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PBR awards Halliburton and SLB $328 million in well services contracts to boost output at Brazil's massive Buzios pre-salt field.
PBR hits a production record at its Buzios oil field, surpassing 900,000 barrels per day as new wells and platforms drive output growth.
Petrobras (PBR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Bruno Moretti is the leading candidate to become chairman of Brazil's state-run oil company Petrobras after Pietro Mendes resigned from the role, a source familiar with the matter told Reuters on Friday.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
CIB, PBR and APAM made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 21, 2025.
PBR warns that Brazil's revised oil price benchmark may impact post-salt and onshore projects despite boosting government revenues.
PBR shifts ethanol strategy toward corn, eyeing partnerships to tap Brazil's growing northern output.
State-run oil firm Petrobras is worried about an upcoming change in Brazil's reference oil price that determines some taxes and royalties drillers pay, as it could weaken the economic viability of projects in offshore post-salt fields and in its onshore business, CEO Magda Chambriard said on Monday.
Brazil's Petrobras cannot afford to miss out on the opportunity to sell liquefied petroleum gas (LPG), or cooking gas, as it is a high-margin business, CEO Magda Chambriard said on Monday.