One of the world's more intriguing and recently successful oil companies, Petroleo Brasileiro -- better known as Petrobras
Petrobras, the national oil company of Brazil and recently the toast of the oceans for its string of deepwater oil discoveries, said its second-quarter profits increased by 29% to $5.46 billion. At the same time, its revenue rose 30% for the quarter.
As with other major oil companies, including ExxonMobil
From my perspective, Petrobras, which also announced Monday that it will spend about $400 million for Exxon's stake in Esso Chile Petrolera's distribution assets, merits ongoing attention from Foolish investors. In an effort to expand on its recent success in its deepwater, the company is locking up rig deals left and right with the likes of Transocean
Of the Motley Fool CAPS players who rate Petrobras, 98% are high on the company. What's your opinion?
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Fool contributor David Lee Smith doesn't own shares in any of the companies mentioned above. He does welcome your questions or comments. Petrobras is an Income Investor recommendation. The Fool has discovered a major disclosure policy.