Petrobras’ market capitalization has fallen by R$84.8 billion since the election

a Petrobras It has lost R$84.8 billion in market value since the result of the second round of the presidential election – the calculation ignores the payment of dividends to shareholders. It increased from R$448.7 billion on October 28, 2022 to R$363.9 billion on Friday (May 12, 2023). Despite the decline, stock prices have rallied in the period: common stocks are up 1.62% since Oct. 28, while blue-chip stocks are up 3.45%.

The rise in stock value is due to the company paying dividends. When the company is distributing bonuses to the shareholders, it needs to draw money out of cash and, accordingly, stock prices are adjusted except for the amount of dividends. The survey has been conducted before Einar RiveroAnd head commercial from TradeMapto request The power is 360.

On the first business day after the second shift, the value of the state-owned company fell from R$34.2 billion to R$414.5 billion. The company’s shares declined B 3 (Sao Paulo Stock Exchange) intensified, when it reached a value of R$301 billion on December 14 of last year. This price was the lowest since May 4, 2021.

In percentage terms, Petrobras’ market value declined after the president’s victory Luiz Inacio Lula da Silva (Pacific Time) was 18.9% through Friday (May 12, 2023). Ibovespa, the main B3 index, fell by 5.30% in the same period.

a Petrobras Partially recovering losses in 2023. Market capitalization increased from R$345.9 billion on December 30 to R$363.9 billion on Friday (May 12).

The company’s preferred shares were down 2.68% at 11:50 am on Monday (May 15, 2023). Ordinary fell by 3.17%.

Petrobras will discuss the petrol and diesel pricing methodology this week. Changes need to be approved by the executive board of the state-owned company. According to a statement, any changes “It will be based on technical studies“.

Fall risks

The figures show a worsening trend in the state-owned company’s market capitalization. The price of oil in the international market indicates a slowdown in economic activity in the world, supported by the Chinese economy.

The price of a barrel Brent Close to $75.50. As of December 30, it was worth $85.91.

Lula’s government wants Petrobras to limit increases in fuel prices. It is expected that, with the new pricing policy, the state-owned company will experience frustration in revenue. In addition, the company intends to focus management on investing in refining and renewable energy. Since the government Michel Tamer (MDB), was aimed at efforts to get oil out of the ground.