PUT THE E o # : 6 ! . t 1 I l 평 品牌 9 13 P in 15 N 2017 12:15 字母 te e ta er in 8 47 H PA 588 al rie AllisonGinadaio Petrobras (NYSE:PBR) is the state-owned oil company of Brazil known for its issues with corruption and strong dividend and an investment recommendation we discussed recently. As we'll see throughout this article, the company is a valuable long-term investment despite the volatility that's been seen with it. Petrobras Quarterly Highlights The company hit its planned production of almost 2.8 mill ...

Petrobras (PBR) , a Brazilian oil and gas company, is speeding up its strategy to re-enter the fertilizer market. The company is evaluating a potential investment of around $800 million to complete the UFN-III plant, as reported by Bloomberg. This move comes at a critical time as Brazil's agricultural sector experiences a robust growth, highlighting a lucrative opportunity for PBR to leverage its expertise and resources in this critical sector. Brazil stands as a global agricultural powerhouse, renowned for ...

Petrobras S.A. (PBR) , the Brazilian state-owned energy company, has inked 26 concession contracts in partnership with Shell plc (SHEL) for several blocks in the Pelotas Basin. Per the terms of the agreement, Petrobras will become the operator of these blocks, holding a 70% stake. The remaining 30% stake will be held by Shell. These contracts were awarded by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023. The contracts were made available in a public session conducted by t ...

67 The Fire - - W I P i T 1 1 l F H simonmayer My Thesis Update I initiated overage of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) here on Seeking Alpha about 3 months ago, giving the stock a "Hold" rating as it secmed cheap indeed (both on absolute and comparative basis), but I feared that the firing of the former CEO Jean Paul Prates could significantly incease risks, especially concerning the shareholder retum policies. So far, those risks havert materialized, and the stock is doing quite well actual ...

nattul/iStock via Getty Images We previously covered Petrobras (NYSE:PBR) in May 2024, discussing why we had reiterated our Buy rating despite the volatility observed in its stock prices, the dramatically ousted CEO, and the FQ1'24 dividend payout miss. Thanks to its inherent undervaluation and rich forward dividend yields, we believed that the risk/ reward ratio remained highly attractive despite the moderate volatility. Since then, PBR has already offered a total return of +6.6% (including dividends), out ...

Petrobras (PBR) , a Brazilian integrated oil and gas company, is actively searching for shale gas deals in Argentina, specifically in the prolific Vaca Muerta region, according to Bloomberg. This move aligns with PBR's goal to diversify and enhance its natural gas supplies, which is a key factor in driving Brazil's industrial growth. As part of a larger international expansion plan, this strategy underlines PBR's ambition to restore its oil and gas reserves domestically and abroad while catering to rising e ...

Petrobras (PBR) , a Brazilian oil and gas company, is set to revolutionize its offshore oil and gas production with the implementation of a cutting-edge digital twin prototype. This technology, which was successfully tested on the Cidade de Anchieta and P-57 FPSO platforms, operating in the Jubarte field, located in the pre-salt and post-salt layers offshore Espírito Santo, promises to enhance production efficiency by approximately 1%. Developed in two years by the Brazilian company, Engineering Simulation ...

Petroleo Brasileiro S.A., or Petrobras (PBR) , announced second-quarter earnings per ADS of 47 cents, same as the Zacks Consensus Estimate. The strong performance can be attributed to production gains. However, the company's bottom line fell from the year-ago adjusted profit of 90 cents due to rising pre-salt lifting costs and lower downstream margins. Recurring net income, which strips one-time items, came in at $3,060 million compared with $5,958 million a year earlier. Petrobras' adjusted EBITDA fell to ...

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Q2 2024 Results Conference Call August 9, 2024 10:00 AM ET Company Participants Magda Chambriard - CEO Clarice Coppett - Executive Director of Corporate Affairs Claudio Schlosser - Executive Director for Logistics, Trade and Markets Fernando Melgarejo - Executive Director of Finance and Investor Relations Mário Spinelli - Executive Director for Governance and Compliance Mauricio Tolmasquim - Executive Director for Energy Transition and Sustainability Renata Ba ...

Petrobras S.A. (PBR) , a Brazilian state-owned energy company, has recently confirmed the extent of a natural gas discovery (made in 2022) in the deep waters of Colombia. The Uchuva-2 well, spudded in June 2024, was aimed at confirming the size of the gas discovery that was initially identified with the Uchuva-1 well. The Uchuva-2 well is located 19 miles off the coast of Colombia, at a water depth of 2,638 ft. Petrobras stated that the planned development of the well consists of five phases. The gas bearin ...