• Categories
  • Archives

Brazil’s Petrobras Pushes Past Microsoft to Become Third in the Americas

Platform 54 of Brazil's Petrobras Brazil's state-controlled oil multinational Petrobras has overcome Microsoft to become the third largest company by market value in the Americas, according to a report by Economática, a consultancy company, which has just listed the region's 50 most valuable concerns.

As of Friday, May 16, Petrobras stocks were estimated at US$ 287.17 billion while Microsoft shares were valued at US$ 279.3 billion. Exxon Mobil comes first in the ranking with a US$ 489.64 billion value followed by General Electric worth US$ 320.25 billion.

Another Brazilian firm, the mining company Vale, also got a place among the ten biggest coming in 9th place and estimated to be worth US$ 196.49 billion. Another Brazilian firm in the 50-biggest list is Banco Bradesco, which appears in 43th place with a value of US$ 67.2 billion.

On Friday, Petrobras' preferential share was being sold at 48.15 Brazilian reais, (US$ 29.21) while the ordinary one was worth 57.90 reais (US$ 35.13), compared to Microsoft's US$ 29.99 per share.

In the last 12 months, Petrobras shares went up 110%, while the Microsoft stocks suffered a 3.5% devaluation. Petrobras's increased value followed the announcement of a series of oil field discoveries.

On November 7, right before Petrobras announced that its Tupi oil field had reserves estimated in 5 to 8 billion barrels, the oil company's shares were selling for 34.90 reais (US$ 21.17). They have gone up 38% since then. Petrobras stocks grew 68% in the last 12 months.

The only Latin American company to appear in the Economática list besides the Brazilian ones is Mexican firm America Móvil, which shows up in 29th position with a US$ 99 billion value.

According to data compiled by Bloomberg, Petrobras passed Microsoft Corp. and Industrial & Commercial Bank of China Ltd. becoming the world's sixth-largest company by market value.

Americas' 10 most valued companies:

1st – Exxon Mobil – US$ 489.640 billion
2nd – General Electric – US$ 320.253 billion
3rd – Petrobras, US$ 287.171 billion
4th – Microsoft – US$ 279.306 billion
5th – AT&T Telecommunications – US$ 238.056 billion
6th – Wal Mart Stores – US$ 225.562 billion
7th – Chevron Texaco – US$ 207.625 billion
8th – Procter & Gamble – US$ 203.787 billion
9th – Vale – US$ 196.495 billion
10th – Berkshire Hathaway – US$ 189.580 billion

Tags:

  • Show Comments (1)

  • ..

    Brazil’s Petrobras Pushes Past Microsoft to Become Third in the Americas
    I read a very interesting article in another thread that says:

    [quote]Brazil made an impression on the free software world during the past five years of President Luiz InÀƒ¡cio Lula da Silva’s administration by promoting a policy of migration to open source software for the government and state-owned industry.[/quote]

    Indeed our President has been a great leader in bringing about a quiet revolution in several areas like free software,alternative fuel, zero hunger, etc; Never before the history of our Republic have so many changes taken in such a short span of time.It is all very good.

    After reading this article, I am of the opinion that Petrobras should buy Microsoft as well as Yahoo. Our President can easily negotiate the deal. Can you imagine a merged company that consists of Petrobras-Microsoft-Yahoo?

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

28 Castrated Boys Will Receive US$ 219 a Month from Brazilian Government

The families of boys castrated in Maranhão, in northeastern Brazil, will each receive a ...

Best-seller Books, Plays and Movies

3 By Brazzil Magazine Plays, movies & best-seller books PLAYS RIO De Cabral a ...

Brazilian Congress Calls for Defense Minister’s Head Following Airports’ Chaos

Brazilians senators have transformed the Senate floor, this Wednesday, December 6, in a stage ...

Lula’s Rise in Popularity Doesn’t Offset Brazil’s Stock Market Losses

Brazilian stocks and those from Latin American in general retreated, as investors continued to ...

Brazilian Informal Economy Grows 9% and Brazil Doesn’t Know How to Deal with It

Brazil’s informal economy grew 9.1% between 1997 and 2003, according to the Brazilian Institute ...

UK Wants G8 to Be G13 with Brazil Included

UK Prime Minister Tony Blair is calling for the G8 group of industrialized nations ...

Ahmadinejad in Brazil to Erase Images of Iran’s Suspected Election Fraud

The president of Iran, Mahmoud Ahmadinejad, arrives this weekend in Brazilian capital BrasÀ­lia accompanied ...

US-made Corn Ethanol Is Not the Way to Go, Warns Brazil’s Lula

Once again Brazil's President, Luiz Inácio Lula da Silva, stressed the importance of the ...

Brazil’s Congress Back to Its US Parrot Role to Deride Chavez

Some legislative figures in Brazilian capital BrasÀ­lia, who at times apparently confuse their country ...

Brazil Workers Party’s Chief Calls Charges Against His Party Baseless

The president of the PT, Deputy Ricardo Berzoini, from São Paulo state, described as ...