| Petrobras Q1: Higher CapEx, Weaker Oil Prices, And Fewer Dividends Ahead |
Petrobras' dividend thesis is under pressure due to rising CapEx, weaker Brent prices, and declining free cash flow. Management's aggressive investment strategy, especially in refining and energy transition, raises concerns about efficiency and future returns. Despite a still-strong dividend yield, its sustainability is doubtful given lower oil prices, higher debt, and less room for extraordinary payouts. |
seekingalpha.com |
2025-05-16 05:18:29 |
Czytaj oryginał (ang.) |
| Brazil oil workers plan strike to protest Petrobras' austerity turn |
Brazil's federation of oil workers, known as FUP, announced on Thursday a two-day warning strike at state-run oil company Petrobras "in protest against the stagnation in negotiations with the company," according to a statement. |
reuters.com |
2025-05-15 15:17:24 |
Czytaj oryginał (ang.) |
| Petrobras: Solid Fundamentals In A Turbulent Political Environment |
Petrobras is executing a $111B plan through 2029, focused on offshore pre-salt expansion, industrial growth, and energy transition, while maintaining strong margins and efficient capital allocation. Despite solid profitability and rising production, Petrobras trades at deep discounts: P/E FWD of 4.24x and EV/EBITDA of 3.01x, over 50% below industry averages. Q1 2025 results show resilience: $6B net income (+25% YoY), $10.7B EBITDA, and 2.77MM boed production, led by new FPSOs and discoveries in Brazil and Colombia. |
seekingalpha.com |
2025-05-15 14:45:55 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras to revise strategic plan due to lower oil prices |
Brazilian state-run oil company Petrobras is set to revise its five-year strategic plan due to lower Brent crude oil prices, Chief Executive Magda Chambriard told analysts during the firm's first-quarter earnings call on Tuesday. |
reuters.com |
2025-05-13 15:33:32 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras posts 49% increase in Q1 net profit |
Brazilian state-run oil firm Petrobras posted on Monday a net profit of 35.2 billion reais ($6.21 billion) for the first quarter, up 48.6% from a year earlier. |
reuters.com |
2025-05-12 22:27:40 |
Czytaj oryginał (ang.) |
| Petrobras announces $2.1 billion in dividends and interest on equity |
Brazilian state-run oil firm Petrobras said on Monday its board of directors approved the payment of 11.72 billion reais ($2.07 billion) in dividends and interest on equity to shareholders, or about 0.91 real per share. |
reuters.com |
2025-05-12 21:40:05 |
Czytaj oryginał (ang.) |
| Brazil's Unigel approves deal with Petrobras on fertilizer plants, sources say |
The board of directors of Brazilian chemical firm Unigel on Friday approved a deal proposed by oil giant Petrobras to settle legal disputes over fertilizer plants in northeastern Brazil, two sources familiar with the matter said. |
reuters.com |
2025-05-09 20:03:38 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras hikes jet fuel prices by 0.3% in May |
Brazilian state-run oil firm Petrobras increased the price of jet fuel sold to distributors by an average 0.3% starting May 1, it said on Friday. |
reuters.com |
2025-05-02 17:06:24 |
Czytaj oryginał (ang.) |
| Petrobras: Gigantic Yield, It's A Buy |
Petrobras offers a massive dividend yield and trades at an undemanding valuation. The company's recent loss was due to one-time accounting items, not poor performance, with strong underlying results and cash generation. Petrobras' dividend payments are irregular but substantial, offering a high yield even if reduced, supported by strong free cash flow. |
seekingalpha.com |
2025-05-02 16:50:18 |
Czytaj oryginał (ang.) |
| Petrobras posts slight drop in first-quarter oil and gas output |
Brazilian state-run oil firm Petrobras reported on Tuesday oil, gas and gas liquids production of 2.77 million barrels of oil equivalent per day (boed) in the first quarter, down 0.2% from a year earlier. |
reuters.com |
2025-04-29 23:06:18 |
Czytaj oryginał (ang.) |
| Petrobras approves tender to restart fertilizer plants in Brazil's northeast, say sources |
The board of Brazilian state-run oil company Petrobras on Thursday approved plans to select a partner to restart operations at its fertilizer plants in northeastern Brazil, according to four sources familiar with the matter. |
reuters.com |
2025-04-18 15:21:05 |
Czytaj oryginał (ang.) |
| Petrobras & Suncor Energy: For International Diversification, Consider Suncor |
Both Petrobras and Suncor Energy align well with Ray Dalio's investing principles, offering geographical diversification and commodity exposure amidst U.S.-China trade tensions. PBR and SU are less sensitive to the U.S.-China trade conflict (than say US or Chinese companies) and could potentially even benefit from U.S.-China tariff conflicts. Both companies have significantly reduced debt, improved their financial strength, and enhanced their capital allocation flexibility in recent years. |
seekingalpha.com |
2025-04-16 16:53:30 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras eyes exploration opportunities in India |
Brazil's Petrobras is weighing opportunities from an oil block auction set to take place this year in India, said the state-run oil firm's head of exploration and production, Sylvia dos Anjos, on Thursday. |
reuters.com |
2025-04-10 15:43:38 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras looks at power auction for batteries as possible opportunity |
Brazil's Petrobras is looking at an auction that will contract energy from batteries for the country's electric sector "as a possibility" for the company to develop business in the area, an executive at the state-run oil firm said on Tuesday. |
reuters.com |
2025-04-01 20:39:17 |
Czytaj oryginał (ang.) |
| Petrobras: My Top Bet For Positive Returns In A Market-Wide Correction (Rating Upgrade) |
PBR stock has been a great stalwart in my portfolio as it has generated a positive return in this challenging corrective environment. Trump tariff threats are tightening forces on global oil markets, which is beneficial for PBR stock. Petrobras' 2025 vision has catalyzed upward revisions in production expectations for the next 4 years, providing a nice volume tailwind at attractive economics. |
seekingalpha.com |
2025-03-31 22:26:03 |
Czytaj oryginał (ang.) |
| Petrobras' Double Digits Dividend Story Remains Compelling Here - Reiterate Buy |
Petrobras' ongoing correction has triggered an even richer forward dividend yields, significantly aided by the stable balance sheet health and still rich free cash flow generation. If anything, we expect the stock to further pullback in the near-term, attributed to the potentially intensified tariff/trade war and uncertain macroeconomic environment. At the same time, readers must note that PBR's FQ4 '24 bottom-line headwinds are mostly attributed to non-recurring expenses and the volatile crude oil spot prices. |
seekingalpha.com |
2025-03-29 12:00:00 |
Czytaj oryginał (ang.) |
| Petrobras: High Dividend Value |
Despite a decline in production and adjusted EBITDA in FY 2024, Petrobras remained highly profitable. Given its dividend and excessive safety margin in terms of valuation, Petrobras remains a compelling investment, despite the share price moving only sideways in the last year. Petrobras is set to benefit from potential OPEC+ supply restrictions in FY 2025, which could set positive impulses for petroleum pricing. |
seekingalpha.com |
2025-03-29 08:17:32 |
Czytaj oryginał (ang.) |
| Deadline of Petrobras deal with vessel adds pressure to Foz do Amazonas request |
Brazilian oil firm Petrobras needs to be granted an environmental license to drill in the sensitive Foz do Amazonas region by the end of April or it will run out of time before the contract with a drilling vessel ends in October, according to a document presented by the government. |
reuters.com |
2025-03-26 18:33:53 |
Czytaj oryginał (ang.) |
| Petrobras to finish analysis of the India's Shapoorji appeal in FPSO bid this week |
Brazil's Petrobras should analyze an appeal filed by India's Shapoorji Pallonji Energy in the tender to charter an offshore oil production vessel this week, the state-run oil firm's head of engineering, technology and innovation, Renata Baruzzi, said on Tuesday. |
reuters.com |
2025-03-25 16:26:58 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras finds hydrocarbons in exploratory well in Campos Basin |
Brazilian state-run oil firm Petrobras said on Monday it found hydrocarbons in a exploratory well in the Norte de Brava bloc, located in the pre-salt layer of the Campos Basin. |
reuters.com |
2025-03-24 21:01:56 |
Czytaj oryginał (ang.) |
| Shares of Brazil's Petrobras dip after surprise capital spending surge |
Shares of Brazil's state-run oil firm Petrobras fell 4% on Sao Paulo's B3 exchange as markets opened on Thursday, after analysts were caught by surprise by capital expenditure spending 15% above the firm's guidance for 2024. |
reuters.com |
2025-02-27 10:50:50 |
Czytaj oryginał (ang.) |
| Petrobras posts fourth quarter net loss of $2.8 billion due to non-recurring events |
Brazil's Petrobras posted a net loss of 17 billion reais ($2.8 billion) in its fourth quarter due to exchange rate variation on debts between the state-run oil firm and its subsidiaries abroad, it said in a filing on Wednesday. |
reuters.com |
2025-02-26 20:23:12 |
Czytaj oryginał (ang.) |
| Petrobras considers canceling FPSO tender after high bid, sources say |
Brazil's state-run oil firm Petrobras is considering canceling a tender to charter a production storage and offloading vessel (FPSO) from India's Shapoorji Pallonji Energy, two sources with knowledge of the matter told Reuters. |
reuters.com |
2025-02-21 12:35:47 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras, Banco do Brasil contract export credit notes for $1.14 billion |
Brazilian state-run oil company Petrobras and lender Banco do Brasil have contracted two export credit notes totaling 6.5 billion reais ($1.14 billion), Petrobras said on Thursday. |
reuters.com |
2025-02-20 19:59:19 |
Czytaj oryginał (ang.) |
| High Rates, High Returns: How Petrobras Thrives Amid Treasury Turmoil |
High Rates, High Returns: How Petrobras Thrives Amid Treasury Turmoil |
seekingalpha.com |
2025-02-20 11:03:31 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras to raise diesel output by 120,000 bpd this year, says director |
Brazilian state-run oil firm Petrobras expects to boost its diesel output by some 120,000 barrels per day (bpd) this year due to the expansion of S-10 diesel production in some of its refineries, the firm's industrial processes head said. |
reuters.com |
2025-02-18 17:05:33 |
Czytaj oryginał (ang.) |
| Petrobras sees vet center key to Equatorial Margin plans ready by March, sources say |
Brazilian oil firm Petrobras expects to ready a veterinary center in the Amazon to care for animals in the event of an oil spill by the end of March, two sources told Reuters on Monday. |
reuters.com |
2025-02-17 18:06:24 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras announces fresh oil discovery in Buzios field |
Brazilian state-run oil firm Petrobras has confirmed the presence of oil in a well at its offshore Buzios field, the firm said on Friday, without giving details on the size of the discovery. |
reuters.com |
2025-02-14 19:34:47 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras Can Withstand Lower Oil Prices Amid Trump's Drill Pledge, CEO Says |
Magda Chambriard, Chief Executive Officer of Brazilian state-controlled oil company Petrobras, says the firm can withstand lower oil prices following US President Donald Trump's vow to boost production for cheaper crude. Petrobras, with established markets in China and India, has a strategic plan that is "resilient" to oil at $65 a barrel, Chambriard said during an interview with Bloomberg's Menaka Doshi in New Delhi. |
youtube.com |
2025-02-12 14:50:29 |
Czytaj oryginał (ang.) |
| Oil Prices: Petrobras Says It Can Cope With Lower Crude Amid Trump Drill Baby Drill Vow |
Magda Chambriard, Chief Executive Officer of Brazilian state-controlled oil company Petroleo Brasileiro SA, says the firm can withstand lower oil prices following US President Donald Trump's vow to boost production for cheaper crude. Petrobras, with established markets in China and India, has a strategic plan that is "resilient" to oil at $65 a barrel, Chambriard said during an interview with Bloomberg's Menaka Doshi in New Delhi. |
youtube.com |
2025-02-12 12:05:20 |
Czytaj oryginał (ang.) |
| India's BPCL to sign optional crude deal with Petrobras for 2025-26 |
India's Bharat Petroleum Corp will sign a contract with Brazil's Petrobras for optional crude imports of 6 million barrels in 2025-26, Chairman G Krishnakumar said on Wednesday at the India Energy Week conference. |
reuters.com |
2025-02-12 01:46:03 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras hikes diesel prices for first time since 2023 |
Brazilian state-run oil company Petrobras said on Friday it will hike the prices of diesel sold to distributors for the first time in more than a year, delivering a widely anticipated fuel price tweak. |
reuters.com |
2025-01-31 13:56:13 |
Czytaj oryginał (ang.) |
| Brazil's Lula says Petrobras free to decide on fuel price tweaks |
Brazilian President Luiz Inacio Lula da Silva said on Thursday that Petrobras is the one responsible for deciding on fuel prices, not him, countering media reports that he had authorized the state-run oil firm to hike diesel prices. |
reuters.com |
2025-01-30 12:06:49 |
Czytaj oryginał (ang.) |
| Petrobras' oil and gas reserves rose to 11.4 billion boe in 2024 |
Brazilian state-run oil firm Petrobras said on Wednesday that its estimated proven reserves of oil, condensate and natural gas rose to 11.4 billion barrels of oil equivalent (boe) last year from 10.9 billion in 2023. |
reuters.com |
2025-01-29 19:49:27 |
Czytaj oryginał (ang.) |
| Petrobras: Undervalued Stock Meets Undervalued Currency |
Petrobras is undervalued, trading at a significant discount to peers, with a target price of $36.38 by year-end 2026, offering 162.3% potential upside. The Brazilian real's current undervaluation presents a unique opportunity, historically leading to profitable returns and limited downside. Petrobras boasts less volatile free cash flow, higher margins, and faster growth than competitors, making it a resilient investment despite political risks. |
seekingalpha.com |
2025-01-29 04:41:04 |
Czytaj oryginał (ang.) |
| Petrobras Stock Is On Sale, Reiterating 'Buy' |
Petrobras' strong financials, disciplined capital allocation, and world-class asset base position it as a standout in the global energy market, despite local headwinds. The stock's forward EV/EBITDA valuation of less than 2.2x indicates significant upside potential, especially as leverage continues to decline. Petrobras' low-cost operations, premium-quality crude oil, and strategic debt reduction enhance its attractiveness, making it a bargain in the O&G market. |
seekingalpha.com |
2025-01-28 19:33:47 |
Czytaj oryginał (ang.) |
| Why Petrobras Could Be The Value Stock Your Portfolio Needs |
Diversification into non-U.S. stocks like Petrobras can hedge against USD weakness, offering high yields and discounted valuations compared to U.S. peers. Petrobras' operational resilience, robust production, and strong cash flows make it attractive despite political risks from Brazilian government majority ownership. Strategic investments in high-return pre-salt projects and disciplined financial management have significantly strengthened Petrobras' balance sheet, reducing debt to its lowest level since 2008. |
seekingalpha.com |
2025-01-22 17:00:08 |
Czytaj oryginał (ang.) |
| Petrobras reports record high refinery output in 2024 |
Brazil's Petrobras saw output from its refineries hit an all-time high in 2024 with record production of gasoline and S-10 diesel, the state-run oil firm said on Friday. |
reuters.com |
2025-01-17 10:13:39 |
Czytaj oryginał (ang.) |
| Petrobras: Expanding Production At Attractive Breakeven Economics |
Petrobras is due to increase upstream production at attractive low-cost economics. The 2025 outlook for oil prices shows little scope for pricing-related upside. So volume growth is likely to be the key fundamental driver for the year ahead. Valuations are at an attractive 27% discount vs. peers from a 1-yr fwd EV/EBITDA perspective. |
seekingalpha.com |
2025-01-03 08:23:48 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras raises jet fuel prices by around 7% in key markets |
Brazilian state-run oil firm Petrobras hiked jet fuel prices for distributors starting on Jan. 1 by around 7% in some key marketing areas, such as Betim, Guarulhos and Duque de Caxias, data on the company's website showed on Thursday. |
reuters.com |
2025-01-02 17:10:03 |
Czytaj oryginał (ang.) |
| Petrobras Stock Is Now Too Undervalued (Rating Upgrade) |
I'm upgrading Petrobras (PBR) (PBR.A) to "Buy" due to its undervaluation amid strong production levels and disciplined financial control despite macro and idiosyncratic risks. Brazil's tight monetary policy and fiscal concerns, along with lower refining margins, have pressured PBR's stock, but its fundamentals remain strong. Petrobras' increasing production, high utilization rates, and healthy balance sheet support its ability to maintain high dividends and execute its $111 billion investment plan. |
seekingalpha.com |
2024-12-22 10:26:24 |
Czytaj oryginał (ang.) |
| Petrobras: Massive Dividends And No Lula Problems |
Petrobras is a highly profitable oil company with attractive growth projects and a very high dividend yield, making it a compelling investment. The company's new 5-year plan includes $111 billion in investments, expected to generate significant free cash flows and maintain high dividend payouts. Political risks from Brazil's President Lula exist but are not dramatic, with no significant negative impact on Petrobras so far. |
seekingalpha.com |
2024-12-12 18:22:11 |
Czytaj oryginał (ang.) |
| Brazil's Lula to swap Petrobras chairman, O Globo reports |
Brazilian President Luiz Inacio Lula da Silva will appoint Petrobras chairman Pietro Mendes to a senior position at oil regulator ANP, local newspaper O Globo reported on Wednesday, citing a document from the presidential chief of staff. |
reuters.com |
2024-12-04 16:25:21 |
Czytaj oryginał (ang.) |
| Brazil prosecutors push Petrobras for more Amazon drilling studies |
Brazilian federal prosecutors asked state-run oil firm Petrobras to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama. |
reuters.com |
2024-12-03 16:09:05 |
Czytaj oryginał (ang.) |
| Petrobras: There's Still Time To Buy This On The Cheap |
Petrobras investors are navigating weakened optimism on the stock, notwithstanding its attractive valuations. PBR's revised capital spending plan suggests the focus remains on its core exploration and production activities. Assumptions of lower Brent crude prices through 2025 and higher CapEx could have increased concerns about future dividend increases. |
seekingalpha.com |
2024-12-02 13:30:43 |
Czytaj oryginał (ang.) |
| Petrobras' 5-Year Plan Could Provide Strong Returns |
Petrobras, with a $93 billion market cap, plans to spend more than its current value on capital expenditures, indicating strong long-term potential. The company's 5-year guidance plan emphasizes substantial investments while ensuring robust shareholder returns, showcasing its commitment to growth and value creation. Despite its undervaluation, Petrobras presents a compelling investment opportunity due to its strategic spending and promising financial outlook. |
seekingalpha.com |
2024-12-01 12:55:16 |
Czytaj oryginał (ang.) |
| Petrobras: A Gift That Keeps On Giving - Rich Yields Remain Attractive |
PBR remains a compelling investment due to its discounted valuations and rich forward dividend yields, outperforming many of its oil/ gas peers. While the moderating Brent oil spot prices and perceived risks tied to the state run status may pose headwinds, the rich dividend yields more than makes up for the risks. If anything, PBR has guided $200B in operating cash flow and substantial shareholder returns through 2029, with it further underscoring its viable dividend investment thesis. |
seekingalpha.com |
2024-11-28 12:00:00 |
Czytaj oryginał (ang.) |
| Petrobras approves $3.4 billion in extra dividends, $111 billion strategic plan |
Brazilian state-run oil firm Petrobras approved on Thursday a payout of 20 billion reais ($3.4 billion) in extraordinary dividends to shareholders, and it lowered the minimum cash level required for its $111 billion strategic plan. |
reuters.com |
2024-11-21 20:50:46 |
Czytaj oryginał (ang.) |
| Brazil's state oil company Petrobras pitches five-year $111 bln business plan |
Brazilian state-run oil firm Petrobras announced on Monday that its management proposed to the company's board a $111 billion business plan for 2025-2029, according to a securities filing. |
reuters.com |
2024-11-18 15:27:17 |
Czytaj oryginał (ang.) |
| Petrobras signs deal to supply natural gas to steel mills in Southern Brazil |
Brazilian state-controlled oil giant Petrobras said on Monday it has signed a deal with steelmaker Gerdau and gas distributor Sulgas to supply natural gas to two steel mills in the southern state of Rio Grande do Sul. |
reuters.com |
2024-11-11 10:04:37 |
Czytaj oryginał (ang.) |
| Petrobras: A High-Yield Investment In A Pricey Market |
Petrobras achieved impressive 3Q 2024 results, with $6.9 billion in FCF and a proposed $3 billion USD dividend, highlighting its financial strength. The company is expanding internationally, reducing domestic risks and leveraging expertise, with new stakes in South Africa and increased FPSO production. Petrobras has improved its debt position, issuing a 10-year $1 billion bond at the lowest rate in a decade, freeing up cash for shareholder returns. |
seekingalpha.com |
2024-11-11 05:50:15 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras sees possibility of extra dividends issuance this year |
Brazilian state-run oil firm Petrobras sees as "technically possible" to issue extraordinary dividends by the end of the year if its strategic plan is approved on schedule this month, its Chief Financial Officer said on Friday. |
reuters.com |
2024-11-08 15:25:21 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras posts 22% increase in third-quarter net profit |
Brazilian state-run oil firm Petrobras reported on Thursday some 22% increase in its third-quarter net profit from a year earlier, to 32.6 billion reais ($5.7 billion). |
reuters.com |
2024-11-07 20:00:50 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras approves $3 billion in dividends |
Brazilian state-run oil firm Petrobras said on Thursday its board approved 17.12 billion reais ($3 billion)in dividends, which represent 1.3282 real per share, according to a securities filing. |
reuters.com |
2024-11-07 19:54:00 |
Czytaj oryginał (ang.) |
| Petrobras' 2025-2029 strategic plan likely to reach $110 bln, sources say |
Brazilian state-run oil firm Petrobras' new strategic plan should include some $110 billion earmarked in investments for the 2025-2029 period, two sources familiar with the matter told Reuters, representing an 8% increase from its previous multi-year forecast. |
reuters.com |
2024-10-30 17:44:34 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras posts 6.5% fall in Q3 total production |
Brazilian oil giant Petrobras reported a 6.5% decrease year-on-year in total production in the third quarter, to 2.69 million barrels of oil equivalent per day (boepd), the state-controlled company said on Monday. |
reuters.com |
2024-10-28 20:08:21 |
Czytaj oryginał (ang.) |
| Baker Hughes to supply pipe systems to Brazil's Petrobras |
Oilfield services company Baker Hughes announced an agreement on Monday to supply Petrobras with 77 kilometers (47.85 miles) of flexible pipe systems for Brazil's pre-salt fields in the Santos Basin. |
reuters.com |
2024-10-28 11:19:39 |
Czytaj oryginał (ang.) |
| Brazil's Petrobras to reduce investments planned for 2025, sources say |
Brazil's Petrobras is set to reduce planned investments for next year, despite requests by the government for the state-run oil firm to increase CAPEX, three sources close to the matter told Reuters. |
reuters.com |
2024-10-14 12:04:14 |
Czytaj oryginał (ang.) |