From Production Cuts To Oil Discovery To Lower Costs, Petrobras Can Remain A Key Oil Player [Seeking Alpha]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Seeking Alpha
Oil plunging to the $20/barrel range has caused dozens of producers, pipeline operators and exploratory firms to sink rapidly amidst a lack of cooperation between Saudi and Russian executives and a growing fear of a demand plunge from coronavirus. Brazilian powerhouse Petrobras (PBR2019 Performance2019 saw theimplementation of a new strategyFor the year, oil production rose above 3 million bpd among a decrease in average cash lifting cost of $3 per boe (a 31.6% decrease from 2018). Reducing the cash lifting cost allowed Petrobras to reduce its total costs of revenue by ~$7 billion for the YoY period; operating expenses also fell by ~$5 billion. Even as crude prices fell from the $70 to the $60 range, net income remained at $9.3 billion.Petrobras has one of the highest indebtedness in its industry and the world, with a gross debt of $84.3 billion in 2018. Strong cash flow, divestitures and investments provided enough cash flow for Petrobras to reduce debt by ~$21 billion and rearrange
Show less
Read more
Impact Snapshot
Event Time:
PBR.A
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PBR.A alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PBR.A alerts
High impacting Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares news events
Weekly update
A roundup of the hottest topics
PBR.A
News
- Petrobras Achieves Major Oil Production Milestone at Tupi Field [Yahoo! Finance]Yahoo! Finance
- Petrobras (PBR) Increases Despite Market Slip: Here's What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Petrobras Extends AHTS Vessel Agreement With Solstad Offshore [Yahoo! Finance]Yahoo! Finance
- Petrobras: Still The Cleanest Way To Position For Oil Downside -- Even After Venezuela [Seeking Alpha]Seeking Alpha
- Chevron: Is It Worth Investing In The Company After Maduro's Capture? [Seeking Alpha]Seeking Alpha