Company Background According to Reuters (n.d.), Petrobras is the Brazilian oil and gas company that was founded in 1953 to engage in the exploration, production, refining, and transport of domestic petroleum and petroleum products. Originally a state-owned monopoly, Petrobras became majority-owned by the state but competes against other Brazilian companies as well as against foreign companies. Petrobras also forms partnerships with domestic and foreign companies, and is present on four continents
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Transforming a Brazilian National Champion into the World’s Leading Energy Exploration and Production Company Team 5: Todd Anderson Guy Gresham Gopinath Polavarapu Heraclio Rojas Alina Shastun Who is Petrobras? Background: • • • • Brazil’s national oil company and the largest in Latin America Petrobras accounts for 95% of Brazil’s national oil and gas production Ownership – Government (64%) and Private Sector Market Capitalization – fifth largest publicly traded energy company in the world Current
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Friday, Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) set a new record low for its share price in more than a decade, which saw its stock ranging between $9.51-$10.04. Petrobras stock tumbled 2.5% Friday on New York Stock Exchange (NYSE). The yield on its bonds surged sharply upwards. The Brazilian real hit its lowest in nine years. Disappointed investors and mutual funds agencies The current President Dilma Rousseff, who was the chief executive of Petrobras before taking the presidential
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products are starting to have a leading role in the world’s energy matrix and in the international fuel market. Thanks to its climate, geography, vast areas available for cultivating grain and sugar cane and, also, the high technology developed by Petrobras, in the past few years Brazil has become, in world terms, one of the largest producers of biofuels, with a singular and enviable potential Presentation for growth. Currently, nine out of ten cars sold in Brazil have flex fuel engines, that
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Table of Contents Case 1 Petrobras 3 Case 2 Mattel Toxic Toys – Dangerous Play 3 Case 3 Discrimination in sports – «Williams Brothers» 5 References 5 Introduction In this essay I want to analyse three cases, connected with unethical behaviour in Business. First two cases cover company-wide wrongdoings in big and well-known companies, as Petrobras and Mattel. And the third one is individual-wide case about gender discrimination in sport. Thus, according to these three cases, importance of ethics
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corruption affect Petrobras: Petroleo Brasileiro S.A. is a Brazilian based multinational company that explores, produce, transports, distributes oil and natural gas. Petrobras owns and operates biofuel, oil tankers, fertilizer plants and distribution pipelines across Brazilian territory. Petrobras is one of the largest producers of oil in the world and the biggest company in South America (employs over 80 thousand people) with a market value above $30billion. Most importantly, Petrobras has more than
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10 AM Product/Service of Business: Petrobras is the fourth largest company in the world and the largest in the Southern Hemisphere. It has control over significant oil and energy assets in 18 countries in Africa, North America, South America, Europe and Asia. It carries 11.7 billion barrels of oil making it the fourth biggest oil reserves among petrochemical companies. This is before the recent discoveries in four new locations. Petrobras sponsors a few things: The Ministry of Mines and
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Inside Petrobras, opinion on how to respond to Ecuador’s actions was divided. One group was inclined to rely on the Brazilian government to assist in fashioning a broader political solution, similar to what happened in 2006 in response to the Bolivian government’s changes to Petrobras’s gas exploration and development contracts with that country. Another group advocated that, as a public company, Petrobras should act accordingly and seek compensation through international arbitration, perhaps at
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PETROLEUM IN BRAZIL: Petrobras, Petro-Sal, Legislative Changes & the Role of Foreign Investment ANDREW D. FISHMAN George Washington University Washington, DC 20052 (860) 690 - 7553 AFishman11@Gmail.com Introduction On November 8, 2007, the state-owned Petróleo Brasileiro S/A (Petrobras) announced that it had discovered a “monstrous” reserve of light oil in the Tupi field of the Santos basin, off the coast of southern Brazil. A day later it removed 41 adjacent exploration blocks from a scheduled
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The Brazilian Federal Data Processing Service Michael La Motte CIS 512 Dr. Robert Culver Strayer University 01/13/15 There where news that government officials and Petrobras, Brazil national oil company, have been targeted of electronic spying by the NSA and other agencies, based on the documents leaked by former NSA contractor Edward Snowden. Brazil’s President Dilma Rousseff consider this action a breach of international law and the Brazilian Federal Data Processing Service known as Serpro
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