May 15, 2024
Why Petrobras Stock Keeps Going Down
Pity Petrobras (NYSE: PBR) (NYSE: PBR.A) investors — they can't seem to catch a break. Shares of the Brazilian oil giant — officially known as Petroleo Brasileiro — have fallen steadily in the four days leading up to and after the company's poor first-quarter 2024 earnings report. This now includes a 7.2% decline through 10:45 a.m. ET today.