Petrobras Experiences Significant Market Value Drop Following Leadership Change

Petrobras experienced a significant drop in market value following the unexpected resignation of its president. A new leader, formerly with the National Agency of Petroleum, Natural Gas, and Biofuels (ANP), was appointed. This change resulted in a loss of over R$35.5 billion ($6.89 billion) in market value in a single trading session. During the session, […]