Last €3.06 EUR
Change Today +0.11 / 3.73%
Volume 34.4K
As of 12:25 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

petrobras - petroleo bras-pr (PJXB) Snapshot

Open
€3.02
Previous Close
€2.95
Day High
€3.10
Day Low
€2.89
52 Week High
09/1/14 - €8.43
52 Week Low
12/16/14 - €2.61
Market Cap
38.5B
Average Volume 10 Days
37.2K
EPS TTM
--
Shares Outstanding
5.6B
EX-Date
04/3/14
P/E TM
--
Dividend
--
Dividend Yield
10.43%
Current Stock Chart for PETROBRAS - PETROLEO BRAS-PR (PJXB)

petrobras - petroleo bras-pr (PJXB) 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

petrobras - petroleo bras-pr (PJXB) Top Compensated Officers

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

Executives, Board Directors

petrobras - petroleo bras-pr (PJXB) Key Developments

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 $70/bbl and foreign exchange rate of BRL 2.60/U.S.$; thus eliminating the need for additional financing in the capital markets next year.

US Class-Action Investors Files Lawsuit Against Petrobras

A US class-action investors lawsuit filed against Petrobras accuses the company of failing to disclose 'a culture of corruption' that has sent shares plunging. The suit for violations of the Securities Exchange Act was filed in a New York federal court by the law firm Wolf Popper LLP on behalf of Peter Kaltman and others. It covers all investors who bought American Depositary Shares (ADS) of Petrobras, traded on the New York Stock Exchange, between May 20, 2010 through November 21, 2014. The plaintiffs are seeking an unspecified amount of money for 'all losses and damages' suffered as a result of the alleged violations and ensuing scandal that have hammered Petrobras shares. The complaint alleges that Petrobras issued materially false and misleading statements by misrepresenting facts and failing to disclose a culture of corruption at the company that consisted of a multi-billion dollar money-laundering and bribery scheme embedded in the company since 2006. The company is alleged to have overstated its property, plant and equipment line item on its balance sheet because overstated amounts paid on contracts were carried as assets on the balance sheet. The Brazilian company operates in 17 other countries, including the United States where it produces oil and gas and has refining operations.

Petróleo Brasileiro S.A. - Petrobras, Board Meeting, Dec 12, 2014

Petróleo Brasileiro S.A. - Petrobras, Board Meeting, Dec 12, 2014. Agenda: To consider reports on the Abreu e Lima and Comperj refineries.

 

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PJXB

Industry Average

Valuation PJXB Industry Range
Price/Earnings 5.3x
Price/Sales 0.3x
Price/Book 0.3x
Price/Cash Flow 1.8x
TEV/Sales NM Not Meaningful
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