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Fly News Breaks for June 8, 2018
PBR
Jun 8, 2018 | 07:54 EDT
As previously reported, UBS analyst Luiz Carvalho downgraded Petrobras to Neutral from Buy. The analyst cited reduced visibility on its long-term pricing policy after the company recently reduced prices, which significantly lowered the chances of the company selling its refining assets, keeping it a monopoly, and exposed it to possible interference depending on the government's policy approach and macro conditions.
News For PBR From the Last 2 Days
PBR
Apr 25, 2024 | 14:08 EDT
PBR
Apr 25, 2024 | 13:57 EDT
Petrobras said it approved the remuneration to shareholders for the 2023 fiscal year. The total gross amount remaining to be distributed to shareholders, considering monetary adjustment to date, is equivalent to R$2.895 per share and will be paid in two equal installments in May and June.
PBR
Apr 25, 2024 | 13:35 EDT
PBR
Apr 25, 2024 | 13:15 EDT
Brazil's government proposes in a shareholders meeting that Petrobras pay out 50% of extra dividends relative to 2023 results, reported Reuters. Petrobras shares trading in New York are up fractionally in afternoon trading to $16.89.
