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Petroleo Brasileiro SA Petrobras (PJXC.BE)

5.20

-0.13

(-2.44%)

As of 8:03:46 AM GMT+2. Market Open.

Petrobras (PBR) Loses Steam Alongside Its Dividend

A strong double-digit dividend yield paired with an EV/EBITDA close to 3.5x is most definitely eye-catching. That’s the case of the oil company Petroleo Brasileiro SA- Petrobras (PBR), or Petrobras for short, which has been a great performer over the past few years, largely thanks to its stalwart dividend appeal. However, in the last two years, the company has shifted its focus toward expanding its businesses and investing in exploration, production, and renewables, dampening the oiler’s dividen

TipRanks last month

PBR

PBR-A
Petrobras Welcomes New Brazilian Oil and Gas Legislation

An announcement from Petroleo Brasileiro SA- Petrobras ( (PBR) ) is now available. Petrobras announced the enactment of a new Brazilian law, Law 15,075/2024, which restructures the oil and gas sector by permitting the transfer of local content surpluses among contracts and allowing for the extension of Production Sharing Agreements under advantageous conditions for the Brazilian Federal Union. The legislation also includes measures to incentivize local investments through royalty reductions and

TipRanks 4 months ago

PBR

PBR-A
Petrobras Halts Divestment of Uruguá and Tambaú Fields

An update from Petroleo Brasileiro SA- Petrobras ( (PBR) ) is now available. Petrobras announced the termination of its divestment contract for the Uruguá and Tambaú fields due to the failure of Enauta Energia S.A. to complete the purchase of the FPSO Cidade de Santos. As a result, Petrobras will retain its 100% stake in these fields and is considering future alternatives for managing these assets, highlighting its commitment to optimizing its operational portfolio. More about Petroleo Brasileir

TipRanks 4 months ago

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SLB OneSubsea awarded subsea boosting contract by Petrobras for the Buzios field

Global energy technology company SLB (SLB) announced a contract award by Petrobras (PBR), following a competitive tender, to its OneSubsea joint venture for two subsea raw seawater injection RWI systems to increase recovery from the prolific Buzios field.The subsea RWI systems will help to increase the production of floating production storage and offloading FPSO vessels, which are currently bottlenecked in their water injection capacities. Once operational, the RWI systems will reduce greenhous

TipRanks 4 months ago

PBR

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SLB
Petrobras Advances Sergipe Deep Waters Project with New FPSOs

Petroleo Brasileiro SA- Petrobras (PBR) has released an update. Petrobras has kicked off the procurement process for two FPSO oil production units as part of its Sergipe Deep Waters Project in Brazil. Utilizing a Build-Operate-Transfer model, these units are set to enhance oil and gas production, with the first expected to be operational by 2030. This strategic move is anticipated to bolster domestic gas availability and offer significant returns for shareholders. For further insights into PBR s

TipRanks 4 months ago

PBR

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Petrobras to Distribute R$ 20 Billion in Dividends

Petroleo Brasileiro SA- Petrobras (PBR) has released an update. Petrobras has announced an extraordinary dividend payout of R$ 20 billion, approximately R$ 1.55 per share, which will be distributed to shareholders in December 2024. This decision aligns with the company’s Shareholder Remuneration Policy, ensuring financial sustainability while rewarding investors. Shareholders of Petrobras can expect their payments by December 23, 2024, for B3-listed shares, while ADR holders will receive theirs

TipRanks 5 months ago

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Petrobras Unveils Ambitious Strategic and Business Plans

Petroleo Brasileiro SA- Petrobras (PBR) has released an update. Petrobras has unveiled its Strategic Plan 2050 and Business Plan 2025-2029, aiming for a sustainable future while focusing on low-cost oil production and low-carbon initiatives. The company plans to invest $111 billion over the next five years, prioritizing projects with high economic and environmental resilience. With an ambition to maintain its energy supply dominance, Petrobras is set to deploy advanced production systems to achi

TipRanks 5 months ago

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Petrobras Partners with Yara to Boost Industrial Production

Petroleo Brasileiro SA- Petrobras (PBR) has released an update. Petrobras has entered into agreements with Yara to restart domestic production of Automotive Liquid Reducing Agent (ARLA 32) and develop joint studies on fertilizers and decarbonization projects. The partnerships aim to enhance production efficiency and increase the supply of industrial products in the market. Additionally, Petrobras plans to invest R$870 million to bring the Araucária plant back online by May 2025. For further insi

TipRanks 5 months ago

PBR

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Implied Volatility Surging for Petroloe Brasileiro (PBR) Stock Options

Investors need to pay close attention to Petroloe Brasileiro (PBR) stock based on the movements in the options market lately.

Zacks 5 months ago

PBR

PBR-A
Petrobras Denies Media Speculation on Dividends and Strategy

Petroleo Brasileiro SA- Petrobras (PBR) has released an update. Petrobras has clarified that recent media reports about changes in its dividend payments and strategic plans are inaccurate. The company stated that any decisions regarding dividends are made by the Board of Directors, and the details of its Strategic Plan for 2025-2029 are still being developed. Petrobras emphasized that any current information regarding investment volumes or dividend distribution is speculative. For further insigh

TipRanks 5 months ago

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Petrobras Secures Key Contracts in Pelotas Basin

Petroleo Brasileiro SA- Petrobras (PBR) has released an update. Petrobras, in partnership with Shell and CNOOC, has finalized three concession contracts in the Pelotas Basin, marking the completion of its participation in the 4th Permanent Concession Offer Cycle with a total of 29 contracts. This strategic move enhances Petrobras’ position as a dominant operator in deep and ultra-deep water fields, aiming to diversify its portfolio and bolster its future reserves. The company holds a 50% stake i

TipRanks 6 months ago

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Petrobras Unveils Major Gas Discovery in Colombia

Petroleo Brasileiro SA- Petrobras (PBR) has released an update. Petrobras has announced a significant gas discovery in Colombia, with an estimated 6 trillion cubic feet of gas in place in the Guajira Offshore Basin, marking a substantial find for the local market. Operated by Petrobras International Braspetro B.V. in partnership with Ecopetrol, the consortium will progress with development plans in the region. The announcement promises future studies to assess the commercial viability of the res

TipRanks 6 months ago

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Moody’s Elevates Petrobras’ Financial Outlook

Petroleo Brasileiro SA- Petrobras (PBR) has released an update. Moody’s has improved the financial outlook for Petrobras from stable to positive, while maintaining its ‘Ba1′ credit rating. This adjustment mirrors the upgrade of Brazil’s sovereign rating and acknowledges Petrobras’ consistent operational and financial progress. The company’s continued commitment to fiscal and operational discipline is expected to sustain this positive trend. For further insights into PBR stock, check out TipRanks

TipRanks 6 months ago

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Petrobras upgraded to Overweight from Neutral at JPMorgan

JPMorgan upgraded Petrobras to Overweight from Neutral with a price target of $18, up from $15.50. The firm cites the company’s “supportive” free cash flow and “discounted” valuation for the upgrade. JPMorgan updated estimates and established December 2025 price targets for the Latin America oil and gas sector, incorporating a more conservative scenario regarding oil prices, production curves, and margins. Despite this conservative outlook, it continues to see value in the oil and gas sector. Pu

TipRanks 7 months ago

PBR

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

Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) today announced (i) the settlement of the international capital markets offering of US$1.0 billion 6.000% Global Notes due 2035 (the "New Notes and such offering, the "New Notes Offering"), issued by its wholly-owned subsidiary, Petrobras Global Finance B.V. ("PGF") and (ii) the final results and settlement of the previously announced cash tender offers by PGF, with respect to any and all of PGF's outstanding notes of the series set

PR Newswire 7 months ago

PBR

PBR-A
PETROBRAS ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF CASH TENDER OFFERS

Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) today announced the expiration and expiration date results of the previously announced cash tender offers (each, an "Offer" and collectively, the "Offers") by its wholly-owned subsidiary, Petrobras Global Finance B.V. ("PGF"), with respect to any and all of its notes of the series set forth in the table below (the "Notes" and such offers, the "Offers").

PR Newswire 7 months ago

PBR

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

Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. ("PGF"), has commenced (i) an offering of a new series of U.S. dollar-denominated global notes in the international capital markets (the "New Notes"), subject to market and other conditions (the "New Notes Offering"), and (ii) cash tender offers to purchase any and all of certain of its outstanding U.S. dollar-denominated notes (the "Tender Notes" and such offe

PR Newswire 7 months ago

PBR

PBR-A

Performance Overview

Return	PJXC.BE	IBOVESPA (^BVSP)
YTD	-12.46%	+10.98%
1-Year	+35.62%	+3.91%
3-Year	+46,577.43%	+26.97%

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Petroleo Brasileiro SA Petrobras (PJXC.BE)

Petrobras (PBR) Loses Steam Alongside Its Dividend

Petrobras Welcomes New Brazilian Oil and Gas Legislation

Petrobras Halts Divestment of Uruguá and Tambaú Fields

SLB OneSubsea awarded subsea boosting contract by Petrobras for the Buzios field

Petrobras Advances Sergipe Deep Waters Project with New FPSOs

Petrobras to Distribute R$ 20 Billion in Dividends

Petrobras Unveils Ambitious Strategic and Business Plans

Petrobras Partners with Yara to Boost Industrial Production

Implied Volatility Surging for Petroloe Brasileiro (PBR) Stock Options

Petrobras Denies Media Speculation on Dividends and Strategy

Petrobras Secures Key Contracts in Pelotas Basin

Petrobras Unveils Major Gas Discovery in Colombia

Moody’s Elevates Petrobras’ Financial Outlook

Petrobras upgraded to Overweight from Neutral at JPMorgan

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

PETROBRAS ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF CASH TENDER OFFERS

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

Performance Overview