PBR-A - Petróleo Brasileiro S.A. - Petrobras
| Previous Close | 10.95 |
| Open | 11.13 |
| Bid | 11.13 x 1000 |
| Ask | 11.14 x 4000 |
| Day's Range | 11.00 - 11.16 |
| 52 Week Range | 7.86 - 14.93 |
| Volume | |
| Avg. Volume | 8,258,961 |
| Market Cap | 75.276B |
| Beta (5Y Monthly) | 1.00 |
| PE Ratio (TTM) | 2.01 |
| EPS (TTM) | 5.53 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 6.43 (59.92%) |
| Ex-Dividend Date | Apr 28, 2023 |
| 1y Target Est | 13.81 |
ZacksPetrobras (PBR) to Boost Oil Production in Buzios Field
Petrobras (PBR) commences production on the FPSO Almirante Barroso platform in Brazil's Buzios field, which has the capacity to produce up to 150,000 barrels of oil and 6 million cubic meters of gas per day.
ZacksTotalEnergies (TTE) Signs PSC for Offshore Agua Marinha Block
TotalEnergies (TTE), along with Petrobras, QatarEnergy and PETRONAS Petroleo Brasil Ltda, enters into a production sharing contract for the Agua Marinha block.
BloombergPetrobras Captures Carbon to Ramp Up Gas Production, and Calls It Green
(Bloomberg) -- Brazil’s state-controlled oil giant Petrobras is capturing and storing a growing amount of carbon dioxide below the seabed in a strategy that helps it boost oil and natural gas production. It also calls it green.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceDebt-Limit Deal Passes the House, Easing US Default ConcernsBillionaire Perot Wa
- Reuters
UPDATE 2-Brazil's Petrobras revises strategic plan to boost low-carbon investments
Brazilian state-run oil company Petrobras on Thursday said its board of directors had approved a revision of part of its 2023-2028 strategic plan in a bid to increase investments in low-carbon initiatives. Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that under the new plan it would target 6% to 15% of its total capital expenditure (CAPEX) for low carbon, up from 6% in the 2023-2027 strategic plan. The move, Petrobras said, is aimed at preparing the company for the energy transition, "reconciling the current focus on oil and gas with the search for diversification of our portfolio in low-carbon businesses."
ReutersPetrobras eyes global expansion as Brazil hopes fade, sources say
Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade. Petroleo Brasileiro, as the company is formally known, has spent years reducing its international footprint to focus on deepwater assets in Brazil's vaunted pre-salt areas, so its impulse to explore foreign opportunities is an about-face. President Luiz Inacio Lula da Silva, during his last mandate in 2008, compared the first major oil discoveries pre-salt fields far off Brazil's coastline to a winning lottery ticket.
- Reuters
FOCUS-Petrobras eyes global expansion as Brazil hopes fade, sources say
Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade. Petroleo Brasileiro, as the company is formally known, has spent years reducing its international footprint to focus on deepwater assets in Brazil's vaunted pre-salt areas, so its impulse to explore foreign opportunities is an about-face. President Luiz Inacio Lula da Silva, during his last mandate in 2008, compared the first major oil discoveries pre-salt fields far off Brazil's coastline to a winning lottery ticket.
ZacksOil & Gas Stock Roundup: ConocoPhillips' Acquisition, Shell's AGM & More
Apart from ConocoPhillips (COP) and Shell (SHEL), TechnipFMC (FTI), Eni (E) and Petrobras (PBR) hogged attention during the week.
ZacksPetrobras (PBR) Challenges Ibama's Environmental License Decision
Petrobras (PBR) seeks reconsideration of Ibama's environmental license denial, citing compliance with requirements and commitment to environmental protection.
ZacksIs Petrobras (PBR) a Potential Pick for Value Investors?
Is Petrobras (PBR) a great pick from the value investor's perspective right now? Read on to know more.
- Reuters
UPDATE 2-Brazil's Petrobras to appeal ban on drilling near sensitive Amazon site
Brazilian state-run oil company Petrobras will next week appeal the decision from environmental regulator Ibama barring it from drilling an oil well near the Amazon river, the company said on Friday. The dispute marks an early test for leftist President Luiz Inacio Lula da Silva, who has sought to balance environmental concerns against the need to promote economic development at a time when government finances are tight. Petrobras believes it is possible to maintain equipment it has deployed to the drilling site through May 29 without additional costs, the company said in a securities filing.
ZacksPetrobras' (PBR) Request to Drill at Amazon River Gets Rejected
Petrobras (PBR) faces a setback in the Amazon River well drilling project following the rejection of its proposal by Ibama. The dismissal is based on a technical recommendation citing discrepancies.
BloombergBrazil Petrobras Blocked From Drilling at Key Offshore Zone
(Bloomberg) -- Brazil’s environmental authority has rejected Petrobras’s request to drill its first well at an offshore oil frontier known as the Equatorial Margin, delivering a major setback to the state-controlled oil company’s exploration plans. Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsNYC Skyscrapers Sit Vacant, Exposing Risk
ZacksPetrobras (PBR) Identifies Hydrocarbons in Aram Block Well
Petrobras (PBR) discovers hydrocarbons in an exploratory well in the Aram block, situated in the Santos Basin pre-salt offshore Brazil.
- Reuters
UPDATE 1-Brazil environment agency rejects Petrobras' request to drill at Amazon
The Brazilian environmental protection agency Ibama said on Wednesday it had rejected a request from state-run oil company Petrobras to drill a well at the mouth of the Amazon river. Petrobras has for years been trying to open up a new exploration front on the coast of Amapa state in northern Brazil near Guyana, where Exxon Mobil has made important discoveries. A technical report from Ibama had previously advised against the request, citing discrepancies in environmental studies, inadequate measures for communicating with indigenous communities, and insufficiencies in Petrobras' plan to safeguard the region's wildlife.
- Reuters
Brazil finance minister signals Petrobras will cut fuel prices again in July
Brazil Finance Minister Fernando Haddad indicated on Wednesday that state-run oil company Petrobras will once again reduce gasoline prices in July when a tax on oil exports expires. Speaking at a hearing in the Lower House, Haddad said: "We did not lower prices as much as we could precisely because we are waiting for July 1st, when the export tax ends and the tax resumption cycle (on fuels) ends." Petrobras did not immediately respond to a request for comment.
ZacksTop Stock Reports for Broadcom, Bank of America & Thermo Fisher Scientific
Today's Research Daily features new research reports on 16 major stocks, including Broadcom Inc. (AVGO), Bank of America (BAC) and Thermo Fisher Scientific (TMO).
- Reuters
EMERGING MARKETS-Mexico's peso leads declines among Latam FX, Turkish assets fall
* Brazil's retail sales beat estimates * Turkey bank stocks, bonds fall for third day * Ecuador president dissolves legislature * Latam FX down 0.8%, stocks down 0.3% By Amruta Khandekar May 17 (Reuters) - Most Latin American currencies fell against a firm dollar on Wednesday with the Mexican peso spearheading declines, while Turkish assets fell for a third straight day following the presidential election outcome. MSCI's index for Latin American currencies was down 0.8% at 1416 GMT, as the dollar strengthened amid ongoing talks to raise the U.S. debt ceiling. The Mexican peso fell 0.7%, slipping further away from seven-year highs hit earlier this week, a day ahead of a monetary policy decision where the central bank is expected to keep interest rates unchanged.
ZacksPetrobras (PBR) Q1 Earnings Miss Estimates on Lower Oil Price
At the end of the first three months of 2023. Petrobras (PBR) had a net debt of $37,588 million, down from $40,072 million a year ago and $41,516 million as of Dec 31, 2002.
BloombergPetrobras Eases Fears of Fuel Intervention in Policy Shift
(Bloomberg) -- Brazilian oil giant Petrobras is shielding domestic consumers from volatile global fuel-market gyrations, bowing to pressure from President Luiz Inacio Lula da Silva who made controlling gasoline costs a key election pledge. Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanGoldman Banker Wins Promotion, Then L
- Reuters
EMERGING MARKETS-Weak copper prices weigh on Chile's peso, Turkish assets extend losses
* Chile's peso leads declines among Latam FX * Mexican peso slips from 7-year highs * Brazilian lawmaker proposes to toughen new fiscal rules (Updates prices throughout, adds market details) By Amruta Khandekar, Khushi Singh and Ankika Biswas May 16 (Reuters) - Most Latin American currencies fell on Tuesday, with the Chilean peso leading declines on a slide in copper prices, while the rout in Turkish markets deepened following President Tayyip Erdogan's strong showing in the elections. Weighing on the Chilean peso was declining copper prices as data from top consumer China suggested that the country's economic recovery was losing momentum.
- Reuters
UPDATE 2-Brazil's Petrobras says made no decision on acquiring control of Braskem
Brazilian state-run oil company Petrobras said on Monday it made no decision on a potential increase in its stake in petrochemical firm Braskem, after local media reported it was mulling buying out its partner Novonor. The firm said in a securities filing its board and management made no decision regarding "the process of disinvestment or stake increase in Braskem." Newspaper Folha de S.Paulo reported earlier on Monday that the firm was considering acquiring Braskem's shares owned by Novonor, formerly known as Odebrecht.
- Reuters
EMERGING MARKETS-Chile's peso hits fresh three-month high, Turkey heads for presidential runoff vote
* Chile holds rates steady * Argentina's cbank hikes interest rates to 97% * Brazil's Petrobras to discuss fuel pricing policy change * Turkey assets weaken as presidential runoff looms By Amruta Khandekar May 15 (Reuters) - Latin American currencies gained on Monday with Chile's peso hitting an over three-month high, while Turkish assets were pressured as presidential elections headed towards a runoff between incumbent Tayyip Erdogan and his main rival. The peso climbed 0.7%, extending gains from Friday, when the country's central bank kept its benchmark interest rate unchanged at 11.25%.
ReutersBrazil's Petrobras to pay $5 billion in dividends, but hints at changes
SAO PAULO (Reuters) -Brazil's state-run oil company Petrobras said on Thursday its board approved dividends later this year of about 24.7 billion reais ($4.94 billion), but also hinted at future changes in its payout policy. Petroleo Brasileiro SA, as the firm is formally known, said in a filing with regulators that it will pay dividends of 1.893577 reais per share in two installments on August 18 and September 20. The Brazilian oil giant noted that the payouts are in line with its current shareholder remuneration policy, which allows distributions to investors of 60% of the difference between operating cash flow and investments.
- Reuters
CORRECTED-Brazil's Petrobras denies it is talking to Mubadala about Braskem
Brazil's state-run oil company Petrobras said Tuesday that it is not conducting any asset sales in the private market and denied it was in talks with Abu Dhabi's Mubadala investment fund about its stake in the Braskem petrochemical company. Petrobras' statement came after Novonor, also a shareholder in Braskem, on Friday in response to local media reports said it had received non-binding proposals from potential interested parties for its controlling stake in Braskem. "Petrobras, in relation to the news reported in the media, informs that it is not conducting any sale operation structuring in the private market and that it does not participate in the negotiations mentioned," the oil company said.
Motley FoolWhy Oil and Gas Majors Chevron, ExxonMobil, and Petrobras Were Plunging Today
A combination of negative economic data and thin trading in oil markets led to a sharp drop in crude prices Tuesday.