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The latest update is out from Petroleo Brasileiro SA- Petrobras ( (PBR) ).
On December 31, 2025, Petrobras started production from the FPSO P-78 in the Búzios field’s Búzios 6 project in the pre-salt Santos Basin, adding capacity of 180,000 barrels of oil per day and 7.2 million cubic meters of gas per day. The new unit, the seventh production system in Brazil’s largest field by reserves, lifts Búzios’ installed capacity to about 1.15 million barrels per day and will support gas exports to shore via the Rota 3 pipeline, potentially increasing Brazil’s gas supply by up to 3 million cubic meters per day. P-78 marks the debut of a new generation of Petrobras-designed FPSOs that incorporate lessons from earlier pre-salt units, tighter quality and efficiency standards for shipyards, and emissions-reducing technologies such as flare gas recovery and energy integration systems. The project involves 13 wells equipped with intelligent completions and a network of rigid and flexible pipelines using innovative mooring solutions to handle high production rates, underscoring Petrobras’s push to enhance operational efficiency and consolidate its leading role in Brazil’s ultra-deepwater oil and gas sector.
The most recent analyst rating on (PBR) stock is a Hold 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 Neutral.
Petrobras scores well due to its strong financial performance and attractive valuation, particularly its low P/E ratio and high dividend yield. However, technical analysis indicates some bearish momentum, which could pose short-term risks.
To see Spark’s full report on PBR stock, click here.
More about Petroleo Brasileiro SA- Petrobras
Petróleo Brasileiro S.A. – Petrobras is Brazil’s state-controlled integrated oil and gas company, focused on exploration and production in offshore pre-salt fields, as well as refining and natural gas supply for the domestic market. Its operations in the Santos Basin, including the giant Búzios field, are central to its reserves base and to Brazil’s broader energy infrastructure and supply security.
Average Trading Volume: 20,623,862
Technical Sentiment Signal: Hold
Current Market Cap: $73.55B
For detailed information about PBR stock, go to TipRanks’ Stock Analysis page.