Here at FxPro, we’re delighted to offer our clients the opportunity to invest in Petróleo Brasileiro SA - ADR, through our CFDs Product. This is the largest Brazilian state-controlled oil and gas company.
According to the official open sources, the company’s history began in 1953. Headquarters is located in Rio de Janeiro, Brazil.
On average, the company produces more than 2 million barrels of oil per day.
The company was founded on the initiative of Brazilian President Getulio Vargas and received monopoly rights to explore, produce and process oil in the country.
In 1968, in the Atlantic Ocean off the southeaster coast of Brazil, large reserves of oil were discovered in the Campus basin. Their development by Petrobras began in 1971.
In 1993, Petrobras entered the Argentine market by creating a subsidiary Petróleo Brasileiro SA - ADR, which was engaged in the exploration, production, transportation, processing, and sale of oil and petroleum products.
In 1997, by amending Brazil’s constitution, Petróleo Brasileiro SA - ADR was deprived of a monopoly on oil and gas production in Brazil; however, in 2015, the company controlled more than 90% of the country's oil production.
The company operated the world's largest floating complex for the extraction, storage, and shipment of hydrocarbons Petrobras 36, which exploded and sank on March 15, 2001.
In 2006, oil deposits were discovered in the Santos oil and gas basin, and their development began in 2009.
On November 9, 2007, the company announced the discovery of a field on the Tupi shelf area with reserves ranging from 5 billion to 8 billion barrels of light oil.
Today this brand is listed on the NYSE and its name is firmly established in our life.
Petróleo Brasileiro SA - ADR stock price is subject to the observations of many traders in the world. At the beginning of 2019, Petróleo Brasileiro SA - ADR share price was 12,69 USD.
Among the reasons to keep a close eye to the CFDs on Petróleo Brasileiro SA - ADR securities is the strong volatility that can be observed during the day-to-day trading sessions.
On this page, you can take a look at the Petróleo Brasileiro SA - ADR share price chart to make your own responsible decision to buy or to sell it on the FxPro trading platforms.
In order to trade shares successfully, be sure to follow corporate reports and actual data that are regularly published on the major news portals.
Also, keep a close eye to the Dividend calendar at the FxPro official website. According to it, сlients, holding “Buy” positions on the ex-div date will receive a dividend in the form of a cash adjustment (deposit). Clients, holding “Sell” positions on the ex-div date will be charged the dividend amount in the form of a cash adjustment (withdrawal).
