Petrobras S.A. Sponsored ADR (PBR)
Petrobras Expands International Footprint With DWOB Acquisition
PBR plans to enter South Africa's Deep Western Orange Basin, acquiring a 10% stake in a consortium led by TotalEnergies, enhancing its exploration portfolio.
Petrobras (PBR) Surpasses Market Returns: Some Facts Worth Knowing
Petrobras (PBR) closed the most recent trading day at $14.95, moving +1.15% from the previous trading session.
Red alert as the Petrobras forms the risky diamond pattern
Petrobras (PBR) stock price has moved sideways in the past few months as traders focused on the ongoing oil and gas volatility. Its American ADRs were trading at $15 on Tuesday, down by over 10% from its highest point this year, meaning that it is in a correction.
Petrobras & Staatsolie Sign MoU to Explore Collaboration Opportunities
PBR believes that collaborating with Staatsolie might result in the adoption of more sustainable oil and gas practices, making its operations more resilient to climate change.
Petrobras: Double-Upgrade To Buy On New Exploration And Stable Management
Petrobras' new strategic plan to reportedly focus more on the core exploration & production business, with fixed allocations to low carbon M&A cut out. PBR should be able to repeat its highly successful offshore playbook in the Atlantic Margin and potentially Namibia, with geology in both comparable to the pre-salt, in our view. Political risks remain, yet with new management looking the most stable since the 2022 election and their commitment to the new plan, we see most recent concerns derisked.
Petrobras: Still Too Cheap For Buyers To Ignore
Petrobras stock has outperformed its energy sector peers since early August, corroborating my bullish bias. PBR's solid profitability and robust dividend yields have likely mitigated concerns over increased political interference by the Lula administration.
Petrobras (PBR) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest trading session, Petrobras (PBR) closed at $14.56, marking a -1.95% move from the previous day.
Petrobras' focus remains Brazil despite Africa plans, director says
The main focus of Brazil state-run oil firm Petrobras remains in its home country, its director of exploration and production said on Thursday, adding that Brazil was a priority even as it intends to expand into Africa.
Petrobras Offers Constellation Two Drillship Contracts Worth $1B
PBR's contract with Constellation involves two ultra-deepwater drillships, Laguna Star and Tidal Action, expected to begin new contracts in third-quarter 2025.
Petrobras wants a 40% stake in Galp's mega oil block in Namibia, director says
Brazil's Petrobras is expected to seek the entire 40% stake of Namibia's Mopane oil and gas exploration block put up for sale by Portugal's Galp, a director at the state-run oil firm said on Monday.
TotalEnergies, Petrobras in talks for potential businesses outside Brazil
TotalEnergies is in talks with Brazilian state-run oil firm Petrobras to jointly explore potential business opportunities outside Brazil, Chief Executive Patrick Pouyanne said on Monday.
Petrobras: Very High Safety Margin
Petrobras is a highly profitable Brazilian energy firm with a significant EBITDA size. The firm is also growing its production and has attractive capital return potential. Petrobras generates a high amount of free cash flow and offers dividend investors a healthy ~13% yield. Trading at a forward P/E ratio of 4.4X, Petrobras is undervalued, even when considering government control and currency devaluation risks.
