This is Why Investors Should Exercise Caution With Petrobras

Energy stocks have had a rough ride lately. With concerns mounting over a global recession, oil demand expectations are under pressure—and prices have reflected that sentiment. Among the sector’s big names, Petrobras (PBR) has fallen more than 12% year to date, underperforming ExxonMobil (XOM) and Shell's (SHEL) 7.1% and 4.6% decline, respectively. While the entire sector has been challenged, Petrobras has drawn heightened investor scrutiny due to its state-controlled structure, macro headwinds, and currenc ...