Petrobras S.A. Sponsored ADR (PBR)
PBR to Resume UFN-III Fertilizer Plant Construction by September
Petrobras revives its long-idled UFN-III project with a $1B investment, aiming to expand fertilizer output and reduce Brazil's import dependence.
Petrobras Signs R$443.7M Decommissioning Contract With OceanPact
PBR signs a R$443.7M deal with OceanPact to decommission Marlim Field subsea pipelines, advancing Brazil's offshore asset retirement strategy.
Petrobras and Pemex to Sign Oil, Refining and Petrochemicals Deals
PBR plans to expand its partnership with Pemex through oil, refining and petrochemical agreements, supporting offshore growth and energy cooperation.
Wall Street Bulls Look Optimistic About Petrobras (PBR): Should You Buy?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Petrobras to buy 50% stake in Campos Basin offshore block
Brazil's state-run oil firm Petrobras said on Wednesday it has entered into a deal with Equinor Brasil to acquire a 50% stake in the Itaimbezinho block in the offshore Campos Basin.
PBR Enters Agreements for 8 Ivory Coast Exploration Blocks
Petrobras secures access to eight offshore blocks in the Ivory Coast, a move that could accelerate exploration in one of West Africa's rising energy hubs.
PBR Strengthens Its Presence in Sergipe With Major Investments
PBR will invest over R$70B in Sergipe, funding deep-water energy projects, fertilizer output and infrastructure while supporting 28,000 jobs.
Petrobras Cuts Diesel Prices by 9.6% Under Govt Subsidy Program
PBR cuts diesel prices by 9.6% to 3.3 reais per liter under a federal subsidy plan that offsets fuel taxes and eases domestic costs.
Brazil's Petrobras lowers diesel prices for distributors as cashback system kicks in
Brazil's state-run oil firm, Petrobras, will lower diesel prices to distributors by 0.3515 reais per liter starting on June 1, it said in a statement on Sunday, after the government announced a cashback system to producers and importers.
Petrobras: Why I Disagree With Wall Street
Petrobras presents a mixed outlook after FQ1 results, with EPS and revenue below consensus and a 15% YOY dividend decline. Despite the prevailing bullish sentiment and a low forward P/E (~4.8x), I maintain a more tempered view on PBR. Several downside risks offset the positives behind the prevailing optimism.
Petrobras: Cheap Oil Stock With High Yield Potential
Petrobras is a low-cost oil producer with a breakeven near $50/barrel and strong leverage to elevated Brent prices. PBR trades at a steep valuation discount to global peers, reflecting Brazil-specific political and debt risks, but offers a compelling forward yield potential. I expect a sustainable dividend yield approaching 10% at a 50% payout ratio, with upside as new FPSOs and higher oil prices flow through results.
Has Petroleo Brasileiro (PBR) Outpaced Other Oils-Energy Stocks This Year?
Here is how Petrobras (PBR) and Helix Energy (HLX) have performed compared to their sector so far this year.
