Petrobras Announces Resignation of Board Chairman

The latest update is out from Petroleo Brasileiro SA- Petrobras ( (PBR) ).

On August 20, 2025, Petrobras announced the immediate resignation of Mr. Pietro Adamo Sampaio Mendes from his role as Chairman and member of the Board of Directors due to new professional challenges. Mr. Mendes expressed gratitude to his colleagues and wished them success. The Board of Directors is authorized to elect a replacement until the next General Shareholder Meeting, ensuring continuity in leadership. This change in leadership could impact Petrobras’ strategic direction and stakeholder relations, and the company has committed to keeping the market informed.

The most recent analyst rating on (PBR) stock is a Hold with a $13.00 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 Neutral.

Petrobras’ overall score is driven by its strong valuation and positive earnings call, highlighting production growth and strategic execution. However, bearish technical indicators and challenges in revenue growth and cash flow weigh on the score.

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 petroleum corporation headquartered in Rio de Janeiro. It operates in the oil and gas industry, focusing on the exploration, production, refining, and distribution of oil and gas products. As a major player in the energy sector, Petrobras holds significant influence in the Brazilian market and is a key entity in the global petroleum industry.

Average Trading Volume: 23,005,159

Technical Sentiment Signal: Hold

Current Market Cap: $73.79B

For detailed information about PBR stock, go to TipRanks’ Stock Analysis page.