Petrobras Finalizes Equalization Agreement for Jubarte Pre-Salt

Petroleo Brasileiro SA- Petrobras ( (PBR) ) has shared an update.

On October 20, 2025, Petrobras announced the signing of an Expenses and Volumes Equalization Agreement with PPSA for the Jubarte Pre-Salt Shared Reservoir. This agreement, following the Production Individualization Agreement approved by Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels, outlines the proportional shares of each company involved, with Petrobras holding a 97.250% share. The agreement requires Petrobras to pay PPSA R$ 1.54 billion by the end of October, with most of this amount already provisioned in the company’s financial statements. This development is part of ongoing negotiations to reconcile revenues and expenses among partners in the Argonauta Field, which include Shell Brasil, Enauta, and ONGC Campos.

The most recent analyst rating on (PBR) stock is a Buy with a $13.50 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 valuation and earnings call performance are key strengths, supported by robust profitability and operational efficiency. However, technical indicators suggest short-term caution, and challenges in revenue growth and cash flow need addressing.

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

More about Petroleo Brasileiro SA- Petrobras

Petrobras, officially known as Petróleo Brasileiro S.A., is a Brazilian petroleum corporation primarily involved in the oil and gas industry. The company focuses on the exploration, production, refining, and distribution of oil and natural gas, with a significant market presence in Brazil and a strategic focus on pre-salt oil fields.

Average Trading Volume: 22,609,683

Technical Sentiment Signal: Hold

Current Market Cap: $73.1B

See more data about PBR stock on TipRanks’ Stock Analysis page.