Last $7.39 USD
Change Today -0.21 / -2.76%
Volume 21.2M
PBR On Other Exchanges
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

petroleo brasileiro-spon adr (PBR) Snapshot

Open
$7.55
Previous Close
$7.60
Day High
$7.65
Day Low
$7.26
52 Week High
09/3/14 - $20.94
52 Week Low
12/16/14 - $6.01
Market Cap
49.1B
Average Volume 10 Days
46.8M
EPS TTM
--
Shares Outstanding
3.7B
EX-Date
04/3/14
P/E TM
--
Dividend
--
Dividend Yield
6.49%
Current Stock Chart for PETROLEO BRASILEIRO-SPON ADR (PBR)

petroleo brasileiro-spon adr (PBR) Details

Petróleo Brasileiro S.A. – Petrobras operates as an integrated oil and gas company in Brazil and internationally. Its Exploration and Production segment is engaged in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; sale and transfer of crude oil in domestic and foreign markets; and sale of oil products produced at natural gas processing plants. The company’s Refining, Transportation, and Marketing segment is involved in the refining, logistics, transport, and trading of crude oil and oil products, as well as exports ethanol and invests in petrochemical companies. This segment is also engaged in the extraction and processing of shale. This segment’s products include gasoline, diesel, and residential liquefied petroleum gas. The company’s Gas and Power segment is engaged in the transportation and trade of natural gas; transportation and trade of liquid natural gas; generation and trade of electricity; holding interests in natural gas distribution and thermoelectric power stations; and fertilizer business. Its Biofuel segment is involved in the production of biodiesel and its co-products, as well as in the production and marketing of ethanol, sugar, and the electric power generated from sugarcane bagasse. The company’s Distribution segment distributes oil products, ethanol, and vehicle natural gas in Brazil to retail, commercial, and industrial customers, as well as other fuel wholesalers. Its International segment is engaged in the exploration, production, refining, transportation, marketing, and distribution of gas and power in the Americas, Africa, Europe, and Asia. As of December 31, 2013, the company had proved developed oil and gas reserves of 7,605.8 million barrels of oil equivalent (mmboe) and proved undeveloped reserves of 4,934.5 mmboe in Brazil. Petróleo Brasileiro S.A. - Petrobras was founded in 1953 and is headquartered in Rio de Janeiro, Brazil.

86,108 Employees
Last Reported Date: 02/26/14
Founded in 1953

petroleo brasileiro-spon adr (PBR) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

petroleo brasileiro-spon adr (PBR) Key Developments

City of Providence Sues Petrobras

The city of Providence, R.I., has sued Petrobras for bond losses the city sustained in a company corruption scandal. The lawsuit, filed in New York, claims Petrobras made false statements that inflated the company's value, and when the corruption scandal was revealed in Brazil, the city's investment declined. Several other U.S. investors who bought financial instruments, known as American Depository Receipts (ADRs), have sued Petrobras, but the Providence suit names several of the company's executives as defendants. Thus far, 39 people in Brazil have been indicted on corruption, money laundering and racketeering in the scandal. The Brazilian Federal Police say the indicted members of the group moved over $3.9 billion in what they term "atypical" financial transactions. Brazilian courts have blocked about $270 million in assets of the suspects.

Petróleo Brasileiro S.A. - Petrobras Announces Appointment of Special Committee

Petróleo Brasileiro S.A. – Petrobras announced that its Board of Directors has approved the formation of a Special Committee that will serve as a reporting line for the independent internal investigation firms Trench, Rossi e Watanabe and Gibson, Dunn & Crutcher. This committee will act independently and will have a direct reporting line with the Board of Directors. Among its responsibilities are: (i) approve the investigation plan; (ii) receive and analyze the information addressed by the investigation firms; (iii) assure the investigation independency, assuring that it is not prevented or obstructed; (iv) analyze, approve and enable the implementation of the investigation firms recommendations; (v) communicate and/or authorize the communication between the investigation firms and competent authorities, including regulators, regarding the investigation status, its results, as well as measures taken by the company; (vi) prepare the final report about the investigation results, as well as about the committee´s recommendations regarding internal policies and procedures. The Special Committee will be composed by 3 members: two independent individuals from outside the company, a Brazilian and a foreigner member, with notable technical expertise; and a Chief Compliance, Risk and Governance Officer. The Brazilian member will be Mrs. Ellen Gracie Northfleet, retired Minister of the Brazilian Supreme Court, and the foreign member will be Mr. Andreas Pohlmann, Chief Compliance Officer of Siemens AG from 2007 to 2010. In order to expedite the investigations, the Special Committee shall commence its activities with the two independent members. The Chief Compliance, Risk and Governance Officer shall compose the Special Committee as soon as it is designated. Mrs. Ellen Gracie Northfleet served as Chief Justice of the Brazilian Supreme Court from 2006 to 2008, in connection with the National Council of Justice which, among other duties, is responsible for administrative and financial performance of the Judicial Branch, compliance of judges functional duties, as well as ensure the compliance of the Government Principles and the legality of the administrative acts performed by the members of the Judicial Branch. Mr. Andreas Pohlmann was Chief Compliance Officer and member of the Executive Committee of SNC-Lavalin Group Inc. in Montreal, Canada, from 2013 to 2014.

Petróleo Brasileiro S.A. – Petrobras Reports Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Free Cash Flow Guidance for 2015

Petróleo Brasileiro S.A. – Petrobras reported consolidated earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, sales revenues were BRL 88,378 million against BRL 77,700 million last year. Free cash flow was BRL 4,249 million against negative free cash flow of BRL 5,232 million last year. The 13% increase in sales revenues is attributable to higher oil product prices in the domestic market resulting from the impact in the full year of 2014 of diesel and gasoline price adjustments in 2013 and the impact of foreign currency depreciation (8%) over the price of oil products that are adjusted to reflect international prices and export prices, as well as higher electricity and natural gas prices. For the quarter, total crude oil and natural gas production was 2,746 mbbl/day against 2,522 mbbl/day last year. For the nine months, total crude oil and natural gas production was 2,627 mbbl/day against 2,542 mbbl/day last year. For the nine months, sales revenues were BRL 252,221 million against BRL 223,862 million last year. Negative free cash flow was BRL 9,154 million against negative free cash flow of BRL 12,820 million last year. Net debt was BRL 261,445 million against BRL 192,987 at September 30, 2013. The Executive Officers recently approved the implementation of a series of actions that will be undertaken in order to maintain cash level, which was BRL 62.4 billion as of September 30, 2014, and the liquidity of the company. These actions include, for example, discounting receivables, reducing the level of capital expenditures, reviewing product pricing strategies and reducing operating costs in activities that were out of the scope of structuring cost reduction programs; and assure positive free cash flow next year, considering crude oil prices of around USD 70/bbl and foreign exchange rate of BRL 2.60/USD; thus eliminating the need for additional financing in the capital markets next year.

 

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Industry Analysis

PBR

Industry Average

Valuation PBR Industry Range
Price/Earnings 5.6x
Price/Sales 0.3x
Price/Book 0.3x
Price/Cash Flow 1.9x
TEV/Sales NM Not Meaningful
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