Petrobras

Argentinian peso drops 3.2% after central bank hikes rate by 500 basis points

The Argentinian peso falls 3.2% after the country's central bank unexpectedly boosts its benchmark 7-day Leliq rate to 45% and says it will keep it …

Business

Former Brazil finance minister charged with corruption

BRASÍLIA (AFP) -<p>Former Brazil finance minister Guido Mantega was indicted Monday on money laundering and other charges as part of the corruption scandal that has rocked the country's business and political elites.<p>Mantega, 69, is accused of taking money from construction giant Odebrecht in exchange …

Brazil

Petrobras - Petroleo Brasileiro S.A. goes ex-dividend tomorrow

Petrobras - Petroleo Brasileiro S.A. (NYSE:PBR) had declared $0.04/share dividend.<p>Payable Sept. 4; for shareholders of record Aug. 15; ex-div Aug. 14.<p>…

Business

Vantage Drilling Co. (VTGDF) CEO Ihab Toma on Q2 2018 Results - Earnings Call Transcript

Vantage Drilling Co. (OTCPK:VTGDF) Q2 2018 Earnings Conference Call August 8, 2018 10:00 AM ET<p><b>Executives</b><p>Douglas Stewart - Vice President, General …

Oil & Gas Industry

New Strong Buy Stocks for August 10th

1 / 6<p>New Strong Buy Stocks for August 10th<p>Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:<p><b>D.R. Horton, Inc.</b> (DHI): This …

Investing

Brazil Prosecutors Say Petrobras to Receive $272 Million

SAO PAULO (AP) — Brazilian prosecutors leading a major corruption investigation say they will return the equivalent of $272 million to state oil …

Brazil

Petrobras receives $274 mln in compensations under Car Wash probe

BRASILIA, Aug 9 (Reuters) - Brazilian state-controlled oil company Petróleo Brasileiro SA has taken in an additional 1.034 billion reais ($274 million) in compensations as a result of several plea deals under the sweeping Car Wash corruption probe.<p>In a securities filing, Petrobras, as the company …

Brazil

Petrobras recovers another $274M from Car Wash scandal

Petrobras (NYSE:PBR) says it recovered 1.03B reais ($274M) in funds embezzled during Brazil's Car Wash corruption scandal.<p>PBR says the funds were …

Brazil

Braskem SA (BAK) CEO Fernando Musa on Q2 2018 Results - Earnings Call Transcript

Braskem SA (NYSE:BAK) Q2 2018 Earnings Conference Call August 9, 2018 12:00 PM ET<p><b>Executives</b><p>Pedro Carvalho - IR<p>Fernando Musa - CEO<p><b>Analysts</b><p>Gustavo …

Petrobras

The Zacks Analyst Blog Highlights: BP, Apache, Concho Resources, Petrobras and Marathon Petroleum

<b>For Immediate Release</b><p>Chicago, IL – August 8, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity …

Investing

BHP agrees to pay $50M to settle U.S. class action over Samarco disaster

BHP Billiton (NYSE:BHP) says it agreed to pay $50M "with no admission of liability" to settle a class action complaint related to the 2015 Samarco …

Business

Petrobras Posts Its Best Performance Since 2011 With Higher Price Realizations & Lower Expenses

Petroleo Brasileiro Petrobras (NYSE:PBR), the Brazilian integrated energy company, posted a strong improvement in its June quarter financial results driven by higher price realizations, marking its best performance since 2011. The company’s earnings rose significantly, driven by solid revenue …

Oil & Gas Industry

Petrobras, Brazilian Stocks Recovering From Truckers' Strike

Editor's note: Seeking Alpha is proud to welcome Shannon Bruce as a new contributor. It's easy to become a Seeking Alpha contributor and earn money …

Business

Brazil's Petrobras prepays $975 million worth of bank debt

BRASILIA (Reuters) - Brazilian Petróleo Brasileiro SA has settled three bank loans worth a total of $975 million that were due 2022, the state-controlled oil company said in a securities filing on Monday.<p>Petrobras, as the company is known, paid $325 million to Bank of America Corp, $150 million to …

Brazil

Petrobras' Bright Quarter Isn’t Enough to Allay Investor Concerns

Petroleo Brasileiro SA rallied after posting its biggest profit in seven years, but the solid earnings aren’t enough to remove concerns about …

Oil

EMERGING MARKETS-Brazil stocks lead gains on Petrobras profit, election hopes

Oil & Gas Industry

Oil price boom helps Petrobras increase profits thirtyfold | Financial Times

Rising crude prices boosted Petrobras’s earnings in the second quarter of the year helping the Brazilian national oil company to increase its net …

Crude Oil Prices

Petrobras profits leap in second quarter on higher oil prices

Brazil's flagship oil company Petrobras announced sharply higher net profits for the second quarter of 10.072 billion reais ($2.7 billion) Friday, …

Oil

Brazil's Petrobras net income jumps in quarter on higher oil price

RIO DE JANEIRO, Aug 3 (Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA reported a big jump in net profit in the second quarter, helped by a pickup in oil prices, a filing showed on Friday.<p>Petrobras, as the company is known, earned a net profit of 10.072 billion reais ($2.69 …

Oil

In Brazil, Ex-President Lula Not So Hot Anymore

He was once the most popular president in the Americas, if not the world. He still polls higher than every other politician in Brazil, But jailbird ex-president Luiz Inácio Lula da Silva is, arguably, finished as a politician. Only the grace of God will get him to run for office again. And if that …

Brazil

Investors To Keenly Watch Petrobras' 2Q'18 Results For Any Change In Outlook By The New CEO

Petroleo Brasileiro Petrobras (NYSE:PBR), the Brazilian integrated energy company, is slated to post its June quarter financial results before the market opens on 3rd August 2018((Petrobras To Announce June Quarter 2018 Results, 30th July 2018, www.petrobras.com)). Similar to the last quarter, the …

Oil & Gas Industry

Legal, political headwinds gather for Petrobras despite rising oil prices

RIO DE JANEIRO(Reuters) - Rising crude prices should buoy quarterly results at Petrobras<p>but Brazil's state-controlled oil company faces questions about its future given recently imposed fuel price controls as well as legal and political obstacles to asset sales.<p>Petroleo Brasileiro SA's …

Oil

Brazil Reports Record Oil Exports

Crude oil exports from Brazil hit an all-time high in July, at 8.1 million tons, which was a 50-percent increase on the year and a threefold …

Oil

Brazilian oil exports rebound, hitting record in July

RIO DE JANEIRO, Aug 1 (Reuters) - Brazilian oil exports hit a record of 8.1 million tonnes in July, nearly three times its shipments in June and 50 percent higher than a year ago, Brazilian government data showed on Wednesday.<p>In June, exports of the commodity totaled just 2.86 million tonnes, as …

Oil

Emerging market CDS trading value jumps in Q2 -EMTA

NEW YORK, Aug 1 (Reuters) - Trading in emerging market credit default swaps soared 79.3 percent to $468 billion in the second quarter of 2018 from $261 billion in the same quarter a year earlier, a survey released on Wednesday showed.<p>Trading in emerging market CDS dipped 4.1 percent from the …

Markets

UPDATE 4-Shell, Petrobras units probed for Brazil price-fixing

(Adds new Raizen comment)<p>By Pedro Fonseca<p>RIO DE JANEIRO, July 31 (Reuters) - Brazil’s three largest fuel distribution companies are under investigation for fixing prices at the pump, police said on Tuesday, reigniting debate over potential collusion among gas station owners in Latin America’s …

Brazil

Factors You Must Know Ahead of Petrobras (PBR) Q2 Earnings

1 / 2<p>We expect Petrobras' (PBR) earnings to be buoyed by pricing and production gains amid cash outgo owing to defeat in lawsuits.<p><b>Petróleo Brasileiro</b> …

Oil & Gas Industry

Shell, Petrobras units probed for Brazil price-fixing

© Reuters. FILE PHOTO: The logo of state-run oil company Petrobras is pictured in the company headquarters in Vitoria<p>By Pedro Fonseca<p>RIO DE JANEIRO …

Stock Markets

Brazil's Petrobras starts binding phase for sale of Sergipe field

SAO PAULO, July 30 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA has initiated the binding phase related to the sale of 100 …

Brazil

RPT-Petrobras targets larger China market share with new crude oil

(Repeats item with no changes to text)<p>* Exports of medium-sweet Buzios may start in Oct -sources<p>* Petrobras hires trader in Singapore to market oil to China<p>* Chart of Brazil oil flows to China: tmsnrt.rs/2JPyQXp<p>By Florence Tan and Alexandra Alper<p>SINGAPORE/RIO DE JANEIRO, July 27 (Reuters) - …

Oil