Petróleo Brasileiro S.A. - Petrobras (PBR)
| Market Cap | 91.90B |
| Revenue (ttm) | 102.41B |
| Net Income (ttm) | 24.88B |
| Shares Out | 6.32B |
| EPS (ttm) | 3.82 |
| PE Ratio | 4.24 |
| Forward PE | 4.19 |
| Dividend | $2.54 (17.46%) |
| Ex-Dividend Date | Jun 13, 2024 |
| Volume | 12,195,561 |
| Open | 14.54 |
| Previous Close | 14.50 |
| Day's Range | 14.37 - 14.65 |
| 52-Week Range | 13.02 - 17.91 |
| Beta | 1.01 |
| Analysts | Strong Buy |
| Price Target | 16.80 (+15.46%) |
| Earnings Date | Aug 1, 2024 |
About PBR
Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries. The Refining, Transportation and Marketing segment engages in the refining, logistics, transport, acquisition, and exports of crude oil; ... [Read more]
Financial Performance
In 2023, PBR's revenue was $102.41 billion, a decrease of -17.73% compared to the previous year's $124.47 billion. Earnings were $24.88 billion, a decrease of -32.05%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for PBR stock is "Strong Buy." The 12-month stock price forecast is $16.8, which is an increase of 15.46% from the latest price.
News
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.
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 ...
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 Equato...
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.
TechnipFMC, Sulzer Team Up on CO2 Pumps for Petrobras
TechnipFMC plc, a leading subsea equipment and services provider, joined forces with Sulzer Flow Equipment to develop innovative subsea carbon dioxide (CO2) pump solutions. These supercritical CO2 pum...
Vallourec signs a major contract for the supply of tubes and services to Petrobras
Vallourec signs a major contract for the supply of tubes and services to Petrobras Meudon (France), June 6, 2024 – Vallourec, a world leader in premium tubular solutions, has secured a contract to su...
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 st...
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 ...
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.
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 tol...
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...
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 commi...
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 ...
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 r...
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 w...
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.
FNV, PBR, OMAB: Finding Small Cap Opportunities Abroad
Inflation is not coming down as fast in the U.S. as it is in Europe, notes Lukasz Tomicki. He discusses finding small cap opportunities abroad.
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 cr...
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.
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...
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 int...
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 ...
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.
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.
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.