As of Dec. 31, 2024, PBR has recorded a net debt of $52,240 million. The company ended the year with cash and cash equivalents of $3,271 million.
Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Petrobras' 4Q24 results were marked by higher CapEx which negatively impacted dividends and raised concerns about its long-term dividend strategy. A leverage ratio increase and a 25% yearly drop in free cash flow signal financial strain amid rising investments. Political and environmental challenges, plus uncertain catalysts, make Petrobras' future outlook more risky.
Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q4 2024 Results Conference Call February 27, 2025 10:00 AM 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 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 Bruno Montanari - Morgan Stanley Gabriel Barra - Citi Monique Greco - Itaú BBA Eduardo Molinari Good morning, everyone.
Petrobras, the Brazilian state oil corporation, reported a disappointing fourth quarter with a net loss of 17 billion reais ($2.8 billion), compared to a profit of 31 billion reais the previous year.
Shares of Brazil's state-run oil firm Petrobras fell 4% on Sao Paulo's B3 exchange as markets opened on Thursday, after analysts were caught by surprise by capital expenditure spending 15% above the firm's guidance for 2024.
Brazil's Petrobras posted a net loss of 17 billion reais ($2.8 billion) in its fourth quarter due to exchange rate variation on debts between the state-run oil firm and its subsidiaries abroad, it said in a filing on Wednesday.
PBR partners with Banco do Brasil to fund sustainability projects, highlighting its commitment to decarbonization and energy transition.
Brazil's state-run oil firm Petrobras is considering canceling a tender to charter a production storage and offloading vessel (FPSO) from India's Shapoorji Pallonji Energy, two sources with knowledge of the matter told Reuters.
As Petrobras gears up to report Q4 earnings on Feb. 26, let's find out how the expectations stack up. Also, know how to play the stock ahead of results.
High Rates, High Returns: How Petrobras Thrives Amid Treasury Turmoil
In the latest trading session, Petrobras (PBR) closed at $14.83, marking a +0.47% move from the previous day.