Petrobras, Exxon Mobil Corp. and Chevron Corp. won exploration rights in Brazil’s Equatorial Margin, betting that the ...

Petrobras Chief Executive Officer Magda Chambriard said the Brazilian oil giant can withstand global prices sliding a little lower under Donald Trump. Petrobras Chief Executive Officer Magda ...

The new strategy was approved at a Petrobras board meeting on 15 May and referred to market references such as the customer’s “alternative cost” as the value to be prioritised in pricing and ...

I recommend holding Petrobras shares due to strategic changes, declining oil prices, and new explorations, which will reduce dividend payments. Petrobras' shift from core oil extraction to ...

Prates said the weeks Petrobras spent without increasing prices were to avoid passing international volatility onto customers, as the new policy intended. However, as global oil prices ...

Under the prior policy, Petrobras based its fuel prices on international prices, while the new “commercial strategy” incorporates market references such as customers’ alternative costs and ...

Brazil’s Petrobras plans to extract every last drop of oil from existing oil fields, Bloomberg has reported, while also searching for fresh deposits to avoid a decline in output in the next decade.

it said in a filing on Thursday. Petrobras also approved the payment of 20 billion reais ($3.4 billion) in extraordinary dividends.