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Petrobras Expands Stake in Mero and Atapu Units at PPSA Auction

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Petrobras Expands Stake in Mero and Atapu Units at PPSA Auction

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Petroleo Brasileiro SA- Petrobras ( (PBR) ) has issued an announcement.

On December 4, 2025, Petrobras announced its acquisition of additional rights in the Mero and Atapu units during the PPSA’s Non-Contracted Areas Auction. The company, in partnership with Shell, increased its stake in these shared reservoirs, aligning with its long-term strategy to replace oil and gas reserves with economic and environmental resilience. The acquisition, supported by recent legislative changes, involves a planned disbursement of R$ 6.97 billion by December 2025, with contracts expected to be signed by March 2026.

The most recent analyst rating on (PBR) stock is a Buy with a $14.50 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’ strong financial performance, attractive valuation, and positive technical indicators contribute to a solid stock score. The company’s strategic execution and production achievements further bolster its position, despite challenges from declining oil prices.

To see Spark’s full report on PBR stock, click here.

More about Petroleo Brasileiro SA- Petrobras

Petróleo Brasileiro S.A. – Petrobras is a Brazilian petroleum corporation primarily engaged in the oil and gas industry. The company focuses on exploration, production, refining, and distribution of oil and gas products, with a significant emphasis on the pre-salt region of Brazil.

Average Trading Volume: 22,230,718

Technical Sentiment Signal: Strong Buy

Current Market Cap: $79.44B

For an in-depth examination of PBR stock, go to TipRanks’ Overview page.

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