A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019.

Source: https://biztoc.com/x/90caf2ea118c2276?ref=ff

As such, investors must wonder whether this could start a downward spiral as Lula makes his mark against Petrobras dividend investors?

Source: https://seekingalpha.com/article/4584670-petrobras-mispriced-doom-and-gloom-lula-story?source=feed_all_articles

Brazil's state-run oil company, Petrobras, dropped over 6% after Lula signed a decree on Sunday extending for 60 days the exemption from federal fuel taxes, a measure already approved under Jair Bolsonaro to curb prices at pumps.

Source: https://en.mercopress.com/2023/01/03/brazil-us-dollar-goes-up-on-lula-s-first-working-day?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

Cambridge Investment Research Advisors Inc. bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 1st quarter valued at about $801,000.

Source: https://www.etfdailynews.com/2023/04/09/harel-insurance-investments-financial-services-ltd-has-53000-position-in-petroleo-brasileiro-s-a-petrobras-nysepbr/

Citigroup lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $14.00 in a research note on Thursday, August 10th.

Source: https://www.etfdailynews.com/2023/12/03/driehaus-capital-management-llc-purchases-shares-of-2571162-petroleo-brasileiro-s-a-petrobras-nysepbr/

Compared with Petrobras, both are currently valued almost equally.

Source: https://seekingalpha.com/article/4613469-ecopetrol-stock-dont-chase-yield-too-much-risk?source=feed_all_articles

Conversely, Petrobras owns 47% of the voting capital and 36.1% of the total capital.

Source: https://seekingalpha.com/article/4657715-braskem-stock-esg-challenges-take-center-stage-in-the-investment-thesis?source=feed_all_articles

Keep in mind that Petrobras had been offering three years of firm employment plus an option for another three years.

Source: https://seekingalpha.com/article/4580923-transocean-q4-earnings-post-earnings-sell-off-provides-buying-opportunity?source=feed_all_articles

Meanwhile, Brazil’s state-run Petrobras company has been seeking to explore oil near the mouth of the Amazon River.

Source: https://www.euronews.com/2023/08/09/amazon-nations-seek-common-voice-on-climate-change-urge-action-from-industrialized-world

Moreover, there may be some direct taxes on Petrobras' windfalls and general business under the Lula administration.

Source: https://seekingalpha.com/article/4573286-brzu-requires-caution-on-political-risks?source=feed_all_articles

Nikko Asset Management Americas Inc. lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 2.6% in the 2nd quarter.

Source: https://www.etfdailynews.com/2023/02/03/creative-planning-buys-19165-shares-of-petroleo-brasileiro-s-a-petrobras-nysepbr/

Petrobras continues to trade at a substantial discount as a result of the risks faced by the Brazilian government.

Source: https://seekingalpha.com/article/4570145-petrobras-invest-in-stock-brazil-volatility?source=feed_all_articles

Petroleo Brasileiro S.A. - Petrobras () netted $539.97 based on the median of target prices estimated by 9 analysts, plus estimated dividends, less broker fees.

Source: https://seekingalpha.com/article/4638308-50-large-cap-high-yield-stocks-for-october?source=feed_all_articles

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Holdings Raised by Financial Counselors Inc.

Source: https://www.americanbankingnews.com/2023/01/17/cantor-fitzgerald-downgrades-oramed-pharmaceuticals-nasdaqormp-to-neutral.html

's options scanner spotted 16 uncommon options trades for Petrobras Brasileiro.

Source: https://www.benzinga.com/markets/options/23/06/33083904/this-is-what-whales-are-betting-on-petrobras-brasileiro

Speaking here on Saturday, Environment Minister Marina Silva said Ibama would study Petrobras' new request to install a drilling rig off the coast of Amapá to explore for oil in the area where the Amazon river waters enter the Atlantic.

Source: https://www.marketscreener.com/quote/commodity/WTI-2355639/news/Protesters-oppose-Petrobras-oil-exploration-plan-at-mouth-of-Amazon-river-44532485/?utm_medium=RSS&utm_content=20230806

The Brazilian government's controlling stake in Petrobras and the election of President Lula da Silva, who plans to use Petrobras for national development, pose a political risk.

Source: https://seekingalpha.com/article/4584778-the-new-old-government-is-bad-news-for-petrobras?source=feed_all_articles

The Brazilian government's controlling stake in Petrobras and the election of President Lula da Silva, who plans to use Petrobras for national development, pose a political risk.

Source: https://seekingalpha.com/article/4584778-the-new-old-government-is-bad-news-for-petrobras?source=feed_all_articles

UBS Group raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.10 to $17.50 in a research note on Thursday, August 24th.

Source: https://www.americanbankingnews.com/2023/11/12/petroleo-brasileiro-s-a-petrobras-nysepbr-stock-holdings-boosted-by-truist-financial-corp.html