UPDATE 3-Petrobras hikes diesel price, eyes divestments amid investor unease [Reuters (UK)]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Reuters
Petrobras hikes diesel price, eyes divestments amid investor unease - Reuters 3 Min Read RIO DE JANEIRO/SAO PAULO (Reuters) - Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference. In an impromptu news conference at the Rio de Janeiro headquarters of Petrobras, as the company is known, Chief Executive Roberto Castello Branco announced a diesel price hike of 10 cents per liter and said Petrobras has complete control over its pricing strategy. Speaking only minutes before at an event in Sao Paulo, Chief Financial Officer Rafael Grisolia said Petrobras was looking at selling off assets such as deepwater pipelines and Petrobras Distribuidora SA, which includes a gas station chain stretching across the country. The comments come as executives scramble to contain the fallout from the company’s cancellation on
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News
- Petrobras shareholders OK payout of 50% of withheld dividends [Seeking Alpha]Seeking Alpha
- UPDATE 1-Petrobras shareholders approve payout of 50% of withheld dividends [Yahoo! Finance]Yahoo! Finance
- Petrobras shareholders approve payout of 50% of withheld dividends [Reuters]Reuters
- Petrobras Investors Come Out Ahead After Drama Over Dividends in Brazil [BNN Bloomberg (Canada)]BNN Bloomberg
- Petrobras (PBR) Leads Investment Race in Oil and Gas Industry [Yahoo! Finance]Yahoo! Finance