Petroleo Brasileiro SA- Petrobras ( (PBR) ) has issued an announcement.
On March 25, 2025, Petrobras addressed media reports concerning its R$16 billion bidding process for offshore vessels. The company clarified that after a complaint, two technical units of the Brazilian General Accounting Office reviewed the case and found no irregularities, recommending the dismissal of the complaint. This proposal awaits further analysis and judgment by the TCU Plenary. Petrobras emphasized its commitment to transparency and compliance in its bidding processes, adhering to Brazilian law and its internal regulations.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, formally known as Petróleo Brasileiro S.A., is a Brazilian multinational corporation in the petroleum industry. The company is primarily involved in the exploration, production, refining, and transportation of oil and gas. It plays a significant role in the energy sector, focusing on offshore oil fields and is a major player in the global oil market.
YTD Price Performance: 7.78%
Average Trading Volume: 15,910,836
Technical Sentiment Signal: Strong Sell
Current Market Cap: $86.79B
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