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The latest update is out from Petroleo Brasileiro SA- Petrobras ( (PBR) ).
In the second quarter of 2025, Petrobras reported a 5% increase in average production of oil, NGL, and natural gas compared to the first quarter, reaching 2.91 MMboed. This growth was driven by the ramp-up of several FPSOs and the start-up of new wells, despite challenges such as maintenance stoppages and natural production declines. Notably, the FPSO Alexandre de Gusmão began operations ahead of schedule in May, marking a milestone in the Mero field. Additionally, Petrobras achieved several production records, including a new high for total operated production and pre-salt production. The company also made significant strides in refining, with increased production capacity for S-10 diesel and jet fuel at the Paulínia Refinery, contributing to a phase-out of S-500 diesel. Furthermore, Petrobras advanced its sustainability efforts by partnering with Vale to supply a bulk carrier with a marine fuel blend containing biodiesel.
The most recent analyst rating on (PBR) stock is a Buy with a $16.70 price target. To see the full list of analyst forecasts on Petroleo Brasileiro SA- Petrobras stock, see the PBR Stock Forecast page.
Spark’s Take on PBR Stock
According to Spark, TipRanks’ AI Analyst, PBR is a Outperform.
Petrobras shows strong profitability and attractive valuation, supported by a robust dividend yield. While technical indicators are neutral, the company is managing challenges from declining oil prices and increased debt through strategic initiatives discussed in the earnings call.
To see Spark’s full report on PBR stock, click here.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, formally known as Petróleo Brasileiro S.A., is a Brazilian multinational corporation primarily engaged in the petroleum industry. The company focuses on the exploration, production, refining, and transportation of oil and gas, with a significant emphasis on the Brazilian pre-salt oil fields.
Average Trading Volume: 22,397,486
Technical Sentiment Signal: Strong Buy
Current Market Cap: $77.25B
Learn more about PBR stock on TipRanks’ Stock Analysis page.