Petrobras (PBR -7.9%) shares slide after reporting a sharp drop in earnings and a management shakeup. Q4 net profit fell to 5.05B Brazilian reais ($2.93B) from 10.6B reais a year ago due to supply chain problems which led to a production decline. Also, several high-level executives were replaced following the appointment of a new chief executive.
Petrobras (PBR -7.9%) shares slide after reporting a sharp drop in earnings and a management...
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Symbol | Last Price | % Chg |
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PBR | - | - |
Petróleo Brasileiro S.A. - Petrobras |