Oil and gas company: Petrobras (PBR) (1953)

Petrobras Petróleo Brasileiro SA-Petrobras (NYSE: PBR), whose full name is Petrobras, was established in 1953 and is headquartered in Rio de Janeiro. It has 63,152 full-time employees. It is Brazil’s largest oil company and one of Brazil’s four largest state-owned companies. It is also one of the largest oil companies in the Southern Hemisphere and South America.

petrobras Logo

Petrobras (PBR):

Petróleo Brasileiro SA is an integrated energy company operating in Brazil and internationally. The company is divided into 6 departments to operate:

  1. Exploration and Production-engaged in the exploration, development and production of crude oil, natural gas liquids and natural gas; sale of crude oil and petroleum products in natural gas processing plants in domestic and foreign markets.
  2. Refining, Transportation and Marketing-Participate in oil refining, logistics, transportation, and trading of crude oil and petroleum products, as well as export ethanol and invest in petrochemical companies. In addition, it is also engaged in the mining and processing of shale oil and gas.
  3. Gas and Power-engaged in the transportation and trade of natural gas; the transportation and trade of liquefied natural gas; the production and trade of electricity; holding interests in natural gas distribution and thermal power plants; and fertilizer companies.
  4. Biofuels-Participate in the production and trade of biodiesel and parallel products, as well as the production and trade of ethanol and sugar, and the production of electricity from bagasse.
  5. Distribution-Distribution of petroleum products, ethanol and automobile natural gas in Brazil to retail, commercial and industrial customers, and other fuel wholesalers.
  6. International-is engaged in exploration, production, refining, transportation, sales and distribution of natural gas and electricity in the Americas, Africa, Europe and Asia.

Petrobras leads the development of deepwater and ultra-deepwater oil operations. The Brazilian government owns 55.7% of the company’s common stock. In addition to companies listed on the Brazilian Stock Exchange, approximately 14% of the shares are traded in the ADR format on the New York Stock Exchange.

Petrobras (PBR) investment:

The market value of Petrobras once surpassed Microsoft on May 19, 2008 , but with the plummet of oil prices in the past two years, Petrobras has shrunk 80% in market value, and is currently only $56.8 billion. If the oil price continues to bottom out in the future, the company’s stock price is expected to fall further, but the company’s PE level is very low and the dividend yield reaches 7+%. After the oil price bottoms out, we can consider wet storage to participate.

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