PBR Stock Recent News
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A possible partnership between BP and Petrobras to develop the British firm's oil and gas find in Brazil's pre-salt layer would hinge on carbon dioxide levels in the reservoir, three sources at the Brazilian state-run oil firm told Reuters.
Petrobras (PBR) reached $12.91 at the closing of the latest trading day, reflecting a +1.18% change compared to its last close.
Latest dividend declarations foretell less pressured earnings at Suncor Energy Inc. compared to Petróleo Brasileiro S.A. - Petrobras. Other considerations also support a more favorable outlook for SU. These considerations include PBR's higher payout ratio, lower asset turnover, and also heavier debt burden when compared to SU.
PBR's second-quarter results may reflect stronger oil and gas output, but maintenance losses can weigh on earnings.
PBR is delivering strong profits, rising production, and a 14% dividend yield, all while trading at just 4.7x earnings and near book value. Production growth is driven by highly profitable pre-salt assets and new FPSOs, with downstream expansion and international exploration adding further upside. Aggressive but focused capex is fueling growth, backed by robust operating cash flow, and a healthy balance sheet.
Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Brazilian state-run oil firm Petrobras reported on Tuesday a total oil, gas and gas liquids production of 2.91 million barrels of oil equivalent per day (boed) in the second quarter, up 7.8% from a year earlier.
In the latest trading session, Petrobras (PBR) closed at $12.84, marking a +2.31% move from the previous day.
PBR kicks off drilling in Buzios Field at 1,700m depth, signaling continued momentum in Brazil's promising pre-salt frontier.
Shares of Brazilian fuel distributor Vibra Energia fell on Thursday after Bloomberg News reported that state-run oil firm Petrobras was eyeing a return to fuel retailing and its board would discuss the topic this week.