Current PBR Stock Info

Union strike costing Brazil $25 million lost revenue per day: Reuters
Management of Petrobras (ticker: PBR) indicates there are no changes in its plan to sell $15 billion in assets by year-end 2016, despite a union strike that is restricting production levels.

Brazil’s state-owned integrated oil company intends to sell as much as $58 billion overall by 2019, with the proceeds aimed at paying down its net debt of $101.3 billion. Union workers are protesting the plan, saying the asset reductions would cost additional jobs in an industry that ...


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