Operational Highlights - Petrobras' total production of oil and natural gas reached 2.91 MM boed, a 5% increase compared to 1Q25[9] - Total operated production reached a record level of 4.19 MM boed[9] - Pre-salt layer own production also reached a record of 2.39 MM boed[9] - FPSO Alexandre de Gusmão started production in the Mero Field with a capacity of 180 thousand barrels of oil per day and process 12 million m³ of gas[10] - The company signed new contracts in the free gas market, increasing volumes by 170% in 1H25[21] Financial Highlights - Commercial oil and gas production in Brazil increased by 5% from 1Q25 to 2Q25[29] - Operating cash flow was US$7.5 billion in 2Q25[32] - Net income was US$10.2 billion in 2Q25[32] - Total utilization factor of refining system was 91% in 2Q25 with 68% yield of high value-added oil products[16] - Shareholder remuneration was R$8.7 billion in 2Q25[49]

RT Bloomberg em Português (@BBGEmPortugues)Ouro bate recorde em NY com tarifas dos EUA sobre o metal. Diogo Guillen fala em evento. Petrobras decepciona com balanço e anuncia dividendo menor que o esperado. Se inscreva para receber o conteúdo gratuito da nossa newsletter https://t.co/BTjmgBccQk ...

Brazil’s state-controlled oil producer Petrobras reported weaker-than-expected results and cut its dividend after lower oil prices offset stronger production figures https://t.co/uuSt9U7NeB ...

Group 1 - The analysis of Suncor Energy Inc. and Petrobras was conducted on June 5 and June 3 respectively, indicating a focus on these companies within the energy sector [1] - The core investment style emphasizes providing actionable and clear ideas derived from independent research, suggesting a commitment to transparency and thorough analysis [1] Group 2 - The service has demonstrated the ability to help members outperform the S&P 500 and avoid significant losses during periods of high volatility in both equity and bond markets, highlighting its effectiveness [2] - A trial membership is offered to potential clients, suggesting confidence in the proven methods used by the service [2]

Key Takeaways Petróleo Brasileiro S.A. - Petrobras (PBR) is set to release second-quarter results on Aug. 7. The Zacks Consensus Estimate for earnings is 71 cents per share on revenues of $20.8 billion. Let us delve into the factors that are likely to have influenced the integrated oil and gas firm's performance in the to-be-reported quarter. But it is worth taking a look at PBR's previous-quarter performance first. Highlights of Q1 Earnings & Surprise History In the last reported quarter, the Rio de Janeir ...

Group 1 - Petrobras has a history of challenges including government ownership, political issues, and past scandals, but the company's business performance is currently strong [1] - The company is reporting significant profits and production levels, indicating robust operational performance despite external controversies [1]

Core Viewpoint - Petrobras has been a highly searched stock recently, indicating potential interest and volatility in its performance [1] Earnings Estimate Revisions - For the current quarter, Petrobras is expected to report earnings of $0.71 per share, reflecting a year-over-year increase of +51.1% [5] - The consensus earnings estimate for the current fiscal year is $2.66, indicating a decrease of -10.7% from the previous year, with a recent change of -4.4% [5] - For the next fiscal year, the earnings estimate is $2.48, showing a decline of -6.8% compared to the prior year, with a slight increase of +0.1% over the past month [6] - The Zacks Rank for Petrobras is 3 (Hold), suggesting it may perform in line with the broader market in the near term [7] Projected Revenue Growth - The consensus sales estimate for the current quarter is $20.25 billion, indicating a year-over-year decline of -13.7% [11] - For the current fiscal year, the revenue estimate is $82.16 billion, reflecting a decrease of -10.1%, while the next fiscal year's estimate is $83.47 billion, indicating a slight increase of +1.6% [11] Last Reported Results and Surprise History - Petrobras reported revenues of $21.07 billion in the last quarter, a year-over-year decrease of -11.3%, with an EPS of $0.62 compared to $0.75 a year ago [12] - The reported revenues were below the Zacks Consensus Estimate of $21.64 billion, resulting in a revenue surprise of -2.61%, while the EPS surprise was -32.61% [12] - Over the last four quarters, Petrobras surpassed consensus EPS estimates twice and topped revenue estimates once [13] Valuation - Petrobras is graded A in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [17]

Group 1 - Petrobras (PBR) closed at $12.84, with a daily increase of +2.31%, outperforming the S&P 500's loss of 0.3% [1] - Over the past month, Petrobras shares have appreciated by 0.32%, underperforming the Oils-Energy sector's gain of 3.2% and the S&P 500's gain of 3.64% [1] Group 2 - Analysts expect Petrobras to report earnings of $0.64 per share, reflecting a year-over-year growth of 36.17%, while revenue is projected at $20.25 billion, down 13.73% from the previous year [2] - For the full year, earnings are projected at $2.72 per share and revenue at $81.97 billion, indicating declines of -8.72% and -10.33% respectively from the prior year [3] Group 3 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates Petrobras currently holds a Zacks Rank of 3 (Hold) [5] - Petrobras has a Forward P/E ratio of 4.62, which is a discount compared to its industry's Forward P/E of 11.46 [5] Group 4 - The Oil and Gas - Integrated - International industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 162, placing it in the bottom 35% of over 250 industries [6] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [6]

Market Performance - The US stock market saw significant gains on July 23, with the Dow Jones Industrial Average rising by 507.85 points, or 1.14%, closing at 45010.29 points. The Nasdaq Composite increased by 127.33 points, or 0.61%, closing at 21020.02 points, marking its first close above the 21000-point threshold. The S&P 500 index rose by 49.29 points, or 0.78%, closing at 6358.91 points [1][3][4]. Trade Agreements - President Trump announced a trade agreement between the US and Japan, which has heightened market expectations for further trade agreements before the August 1 tariff deadline. The agreement includes a reduction of the reciprocal tariff rate from 25% to 15% and Japan's commitment to invest $550 billion in the US [2][6][7]. Sector Performance - In the S&P 500, nine out of eleven sectors experienced gains, with the healthcare and industrial sectors leading with increases of 2.03% and 1.75%, respectively. The utilities and consumer staples sectors saw declines of 0.79% and 0.07% [8]. - Major technology stocks mostly rose, with AMD increasing over 3%, and other companies like NVIDIA, Boeing, and TSMC rising over 2%. Financial stocks also saw gains, with Mizuho Financial up over 6% and UBS Group up over 3% [8]. Chinese Stocks - The Nasdaq Golden Dragon China Index rose by 0.75%, with notable increases in stocks such as iQIYI, which rose over 4%, and Tiger Brokers, which increased over 3%. However, some stocks like NIO and Li Auto saw declines of over 1% [9].

Core Insights - Petrobras has initiated drilling of a new well, 9-BUZ-103D-RJS, in the Buzios Field at a water depth of 1,700 meters, showcasing its ambition in the pre-salt frontier [1][9] - The company is a dominant player in Brazil's oil and gas sector, producing most of the country's crude oil and natural gas, and holding nearly all refining capacity [2] - The aggressive development of the Buzios field, projected to reach 2 million barrels per day by 2030, positions Petrobras for significant long-term growth [3] Drilling Operations - The Atlantic Zonda drillship, under a three-year contract with Petrobras, is leading the deepwater drilling campaign and features Managed Pressure Drilling capabilities [4][9] - Recent discoveries, including a new oil accumulation in the Buzios field, validate the area's untapped potential [5] - Petrobras is also increasing drilling activities in the Agua Marinha block and the Aram block of the Santos Basin, indicating a broader focus on the pre-salt zone [6] Strategic Importance - The ongoing drilling campaigns reflect Petrobras' confidence in the pre-salt layer, which continues to yield promising results both technically and commercially [7] - As the company expands its drilling efforts across the Campos and Santos basins, it sets the stage for further discoveries that could enhance Brazil's energy dominance globally [7]