In brief
Petrobras topped R$ 800 billion in market value.
BTGBTG PactualOrganizationLatin America's largest investment bank, listed on B3 as BPAC11, with asset management, credit, distressed asset recovery via Enforce and control of media outlets such as Exame and Money Times.Open in the Market Map ↗ overtook ValeValeOrganizationBrazil's largest miner and one of the world's top iron ore and nickel producers, listed on B3 as VALE3. Jointly responsible, with BHP, for Samarco and for the reparation commitments from the Fundão dam collapse in Mariana.Open in the Market Map ↗ in B3B3OrganizationOperator of Brazil's exchange and market infrastructure, listed as B3SA3. Revenue tracks traded volumes; tax and regulatory disputes (Carf, Cade) make up its contingent risk.Open in the Market Map ↗'s ranking.
What we know
05Verified fact · material
BTGBTG PactualOrganizationLatin America's largest investment bank, listed on B3 as BPAC11, with asset management, credit, distressed asset recovery via Enforce and control of media outlets such as Exame and Money Times.Open in the Market Map ↗ Pactual overtook ValeValeOrganizationBrazil's largest miner and one of the world's top iron ore and nickel producers, listed on B3 as VALE3. Jointly responsible, with BHP, for Samarco and for the reparation commitments from the Fundão dam collapse in Mariana.Open in the Market Map ↗ to become B3B3OrganizationOperator of Brazil's exchange and market infrastructure, listed as B3SA3. Revenue tracks traded volumes; tax and regulatory disputes (Carf, Cade) make up its contingent risk.Open in the Market Map ↗'s third most valuable company.
Ranking shift.
Verified fact
According to Exame and InfoMoney, with Elos Ayta data, BTGBTG PactualOrganizationLatin America's largest investment bank, listed on B3 as BPAC11, with asset management, credit, distressed asset recovery via Enforce and control of media outlets such as Exame and Money Times.Open in the Market Map ↗ was worth R$ 309.6 billion and ValeValeOrganizationBrazil's largest miner and one of the world's top iron ore and nickel producers, listed on B3 as VALE3. Jointly responsible, with BHP, for Samarco and for the reparation commitments from the Fundão dam collapse in Mariana.Open in the Market Map ↗ R$ 285.8 billion.
Ranking values.
Verified fact
According to O Globo, Petrobras' value rose R$ 100 billion in two weeks.
Pace of gains.
Sources[01]Verified fact
According to InfoMoney, B3B3OrganizationOperator of Brazil's exchange and market infrastructure, listed as B3SA3. Revenue tracks traded volumes; tax and regulatory disputes (Carf, Cade) make up its contingent risk.Open in the Market Map ↗ now has 12 companies worth more than R$ 100 billion.
Context.
Sources[05]
Transmission to assets
Market read-through
Petrobras widens its lead on the exchange with oil above US$ 100, while ValeValeOrganizationBrazil's largest miner and one of the world's top iron ore and nickel producers, listed on B3 as VALE3. Jointly responsible, with BHP, for Samarco and for the reparation commitments from the Fundão dam collapse in Mariana.Open in the Market Map ↗ loses ground to an investment bank.
Portfolio impact
01Record reflects high oil.
An oil drop would reverse it.
What would change the view: High Brent.
Direction is an explanatory hypothesis, not a forecast or recommendation.
Next signals
What to watch
- Brent price
- Third-quarter results of Petrobras, BTGBTG PactualOrganizationLatin America's largest investment bank, listed on B3 as BPAC11, with asset management, credit, distressed asset recovery via Enforce and control of media outlets such as Exame and Money Times.Open in the Market Map ↗ and ValeValeOrganizationBrazil's largest miner and one of the world's top iron ore and nickel producers, listed on B3 as VALE3. Jointly responsible, with BHP, for Samarco and for the reparation commitments from the Fundão dam collapse in Mariana.Open in the Market Map ↗
Limits of the reporting
What remains uncertain
- Market value moves with daily prices and the ranking can change every session.