Under state control, Petrobras hits record-breaking market value.
In a statement distributed to the press, the president of Petrobras, Jean Paul Prates, said that the record is a consequence of the resumption of investments.
Brazil Agency – Petrobras reached its highest market value in history this week: R$ 552 billion, according to the closing of the São Paulo Stock Exchange last Thursday (1st). According to a company statement, PETR3 shares closed yesterday at R$ 42,96, and PETR4 at R$ 41,57.
Since the beginning of January, PETR3 stock has appreciated by more than 8%, while PETR4 has appreciated by more than 9%.
In a statement distributed to the press, the president of Petrobras, Jean Paul Prates, said that the record is a consequence of the resumption of investments that the new management has carried out in the last year. "The Petrobras that Brazilians are proud of and the market admires is back," he celebrated.
Petrobras' Chief Financial Officer and Investor Relations Director, Sérgio Leite, described the record as a "collective success" for the oil workers, employees of the state-owned company.
"The record share value reinforces the company's commitment to generating value for shareholders, customers, employees, and society as a whole. Petrobras remains committed to its mission of providing energy in a safe, responsible, and sustainable manner, maintaining its leading position in the global market," he concluded.