Movement Alert|Petroleo Brasileiro SA Petrobras Falls 3.1% in Regular Trading, Oil Prices Decline Drags Sector Lower

Market Focus
Yesterday

On September 16, Petroleo Brasileiro SA Petrobras fell 3.1% in regular trading, trading at $21.095 per share, with turnover of $112 million.

On the news front, international crude oil prices declined, triggering broad-based selling across integrated oil and gas stocks. The sector saw widespread weakness, with Occidental Petroleum down 5.16%, Exxon Mobil down 3.01%, BP down 2.52%, Chevron down 2.47%, and Shell down 2.33%.

It is worth noting that Petroleo Brasileiro SA Petrobras had gained over 3% in the prior session, supported by the announcement of a 20-year LNG supply agreement with Sempra Infrastructure for approximately 0.8 million tonnes per annum sourced from the Port Arthur LNG Phase 2 project in Texas, expected to begin commercial operations in 2030 and 2031. Additionally, the company reported strong first-half results, with net income of $16.627 billion, up 55.3% year-over-year, and second-quarter oil and gas production reaching 3.34 million barrels of oil equivalent per day, up 14.1% year-over-year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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