Petroleo Brasileiro

Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Business. The Exploration and Production segment involves crude oil, natural gas liquids, and natural gas exploration, development, and production. The Refining, Transportation and Marketing segment involves refining, logistics, transportation, trading operations, oil products and crude oil exports and imports, and petrochemical investments. The Gas and Power segment includes transportation and trading of natural and liquefied natural gas, the generation and trading of electric power, and the fertilizer business. The Corporate and Other Business segment comprises the financing activities not attributable to other segments including corporate financial management, and central administrative overhead and actuarial expenses. The company was founded on October 3, 1953 and is headquartered in Rio de Janeiro, Brazil.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Business. The Exploration and Production segment covers the activities of exploration, development, and production of crude oil, natural gas liquid, and natural gas, for the primary purpose of supplying its domestic refineries. The Refining, Transportation, and Marketing segment refers to refining, logistics, transport, and trading of crude oil and oil products activities as well as exports of ethanol. The Gas and Power segment represents the activities of logistic and trading of natural gas and electricity, transportation and trading of liquefied natural gas, generation and electricity by means of thermoelectric power plants, as well as holding interests in transporters and distributors of natural gas. The Corporate and Other Business segment includes corporate items related to corporate financial management, overhead related to central administration, and other expenses; and other businesses such as distribution of oil products abroad (South America) and the production of biodiesel and its co-products. The company was founded on October 3, 1953 and is headquartered in Rio de Janeiro, Brazil.

RIO DE JANEIRO , Sept. 16, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A.

PETROBRAS ANNOUNCES CLOSING OF OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND FINAL RESULTS AND SETTLEMENT OF CASH TENDER OFFERS

Petrobras (PBR) concluded the recent trading session at $14.53, signifying a +0.62% move from its prior day's close.

Petrobras (PBR) Outperforms Broader Market: What You Need to Know

Brazilian state-run oil giant Petrobras is mulling building a petrochemical plant at its Boaventura Energy Complex, an executive said on Friday, as the firm officially inaugurated the complex previously known as Gaslub in Rio de Janeiro.

Petrobras mulls new petrochemical plant at Rio de Janeiro energy complex

Petrobras has achieved strong production and financial results, hitting 2.8 million barrels/day and generating $10 billion in quarterly operating cash flow. The company has significantly reduced its net debt to $46.2 billion and maintains a robust cash position, enhancing financial stability. Petrobras offers impressive shareholder returns with a double-digit dividend yield, supported by strong free cash flow and substantial dividend payments.

Petrobras Continues To Trade At A Low Valuation With Lofty Potential

RIO DE JANEIRO , Sept. 10, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A.

PETROBRAS ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF CASH TENDER OFFERS

PBR expedites its re-entry into the fertilizer industry, considering a $800 million investment in a plant to enhance Brazil's agricultural sector.

Petrobras Accelerates Its Plan to Re-Enter Fertilizer Industry

PBR, in partnership with SHEL, signs 26 concession contracts for several blocks located in the Pelotas Basin, off the southern coast of Brazil.

Petrobras Signs Concession Contracts for Blocks in the Pelotas Basin

RIO DE JANEIRO , Sept. 3, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A.

PETROBRAS ANNOUNCES OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND COMMENCEMENT OF CASH TENDER OFFERS

I maintain a "Hold" rating on Petrobras stock due to ongoing political and geographical risks, despite its undervaluation and strong FCF generation capacity. Petrobras's strategic focus on pre-salt deepwater resources has improved profitability, but recent declines in ROCE and profitability raise concerns. Increased CapEx plans and challenges in obtaining environmental licenses could hinder future growth, especially if oil prices fall or remain flat.

Petrobras Is Still A Solid Hold

PBR remains a compelling Buy due to its rich forward dividend yields, outperforming its oil/ gas peers and the US Treasury Yields. If anything, the state-run status, the country's volatile political scene, and the numerous leadership changes have contributed to the stock's discounted prices/ valuations. As a result, investors should not shy away from PBR's volatility, since it is part and parcel of its investment thesis.

Petrobras: Focus On The Rich Yields & Discounted Valuations - Volatility Is Inevitable

Brazil's state-run oil firm Petrobras will do what it can to reduce the reinjection of natural gas into oil wells, Chief Executive Magda Chambriard said on Wednesday.

Brazil's Petrobras will seek to reduce gas reinjection when possible, says CEO

Helix Energy Solutions Group

PBR and Helix Energy Solutions sign new three-year contracts for the Siem Helix 1 & 2 vessels to provide well-intervention services in Brazil.

Petrobras, Helix Ink Lucrative $786M Well Intervention Deals

PBR is eyeing Argentina's Vaca Muerta shale gas region to diversify its natural gas supplies and support Brazil's industrial growth.

Petrobras Seeks to Increase Energy Imports From Argentina

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.

Invest in Petrobras stock for a 60% net return in 12 months: analyst says

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) Plans to Boost Production With Digital Twin

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Before July 31, 2024, my REaders mentioned 38 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, readers commented about the ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN ReFa/Ro: FSK, PFE, VZ, PFS, PBR, ET, ESEA, EL, VALE, and NOAH averaged 41.06% net gains from reader data collected 8/14/24. Ten analyst-target-augured July TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: XOM, PBR, PFE, VZ, PFS, ET, ESEA, EL, VALE & NOAH, boasting a 33.38% average target price upside estimate.

Readers Identify 25 Ideal July Dividend Buys Out Of 37 Picks

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.

Petrobras (PBR) Q2 Earnings in Line on Production Growth

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.

Petróleo Brasileiro S.A. - Petrobras (PBR) Q2 2024 Earnings Call Transcript

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.

Brazil's Petrobras does not see repurchase of refinery from Mubadala as a priority

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.

Petrobras keeps door open for potential extra dividends this year

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.

Brazil's Petrobras approves $2.45 billion payout to shareholders

Petrobras (PBR) highlights that the Uchuva-2 well can provide relevant information for developing a new exploration and production frontier in Colombian waters.

Petrobras' (PBR) Uchuva-2 Well Confirms Major Gas Discovery

Petrobras (PBR) beat the Zacks Consensus Estimate for earnings just once in the last four quarters and missed in the other three.

Will Petrobras (PBR) Report Q2 Earnings Beat on Output Gains?

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.

Exclusive: Petrobras' bid for Galp's Namibia prospect to include at least one partner, sources say

Yet another major oil and gas player wants in on Namibia's Orange Basin: Brazil's Petrobras (NYSE:PBR). It was revealed last week that state-owned Petrobras had made a non-binding offer to purchase a major stake in Galp Energia's Mopane oil and gas field, offshore Namibia.

News for Petroleo Brasileiro Stock (PBR)