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Petrobras makes history in the financial market with record share values, reaching R$552 billion

Written by Noel Budeguer
Published 05/02/2024 às 08:06
Petrobras-shares-market
Petrobras shares, source: Exam

Petrobras reaches extraordinary milestones: historic record in share value and financial market, reaffirming its leadership in the oil market

This Thursday (01/02), Petrobras reached a record that has repercussions throughout the financial market. With PETR3 closing the day at R$42,96 and PETR4 at R$41,57, the company reached its highest historical value, recording a market value of R$552 billion. This highlights Petrobras' prominent position and also reveals the solidity and confidence of investors in the Brazilian giant.

The president of Petrobras, Jean Paul Prates, shared his satisfaction with the market value records achieved. This is due to the hard teamwork carried out during the first year of the new management, which began in January 2023. The resumption of investments, innovations such as the share buyback program and a strategic plan for the energy transition contributed to this triumph.

Transparency, innovation and commitment: Pillars of success

The Financial and Investor Relations Director, Sérgio Leite, highlights the importance of transparent relationships with public and private shareholders.

Building trust, based on transparency proper planning strategy and in the decisions made, combined with the strengthening of governance, was crucial to the historical performance of the actions. The dedicated involvement of oil workers and oil companies, executing corporate strategies with synergy, also played a key role.

A collective success: Everyone’s contribution

The record share price reflects not only the impressive numbers, but Petrobras' commitment to generating value for shareholders, customers, employees and society. This milestone reinforces the company's position as a leader in the global market, committed to providing energy in a safe, responsible and sustainable way.

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Noel Budeguer

Of Argentine nationality, I am a news writer and specialist in the field. I cover topics such as science, oil, gas, technology, the automotive industry, renewable energy and all trends in the job market.

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