Petrobras S.A. Sponsored ADR (PBR)
Invest in Petrobras stock for a 60% net return in 12 months: analyst says
Shares of Petrobras (NYSE: PBR) are rallying on Monday after a Morgan Stanley analyst issued a bullish note in its favour. Bruno Montanari recommends owning the Brazilian oil stock as it could climb to $20 over the next twelve months.
Petrobras (PBR) Plans to Boost Production With Digital Twin
Petrobras (PBR) plans to deploy the digital twin tools in maritime wells across other units before the year's end to boost production efficiency by around 1%.
Petrobras (PBR) Q2 Earnings in Line on Production Growth
As of Jun 30, 2024, Petrobras (PBR) records a net debt of $46,160 million. The company ends the quarter with cash and cash equivalents of $7,884 million.
Petróleo Brasileiro S.A. - Petrobras (PBR) Q2 2024 Earnings Call Transcript
Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q2 2024 Results Conference Call August 9, 2024 10:00 AM ET Company Participants Magda Chambriard - CEO Clarice Coppett - Executive Director of Corporate Affairs Claudio Schlosser - Executive Director for Logistics, Trade and Markets Fernando Melgarejo - Executive Director of Finance and Investor Relations 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 Wagner Victer - Executive Director for Production and Processes William de Silva - Executive Director for Industrial Processes and Products Conference Call Participants Bruno Montanari - Morgan Stanley Vicente Falanga - Banco Bradesco Pedro Soares - BTG Pactual Gabriel Barra - Citi Luiz Carvalho - UBS Investment Bank Regis Cardoso - XP Caio Ribeiro - Bank of America Lilyanna Yang - HSBC Rodrigo Almeida - Santander Rodolfo Angele - JPMorgan Bruno Amorim - Goldman Sachs Monique Greco - Itaú BBA Jorge Gabrich - Scotiabank Operator Good morning, and welcome to Petrobras' earnings call for analysts and investors.
Brazil's Petrobras does not see repurchase of refinery from Mubadala as a priority
Petrobras does not see the repurchase of the Mataripe refinery owned by Abu Dhabi sovereign fund Mubadala (MUDEV.UL) in Brazil as a priority, the state-run firm's Chief Executive Magda Chambriard said on Friday.
Petrobras keeps door open for potential extra dividends this year
Brazilian state-run oil firm Petrobras will pay extraordinary dividends if there is an "opportunity" for it, Chief Financial Officer Fernando Melgarejo said on Friday.
Brazil's Petrobras approves $2.45 billion payout to shareholders
Brazilian state-run oil giant Petrobras said on Thursday that its board had approved a 13.57 billion-real ($2.45 billion) payout to shareholders in dividends and interest on equity, equivalent to 1.05 reais per share.
Petrobras' (PBR) Uchuva-2 Well Confirms Major Gas Discovery
Petrobras (PBR) highlights that the Uchuva-2 well can provide relevant information for developing a new exploration and production frontier in Colombian waters.
Will Petrobras (PBR) Report Q2 Earnings Beat on Output Gains?
Petrobras (PBR) beat the Zacks Consensus Estimate for earnings just once in the last four quarters and missed in the other three.
Exclusive: Petrobras' bid for Galp's Namibia prospect to include at least one partner, sources say
Brazil's Petrobras will include at least one partner in its bid for a 40% stake in Galp Energia's Mopane oil prospect in Namibia, two sources with knowledge of the matter told Reuters.
Why Petrobras (PBR) Dipped More Than Broader Market Today
In the latest trading session, Petrobras (PBR) closed at $14.06, marking a -0.85% move from the previous day.
Petrobras: 2 Reasons To Buy And 1 Reason To Sell
Petrobras is a cheap oil company with good fundamental indicators, high dividends, and positive operational prospects. Political uncertainty surrounds Petrobras due to state ownership and influence on fuel prices, impacting government popularity and policies. Petrobras offers attractive valuation, strong cash generation, high dividends, and good prospects, but state interference poses a significant risk for investors.
