Petróleo Brasileiro S.A. - Petrobras (PBR.A)

NYSE: PBR.A · IEX Real-Time Price · USD
16.06
+0.47 (3.01%)
At close: Apr 22, 2024, 4:00 PM
16.04
-0.02 (-0.12%)
After-hours: Apr 22, 2024, 7:48 PM EDT
3.01%
Market Cap 104.42B
Revenue (ttm) 102.41B
Net Income (ttm) 24.88B
Shares Out 6.50B
EPS (ttm) 3.82
PE Ratio 4.40
Forward PE 4.05
Dividend $2.00 (12.43%)
Ex-Dividend Date Apr 26, 2024
Volume 15,864,995
Open 15.61
Previous Close 15.59
Day's Range 15.56 - 16.06
52-Week Range 8.94 - 17.32
Beta 1.01
Analysts Strong Buy
Price Target 16.80 (+4.61%)
Earnings Date May 10, 2024

About PBR.A

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]

Sector Energy
Founded 1953
Employees 46,730
Stock Exchange NYSE
Ticker Symbol PBR.A
Full Company Profile

Financial Performance

In 2023, PBR.A'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 Statements

Analyst Forecast

According to 10 analysts, the average rating for PBR.A stock is "Strong Buy." The 12-month stock price forecast is $16.8, which is an increase of 4.61% from the latest price.

Price Target
$16.8
(4.61% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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 deci...

11 days ago - Reuters

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...

12 days ago - Reuters

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 Petrob...

15 days ago - Reuters

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 ...

4 weeks ago - Reuters

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 ga...

Other symbols: BPEQNRSHELXOM
5 weeks ago - Reuters

In Petrobras dividend spat, CEO navigates Lula's divided cabinet

The fallout from a missing Petrobras dividend may have shifted the balance in a tug-of-war between the CEO of the state-run firm and the energy minister holding sway over its board.

5 weeks ago - Reuters

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' meet...

6 weeks ago - Reuters

Petrobras loses over $10 billion in market cap after dashing dividend hopes

Investor frustration with a meager dividend from Brazil's state-run oil firm Petrobras wiped out over 50 billion reais ($14 billion) of its market value on Friday after government-appointed board memb...

6 weeks ago - Reuters

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.

6 weeks ago - Reuters

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.

7 weeks ago - Reuters

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 divide...

7 weeks ago - Reuters

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.

Other symbols: BAK
2 months ago - Reuters

Brazil's Petrobras seeks to settle refinery deal structure with Mubadala by end-June

Brazilian state-run oil company Petrobras hopes to settle details of a tie-up with Mubadala to take back control of the operation of a refinery owned by the Abu Dhabi sovereign investor by the end of ...

2 months ago - Reuters

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 chie...

2 months ago - Reuters

Brazil audit sees potential Petrobras losses in Unigel fertilizer deal

Brazil's federal audit court (TCU) said on Monday it has found irregularities in a contract between state-run oil company Petrobras and chemical company Unigel, according to a preliminary review scrut...

2 months ago - Reuters

Brazil Is Having a Great Time. 5 Stocks to Play.

Brazil's central bank has slashed rates as inflation subsides. The boost to consumers and corporate borrowers should juice earnings of listed companies.

Other symbols: BBDBBDOEWZITUBVALE
2 months ago - Barrons

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 incurr...

2 months ago - Reuters

Petrobras CEO Sees Oil at $70 to $90 a Barrel in 2024

"We are not at the very end of the oil era," Petrobras CEO Jean Paul Prates says during an interview on Bloomberg Television.

3 months ago - Bloomberg Markets and Finance

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 fi...

3 months ago - Reuters

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.

3 months ago - Reuters

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 e...

3 months ago - Reuters

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 Mau...

3 months ago - Reuters

Brazil's Petrobras says Sepetiba FPSO enters production

Brazilian state-run oil company Petrobras' Sepetiba floating production storage and offloading (FPSO) unit started production on Sunday, the oil giant said in a securities filing.

4 months ago - Reuters

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.

Other symbols: BRYCVIEQNR
4 months ago - Forbes

Petrobras says Carmo Energy fails to make payment for oil assets

SAO PAULO, Dec 26 (Reuters) - Brazil's Petrobras (PETR4.SA) said on Tuesday that Carmo Energy has not fulfilled contractual obligations related to its purchase of the onshore Polo Carmopolis area from...

4 months ago - Reuters