March arabica coffee (KCH26) on Wednesday closed down -8.45 (-2.66%), and March ICE robusta coffee (RMH26) closed down -49 (-1.29%). Coffee prices extended their week-long plunge on Wednesday, with arabica falling to a 5.75-month low and robusta posting a 6-week low. Coffee prices have been under pressure over the past week on an improving supply outlook. Above-average rainfall in Brazil has eased...
March arabica coffee (KCH26) on Wednesday closed down -8.45 (-2.66%), and March ICE robusta coffee (RMH26) closed down -49 (-1.29%). Coffee prices extended their week-long plunge on Wednesday, with arabica falling to a 5.75-month low and robusta posting a 6-week low. Coffee prices have been under pressure over the past week on an improving supply outlook. Above-average rainfall in Brazil has eased dryness concerns and is weighing on coffee prices. Somar Meteorologia reported on Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 69.8 mm of rain during the week ended January 30, or 117% of the historical average. Don’t Miss a Day: Ample coffee supplies are a bearish factor for prices. On December 4, Conab, Brazil's crop forecasting agency, raised its total Brazil 2025 coffee production estimate by 2.4% to 56.54 million bags, from a September estimate of 55.20 million bags. Soaring coffee exports from Vietnam, the world's largest robusta producer, are bearish for robusta prices. Vietnam's National Statistics Office reported on January 5 that Vietnam's 2025 coffee exports jumped by +17.5% y/y to 1.58 MMT. Increased Vietnamese coffee supplies are negative for prices. Vietnam's 2025/26 coffee production is projected to climb +6% y/y to 1.76 MMT, or 29.4 million bags, a 4-year high. Also, the Vietnam Coffee and Cocoa Association (Vicofa) said on October 24 that Vietnam's coffee output in 2025/26 will be 10% higher than the previous crop year if weather conditions remain favorable. Vietnam is the world's largest producer of robusta coffee. The recovery in ICE coffee inventories is negative for prices. ICE-monitored arabica inventories fell to a 1.75-year low of 396,513 bags on November 18, but recovered to a 3.25-month high of 461,829 bags on January 7. Also, ICE robusta coffee inventories fell to a 13-month low of 4,012 lots on December 10 but recovered to a 2-month high of 4,662 lots last Monday. Shrinking Brazilian coffee exports are support...
Coherent press release ( COHR ): Q2 Non-GAAP EPS of $1.29 beats by $0.08 . Revenue of $1.69B (+17.4% Y/Y) beats by $50M . Revenue for the third quarter of fiscal 2026 is expected to be between $1.70 billion and $1.84 billion vs $1.71B consensus Gross margin percentage for the third quarter of fiscal 2026 is expected to be between 38.5% and 40.5% on a non-GAAP basis. Total operating expenses for th...
Coherent press release ( COHR ): Q2 Non-GAAP EPS of $1.29 beats by $0.08 . Revenue of $1.69B (+17.4% Y/Y) beats by $50M . Revenue for the third quarter of fiscal 2026 is expected to be between $1.70 billion and $1.84 billion vs $1.71B consensus Gross margin percentage for the third quarter of fiscal 2026 is expected to be between 38.5% and 40.5% on a non-GAAP basis. Total operating expenses for the third quarter of fiscal 2026 are expected to be between $320 million and $340 million on a non-GAAP basis. Tax rate for the third quarter of fiscal 2026 is expected to be between 18% and 20% on a non-GAAP basis. EPS for the third quarter of fiscal 2026 is expected to be between $1.28 and $1.48 on a non-GAAP basis vs $1.32 consensus Shares -39% . More on Coherent Steven Cress' Top 10 Stocks For 2026 Why I'm Bullish On Coherent Coherent: Very High Return Since July But Here Is Why I Pass Today Coherent Q2 2026 Earnings Preview Coherent, Ciena, Lumentum viewed favorably in optical networking space: Oppenheimer
Golub Capital BDC press release ( GBDC ): FQ1 Net investment income per share of $0.37 Earnings per share for the quarter ended December 31, 2025 was $0.25 as compared to $0.36 for the quarter ended September 30, 2025. Adjusted Earnings Per Share 1 for the quarter ended December 31, 2025 was $0.25 as compared to $0.36 for the quarter ended September 30, 2025. Net asset value (“NAV”) per share decr...
Golub Capital BDC press release ( GBDC ): FQ1 Net investment income per share of $0.37 Earnings per share for the quarter ended December 31, 2025 was $0.25 as compared to $0.36 for the quarter ended September 30, 2025. Adjusted Earnings Per Share 1 for the quarter ended December 31, 2025 was $0.25 as compared to $0.36 for the quarter ended September 30, 2025. Net asset value (“NAV”) per share decreased to $14.84 at December 31, 2025 from $14.97 at September 30, 2025. Total investment income of $207.01M More on Golub Capital BDC Golub Capital: Why I Believe A 25%-35% Dividend Cut Is Coming (Rating Downgrade) Golub Capital: Moment To Sell Before Dividend Cut And NAV Erosion Golub Capital: Get Paid 11% Owning Private Credit Golub Capital BDC FQ1 2026 Earnings Preview What's in store for BDCs in 2026?
Senate Banking Committee Chair Tim Scott indicated Wednesday that he expects the Department of Justice will resolve its criminal probe of current Federal Reserve chief Jerome Powell, clearing a path for the panel to advance President Donald Trump’s nominee for the top Fed job, Kevin Warsh.
Senate Banking Committee Chair Tim Scott indicated Wednesday that he expects the Department of Justice will resolve its criminal probe of current Federal Reserve chief Jerome Powell, clearing a path for the panel to advance President Donald Trump’s nominee for the top Fed job, Kevin Warsh.
(RTTNews) - Align Technology Inc. (ALGN) reported a profit for its fourth quarter that Increases, from last year The company's earnings came in at $135.76 million, or $1.89 per share. This compares with $103.80 million, or $1.39 per share, last year. Excluding items, Align Technology Inc. reported adjusted earnings of $236.04 million or $3.29 per share for the period. The company's revenue for the...
(RTTNews) - Align Technology Inc. (ALGN) reported a profit for its fourth quarter that Increases, from last year The company's earnings came in at $135.76 million, or $1.89 per share. This compares with $103.80 million, or $1.39 per share, last year. Excluding items, Align Technology Inc. reported adjusted earnings of $236.04 million or $3.29 per share for the period. The company's revenue for the period rose 5.2% to $1.047 billion from $995.21 million last year. Align Technology Inc. earnings at a glance (GAAP) : -Earnings: $135.76 Mln. vs. $103.80 Mln. last year. -EPS: $1.89 vs. $1.39 last year. -Revenue: $1.047 Bln vs. $995.21 Mln last year. -Guidance: Next quarter revenue guidance: $ 1.010 B To $ 1.030 B The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Boot Barn press release ( BOOT ): Q3 GAAP EPS of $2.79 in-line. Revenue of $705.6M (+16.0% Y/Y) beats by $0.76M . More on Boot Barn Boot Barn: Impressive Results And Expansion Plans, But Richly Valued Boot Barn Q3 2026 Earnings Preview Boot Barn edges lower amid short call at Hedgeye Seeking Alpha’s Quant Rating on Boot Barn Historical earnings data for Boot Barn
Boot Barn press release ( BOOT ): Q3 GAAP EPS of $2.79 in-line. Revenue of $705.6M (+16.0% Y/Y) beats by $0.76M . More on Boot Barn Boot Barn: Impressive Results And Expansion Plans, But Richly Valued Boot Barn Q3 2026 Earnings Preview Boot Barn edges lower amid short call at Hedgeye Seeking Alpha’s Quant Rating on Boot Barn Historical earnings data for Boot Barn
If you have a lucky lady in your life – be it a partner or a family member – you’ve probably racked your brain trying to find her the perfect gift for a birthday, special occasion or holiday like Valentine’s Day. Maybe you’re minutes from giving up and buying that tried-and-true beauty product she already orders on repeat, or you’re eyeing yet another fleece throw to pile on the couch. Don’t do it...
If you have a lucky lady in your life – be it a partner or a family member – you’ve probably racked your brain trying to find her the perfect gift for a birthday, special occasion or holiday like Valentine’s Day. Maybe you’re minutes from giving up and buying that tried-and-true beauty product she already orders on repeat, or you’re eyeing yet another fleece throw to pile on the couch. Don’t do it. Remove from cart. Let us help you find something a little more out of the (gift) box. The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. To shop for your favorite woman, think about what she already uses and what she has mentioned wanting in from time to time. Proving you actually listen will score you some points. For a little inspiration to get those gift-giving wheels turning again, we tapped several women for the best gifts they’ve ever received. From splurge-worthy tech to a luxurious scent that will transport her to a blissful place in the dead of winter, these gift ideas for her strike a balance between practical and sentimental. Valentine’s Day home gift ideas If she loves a signature scent Hotel Lobby Holiday Soy Wax Candle Hotel Lobby Holiday Soy Wax Candle $58 $58 at Hotel Lobby Photograph: Courtesy of Hotel Lobby From $58 at Hotel Lobby Get her space smelling like a boutique hotel with a festive and display-worthy candle from Hotel Lobby. The site offers a variety of scents, including Fifth Avenue (dark amber, caramelized pralines, oud and cherry blossoms) and Needlepoint (blush peony, antique rose, vintage lipstick and silk musk). “This candle is a holiday must for me, and I like it so much I’ve gifted it to friends. It’ll make your house smell divine,” says Ayana Lage, a writer, discussing the Holiday scented candle she received. “I burn it year-round.” Hotel Lobby Holiday Soy Wax Candle $58 $58 at Hotel Lobby If she has an open table If she has a cozy spirit If she loves romance Lo...
00:00 Speaker A Well, Alphabet fourth quarter earnings just crossing the wire here. Let's get you those results. Uh Q4 operating income, 35.93 billion. The street was closer to 36.95 billion. 00:10 Speaker A Top line, 113.83 billion in revenue versus an estimate of 111.4 billion. I'm just looking for revenue X Tac. There it is, 97.23 billion. The street was at 95.17 billion. 00:22 Speaker A Ad rev...
00:00 Speaker A Well, Alphabet fourth quarter earnings just crossing the wire here. Let's get you those results. Uh Q4 operating income, 35.93 billion. The street was closer to 36.95 billion. 00:10 Speaker A Top line, 113.83 billion in revenue versus an estimate of 111.4 billion. I'm just looking for revenue X Tac. There it is, 97.23 billion. The street was at 95.17 billion. 00:22 Speaker A Ad revenue, that looks better than expected. 82.28 billion. The street was closer to 80.9 80.89 billion there. Um, looking for Google Cloud, there it is where of course Google competes with Amazon and Microsoft. 00:34 Speaker A Google Cloud revenue, 17.66 billion. The estimate was actually 16.2 billion. And now for CAPEX, they see 2026 CAPEX. It looks like they're calling for between 175 to 185 billion. 00:46 Speaker A Per Bloomberg, the consensus on the street was more like close to 120 billion. and that perhaps explains the reason we're seeing a quick uh move lower here in the after hours by about 6%. 00:54 Speaker A Remember, of course, expectations for this stock sky high heading into this print. I mean, this stock was up um around 80% in just the past six months. Um, investors had decided this one was an AI winner. 01:04 Speaker A It was remarkable change in the story for Google in that a year ago, if we were talking, all the talk was here comes Sam Altman, here comes Open AI, and what that means in terms of Google search. 01:13 Speaker A Google hit right back with Gemini, Gemini Gemini AI models with uh AI overviews and investors piled in uh and rewarded them for that. But now we see a quick drawdown in the after hours perhaps on that CAPEX number. Again, they're calling for 2026 CAPEX. 01:28 Speaker A Company saying 175 to 185 billion. This street had models closer to about 120 billion.
From indestructible wallets to Crocs (yes, Crocs), we rounded up the best guy-approved Valentine’s Day gifts they won’t know how they lived without 26 sentimental and practical US Valentine’s Day gifts for her in 2026 Sign up for the Filter US newsletter, your weekly guide to buying fewer, better things Whether you have been together for years or just made it official, one thing remains certain: h...
From indestructible wallets to Crocs (yes, Crocs), we rounded up the best guy-approved Valentine’s Day gifts they won’t know how they lived without 26 sentimental and practical US Valentine’s Day gifts for her in 2026 Sign up for the Filter US newsletter, your weekly guide to buying fewer, better things Whether you have been together for years or just made it official, one thing remains certain: he is going to claim he doesn’t need anything . But secretly, he will appreciate a really good Valentine’s Day gift. Many men in our lives default to what they have always used and loved, from threadbare T-shirts to melted spatulas. (And if that’s you too, we won’t judge if you peek at this list for yourself.) When thinking of a present for your go-to guy, prioritize the gift of novelty. Introduce him to a new gadget he hasn’t thought of. Show him that it’s OK to cry with a personalized keepsake commemorating your shared history. Introduce a little color into his life if his year has been a bit bleak. Continue reading...
(RTTNews) - PTC Inc. (PMTC) reported a profit for its first quarter that Increases, from last year The company's earnings came in at $166.51 million, or $1.39 per share. This compares with $82.23 million, or $0.68 per share, last year. Excluding items, PTC Inc. reported adjusted earnings of $230.67 million or $1.92 per share for the period. The company's revenue for the period rose 21.4% to $685.8...
(RTTNews) - PTC Inc. (PMTC) reported a profit for its first quarter that Increases, from last year The company's earnings came in at $166.51 million, or $1.39 per share. This compares with $82.23 million, or $0.68 per share, last year. Excluding items, PTC Inc. reported adjusted earnings of $230.67 million or $1.92 per share for the period. The company's revenue for the period rose 21.4% to $685.82 million from $565.12 million last year. PTC Inc. earnings at a glance (GAAP) : -Earnings: $166.51 Mln. vs. $82.23 Mln. last year. -EPS: $1.39 vs. $0.68 last year. -Revenue: $685.82 Mln vs. $565.12 Mln last year. -Guidance: Next quarter EPS guidance: $ 1.93 To $ 2.54 Next quarter revenue guidance: $ 710 M To $ 770 M The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - Pinterest (PINS) has dismissed several engineers after they built an internal tool designed to track job cuts, drawing a sharp response from CEO Bill Ready as the company pushes through a broader restructuring. The action followed Pinterest's announcement that it would reduce its workforce by less than 15% and scale back office space, part of a plan to redirect resources toward artific...
(RTTNews) - Pinterest (PINS) has dismissed several engineers after they built an internal tool designed to track job cuts, drawing a sharp response from CEO Bill Ready as the company pushes through a broader restructuring. The action followed Pinterest's announcement that it would reduce its workforce by less than 15% and scale back office space, part of a plan to redirect resources toward artificial intelligence initiatives. After the layoffs were disclosed, employees sought more clarity on which teams were affected and whether further cuts were planned. According to people familiar with the situation, a small group of engineers created custom software to estimate the scope of the layoffs by accessing confidential internal data. Pinterest said the tool improperly identified affected employees and was shared more widely, violating company policy and employee privacy. The company confirmed the incident but did not specify how many staff were terminated. Ready defended the decision at an all-hands meeting, stressing that while debate is welcome, actions that undermine company direction are not. He said detailed layoff information would be handled at the team level to protect privacy and urged employees who fundamentally disagreed with Pinterest's strategy to consider opportunities elsewhere. The episode comes as Pinterest faces mounting pressure to accelerate its AI investments while competing with larger tech platforms for users and advertising dollars. With slowing ad growth and ongoing industry-wide job cuts, the company's leadership framed the firings as part of maintaining focus and alignment during a critical period of transition. PINS currently trades at $19.96 or 3.92% lower on the NYSE. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Snap press release ( SNAP ): Q4 GAAP EPS of $0.03 beats by $0.06 . Revenue of $1.72B (+10.3% Y/Y) beats by $20M . More on Snap Snap's Snapback Moment Is Coming Snap: Perplexity Partnership Is Another Step Away From The Core Snapchat: Perplexity Partnership Is Why I Refuse To Sell Snap Q4 2025 earnings preview; Stock down ahead of results Earnings week ahead: AMZN, GOOG, PLTR, AMD, PFE, DIS, PYPL, ...
Snap press release ( SNAP ): Q4 GAAP EPS of $0.03 beats by $0.06 . Revenue of $1.72B (+10.3% Y/Y) beats by $20M . More on Snap Snap's Snapback Moment Is Coming Snap: Perplexity Partnership Is Another Step Away From The Core Snapchat: Perplexity Partnership Is Why I Refuse To Sell Snap Q4 2025 earnings preview; Stock down ahead of results Earnings week ahead: AMZN, GOOG, PLTR, AMD, PFE, DIS, PYPL, ABBV, QCOM, SMCI, MRK, PEP, UBER, PM, and more
More on Alphabet Alphabet And Amazon Earnings Previews: What's Happening To Margins? Alphabet Q4 Earnings Preview: Can AI And Cloud Momentum Sustain The $4 Trillion Valuation? Alphabet's YouTube Is A Behemoth That Stands On Its Own Anthropic takes shot at OpenAI, says Claude will remain 'ad-free' Google Gemini shows 'no signs of slowing,' as BNP's AI tracker sees momentum
More on Alphabet Alphabet And Amazon Earnings Previews: What's Happening To Margins? Alphabet Q4 Earnings Preview: Can AI And Cloud Momentum Sustain The $4 Trillion Valuation? Alphabet's YouTube Is A Behemoth That Stands On Its Own Anthropic takes shot at OpenAI, says Claude will remain 'ad-free' Google Gemini shows 'no signs of slowing,' as BNP's AI tracker sees momentum
(RTTNews) - After weighing on the markets during Tuesday's session, technology stocks showed another significant move to the downside during trading on Wednesday. The tech-heavy Nasdaq slumped to its lowest closing level in over a month after flirting with its record highs just a week. The Nasdaq ended the day off its lows of the session but still tumbled 350.61 points or 1.5 percent to 22,904.58....
(RTTNews) - After weighing on the markets during Tuesday's session, technology stocks showed another significant move to the downside during trading on Wednesday. The tech-heavy Nasdaq slumped to its lowest closing level in over a month after flirting with its record highs just a week. The Nasdaq ended the day off its lows of the session but still tumbled 350.61 points or 1.5 percent to 22,904.58. The S&P 500 also slid 35.09 points or 0.5 percent to 6,882.72, while the narrower Dow climbed 260.31 points or 0.5 percent to 49,501.30. The advance by the Dow came amid a sharp increase by shares of Amgen (AMGN), as the biotech company spiked by 8.2 percent after reporting better than expected fourth quarter results. 3M (MMM) and Nike (NKE) also surged by more than 5 percent, contributing to the rebound by the blue chip index. Meanwhile, traders continued to rotate out of the tech sector, with semiconductor stocks showing a substantial move to the downside. The Philadelphia Semiconductor Index plunged by 4.4 percent, pulling back further off the record closing high set last Thursday. Advanced Micro Devices (AMD) helped lead the sector lower, plummeting by 17.3 percent after reporting better than expected fourth quarter results but providing first quarter guidance that disappointed some analysts. Computer hardware and networking stocks also saw considerable weakness, resulting in the steep drop by the Nasdaq. On the other hand, pharmaceutical stocks saw significant strength on the day, driving the NYSE Arca Pharmaceutical Index up by 3.1 percent. Energy, housing and airline stocks also moved notably higher, helping to partly offset the weakness in the tech sector. In U.S. economic news, payroll processor ADP released a report showing private sector employment in the U.S. increased by much less than expected in the month of January. ADP said private sector employment rose by 22,000 jobs in January after climbing by a downwardly revised 37,000 jobs in December. Economists ha...
Seeking Alpha More on Qualcomm Qualcomm Looks Cheap: The Next Guidance Could Make It Way Cheaper Qualcomm: Ignored Personal AI Boom Qualcomm: Underperforming Its Peers But Still Warrants Positive Attention Qualcomm crashes amid weak Q2 guidance Apple call provides insight into non-AI memory market: Kuo
Seeking Alpha More on Qualcomm Qualcomm Looks Cheap: The Next Guidance Could Make It Way Cheaper Qualcomm: Ignored Personal AI Boom Qualcomm: Underperforming Its Peers But Still Warrants Positive Attention Qualcomm crashes amid weak Q2 guidance Apple call provides insight into non-AI memory market: Kuo
MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Wednesday reported fourth-quarter earnings of $34.46 billion. The Mountain View, California-based company said it had net income of $2.82 per share. The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share. The intern...
MOUNTAIN VIEW, Calif. (AP) — MOUNTAIN VIEW, Calif. (AP) — Alphabet Inc. (GOOGL) on Wednesday reported fourth-quarter earnings of $34.46 billion. The Mountain View, California-based company said it had net income of $2.82 per share. The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share. The internet search leader posted revenue of $113.83 billion in the period. After subtracting Alphabet's advertising commissions, revenue was $97.23 billion, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $94.79 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GOOGL at https://www.zacks.com/ap/GOOGL
STORY: Software stocks have been under pressure in recent months as AI has gone from being a tailwind for many of these companies to investors worrying about the disruption it will cause to some sectors. The latest selloff was triggered by a new legal tool from Anthropic's Claude large language model (LLM). "So one of the big questions amidst the AI boom has been, what is going to be the primary u...
STORY: Software stocks have been under pressure in recent months as AI has gone from being a tailwind for many of these companies to investors worrying about the disruption it will cause to some sectors. The latest selloff was triggered by a new legal tool from Anthropic's Claude large language model (LLM). "So one of the big questions amidst the AI boom has been, what is going to be the primary use of AI?" Mayfield explained. One answer, he said, is that "AI can enable non-coders to write code," which has resulted in "some really impressive co-working AI software" that has "put a fear into the businesses whose model is writing that code for enterprises." Those companies have "some of the biggest stocks in the world," Mayfield added, naming Microsoft, Adobe and ServiceNow as examples.
On Wednesday, Anthropic announced that its AI chatbot, Claude, will remain free of advertisements, drawing a sharp line between itself and rival OpenAI, which began testing ads in a low-cost tier of ChatGPT last month. The announcement comes alongside a Super Bowl ad campaign that mocks AI assistants that interrupt personal conversations with product pitches. "There are many good places for advert...
On Wednesday, Anthropic announced that its AI chatbot, Claude, will remain free of advertisements, drawing a sharp line between itself and rival OpenAI, which began testing ads in a low-cost tier of ChatGPT last month. The announcement comes alongside a Super Bowl ad campaign that mocks AI assistants that interrupt personal conversations with product pitches. "There are many good places for advertising. A conversation with Claude is not one of them," Anthropic wrote in a blog post. The company argued that including ads in AI conversations would be "incompatible" with what it wants Claude to be: "a genuinely helpful assistant for work and for deep thinking." The stance contrasts with OpenAI's January announcement that it would begin testing banner ads for free users and ChatGPT Go subscribers in the US. OpenAI said those ads would appear at the bottom of responses and would not influence the chatbot's actual answers. Paid subscribers on Plus, Pro, Business, and Enterprise tiers will not see ads on ChatGPT. Read full article Comments
Joa_Souza/iStock Unreleased via Getty Images Brazil's ANP oil regulator has authorized Petrobras ( PBR ) to resume drilling activities at the environmentally sensitive Foz do Amazonas region, Reuters reported Wednesday, citing an internal document. Drilling was placed on hold by ANP last month after a synthetic fluid leaked from auxiliary lines connecting Petrobras' ( PBR ) drilling rig to a plann...
Joa_Souza/iStock Unreleased via Getty Images Brazil's ANP oil regulator has authorized Petrobras ( PBR ) to resume drilling activities at the environmentally sensitive Foz do Amazonas region, Reuters reported Wednesday, citing an internal document. Drilling was placed on hold by ANP last month after a synthetic fluid leaked from auxiliary lines connecting Petrobras' ( PBR ) drilling rig to a planned well located off the coast of Brazil's Amazonian state of Amapa. The leak alarmed activists and local indigenous groups that have long warned of the impact oil exploration could have on the region's marine and coastal ecosystems. Petrobras ( PBR ) has spent years trying to obtain a license to drill in the region, considered to be its most promising oil frontier due to its shared geology with nearby Guyana, where Exxon is tapping into vast oil fields. More on Petrobras Venezuela Catalysts Can Benefit Suncor Energy More Than Petrobras Petrobras Oversupply And Venezuela Fears Trigger Richer Dividend Yields, Despite Risks Petrobras: Still The Cleanest Way To Position For Oil Downside -- Even After Venezuela