PBR Awards $2.8B Contracts for 12 New PSVs to Bram Offshore & Starnav
Petrobras invests $2.8 billion in 12 new platform supply vessels, focusing on hybrid technology, local jobs and eco-friendly operations.
Petrobras: Massive Dividends And No Lula Problems
Petrobras is a highly profitable oil company with attractive growth projects and a very high dividend yield, making it a compelling investment. The company's new 5-year plan includes $111 billion in investments, expected to generate significant free cash flows and maintain high dividend payouts. Political risks from Brazil's President Lula exist but are not dramatic, with no significant negative impact on Petrobras so far.
Petrobras Cuts $1.1B in Spending on Platform Decommissioning Plans
PBR cuts $1.1 billion from the decommissioning budget of its platforms for 2025-2029, signaling a shift toward platform revitalization.
Petrobras' October Output Declines Following Platform Shutdowns
PBR experiences an 11% oil and gas output drop in October due to shutdowns in Brazil's major oil fields.
Brazil's Lula to swap Petrobras chairman, O Globo reports
Brazilian President Luiz Inacio Lula da Silva will appoint Petrobras chairman Pietro Mendes to a senior position at oil regulator ANP, local newspaper O Globo reported on Wednesday, citing a document from the presidential chief of staff.
Brazil prosecutors push Petrobras for more Amazon drilling studies
Brazilian federal prosecutors asked state-run oil firm Petrobras to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama.
Petrobras Opens Vessels Tender for Sergipe Deepwater Project
PBR launches a bid for up to two offshore oil production vessels for its Sergipe deepwater project, strengthening the company's offshore capabilities in Brazil.
Petrobras: There's Still Time To Buy This On The Cheap
Petrobras investors are navigating weakened optimism on the stock, notwithstanding its attractive valuations. PBR's revised capital spending plan suggests the focus remains on its core exploration and production activities. Assumptions of lower Brent crude prices through 2025 and higher CapEx could have increased concerns about future dividend increases.
Petrobras to Transfer Minority Stake in Sergipe's Tartaruga Field
As a non-operated asset, PBR's decision to divest its stake in the Tartaruga field does not affect the company's existing operations in Sergipe.
Petrobras' 5-Year Plan Could Provide Strong Returns
Petrobras, with a $93 billion market cap, plans to spend more than its current value on capital expenditures, indicating strong long-term potential. The company's 5-year guidance plan emphasizes substantial investments while ensuring robust shareholder returns, showcasing its commitment to growth and value creation. Despite its undervaluation, Petrobras presents a compelling investment opportunity due to its strategic spending and promising financial outlook.
Petrobras: A Gift That Keeps On Giving - Rich Yields Remain Attractive
PBR remains a compelling investment due to its discounted valuations and rich forward dividend yields, outperforming many of its oil/ gas peers. While the moderating Brent oil spot prices and perceived risks tied to the state run status may pose headwinds, the rich dividend yields more than makes up for the risks. If anything, PBR has guided $200B in operating cash flow and substantial shareholder returns through 2029, with it further underscoring its viable dividend investment thesis.
Petrobras-Yara Partner to Revive Fertilizer Production in Brazil
PBR and Yara International join forces for domestic production of fertilizer ARLA 32, reducing dependency on imports.
