Petroleo Brasileiro SA ADR Stock News

Brazil's state-run oil firm Petrobras and Norway's Equinor were the big winners in an auction for blocks in Brazil's pre-salt area, acquiring one block each and partnering up to explore a third one, the country's oil regulator ANP made public on Wednesday.

Brazilian state-run oil company Petrobras' could start oil and gas production in the Foz do Amazonas basin within seven years if large reserves are confirmed, the company's Chief Executive Magda Chambriard told Reuters on Tuesday.

Brazil's environmental agency Ibama authorized state-run oil company Petrobras to conduct exploratory research by drilling well in the Foz do Amazonas region, the firm said in a statement on Monday.

Brazil's environmental agency Ibama has requested additional information from state-run oil firm Petrobras as part of the licensing process for drilling in the Foz do Amazonas Basin, according to documents seen by Reuters on Tuesday.

Brazil's state-run oil company Petrobras is pushing for a mandate for the use of diesel coprocessed with vegetable oil, CEO Magda Chambriard said on Tuesday, adding that the firm can produce fuel with up to 10% renewable content.

Petróleo Brasileiro S.A. - Petrobras offers compelling value with a high ~13% dividend yield and significant production growth potential. Despite recent earnings pressure from lower petroleum prices, PBR remains highly profitable and continues to expand its production base. Petrobras has seen 5% Q/Q production growth in Q2'25, tied to production start-ups off the coast of Brazil.

Petrobrás' production grew 7.8% in one year, from 2Q2024 to 2Q2025. The company's Adjusted EBITDA for the second quarter of 2025 amounted to $9.242 billion. Annualizing the first quarter figures, we see that EV/EBITDA reached 3.49x. Based on a comparison by multiples, even in this scenario, the company's potential is evident.

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