Petroleo Brasileiro SA ADR Aktie News

Brazilian oil workers union FUP said on Monday it plans to accept a counteroffer from state-run company Petrobras for a labor deal, paving the way to end a week-long strike.

A dispute involving about 50,000 retired Petrobras employees over payment deductions may prolong a strike at the Brazilian state-run oil firm, union leaders and executives told Reuters.

Petrobras trades at the lower bound of peers' range, despite sitting on one of the largest, most profitable, proven reserves in the Oil & Gas sector. Petrobras preferreds, trading on the NYSE under the ticker PBR.A, typically trades at a discount to the common shares, yet carries a variable distribution structure that exposes investors to potential growth. The main risk is political, given the ...

A strike at Brazil's state-run oil firm Petrobras has reached workers in offshore oil platforms in the country's Santos basin, Adaedson Costa, the secretary general of local union FNP, told Reuters on Thursday.

A strike at Brazil's Petrobras has reached workers in all offshore oil platforms in Campos basin, said local union FUP in a statement on Wednesday.

Brazil's state-run oil company Petrobras signed a deal to acquire 49.99% of Lightsource bp's subsidiaries in the country, the firms said in a statement on Tuesday.

A strike at Brazilian state-run oil company Petrobras entered its second day on Tuesday, affecting 24 oil platforms and eight refineries, union FUP said in a statement.

Brazilian state-run oil firm Petrobras has seen no impact on its output of oil and petroleum products since the start of a planned strike by some workers on Monday, it said in a statement.