Petrobras Continues To Trade At A Low Valuation With Lofty Potential
Petrobras has achieved strong production and financial results, hitting 2.8 million barrels/day and generating $10 billion in quarterly operating cash flow. The company has significantly reduced its net debt to $46.2 billion and maintains a robust cash position, enhancing financial stability. Petrobras offers impressive shareholder returns with a double-digit dividend yield, supported by strong free cash flow and substantial dividend payments.
Petrobras Accelerates Its Plan to Re-Enter Fertilizer Industry
PBR expedites its re-entry into the fertilizer industry, considering a $800 million investment in a plant to enhance Brazil's agricultural sector.
Petrobras Signs Concession Contracts for Blocks in the Pelotas Basin
PBR, in partnership with SHEL, signs 26 concession contracts for several blocks located in the Pelotas Basin, off the southern coast of Brazil.
Petrobras Is Still A Solid Hold
I maintain a "Hold" rating on Petrobras stock due to ongoing political and geographical risks, despite its undervaluation and strong FCF generation capacity. Petrobras's strategic focus on pre-salt deepwater resources has improved profitability, but recent declines in ROCE and profitability raise concerns. Increased CapEx plans and challenges in obtaining environmental licenses could hinder future growth, especially if oil prices fall or remain flat.
Petrobras: Focus On The Rich Yields & Discounted Valuations - Volatility Is Inevitable
PBR remains a compelling Buy due to its rich forward dividend yields, outperforming its oil/ gas peers and the US Treasury Yields. If anything, the state-run status, the country's volatile political scene, and the numerous leadership changes have contributed to the stock's discounted prices/ valuations. As a result, investors should not shy away from PBR's volatility, since it is part and parcel of its investment thesis.
Brazil's Petrobras will seek to reduce gas reinjection when possible, says CEO
Brazil's state-run oil firm Petrobras will do what it can to reduce the reinjection of natural gas into oil wells, Chief Executive Magda Chambriard said on Wednesday.
Petrobras Seeks to Increase Energy Imports From Argentina
PBR is eyeing Argentina's Vaca Muerta shale gas region to diversify its natural gas supplies and support Brazil's industrial growth.
Invest in Petrobras stock for a 60% net return in 12 months: analyst says
Shares of Petrobras (NYSE: PBR) are rallying on Monday after a Morgan Stanley analyst issued a bullish note in its favour. Bruno Montanari recommends owning the Brazilian oil stock as it could climb to $20 over the next twelve months.
Petrobras (PBR) Plans to Boost Production With Digital Twin
Petrobras (PBR) plans to deploy the digital twin tools in maritime wells across other units before the year's end to boost production efficiency by around 1%.
Petrobras (PBR) Q2 Earnings in Line on Production Growth
As of Jun 30, 2024, Petrobras (PBR) records a net debt of $46,160 million. The company ends the quarter with cash and cash equivalents of $7,884 million.
Petróleo Brasileiro S.A. - Petrobras (PBR) Q2 2024 Earnings Call Transcript
Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q2 2024 Results Conference Call August 9, 2024 10:00 AM ET Company Participants Magda Chambriard - CEO Clarice Coppett - Executive Director of Corporate Affairs Claudio Schlosser - Executive Director for Logistics, Trade and Markets Fernando Melgarejo - Executive Director of Finance and Investor Relations 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 de Silva - Executive Director for Industrial Processes and Products Conference Call Participants Bruno Montanari - Morgan Stanley Vicente Falanga - Banco Bradesco Pedro Soares - BTG Pactual Gabriel Barra - Citi Luiz Carvalho - UBS Investment Bank Regis Cardoso - XP Caio Ribeiro - Bank of America Lilyanna Yang - HSBC Rodrigo Almeida - Santander Rodolfo Angele - JPMorgan Bruno Amorim - Goldman Sachs Monique Greco - Itaú BBA Jorge Gabrich - Scotiabank Operator Good morning, and welcome to Petrobras' earnings call for analysts and investors.
Brazil's Petrobras does not see repurchase of refinery from Mubadala as a priority
Petrobras does not see the repurchase of the Mataripe refinery owned by Abu Dhabi sovereign fund Mubadala (MUDEV.UL) in Brazil as a priority, the state-run firm's Chief Executive Magda Chambriard said on Friday.
