Petroleo Brasileiro SA ADR Stock News

I'm upgrading Petrobras (PBR) (PBR.A) to "Buy" due to its undervaluation amid strong production levels and disciplined financial control despite macro and idiosyncratic risks. Brazil's tight monetary policy and fiscal concerns, along with lower refining margins, have pressured PBR's stock, but its fundamentals remain strong. Petrobras' increasing production, high utilization rates, and healthy ...

Petrobras is a highly profitable oil company with attractive growth projects and a very high dividend yield, making it a compelling investment. The company's new 5-year plan includes $111 billion in investments, expected to generate significant free cash flows and maintain high dividend payouts. Political risks from Brazil's President Lula exist but are not dramatic, with no significant negativ...

HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) today announced that it has been awarded, after a competitive tender, a new contract by Petrobras (NYSE: PBR) for integrated services across all offshore fields operated by Petrobras in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids t...

Brazil's state-run oil firm Petrobras cut $1.1 billion in planned investments in decommissioning oil and gas platforms in its strategic plan for the 2025-2029 period, compared to what was earmarked in its 2024-2028 plan, the company told Reuters.

Brazilian President Luiz Inacio Lula da Silva will appoint Petrobras chairman Pietro Mendes to a senior position at oil regulator ANP, local newspaper O Globo reported on Wednesday, citing a document from the presidential chief of staff.

Brazilian federal prosecutors asked state-run oil firm Petrobras to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama.

Petrobras investors are navigating weakened optimism on the stock, notwithstanding its attractive valuations. PBR's revised capital spending plan suggests the focus remains on its core exploration and production activities. Assumptions of lower Brent crude prices through 2025 and higher CapEx could have increased concerns about future dividend increases.

Petrobras, with a $93 billion market cap, plans to spend more than its current value on capital expenditures, indicating strong long-term potential. The company's 5-year guidance plan emphasizes substantial investments while ensuring robust shareholder returns, showcasing its commitment to growth and value creation. Despite its undervaluation, Petrobras presents a compelling investment opportun...