Post Tagged with: "market value"

Source: Reuters

Petrobras sheds $41 billion in market value in 2 months

Oil Price


Shares of leading Brazilian National Oil Company (NOC) Petroleo Brasileiro SA aka Petrobras (NYSE: PBR) lost R$30 (~US$5.6) billion in market value on Wednesday after the country’s lower house of Congress voted late on Tuesday to make it …

Source: Reuters

Big Oil shares capitulate to COVID, lower carbon doubts

Reuters


LONDON – Royal Dutch Shell RDSa.L and BP BP.L have lost over half of their market value so far this year, with both shares hitting 25-year lows this week, battered by weak oil prices and investor concerns over their …