Petrobras: Brazil’s Oil Giant, Pits Huge Yield Against Rising Political Risk

Petróleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras, has long embodied a fundamental conflict for investors: the tension between world-class operational prowess and significant state intervention. As one of the planet's most efficient deep-water oil producers, its vast pre-salt fields generate immense cash flow. However, as a state-controlle…