PBR partners with Exail to deploy cutting-edge Quadrans AHRS on FPSOs, boosting safety and real-time monitoring offshore Brazil.
Petrobras (PBR) closed at $12.51 in the latest trading session, marking a +1.05% move from the prior day.
PBR deepens its strategic partnership with Fugro through four key offshore contracts focused on innovation, safety and long-term energy resilience.
Petrobras is a comprehensive oil company. Like many companies in Latin America, such as YPF and Ecopetrol, the company's shareholding is divided between private investors and the Brazilian state. First-quarter production levels, Petrobras reported a total of 22.7 million BOE/d, representing a 5.4% increase compared to Q4 2024. The amount of net cash provided by Op Act was $8.5 billion. If we annualize this, we see that the P/CF equal to 2.32x.
In the most recent trading session, Petrobras (PBR) closed at $12.70, indicating a -2.83% shift from the previous trading day.
Brazil's Petrobras is closely monitoring geopolitical tensions in the Middle East, which have pushed global oil prices higher in recent weeks, but does not plan to tweak domestic fuel prices for now, two company sources told Reuters on Monday.
PBR confirms a $204 million deal with Prosafe for the Safe Notos flotel to enhance offshore safety and maintenance by awarding a four-year contract.
PBR signs key contracts to complete RNEST's Train 2, doubling refining capacity by 2029 and boosting production of low-sulphur fuels.
Brazilian state-run oil firm Petrobras announced on Monday it signed contracts worth approximately 4.9 billion reais ($892.3 million) for the completion of a new refining unit at its RNEST refinery.
Petrobras offers strong profitability and attractive valuation metrics, trading at a significant discount to peers despite robust margins and earnings yield over 12%. Political risk in Brazil, particularly from the current government, is the main reason for Petrobras' low valuation, but upcoming elections could unlock higher valuations. Brazil's economic fundamentals remain solid, with low unemployment and stable GDP growth.
PBR partners with ABB and Seatrium to launch all-electric FPSOs, P-84 and P-85, redefining offshore oil production in Brazil.
PBR issues tenders for geophysical and geotechnical surveys to assess offshore wind feasibility, marking a key step in Brazil's clean energy shift.