PBR - Why Brazilian Oil Company Petrobras Stock Is Higher Today | Benzinga
Petroleo Brasileiro S.A. (NYSE:PBR) Petrobras‘ new chief executive officer (CEO), Magda Chambriard, reportedly stated that a basin in Brazil’s Equatorial Margin was a matter of “national interest.”
Brazil’s Equatorial Margin is an environmentally sensitive offshore prospect seen as the country’s most promising frontier for oil exploration.
On Friday, Petrobras appointed Magda Chambriard as a member of the Board of Directors and elected her as the company’s new CEO. She replaced prior CEO Jean Paul Prattes, who had resigned amid a ...