PBR enters Brazil's solar market with a Lightsource bp deal, marking a key step in its energy transition and portfolio diversification strategy.
A strike at Brazilian state-run oil company Petrobras entered its second day on Tuesday, affecting 24 oil platforms and eight refineries, union FUP said in a statement.
Petrobras' Train 2 expansion at Abreu e Lima is set to double capacity by 2029, boosting fuel output, jobs and Brazil's energy security.
PBR cuts its 2026-2030 budget by 2% while boosting pre-salt investment, targeting higher production and advancing new energy and sustainability projects.
Petróleo Brasileiro S.A. - Petrobras ( PBR ) Discusses New Business Plan and Production Growth Outlook for 2026-2030 November 28, 2025 2:30 PM EST Company Participants Eduardo de Nardi Ros Magda de Regina Chambriard - CEO & Non-Independent Director Fernando Melgarejo - Chief Financial Officer & Chief Investor Relations Officer Renata Baruzzi - Chief Engineering, Technology, & Innovation Officer Sylvia Couto dos Anjos - Chief Exploration & Production Officer Angelica Garcia Laureano - Chief Energy Transition & Sustainability Officer and Member of Executive Board William da Silva - Chief Industrial Processes, Products Officer and Member of Executive Board Conference Call Participants Monique Greco - Itaú Corretora de Valores S.A.
From a technical perspective, Petrobras (PBR) is looking like an interesting pick, as it just reached a key level of support. PBR recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
PBR will reportedly trim its five-year spending plan as falling oil prices push it to boost efficiency and focus on higher-output assets.
Petrobras delivered record oil and gas output in Q3, with pre-salt production hitting all-time highs and FPSO Almirante Tamandaré operating above nominal capacity. Despite Brent falling $11 YoY, PBR's adjusted EBITDA reached $12 B, showing exceptional efficiency, scale advantages and resilient cash generation. Cash flow remained strong, net debt/EBITDA stayed at 1.0x, and dividends reached R$12.2 B, increasing 40% YoY.
PBR boosts offshore capacity with P-84 and P-85 FPSOs as Sulzer supplies advanced pump systems for the Atapu and Sepia fields.
PBR's new Campos Basin find boosts its offshore momentum and adds a high-quality post-salt discovery to the deepwater portfolio.
PBR reportedly weighs trimming its 2026-2030 capex to $106 billion as weaker oil prices and political pressures shape its long-term strategy.
PBR beats Q3 earnings estimates on strong production growth, offsetting weaker oil prices and higher lifting costs.