Petrobras: Low-Risk Energy Play
- 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.
- 10/14/2025
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Petrobras: Still Brazil's Oil Pearl
- 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.
- 10/11/2025
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Undercovered Dozen: Petrobras, Richtech Robotics, Enbridge And More
- The Undercovered Dozen highlights 12 lesser-covered stocks and funds with unique investment theses and recent developments, curated for fresh portfolio ideas. Featured companies include Petrobras, Richtech Robotics, C3.ai, Enbridge, and Vertiv Technologies, each with distinct risk/reward profiles. Several stocks, such as ENB and USAC, are praised for strong cash flows, dividend yields, and positioning for AI-driven or energy sector growth.
- 10/10/2025
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Brazil's Petrobras set to deliver 20% of country's total demand for nitrogen fertilizers, CEO says
- Brazilian oil company Petrobras will be able to deliver about 20% of the country's total demand for nitrogen fertilizers when it restarts operations at three local plants, CEO Magda Chambriard said on Thursday.
- 10/09/2025
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Brazil's Petrobras faces $34 million cost as drillship sits idle in Foz do Amazonas
- Brazilian state-run oil firm Petrobras has racked up 180 million reais ($33.7 million) in costs to keep a drillship on standby in the Foz do Amazonas basin, a company source and a local union said, as it awaits a regulator's decision on a drilling request.
- 10/08/2025
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Brazil's Petrobras to invest $486 mln in naval sector, fertilizer plant in Bahia state
- Brazilian state-run oil company Petrobras plans to invest around 2.6 billion reais ($486 million) in the Brazilian northeastern state of Bahia, the firm's CEO said on Wednesday.
- 10/08/2025
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Petrobras: Buy This Gigantic Yield
- Petrobras (PBR) offers a compelling mix of high-quality offshore assets, robust cash flow, and a double-digit dividend yield at a deeply discounted valuation. PBR's pre-salt oil fields deliver great returns and low break-even costs, supported by efficient capital management and favorable local wage structures. Despite political and country-specific risks, PBR's government backing, resilient asset base, and disciplined capital allocation underpin its long-term income potential.
- 10/08/2025
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Brazil's Petrobras signs $1.8 billion contracts for Boaventura refining project
- Brazilian state-run oil firm Petrobras said on Monday it has contracted building services for its Boaventura refining project in contracts totaling 9.6 billion reais ($1.81 billion).
- 10/06/2025
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Brazil's Petrobras imports natural gas from Argentina for the first time
- Brazil's state-controlled oil company Petrobras has made its first import of non-conventional natural gas from Argentina's Vaca Muerta reserve in the Neuquen basin, the company said on Monday.
- 10/06/2025
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VALLOUREC SECURES A NEW ORDER WITH PETROBRAS FOR SUBMAGNÉTICO FREE FLOW®
- VALLOUREC SECURES A NEW ORDER WITH PETROBRAS FOR SUBMAGNÉTICO FREE FLOW ® Meudon (France), October 1 st 2025 – Vallourec, a world leader in premium seamless tubular solutions, announces a new order for SUBMAGNÉTICO FREE FLOW ® , its Oil Country Tubular Goods (OCTG) solution designed to prevent inorganic scaling in production strings. This new order signed with the Brazilian operator, Petrobras, covers the production and installation of more than 30 units, to be delivered and installed in Brazil's offshore pre-salt fields.
- 10/01/2025
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Petrobras failed one part of a test needed to obtain license to drill in Foz do Amazonas
- Petrobras failed one part of a test needed to obtain a license to drill in the Foz do Amazonas basin, Brazil's environmental agency wrote in its review made public on Wednesday.
- 09/25/2025
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Brazil environmental agency approves Petrobras emergency drill results in Foz do Amazonas
- Brazilian environmental agency Ibama approved Petrobras' emergency response test in the Foz do Amazonas basin, while also requesting some adjustments be made before granting the state-run oil firm a license to drill in the environmentally sensitive offshore region, documents seen by Reuters showed on Wednesday.
- 09/24/2025
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Brazilian oil firm Petrobras buys 27.5% stake in block in Sao Tome and Principe
- Brazilian state-run oil firm Petrobras said on Friday it had concluded the purchase of a 27.5% stake in block 4, located in the African island nation of Sao Tome and Principe, according to a securities filing.
- 09/12/2025
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Petrobras taps France's Vallourec for $1 billion offshore pipe order
- Brazilian state-run oil company Petrobras has commissioned steel tubes maker Vallourec for the supply of its offshore operations through 2029, the steel tubes maker announced on Thursday.
- 09/11/2025
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PETROBRAS CHOOSES VALLOUREC TO SUPPORT $1BN OFFSHORE OCTG PROJECTS
- PETROBRAS CHOOSES VALLOUREC TO SUPPORT $1BN OFFSHORE OCTG PROJECTS Meudon (France), on September 11, 2025 – Vallourec, a world leader in premium seamless tubular solutions, has been awarded a major contract by Petrobras as a result of a competitive bidding process for the supply of OCTG (Oil Country Tubular Goods) products and services for its offshore operations from 2026 to 2029. This long-term agreement could generate total revenue of up to USD 1 billion, representing the widest award both in volumes and revenues since Petrobras adopted the open tender strategy.
- 09/11/2025
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Brazil's environmental agency should be satisfied with Petrobras test in key offshore area, Lula says
- Brazil's President Luiz Inacio Lula da Silva said on Tuesday that environmental agency Ibama should be satisfied with the results of an emergency drill done by state-run oil firm Petrobras in the country's Foz do Amazonas basin.
- 09/09/2025
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Petrobras: Oil Giant With Exceptional Margins Worth The Political Risk
- Petrobras offers a compelling investment case due to its industry-leading margins, low breakeven costs, and robust financial health, even in volatile oil markets. Despite higher CAPEX and political risks, Petrobras remains undervalued, with a strong dividend yield and resilient cash flows supporting a Buy rating. The company's state ownership brings both advantages (favorable financing, strategic importance) and risks (political interference, lower valuation), but long-term prospects remain attractive.
- 09/07/2025
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Petrobras: When Market Fear Creates Long-Term Value
- Petrobras delivered strong earnings, resilient margins, and rising production, yet the market continues to price the stock with distressed multiples far below global peers. Political noise explains the discount, but fundamentals remain solid with double-digit dividend yield, net debt/EBITDA of 1.0x, and one of the most profitable offshore portfolios worldwide. A long-term investment plan of $111B through 2029 consolidates pre-salt leadership while funding energy transition projects, showing Petrobras can balance growth, profitability, and financial discipline.
- 09/06/2025
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Petrobras' Dividend Story Still Rich, Thanks To Volatile State-Run Status
- PBR's stock price moderation mirrors that of the normalizing Brent oil spot prices, thanks to the OPEC+ output hikes and the US's increased production through 2026. The management has opted to mitigate the lower realized prices by -20.1% YoY with higher production outputs by +12% YoY, allowing them to report stable top/bottom lines thus far. While the heightened capex has already triggered a declining free cash flow generation, we are not overly concerned, indeed, since it is part and parcel of oil/gas investing.
- 09/04/2025
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Petrobras Can Withstand Tariff Pressure, CEO Says
- Petrobras Chief Executive Officer Magda Chambriard says the energy company can withstand pressure from President Donald Trump's trade war. She speaks exclusively to Bloomberg's Annmarie Hordern in Sao Paulo.
- 09/02/2025
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Petrobras CEO Trump Tariffs, Oil Prices, Supply Chain
- Petrobras Chief Executive Officer Magda Chambriard talks about the impact of President Donald Trump's tariffs on oil prices and production. She says the company can withstand pressure from tariffs because of demand for products in Asia.
- 09/02/2025
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Petrobras CEO touts strong demand from China, India
- Brazil's Petrobras has been seeing strong demand from India and China for its products, CEO Magda Chambriard said on Tuesday, noting the two countries could have shielded the state-run oil company from the impacts of potential U.S. tariffs.
- 09/02/2025
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Brazil's Petrobras lowers jet fuel prices by 3.7%
- Brazilian state-run oil company Petrobras will lower the average price of jet fuel sold to distributors by 3.7%, or 0.13 real ($0.0240) per liter, starting September 1, the company said on Monday.
- 09/01/2025
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Petrobras open to IG4 plan to take control of Braskem, sources say
- Brazil's state-run oil firm Petrobras has been receptive to a proposal by IG4 Capital to take over engineering group Novonor's controlling stake in Latin America's largest petrochemical company, Braskem , four people familiar with the talks told Reuters.
- 08/29/2025
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Oceaneering Announces $180 Million of Subsea Robotics Contracts with Petrobras
- HOUSTON--(BUSINESS WIRE)--Oceaneering Announces $180 Million of Subsea Robotics Contracts with Petrobras. Providing ROV services, tooling packages, and survey services.
- 08/28/2025
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Petrobras: Why Traders Are Betting Big on a Shareholder Payout
- A high-stakes debate is unfolding at Petróleo Brasileiro S.A. - Petrobras NYSE: PBR.A, Brazil's state-controlled energy sector champion.
- 08/26/2025
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Petrobras Awards Katalyst a Strategic Geoscientific Data Services Contract in Brazil
- RIO DE JANEIRO--(BUSINESS WIRE)-- #Brazil--Katalyst Data Management, a global leader in subsurface data management and data operations services, is pleased to announce that Petrobras, Brazil's largest energy company, has officially joined its client portfolio. The contract between the two companies was signed on May 23, 2025, marking a significant milestone in Katalyst's growth and presence in the Brazilian market. Through our Brazil subsidiary Geopost, this partnership reinforces Katalyst's strategic po.
- 08/26/2025
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Moretti top candidate to become Petrobras chairman, source says
- Bruno Moretti is the leading candidate to become chairman of Brazil's state-run oil company Petrobras after Pietro Mendes resigned from the role, a source familiar with the matter told Reuters on Friday.
- 08/21/2025
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Petrobras worried about upcoming change in Brazil's reference oil price, CEO says
- State-run oil firm Petrobras is worried about an upcoming change in Brazil's reference oil price that determines some taxes and royalties drillers pay, as it could weaken the economic viability of projects in offshore post-salt fields and in its onshore business, CEO Magda Chambriard said on Monday.
- 08/18/2025
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Brazil's Petrobras needs to be in LPG market, CEO says
- Brazil's Petrobras cannot afford to miss out on the opportunity to sell liquefied petroleum gas (LPG), or cooking gas, as it is a high-margin business, CEO Magda Chambriard said on Monday.
- 08/18/2025
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Raizen shares jump after reports of potential Petrobras investment
- Shares in Raizen jumped more than 10% on Monday following a weekend report from Brazilian newspaper O Globo, which said Petrobras is exploring investment opportunities in the sugar and ethanol producer.
- 08/18/2025
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Brazil's Petrobras eyes increase of production at three FPSOs
- Brazilian state-run oil firm Petrobras is looking to increase production at three floating offshore production platforms (FPSO) it operates in the country, the head of Exploration and Production, Sylvia dos Anjos, said on Monday.
- 08/18/2025
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Petrobras mulls investment in Raizen to re-enter ethanol market, O Globo reports
- Brazilian state-run oil company Petrobras is considering an investment in sugar and ethanol producer Raizen as a way to re-enter the ethanol market, local newspaper O Globo reported on Saturday, citing sources.
- 08/16/2025
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Petrobras simulation for Foz do Amazonas drilling license scheduled for late August
- Brazilian environmental agency Ibama and state-run oil company Petrobras have scheduled a disaster simulation in the country's Foz do Amazonas region for the week of August 24, Ibama said on Wednesday.
- 08/13/2025
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Undercovered Dozen: Petrobras, IonQ, Brookfield Infrastructure And More
- This week's Undercovered Dozen spotlights 12 lesser-followed stocks, offering unique investment theses and actionable ideas for retail investors. Petrobras stands out for its massive 14% yield, low valuation, and strong operational performance, making it a compelling value play despite political baggage. IonQ is highlighted as a quantum computing leader with a robust ecosystem, presenting a long-term bullish case ahead of earnings.
- 08/12/2025
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Petrobras: Financial Strength Intact Despite No Extra Dividends
- Petrobras continues to deliver strong cash flow and production growth, especially from Brazil's pre-salt assets, despite a challenging oil price environment. The company is investing heavily in new FPSOs and expects production to exceed targets, supporting future cash flow and shareholder returns. Petrobras maintains a high single-digit dividend yield, targeting 45% of free cash flow for shareholder returns, even with substantial capex commitments.
- 08/11/2025
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Petrobras swings to profit in Q2, announces dividends of $1.6 billion
- Brazilian oil firm Petrobras on Thursday announced dividends and interest on equity to shareholders of 8.66 billion reais ($1.60 billion) as it reported a swing to a second quarter net profit of 26.7 billion reais.
- 08/07/2025
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BP-Petrobras partnership on Bumerangue block hinges on CO2 levels, sources say
- A possible partnership between BP and Petrobras to develop the British firm's oil and gas find in Brazil's pre-salt layer would hinge on carbon dioxide levels in the reservoir, three sources at the Brazilian state-run oil firm told Reuters.
- 08/06/2025
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International Oil Dividend Stocks: I Prefer Suncor Energy Over Petrobras
- Latest dividend declarations foretell less pressured earnings at Suncor Energy Inc. compared to Petróleo Brasileiro S.A. - Petrobras. Other considerations also support a more favorable outlook for SU. These considerations include PBR's higher payout ratio, lower asset turnover, and also heavier debt burden when compared to SU.
- 08/04/2025
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Petrobras: Big Yield, Bigger Bargain
- PBR is delivering strong profits, rising production, and a 14% dividend yield, all while trading at just 4.7x earnings and near book value. Production growth is driven by highly profitable pre-salt assets and new FPSOs, with downstream expansion and international exploration adding further upside. Aggressive but focused capex is fueling growth, backed by robust operating cash flow, and a healthy balance sheet.
- 08/02/2025
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Petrobras posts Q2 oil and gas output up nearly 8% from year earlier
- Brazilian state-run oil firm Petrobras reported on Tuesday a total oil, gas and gas liquids production of 2.91 million barrels of oil equivalent per day (boed) in the second quarter, up 7.8% from a year earlier.
- 07/29/2025
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Shares of Vibra down on report Petrobras eyeing fuel retailing
- Shares of Brazilian fuel distributor Vibra Energia fell on Thursday after Bloomberg News reported that state-run oil firm Petrobras was eyeing a return to fuel retailing and its board would discuss the topic this week.
- 07/17/2025
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Exclusive: Petrobras may redirect oil to Asia due to US tariff on Brazil, CEO says
- Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday.
- 07/17/2025
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Brazil's Petrobras names new head of energy transition and sustainability
- Brazilian state-run oil firm Petrobras elected Angelica Laureano as its new head of energy transition and sustainability, the firm said on Friday.
- 07/11/2025
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Petrobras: Deeply Discounted Dividend Story - Maintain Buy Despite New Normal
- PBR's state-run status has triggered its deeply discounted valuations - a critical factor that is further supported by the rich spreads against the low break-even point. These reasons are why the contested stock remains a compelling dividend story, especially since it offers double-digits yields and generous payouts. Thanks to the normalization in crude oil spot prices, the PBR management will also be revising its 5Y capex plans downwards, with it implying further Free Cash Flow tailwinds.
- 07/08/2025
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Petrobras weighs options for Polo Bahia onshore fields, including sale, says CEO
- Brazil's state-run oil firm Petrobras is weighing options for its Polo Bahia onshore oil fields, including a potential sale, Chief Executive Magda Chambriard said on Saturday, adding that any decision will prioritize returns and shareholder interests.
- 07/05/2025
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Brazil's Petrobras to invest $4.8 billion reais in integration between Reduc and Boaventura
- Brazilian state-run oil firm Petrobras will invest 26 billion reais ($4.80 billion) in an integration between the Reduc refinery and the Boaventura energy complex in Rio de Janeiro state, it said in a statement on Thursday.
- 07/03/2025
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Petrobras: Fell Into A Value Trap (Downgrade)
- Petrobras remains cheap, but persistent macro, geopolitical, and government risks weigh on any re-rating potential, especially compared to energy peers. Lower oil prices, rising Brazilian rates, and fiscal/inflation challenges have weighed on PBR in 2025. PBR's Dividend yield near 10% assures income investors. But, shrinking FCF and muted growth outlook could eat into gains in the next two years.
- 07/01/2025
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Petrobras: A Deep Value Company Even In A Volatile Context LATAM
- Petrobras is a comprehensive oil company. Like many companies in Latin America, such as YPF and Ecopetrol, the company's shareholding is divided between private investors and the Brazilian state. First-quarter production levels, Petrobras reported a total of 22.7 million BOE/d, representing a 5.4% increase compared to Q4 2024. The amount of net cash provided by Op Act was $8.5 billion. If we annualize this, we see that the P/CF equal to 2.32x.
- 06/27/2025
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Petrobras sees new Brazil biofuel mandates as positive, executive says
- Brazil's move to increase the level of biofuels mixed into fossil fuels in the country is positive and could reduce gasoline imports, state-run oil giant Petrobras' industrial processes head William Franca said on Wednesday.
- 06/25/2025
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Brazil's Petrobras holds off on fuel price hike for now, sources say
- Brazil's Petrobras is closely monitoring geopolitical tensions in the Middle East, which have pushed global oil prices higher in recent weeks, but does not plan to tweak domestic fuel prices for now, two company sources told Reuters on Monday.
- 06/23/2025
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Petrobras signs $892 mln in contracts to complete RNEST refinery expansion
- Brazilian state-run oil firm Petrobras announced on Monday it signed contracts worth approximately 4.9 billion reais ($892.3 million) for the completion of a new refining unit at its RNEST refinery.
- 06/16/2025
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Petrobras: A Value Opportunity
- Petrobras offers strong profitability and attractive valuation metrics, trading at a significant discount to peers despite robust margins and earnings yield over 12%. Political risk in Brazil, particularly from the current government, is the main reason for Petrobras' low valuation, but upcoming elections could unlock higher valuations. Brazil's economic fundamentals remain solid, with low unemployment and stable GDP growth.
- 06/13/2025
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Petrobras: A Bargain During Hard Times For Oil
- Petrobras offers high dividend yields and trades at low valuations, making it an attractive buy for investors seeking non-American oil exposure. Political risks in Brazil have subsided, and government backing provides stability, though oil price volatility remains a key concern. Petrobras boasts strong profitability and operational efficiency, especially in offshore production, despite a weaker balance sheet than peers.
- 06/08/2025
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Exclusive: Petrobras aims to make Africa its main exploratory region outside Brazil
- Petrobras aims to make Africa its main region of development outside Brazil, the state-run oil firm's CEO said on Thursday, adding that Ivory Coast has extended the "red carpet" for them to explore in deep and ultra-deep waters off its coast.
- 06/05/2025
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Petrobras' Recent Weakness Means Opportunity
- Strong production growth, robust free cash flow, and double-digit dividend yields highlight Petrobras' operational and financial strength. Aggressive reinvestment in FPSOs and low-cost production support future growth, while manageable debt levels enable continued shareholder returns. Key risks include volatile oil prices and ongoing governance concerns due to Brazilian government influence, but overall value remains attractive.
- 06/05/2025
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Brazil's Petrobras cuts gasoline prices for the first time since 2023
- Brazilian state-run oil firm Petrobras said it will reduce gasoline prices to distributors from Tuesday, marking the first price cut for the fuel since October 2023.
- 06/02/2025
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Brazil's Petrobras to commission 52 vessels by 2026-end in $5.1 billion investment
- Brazil's state-run oil firm Petrobras will commission 52 vessels by 2026, investing 29 billion reais ($5.12 billion), said Chief Executive Magda Chambriard during an event on Thursday alongside President Luiz Inacio Lula da Silva.
- 05/29/2025
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Petrobras wants more power to appoint Braskem board members and directors, sources say
- Brazil's Petrobras wants to review Braskem's shareholders agreement for possible changes to allow it more say in the petrochemical firm's decisions, three sources close to the matter at the state-run oil firm told Reuters.
- 05/26/2025
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Petrobras to have drill ship ready for travel to Brazil's Foz do Amazonas by month's end, sources say
- Brazilian oil firm Petrobras will have a drill ship ready to make the trip to the northern state of Amapa by the end of the month, three sources close to the matter told Reuters, as the company rushes for a drilling license for the Foz do Amazonas basin.
- 05/20/2025
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Petrobras Q1: Higher CapEx, Weaker Oil Prices, And Fewer Dividends Ahead
- Petrobras' dividend thesis is under pressure due to rising CapEx, weaker Brent prices, and declining free cash flow. Management's aggressive investment strategy, especially in refining and energy transition, raises concerns about efficiency and future returns. Despite a still-strong dividend yield, its sustainability is doubtful given lower oil prices, higher debt, and less room for extraordinary payouts.
- 05/16/2025
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Brazil oil workers plan strike to protest Petrobras' austerity turn
- Brazil's federation of oil workers, known as FUP, announced on Thursday a two-day warning strike at state-run oil company Petrobras "in protest against the stagnation in negotiations with the company," according to a statement.
- 05/15/2025
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Petrobras: Solid Fundamentals In A Turbulent Political Environment
- Petrobras is executing a $111B plan through 2029, focused on offshore pre-salt expansion, industrial growth, and energy transition, while maintaining strong margins and efficient capital allocation. Despite solid profitability and rising production, Petrobras trades at deep discounts: P/E FWD of 4.24x and EV/EBITDA of 3.01x, over 50% below industry averages. Q1 2025 results show resilience: $6B net income (+25% YoY), $10.7B EBITDA, and 2.77MM boed production, led by new FPSOs and discoveries in Brazil and Colombia.
- 05/15/2025
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Brazil's Petrobras to revise strategic plan due to lower oil prices
- Brazilian state-run oil company Petrobras is set to revise its five-year strategic plan due to lower Brent crude oil prices, Chief Executive Magda Chambriard told analysts during the firm's first-quarter earnings call on Tuesday.
- 05/13/2025
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Brazil's Petrobras posts 49% increase in Q1 net profit
- Brazilian state-run oil firm Petrobras posted on Monday a net profit of 35.2 billion reais ($6.21 billion) for the first quarter, up 48.6% from a year earlier.
- 05/12/2025
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Petrobras announces $2.1 billion in dividends and interest on equity
- Brazilian state-run oil firm Petrobras said on Monday its board of directors approved the payment of 11.72 billion reais ($2.07 billion) in dividends and interest on equity to shareholders, or about 0.91 real per share.
- 05/12/2025
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Brazil's Unigel approves deal with Petrobras on fertilizer plants, sources say
- The board of directors of Brazilian chemical firm Unigel on Friday approved a deal proposed by oil giant Petrobras to settle legal disputes over fertilizer plants in northeastern Brazil, two sources familiar with the matter said.
- 05/09/2025
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Brazil's Petrobras hikes jet fuel prices by 0.3% in May
- Brazilian state-run oil firm Petrobras increased the price of jet fuel sold to distributors by an average 0.3% starting May 1, it said on Friday.
- 05/02/2025
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Petrobras: Gigantic Yield, It's A Buy
- Petrobras offers a massive dividend yield and trades at an undemanding valuation. The company's recent loss was due to one-time accounting items, not poor performance, with strong underlying results and cash generation. Petrobras' dividend payments are irregular but substantial, offering a high yield even if reduced, supported by strong free cash flow.
- 05/02/2025
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Petrobras posts slight drop in first-quarter oil and gas output
- Brazilian state-run oil firm Petrobras reported on Tuesday oil, gas and gas liquids production of 2.77 million barrels of oil equivalent per day (boed) in the first quarter, down 0.2% from a year earlier.
- 04/29/2025
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Petrobras approves tender to restart fertilizer plants in Brazil's northeast, say sources
- The board of Brazilian state-run oil company Petrobras on Thursday approved plans to select a partner to restart operations at its fertilizer plants in northeastern Brazil, according to four sources familiar with the matter.
- 04/18/2025
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Petrobras & Suncor Energy: For International Diversification, Consider Suncor
- Both Petrobras and Suncor Energy align well with Ray Dalio's investing principles, offering geographical diversification and commodity exposure amidst U.S.-China trade tensions. PBR and SU are less sensitive to the U.S.-China trade conflict (than say US or Chinese companies) and could potentially even benefit from U.S.-China tariff conflicts. Both companies have significantly reduced debt, improved their financial strength, and enhanced their capital allocation flexibility in recent years.
- 04/16/2025
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Brazil's Petrobras eyes exploration opportunities in India
- Brazil's Petrobras is weighing opportunities from an oil block auction set to take place this year in India, said the state-run oil firm's head of exploration and production, Sylvia dos Anjos, on Thursday.
- 04/10/2025
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Brazil's Petrobras looks at power auction for batteries as possible opportunity
- Brazil's Petrobras is looking at an auction that will contract energy from batteries for the country's electric sector "as a possibility" for the company to develop business in the area, an executive at the state-run oil firm said on Tuesday.
- 04/01/2025
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Petrobras: My Top Bet For Positive Returns In A Market-Wide Correction (Rating Upgrade)
- PBR stock has been a great stalwart in my portfolio as it has generated a positive return in this challenging corrective environment. Trump tariff threats are tightening forces on global oil markets, which is beneficial for PBR stock. Petrobras' 2025 vision has catalyzed upward revisions in production expectations for the next 4 years, providing a nice volume tailwind at attractive economics.
- 03/31/2025
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Petrobras' Double Digits Dividend Story Remains Compelling Here - Reiterate Buy
- Petrobras' ongoing correction has triggered an even richer forward dividend yields, significantly aided by the stable balance sheet health and still rich free cash flow generation. If anything, we expect the stock to further pullback in the near-term, attributed to the potentially intensified tariff/trade war and uncertain macroeconomic environment. At the same time, readers must note that PBR's FQ4 '24 bottom-line headwinds are mostly attributed to non-recurring expenses and the volatile crude oil spot prices.
- 03/29/2025
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Petrobras: High Dividend Value
- Despite a decline in production and adjusted EBITDA in FY 2024, Petrobras remained highly profitable. Given its dividend and excessive safety margin in terms of valuation, Petrobras remains a compelling investment, despite the share price moving only sideways in the last year. Petrobras is set to benefit from potential OPEC+ supply restrictions in FY 2025, which could set positive impulses for petroleum pricing.
- 03/29/2025
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Deadline of Petrobras deal with vessel adds pressure to Foz do Amazonas request
- Brazilian oil firm Petrobras needs to be granted an environmental license to drill in the sensitive Foz do Amazonas region by the end of April or it will run out of time before the contract with a drilling vessel ends in October, according to a document presented by the government.
- 03/26/2025
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Petrobras to finish analysis of the India's Shapoorji appeal in FPSO bid this week
- Brazil's Petrobras should analyze an appeal filed by India's Shapoorji Pallonji Energy in the tender to charter an offshore oil production vessel this week, the state-run oil firm's head of engineering, technology and innovation, Renata Baruzzi, said on Tuesday.
- 03/25/2025
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Brazil's Petrobras finds hydrocarbons in exploratory well in Campos Basin
- Brazilian state-run oil firm Petrobras said on Monday it found hydrocarbons in a exploratory well in the Norte de Brava bloc, located in the pre-salt layer of the Campos Basin.
- 03/24/2025
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Petrobras' animal center in Oiapoque to be ready for inspection in April
- A veterinary center run by Brazil's Petrobras in the Amazon region designed to assist animals in the event of an oil spill should be ready for inspection by environmental agency Ibama in April, documents seen by Reuters showed on Monday.
- 03/17/2025
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CERAWEEK Brazil's Petrobras in talks with US LNG suppliers for long-term deal, executive says
- Brazil's state-run oil firm Petrobras is in talks with U.S. liquefied natural gas (LNG) suppliers for a long-term import deal, a Petrobras executive said.
- 03/14/2025
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Brazil's Petrobras to clear corals off of drilling vessel to be used in Foz do Amazonas
- Brazil's Petrobras has obtained approval from the country's environmental agency to clear corals from the underside of the drilling vessel it plans to use in the Foz do Amazonas region, documents seen by Reuters showed.
- 03/11/2025
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CERAWEEK Petrobras eyes opportunities in Argentina; advances in Colombia, Africa projects
- Brazilian state-run oil firm Petrobras is looking at potential opportunities in Argentina while advancing in projects in Colombia and Africa, the firm's exploration and production head Sylvia dos Anjos said on Tuesday.
- 03/11/2025
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Petrobras' Valuation Hides Potential
- Petróleo Brasileiro S.A. - Petrobras, a major Brazilian oil company, is valued at nearly $80 billion and is one of the largest integrated oil companies globally. The company boasts an exciting portfolio of assets that it continues to expand, enhancing its investment appeal. Petrobras's strong financial performance underscores its stability and growth potential in the oil industry.
- 03/11/2025
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Brazil's Petrobras to pay $283 million to settle U.S. court dispute with EIG
- Brazilian state-run oil firm Petrobras said on Friday its board approved an agreement to settle a U.S. court dispute with EIG Energy Fund XIV, including a $283 million payment by the Brazilian company.
- 03/07/2025
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Petrobras Q4 Earnings: Unpacking The Latest Concerns
- Petrobras' 4Q24 results were marked by higher CapEx which negatively impacted dividends and raised concerns about its long-term dividend strategy. A leverage ratio increase and a 25% yearly drop in free cash flow signal financial strain amid rising investments. Political and environmental challenges, plus uncertain catalysts, make Petrobras' future outlook more risky.
- 03/01/2025
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Shares of Brazil's Petrobras dip after surprise capital spending surge
- Shares of Brazil's state-run oil firm Petrobras fell 4% on Sao Paulo's B3 exchange as markets opened on Thursday, after analysts were caught by surprise by capital expenditure spending 15% above the firm's guidance for 2024.
- 02/27/2025
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Petrobras posts fourth quarter net loss of $2.8 billion due to non-recurring events
- Brazil's Petrobras posted a net loss of 17 billion reais ($2.8 billion) in its fourth quarter due to exchange rate variation on debts between the state-run oil firm and its subsidiaries abroad, it said in a filing on Wednesday.
- 02/26/2025
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Petrobras considers canceling FPSO tender after high bid, sources say
- Brazil's state-run oil firm Petrobras is considering canceling a tender to charter a production storage and offloading vessel (FPSO) from India's Shapoorji Pallonji Energy, two sources with knowledge of the matter told Reuters.
- 02/21/2025
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Brazil's Petrobras, Banco do Brasil contract export credit notes for $1.14 billion
- Brazilian state-run oil company Petrobras and lender Banco do Brasil have contracted two export credit notes totaling 6.5 billion reais ($1.14 billion), Petrobras said on Thursday.
- 02/20/2025
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High Rates, High Returns: How Petrobras Thrives Amid Treasury Turmoil
- High Rates, High Returns: How Petrobras Thrives Amid Treasury Turmoil
- 02/20/2025
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Brazil's Petrobras to raise diesel output by 120,000 bpd this year, says director
- Brazilian state-run oil firm Petrobras expects to boost its diesel output by some 120,000 barrels per day (bpd) this year due to the expansion of S-10 diesel production in some of its refineries, the firm's industrial processes head said.
- 02/18/2025
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Petrobras sees vet center key to Equatorial Margin plans ready by March, sources say
- Brazilian oil firm Petrobras expects to ready a veterinary center in the Amazon to care for animals in the event of an oil spill by the end of March, two sources told Reuters on Monday.
- 02/17/2025
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Brazil's Petrobras announces fresh oil discovery in Buzios field
- Brazilian state-run oil firm Petrobras has confirmed the presence of oil in a well at its offshore Buzios field, the firm said on Friday, without giving details on the size of the discovery.
- 02/14/2025
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Brazil's Petrobras Can Withstand Lower Oil Prices Amid Trump's Drill Pledge, CEO Says
- Magda Chambriard, Chief Executive Officer of Brazilian state-controlled oil company Petrobras, says the firm can withstand lower oil prices following US President Donald Trump's vow to boost production for cheaper crude. Petrobras, with established markets in China and India, has a strategic plan that is "resilient" to oil at $65 a barrel, Chambriard said during an interview with Bloomberg's Menaka Doshi in New Delhi.
- 02/12/2025
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Oil Prices: Petrobras Says It Can Cope With Lower Crude Amid Trump Drill Baby Drill Vow
- Magda Chambriard, Chief Executive Officer of Brazilian state-controlled oil company Petroleo Brasileiro SA, says the firm can withstand lower oil prices following US President Donald Trump's vow to boost production for cheaper crude. Petrobras, with established markets in China and India, has a strategic plan that is "resilient" to oil at $65 a barrel, Chambriard said during an interview with Bloomberg's Menaka Doshi in New Delhi.
- 02/12/2025
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India's BPCL to sign optional crude deal with Petrobras for 2025-26
- India's Bharat Petroleum Corp will sign a contract with Brazil's Petrobras for optional crude imports of 6 million barrels in 2025-26, Chairman G Krishnakumar said on Wednesday at the India Energy Week conference.
- 02/11/2025
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Brazil's Petrobras hikes diesel prices for first time since 2023
- Brazilian state-run oil company Petrobras said on Friday it will hike the prices of diesel sold to distributors for the first time in more than a year, delivering a widely anticipated fuel price tweak.
- 01/31/2025
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Brazil's Lula says Petrobras free to decide on fuel price tweaks
- Brazilian President Luiz Inacio Lula da Silva said on Thursday that Petrobras is the one responsible for deciding on fuel prices, not him, countering media reports that he had authorized the state-run oil firm to hike diesel prices.
- 01/30/2025
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Petrobras' oil and gas reserves rose to 11.4 billion boe in 2024
- Brazilian state-run oil firm Petrobras said on Wednesday that its estimated proven reserves of oil, condensate and natural gas rose to 11.4 billion barrels of oil equivalent (boe) last year from 10.9 billion in 2023.
- 01/29/2025
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Petrobras: Undervalued Stock Meets Undervalued Currency
- Petrobras is undervalued, trading at a significant discount to peers, with a target price of $36.38 by year-end 2026, offering 162.3% potential upside. The Brazilian real's current undervaluation presents a unique opportunity, historically leading to profitable returns and limited downside. Petrobras boasts less volatile free cash flow, higher margins, and faster growth than competitors, making it a resilient investment despite political risks.
- 01/29/2025
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Petrobras Stock Is On Sale, Reiterating 'Buy'
- Petrobras' strong financials, disciplined capital allocation, and world-class asset base position it as a standout in the global energy market, despite local headwinds. The stock's forward EV/EBITDA valuation of less than 2.2x indicates significant upside potential, especially as leverage continues to decline. Petrobras' low-cost operations, premium-quality crude oil, and strategic debt reduction enhance its attractiveness, making it a bargain in the O&G market.
- 01/28/2025
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Why Petrobras Could Be The Value Stock Your Portfolio Needs
- Diversification into non-U.S. stocks like Petrobras can hedge against USD weakness, offering high yields and discounted valuations compared to U.S. peers. Petrobras' operational resilience, robust production, and strong cash flows make it attractive despite political risks from Brazilian government majority ownership. Strategic investments in high-return pre-salt projects and disciplined financial management have significantly strengthened Petrobras' balance sheet, reducing debt to its lowest level since 2008.
- 01/22/2025
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Petrobras reports record high refinery output in 2024
- Brazil's Petrobras saw output from its refineries hit an all-time high in 2024 with record production of gasoline and S-10 diesel, the state-run oil firm said on Friday.
- 01/17/2025
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Petrobras: Expanding Production At Attractive Breakeven Economics
- Petrobras is due to increase upstream production at attractive low-cost economics. The 2025 outlook for oil prices shows little scope for pricing-related upside. So volume growth is likely to be the key fundamental driver for the year ahead. Valuations are at an attractive 27% discount vs. peers from a 1-yr fwd EV/EBITDA perspective.
- 01/03/2025
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Brazil's Petrobras raises jet fuel prices by around 7% in key markets
- Brazilian state-run oil firm Petrobras hiked jet fuel prices for distributors starting on Jan. 1 by around 7% in some key marketing areas, such as Betim, Guarulhos and Duque de Caxias, data on the company's website showed on Thursday.
- 01/02/2025
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Petrobras Stock Is Now Too Undervalued (Rating Upgrade)
- 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 balance sheet support its ability to maintain high dividends and execute its $111 billion investment plan.
- 12/22/2024
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Petrobras: Massive Dividends And No Lula Problems
- 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 negative impact on Petrobras so far.
- 12/12/2024
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Brazil's Lula to swap Petrobras chairman, O Globo reports
- 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.
- 12/04/2024
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Brazil prosecutors push Petrobras for more Amazon drilling studies
- 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.
- 12/03/2024
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Petrobras: There's Still Time To Buy This On The Cheap
- 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.
- 12/02/2024
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Petrobras' 5-Year Plan Could Provide Strong Returns
- 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 opportunity due to its strategic spending and promising financial outlook.
- 12/01/2024
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Petrobras: A Gift That Keeps On Giving - Rich Yields Remain Attractive
- PBR remains a compelling investment due to its discounted valuations and rich forward dividend yields, outperforming many of its oil/ gas peers. While the moderating Brent oil spot prices and perceived risks tied to the state run status may pose headwinds, the rich dividend yields more than makes up for the risks. If anything, PBR has guided $200B in operating cash flow and substantial shareholder returns through 2029, with it further underscoring its viable dividend investment thesis.
- 11/28/2024
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Petrobras approves $3.4 billion in extra dividends, $111 billion strategic plan
- Brazilian state-run oil firm Petrobras approved on Thursday a payout of 20 billion reais ($3.4 billion) in extraordinary dividends to shareholders, and it lowered the minimum cash level required for its $111 billion strategic plan.
- 11/21/2024
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Brazil's state oil company Petrobras pitches five-year $111 bln business plan
- Brazilian state-run oil firm Petrobras announced on Monday that its management proposed to the company's board a $111 billion business plan for 2025-2029, according to a securities filing.
- 11/18/2024
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Petrobras signs deal to supply natural gas to steel mills in Southern Brazil
- Brazilian state-controlled oil giant Petrobras said on Monday it has signed a deal with steelmaker Gerdau and gas distributor Sulgas to supply natural gas to two steel mills in the southern state of Rio Grande do Sul.
- 11/11/2024
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Petrobras: A High-Yield Investment In A Pricey Market
- Petrobras achieved impressive 3Q 2024 results, with $6.9 billion in FCF and a proposed $3 billion USD dividend, highlighting its financial strength. The company is expanding internationally, reducing domestic risks and leveraging expertise, with new stakes in South Africa and increased FPSO production. Petrobras has improved its debt position, issuing a 10-year $1 billion bond at the lowest rate in a decade, freeing up cash for shareholder returns.
- 11/11/2024
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Brazil's Petrobras sees possibility of extra dividends issuance this year
- Brazilian state-run oil firm Petrobras sees as "technically possible" to issue extraordinary dividends by the end of the year if its strategic plan is approved on schedule this month, its Chief Financial Officer said on Friday.
- 11/08/2024
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Brazil's Petrobras posts 22% increase in third-quarter net profit
- Brazilian state-run oil firm Petrobras reported on Thursday some 22% increase in its third-quarter net profit from a year earlier, to 32.6 billion reais ($5.7 billion).
- 11/07/2024
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Brazil's Petrobras approves $3 billion in dividends
- Brazilian state-run oil firm Petrobras said on Thursday its board approved 17.12 billion reais ($3 billion)in dividends, which represent 1.3282 real per share, according to a securities filing.
- 11/07/2024
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Petrobras' 2025-2029 strategic plan likely to reach $110 bln, sources say
- Brazilian state-run oil firm Petrobras' new strategic plan should include some $110 billion earmarked in investments for the 2025-2029 period, two sources familiar with the matter told Reuters, representing an 8% increase from its previous multi-year forecast.
- 10/30/2024
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Brazil's Petrobras posts 6.5% fall in Q3 total production
- Brazilian oil giant Petrobras reported a 6.5% decrease year-on-year in total production in the third quarter, to 2.69 million barrels of oil equivalent per day (boepd), the state-controlled company said on Monday.
- 10/28/2024
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Baker Hughes to supply pipe systems to Brazil's Petrobras
- Oilfield services company Baker Hughes announced an agreement on Monday to supply Petrobras with 77 kilometers (47.85 miles) of flexible pipe systems for Brazil's pre-salt fields in the Santos Basin.
- 10/28/2024
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Brazil's Petrobras to reduce investments planned for 2025, sources say
- Brazil's Petrobras is set to reduce planned investments for next year, despite requests by the government for the state-run oil firm to increase CAPEX, three sources close to the matter told Reuters.
- 10/14/2024
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Petrobras posts record gasoline production in the third quarter
- Brazilian state-run oil firm Petrobras said on Monday it produced a record 6.38 billion liters of gasoline in the third quarter, without providing a comparison base for the figure.
- 10/07/2024
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Ecopetrol, Petrobras announce major gas discoveries in Colombia
- Colombia's state-run oil company oil Ecopetrol and Brazil's Petrobras on Thursday announced two major gas discoveries executives said would hugely increase reserves and help the Andean country remain self-sufficient for energy.
- 10/03/2024
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Why I'm Upgrading Petrobras Back To Buy
- I'm upgrading Petrobras back to "Buy" due to higher-than-expected FCF yield and business resilience despite struggling commodities markets. Q2 results show increased net revenues, strong cash flow, and operational efficiency, with notable production and refining achievements. Petrobras maintains low-cost production and high FCF yields, supported by unique pre-salt assets and strategic investments in exploration and renewable energy.
- 10/02/2024
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Petrobras: Double-Upgrade To Buy On New Exploration And Stable Management
- Petrobras' new strategic plan to reportedly focus more on the core exploration & production business, with fixed allocations to low carbon M&A cut out. PBR should be able to repeat its highly successful offshore playbook in the Atlantic Margin and potentially Namibia, with geology in both comparable to the pre-salt, in our view. Political risks remain, yet with new management looking the most stable since the 2022 election and their commitment to the new plan, we see most recent concerns derisked.
- 10/01/2024
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Petrobras: Still Too Cheap For Buyers To Ignore
- Petrobras stock has outperformed its energy sector peers since early August, corroborating my bullish bias. PBR's solid profitability and robust dividend yields have likely mitigated concerns over increased political interference by the Lula administration.
- 09/30/2024
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Petrobras' focus remains Brazil despite Africa plans, director says
- The main focus of Brazil state-run oil firm Petrobras remains in its home country, its director of exploration and production said on Thursday, adding that Brazil was a priority even as it intends to expand into Africa.
- 09/26/2024
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Petrobras wants a 40% stake in Galp's mega oil block in Namibia, director says
- Brazil's Petrobras is expected to seek the entire 40% stake of Namibia's Mopane oil and gas exploration block put up for sale by Portugal's Galp, a director at the state-run oil firm said on Monday.
- 09/23/2024
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TotalEnergies, Petrobras in talks for potential businesses outside Brazil
- TotalEnergies is in talks with Brazilian state-run oil firm Petrobras to jointly explore potential business opportunities outside Brazil, Chief Executive Patrick Pouyanne said on Monday.
- 09/23/2024
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Petrobras: Very High Safety Margin
- Petrobras is a highly profitable Brazilian energy firm with a significant EBITDA size. The firm is also growing its production and has attractive capital return potential. Petrobras generates a high amount of free cash flow and offers dividend investors a healthy ~13% yield. Trading at a forward P/E ratio of 4.4X, Petrobras is undervalued, even when considering government control and currency devaluation risks.
- 09/20/2024
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Petrobras Continues To Trade At A Low Valuation With Lofty Potential
- 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.
- 09/10/2024
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Petrobras Is Still A Solid Hold
- 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.
- 09/01/2024
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Petrobras: Focus On The Rich Yields & Discounted Valuations - Volatility Is Inevitable
- 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.
- 08/31/2024
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Brazil's Petrobras will seek to reduce gas reinjection when possible, says CEO
- 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.
- 08/28/2024
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Brazil's Petrobras does not see repurchase of refinery from Mubadala as a priority
- 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.
- 08/09/2024
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Petrobras keeps door open for potential extra dividends this year
- 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.
- 08/09/2024
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Brazil's Petrobras approves $2.45 billion payout to shareholders
- 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.
- 08/08/2024
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Exclusive: Petrobras' bid for Galp's Namibia prospect to include at least one partner, sources say
- 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.
- 08/02/2024
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Petrobras joins the race for Namibia's Orange Basin oil
- 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.
- 08/02/2024
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Petrobras, CNOOC and Petrochina big winners in Brazil's PPSA oil auction
- Petrobras, and Chinese oil firms CNOOC and Petrochina were the winners of a Wednesday oil auction from Brazil's Pre-Sal Petroleo (PPSA).
- 07/31/2024
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Petrobras: 2 Reasons To Buy And 1 Reason To Sell
- Petrobras is a cheap oil company with good fundamental indicators, high dividends, and positive operational prospects. Political uncertainty surrounds Petrobras due to state ownership and influence on fuel prices, impacting government popularity and policies. Petrobras offers attractive valuation, strong cash generation, high dividends, and good prospects, but state interference poses a significant risk for investors.
- 07/30/2024
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Exclusive: Petrobras bids to operate Galp's Mopane oil field in Namibia
- Brazil's state-run oil firm Petrobras has made a non-binding offer to buy a major stake in Galp Energia's huge oil offshore discovery in Namibia, Petrobras Exploration and Production Director Sylvia dos Anjos told Reuters on Friday.
- 07/26/2024
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Petrobras wrapping up due diligence to buy back refinery from Mubadala, sources say
- Brazil's state-run oil company Petrobras is wrapping up due diligence for a bid on the Mataripe refinery it sold to Abu Dhabi sovereign fund Mubadala for $1.65 billion in 2021, three people familiar with the matter told Reuters.
- 07/26/2024
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Bullish on Petrobras (PBR)
- Petrobras (PBR) is today's morning trade for beginner, intermediate, and advanced options traders. Alan Knuckman demonstrates a bullish example trade using the stock.
- 07/15/2024
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Brazil's Petrobras hikes gasoline prices for first time in 11 months
- Brazilian state-run oil company Petrobras will raise gasoline prices for distributors for the first time in almost a year this week, it said on Monday, while also hiking liquefied petroleum gas (LPG) prices.
- 07/08/2024
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Petrobras: Don't Overstate The Lula Risk
- Petrobras investors were stunned again as the market sent PBR into a bear market. The dismissal of PBR's ex-CEO has intensified concerns about interference by the Lula administration. Investors will likely take time to assess PBR's new top leadership team.
- 06/24/2024
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Strike at Brazil environmental agency impacts Petrobras' Equatorial Margin drilling request
- The ongoing strike at Brazil's environmental agency Ibama is impacting the analysis of Petrobras' request to drill a well in the Equatorial Margin, an Ibama official told Reuters on Thursday.
- 06/20/2024
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Petrobras: Focus On The 4X P/E Ratio, Not The 13% Yield (Rating Upgrade)
- Petrobras is a capital return play with solid growth potential. OPEC+ price support measures could boost longer-term petroleum prices, making Petrobras stock an attractive investment. Petrobras generated $6.5B in free cash flow in Q1 and continues to pay shareholders a healthy regular dividend.
- 06/20/2024
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New Petrobras CEO says president wants firm to boost national economy
- The chief executive of Brazilian oil giant Petrobras , Madga Chambriard, said the country's president asked her to work toward boosting the nation's economy while maintaining profitability at the oil firm.
- 06/19/2024
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Brazil agency nears decision amid Petrobras pressure to explore offshore Equatorial Margin
- The head of Brazil's environmental agency said on Wednesday that he expects a decision soon on state-owned oil company Petrobras' request to conduct exploratory studies in a region known as the Equatorial Margin, as both the company and the government push for a drilling license.
- 06/19/2024
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Petrobras CEO to name new management team on Friday, newspaper says
- The chief executive of Brazilian state-run oil company Petrobras , Magda Chambriard, is expected to announce the firm's new management team later on Friday, newspaper O Globo reported.
- 06/14/2024
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Petrobras, Baker Hughes Ink Well Construction Contract
- Petrobras PBR, recently announced its partnership with Baker Hughes BKR, one of the world's largest oil field services companies, for critical offshore oil and gas services in Brazil. This collaboration, set to commence in 2025, marks a significant milestone for each entity promising enhanced operational efficiency and unparalleled service delivery.
- 06/11/2024
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TechnipFMC, Sulzer Team Up on CO2 Pumps for Petrobras
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Argentina gov't says unblocks key Petrobras gas shipment amid supply cuts
- Argentina's government, facing domestic gas shortages and targeted service cuts, said on Wednesday that it had unblocked the unloading of a key Petrobras gas shipment at port, which it added should stabilize the local supply issue.
- 05/29/2024
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Brazil's Petrobras to keep current fuel pricing policy -CEO
- Brazil's state-run oil company Petrobras will maintain its current pricing policies for gasoline and diesel sales, its new top executive said on Monday, stressing that the firm needs to be profitable while also meeting shareholder needs.
- 05/27/2024
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Brazil's Petrobras approves Chambriard as new CEO
- Brazilian state-run oil firm Petrobras said its board of directors on Friday approved the nomination of Magda Chambriard as the company's new Chief Executive.
- 05/24/2024
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Brazil's Petrobras new CEO Chambriard will take over role on Friday, sources say
- Magda Chambriard will take over as chief executive officer of Brazil's state-run oil company Petrobras on Friday after the board approves her appointment, four sources with knowledge of the matter told Reuters.
- 05/23/2024
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Brazil's 3R and Enauta to follow Petrobras into Foz do Amazonas exploration
- The oil firm to be created from the merger of Brazil's 3R Petroleum and Enauta wants to explore the Foz do Amazonas' basin if state-run firm Petrobras finds oil there, its future CEO Decio Oddone told Reuters.
- 05/23/2024
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Petrobras board to vote on Chambriard CEO nomination on Friday
- Brazilian state-run oil company Petrobras said on Wednesday that its board will vote on the government's nomination of Magda Chambriard for chief executive in a Friday meeting, after an internal committee gave its approval.
- 05/22/2024
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Brazil's government expects full Petrobras extra dividends in 2024
- Brazil's government expects Petrobras will pay out all of its extraordinary dividends, according to a revenue projection for this year, even though the state oil company has yet to make a decision on that.
- 05/22/2024
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Petrobras says antitrust watchdog agreed to free company from asset sales
- Brazilian state-run oil firm Petrobras said on Wednesday that the country's antitrust regulator Cade approved the new terms of an agreement that will free up the company from selling some of its oil refining and natural gas assets.
- 05/22/2024
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Lula's ambitions for Petrobras hemmed in by new rules
- Brazilian President Luiz Inacio Lula da Silva may soon discover that swapping the CEO of Petrobras is not enough to turn the state-run oil company into the engine for job creation and development it was during his first 2002-2010 terms.
- 05/20/2024
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Brazil's Petrobras sacks 20 employees close to former CEO
- Brazil's Petrobras has dismissed 20 employees who worked closely with former CEO Jean Paul Prates, the state-run oil firm said on Friday.
- 05/17/2024
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Magda Chambriard, new Petrobras CEO, charged by Lula with firing up job creation
- The next chief executive of Petrobras , Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-run oil firm what it was under prior Workers Party governments: an engine of job creation and industrial development, said people familiar with the matter.
- 05/15/2024
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Petrobras ADRs Sink After Brazil Government Ousts CEO
- American Depositary Receipts (ADRs) of Petrobras (PBR) sank after the Brazilian government replaced the state-run oil giant's CEO Jean Paul Prates.
- 05/15/2024
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Why Petrobras Stock Keeps Going Down
- Petrobras reported a 15% decline in sales and a 38% decline in profit on Monday. Brazil's President is replacing the CEO.
- 05/15/2024
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Petrobras: Buying The Lula Dip Hand Over Fist
- Petrobras has sold off after the CEO was reportedly ousted by President Lula, raising concerns about the company's future. Weak Q1 results and lower production levels also contributed to the stock's decline. Despite the political risk, the stock is still considered a buy due to its fair valuation and technical set-up.
- 05/15/2024
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Shares in Brazil's Petrobras plunge 8% on ouster of CEO
- Shares in Brazil's Petrobras fell more than 8% in opening Wednesday trading, after the state-run oil firm said its chief executive would be replaced by a former regulator with views closer to those of President Luiz Inacio Lula da Silva.
- 05/15/2024
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Petrobras CEO offers resignation, U.S.-listed shares tumble
- The chief executive of Brazilian state-run oil company Petrobras offered to step down on Tuesday, the company said, sending shares sliding as investors braced for the possibility of more political interference at the firm.
- 05/14/2024
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Petrobras resists order to assess Indigenous impact of Amazon drilling
- Brazil's state-run oil firm Petrobras is resisting regulatory demands requiring it to assess the impact on Indigenous groups of drilling in an offshore basin near the mouth of the Amazon River, Chief Exploration and Production Officer Joelson Mendes told journalists on Tuesday.
- 05/14/2024
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Petrobras slashes dividend: Is it time to sell the stock?
- Petróleo Brasileiro S.A. (NYSE:PBR), Brazil's state-controlled oil giant, is once again in the spotlight as it grapples with shareholder expectations and market dynamics.
- 05/14/2024
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Petrobras shares fall after fuel sales hurt earnings
- Shares of Brazil's state-run oil firm Petrobras fell around 2% on Tuesday after it posted worse-than-expected results for the first quarter, hurt by less profitable fuel sales.
- 05/14/2024
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Brazil's Petrobras reports 38% drop in first-quarter profit
- Brazilian state-run oil firm Petrobras posted a 38% fall in its first-quarter net recurring profit from a year earlier on Monday, missing expectations.
- 05/13/2024
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Brazil's Petrobras to begin drilling at Colombia's Uchuva-2 well this month
- Brazil's state-run oil firm Petrobras will begin to drill off Colombia's coast at its Uchuva-2 well this month, Chief Exploration and Production Officer Joelson Mendes told journalists during a press-conference in Houston on Tuesday.
- 05/07/2024
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The Petrobras Absurdity: Yield Exceeds P/E
- Petrobras stock currently has a 7% dividend yield and a low P/E ratio of 4x. Thus, PBR stock offers an attractive package combining value, current income, and international exposure. I disagree with the consensus estimates of its EPS growth, which are too pessimistic given the catalysts I am seeing.
- 05/05/2024
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Petrobras shareholders approve payout of 50% of withheld dividends
- Shareholders of Petrobras voted on Thursday for the Brazilian state-run oil firm to pay out 50% of the extraordinary dividends it withheld in March, easing investor concerns about the destination of those funds.
- 04/25/2024
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Brazil judge suspends Petrobras chair over conflict of interest
- A Brazilian judge has suspended the chair of state oil firm Petrobras' board, Pietro Sampaio Mendes, over a conflict of interest regarding his role in the Ministry of Energy, according to a court decision seen by Reuters on Thursday.
- 04/11/2024
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CEO of Brazil oil firm Petrobras to stay in role for now, say sources
- Petrobras Chief Executive Jean Paul Prates will remain in his role for now as pressure to remove him from Brazil's state-run oil company has eased, two sources familiar with the situation told Reuters on Wednesday.
- 04/10/2024
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Brazil's Lula calls meeting on the future of Petrobras CEO, sources say
- President Luiz Inacio Lula da Silva called a meeting on Sunday evening with three cabinet ministers that could decide on whether to replace the chief executive of Brazil's state-run oil company Petrobras Jean Paul Prates, two sources told Reuters.
- 04/07/2024
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Petrobras: The Sell-Off Provides Opportunity
- In recent weeks, Petrobras's momentum has weakened, and at the moment, it's trading 14% off-high after a wave of analyst downgrades followed dividend frustration. PBR delivered strong financial performance last year with the second-highest EBITDA ($52.4 billion), operational cash flow ($43.2 billion), and net profit ($24.9 billion) in history. The market is expecting a further correction in the company's financials, but this may be already reflected in its forwarding valuation multiples.
- 04/02/2024
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CERAWEEK Petrobras exec says offshore Colombia project could find enough gas for exports
- A promising area off Colombia's coast where Brazil state-run Petrobras is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday.
- 03/20/2024
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Big Oil executives push back against calls for fast energy transition
- Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost to replace oil and gas.
- 03/18/2024
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Petrobras: Reduced Payouts Remain Rich - Maintain Buy
- The market has over-reacted to Petrobras's supposedly lower FQ4'23 dividend payouts, since it is mostly attributed to one-time impairment and contractual charges. At the same time, readers must remember that its shareholder payout ratio has been revised down to 45%, inclusive of share repurchases and dividend payouts. PBR's payouts may remain rich, as it continues to record excellent spreads between the low break even point of $25 and the estimated Brent prices of $84.80 in 2025.
- 03/18/2024
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Petrobras' Dividend Crisis Is Overblown
- Petrobras has declined 20% in the past month due to concerns about its record-breaking dividends. The company's financial results are strong, with over $50 billion in adjusted EBITDA and $30 billion in FCF. Petrobras has exciting assets and has increased production capacity, but faces government interference and pressure to retain dividends for investments.
- 03/17/2024
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Petrobras: Dividend Shock (Rating Downgrade)
- Petrobras shares plummeted over 10% after it was announced that a $3.0B extraordinary dividend will not be paid. Despite lower oil prices, Petrobras achieved its second-highest EBITDA in FY 2023 and generated significant free cash flow. The board's decision not to pay an extraordinary dividend has created uncertainty and leads to a downgrade in Petrobras shares.
- 03/13/2024
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Petrobras CEO says extra dividend possible at April meeting
- The chief executive of Brazil's state-run oil company Petrobras said on Monday that payment of an extraordinary dividend is still on the table, adding that it could be voted on at a shareholders' meeting in April.
- 03/11/2024
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Petrobras: Big Pullback Due To Dividend Surprise
- Petrobras reported weaker-than-expected earnings and a lower-than-expected dividend, causing its shares to drop by over 10%. Despite the weaker-than-expected dividend, PBR remains a high-yielding investment with strong profitability and cash flows. The company's undervalued stock and attractive dividend yield make it an appealing investment option, although political risks should be considered.
- 03/08/2024
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Brazil oil firm Petrobras posts 6% decrease in Q4 net recurring profit
- Brazilian state-controlled oil firm Petrobras posted on Thursday a 6.3% fall in its fourth-quarter net recurring profit from a year earlier.
- 03/07/2024
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Brazil's Petrobras increases average jet fuel prices by 8.4%
- Brazilian state-controlled oil company Petrobras said on Friday it will increase the average prices of jet fuel to distributors by 8.4% starting on Mar. 1.
- 03/01/2024
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Brazil oil and gas to see M&A wave as juniors seek scale and synergies after Petrobras' divestment shift
- Brazil's oil and gas sector is expected to see a wave of merger and acquisition activity (M&A) as players with mature assets nearing the end of production seek to bolster their longer-term outlook. According to Wood Mackenzie analysts, amid the rise of independent oil and gas operators in Brazil, the country's peak production is expected to reach 485,000 barrels of oil per day in 2027 at which point asset maturity is expected to outpace development, resulting in a decline in output.
- 03/01/2024
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Petrobras: Poised To Sustain Its Attractive Dividend Yield
- Petrobras offers a massive 10% forward FY 2024 dividend yield, making it an attractive investment option for investors seeking a high-yielding name. The stability of energy markets and PBR's strong profitability contribute to the safety of its dividend. The Company's valuation is cheap compared to other oil giants, with potential for a 15% upside.
- 02/28/2024
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Petrobras shares fall 5% after CEO says firm will be 'cautious' about dividends
- Brazilian state-run oil company Petrobras' shares fell by around 5% after the firm's Chief Executive Jean Paul Prates was quoted as saying the firm would be cautious about issuing extraordinary dividend payments.
- 02/28/2024
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Brazil's Petrobras wants to share management of Braskem, says CEO
- Brazil's state-run oil company Petrobras wants a partner to share the management of petrochemical producer Braskem , said the oil firm's Chief Executive Jean Paul Prates on Tuesday.
- 02/20/2024
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Petrobras: I Was Truly Wrong About Its Resilience And Headwinds (Rating Upgrade)
- Petrobras investors have outperformed their energy sector peers and the S&P 500. Concerns over government interference in Petrobras might have been overstated. Petrobras remains committed to being a global E&P player in the core energy sector. The market is confident in Petrobras' ability to balance traditional oil operations with investments in renewable energy.
- 02/18/2024
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Petrobras in talks for projects with Gulf, Indian, Chinese firms, CEO says
- Brazil's state-run Petrobras is in talks with other national oil companies in China, India and the Middle East, including Kuwait Petroleum and Qatar Energy, to collaborate on energy projects, its chief executive said on Wednesday.
- 02/07/2024
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Brazil's Petrobras largely unaffected by Red Sea conflict, says CEO
- Brazilian state-run oil company Petrobras has been largely unaffected by tensions in the Red Sea, the company's chief executive said, saying it has only had to reroute one vessel in a move that incurred no extra costs for the company.
- 01/30/2024
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Petrobras: This Is Not The End
- Petrobras shares have outperformed the broader market since late August, delivering a total return of ~25% compared to ~9%. The company is expected to generate decent returns and pay dividends even in the current environment in which oil supply is abundant. Petrobras stock remains a solid investment due to its low breakeven price, rising oil production, and undervaluation compared to peers.
- 01/28/2024
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Brazil's Petrobras produces 2.78 mln boed in oil, gas in 2023
- Brazilian state-run oil company Petrobras said on Friday its oil and gas output last year had reached 2.78 mln barrels of oil equivalent per day (boed), up 3.7% from 2022, according to a securities filing.
- 01/26/2024
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Brazil's Petrobras eyes Jaspe block acquisition
- Brazilian oil company Petrobras said on Wednesday it had notified the country's energy policy council it would exercise its preferential rights to acquire the Jaspe oil block.
- 01/24/2024
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Exclusive: Petrobras expects to buy domestic wind, solar stakes this year, CEO says
- Brazil's state-run oil firm Petrobras will this year start buying stakes in domestic onshore wind and solar projects to create a roughly 2 gigawatts (GW) renewable energy portfolio, the firm's chief executive told Reuters.
- 01/22/2024
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Petrobras: Big Plans, Big Future
- Petrobras demonstrates operational excellence and financial resilience, with record production levels and efficient refining processes. The company is committed to sustainability and diversification, with investments in renewable energy sources and a focus on low-carbon initiatives. Petrobras' valuation metrics uniformly signal deep value, making it a gem in the evolving energy landscape.
- 01/16/2024
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Petrobras rules out investing in solar, wind projects outside Brazil
- Brazil's state run oil firm Petrobras has ruled out investing in wind and solar power abroad, deciding instead to focus on building a portfolio of local greenfield projects, energy transition head Mauricio Tolmasquim told Reuters on Wednesday.
- 01/11/2024
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Will These Dividends Up To 19% Collapse Under Their Own Weight?
- As we return Mariah Carey to the ocean depths for another year, we turn our attention to our next seasonal siren—double-digit dividend stocks.
- 12/31/2023
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Airlines urge Brazil, Petrobras to lower jet fuel prices
- Airline lobby group IATA has urged the Brazilian government and state-run oil company Petrobras to tweak the way jet fuel is charged in the country in order to reduce costs, calling kerosene prices in the South American nation "excessively high."
- 12/11/2023
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Brazil to join OPEC+ but won't cap oil output, Petrobras CEO says
- Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group's coordinated output caps, the chief executive of state-run oil firm Petrobras told Reuters.
- 12/01/2023
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Brazil's Petrobras asks regulator for renegotiation of agreement on refinery sales
- Brazilian state-run firm Petrobras has filed requests to Brazil's competition regulator Cade to renegotiate terms that stipulated the company must sell some of its oil refining and natural gas assets, the company said on Tuesday.
- 11/28/2023
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Brazil's Petrobras plans to 'revitalize' company with $102 bln investment
- Brazil's state-run oil company Petrobras laid out its 2024-2028 strategic plan on Friday, seeking to "revitalize" the firm and start the process of energy transition, CEO Jean Paul Prates said.
- 11/24/2023
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Brazil's Petrobras to invest $102 billion in next five years
- Brazil's Petrobras will invest around $102 billion within the 2024-2028 period, the firm's new strategic plan showed on Thursday, representing a major boost in expected investments by the state-run oil company.
- 11/23/2023
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Petrobras: Under Valued And Under Appreciated - Still A Robust Dividend Play
- PBR recorded a mixed FQ3'23 earnings call, as the volatile spot prices and elevated expenses trigger its impacted profitability and dividend payouts. FQ4'23 may bring forth some uncertainty, with the expanded FCF from reduced capex and raised output guidance negated by the lower spot prices and forex headwinds. However, thanks to PBR's undervaluation, the stock still offers a compelling forward dividend yield of 9.6%, exceeding the sector median of 3.70% and the US Treasury Yields.
- 11/19/2023
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Petrobras: An Update On The Brazilian Oil Giant
- Petrobras and Ecopetrol continue to provide huge dividends and significant share price upside in a potential oil bull market. There are some parallels between Petrobras today and Berkshire's investment in PetroChina in the 2000s. Institutional money continues to flow into Petrobras stock due to its cheap valuation and asymmetric setup.
- 11/19/2023
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Lula asks Petrobras to tweak investment plan for more Brazil jobs, sources say
- Brazilian President Luiz Inacio Lula da Silva pressed the head of state-run oil firm Petrobras , Jean Paul Prates, to modify the company's 2024-2028 investment plane to prioritize local job creation, five sources told Reuters.
- 11/17/2023
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I Was Wrong About Petrobras, But I'm Still Not Bullish
- Facing political and financial risks, Petrobras confronted concerns resembling those leading to near-bankruptcy in 2016. Changes in leadership, discontinuation of the international price parity policy, a shift in dividend distribution, and the potential offshore wind energy investment raised concerns. Despite concerns, Petrobras' shares rose by 60%, and Q3 results showcased solid performance, continuing to provide attractive dividends.
- 11/10/2023
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Petrobras' five-year plan could include around $100 billion in projects - source
- Brazil's state-run oil company Petrobras' upcoming five-year business plan will include around $100 billion in investments the firm is both analyzing and those it has already committed to, a source familiar with the matter told Reuters on Friday.
- 11/10/2023
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Brazil's Petrobras reports 41% decline in third-quarter profit
- Brazil's state-run oil company Petrobras posted a 41.5% drop in its third-quarter profits on Thursday.
- 11/09/2023
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Petrobras: Attractively Valued And Well-Positioned To Absorb Industry Tailwinds
- Petrobras is a generous company in terms of dividend policy, with a high dividend yield and the ability to generate substantial free cash flow. The company's financial performance has been volatile over the decade, but its profitability demonstrated solid resilience even during the deep crisis during the global lockdown of 2020-2021. The stock is attractively valued, with potential upside depending on conservative dividend growth assumptions, and the company is well-positioned to absorb industry tailwinds.
- 11/02/2023
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Brazil's Petrobras third-quarter oil output grows 9.6%
- Brazilian state-run oil company Petrobras said on Thursday that its crude oil production during the third quarter rose 9.6% compared to the same period last year.
- 10/26/2023
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Brazil's Petrobras says no deal for fertilizer plant in Bolivia
- Brazilian state-run oil company Petrobras said on Thursday it has not reached any deal with Bolivia's YPFB on potentially building a new fertilizer plant in the neighboring country.
- 10/26/2023
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Brazil's Petrobras and Bolivian YPFB eye $2.5 bln investment in urea plant
- Brazilian state-run oil company, Petrobras and Bolivia's Yacimientos Petroliferos Fiscales Bolivianos (YPFB) are considering a $2.5 billion investment in a new urea and ammonia plant near the border between the two countries, YPFB said on Wednesday.
- 10/25/2023
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Brazil's Petrobras to cut gasoline, raise diesel prices
- Brazilian state-run oil firm Petrobras said on Thursday it will cut prices of gasoline sold to distributors and raise those for diesel starting on Oct. 21.
- 10/19/2023
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Output from Brazil's Petrobras hits nearly 4 mln barrels in third quarter
- Brazilian state-run oil firm Petrobras said on Monday its combined oil and gas output in the third quarter reached 3.98 million barrels of oil equivalent per day from the projects it operates.
- 10/16/2023
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Petrobras, Vale to seek opportunities for joint investment in renewables
- The head of Brazil's state oil firm Petrobras said on Thursday it will sign a memorandum of understanding with mining giant Vale to study potential joint ventures in renewable energy, even as looks to new suppliers for diesel.
- 09/28/2023
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Brazil's WEG partners with Petrobras to develop onshore wind turbine
- Brazilian motor maker WEG SA said on Tuesday that it has signed up to a strategic partnership with state-run oil firm Petrobras to develop a 7 megawatts onshore wind turbine.
- 09/13/2023
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Oil firm Petrobras to present plan to become Brazil's top wind energy developer
- Brazil state-run oil company Petrobras said on Tuesday it will present on Wednesday new initiatives aiming to make the firm the country's biggest developer of wind energy.
- 09/12/2023
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Brazil's Petrobras to make scheduled stoppage at Regap refinery -sources
- Brazilian state-run oil firm Petrobras will make a scheduled maintenance stoppage at its Gabriel Passos Refinery (Regap) in Minas Gerais state, three sources with knowledge of the matter told Reuters.
- 09/06/2023
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Brazil's Petrobras signs agreements with Compagas for natural gas supply
- Brazil's state-run oil company Petrobras has signed contracts for the supply of natural gas with gas company Compagas for around 6.4 billion reais ($1.28 billion), Compagas told Reuters on Tuesday.
- 09/05/2023
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Brazil's Petrobras buys carbon credits for the first time
- Brazilian oil company Petrobras has made its first carbon credit purchase, the state-run company said on Tuesday, seeking to burnish its environmental credentials in a broader push to become more sustainable.
- 09/05/2023
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Petrobras-Mubadala partnership may open door to refinery deal, say sources
- Brazilian state-run oil firm Petrobras remains eager to repurchase a refinery from Abu Dhabi state investor Mubadala despite antitrust barriers, and a new biofuels partnership could open the door to future talks, two sources told Reuters.
- 09/04/2023
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Brazil's Petrobras walks back 4 divestment processes after review
- Brazilian state-run oil company Petrobras said on Monday it has decided to halt some key asset sales after concluding a broad revision of divestment processes, which were launched during the country's previous administration.
- 09/04/2023
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Exclusive: Brazil's Petrobras plans China subsidiary in push to boost ties, CEO says
- Petrobras plans to create a Chinese subsidiary, Chief Executive Jean Paul Prates told Reuters, as Brazil's state-run oil firm pushes to strengthen relations with the Asian nation that had "chilled" under former President Jair Bolsonaro.
- 08/31/2023
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Brazil's Petrobras taps Chinese companies for energy collaboration
- Brazilian state-run oil company Petrobras said on Wednesday it signed a memorandum of understanding (MOU) with Chinese state-owned oil firm CNOOC to extend its collaboration in the energy sector.
- 08/30/2023
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Connecticut oil trader hit with new charges in Petrobras bribery case -DOJ
- A Connecticut oil and gas trader already charged for his alleged role in a bribery scheme to win business from Brazil's state-owned Petrobras oil company was hit with additional charges on Tuesday, the Justice Department said.
- 08/29/2023
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Petrobras partners with Chinese banks to pursue green finance opportunities
- Petrobras (NYSE:PBR), a Brazilian state-run oil company announced on Monday that it has signed non-binding memorandums of understanding (MOUs) with the China Development Bank and the Bank of China with the aim of pursuing opportunities in low carbon and green finance. Other goals of the partnerships are financing Petrobras (NYSE:PBR)' supply chain and increasing and facilitating commercial and financial exchanges between Petrobras and Chinese companies, Petrobras said in a statement.
- 08/29/2023
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China's CNOOC, Brazil's Petrobras announce strategic cooperation agreement
- Chinese state-owned oil and gas giant CNOOC has signed a strategic cooperation agreement with Brazilian state oil firm Petrobras , Chinese government-backed media outlet The Paper reported on Tuesday, citing CNOOC.
- 08/28/2023
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Brazil's Petrobras signs MOU with Chinese banks
- Brazilian state-run oil company Petrobras said on Monday it has signed a memorandum of understanding (MOU) with China Development Bank (CHDB.UL) and Bank of China to partner on a range of projects.
- 08/28/2023
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Petrobras to continue producing oil for the next 4 decades, says exec
- Brazilian state-run oil company Petrobras expects to continue to produce oil for the next four decades, while also boosting investments in renewables as it seeks to drive an energy transition, an executive said on Tuesday.
- 08/22/2023
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Petrobras CEO says no pressure from govt on fuel prices
- Brazil's Petrobras was not pressured by the federal government to refrain from raising local fuel prices, its CEO said, after the state-run oil company announced a major hike in gasoline and diesel prices to track an "abrupt" global spike.
- 08/16/2023
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Brazil's Petrobras does not intend to sell Braskem stake, report says
- Brazilian state-run oil company Petrobras is not planning to sell its 36% stake in petrochemical firm Braskem , newspaper Valor Economico reported on Thursday, citing unnamed sources.
- 08/10/2023
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Petrobras' Dividend Revision Is Necessary
- Petrobras has generated strong financial results, earning almost $7 billion in free cash flow and paying out a massive $6.2 billion in dividends. The company's earnings have been impacted by volatility, with refining having a larger impact than upstream earnings. Petrobras has a strong cash flow and has reduced its debt to a manageable level, allowing for increased shareholder returns through share buybacks.
- 08/07/2023
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Exclusive: Petrobras investments may rise up to 10% in new 5-year plan, says CFO
- Brazil's Petrobras may increase investments in its next five-year business plan by up to 10% over the previous one, which would place the state-run oil company's capital expenditures at around $86 billion, Chief Financial Officer Sergio Caetano Leite said in an interview on Monday.
- 08/07/2023
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Protesters oppose Petrobras oil exploration plan at mouth of Amazon river
- Environmental demonstrators protested on Sunday against plans by Brazilian state-run oil company Petrobras to drill for oil at the mouth of the Amazon river.
- 08/06/2023
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Brazil's Petrobras to start share buyback program conservatively
- Brazil's state-owned oil company Petrobras said on Friday that its share buyback program will start conservatively to avoid causing major price fluctuations.
- 08/04/2023
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Brazil's Petrobras profit drops 36% in Q2
- Brazilian state-run oil firm Petrobras on Thursday posted a 35.9% fall in its second-quarter profit.
- 08/03/2023
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Petrobras: News About Dividend Policy And Renewable Energies
- Petrobras has lowered its target payout policy from 60% to 45% of free cash flow but will consider share buybacks. The company's financial progress is positive, with significant debt reduction and increased earnings estimates. PBR stock is entering the renewable energy sector and has signed a letter of intent to study offshore wind projects.
- 08/02/2023
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Petrobras: Here Comes The Cut - Keep Calm And Enjoy The $84 Brent
- PBR finalized its shareholder returns at 45% of FCF, down from its previous 60%. This marks the end of its hyper-pandemic dividend payouts and yields. The cut is interesting, since there is no real need to reduce its variable shareholder returns policy, since its Free Cash Flow generation already takes into account of capex. Then again, Brent has recovered to over $80s, with market analysts and the EIA expecting it to stabilize at $84 through 2024, signaling rich payouts and yields ahead.
- 08/01/2023
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Petrobras: The Dividend Is Finally Cut, Here's What To Expect Next
- Petrobras has revised its dividend policy, a significant downgrade from last year's substantial payouts. The revised guidance is also more substantial than what analysts projected. While the revision isn't unexpected, the more than expected revision could compel some income investors to bail out, as they worry about a downward de-rating in its valuation. Despite that, PBR last traded at an attractive valuation, suggesting that the market has likely reflected a dividend cut. Also, its price action is constructive, improving buying sentiments.
- 07/29/2023
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Petrobras: Very Cheap, Highly Profitable, And Returning 17.6%
- Petrobras: Very Cheap, Highly Profitable, And Returning 17.6%
- 07/29/2023
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Brazil's Petrobras to trim dividends under new policy
- Brazilian state-run oil firm Petrobras' board of directors on Friday approved a new shareholder remuneration policy that will trim its hefty dividend and allow share buybacks, according to a securities filing.
- 07/28/2023
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Brazil's Petrobras oil output dips slightly in second quarter
- Brazilian state-run oil company Petrobras said on Wednesday its second-quarter crude oil production fell 0.6% compared to the same period last year.
- 07/26/2023
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Petrobras Q2 dividends to be based on new policy, CFO says
- Brazilian state-run oil company Petrobras is likely to already base its second-quarter dividends on a new policy being prepared by a working group, Chief Financial Officer Sergio Caetano Leite said on Wednesday.
- 07/19/2023
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Brazil's Petrobras touts refining plan as Russian diesel imports jump
- Brazilian state-run oil firm Petrobras will double down on its strategy to maximize motor fuel from its local refineries even as it boosts imports of cheap Russian diesel, the company's top executive told Reuters on Monday.
- 07/18/2023
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Exclusive: Petrobras to hold investments roughly stable in new five-year business plan, CEO says
- Brazil's state-run oil company Petrobras will keep total investments in its upcoming 2024-2028 business plan broadly in line with the $78 billion foreseen in its latest five-year plan, CEO Jean Paul Prates told Reuters on Monday.
- 07/17/2023
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Petrobras Stock: Too Many Yellow Flags To Be Bullish
- Brazilian oil company Petrobras continues to report strong financial results but faces several political risks that could impact future profitability and dividend distribution. Petrobras shares have rebounded significantly this year due to reduced risk perception of the Brazilian economy and the company itself, but concerns over state intervention under President Lula's administration persist. Despite the company's attractive dividend yield, the sustainability of this trend is uncertain, and investors should consider the potential for increased political interference and market volatility before investing.
- 07/04/2023
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Petrobras Stands Out From Other Oil And Gas Players
- Petrobras has rallied strongly in the last month on the back of a strong Brazilian economy and real. Lula risks were overestimated, and this is clear in the light of recent events. Despite this rally, PBR stock is still very undervalued and a good buy at these levels.
- 06/28/2023
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Brazil top court justice holds up Petrobras' minimum-pay appeal win
- A Brazilian top court judge asked on Tuesday to review an appeal won earlier this week by state-run oil company Petrobras in a labor case, again throwing into question whether the company will have to pay its workers billions of dollars.
- 06/27/2023
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Petrobras wins appeal in multi-billion dollar labor case
- Brazil's state-run oil company Petrobras has won its appeal in the Supreme Court against a 2018 labor conviction, avoiding billions of dollars in payments.
- 06/26/2023
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Options Action: Energy is S&P 500's worst performing sector
- Mike Khouw, Optimize Advisors president, joins 'Fast Money' and the Options Action traders to discuss Energy's poor showing today.
- 06/22/2023
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Petrobras aims to resume big fertilizer project, invest in Bolivia
- The chief executive of Brazil's state oil company Petrobras said on Thursday he expects to resume work on a major nitrogen fertilizer project in the city of Tres Lagoas, and hinted at new gas projects in Bolivia.
- 06/22/2023
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Analysts turn bullish on Petrobras as new policies become clearer
- Analysts at major global banks have been upgrading their share price expectations for Brazil's state-run oil firm Petrobras as they evaluate that the policies of the new leftist government are not as unfriendly to investors as some had feared.
- 06/21/2023
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Petrobras: Chasing ~20% Dividend Yields Despite The Geopolitical Risks
- PBR's income investment thesis remains attractive, due to its low break-even cost and higher Brent oil spot prices. The management has also guided stellar shareholder returns over the next few years, for so long that Brent remains above $40s. The company's stock is trading with a geopolitical discount compared to its US-based oil/gas peers, despite the optimistic FY2023 FCF projections.
- 06/19/2023
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Petrobras: Worst Has Been Avoided
- Petrobras has best-in-class assets and a wide cost moat. For now, the worst has been avoided in terms of Petrobras' governance. PBR's significant discount to peers is no longer justified. The Brazilian Real may soon appreciate against the U.S. dollar.
- 06/16/2023
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Petrobras hits highest monthly refinery utilization rate since 2015
- Brazilian state-run oil company Petrobras in May hit a refinery utilization rate of 95%, the highest monthly rate since July 2015, the company said in a statement on Wednesday.
- 06/07/2023
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Petrobras: The Dividend Bonanza Continues
- Petrobras, Brazil's largest oil company, trades at a low valuation and offers a high dividend yield despite political and macro risks. The company remains highly profitable, generating significant cash flows even with lower oil prices, and has reduced its debt levels in recent years. Despite political risks, high dividends are beneficial for both Brazil's government and outside investors, making Petrobras stock a potentially rewarding energy investment.
- 06/07/2023
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Brazil's Petrobras cuts jet fuel prices for 4th month in a row
- Brazilian state-run oil company Petrobras said on Thursday it has reduced jet fuel prices by 12.6% starting June 1, marking its fourth consecutive monthly price cut.
- 06/01/2023
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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.
- 06/01/2023
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Petrobras Is A Rare Investment That May Generate Reliable Double-Digit Returns
- Petróleo Brasileiro S.A. represents a rare investment that's simply and fundamentally undervalued based on its cash flow potential. The company's share price has been punished some by Brent crude prices dropping towards $75 / barrel. Petrobras' improved balance sheet enables it to focus cash towards shareholder returns, making it a profitable holding.
- 05/30/2023
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Brazil's Petrobras asks to resume process for well near Amazon mouth
- Brazilian state-run oil firm Petrobras asked to resume a licensing process for a controversial well near the mouth of the Amazon river, the company's chief executive said late on Thursday.
- 05/25/2023
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Brazil environment agency unlikely to change decision on Petrobras oil project in Amazon
- The president of Brazilian environmental agency Ibama said Monday that the agency is unlikely to change its opinion on a request made by Petrobras to drill a well at the mouth of the Amazon near Amapa state.
- 05/22/2023
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Lula doubts Petrobras oil project in Amazon would hurt environment
- Brazilian President Luiz Inacio Lula da Silva on Monday said he finds it "difficult" to believe that oil exploration in the Amazon basin would cause environmental damage to the region's rainforest, the largest in the world.
- 05/22/2023
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Brazil's Petrobras to appeal environment agency decision on Amazon drilling next week, sources say
- Brazilian state-run oil company Petrobras will next week appeal the decision from the environmental protection agency Ibama barring it from drilling at the mouth of the Amazon river, sources close to the matter said on Friday.
- 05/19/2023
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Brazil's Petrobras to appeal environment agency's decision to block Amazon drilling project
- Brazilian state-run oil company Petrobras said on Tuesday it will appeal a decision from the country's environmental agency Ibama to reject the firm's request to drill at the Amazon mouth near Amapa state.
- 05/18/2023
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Decision to block Petrobras' Amazon project roils Lula coalition
- The leader of President Luiz Inacio Lula da Silva's government in Brazil's Congress announced on Thursday he was leaving his party as the fallout of environmental agency Ibama's decision to block an Amazon oil project roiled Lula's coalition.
- 05/18/2023
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Brazil environment agency rejects Petrobras' request to drill at Amazon
- The Brazilian environmental protection agency Ibama said on Wednesday it rejected a request from state-run oil company Petrobras to drill a well at the mouth of the Amazon river.
- 05/17/2023
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Petrobras: Earnings Beat While Revenues Slip
- PBR has outperformed the XLE since the end of 2022. The stock is playing catch-up from its underperformance in 2022. Brazilian political issues face the company. President Lula supports a green agenda, and democratic socialism and BRICS are united.
- 05/09/2023
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Petrobras: Still Double-Digit Dividends Expected In 2023
- I believe that the risks are sufficiently priced in. What could shock Petrobras' share now could be a political black swan. In contrast, the company has several tailwinds such as a generally growing Brazilian economy and gasoline demand, and more demand for oil exports.
- 05/03/2023
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Why Oil and Gas Majors Chevron, ExxonMobil, and Petrobras Were Plunging Today
- U.S. economic data came in weaker than expected Monday and Tuesday. The Fed looks poised to raise benchmark interest rates again by 0.25 percentage points Wednesday.
- 05/02/2023
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Petrobras: My Best Worst Idea
- Petrobras is an investment, but I believe it can be a good hold for the long term. Fear over the government's influence is overblown.
- 04/19/2023
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Wealth Distribution Changes at Petrobras
- Rock-bottom interest rates, government stimulus globally, hopes of reopening, and record new orders with clogged backlogs - all these factors contributed to the rapid rise in oil and other energy commodities during the 2020-2022 period. These advances benefited some industries more than others, namely the oil and gas industry.
- 03/06/2023
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Shell, Chevron and Petrobras weigh Guyana oil auction bids -sources
- Guyana's coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell, Petrobras and Chevron, to consider the decade's hottest oil region, people close to the matter said.
- 03/06/2023
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Better Ultra-High-Yield Dividend Stock: Petrobras or Zim Integrated Shipping Services
- These two popular dividend stocks are on diverging paths.
- 02/23/2023
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5 Attractive Dividend Stocks From An Emerging Markets Country
- When looking for ways to diversify your investment portfolio outside of the United States, there are plenty of other possibilities. One option is considering companies from emerging markets: in today's article, I will take a deep dive into the Brazilian stock market.
- 02/14/2023
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2 Ultra-High-Yield Energy Stocks to Buy Hand Over Fist and 1 to Avoid
- The energy sector is a great place to look for dividends, but not all dividends are created equal.
- 01/24/2023
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Why Is Petrobras (PBR) Stock Falling 9% Today?
- Aligning with the soft performance of the U.S. equities sector for the first day of trading in 2023, Brazil's state-run petroleum firm Petrobras (NYSE: PBR ) tumbled badly, losing 9% in the morning before declining 10% in the early afternoon. Newly appointed leadership for the company emphasized a sharp focus on renewable energy.
- 01/03/2023
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Brazil's Petrobras will play leading role to expand refineries, says new energy minister
- Brazil's new mines and energy minister Alexandre Silveira said on Monday that state-run oil company Petrobras would play a leading role in expanding the country's oil refining sector.
- 01/02/2023
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Next Petrobras CEO says he will change company's fuel price policy
- The incoming chief executive of Brazil's state-run oil company Petrobras said on Friday he planned to tweak the country's fuel price policy, but said investors need not worry.
- 12/30/2022
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China's CNOOC pays Petrobras $1.9 bln for production sharing deal at Brazil's Buzios field
- Brazil's state oil firm Petrobras said on Thursday it received 10.3 billion reais ($1.9 billion) from Chinese oil and gas major CNOOC , a payment for a 5% stake in a production sharing agreement at the Buzios oil field.
- 11/24/2022
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UBS Downgrades Petrobras to Sell Amid Incoming Headwinds
- Petroleo Brasileiro SA ( PBR , Financial), or Petrobras, has been downgraded from buy to sell by UBS Group AG ( UBS , Financial). The Swiss banking giant believes Petrobras' fortunes could be coming to an end amid rising geopolitical risks intertwined with various company-specific risk factors.
- 11/22/2022
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Why Is Petrobras (PBR) Stock Down Today?
- Shares of Petrobras (NYSE: PBR ) are getting hammered on Tuesday, down 13% so far on the day. At the low, PBR stock was down more than 16% in the session.
- 11/22/2022
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Petrobras stock sinks below $10 on NYSE-leading volume after UBS swings to a sell rating
- The U.S.-listed shares of Petroleo Brasileiro S/A PBR, -3.34% PETR3, -2.38% sank 3.3% in very active afternoon trading Tuesday, putting them in track for the first sub-$10 close in exactly a year, after UBS swung to bearish on the Brazil-based oil and gas giant, citing concerns over "three transformational points": fuel prices, investments and overhead. Trading volume swelled to 49.1 million shares, making the stock the most actively traded on the New York Stock Exchange (NYSE).
- 11/22/2022
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Brazil transition team asks Bolsonaro govt to halt Petrobras asset sales
- The transition team for Brazil's President-elect Luiz Inacio Lula da Silva asked the current administration to halt ongoing asset sales by state-run oil giant Petrobras until a new Mines and Energy Minister is appointed, a member of the group said on Tuesday.
- 11/22/2022
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Why Petrobras Stock Dropped This Morning
- How cheap must Petrobras get to make this stock a buy?
- 11/22/2022
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Petrobras: Illusion Of Cheapness
- Politics drives valuation. Current profits seem unsustainable.
- 11/07/2022
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Petrobras (PBR) Stock Falls 8% on Lula Victory in Brazil
- Shares of Petrobras (NYSE: PBR ), the Brazilian state oil company, fell after President Jair Bolsonaro lost his reelection battle to predecessor Luiz Inácio Lula da Silva, who is known as Lula. PBR stock dropped as much as 8% overnight on the news.
- 10/31/2022
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Europe-listed Brazil stocks, Petrobras slip after Lula election win
- German-listed shares in Brazil's state-run oil company Petrobras slipped more than 7% in early European trade after leftist leader Luiz Inacio Lula da President Jair Bolsonaro in a runoff election.
- 10/31/2022
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Why Petrobras Plummeted 11.6% Today
- A violent incident involving one of President Jair Bolsonaro's supporters makes it look less likely the right-wing president will win the runoff election.
- 10/24/2022
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Options Activity Shows PetroBras Has More Upside Left - Petrobras Brasileiro (NYSE:PBR)
- On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Petroleo Brasileiro (NYSE: PBR) traded six times its average daily call volume on Monday.
- 10/04/2022
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Why Petrobras and Other Brazilian Stocks Are Rocking Today
- How much does it matter who wins Brazil's presidential election?
- 10/03/2022
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Why Is Petrobras (PBR) Stock Up 12% Today?
- Source: A.PAES / Shutterstock.com Petrobras (NYSE: PBR ) stock is getting a boost on Monday thanks to a couple of positive bits of news for the Brazilian oil company. First up is talk that OPEC Plus will likely cut oil production.
- 10/03/2022
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Brazil's Election Goes to a Run-Off. Get Ready to Buy Petrobras Stock.
- Petrobras has underperformed due to concerns surrounding Brazil's election. Those fears should pass soon.
- 10/03/2022
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Brazil's Election Is Almost Here. Get Ready to Buy Petrobras Stock.
- Petrobras has underperformed due to concerns surrounding Brazil's election. Those fears should pass soon.
- 09/30/2022
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Exclusive-Norway's Yara close to acquiring Brazil's Petrobras fertilizer unit
- Yara International ASA is close to acquiring the fertilizer unit put on sale by state-controlled oil company Petroleo Brasileiro SA, known as Petrobras, two sources with knowledge of the matter said on Friday.
- 09/09/2022
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Petrobras moves closer to fertilizer plant sale
- Brazil's Petrobras said on Monday it had started the binding phase of selling its fertilizer project UFN-III, inviting potential buyers to bid on the plant.
- 08/29/2022
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Petrobras to cut aviation gas prices by 15.7% in September
- Brazil's Petrobras said on Monday it will cut aviation gasoline prices for distributors by 15.7% starting Sept. 1.
- 08/29/2022
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Brazil's Petrobras puts potassium mining rights up for sale
- Brazil's Petrobras said on Thursday it has begun the "teaser" seeking bidders for a planned auction of its potassium mining rights in the Amazon basin.
- 08/11/2022
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Brazil's Lula advised to buy back Petrobras refineries - source
- An oil and gas industry study commissioned by the campaign of former President Luiz Inacio Lula da Silva for the October elections will recommend bolstering Petrobras' refining capacity, including the reversal of refinery privatizations, one of the study's authors told Reuters.
- 08/05/2022
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Petrobras leapfrogs oil majors in dividend payouts by more than 50%
- Brazil's state-controlled oil company Petrobras will distribute at least twice as much as the biggest international oil producers in second quarter dividends, boosting the government's coffers amid a tense presidential campaign.
- 08/02/2022
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Petrobras Rises After Revenue Beat
- Petroleo Brasileiro SA ( PBR , Financial), known more commonly as Petrobras, is continuing its magnificent run after reporting excellent second-quarter results. Many seem divided on the future of oil prices and, in turn, oil stocks.
- 07/31/2022
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Incoming Petrobras CEO tells committee he has no gov't guidance on pricing policy
- The incoming chief executive of Brazil's state-run oil company Petrobras told a corporate committee he has not received any guidance from the government on changing the firm's fuel pricing policy, a document showed on Saturday.
- 06/25/2022
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Sarah Ketterer's 5 Favorite Energy Stocks
- Causeway Capital Management, the Los Angeles-based firm founded by Sarah Ketterer (Trades, Portfolio) and Harry Hartford in 2001, seeks to achieve superior risk-adjusted returns by investing in mispriced equities in both developed as well as emerging markets.
- 06/20/2022
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Brazil's Petrobras to postpone price hike until after tax cut vote -sources
- Brazilian state-run oil company Petrobras will avoid raising fuel prices until after Congress finishes debating further tax cuts, two sources close to the matter told Reuters on Tuesday.
- 06/14/2022
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Brazil to include Petrobras in privatization report
- The board of Brazil's Investment Partnerships Program (PPI) said on Thursday they will include state-run oil company Petrobras in their privatization report.
- 06/02/2022
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Petrobras shares drop following CEO ouster, fuel price woes
- Shares of Brazil's state-run oil company Petrobras plunged on Tuesday after the government ousted its chief executive for the second time in two months and signaled plans to alter the company's market-based fuel pricing policy.
- 05/24/2022
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Bolsonaro fires Petrobras CEO who warned of diesel crisis
- Brazil's right-wing president Jair Bolsonaro fired the chief executive of oil producer Petrobras -- the second in two months -- after the company refused to sell fuels at a discount to consumers warning it would lead to diesel shortages.
- 05/24/2022
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Exclusive-Bolsonaro fires Petrobras CEO who warned of diesel crisis
- (Reuters) -Brazil's right-wing president Jair Bolsonaro fired the chief executive of oil producer Petrobras - the second in two months - after the company refused to sell fuels at a discount to consumers warning it would lead to diesel shortages.
- 05/24/2022
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New CEO of Brazil's Petrobras to be Caio Mario Paes, ministry says
- Brazil economy ministry official Caio Mario Paes will be the next chief executive of Brazil's state-run oil company Petrobras, the country's mining and energy ministry said in a statement late on Monday.
- 05/23/2022
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Exclusive-U.S. asked Brazil's Petrobras if it could raise oil output; it said no -sources
- U.S. government officials in March asked Brazil's state-run oil company Petrobras whether it could increase crude output after Russia's invasion of Ukraine sent global prices soaring, three people with knowledge of the matter told Reuters.
- 05/10/2022
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Giant Pension Bought AMD, Tilray, Uber, and Petrobras Stock
- New Jersey's state pension materially increased investments in chip maker AMD, marijuana producer Tilray, ride-hailing firm Uber, and energy giant Petrobras.
- 05/08/2022
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Brazil's Petrobras posts $9 billion profit as Bolsonaro rails against company
- Brazil's Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed against the state-run oil company's profitability, saying its executives had no sympathy for ordinary people.
- 05/05/2022
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Brazil's Petrobras starts binding phase for sale of MP Gulf of Mexico stake
- Brazil's Petrobras on Monday started the binding phase to sell its subsidiary 20% stake in Texas-based MP Gulf of Mexico LLC, which owns offshore fields in the region.
- 04/18/2022
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Brazil's Petrobras elects Jose Mauro Coelho as CEO
- Brazilian state-run oil company Petrobras said on Thursday its board of directors has elected Jose Mauro Coelho as the firm's chief executive for a one-year term.
- 04/14/2022
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Petrobras shareholders elect CEO-in-waiting to board after weeks of turmoil
- RIO DE JANEIRO (Reuters) -Shareholders in Brazil's Petrobras have elected José Mauro Coelho to the firm's board, according to a source with direct knowledge of the matter, paving the way for the government technocrat to take the helm of the state-run oil company.
- 04/14/2022
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Technocrat Picked by Brazil for Petrobras' (PBR) CEO Role
- After the departure of Petrobras (PBR) CEO Joaquim Silva e Luna and subsequent appointees declining the role, the Brazilian government selects new personnel for the CEO and Chairman positions.
- 04/11/2022
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Brazil picks technocrat to lead Petrobras after succession plan mess
- After two messy, drama-filled weeks struggling to fill the top job at state-run oil company Petrobras Brazil's government turned this week to low-profile technocrat José Mauro Coelho, and investors welcomed the move.
- 04/07/2022
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Petrobras (PBR) Unearths New Pre-Salt Oil in Campos Basin
- Brazil's state-owned oil company, Petrobras (PBR), discovers a new oil accumulation in the pre-salt Campos Basin offshore Brazil.
- 04/07/2022
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Can Petrobras (PBR) Stock Continue to Grow Earnings?
- If you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Petrobras (PBR).
- 04/05/2022
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Brazilian economic official most likely pick to lead Petrobras, says O Globo
- Brazilian Economy Ministry official Caio Mario Paes de Andrade has emerged as the most likely choice to lead state-run oil company Petrobras after energy consultant Adriano Pires declined the government's nomination, newspaper O Globo reported on Tuesday.
- 04/05/2022
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Brazil government's pick for next Petrobras CEO withdraws, sources say
- RIO DE JANEIRO (Reuters) -Energy consultant Adriano Pires has backed out of the Brazilian government's nomination for him to take the helm at Petrobras, two sources told Reuters on Monday, as the latest succession plan at the state-run oil company appears to have fallen apart.
- 04/04/2022
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Brazil's Petrobras CEO appointee may face conflict of interest probe
- The prosecutor's office at Brazil's federal audit court (TCU) has asked the court to open an investigation into President Jair Bolsonaro's appointment of Adriano Pires as chief executive of state-run oil company Petroleo Brasileiro, for a possible conflict of interest.
- 04/02/2022
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Petrobras (PBR) CEO Removed Amid Rising Fuel Prices in Brazil
- The Brazilian state removes Petrobras' (PBR) chief executive officer, Joaquim Silva e Luna, from his post following a political outrage over the hike in fuel prices in the country.
- 04/01/2022
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Brazil's Petrobras loses $400 million court case to Paragon Offshore
- Brazil's Petrobras said on Thursday that a Rio de Janeiro state court has ruled against the state-run oil company in a case brought up by drilling contractor Paragon Offshore Nederland BV.
- 03/31/2022
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Swiss private bank Pictet raided in Petrobras-linked probe
- Prosecutors searched the offices of Swiss private bank Pictet in mid-March in connection with a criminal probe into dealings with Brasilian state-run oil firm Petrobras, the bank confirmed following media reports on Wednesday.
- 03/30/2022
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Petrobras: High Dividend Is Good, But Bolsonaro In The Picture Is Bad
- Petrobras: High Dividend Is Good, But Bolsonaro In The Picture Is Bad
- 03/30/2022
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Outgoing CEO Luna says Petrobras has no place for 'adventurers'
- Petrobras has a strong governance and there is no room for "adventurers" within the firm, said outgoing Chief Executive Joaquim Silva e Luna on Tuesday.
- 03/29/2022
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Pro-market consultant emerges as unlikely new Petrobras CEO
- Brazilian President Jair Bolsonaro has made little secret in recent weeks of his ire at state-run oil company Petrobras over rising fuel prices, teasing the possibility of swapping out its chief executive.
- 03/29/2022
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Petrobras (PBR) Invites New Bids for Its Onshore Fields
- Petrobras (PBR) accepts fresh bids for a cluster of mature onshore fields after the failure of previous negotiations.
- 03/29/2022
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Petrobras: Operating Conditions Are Possibly Too Good With Oil Prices Around $100
- After finally restarting meaningful dividends during 2021, Petrobras finds themselves well-placed heading into 2022 with a very strong outlook for oil prices.
- 03/15/2022
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Exclusive-Petrobras and EIG near deal for Bolivia-Brazil gas pipeline -sources
- State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil, three people with knowledge of the matter told Reuters.
- 03/14/2022
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Petrobras CEO says he will not leave co despite criticism over fuel price hike
- Joaquim Silva e Luna, the chief executive of Brazilian state-run oil company Petrobras, said on Monday he will not leave the company at the moment, despite facing widespread political criticism over a fuel price hike announced last week.
- 03/14/2022
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Petrobras (PBR) is a Great Momentum Stock: Should You Buy?
- Does Petrobras (PBR) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 03/10/2022
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Petrobras (PBR) Stock Down Since Posting Q4 Earnings Miss
- At the end of 2021, Petrobras (PBR) Petrobras had net debt of $47,626 million, less than $63,168 million a year ago and $48,132 million as of Sep 30, 2021.
- 03/10/2022
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Exclusive-Petrobras chairman Ferreira says will step down
- Petroleo Brasileiro SA chairman Admiral Eduardo Bacellar Leal Ferreira told Reuters on Saturday he plans to step down from the position, with oil executive Rodolfo Landim seen as his possible successor, according to two sources familiar with the matter.
- 03/05/2022
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Petrobras Surprises To The Upside With The Dividend
- Petrobras is one of the largest oil producers in the world.
- 02/27/2022
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Petroleo Brasileiro SA Petrobras (PBR) CEO Joaquim Silva e Luna on Q4 2021 Results - Earnings Call Transcript
- Petroleo Brasileiro SA Petrobras (PBR) CEO Joaquim Silva e Luna on Q4 2021 Results - Earnings Call Transcript
- 02/24/2022
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Brazil's Petrobras hits quarterly profit estimates
- Brazilian state-run oil company Petrobras hit fourth quarter profit estimates, according to a Wednesday evening securities filing, as rising Brent prices drove strong sales figures.
- 02/23/2022
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Petrobras (PBR) to Sell Its Stake in Gulf of Mexico Assets
- Brazilian energy biggie, Petrobras (PBR), intends to divest 20% of its stake in a joint venture, which has interests in 14 offshore fields.
- 02/22/2022
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Are Petrobras' (PBR) Q4 Earnings Poised to Exceed Estimates?
- While stronger oil prices are likely to have boosted Petrobras' (PBR) profit levels in the fourth quarter, a sequential decline in production might have played spoilsport.
- 02/18/2022
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Petrobras (PBR) Stock Sinks As Market Gains: What You Should Know
- Petrobras (PBR) closed the most recent trading day at $13.77, moving -1.5% from the previous trading session.
- 02/15/2022
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Brazil's Supreme Court annuls billion-dollar labor dispute against Petrobras
- Brazil's Supreme Court annulled on Monday a previous court decision that would have required state-run oil company Petrobras to pay billions of dollar in a labor dispute involving additional wages for employees.
- 02/14/2022
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Petrobras (PBR) Registers Record Pre-Salt Production in '21
- Brazil's Petrobras (PBR) declares record pre-salt production and gas usage.
- 02/14/2022
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Petrobras: I'm Buying This Covered 15% Dividend, With Caution
- Petrobras: I'm Buying This Covered 15% Dividend, With Caution
- 02/12/2022
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Petrobras (PBR) Sells Stake in Alagoas Fields for $300M
- Petrobras (PBR) sells its total interest in Alagoas Cluster to Origem Energia in a deal valued at $300 million.
- 02/09/2022
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Petrobras Will Likely Pay At Least $10/ADR In Dividends The Next 5 Years
- Petrobras has reduced its net financial debt to less than 1X the adjusted free cash flow and this paves the way for dividends. The company is basically guiding to pay $10/ADR in dividends between now and 2026.
- 02/06/2022
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Has Petrobras (PBR) Outpaced Other Oils-Energy Stocks This Year?
- Here is how Petrobras (PBR) and Galp Energia SGPS SA (GLPEY) have performed compared to their sector so far this year.
- 02/04/2022
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Petrobras (PBR) Signs Contract to Offload Potiguar Fields
- Petrobras (PBR) sells its total stake in Potiguar fields to 3R Potiguar in a deal valued at $1.38 billion.
- 02/04/2022
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Petrobras (PBR) Postpones Offering of Its Stake in Braskem
- Amid a market uncertainty, controlling owners of Braskem (BAK), Petrobras (PBR) and Novonor cancel the public offering of their shares in the company.
- 02/01/2022
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Are You Looking for a Top Momentum Pick? Why Petrobras (PBR) is a Great Choice
- Does Petrobras (PBR) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 01/31/2022
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Petrobras (PBR) Gains As Market Dips: What You Should Know
- In the latest trading session, Petrobras (PBR) closed at $12.67, marking a +0.16% move from the previous day.
- 01/21/2022
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Petrobras (PBR) Gains As Market Dips: What You Should Know
- In the latest trading session, Petrobras (PBR) closed at $12.61, marking a +1.2% move from the previous day.
- 01/19/2022
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Petrobras (PBR) Cuts Production Forecasts for 2022 and Beyond
- Brazilian oil biggie, Petrobras (PBR), to bring down the output target as a result of the Atapu, Sepia auction.
- 01/19/2022
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Petrobras Is Well-Placed To Take Advantage Of Growth In Global Oil Demand
- Petrobras Is Well-Placed To Take Advantage Of Growth In Global Oil Demand
- 01/13/2022
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Petrobras (PBR) Gains As Market Dips: What You Should Know
- Petrobras (PBR) closed the most recent trading day at $10.83, moving +0.93% from the previous trading session.
- 01/06/2022
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Petrobras Is A Great Stock But For Later
- Petrobras is a great stock on paper combining many favorable investment positives. Unfortunately, its stock price will likely lag its NOC peers over the coming quarters due to political risks until the Brazilian election later this year.
- 01/04/2022
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Petrobras: Grab An Insanely High 30%+ Yield If OPEC+ Keeps Faltering
- After years of deleveraging that left little room for dividends, Petrobras appears to have finally turned a corner. Their free cash flow surged during 2021 thanks to the strong oil price environment and when looking ahead, this should continue with OPEC+ seemingly faltering on their planned production increases.
- 01/04/2022
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Petrobras: Inexpensive, Well-Positioned, Immense Cash Flow
- Petrobras benefits from structural changes in the oil industry: less production in Western countries, while consumption continues to rise. The company has positioned itself better in recent years by reducing debt, which will allow it to increase exploration and production in the coming years.
- 01/04/2022
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Petrobras (PBR) Gains As Market Dips: What You Should Know
- Petrobras (PBR) closed at $10.99 in the latest trading session, marking a +0.83% move from the prior day.
- 12/30/2021
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Petrobras (PBR) to Sell Carmopolis Cluster to Carmo Energy
- From Carmo Energy, Petrobras (PBR) will receive a $275-million down payment, a sum of $550 million at the transaction's conclusion and another $275 million a year after the sale is closed.
- 12/29/2021
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Petrobras Guides Towards 20% Dividends
- Petrobras' sustainability has improved significantly over the past 10+ years, an important part of its future business model.
- 12/29/2021
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Exclusive-Brazil's Petrobras higher price demands delay refineries sales- sources
- Brazil's state-controlled oil company Petrobras has raised prices at least once in the middle of the divestiture process of its largest refineries, frustrating some bidders and delaying the long awaited promise of breaking Petrobras' monopoly in refining, four sources with knowledge of the matter told Reuters.
- 12/14/2021
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Brazil's Petrobras yet to decide date for Braskem share offering
- Brazilian state-run oil company Petrobras on Thursday said it has not yet reached a decision on when it will sell its stake in petrochemicals producer Braskem SA but reiterated that it still expects to do so.
- 12/09/2021
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Petrobras: The Best Oil Stock Remains Hidden In The South
- The Brazilian state-owned integrated oil and gas giant is a dividend powerhouse and a free cash flow machine that is a worthy addition to any income-oriented investor's portfolio. Petrobras seems to be trading at a discount, being undervalued both in terms of the industry and the broader market.
- 12/02/2021
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Oil & Gas Stock Roundup Headlined by TC Energy & Petrobras
- Apart from TC Energy (TRP) and Petrobras (PBR), there was news regarding ConocoPhillips (COP), Eni (E) and Royal Dutch Shell (RDS.A) during the week.
- 11/30/2021
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Petrobras (PBR) Revises Production Guidance for 2022-2026
- Petrobras (PBR) expects to produce an average of 2.7 million and 3.2 million barrels of oil equivalent per day in 2022 and 2026, respectively.
- 11/26/2021
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Is Petrobras A Good Dividend Stock?
- Petrobras - both the common and preferred shares - currently pays ~20%-yielding dividends. Indications are cash distribution may be kept in the near future. In this article, I analyze the origin of such high-yield dividends, and certain hidden risk factors that threaten the high-yield prospect in the medium term.
- 11/16/2021
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Petrobras (PBR) Stock Barely Moves Since Q3 Earnings Miss
- At the end of the third quarter, Petrobras (PBR) had a net debt of $48,132 million, decreasing from $66,218 million a year ago and $53,262 million as of Jun 30, 2021.
- 11/16/2021
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Petróleo Brasileiro S.A. - Petrobras (PBR) Q3 2021 Results - Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (PBR) Q3 2021 Results - Earnings Call Transcript
- 10/31/2021
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Petrobras Offers A 20% Dividend Yield This Year
- Petrobras is generating in excess of $60M in free cash flow per day. The debt targets have been met, so Petrobras is spending the cash on shareholder rewards.
- 10/30/2021
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Petrobras (PBR) to Report Q3 Results: What to Look Out For
- Petrobras (PBR) beat the Zacks Consensus Estimate thrice in the last four quarters and missed in the other, delivering an earnings surprise of 321.62%, on average.
- 10/25/2021
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Thursday Afternoon Analyst Upgrades and Downgrades: Deere, NetApp, Petrobras, TJX and More
- Markets rallied on Thursday after a solid first round of bank earnings came in much stronger than expected.
- 10/14/2021
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Petrobras (PBR) Resumes Production at the Manati Gas Field
- Post the completion of repair works, Petrobras (PBR) recommences production at the Manati offshore gas field in Brazil in which it holds 35% interest.
- 10/13/2021
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Petrobras (PBR) to Divest Its Stake in the MP Gulf of Mexico
- Petrobras (PBR) to sell off its 20% interest in the Texas-based firm MP Gulf of Mexico, LLC (MPGOM).
- 10/12/2021
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Petrobras (PBR) Secures Bids for Albacora and Albacora Leste
- Petrobras (PBR) acquires binding proposals for the Albacora and Albacora Leste fields in the Campos Basin from the PetroRio/Cobra and EIG Global Energies Partners/Enauta/3R Petroleum consortiums.
- 10/07/2021
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Brazil's Petrobras won't artificially control fuel prices - CEO
- Petrobras Chief Executive Officer Joaquim Silva e Luna said there was "zero" risk that the state-run Brazilian oil company would seek to artificially control fuel prices even amid growing public outrage over inflation.
- 10/02/2021
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CNOOC to Buy Extra 5% Stake in Petrobras' (PBR) Buzios Oilfield
- Per Petrobras (PBR), CNOOC's purchase of an additional 5% share in the massive Buzios pre-salt field will not impact its 2021 output goal until the deal is completed.
- 10/01/2021
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Petrobras (PBR) Aims to Obtain Net-Zero Emission From Operations
- Petrobras' (PBR) net-zero target revolves around scopes 1 and 2 emissions, which include operational emissions and indirect emissions associated with energy purchases from third-party suppliers.
- 09/22/2021
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Petrobras (PBR) Enters Binding Stage to Sell Off Deten Stake
- Petrobras (PBR) begins the binding phase of the sale of its full 27.88% ownership holding in Deten as part of its strategy to lower expenses and improve its capital deployment to add shareholder value.
- 09/21/2021
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Looking for Value? Why It Might Be Time to Try Petroleo Brasileiro (PBR)
- Petroleo Brasileiro (PBR) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
- 09/21/2021
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Petrobras: Likely The Cheapest Of All Oil Majors And Offers A 10% Dividend Yield
- Petrobras produces in excess of 2 million barrels of oil per day, making it one of the largest producers in the world. The low production cost of just $5/barrel means the company is printing cash.
- 09/13/2021
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Petrobras (PBR) Sells 10% Stake in Lapa Field to TotalEnergies
- Petrobras' (PBR) handover of its 10% share in the Lapa field complements its portfolio optimization and capital allocation strategy, which aims to add shareholder value.
- 09/03/2021
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TechnipFMC (FTI), DOF Clinch Major Contracts From Petrobras
- TechnipFMC (FTI) and DOF Subsea's Skandi Niteroi will mostly function in shallow water while Skandi Vitoria will operate in both shallow and deep water.
- 09/01/2021
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Petrobras Is A Must Have For Any Dividend Investor
- Petrobras Is A Must Have For Any Dividend Investor
- 09/01/2021
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Petrobras (PBR), Excelerate Ink Bahia Terminal FSRU Deal
- Petrobras' (PBR) decision to proceed in the tender for leasing the Bahia Regasification Terminal to Excelerate is a giant stride taken to drive the Brazilian natural gas sector's competitive edge.
- 08/31/2021
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Petrobras (PBR) Just Reclaimed the 50-Day Moving Average
- Good things could be on the horizon when a stock surpasses the 50-Day simple moving average. How should investors react?
- 08/30/2021
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Petrobras (PBR) Just Reclaimed the 20-Day Moving Average
- Good things could be on the horizon when a stock surpasses the 20-day simple moving average. How should investors react?
- 08/30/2021
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Petrobras (PBR) Confirms the Sale of REMAN Refinery to Atem
- Petrobras (PBR) to divest REMAN refinery to distributor Atem's unit Ream Participaces S.A. for a deal value of $189.5 million.
- 08/27/2021
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Petrobras Continues To Offer A Strong Risk-Reward Balance
- Most of Maxeon Solar's recent losses are of a non-recurring nature and should completely be behind the company by the end of 2022.
- 08/26/2021
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Petrobras (PBR) Announces Production Initiation at FPSO Carioca
- Petrobras' (PBR) oil and gas production at its S??pia field is carried out using the FPSO Carioca unit, which can produce 180,000 barrels of oil and nearly six million cubic meters of natural gas daily.
- 08/25/2021
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Petrobras (PBR) Stock Climbs 8.5% Following Q2 Earnings Beat
- At the end of the second quarter, Petrobras (PBR) had a net debt of $53,262 million, decreasing from $71,222 million a year ago and $58,424 million as of Mar 31, 2021.
- 08/12/2021
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Should Value Investors Buy Petrobras (PBR) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/10/2021
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Petrobras (PBR) to Develop Fourth Mero FPSO in Offshore Brazil
- Petrobras' (PBR) development plan involves the interconnection of 15 wells to the FPSO, including eight oil producers, six water and gas injectors, and one convertible well.
- 08/10/2021
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Brazil audit court sees fuel shortages with Petrobras divestment
- Brazil's Federal Audit Court (TCU) says there is a risk of fuel shortages in regional markets as a result of the sales of assets by state-controlled oil company Petroleo Brasileiro SA, according to a statement on the court's website.
- 08/05/2021
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Petrobras (PBR) to Report Q2 Earnings: What's in the Cards?
- Petrobras (PBR) beat the Zacks Consensus Estimate twice in the last four quarters and missed in the other two, delivering an earnings surprise of 308.91%, on average.
- 08/02/2021
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Petrobras (PBR) Gives Preliminary Production Results for 2Q21
- Petrobras (PBR) witnesses strong growth in gasoline and diesel demand in Brazil in the second quarter of 2021.
- 07/29/2021
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Petrobras Continues To Be Ignored In The World Of Large Oil Companies
- Petrobras continues to be ignored in the world of large oil companies as investors worry about current prices and its ties to the Brazilian environment. The company is aggressively growing production and has ties to increase its production significantly for the long run with investors.
- 07/25/2021
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Exclusive: Brazil's Petrobras price hikes show company's independence -CEO
- Brazil President Jair Bolsonaro was not consulted or informed about state oil giant Petrobras' decision this week to raise fuel prices, which underscores the company's independence, Chief Executive Joaquim Silva e Luna told Reuters on Wednesday.
- 07/07/2021
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Petrobras (PBR) Earns $2.3B From BR Distribuidora Stake Sale
- The sale integral to Petrobras' (PBR) larger strategy to divest its non-core businesses, lower debt and prioritize deep-water projects.
- 07/05/2021
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Petrobras (PBR) Receives R$271.1M in Bribery Settlement Case
- Petrobras' (PBR) total payment obtained from leniency agreements made by TechnipFMC and other companies exceeds R$6 billion with the final installment.
- 06/29/2021
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Petrobras' (PBR) Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in Petrobras (PBR).
- 06/16/2021
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Chinese Allies to Pay Petrobras (PBR) $2.94B for Buzios Excess
- Petrobras (PBR) will own 92.666% of the Buzios reservoir at the commencement of the agreement while the leftover 3.667% stake will be held by other partners each.
- 06/15/2021
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How Petrobras (PBR) Stock Stands Out in a Strong Industry
- Petrobras (PBR) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 06/15/2021
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Petrobras (PBR) Places $2.3B Order for Eighth Buzios FPSO
- Petrobras' (PBR) FPSO P-79 will have a distillation capacity of 180 thousand barrels of oil per day and 7.2 million cubic meters of gas per day. The order will likely be delivered by 2025 end.
- 06/14/2021
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Petrobras: Common And Preferred Shares Break Historical Trading Norms
- Petrobras: Common And Preferred Shares Break Historical Trading Norms
- 06/09/2021
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Petrobras (PBR) to Sell Full 27.88% Stake in Deten Quimica
- Petrobras' (PBR) Deten petrochemical divestment plan is in sync with the company's strategy to lower expenses and better its capital management policy to add shareholder value.
- 06/07/2021
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Strength Seen in Petrobras (PBR): Can Its 6.3% Jump Turn into More Strength?
- Petrobras (PBR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
- 06/03/2021
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Petrobras: A Good Bargain, Outperforming Most Of Its Peers But Still Underpriced
- The Brazilian state-run oil company has a great return potential. Petrobras prices are more than 30% down pre-pandemic levels.
- 06/02/2021
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Petrobras: A Lucrative Emerging Market Play
- Petrobras: A Lucrative Emerging Market Play
- 05/26/2021
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Petroleo Brasileiro S.A.: A Bargain Oil Stock In An Overpriced Market
- Politics, COVID-19, and the rocky fortunes of the oil market have all pushed down the share price of Petrobras.
- 05/26/2021
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Petrobras (PBR) Stock Up on Debt Cut Since Q1 Earnings Miss
- At the end of the first quarter, Petrobras (PBR) had a net debt of $58,424 million, decreasing from $73,131 million a year ago and $63,168 million as of Dec 31, 2020.
- 05/19/2021
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Petrobras (PBR) Places $2.3B FPSO Order to Keppel Shipyard
- Petrobras (PBR) awards a contract to Keppel Shipyard to build an FPSO vessel, which will have a distillation capacity of 180 thousand barrels of oil and 7.2 million cubic meters of gas per day.
- 05/13/2021
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Brazil's Petrobras reopens bidding for Golfinho oilfields, sources say
- Brazilian state-run oil company Petrobras has reopened bidding for its Golfinho offshore oilfield cluster, two sources told Reuters this week, following a rise in crude prices over the last several months.
- 05/05/2021
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Final Trades: Apple, Wabtec, Petrobras & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 04/23/2021
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At Brazil's Petrobras, a 'Spartan' military man takes the reins
- For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil's state-run oil company Petrobras was unexpected - and unwelcome.
- 04/12/2021
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Petrobras (PBR) Postpones Production From Mero 1 to Next Year
- Petrobras (PBR) now expects Mero 1 to go online only in the first quarter of 2022 due to a delay in the FPSO Guanabara conversion works in China as a result of coronavirus.
- 04/09/2021
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Petrobras (PBR) to Operate 6 Blocks in Foz do Amazonas Basin
- Per Petrobras (PBR), its new role as an operator will allow it to grab full ownership of the fields.
- 04/08/2021
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Petrobras (PBR) Ends Sale of Mangue Seco 3 & 4 Wind Farms
- Petrobras (PBR) is paid R$78.2 million upon closing the Mangue Seco 3 and Mangue Seco 4 wind farms' divestiture.
- 04/07/2021
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Petrobras (PBR) Hits Record March S-10 Diesel Despite Coronavirus
- Petrobras (PBR) records a 35% expansion in total diesel sales volume in March by vending 791 thousand bpd diesel compared to the level registered in the same month last year.
- 04/05/2021
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Petrobras (PBR) Finalizes RLAM Refinery Sale to Mubadala
- Petrobras (PBR) agrees to divest RLAM refinery to Abu Dhabi's Mubadala Capital for a deal value of $1.65 billion, which is pending regulatory nods.
- 03/31/2021
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Is Petroleo Brasileiro (PBR) a Good Value Investor Stock?
- Let's see if Petroleo Brasileiro (PBR) stock is a good choice for value-oriented investors right now from multiple angles.
- 03/15/2021
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Petrobras: Improving Conditions But Political Risks Abound
- Petrobras: Improving Conditions But Political Risks Abound
- 03/10/2021
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Petrobras (PBR) Q4 Earnings Top But Stock Falls: Here's Why
- At the end of 2020, Petrobras (PBR) had net debt of $63,168 million, less than $78,861 million a year ago and $66,218 million as of Sep 30,2020.
- 03/03/2021
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The Petrobras Lesson? Avoid SOEs
- Brazilian oil giant Petrobras once again finds itself at the center of controversy, reminding investors that avoiding state-owned enterprises (SOEs) is often a winning strategy. Advisors can meet that demand with model portfolios, including the Emerging Markets Multi-Factor Portfolio.
- 02/26/2021
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Petróleo Brasileiro S.A. - Petrobras (PBR) CEO Roberto Castello Branco on Q4 2020 Results - Earnings Call Transcript
- Petróleo Brasileiro S.A. - Petrobras (PBR) CEO Roberto Castello Branco on Q4 2020 Results - Earnings Call Transcript
- 02/25/2021
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Brazil distributors scramble for diesel amid Petrobras shakeup
- Brazilian fuel distributors are scrambling to secure diesel supplies for March and April after state-run oil company Petrobras said it would not fully meet their demand, adding to uncertainty amid a sudden management shakeup.
- 02/24/2021
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Petrobras board calls shareholder meeting to replace CEO
- The board of Brazil's state-run oil company Petrobras on Tuesday authorized an extraordinary shareholder meeting to begin the process of replacing Chief Executive Roberto Castello Branco with former Defense Minister Joaquim Silva e Luna.
- 02/23/2021
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Brazil's CVM watchdog opens second probe into Petrobras shakeup
- Brazil's market regulator CVM said on Tuesday it has opened a second investigation into the announced shakeup at state-controlled oil giant Petrobras, which triggered a two-day share selloff that wiped more than 100 billion reais ($18.3 bln) off its value.
- 02/23/2021
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Shares in Brazil's Petrobras rebound after Monday plunge
- Shares in Brazil's state-run oil company Petrobras rose around 8% in early Tuesday trading, rebounding after a sharp plunge the previous day on President Jair Bolsonaro's move to appoint a new chief executive.
- 02/23/2021
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Brazil oil regulator says Petrobras shakeup will not change refinery policy
- Brazil's oil sector regulator ANP does not see President Jair Bolsonaro's appointment of a new Petrobras CEO altering the country's policy of opening up the domestic refinery market to private investment, ANP director-general Rodolfo Saboia said on Monday.
- 02/22/2021
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Petrobras CEO Change Worries Investors
- The state-owned oil company tumbles 21% after President Bolsonaro pushes out the CEO.
- 02/22/2021
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Brazil bankers, investors worry about Bolsonaro's effect on capital markets revival
- Bankers and portfolio managers worry that Brazilian President Jair Bolsonaro's latest policy moves may undermine the country's recent capital markets revival.
- 02/22/2021
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Brazil markets tank as Bolsonaro shakes up Petrobras to cut energy costs
- Brazilian financial markets went into a tailspin on Monday, as investors dumped the country's currency and stocks, while pushing up interest rates, after President Jair Bolsonaro moved late on Friday to sack the head of state-run oil firm Petrobras following weeks of clashes over fuel price hikes.
- 02/22/2021
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Brazil market regulator CVM opens investigation into Petrobras CEO change announcement
- Brazil's securities regulator CVM is investigating the management changes at state-run oil company Petroleo Brasileiro SA, its website showed on Monday, following President Jair Bolsonaro's announcement last week that he will replace chief executive Roberto Castello Branco.
- 02/22/2021
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Delta Air, Foot Locker, Nvidia, Petrobras and More Monday Afternoon Analyst Calls
- With the trading day more than halfway over, the broad markets could not make up their mind on a direction.
- 02/22/2021
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Petrobras stock plunges after Brazil government pushes for replacement of CEO
- The U.S.-listed shares of Petroleo Brasileiro S.A. , known as Petrobras, plunged 20.4% in premarket trading Monday, after Brazil-based state-controlled oil and gas company disclosed that the government requested its chief executive be replaced.
- 02/22/2021
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Brazil's Petrobras shares plunge 17% in NY after analysts' downgrades
- Petrobras shares traded in New York plunged nearly 17% in premarket trading on Monday as analysts cut ratings on the stock after far-right Brazilian President Jair Bolsonaro moved to replace the state-controlled oil company's market friendly CEO with a retired army general.
- 02/22/2021
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Brazil's securities industry watchdog to investigate change of Petrobras CEO
- Brazil's securities industry watchdog CVM is expected to launch an investigation on Monday following the announcement by President Jair Bolsonaro of the change of CEO at state-controlled oil company Petrobras, according to one source with knowledge of the matter.
- 02/21/2021
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Bolsonaro's nominee to run Petrobras stresses need for "balance" in fuel pricing
- Brazilian President Jair Bolsonaro's nominee to lead state-run oil company Petrobras said on Saturday the company needs to find "balance" in fuel pricing, considering the impact on shareholders, investors, sellers and consumers.
- 02/20/2021
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Brazil's Petrobras executive management in talks on possible mass resignation - sources
- Petroleo Brasileiro SA's executive management is considering resigning en masse after the Brazilian government decided to replace Chief Executive Roberto Castello Branco, three people close to the management said, asking not to be named as information is private.
- 02/19/2021
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Bolsonaro says nominating replacement for Petrobras CEO
- Brazil's government has decided to nominate Joaquim Silva e Luna as the next chief executive of state-controlled oil company Petrobras, according to a post on President Jair Bolsonaro's official Facebook account.
- 02/19/2021
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Petrobras: Longer-Term Upside Intact Despite Transitory Q4 2020 Production Weakness
- Petrobras posts production declines in its latest FQ4 '20 operational update. As much of the weakness looks likely to be scheduling/COVID-19-related, investors should remain focused on the improving medium to longer-term outlook.
- 02/17/2021
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Petrobras (PBR) Closes Sale of 50% Stake in BSBios for R$322M
- Petrobras (PBR) concludes divestment of its whole 50% share in BSBios to RP Participacoes em Biocombustiveis SA for R$322 million.
- 02/12/2021
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Petrobras (PBR) Confirms the Sale of RLAM Refinery to Mubadala
- Petrobras (PBR) agrees to sell RLAM refinery to Abu Dhabi's Mubadala Capital for a deal value of $1.65 billion, which is pending regulatory nods.
- 02/11/2021
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Petrobras (PBR) Unearths Pre-Salt Oil Discovery in Campos Basin
- Petrobras (PBR) discovers hydrocarbons in the C-M-411 block located in the offshore Campos Basin and expects the well data to be examined for improved exploratory activities in the block.
- 02/03/2021
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Exclusive-Samsung, Hyundai, Daewoo prepare for Petrobras oil platform tender: sources
- Three consortia including Asian shipyards are preparing to compete to build Brazilian state-controlled oil firm Petrobras' first two in-house platforms in more than seven years, according to four people familiar with the tender.
- 01/28/2021
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Petrobras (PBR) Draws Record Oil in 2020 Despite Coronavirus
- Petrobras' (PBR) 2020 pre-salt production sums 1.86 million barrels of oil equivalent per day, accounting for 66% of its total output.
- 01/08/2021
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Petrobras (PBR) to Divest Its 50% Stake in BSBios for R$322M
- Petrobras' (PBR) plan to sell half of its ownership interest in the local biodiesel plants operator BSBios is in line with its strategy to slash costs and enhance capital deployment.
- 12/29/2020
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Petrobras (PBR) Clinches 5-Year Supply Deal From Braskem
- Petrobras (PBR) will supply at least 580,000 metric tonnes of ethylene every year to Braskem's unit in Rio de Janeiro until Dec 31, 2025.
- 12/28/2020
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Petrobras (PBR) Unearths Great Quality Oil in Buzios Well
- Petrobras (PBR) hits oil of finest quality after drilling a new 9-BUZ-48D-RJS well in its deepwater Buzios field in the Santos Basin.
- 12/23/2020
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Petrobras (PBR) Begins Non-Binding Phase of Marlim Cluster
- Petrobras' (PBR) plans to divest half its stakes in the four fields of the Marlim Cluster, which is in line with its strategy to slash costs and enhance capital deployment.
- 12/17/2020
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Petrobras (PBR) to Sell Its Entire Stake in Onshore Fields of Sergipe
- Petrobras (PBR) to sell its whole interest in Rabo Branco field to Energizzi Energias do Brasil Ltda wherein the latter will pay the former a sum of $1.5 million at one go.
- 12/15/2020
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Brazil prosecutors sue Trafigura over irregular Petrobras contracts: statement
- Brazilian federal prosecutors have filed a lawsuit seeking damages from oil trading company Trafigura and former executives on corruption allegations involving Brazilian state-run oil company Petroleo Brasileiro SA (Petrobras), according to a statement on Monday.
- 11/30/2020
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2020 Reveals The Strength Of Petrobras' Business
- Petrobras' business and its improvements over the recent years are finally forced to light by COVID-19. The company has maintained strong FCF, which is unsurprising, as it aggressively pays down debt.
- 11/27/2020
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