PBR Stock Recent News

The board of Brazilian state-run oil company Petrobras on Thursday approved plans to select a partner to restart operations at its fertilizer plants in northeastern Brazil, according to four sources familiar with the matter.

According to Petrobras, the Arabia I jack-up rig has arrived in Brazil on April 13, 2025, and is on its way to the Guaricema field to commence well decommissioning tasks.

Both Petrobras and Suncor Energy align well with Ray Dalio's investing principles, offering geographical diversification and commodity exposure amidst U.S.-China trade tensions. PBR and SU are less sensitive to the U.S.-China trade conflict (than say US or Chinese companies) and could potentially even benefit from U.S.-China tariff conflicts. Both companies have significantly reduced debt, improved their financial strength, and enhanced their capital allocation flexibility in recent years.

PBR's long-dragged environmental hurdle compels the Brazilian oil regulator to open 172 oil blocks for bidding.

PBR extends its partnership with Noble, securing the Noble Discoverer rig for offshore drilling in Colombia until 2026, supporting deepwater exploration.

One of PBR's brightest spots is its robust production outlook.

PBR explores offshore auction opportunities in India, balancing long-term exploration goals with short-term price volatility and the impact of global trade disruptions.

Brazil's Petrobras is weighing opportunities from an oil block auction set to take place this year in India, said the state-run oil firm's head of exploration and production, Sylvia dos Anjos, on Thursday.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

PBR signs a contract with Constellation for a shallow-water well P&A project offshore Brazil, marking a key milestone in decommissioning efforts.