Petroleo Brasileiro (PBR)
NYSE:PBR
Want to see PBR full AI Analyst Report?
Top Page
Petroleo Brasileiro SA- Petrobras
(NYSE:PBR)
Select Model
Select Model
Rating:72Outperform
Price Target:
$19.50
▼(-4.65% Downside)
Action:Reiterated
Date:06/10/26
The score is driven primarily by strong financial performance (solid margins and cash generation) and very attractive valuation (low P/E and high dividend yield). These positives are tempered by weak technicals, with bearish trend signals despite oversold readings.
Positive Factors
Cash generation
Sustained multi‑billion operating cash flow and sizeable free cash flow provide durable funding for capex, FPSO programs, dividends and debt repayments. Strong cash generation underpins strategic optionality across cycles and supports capacity to invest in long‑life pre‑salt developments.
Negative Factors
Balance sheet leverage
A debt position near parity with equity raises structural refinancing and covenant sensitivity over time. In a prolonged commodity downturn or tighter global financing conditions, leverage could constrain capital allocation, limit opportunistic investments and pressure payout policy despite solid current profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained multi‑billion operating cash flow and sizeable free cash flow provide durable funding for capex, FPSO programs, dividends and debt repayments. Strong cash generation underpins strategic optionality across cycles and supports capacity to invest in long‑life pre‑salt developments.
Read all positive factors
Petroleo Brasileiro SA- Petrobras (PBR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$111.13B
Dividend Yield14.1%
Average Volume (3M)16.00M
Price to Earnings (P/E)6.2
Beta (1Y)-0.04
Revenue Growth3.35%
EPS Growth133.76%
CountryUS
Employees41,778
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)3.14
Shares Outstanding3,721,115,700
10 Day Avg. Volume14,608,407
30 Day Avg. Volume15,999,755
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.01
Price to Sales (P/S)0.84
P/FCF Ratio4.57
Enterprise Value/Market Cap1.69
Enterprise Value/Revenue2.01
Enterprise Value/Gross Profit4.31
Enterprise Value/Ebitda4.29
Forecast
1Y Price Target
$21.91Price Target Upside7.15% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)4.07
Revenue Forecast (FY)$116.06B
Petroleo Brasileiro SA- Petrobras Business Overview & Revenue Model
Company Description
Brazilian energy giant Petróleo Brasileiro S.A. (Petrobras) is deeply involved in the global oil and gas industry, conducting exploration, production, and sales activities both within Brazil and internationally. The company's diverse operations ar...
How the Company Makes Money
Petrobras primarily makes money by producing hydrocarbons and selling crude oil, natural gas, and refined products, with earnings influenced by production volumes, realized commodity prices, product spreads, operating costs, and exchange rates.
1...
Petroleo Brasileiro SA- Petrobras Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call emphasized strong operational execution and financial resilience — record production growth (+11% YoY), major pre‑salt milestones, robust EBITDA (~$42.5bn) and operating cash flow ($36bn) despite a 14% decline in Brent. The company also highlighted meaningful reserve additions (1.7 billion barrels, 175% replacement), heavy E&P investment, and progress in low‑carbon fuels. Key risks noted were macro price volatility, lack of a hedging strategy, sizeable gross debt/leasing exposure, and pending transactions/exploratory uncertainties (Braskem approval, equatorial margin results). Overall, positive operational momentum and disciplined capital allocation were judged to outweigh the external and transactional uncertainties.Positive Updates
Strong Production Growth
Total oil production increased 11% in 2025 versus 2024, driven by pre-salt ramp-ups and operational efficiency improvements (decline rates reduced from ~12% to ~4%), with efficiency gains contributing ~100,000 barrels/day equivalent.
Negative Updates
Oil Price Decline and Volatility
Average Brent fell to $69/bbl in 2025 (-14% YoY). Continued geopolitical volatility (Middle East conflict) creates price uncertainty and short‑term market disruptions that require daily re‑planning.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Production Growth
Total oil production increased 11% in 2025 versus 2024, driven by pre-salt ramp-ups and operational efficiency improvements (decline rates reduced from ~12% to ~4%), with efficiency gains contributing ~100,000 barrels/day equivalent.
Read all positive updates
Company Guidance
The management reiterated clear guidance built on three pillars—capital discipline, higher production and greater efficiency—backed by concrete 2025 metrics and short‑term targets: production rose 11% y/y, pre‑salt output delivered record platforms (Buzios, Atapu and Sépia each >1.0 million bpd), Q4 exports averaged 999,000 bpd (675,000 bpd for the year), domestic by‑product sales were 1,747,000 bpd (+1.43% y/y) with diesel sales +5.2% and QAV +6%, refinery utilization ~91–92% (68–70% higher‑value diesel/gasoline/QAV), reserve additions of 1.7 billion barrels (reserve replacement 175%), adjusted EBITDA ~$42.5bn ($43.8bn incl. events), operating cash flow ~$36bn, net income ~$19.6bn (adjusted), gross debt $69.8bn (62% leasing), 2025 CapEx >$20bn (+22%) with ~84% to E&P (~$17bn), Boaventura gas processing at 21 million m3/day and 6.6 million m3/day contracted inflexibly—while reiterating no price hedging, a policy of not passing volatility into domestic prices, possible extraordinary payouts only after protecting planned CapEx (Board approved BRL 8.1bn / BRL 0.62 per share this quarter; BRL 45bn distributed in the year), and ongoing ramp‑ups/anticipations (P‑78/P‑79 ramp‑up focus; P‑80/82/83 sailaways in 2026–27) to sustain cash generation and resilience even with a $69/bbl average Brent in 2025 (‑14% vs 2024).Petroleo Brasileiro SA- Petrobras Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
67
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 93.27B | 90.81B | 91.42B | 105.54B | 124.47B | 83.97B |
| Gross Profit | 43.47B | 43.25B | 45.97B | 55.64B | 64.99B | 40.80B |
| EBITDA | 43.66B | 43.02B | 27.46B | 50.92B | 69.93B | 44.90B |
| Net Income | 20.34B | 20.10B | 7.53B | 25.69B | 36.62B | 19.88B |
Balance Sheet | ||||||
| Total Assets | 238.62B | 223.28B | 181.65B | 217.07B | 187.19B | 174.35B |
| Cash, Cash Equivalents and Short-Term Investments | 9.12B | 9.24B | 7.53B | 15.55B | 10.77B | 11.12B |
| Total Debt | 71.18B | 70.09B | 60.31B | 62.60B | 53.80B | 58.74B |
| Total Liabilities | 153.14B | 147.07B | 122.30B | 138.09B | 117.36B | 104.54B |
| Stockholders Equity | 85.25B | 75.88B | 59.11B | 78.58B | 69.49B | 69.41B |
Cash Flow | ||||||
| Free Cash Flow | 14.87B | 16.72B | 23.34B | 31.10B | 40.14B | 31.47B |
| Operating Cash Flow | 34.92B | 36.56B | 37.98B | 43.21B | 49.72B | 37.79B |
| Investing Cash Flow | -17.57B | -15.72B | -13.37B | -7.96B | -432.00M | 2.16B |
| Financing Cash Flow | -15.48B | -17.73B | -33.09B | -30.70B | -51.45B | -40.79B |
Petroleo Brasileiro SA- Petrobras Technical Analysis
Positive
20.45
Price Trends
19.89
Negative
18.26
Positive
15.02
Positive
Market Momentum
-0.53
Positive
41.54
Neutral
42.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PBR, the sentiment is Positive. The current price of 20.45 is above the 20-day moving average (MA) of 18.79, above the 50-day MA of 19.89, and above the 200-day MA of 15.02, indicating a neutral trend. The MACD of -0.53 indicates Positive momentum. The RSI at 41.54 is Neutral, neither overbought nor oversold. The STOCH value of 42.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PBR.
Petroleo Brasileiro SA- Petrobras Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $111.13B | 6.15 | 27.02% | 14.10% | 3.35% | 133.76% | |
66 Neutral | $238.93B | 13.08 | 10.58% | 3.92% | -5.34% | 47.93% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $78.61B | 27.28 | 5.25% | 5.41% | -3.06% | 9.20% | |
63 Neutral | $110.38B | 35.41 | 5.52% | 5.62% | 4.29% | ― | |
60 Neutral | $92.83B | 16.47 | 13.33% | 7.43% | -1.94% | -30.62% |
* Energy Sector Average
PBR
Petroleo Brasileiro SA- Petrobras
18.38
6.46
54.14%
BP
BP
42.78
13.20
44.62%
E
Eni SPA
53.50
22.09
70.34%
SHEL
Shell
85.66
16.87
24.53%
EQNR
Equinor ASA
36.18
9.66
36.42%
TTE
TotalEnergies SE
88.02
29.06
49.29%
Petroleo Brasileiro SA- Petrobras Corporate Events
Petrobras Joins New Brazilian Diesel Subsidy Program to Bolster Fuel Supply
Jun 2, 2026
On June 2, 2026, Petrobras reported that its board had approved joining a new federal economic subvention for producers and importers of road-use diesel in Brazil, set at R$1.12 per liter under Provisional Measure 1,363 of May 30, 2026. The progra...
Petrobras Inks R$ 60 Billion FPSO Deals to Launch Sergipe Deepwater Hub
May 29, 2026
On May 29, 2026, Petrobras signed contracts with SBM Offshore to design, build, operate and later transfer two FPSO production units for its Sergipe Deepwater (SEAP) project, in a deal structured under a Build, Operate and Transfer model. Petrobra...
Petrobras to Fully Redeem $670 Million of 7.375% Global Notes Due 2027 in June
May 28, 2026
On May 28, 2026, Petrobras announced that its financing arm Petrobras Global Finance B.V. has notified investors it will redeem in full the outstanding 7.375% Global Notes due 2027, totaling $670,009,000 in principal. The redemption is scheduled f...
Petrobras Revamps Statutory Audit Committee, Names New Chair Effective July 2026
May 26, 2026
On May 25, 2026, Petrobras announced that its Board of Directors approved changes to the composition of its Statutory Audit Committee, reinforcing its governance structure. Independent board members Renato Campos Galuppo and Marcelo Gasparino da S...
Petrobras Q1 2026 Profit Rises on Strong Crude Exports and Higher Revenues
May 22, 2026
For the first quarter of 2026, Petrobras reported stronger consolidated results, with sales revenues rising 11.7% year-on-year to US$23.54 billion and net income attributable to shareholders increasing 3.8% to US$6.20 billion, supported by higher ...
Petrobras Files 2026 Reference Form with Brazilian Securities Regulator
May 22, 2026
On May 22, 2026, Petrobras reported that it had filed its 2026 Reference Form with the Brazilian Securities and Exchange Commission, covering the fiscal year ended December 31, 2025. The document, available in Portuguese on both the CVM and Petrob...
Petrobras Discloses GQG Partners Crossing 5% Ownership Threshold in Common Shares
May 22, 2026
On May 21, 2026, Petrobras disclosed that asset manager GQG Partners LLC had notified the company of an increase in its clients’ combined exposure to Petrobras common shares and ADRs. GQG’s client portfolio reached 187,199,112 common s...
Petrobras Closes 49.99% Stake in Lightsource bp Brazil, Deepening Solar Push
May 21, 2026
On May 20, 2026, Petrobras completed the acquisition of a 49.99% equity stake in Lightsource bp’s Brazilian subsidiaries, forming a joint venture with equal board representation to develop onshore renewable energy and storage projects in the...
Petrobras Joins New Brazilian Fuel Subsidy Program to Support Gasoline and Diesel Operations
May 21, 2026
On May 20, 2026, Petrobras’s board approved the company’s participation in a new federal economic subvention program for producers and importers of petroleum-derived fuels, created under Provisional Measure 1,358 of May 13, 2026. The m...
Petrobras Pays R$72.4 Billion in Taxes and Government Take in First Quarter of 2026
May 19, 2026
Petrobras reported that in the first quarter of 2026 it paid a total of R$72.4 billion in taxes and government take to public authorities, including R$49.4 billion from its own operations, R$14.8 billion in government take and R$8.2 billion in tax...
Petrobras Details $13 Billion Energy Transition Push and 2050 Net-Zero Ambition in 2025 Climate Report
May 14, 2026
Petrobras has released its 2025 Climate Change and Energy Transition Supplement, detailing how climate risks, emissions management, and transition opportunities are now central to its strategy and governance. The report aligns with international d...
Petrobras Sets May 20 Payout for 4Q 2025 Shareholder Remuneration
May 14, 2026
Petrobras announced in Rio de Janeiro on May 14, 2026 that it will pay the first installment of shareholder remuneration related to the fourth quarter of the 2025 fiscal year on May 20, 2026, based on the shareholder position as of April 22, 2026....
Petrobras Posts Higher Q1 2026 Revenue and Stronger Balance Sheet
May 12, 2026
Petrobras reported unaudited condensed consolidated interim financial statements for the quarter ended March 31, 2026, showing total assets of $238.7 billion, up from $222.3 billion at year-end 2025, driven mainly by higher property, plant and equ...
Petrobras Posts Higher Assets but Rising Short-Term Debt in Q1 2026 Interim Figures
May 12, 2026
Petrobras released its interim financial information for the quarter ended March 31, 2026, showing total parent-company assets of R$1.60 trillion, slightly higher than at December 31, 2025, with current assets and inventories rising alongside an i...
Petrobras Approves R$ 9.03 Billion Advance Remuneration to Shareholders for 2026
May 12, 2026
On May 11, 2026, Petrobras’ board approved shareholder remuneration of R$ 9.03 billion, equal to R$ 0.70097272 per outstanding common and preferred share, as an advance related to the 2026 fiscal year based on the March 31, 2026 balance shee...
Petrobras Posts 1Q26 Production Records and Secures R$44 Billion in Power Capacity Contracts
May 12, 2026
In the first quarter of 2026, Petrobras reported record operated production of 4.65 million barrels of oil equivalent per day and record own production in Brazil’s pre-salt layer of 2.66 million boed, supported by high refinery utilization a...
Petrobras Posts Strong 1Q26 Results on Record Output and Robust Cash Generation
May 12, 2026
Petrobras reported that in the first quarter of 2026 it delivered solid financial and operational performance, underpinned by record oil and gas production and stronger sales of domestically produced oil products. The company maintained robust pro...
Petrobras Retains Spot in Dow Jones Best-in-Class Sustainability Index
May 5, 2026
On May 4, 2026, Petrobras announced it was again selected for inclusion in the Dow Jones Best-in-Class World Index, part of SP Global’s Corporate Sustainability Assessment, marking its second consecutive year in the benchmark. The company pe...
Petrobras Secures ANP Approval for Sururu and Berbigão Production Split in Santos Basin
May 5, 2026
On April 30, 2026, Petrobras was notified by Brazil’s oil regulator ANP that Production Individualization Agreements for the Sururu and Berbigão shared reservoirs in the Santos Basin had been approved, with the accords taking effect on ...
Petrobras Ramps Up Búzios Output With Early Start of P-79 FPSO
May 1, 2026
On May 1, 2026, Petrobras started production from the P-79 FPSO at the Búzios field in the Santos Basin, bringing the unit onstream ahead of the company’s 2026–2030 business plan schedule. With capacity to process 180,000 barrels ...
Petrobras Sets New Production and Refining Records in First Quarter of 2026
May 1, 2026
In the first quarter of 2026, Petrobras reported record average production of oil, NGL and natural gas at 3.23 million barrels of oil equivalent per day, up 3.7% from the previous quarter and 16.1% from the same period in 2025, driven by ramp̴...
Petrobras Files April 2026 Form 6-K With U.S. SEC
Apr 28, 2026
Petrobras, the Brazilian state-backed oil and gas major, has filed its Form 6-K as a foreign private issuer for the month of April 2026 with the U.S. Securities and Exchange Commission, reaffirming its status as a Form 20-F filer. The filing, sign...
Petrobras Moves to 98% Control of Jubarte With Argonauta Ring-Fence Deal
Apr 28, 2026
On April 27, 2026, Petrobras announced an agreement to acquire 100% of a portion of the Argonauta Field ring‑fence in the Campos Basin from Shell, ONGC, and Brava, covering 0.86% of the shared pre‑salt Jubarte reservoir under a unitiza...
Petrobras Strikes New Joint-Control Deal Over Braskem With Investment Fund
Apr 24, 2026
On April 23, 2026, Petrobras announced it had formally notified Novonor S.A. that it would not exercise its preemptive and tag-along rights under the existing Braskem shareholders’ agreement. Instead, the company signed a new shareholders...
Petrobras Files Procedural April 2026 Form 6-K with U.S. SEC
Apr 23, 2026
In April 2026, Petrobras filed a Form 6-K with the U.S. Securities and Exchange Commission as a foreign private issuer for the month, confirming it continues to report under Form 20-F and is not using the Rule 12g3-2(b) exemption. The filing large...
Petrobras Sets Late-April and May Dates for 1Q26 Results Releases and Webcast
Apr 23, 2026
On April 22, 2026, Petrobras announced the timetable for its first-quarter 2026 disclosures, signaling the next key dates for investors and analysts. The company will publish its 1Q26 Production and Sales Report on April 30, 2026, followed by the ...
Petrobras Weighs New Braskem Governance Pact as Novonor Sells Stake
Apr 20, 2026
On April 20, 2026, Petrobras disclosed that Novonor group entities and investment vehicles managed by Vórtx Capital and advised by IG4 executed a judicial share purchase agreement for the sale of common and Class A preferred shares of petroch...
Petrobras to Take Operatorship and 75% Stake in Offshore Block in São Tomé and Príncipe
Apr 17, 2026
On April 17, 2026, Petrobras said it signed an agreement to acquire a 75% stake and operatorship in offshore Block 3 in São Tomé and Príncipe from Oranto Petroleum. Once the deal closes, the consortium will comprise Petrobras with 7...
Petrobras AGM Clears R$ 41.2 Billion 2025 Payout to Shareholders
Apr 17, 2026
On April 16, 2026, Petrobras’ Annual General Meeting approved shareholder remuneration for the 2025 fiscal year totaling R$ 41.24 billion, equal to R$ 3.19936420 per outstanding common and preferred share. This figure consolidates R$ 33.16 b...
Petrobras AGM Approves 2025 Results, Dividend Payouts and New Board Line-Up
Apr 17, 2026
At its Annual General Meeting held on April 16, 2026, Petrobras shareholders approved the 2025 management accounts and financial statements and endorsed the capital budget for 2026, confirming the company’s investment and operating plans. Th...
Petrobras Adopts Cumulative Voting for April 16 Board Election After Shareholder Request
Apr 15, 2026
On April 14, 2026, Petrobras disclosed that shareholders holding more than 5% of its common shares had formally requested the use of the cumulative voting system for electing members of the Board of Directors at the Annual General Meeting schedule...
Petrobras Approves US$1 Billion Resumption of UFN-III Fertilizer Plant in Brazil
Apr 14, 2026
On April 13, 2026, Petrobras said its board approved resuming construction of the long-mothballed Nitrogen Fertilizer Unit (UFN-III) in Três Lagoas, Mato Grosso do Sul, after confirming the project’s economic viability under its 2026...
Petrobras Greenlights SEAP I Investment, Cementing Sergipe Deepwater as New Brazilian Oil and Gas Frontier
Apr 14, 2026
On April 13, 2026, Petrobras’ board approved the final investment decision for the SEAP I module in the Sergipe-Alagoas Basin, completing the investment framework for the Sergipe Deepwater (SEAP) development after SEAP II was cleared in Dece...
Petrobras Announces New Pre-Salt Hydrocarbon Discovery in Brazil’s Campos Basin
Apr 13, 2026
On April 13, 2026, Petrobras reported a new hydrocarbon discovery in the pre-salt layer of the Campos Basin, in exploratory well 1-BRSA-1404DC-RJS in Sector SC-AP4 of block C-M-477, located 201 kilometers off Rio de Janeiro at a water depth of 2,9...
Petrobras Moves to Regain Full Control of Tartaruga Verde and Espadarte Module III
Apr 9, 2026
On April 9, 2026, Petrobras signed contracts with Petronas Petróleo Brasil to acquire the remaining 50% stakes in the Tartaruga Verde field and Module III of the Espadarte field in the Campos Basin, restoring its 100% ownership and operatorsh...
Petrobras Files 2025 Form 20-F With U.S. SEC
Apr 9, 2026
On April 8, 2026, Petrobras announced that it had filed its 2025 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, covering the fiscal year ended December 31, 2025. The filing makes the company’s audited financial ...
Petrobras Overhauls Senior Leadership in Logistics and Energy Transition
Apr 7, 2026
On April 6, 2026, Petrobras’ board approved the early termination, with immediate effect, of Claudio Romeo Schlosser’s term as Chief Logistics, Commercialization and Markets Officer, signaling a swift shake-up in a key commercial and s...
Petrobras Board Elects Marcelo Weick Pogliese as New Chairman
Apr 7, 2026
On April 6, 2026, Petrobras reported that its Board of Directors elected Director Marcelo Weick Pogliese as Chairman of the Board, following a prior material fact disclosed on March 31, 2026. The appointment, made under the company’s bylaws ...
Petrobras Controlling Shareholder Nominates Guilherme Mello to Chair Board
Apr 7, 2026
On April 6, 2026, Petrobras disclosed that the Brazilian federal government, its controlling shareholder, has nominated economist Guilherme Santos Mello to join the company’s Board of Directors, replacing Bruno Moretti. The government has al...
Petrobras Publishes Candidate Details for Board of Directors and Fiscal Council
Apr 2, 2026
On April 2, 2026, Petrobras reported that detailed information and resumes for candidates to its Board of Directors and Fiscal Council have been made available to investors in accordance with Brazilian securities regulations. The company added tha...
Petrobras Finalizes Tupi Reservoir Redetermination with R$ 3 Billion Settlement
Apr 2, 2026
Petrobras, the operator of the Tupi Shared Reservoir in Brazil’s Santos Basin, has slightly increased its participation in the asset from 67.216% to 67.457% following approval of the Fourth Addendum to the Production Individualization Agreem...
Petrobras Chairman Resigns After Appointment as Brazil’s Planning Minister
Apr 1, 2026
On March 31, 2026, Petrobras disclosed that Bruno Moretti resigned with immediate effect as chairman and member of its Board of Directors following his appointment as Brazil’s Minister of Planning and Budget. The sudden change removes a key ...
Petrobras Announces New Pre-Salt Oil Discovery in Campos Basin’s Marlim Sul Field
Mar 26, 2026
On March 26, 2026, Petrobras reported a new discovery of excellent-quality oil in the pre-salt layer of the Campos Basin, identified through exploration well 3-BRSA-1397-RJS in the Marlim Sul Field, 113 kilometers offshore from Campos dos Goytacaz...
Petrobras Discloses 2026 Board and Fiscal Council Slates from State and Minority Investors
Mar 24, 2026
On March 23, 2026, Petrobras reported the slate of nominees put forward by its controlling shareholder and various minority investor groups for seats on the company’s Board of Directors and Fiscal Council, ahead of the 2026 Shareholders̵...
Petrobras Wins 2.2 GW in Brazil’s 2026 Capacity Reserve Auction
Mar 19, 2026
On March 18, 2026 in Rio de Janeiro, Petrobras reported it had secured contracts for eight thermoelectric plants in Brazil’s 2026 Capacity Reserve Auction, totaling 2,235 MW of firm capacity for the National Interconnected System. The contra...
Petrobras Confirms New Offshore Gas Discovery in Colombia’s GUA-OFF-0 Block
Mar 18, 2026
On March 18, 2026, Petrobras announced a new natural gas discovery at the Copoazu-1 exploratory well in deep waters offshore Colombia’s Block GUA-OFF-0, about 36 kilometers from the coast. The well, operated via its Colombian branch PIB-COL ...
Petrobras to Reacquire Full Control of Tartaruga Verde and Espadarte Module III
Mar 17, 2026
On March 16, 2026, Petrobras announced it has exercised its preemptive right to acquire Petronas Petróleo Brasil’s 50% stakes in the Tartaruga Verde field and Module III of the Espadarte field in the Campos Basin, restoring Petrobras to...
Petrobras Discloses Board and Fiscal Council Slates Ahead of 2026 Shareholders’ Meeting
Mar 17, 2026
On March 16, 2026, Petrobras reported that Brazil’s federal government, as controlling shareholder, has nominated eight candidates to its Board of Directors, largely reappointing existing members and proposing Bruno Moretti to remain as chai...
Petrobras Updates Second 2025 Shareholder Payout with Selic Adjustment
Mar 16, 2026
On March 16, 2026, Petrobras announced details for the second installment of shareholder remuneration tied to the 2025 fiscal year, based on the September 30, 2025 balance sheet and shareholder position as of December 22, 2025. The payment, schedu...
Petrobras Sets April 16, 2026 Annual Meeting to Decide Governance, Capital Allocation
Mar 16, 2026
Petrobras has called its Annual General Meeting for April 16, 2026, at 2 p.m. Brasília time, to be held in a partially digital format allowing both in-person attendance in Rio de Janeiro and remote participation via digital platform or distan...
Petrobras Joins Brazil’s New Diesel Economic Subvention Program
Mar 13, 2026
On March 12, 2026, Petrobras’ board approved the company’s adherence to Brazil’s new economic subvention program for the commercialization of road diesel oil, created under Provisional Measure No. 1,340 on the same date. The comp...
Petrobras Highlights R$277.6 Billion Tax and Royalty Contribution in Brazil for 2025
Mar 12, 2026
Petrobras reported that in 2025 it paid R$277.6 billion in taxes and government take in Brazil, a 3% increase over the prior year, alongside US$448.65 million in taxes abroad and the approval of R$47.5 billion in dividends, of which R$45.2 billion...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.