Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) Stock Decreased By 4.14%


Dallas, Texas 11/21/2013 (Financialstrend) – In Wednesday’s trading session, Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) dropped by 4.14%. The opening price of the shares was $17.59, which was the intraday high and headed to close at $16.89. Around 17.58M shares were exchanged on Wednesday while the average-volume of 16.79 million shares were traded over a 30 day period. The 52-week low of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares is $12.03 while the 52-week high is $20.63. The company has a market capitalization of $110.16 billion.

About the company

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is an integrated oil and gas company that operates and is based in Brazil. The company operates in five-different business sections: first is exploration and production. The second segment is refining, commercialization and the transport of oil &natural gas; the company’s 3rd segment is petrochemicals. Its 5th segment is distribution of derivatives and the 5th is electrical energy, biofuels s well as various other renewable-energy-sources. Either directly or through the company’s subsidiaries, It researches and is also involved in the extraction, refining as well as the processing and commercializing and transport of oil from the company’s wells as well as shales & numerous other rocks, the derivatives, natural-gas & the other liquid-hydrocarbons.

The company is also engaged in different activities that are connected to energy, promotion of research, development, production, transportation, distribution & the commercialization of a variety of energy. As of 31st-December 2010,
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) had 132 different production-platforms. In addition , the company had 16-refineries, 291 vessels, 6 different biofuel plants, 29,398 kms long pipelines, 1 pilot-wind-farm, 16 thermoelectric-plants and 8,477 service stations. It also had 2 fertilizer-plants and a presence in thirty countries.

Exploration and Production

The company’s domestic oil, gas exploration and the production-efforts are spotlighted on the three different basins that are located offshore in the Southeastern-Brazil area. These are- Campos, Espirito Santo and Santos.