Initiating Coverage Of Petrobras: $17 Trefis Price Estimate

The Brazilian multinational energy giant is one of the largest companies in Latin America by annual sales revenue. Its operations account for a large majority of the total oil and gas production in Brazil. Last year, Petrobras? average daily oil production in Brazil was 1,931.4 thousand barrels per day, an estimated 90.9% of Brazil's total oil production.