Petrobras shares accumulate 14% drop and head for worst week since 2021
Born in Vitória (ES), graduated in journalism in 2023 and began her career at the independent portal A Investigação. Currently, she is pursuing postgraduate studies in literature, arts, and philosophy at the Pontifical Catholic University of Rio Grande do Sul and is a reporter for Revista Oeste in São Paulo, where she writes about Brazil, politics, and international affairs.
TL;DR
- Petrobras stocks dropped nearly 14% in the first four trading days of the week of November 6, 2026, its worst weekly performance since February 2021.
- The decline is attributed to falling Brent oil prices and diplomatic progress between the US and Iran.
- Despite the recent fall, shares remain above pre-Middle East conflict levels.
- Market capitalization also decreased but remains above previous levels.
- Analysts project a recovery based on increased production, exploration, and positive financial results.
- The company is expected to report strong Q3 earnings, revenue, and EBITDA.
- Positive cash flow generation supports expectations for substantial dividend distributions.