Petróleo Brasileiro S.A. - Petrobras has surged nearly 75% YTD, outperforming the S&P 500, driven by robust oil earnings and operational execution. PBR's integrated portfolio, ramping offshore production, and high-quality pre-salt assets underpin resilient cash flow and future growth. Dividend yield approaches 6%, with a 45% FCF payout policy and potential for special dividends amid rising Brent prices.
Brazilian state-run oil firm Petrobras said on Monday its board of directors has elected member Marcelo Weick Pogliese as the new chairman.
Brazilian President Luiz Inacio Lula da Silva said on Thursday the government will seek to annul an auction at which state-run oil firm Petrobras sold liquefied petroleum gas (LPG) at prices he described as too high due to the war in Iran.
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.
In the most recent trading session, Petrobras (PBR) closed at $20.08, indicating a -3.23% shift from the previous trading day.
Petrobras (PBR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Does Petrobras (PBR) have what it takes to be a top stock pick for momentum investors? Let's find out.
PBR taps Fugro for Brazil's first licensed offshore wind pilot, advancing a landmark 18 MW project to drive renewable energy expansion in South America.
Brazilian state-run oil firm Petrobras hiked jet fuel prices by about 55% on Wednesday, data on the company's website showed, in a move tracking higher global oil prices linked to the U.S.-Israeli war with Iran.
Abra Group, the holding company that controls airline Gol , said on Tuesday that Brazilian state-run oil firm Petrobras will raise jet fuel prices by about 55% starting April 1.
PBR secures drilling license for key wells in Brazil's Potiguar Basin, signaling renewed exploration momentum amid environmental concerns.
PBR awards a $465M long-term drillship contract to Foresea for the Mero field, strengthening its offshore pre-salt development strategy in Brazil.