PBR Stock Recent News

APA, PBR and PR stand out in a volatile oil market, backed by strong dividends and robust cash flow strategies.

Petrobras aims to make Africa its main region of development outside Brazil, the state-run oil firm's CEO said on Thursday, adding that Ivory Coast has extended the "red carpet" for them to explore in deep and ultra-deep waters off its coast.

Strong production growth, robust free cash flow, and double-digit dividend yields highlight Petrobras' operational and financial strength. Aggressive reinvestment in FPSOs and low-cost production support future growth, while manageable debt levels enable continued shareholder returns. Key risks include volatile oil prices and ongoing governance concerns due to Brazilian government influence, but overall value remains attractive.

PBR announces it will cut gasoline prices by 0.17 reais to 2.85 reais/liter, effective Tuesday, following rising demand and a shift in pricing policy.

Brazilian state-run oil firm Petrobras said it will reduce gasoline prices to distributors from Tuesday, marking the first price cut for the fuel since October 2023.

PBR signs a EUR 250 million deal with Mota-Engil to deliver advanced offshore construction and maintenance services across key platforms in Brazil's pre-salt Santos Basin.

PBR starts up a new diesel hydrotreatment unit at REPLAN, increasing clean fuel output and advancing sustainability goals ahead of schedule.

Brazil's state-run oil firm Petrobras will commission 52 vessels by 2026, investing 29 billion reais ($5.12 billion), said Chief Executive Magda Chambriard during an event on Thursday alongside President Luiz Inacio Lula da Silva.

PBR begins oil and gas production at Mero-4 via FPSO Alexandre de Gusmao over two months ahead of schedule in Brazil's Santos basin.

Petrobras signs MoU with Sonangol to boost oil and gas R&D, expanding its strategic footprint in Angola amid deepening Brazil-Angola energy ties.