An announcement from Petroleo Brasileiro SA- Petrobras ( (PBR) ) is now available.
On April 3, 2025, Petrobras announced that Fitch Ratings has reaffirmed the company’s Long-Term Local and Foreign Currency Issuer Default Ratings at ‘BB’ with a stable outlook, and its long-term national scale rating at ‘AAA’. This affirmation reflects Petrobras’ robust operational scale and proven reserves, aligning with investment-grade international oil companies. The reaffirmation is expected to support Petrobras’ continued positive free cash flow and investment in reserve replenishment, indicating a stable financial outlook for the company.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, formally known as Petróleo Brasileiro S.A., is a Brazilian petroleum corporation engaged in the oil and gas industry. The company is primarily focused on the exploration, production, refining, and transportation of oil and natural gas. It holds a significant position in the global market with substantial operational scale and proven reserves.
YTD Price Performance: 8.69%
Average Trading Volume: 16,008,975
Technical Sentiment Signal: Strong Sell
Current Market Cap: $88.86B
For an in-depth examination of PBR stock, go to TipRanks’ Stock Analysis page.