Petrobras S.A. Sponsored ADR (PBR)
Brazil's Petrobras raises jet fuel prices by around 7% in key markets
Brazilian state-run oil firm Petrobras hiked jet fuel prices for distributors starting on Jan. 1 by around 7% in some key marketing areas, such as Betim, Guarulhos and Duque de Caxias, data on the company's website showed on Thursday.
Wall Street Bulls Look Optimistic About Petrobras (PBR): Should You Buy?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Petrobras and CSN to Build Low-Carbon Hydrogen Plant in Brazil
PBR and CSN aim to decarbonize their operations and reduce emissions by building the new low-carbon hydrogen plant in Parana, Brazil.
Petrobras Stock Is Now Too Undervalued (Rating Upgrade)
I'm upgrading Petrobras (PBR) (PBR.A) to "Buy" due to its undervaluation amid strong production levels and disciplined financial control despite macro and idiosyncratic risks. Brazil's tight monetary policy and fiscal concerns, along with lower refining margins, have pressured PBR's stock, but its fundamentals remain strong. Petrobras' increasing production, high utilization rates, and healthy balance sheet support its ability to maintain high dividends and execute its $111 billion investment plan.
PBR Awards $2.8B Contracts for 12 New PSVs to Bram Offshore & Starnav
Petrobras invests $2.8 billion in 12 new platform supply vessels, focusing on hybrid technology, local jobs and eco-friendly operations.
Petrobras: Massive Dividends And No Lula Problems
Petrobras is a highly profitable oil company with attractive growth projects and a very high dividend yield, making it a compelling investment. The company's new 5-year plan includes $111 billion in investments, expected to generate significant free cash flows and maintain high dividend payouts. Political risks from Brazil's President Lula exist but are not dramatic, with no significant negative impact on Petrobras so far.
Petrobras Cuts $1.1B in Spending on Platform Decommissioning Plans
PBR cuts $1.1 billion from the decommissioning budget of its platforms for 2025-2029, signaling a shift toward platform revitalization.
Petrobras' October Output Declines Following Platform Shutdowns
PBR experiences an 11% oil and gas output drop in October due to shutdowns in Brazil's major oil fields.
Brazil's Lula to swap Petrobras chairman, O Globo reports
Brazilian President Luiz Inacio Lula da Silva will appoint Petrobras chairman Pietro Mendes to a senior position at oil regulator ANP, local newspaper O Globo reported on Wednesday, citing a document from the presidential chief of staff.
Brazil prosecutors push Petrobras for more Amazon drilling studies
Brazilian federal prosecutors asked state-run oil firm Petrobras to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama.
Petrobras Opens Vessels Tender for Sergipe Deepwater Project
PBR launches a bid for up to two offshore oil production vessels for its Sergipe deepwater project, strengthening the company's offshore capabilities in Brazil.
Petrobras: There's Still Time To Buy This On The Cheap
Petrobras investors are navigating weakened optimism on the stock, notwithstanding its attractive valuations. PBR's revised capital spending plan suggests the focus remains on its core exploration and production activities. Assumptions of lower Brent crude prices through 2025 and higher CapEx could have increased concerns about future dividend increases.
