Petrobras has lifted the ban on Odebrecht, allowing the contractor to participate in contract bidding processes.
Odebrecht, along with Andrade Gutierrez and UTC, was previously barred from doing business with Petrobras due to their involvement in corruption schemes investigated by Operation Lava Jato.
Petrobras has stated that a total of 31 companies, both domestic and foreign, are qualified to provide services.
Petrobras allows Odebrecht to reapply for contracts.
However, any company interested in working with Petrobras must demonstrate compliance with the Petrobras Compliance Program, commit to anti-corruption laws and integrity policies, and be free from any sanctions.
In April of this year, Marcelo Odebrecht, the heir of the contractor, completed his corruption sentence.
Marcelo had previously been sentenced to prison for crimes including corruption, money laundering, and criminal association.
However, his sentence was reduced and replaced with public service as part of plea agreements.
The founder of Odebrecht, Emílio Odebrecht, was also arrested for corruption but benefited from a whistle-blowing agreement.
Operation Lava Jato has targeted a total of 77 Odebrecht employees.
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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◆ Live Company Intelligence
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 $25.60
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…
