An update from Petroleo Brasileiro SA- Petrobras ( (PBR) ) is now available.
On March 26, 2025, Petrobras clarified its position regarding its involvement with Braskem, following a report in Valor Econômico about negotiations with creditor banks. The company stated that no decision has been made about its participation in Braskem and that it is conducting due diligence for potential tag along or preemptive rights related to Novonor’s shares in Braskem. Petrobras emphasized its commitment to making investment and divestment decisions based on thorough analyses and governance practices, ensuring that any material developments will be promptly communicated to the market.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, or Petróleo Brasileiro S.A., is a major Brazilian petroleum corporation engaged in the oil and gas industry. The company primarily focuses on the exploration, production, refining, and distribution of oil and gas products, playing a significant role in Brazil’s energy sector.
YTD Price Performance: 7.78%
Average Trading Volume: 15,910,836
Technical Sentiment Signal: Strong Sell
Current Market Cap: $86.79B
Learn more about PBR stock on TipRanks’ Stock Analysis page.