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Petróleo Brasileiro S.A. - Petrobras
PBR-AEnergyNYSEBR
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Private equity management firm IG4 Capital and Brazilian state-run oil company Petrobras on Wednesday became the co-controllers of petrochemical firm Braskem , completing a deal signed in April, IG4 said in a statement.
Brazil's state-run oil firm Petrobras' negotiation with SBM Offshore for two floating oil and gas production vessels (FPSO) for its Sergipe deepwater project is done, an executive from the company said on Thursday.
Petrobras is a low-cost oil producer with a breakeven near $50/barrel and strong leverage to elevated Brent prices. PBR trades at a steep valuation discount to global peers, reflecting Brazil-specific political and debt risks, but offers a compelling forward yield potential. I expect a sustainable dividend yield approaching 10% at a 50% payout ratio, with upside as new FPSOs and higher oil prices flow through results.
Brazil's state-run oil firm Petrobras wants two production wells built by 2030 at a still-unnamed new discovery at the Aram block in Santos basin, Chief Executive Magda Chambriard said during a press conference on Friday.
Petroleo Brasileiro S.A.- Petrobras NYSE: PBR reported higher production, stronger refinery utilization and continued investment in upstream projects during the first quarter of 2026, while executives said the company is monitoring fuel-price volatility and prioritizing capital discipline.
Brazil's Petrobras will send representatives to Mexico to explore new business opportunities as it eyes a potential partnership with fellow state-run oil firm Pemex (PEMX.UL), CEO Magda Chambriard said on Tuesday.
Brazilian state-run oil firm Petrobras said on Monday its board of directors approved the payment of 9.03 billion reais ($1.85 billion) in interest on equity to shareholders, or about 0.70 real per share.
Brazilian state-run oil firm Petrobras on Monday posted a net profit of 32.66 billion reais ($6.68 billion) for the first quarter, down 7.2% from a year earlier and missing market estimates.
Brazilian state-run oil company Petrobras has hiked the price of natural gas sold to distributors by 19.2% starting May 1, it said on Saturday, marking the latest in a series of energy price increases related to the U.S.-Israeli war on Iran.
Mexican President Claudia Sheinbaum said on Thursday she expects state oil firm Pemex (PEMX.UL) and its Brazilian counterpart Petrobras to reach an agreement, after Brazil's president pitched a partnership earlier this year.
Shareholders from Brazilian petrochemical firm elected on Wednesday a new board of directors, which included Magda Chambriard, chief executive at state-run oil company Petrobras , as chair, local newspaper Folha de S. Paulo said, citing sources.
Brazilian state-run oil firm Petrobras decided not to exercise its waiver rights regarding Novonor's sale of its controlling stake in petrochemical firm Braskem , it said in a securities filing on Thursday.
Petrobras (PBR) emerges as the most compelling commodity play amid global oil flow restructuring and favorable currency dynamics. PBR benefits from China's structural shift toward Brazilian crude, as Middle Eastern and Venezuelan supplies are cut off. Consensus underestimates PBR's strategic export contracts and the durability of new oil trade corridors, supporting a 7-8% dividend yield.
Petrobras is downgraded to Buy after a 62% rally but remains undervalued, with long-term upside from Brazil's macro and investment cycle tailwinds. PBR's elevated CAPEX through 2028 will pressure free cash flow and dividends but support asset growth and position the company for post-cycle gains. Political risk and a new 10% dividend withholding tax for nonresident investors temper upside, while state ownership remains a persistent valuation overhang.
Brazilian state-run oil firm Petrobras is in initial direct negotiations with Abu Dhabi's Mubadala sovereign wealth fund to repurchase the Mataripe refinery in Brazil, two sources with knowledge of the matter told Reuters on Monday.
Brazilian state-run oil firm Petrobras said on Thursday it will reimburse fuel distributors that had won a liquefied petroleum gas (LPG) auction in March, paying them the difference between their bids and import prices at the time.
Brazil's state-run oil company Petrobras could raise the prices of natural gas sold to distributors by some 20% starting in May due to a global hike in oil prices, the executive director of industry group Abegas said on Tuesday.
Petróleo Brasileiro S.A. - Petrobras has surged nearly 75% YTD, outperforming the S&P 500, driven by robust oil earnings and operational execution. PBR's integrated portfolio, ramping offshore production, and high-quality pre-salt assets underpin resilient cash flow and future growth. Dividend yield approaches 6%, with a 45% FCF payout policy and potential for special dividends amid rising Brent prices.
Brazilian state-run oil firm Petrobras said on Monday its board of directors has elected member Marcelo Weick Pogliese as the new chairman.
Brazil oil regulator ANP said on Thursday it has kicked off an inspection into state-run oil firm Petrobras' auctions of liquefied petroleum gas, citing suspicions of price gouging.
Brazilian President Luiz Inacio Lula da Silva said on Thursday the government will seek to annul an auction at which state-run oil firm Petrobras sold liquefied petroleum gas (LPG) at prices he described as too high due to the war in Iran.
Brazilian state-run oil firm Petrobras hiked jet fuel prices by about 55% on Wednesday, data on the company's website showed, in a move tracking higher global oil prices linked to the U.S.-Israeli war with Iran.
Abra Group, the holding company that controls airline Gol , said on Tuesday that Brazilian state-run oil firm Petrobras will raise jet fuel prices by about 55% starting April 1.
Brazil's Petrobras has shifted its fuel supply strategy and will offer additional fuel volumes to distributors for April deliveries, the state-run oil company told Reuters on Thursday.
Brazilian state-run oil company Petrobras said on Thursday it has made a new discovery of "high-quality" oil in the pre-salt area of the Campos Basin.
The head of the Brazilian oil company Petrobras, Magda Chambriard, will visit Mexico in April to discuss a proposed partnership with Mexico's state-run oil firm Pemex, Mexican President Claudia Sheinbaum said on Tuesday.
Brazil's Petrobras will hold off on raising diesel prices in the short term, three sources told Reuters, as the state-run oil firm sticks with its strategy of not passing swings in prices abroad on to local consumers.
Brazilian President Luiz Inacio Lula da Silva said on Friday that state-run oil company Petrobras will seek to buy back a refinery in Bahia state that was sold to Abu Dhabi's sovereign fund Mubadala in 2021, under his predecessor Jair Bolsonaro.
Brazilian oil regulator ANP will tell state-run oil firm Petrobras to supply the diesel and gasoline volumes that the company would have auctioned this week in deals later canceled, it said on Thursday.
Petrobras is upgraded to buy, driven by deep undervaluation, robust FCF, and resilient asset quality despite persistent government intervention risks. PBR's five-year $109B capex plan targets peak oil production of 2.7MM bpd by 2028 and >3.4MM bpd by 2029, with significant expansion in refining and low-carbon fuels. Valuation remains compelling: P/E GAAP at 5.59, EV/EBITDA at 4.89, and FCF yield at 14.5%, even after a 68% share price rally.
Brazilian state-run oil firm Petrobras' refineries are set to operate at 98.5% of capacity in April, amid what is becoming a "longer-than-expected" conflict in the Middle East, Chief Executive Magda Chambriard said on Wednesday.
Brazil's Transpetro, the logistics subsidiary of Petrobras , has signed shipping deals with commodities trader Trafigura (TRAFGF.UL) and Ultrapar's fuel distribution unit Ipiranga, Chief Financial Officer Danilo Silva told Reuters, announcing a new revenue stream for the state-controlled oil company.
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Bolivian President Rodrigo Paz said on Tuesday that his country wanted to restart a relationship with Brazilian state oil firm Petrobras under new, clearer energy regulations.
Brazilian state-run oil company Petrobras will hike the price of diesel sold to distributors by 0.38 reais ($0.0725) per liter starting March 14, it said in a statement on Friday.
Brazilian state-run oil company Petrobras plans to hold an auction to sell 20 million liters of diesel in the southern Rio Grande do Sul state amid reports of shortages, sources familiar with the issue told Reuters on Tuesday.
As investors balanced optimism over a potential de-escalation in the Middle East with ongoing geopolitical uncertainty, Brazil's benchmark Ibovespa index posted a modest gain on Tuesday, remaining above the 181,000-point threshold. However, the early optimism faded as fresh reports of targeted strikes in southern Lebanon emerged, limiting further advances in stocks.
Brazilian state-run oil company Petrobras is refusing requests from fuel distributors for additional diesel volumes as domestic prices fall to a record discount versus global levels, four sources familiar with the matter told Reuters.
PBR's investment thesis is anchored by discounted valuations, low capex breakeven costs, growing production capacity, and elevated Brent prices driving robust upstream tailwinds entering FQ1'26. Despite the outsized rally and debt risks from higher capex, PBR remains undervalued on EV/proven reserves basis while offering a rich forward dividend yield of 6.3%. This is also with the possibility that PBR may generate a richer FQ1'26 Free Cash Flow, with it presenting tailwinds to their variable income investment thesis.
Petrobras offers a forward dividend yield near 7% and trades at just 5.5x forward P/E, creating an unusual profile. PBR's dividend policy targets 45% of free cash flow, with 2025 payouts totaling R$41.2 billion (~$7.77B USD), well covered by robust cash generation. Despite a 44% year-over-year capex increase, free cash flow remains strong, supporting forward dividend estimates above 8% yield at current prices.
Brazilian state-run oil company Petrobras continues to import and export materials it needs to operate and could pay more dividends if cash flow is high, executives said during an analyst call on Friday.
Petróleo Brasileiro S.A. - Petrobras is upgraded to Buy due to extreme valuation asymmetry and potential upside from higher oil prices, despite persistent political risk. PBR trades at a single-digit P/E, far below global oil majors like XOM and CVX, with a free cash flow yield that could reach 23% in a bullish oil scenario. Low lifting costs (~$6.5/bbl) and operational leverage position PBR for outsized margin expansion if oil prices spike, especially via exports.
