Petrobras signs MoU with Sonangol to boost oil and gas R&D, expanding its strategic footprint in Angola amid deepening Brazil-Angola energy ties.
PBR begins R$557 million maintenance at Refap refinery in Canoas, boosting local jobs and ensuring a stable fuel supply through August despite reduced output.
PBR signs a R$8.4 billion contract with Subsea 7 for the Buzios 11 Project, focusing on local content and job creation, with offshore work scheduled for October 2027.
PBR is set to deploy a drill ship to Amapa for oil exploration in the Foz do Amazonas Basin amid regulatory hurdles and environmental scrutiny.
PBR is set to face a two-day strike as oil workers protest against cost-cutting measures and stalled talks on compensation amid falling crude prices.
PBR aims to re-enter Nigeria's oil market, targeting deepwater exploration to support the country's efforts to increase oil production and attract investment.
Brazil's federation of oil workers, known as FUP, announced on Thursday a two-day warning strike at state-run oil company Petrobras "in protest against the stagnation in negotiations with the company," according to a statement.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
PBR recently announced a notable pre-salt oil find at the Aram block, but such long-cycle projects may not ease near-term pressures.
PBR had a net debt of $56,034 million at the end of the first quarter, up from $43,646 million a year ago and $52,240 million as of Dec. 31, 2024.
Petroleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q1 2025 Earnings Conference Call May 13, 2025 11:00 AM ET Company Participants Eduardo Molinari - Digital Project Manager Magda Chambriard - CEO Fernando Melgarejo - CFO and IRO Sylvia dos Anjos - Director for Exploration and Production Claudio Schlosser - ED for Logistics, Sales and Markets Renata Baruzzi - ED for Engineering, Technology and Innovation Clarice Coppetti - ED of Corporate Affairs Mauricio Tolmasquim - ED for Energy Transition and Sustainability William France da Silva - ED for Industrial Processes and Products Conference Call Participants Bruno Amorim - Goldman Sachs Caio Ribeiro - Bank of America Rodolfo Angele - JPMorgan Vicente Falanga - Bradesco BBI Bruno Montanari - Morgan Stanley Matheus Enfeldt - UBS Rodrigo Almeida - Santander Bank Gabriel Barra - Citigroup Luiz Carvalho - BTG Pactual Lilyanna Yang - HSBC Regis Cardoso - XP Jorge Gabrich - Scotiabank Eduardo Molinari The links for both languages are available on our investor relations website.
PBR inks a natural gas supply deal with Portobello, Brazil's largest ceramic manufacturer, enhancing energy efficiency and reinforcing its position in the country's free gas market.