RIO DE JANEIRO, BRAZIL – Brazil’s state-run oil firm Petrobras said on Monday, March 8th, that the federal government had nominated six individuals as potential members of the firm’s board of directors, to be voted on at the upcoming extraordinary general meeting.
Brazil’s Petrobras receives six board nominations from government.
Five have been nominated by the Ministry of Mines and Energy and one by the Economy Ministry, Petrobras said in a securities filing. It said the government could still put forward two more names.
This comes after four directors said last week they would be stepping down, following President Jair Bolsonaro’s decision last month to replace Chief Executive Roberto Castello Branco with retired military general Joaquim Silva e Luna.
The six names nominated on Monday are Silva e Luna, Eduardo Bacellar Leal Ferreira, Ruy Flaks Schneider, Márcio Andrade Weber, Murilo Marroquim de Souza and Sonia Julia Sulzbeck Villalobos.
No date has yet been set for the extraordinary general meeting.
Live Company IntelligencePetroleo Brasileiro Petrobras SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$163.04B
Market cap
Analyst target $24.09
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $24.09 · +30% vs 200-day
Valuation & profitability
Market cap$163.04B
Revenue (TTM)$548.49B
P / E ratio6.4
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $25.96
Beta (volatility)-0.23
200-day average$18.47
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.4%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield14.1%
Payout ratio28.3%
Fwd. annual$1.43
What Petroleo Brasileiro Petrobras does. Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces…
