Petrobras S.A. Sponsored ADR (PBR)
Petrobras to Transfer Minority Stake in Sergipe's Tartaruga Field
As a non-operated asset, PBR's decision to divest its stake in the Tartaruga field does not affect the company's existing operations in Sergipe.
Petrobras' 5-Year Plan Could Provide Strong Returns
Petrobras, with a $93 billion market cap, plans to spend more than its current value on capital expenditures, indicating strong long-term potential. The company's 5-year guidance plan emphasizes substantial investments while ensuring robust shareholder returns, showcasing its commitment to growth and value creation. Despite its undervaluation, Petrobras presents a compelling investment opportunity due to its strategic spending and promising financial outlook.
Petrobras: A Gift That Keeps On Giving - Rich Yields Remain Attractive
PBR remains a compelling investment due to its discounted valuations and rich forward dividend yields, outperforming many of its oil/ gas peers. While the moderating Brent oil spot prices and perceived risks tied to the state run status may pose headwinds, the rich dividend yields more than makes up for the risks. If anything, PBR has guided $200B in operating cash flow and substantial shareholder returns through 2029, with it further underscoring its viable dividend investment thesis.
Petrobras-Yara Partner to Revive Fertilizer Production in Brazil
PBR and Yara International join forces for domestic production of fertilizer ARLA 32, reducing dependency on imports.
Petrobras Plans Bold Return to Ethanol With Strategic Partnerships
PBR, in talks with Raizen, BP and Inpasa, plans to invest $2.2 billion in ethanol distilleries as part of its strategic plan for a 2025-2029 biofuels comeback.
Petrobras approves $3.4 billion in extra dividends, $111 billion strategic plan
Brazilian state-run oil firm Petrobras approved on Thursday a payout of 20 billion reais ($3.4 billion) in extraordinary dividends to shareholders, and it lowered the minimum cash level required for its $111 billion strategic plan.
Petrobras Q3 Earnings Beat Despite a Decline in Production
As of Sept. 30, 2024, PBR has recorded a net debt of $44,251 million.
Petrobras Proposes $111 Billion Business Plan for 2025-2029
PBR's new business plan outlines $111 billion in investments, including $45 billion in regular dividends and boosting production for 2025-2029.
Brazil's state oil company Petrobras pitches five-year $111 bln business plan
Brazilian state-run oil firm Petrobras announced on Monday that its management proposed to the company's board a $111 billion business plan for 2025-2029, according to a securities filing.
PBR's Boaventura UPGN Starts First Phase of Commercial Operations
Petrobras' new natural gas processing unit at the Boaventura energy complex is aimed at improving gas flows from Brazil's presalt fields in the Santos Basin.
Petrobras: A High-Yield Investment In A Pricey Market
Petrobras achieved impressive 3Q 2024 results, with $6.9 billion in FCF and a proposed $3 billion USD dividend, highlighting its financial strength. The company is expanding internationally, reducing domestic risks and leveraging expertise, with new stakes in South Africa and increased FPSO production. Petrobras has improved its debt position, issuing a 10-year $1 billion bond at the lowest rate in a decade, freeing up cash for shareholder returns.
Petróleo Brasileiro S.A. - Petrobras (PBR) Q3 2024 Earnings Call Transcript
Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q3 2024 Earnings Conference Call November 8, 2024 12:00 PM ET Company Participants Fernando Melgarejo - Chief Financial and Investor Relations Officer Magda Chambriard - Chief Executive Officer Clarice Coppetti - Executive Director of Corporate Affairs Claudio Schlosser - Executive Director for Logistics, Sales and Markets Mário Spinelli - Executive Director for Governance and Compliance Mauricio Tolmasquim - Executive Director for Energy Transition and Sustainability Renata Baruzzi - Executive Director for Engineering, Technology and Innovation Wagner Victer - Executive Director for Production and Processes William France da Silva - Executive Director for Industrial Processes and Products Sylvia dos Anjos - Director for Exploration and Production Eduardo Molinari - Digital Project Manager Conference Call Participants Monique Greco - Itaú BBA Bruno Montanari - Morgan Stanley Bruno Amorim - Goldman Sachs Gabriel Barra - Citi Pedro Soares - BTG Pactual Rodrigo Almeida - Santander Jorge Gabrich - Scotiabank Lilyanna Yang - HSBC Caio Ribeiro - Bank of America Regis Cardoso - XP Conrado Vegner - Safra Operator Good afternoon and welcome to Petrobras' webcast with analysts and investors to discuss Q3 results.
