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Petroleo Brasileiro SA- Petrobras ( (PBR) ) has shared an update.
On January 29, 2025, Petrobras announced the cancellation of 155,468,500 preferred shares held in treasury, as acquired through its share buyback program, along with additional preferred and common shares held prior to the program. This decision does not reduce the company’s share capital and aims to adjust its share structure, dividing the capital into approximately 7.44 billion ordinary shares and 5.45 billion preferred shares. A proposal to amend the company’s bylaws to reflect these changes will be submitted to the General Meeting, indicating a strategic move to optimize its share capital structure.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, or Petróleo Brasileiro S.A., is a Brazilian multinational corporation in the petroleum industry. The company primarily engages in the exploration, production, refining, and distribution of oil and gas products, with a significant market focus within Brazil and internationally.
YTD Price Performance: 4.91%
Average Trading Volume: 14,352,869
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $86.74B
For an in-depth examination of PBR stock, go to TipRanks’ Stock Analysis page.
