PETROBRAS SETS A NEW RECORD IN MARKET VALUE, REACHING BRL 569 MILLION

Petrobras, a state-owned company, achieved a record market value of BRL 569 billion due to a 0.92% increase in preferred shares (PETR4) and a 1.82% increase in common shares (PETR3) on the Brazilian stock exchange. This marks the ninth time the company has reached this milestone since October 2023. Petrobras attributed its success to new strategies, improvements in the shareholder remuneration policy, and a record of oil and gas production. The company highlighted an increase of over BRL 150 billion in market value throughout 2023 and approximately BRL 200 billion in the last 12 months.
Source: CNN Brasil (*Translated by Ia Niani)