Petróleo Brasileiro S.A. - Petrobras (PBR)

NYSE: PBR · IEX Real-Time Price · USD
14.84
-0.10 (-0.67%)
Jul 22, 2024, 1:21 PM EDT - Market open
-0.67%
Market Cap 93.16B
Revenue (ttm) 102.41B
Net Income (ttm) 24.88B
Shares Out 6.39B
EPS (ttm) 3.82
PE Ratio 4.34
Forward PE 4.19
Dividend $2.54 (16.95%)
Ex-Dividend Date Jun 13, 2024
Volume 7,394,016
Open 15.01
Previous Close 14.94
Day's Range 14.82 - 15.06
52-Week Range 13.18 - 17.91
Beta 0.99
Analysts Strong Buy
Price Target 16.80 (+13.21%)
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]

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

Financial Performance

In 2023, Petrobras'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 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 13.21% from the latest price.

Price Target
$16.8
(13.21% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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.

7 days ago - Schwab Network

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) ...

14 days ago - Reuters

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.

4 weeks ago - Reuters

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 ...

4 weeks ago - Reuters

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...

4 weeks ago - Reuters

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.

5 weeks ago - Reuters

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...

Other symbols: FTI
6 weeks ago - Benzinga

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...

6 weeks ago - GlobeNewsWire

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...

7 weeks ago - Reuters

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 ...

7 weeks ago - Reuters

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.

2 months ago - Reuters

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...

2 months ago - Reuters

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...

2 months ago - Reuters

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...

2 months ago - Reuters

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 ...

2 months ago - Reuters

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...

2 months ago - Reuters

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...

2 months ago - Reuters

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.

2 months ago - Reuters

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.

Other symbols: OMABFNV
2 months ago - Schwab Network

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...

2 months ago - Reuters

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.

2 months ago - Investopedia

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...

2 months ago - Reuters

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...

2 months ago - Reuters

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 ...

2 months ago - Reuters

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.

2 months ago - Invezz