On Thursday, Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR), gained 0.81% to $9.93. The company attained the volume of 32,127,029 shares as compared to its average daily volume of 46,186,600 shares yesterday.
Today, Petrobras will deliver first quarter earnings release.
Analysts are expecting the state-controlled company to earn 9 cents a share on revenue of $29.4 billion for the period, according to analysts surveyed by Thomson Reuters.
In the same quarter of last year, the company earned 68 cents per share on revenue of $34.51 billion.
Petrobras is at the center of Brazil’s biggest corruption and multibillion dollar money laundering scandal.
Over the past year, shares have plunged more than 36%.
Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets.
Shares of Citigroup Inc. (NYSE:C), inclined 0.74% to $54.60, during its last trading session.
Citigroup, has won four awards in the highly regarded Energy Risk annual awards, which were presented on May 12 at a dinner and ceremony in Houston, Texas. This is the first time any bank has won as many as four Energy Risk awards in a single year.
The Energy Risk awards celebrate excellence across global commodity markets. The four awards Citi won were for the 2015 commodity derivatives house of the year, oil and products house of the year, electricity house of the year and for deal of the year.
The winners of the Energy Risk awards were determined by editorial choice after a rigorous pitch submission and interview process lasting from February to May 2015. Particular attention was paid by the editors to first hand feedback from clients.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
At the end of Thursday’s trade, Shares of The Coca-Cola Company (NYSE:KO), gained 1.10% to $41.50.
The Coca-Cola Company, continues to accelerate the implementation of a 21st Century Beverage Partnership Model in the United States by signing Letters of Intent with two U.S. bottlers.
The Coca-Cola Company has agreed in principle to grant additional expanded territories to Coca-Cola Bottling Co. Merged, which will assume markets in Delaware, the District of Columbia, Illinois, Indiana, Kentucky, Maryland, North Carolina, Ohio, Pennsylvania, Virginia and West Virginia.
Additionally, The Coca-Cola Company has agreed in principle to grant expanded territories to a new expanding U.S. bottler, Clark Beverage Group, which will assume markets in Mississippi.
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages comprise nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters.
Finally, CEMEX, S.A.B. de C.V. (NYSE:CX), ended its last trade with 2.37% gain, and closed at $10.35.
CEMEX, declared that it is undertaking a new U.S.$300 million investment in the Philippines. The new investment will comprise the construction of a new 1.5-million-ton, integrated cement-production line at CEMEX’s Solid Plant in Luzon. This will double the capacity of the Solid plant and will represent a 25% enhance in the company’s cement capacity in the Philippines.
With the recent visit of Fernando A. Gonzalez, Chief Executive Officer of CEMEX and his executive team in the country, highlighted by a meeting with His Excellency President Benigno S. Aquino III, CEMEX emphasized its continued commitment to the growth of the country. “We see a positive outlook in the business environment and we are committed to be a reliable cement supplier given the growing need for high quality building materials required for public infrastructure, commercial projects, and housing,” said Fernando A. Gonzalez.
CEMEX, S.A.B. de C.V., a building materials company, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, and other construction materials in Mexico, the United States, Northern Europe, the Mediterranean, South America, the Caribbean, and Asia.
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