On Brazil's Struggling Petrobras, Barclays Becomes A Believer

Barclays Capital is putting its money to work in Petrobras, the investment firm said in a note to clients Monday. After meeting with Mauro Yuji, the executive in charge of Petrobras' exploration and production, and planning manager Ted Helms in New York, Barclays oil analysts led by Paul Cheng reiterated the [...]

BING NEWS:
  • Petrobras shares plunge as Brazil's Lula swaps CEO, CFO
    RIO DE JANEIRO (Reuters) -Brazil's Petrobras announced the exit of its CEO and chief financial officer on Wednesday, and shares tumbled on news that a former regulator with views closer to those ...
    05/15/2024 - 5:41 am | View Link
  • Petrobras shares plunge as Brazil's Lula swaps CEO, CFO
    Prates lasted less than a year and a half on the job – the fourth Petrobras CEO dismissed in about as many years for political reasons. His firing raises fresh fears that Petrobras will be used ...
    05/14/2024 - 1:00 pm | View Link
  • Brazil's Petrobras reports worse-than-expected 38% drop in first quarter profit
    Citigroup analysts had predicted dividends of $3 billion. Petrobras said the result was mainly due to lower sales, a drop in oil prices and a narrower profit margin on diesel sales compared with ...
    05/13/2024 - 1:00 pm | View Link
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