José Dutra

Definition of 'José Dutra'


A former president and CEO of Brazilian oil company, Petrobrás. Dutra earned his degree in geology from the Universidade Federal Rural do Rio de Janeiro in 1979. The following year, he began his 15-year career as a geologist by working at Geologia Sondangens and then at Petrobrás Mineradora. He then joined Companhia Vale do Rio Doce and later spent eight years as a senator in the Brazilian Government before becoming head of Petrobrás.

Investopedia explains 'José Dutra'


Brazil's President, Luiz Inacio da Silva, appointed Dutra president and CEO of Petrobrás in 2003 because the government partially owned a share of the company and had the right to appoint its management. Dutra left his position in 2005, but after a failed senatorial bid in 2006, he returned as president of Petrobrás from 2007-2009. In 2010 he was elected to a two-year term as president of Brazil's Partido dos Trabalhadores (Workers Party).



comments powered by Disqus
Hot Definitions
  1. Federal Reserve Note

    The most accurate term used to describe the paper currency (dollar bills) circulated in the United States. These Federal Reserve Notes are printed by the U.S. Treasury at the instruction of the Federal Reserve member banks, who also act as the clearinghouse for local banks that need to increase or reduce their supply of cash on hand.
  2. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  3. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  4. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  5. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  6. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
Trading Center