PBR Stock Recent News

Brazilian state-run oil firm Petrobras is looking at potential opportunities in Argentina while advancing in projects in Colombia and Africa, the firm's exploration and production head Sylvia dos Anjos said on Tuesday.

Petróleo Brasileiro S.A. - Petrobras, a major Brazilian oil company, is valued at nearly $80 billion and is one of the largest integrated oil companies globally. The company boasts an exciting portfolio of assets that it continues to expand, enhancing its investment appeal. Petrobras's strong financial performance underscores its stability and growth potential in the oil industry.

As of Dec. 31, 2024, PBR has recorded a net debt of $52,240 million. The company ended the year with cash and cash equivalents of $3,271 million.

Brazilian state-run oil firm Petrobras said on Friday its board approved an agreement to settle a U.S. court dispute with EIG Energy Fund XIV, including a $283 million payment by the Brazilian company.

Petrobras (PBR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

PBR begins drilling a new well in the Alto de Cabo Frio block, strengthening its presence in the pre-salt region of the Campos Basin.

Petrobras' 4Q24 results were marked by higher CapEx which negatively impacted dividends and raised concerns about its long-term dividend strategy. A leverage ratio increase and a 25% yearly drop in free cash flow signal financial strain amid rising investments. Political and environmental challenges, plus uncertain catalysts, make Petrobras' future outlook more risky.

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q4 2024 Results Conference Call February 27, 2025 10:00 AM ET Company Participants Fernando Melgarejo - Chief Financial and Investor Relations Officer Magda Chambriard - Chief Executive Officer Clarice Coppetti - Executive Director of Corporate Affairs Claudio Schlosser - Executive Director for Logistics, Sales and Markets Mário Spinelli - Executive Director for Governance and Compliance Mauricio Tolmasquim - Executive Director for Energy Transition and Sustainability Renata Baruzzi - Executive Director for Engineering, Technology and Innovation William France da Silva - Executive Director for Industrial Processes and Products Sylvia dos Anjos - Director for Exploration and Production Eduardo Molinari - Digital Project Manager Conference Call Participants Bruno Montanari - Morgan Stanley Gabriel Barra - Citi Monique Greco - Itaú BBA Eduardo Molinari Good morning, everyone.

Petrobras, the Brazilian state oil corporation, reported a disappointing fourth quarter with a net loss of 17 billion reais ($2.8 billion), compared to a profit of 31 billion reais the previous year.

Shares of Brazil's state-run oil firm Petrobras fell 4% on Sao Paulo's B3 exchange as markets opened on Thursday, after analysts were caught by surprise by capital expenditure spending 15% above the firm's guidance for 2024.