Petróleo Brasileiro S.A. – Petrobras PBR, the Brazilian state-run oil and gas company, has been facing pressure from the government to reconsider its asset sales strategy. The company's board of ...

Petroleo Brasileiro PBR, the Brazilian state-run oil company, recently announced that it has received an Official Letter 166/2023/GM-MME from the Brazilian government's Ministry of Mines and Energy ...

Petrobras offers a forward dividend yield near 7% and trades at just 5.5x forward P/E, creating an unusual profile. Read more on PBR stock here.

Conditions are "not favorable" for Petrobras (NYSE:PBR) to proceed with planned asset sales, Brazil President Luiz Inacio Lula da Silva said according to Argus Media in his first specific comments on ...