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Petróleo Brasileiro S.A - Petrobras

Company NamePetróleo Brasileiro S.A - Petrobras
Stock SymbolPBR

On December 14, 2022, Petrobras disclosed that Brazil's National Agency of Petroleum, Natural Gas and Biofuels had sent it an interdiction notice ordering the shutdown of 37 onshore oil and gas production facilities in the state of Bahia. According to media reports, agency technicians auditing the facilities had found irregularities there.

On this news, Petrobras’s stock price fell as much as 12.5% during intraday trading on December 14, 2022, thereby injuring investors. 

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