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. Degree Of Financial Leverage - DFL

    A ratio that measures the sensitivity of a company’s earnings per share (EPS) to fluctuations in its operating income, as a result of changes in its capital structure. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in earnings before interest and taxes (EBIT).
  2. Jeff Bezos

    Self-made billionaire Jeff Bezos is famous for founding online retail giant Amazon.com.
  3. Re-fracking

    Re-fracking is the practice of returning to older wells that had been fracked in the recent past to capitalize on newer, more effective extraction technology. Re-fracking can be effective on especially tight oil deposits – where the shale products low yields – to extend their productivity.
  4. TIMP (acronym)

    'TIMP' is an acronym that stands for 'Turkey, Indonesia, Mexico and Philippines.' Similar to BRIC (Brazil, Russia, India and China), the acronym was coined by and investor/economist to group fast-growing emerging market economies in similar states of economic development.
  5. Pension Risk Transfer

    When a defined benefit pension provider offloads some or all of the plan’s risk – e.g.: retirement payment liabilities to former employee beneficiaries. The plan sponsor can do this by offering vested plan participants a lump-sum payment to voluntarily leave the plan, or by negotiating with an insurance company to take on the responsibility for paying benefits.
  6. XW

    A symbol used to signify that a security is trading ex-warrant. XW is one of many alphabetic qualifiers that act as a shorthand to tell investors key information about a specific security in a stock quote. These qualifiers should not be confused with ticker symbols, some of which, like qualifiers, are just one or two letters.
Trading Center