PBR Stock Recent News
PBR LATEST HEADLINES
In the most recent trading session, Petrobras (PBR) closed at $12.70, indicating a -2.83% shift from the previous trading day.
Brazil's Petrobras is closely monitoring geopolitical tensions in the Middle East, which have pushed global oil prices higher in recent weeks, but does not plan to tweak domestic fuel prices for now, two company sources told Reuters on Monday.
GLPEY and PBR clinch three offshore blocks in Brazil's Pelotas Basin amid environmental backlash over ANP's latest auction round.
PBR confirms a $204 million deal with Prosafe for the Safe Notos flotel to enhance offshore safety and maintenance by awarding a four-year contract.
PBR signs key contracts to complete RNEST's Train 2, doubling refining capacity by 2029 and boosting production of low-sulphur fuels.
PBR selects Geospace's OptoSeis technology to enhance the reservoir management system at Mero fields 3 & 4 in Santos Basin.
Brazilian state-run oil firm Petrobras announced on Monday it signed contracts worth approximately 4.9 billion reais ($892.3 million) for the completion of a new refining unit at its RNEST refinery.
Petrobras offers strong profitability and attractive valuation metrics, trading at a significant discount to peers despite robust margins and earnings yield over 12%. Political risk in Brazil, particularly from the current government, is the main reason for Petrobras' low valuation, but upcoming elections could unlock higher valuations. Brazil's economic fundamentals remain solid, with low unemployment and stable GDP growth.
PBR partners with ABB and Seatrium to launch all-electric FPSOs, P-84 and P-85, redefining offshore oil production in Brazil.
PBR issues tenders for geophysical and geotechnical surveys to assess offshore wind feasibility, marking a key step in Brazil's clean energy shift.