In the closing of the recent trading day, Petrobras (PBR) stood at $13.88, denoting a +1.09% change from the preceding trading day.
PBR announces the extension of FPSO Cidade de Angra dos Reis charter in the Tupi field by another five years, until 2030.
Diversification into non-U.S. stocks like Petrobras can hedge against USD weakness, offering high yields and discounted valuations compared to U.S. peers. Petrobras' operational resilience, robust production, and strong cash flows make it attractive despite political risks from Brazilian government majority ownership. Strategic investments in high-return pre-salt projects and disciplined financial management have significantly strengthened Petrobras' balance sheet, reducing debt to its lowest level since 2008.
In the latest trading session, Petrobras (PBR) closed at $13.81, marking a +0.66% move from the previous day.
PBR has reached record refinery output in 2024, producing 24.4B liters of gasoline and 26.3B liters of diesel, while lowering its 2025 capex to $17 billion.
Brazil's Petrobras saw output from its refineries hit an all-time high in 2024 with record production of gasoline and S-10 diesel, the state-run oil firm said on Friday.
PBR is in talks with Unigel to revive two leased fertilizer plants and resume operations to ease Brazil's dependence on imported fertilizer.
PBR provides Prosafe with a $109.7-million contract extension to accommodate the vessel Safe Zephyrus for another 954 days for its deepwater oil projects.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Seacrest Petroleo accuses PBR of breaching pipeline repair agreements, leading to $71M in claims and ICC arbitration.
PBR announces a 7% increase in jet fuel prices from January 2025, addressing rising oil costs and market conditions affecting Brazil's aviation industry.
Petrobras is due to increase upstream production at attractive low-cost economics. The 2025 outlook for oil prices shows little scope for pricing-related upside. So volume growth is likely to be the key fundamental driver for the year ahead. Valuations are at an attractive 27% discount vs. peers from a 1-yr fwd EV/EBITDA perspective.