Petroleo Brasileiro

Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Business. The Exploration and Production segment involves crude oil, natural gas liquids, and natural gas exploration, development, and production. The Refining, Transportation and Marketing segment involves refining, logistics, transportation, trading operations, oil products and crude oil exports and imports, and petrochemical investments. The Gas and Power segment includes transportation and trading of natural and liquefied natural gas, the generation and trading of electric power, and the fertilizer business. The Corporate and Other Business segment comprises the financing activities not attributable to other segments including corporate financial management, and central administrative overhead and actuarial expenses. The company was founded on October 3, 1953 and is headquartered in Rio de Janeiro, Brazil.

Earnings data Q1 2021

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Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Business. The Exploration and Production segment covers the activities of exploration, development, and production of crude oil, natural gas liquid, and natural gas, for the primary purpose of supplying its domestic refineries. The Refining, Transportation, and Marketing segment refers to refining, logistics, transport, and trading of crude oil and oil products activities as well as exports of ethanol. The Gas and Power segment represents the activities of logistic and trading of natural gas and electricity, transportation and trading of liquefied natural gas, generation and electricity by means of thermoelectric power plants, as well as holding interests in transporters and distributors of natural gas. The Corporate and Other Business segment includes corporate items related to corporate financial management, overhead related to central administration, and other expenses; and other businesses such as distribution of oil products abroad (South America) and the production of biodiesel and its co-products. The company was founded on October 3, 1953 and is headquartered in Rio de Janeiro, Brazil.

Petrobras' stock prices have been massively discounted by President-elect Lula's win, down -37.86% from its 52-week high of $16.32. However, Mr. Market has also quietly upgraded PBR's top and bottom line by 3.73% and 9.21% through FY2024, indicating more than decent yields ahead.

Petrobras: Excellent Buy After The Lula Discount

At the end of the third quarter, Petrobras (PBR) had a net debt of $47,483 million, down from $48,132 million a year ago but up from $34,435 million as of Jun 30, 2022.

Petrobras (PBR) Slides Despite Q3 Earnings Beat: Here's Why

Brazil's state oil firm Petrobras said on Thursday it received 10.3 billion reais ($1.9 billion) from Chinese oil and gas major CNOOC , a payment for a 5% stake in a production sharing agreement at the Buzios oil field.

China's CNOOC pays Petrobras $1.9 bln for production sharing deal at Brazil's Buzios field

Brazil's incoming leftist government will not have an interventionist stance on state-run oil giant Petrobras , a member of the transition team for President-elect Luiz Inacio Lula da Silva said on Thursday.

Brazil's Lula won't have interventionist stance on Petrobras, aide says

The valuation is now lower than ever. Is it justified that the valuation is lower than in the middle of the scandal? Lula's most significant change will probably be to make Petrobras invest more in renewable energies.

Petrobras: Cheaper Valued Than During Their Biggest Scandal

Petrobras (PBR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down 27% in 4 Weeks, Here's Why You Should You Buy the Dip in Petrobras (PBR)

PBR has fallen more than 40% from its October highs to its recent lows as investors woke up to the possibility of further dividend cuts. We cautioned investors not to jump on board in our previous article. The market has likely reflected recessionary risks and political risks associated with Brazil's President-elect.

Petrobras: Waiting Patiently Turned Out To Be The Right Move

Petroleo Brasileiro SA ( PBR , Financial), or Petrobras, has been downgraded from buy to sell by UBS Group AG ( UBS , Financial). The Swiss banking giant believes Petrobras' fortunes could be coming to an end amid rising geopolitical risks intertwined with various company-specific risk factors.

UBS Downgrades Petrobras to Sell Amid Incoming Headwinds

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Shares of Petrobras (NYSE: PBR ) are getting hammered on Tuesday, down 13% so far on the day. At the low, PBR stock was down more than 16% in the session.

Why Is Petrobras (PBR) Stock Down Today?

The U.S.-listed shares of Petroleo Brasileiro S/A PBR, -3.34% PETR3, -2.38% sank 3.3% in very active afternoon trading Tuesday, putting them in track for the first sub-$10 close in exactly a year, after UBS swung to bearish on the Brazil-based oil and gas giant, citing concerns over "three transformational points": fuel prices, investments and overhead. Trading volume swelled to 49.1 million shares, making the stock the most actively traded on the New York Stock Exchange (NYSE).

Petrobras stock sinks below $10 on NYSE-leading volume after UBS swings to a sell rating

The transition team for Brazil's President-elect Luiz Inacio Lula da Silva asked the current administration to halt ongoing asset sales by state-run oil giant Petrobras until a new Mines and Energy Minister is appointed, a member of the group said on Tuesday.

Brazil transition team asks Bolsonaro govt to halt Petrobras asset sales

How cheap must Petrobras get to make this stock a buy?

Why Petrobras Stock Dropped This Morning

Brazilian President-elect Luiz Inacio Lula da Silva begins interviews this week with candidates to run oil firm Petrobras, people familiar with the talks said, kicking off what may be a rocky few months for the state-controlled company.

Lula to start job interviews for Petrobras overhaul

Petrobras has been showering its shareholders with dividends. Many investors fear that the Lula win will turn the company upside down.

Petrobras: Let's Talk Political Risk

Politics drives valuation. Current profits seem unsustainable.

Petrobras: Illusion Of Cheapness

Guilherme Estrella, former director of Brazil's state-controlled oil giant Petrobras , filed a lawsuit in court to block the payment of dividends by the company.

Former Petrobras executive asks Brazil court to block dividend payment

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q3 2022 Earnings Conference Call November 4, 2022 11:00 AM ET Company Participants Carla Albano - Investor Relations Rodrigo Araujo - Chief Financial & Investor Relations Officer Claudio Mastella - Chief Trading & Logistics Officer Fernando Borges - Chief Exploration & Production Officer Joao Henrique Rittershaussen - Chief Production Development Officer Rafael Chaves - Chief Institutional Relations & Sustainability Officer Rodrigo Costa - Chief Refining & Natural Gas Officer Salvador Dahan - Chief Governance & Compliance Officer Conference Call Participants Carla Albano Hi, good afternoon, everyone.

Petróleo Brasileiro S.A. - Petrobras (PBR) Q3 2022 Earnings Call Transcript

Brazil's state-run oil firm Petrobras on Thursday posted a stronger than expected 48% surge in third-quarter profit, the latest in a string of stellar quarters under market-friendly managers whose days may be numbered.

Brazil's Petrobras beats profit expectations as uncertainty looms

Brazil's state-run oil company Petrobras will distribute dividends of around 43.68 billion reais ($8.5 billion), the firm said on Thursday, amid controversy over its massive payouts.

Brazil's Petrobras to pay out $8.5 billion dividend amid squabble

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Ready for some international news? Today, Brazil stocks are trading on heavier-than-usual volume in the U.S. as investors consider the aftermath of a super-tight election.

Why Are Brazil Stocks PBR, VALE, EWZ in the Spotlight Today?

Shares of Petrobras (NYSE: PBR ), the Brazilian state oil company, fell after President Jair Bolsonaro lost his reelection battle to predecessor Luiz Inácio Lula da Silva, who is known as Lula. PBR stock dropped as much as 8% overnight on the news.

Petrobras (PBR) Stock Falls 8% on Lula Victory in Brazil

Brazil stocks fell broadly after Luiz Inácio Lula da Silva won Sunday's runoff presidential election. State-owned Petrobras stock shed 7% Monday morning.

Brazil Stocks: Oil Giant Petrobras Responds To Lula Win Over Bolsonaro

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Brazil's newly elected president, Luiz Inácio Lula da Silva will have to walk a narrow path of expenditures given the budget constraints.

Brazil: Setting The Stage For A Brighter Future?

German-listed shares in Brazil's state-run oil company Petrobras slipped more than 7% in early European trade after leftist leader Luiz Inacio Lula da President Jair Bolsonaro in a runoff election.

News for Petroleo Brasileiro Stock (PBR)