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Petrobras CEO offers resignation, U.S.-listed shares tumble

The chief executive of Brazilian state-run oil company Petrobras offered to step down on Tuesday, the company said, sending shares sliding as investors braced for the possibility of more political. ....

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Petrobras CEO Offers Resignation, U.S.-Listed Shares Tumble

Petrobras CEO Offers Resignation, U.S.-Listed Shares Tumble
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Analysis-In Petrobras Dividend Spat, CEO Navigates Lula's Divided Cabinet

Analysis-In Petrobras Dividend Spat, CEO Navigates Lula's Divided Cabinet
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In Petrobras dividend spat, CEO navigates Lula's divided cabinet

The fallout from a
missing Petrobras dividend may have shifted the
balance in a tug-of-war between the CEO of the state-run firm
and the energy minister holding sway over its board.
. ....

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Analysis-In Petrobras dividend spat, CEO navigates Lula's divided cabinet

The fallout from a missing Petrobras dividend may have shifted the balance in a tug-of-war between the CEO of the state-run firm and the energy minister holding sway over its board. Chief Executive Jean Paul Prates saw his proposal for an extraordinary dividend, widely expected by shareholders, go down in flames last Thursday, blocked by government-appointed board members. The next day Petrobras shares plunged more than 10%. ....

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