RIO DE JANEIRO, BRAZIL – Jair Bolsonaro’s government will continue the reform agenda, including the privatization of Petrobras, in a possible second term. Economy Minister Paulo Guedes made the statement.
“We will privatize Petrobras and conclude several trade agreements. We will do much more than before,” the minister told reporters after attending the World Economic Forum in Davos, Switzerland.
Guedes said the government is eager for reform, but the pandemic ultimately prevented the agenda from moving forward in Congress as he would like.
The minister hopes that if Bolsonaro is re-elected, there will be more congressmen with a center-right profile in the country.
A PoderData poll conducted April 24-26, 2022, shows that half of the Brazilian population (50%) believes that the state should continue to own Petrobras. Another 33% believe that the state-owned company should be sold, while 17% could not give an answer.
The rates fluctuate within the margin of error of 2 percentage points more or less since the last survey in the March 27-29, 2021, round, when 54% opposed privatization and 30% were in favor.
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 $23.31
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $23.31 · +28% 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 $25.80
Beta (volatility)-0.23
200-day average$18.19
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.4%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield14.9%
Payout ratio28.3%
Fwd. annual$1.68
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…
