Historical record in Petrobras’ share and market value crowns work, says Jean Prates

Historical record in Petrobras’ share and market value crowns work, says Jean Prates
Historical record in Petrobras’ share and market value crowns work, says Jean Prates
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Petrobras (PETR4) reached a historic record in the financial market this Thursday, the 1st. The company recorded the highest value of its shares and market ever. Ordinary shares closed the session, quoted at R$42.96 and preferred shares, at R$41.57. The company’s market value reached the level of R$552 billion, the highest since October 18, 2023, when it reached the mark of R$525.099 billion in market cap.

The president of Petrobras, Jean Paul Prates, states that the company’s record value crowns the work done throughout the first year of new management, which began in January 2023.

“We are very pleased with the successive market value records. This record, as well as the others that Petrobras reached in 2023, is a consequence of the resumption of investments that the new management has made in the last year”, he said, in a press release.

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In addition to a historic record for Petrobras, according to him, the market value and share price achieved also demonstrate investors’ confidence in the company’s future and its ability to generate significant returns.

Petrobras’ Financial and Investor Relations Director, Sérgio Leite, highlights that the good relationship with public and private shareholders “was fundamental” for the historical performance of the shares.

Another factor was the dedication of oil workers and oil companies to the integrated execution of corporate strategies. “The involvement and synergy between the teams drives Petrobras to achieve this collective success”, he highlights.

The article is in Portuguese

Tags: Historical record Petrobras share market crowns work Jean Prates

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