Petrobras Shakes Off Bad News With $7.2 Billion Earnings

Petroleo Brasileiro SA, the state-run oil producer battered by months of bad publicity from a corruption probe and asset writeoffs, reported some surprising good news.

Petrobras Seen Unlocking Bond Market Shuttered by Bribery Crisis

Petroleo Brasileiro SA has largely been responsible for all but shutting Brazil and its companies out of bond markets. It’s now poised to unlock them.

Petrobras Cash Flow Woes Hit Tenaris Profit, CEO Says

Cash flow constraints at Petroleo Brasileiro SA (PBR), the biggest producer in ultra-deep waters, has slowed output gains, curbing profit at Tenaris SA (TS), the oil equipment supplier said today.

Petrobras Steps Up Cost Cuts to Counter Fuel Subsidies

Petroleo Brasileiro SA (PETR4) is stepping up cost-cutting measures to avoid a fourth straight profit decline amid losses derived from government fuel subsidies.

Petrobras Probing $32 Billion Refinery Projects Following Arrest

Petroleo Brasileiro SA (PETR4), Brazil’s state-controlled oil company, is probing contracts tied to the $32 billion construction of two refineries after its former head of refining was arrested for allegedly taking bribes.