Petróleo Brasileiro S.A. - Petrobras (PBR)
Market Cap | 97.77B |
Revenue (ttm) | 124.47B |
Net Income (ttm) | 36.62B |
Shares Out | 6.52B |
EPS (ttm) | 5.62 |
PE Ratio | 3.23 |
Forward PE | 2.76 |
Dividend | $3.64 (24.30%) |
Ex-Dividend Date | Aug 22, 2023 |
Volume | 15,914,521 |
Open | 14.98 |
Previous Close | 14.84 |
Day's Range | 14.95 - 15.14 |
52-Week Range | 8.88 - 16.32 |
Beta | 0.92 |
Analysts | Buy |
Price Target | 16.09 (+7.34%) |
Earnings Date | Nov 3, 2023 |
About PBR
Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons. The Exploration and Production segment explores, develops, and produces crude oil... [Read more]
Financial Performance
In 2022, PBR's revenue was $124.47 billion, an increase of 48.24% compared to the previous year's $83.97 billion. Earnings were $36.62 billion, an increase of 84.27%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for PBR stock is "Buy." The 12-month stock price forecast is $16.09, which is an increase of 7.34% from the latest price.
News

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...

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.

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.

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.

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.

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 sust...

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 f...

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...

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" un...

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.

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, th...

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,...

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.

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 exec...

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 pr...

Brazil's Petrobras hikes fuel prices after 'abrupt' global spike
Brazilian state-run oil company Petrobras will raise gasoline and diesel prices at its refineries, it said on Tuesday, after an "abrupt" increase in global oil prices.

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.

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 bil...

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.

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.

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.

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 securitie...

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.

Petrobras: A High-Yield Energy Stock That Is Undervalued
Petroleo Brasileiro SA Petrobras ( PBR , Financial), also known as simply Petrobas, is an integrated energy company controlled by the Brazilian government.

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...