Petrobras Brasileiro (NYSE:PBR) Bolsa

Petrobras Brasileiro

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.

Petroleo Brasileiro S.A.- Petrobras Common Stock

Petroleo Brasileiro SA Petrobras

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares

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Shares of several oil companies are trading higher following a drone attack on a Russian pipeline which could reduce supply.

News

Brazil's Petrobras Director Franca Says Expects To Raise Its S-10 Diesel Production By 120,000 Barrels Per Day This Year

Petrobras To Raise Jet Fuel By 8% As Of Feb 1

Contracts

Halliburton Wins Offshore Drilling Contracts With Petrobras; Co To Provide iCruise System And EarthStar

The International Energy Agency has revised its <a target="_blank" href="https://www.benzinga.com/topic/oil" rel="noreferrer noopener">global oil demand</a> outlook slightly for 2025, projecting growth of 1.05 million barrels per day, down from <a target="_blank" href="https://www.iea.org/reports/oil-market-report-december-2024" rel="noreferrer noopener">the previously estimated</a> 1.1 million barrels daily.
The new forecast anticipates global demand will average 104 million barrels daily, reflecting a combination of improving economic conditions and <a target="_blank" href="https://www.iea.org/reports/oil-market-report-january-2025" rel="noreferrer noopener">lower fuel prices</a>.
In the fourth quarter of 2024, oil demand rebounded strongly, increasing by 1.5 million barrels daily—the highest growth since late 2023.
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The IEA attributed this surge to reduced fuel prices, colder weather in northern regions, and heightened petrochemical activity in the U.S. However, while 2025 demand growth will likely surpass 2024, it will fall short of the over 2 million barrels per day increase seen in 2023.
OPEC projects a higher demand growth of <a target="_blank" href="https://momr.opec.org/pdf-download/" rel="noreferrer noopener">1.45 million barrels daily</a>.
<a target="_blank" href="https://www.benzinga.com/markets/commodities/24/11/41899890/opec-cuts-2024-oil-demand-forecast-for-fourth-straight-month-amid-chinas-economic-slowdown" rel="noreferrer noopener">Disappointing data from</a> major Asian markets, including China, India, and African countries, prompted OPEC to revise its oil demand growth forecasts for 2024 several times.
Still, OPEC&#8217;s estimates looked more optimistic than those of Wall Street banks and Saudi Aramco.
China saw a significant uptick in oil demand in November, driven by rising gasoil consumption and falling diesel prices, which hit their lowest in nearly three years.
The IEA highlighted that signs of stabilization in China&#8217;s property market could support further recovery in oil demand. Projections suggest China will add 220,000 barrels per day to its oil consumption in 2025, compared to a 180,000-barrel daily increase in 2024, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/business/energy-oil/iea-trims-oil-demand-outlook-but-still-expects-stronger-growth-this-year-a972c71b?mod=business_lead_pos4" rel="noreferrer noopener">reports</a>.
Recent U.S. sanctions targeting Russia&#8217;s energy sector and shipping networks and measures aimed at Iran&#8217;s shadow fleet could disrupt global oil supplies. These actions may compel major buyers like China and India to seek alternative sources.
Meanwhile, Brent crude prices hover around $80 per barrel, and U.S. West Texas Intermediate trades near $77 per barrel, reflecting market concerns over tightened supply, the WSJ reports.
Despite geopolitical pressures, global oil supply rose modestly in December 2024, supported by increased production in Nigeria and Libya. For 2025, the IEA forecasts supply growth of 1.8 million barrels daily, led by non-OPEC+ countries such as the U.S., Brazil, and Canada. However, the agency cautioned that sanctions or weather-related disruptions could rapidly draw down existing oil stocks.
Notable oil stocks include Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Shell Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>), TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>), Petroleo Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) and BP Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>).
Investors can gain exposure to the crude oil market through the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) and ProShares Ultra Bloomberg Crude Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UCO#NYSE">UCO</a>).
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Photo by William Potter on Shutterstock

Guidance

Commodities

Trading Ideas

SHEL

OPEC's Optimism Clashes With IEA's Conservative 2025 Oil Growth Projections

EQNR

Shares of oil-related companies are trading higher amid new U.S. sanctions towards Russia's energy supply chain.

CGBS

STNG

VIST

Shares of oil and gas companies are trading higher after President-elect Donald Trump said that he will reverse President Biden's ban on offshore drilling. Also, natural gas rose on cold weather forecasts.

ABEV

AZUL

BBDO

BSBR

Embraer-Empresa Brasileira De Aeronautica

ITUB

Companhia De Saneamento Basico Do Estado De Sao

VALE

Shares of Brazilian companies are trading lower. A new government fiscal spending package and last week's central bank rate hike could be eroding global investor confidence and raising concerns over the nation's deficit.

MELI

Shares of Brazilian stocks are trading lower amid a rise in borrowing costs and a depreciation of the Brazilian Real.

Schlumberger N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Wednesday</a>.
Today, the company announced a significant new contract with Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>).
The $800 million deal will see Schlumberger provide integrated services across all offshore fields operated by the Brazilian oil giant, marking a significant expansion in their long-standing partnership.
The contract, awarded after a competitive tender, will see Schlumberger oversee the construction of over 100 deepwater wells, utilizing cutting-edge technologies in drilling, cementing, and drilling fluids.
These services will be provided across the Campos, Santos, and Espírito Santo Basins, along with other Petrobras-operated fields.
The contract also includes operations in the Equatorial Margin, contingent upon the approval of exploration licenses, with the three-year contract set to begin in April 2025.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/12/42436387/macys-lowers-annual-profit-forecast-amid-accounting-misstep-stock-tumbles" rel="noreferrer noopener">Macy&#8217;s Lowers Annual Profit Forecast Amid Accounting Misstep, Stock Tumbles</a>
Schlumberger&#8217;s commitment to local content is evident, with much of the technology and equipment to be deployed sourced from within Brazil.
The company has maintained a strong relationship with Petrobras for decades, and this contract further strengthens that partnership while introducing new technologies aimed at improving operational efficiency and environmental sustainability.
Technologies to be used under the contract include Schlumberger&#8217;s Ora intelligent wireline formation testing platform and SpectraSphere fluid mapping-while-drilling service.
These innovations are designed to optimize productivity, minimize risks, and reduce emissions, making Petrobras&#8217; offshore operations safer and more efficient.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, SLB stock has lost over 16% in the past year. Investors can gain exposure to the stock via iShares U.S. Oil Equipment &amp; Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEZ#NYSE">IEZ</a>).
Price Action: SLB shares are trading higher by 0.49% to $41.07 at last check Wednesday.
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Image via Shutterstock.

Equities

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General

iShares Dow Jones US Oil Equipment & Services Index Fund

Schlumberger Lands Petrobras Contract To Build 100+ Wells: Details

SLB Secures $800M Contract From Petrobras For Integrated Services Covering Over 100 Wells Across Nine Ultra-Deepwater Rigs In Brazil; Advanced Technologies To Enhance Safety, Efficiency, And Emissions Reduction In Offshore Operations

Petrobras Says It Signed Agreement With European Energy As Part Of Talks Aiming To Build E-Methanol Plant In Brazil

Petrobras Brasileiro Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) shares are trading higher Friday, following approval of $3.4 billion in extraordinary dividends by its board. Here&#8217;s <a href="https://www.benzinga.com/quote/PBR/news">what you need to know.</a>
What To Know: Petrobras stated that approximately 15.6 billion reals (approximately $2,685,997,080) of the payout would come from a capital reserve. The reserve had been holding cash investors expected to receive earlier as extraordinary dividends for the 2023 period.
Earlier in the week, Petrobras <a href="https://www.benzinga.com/24/11/42137060/petrobras-boosts-five-year-investment-to-111b-aims-for-32m-boed-production">announced its strategic plan</a> for 2025-2029, outlining $111 billion in investments, including $77 billion for exploration and production and $20 billion for refining, transportation and sales. The plan also emphasizes a focus on sustainable practices, such as reducing the carbon footprint of its operations and prioritizing pre-salt asset development.
The company expects total production of 3.2 million barrels of oil and gas equivalent per day during the period and plans to distribute $45 billion to $55 billion in ordinary dividends, with an additional $10 billion reserved for extraordinary dividends or projects.
PBR Price Action: Petrobas Brasileiro shares were up 5.19% at $14.89 at the time of publication on Friday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="552" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22152312/PBR-1024x552.png" alt="" class="wp-image-661697" style="width:544px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22152312/PBR-1024x552.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22152312/PBR-300x162.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22152312/PBR-768x414.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22152312/PBR.png 1129w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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</ul>
Photo: Shutterstock.

Dividends

Global

Petrobras Shares Are On The Rise Today: What's Going On?

Petrobras shares are trading higher after its board approved $3.4B in extraordinary dividends

Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) shares are trading higher premarket on Friday. The Brazilian oil and gas giant disclosed the <a target="_blank" href="https://api.mziq.com/mzfilemanager/v2/d/25fdf098-34f5-4608-b7fa-17d60b2de47d/92a7dad6-56cd-b1b1-7b48-35369e474c39?origin=2" rel="noreferrer noopener">Business </a>Plan 2025-2029.
During this period, Petrobras plans to focus on replenishing reserves, boosting production with a reduced carbon footprint, and expanding its portfolio with more sustainable, high-quality products in the oil &amp; gas market.
Petrobras plans to invest $111 billion over five years, including $98 billion for projects already in progress and $13 billion for less mature projects still requiring further financial review. This investment is 9% higher than the previous plan for 2024-2028.
For Exploration and Production (E&amp;P), Petrobras plans to invest $77.3 billion over the next five years, a 5% increase from its previous plan.
Approximately 60% of the Exploration and Production (E&amp;P) segment&#8217;s budget will focus on pre-salt assets, emphasizing high-quality oil production with lower costs and greenhouse gas emissions.
Concurrently, the company is advancing revitalization projects in mature fields, particularly in the Campos Basin, to enhance recovery rates.
Petrobras aims to achieve total production of 3.2 million barrels of oil and gas equivalent per day (boed), including 2.5 million barrels of oil per day (bpd).
Also, the company has increased exploration investments to $7.9 billion in E&amp;P over the next five years, a 5% increase from the previous plan.
Overall, Petrobras revised its gross debt limit to $75 billion. This adjustment considers robust leverage metrics, even with low Brent prices, while accommodating the growing impact of leases on gross debt.
The company anticipates strong free cash flow with projected ordinary dividends of $45 billion-$55 billion and<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> flexibility for extraordinary payouts</a>.
Investors can gain exposure to the stock via&nbsp;Global X Funds Global X Brazil Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRAZ#NYSE">BRAZ</a>) and&nbsp;Shares Latin America 40 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ILF#NYSE">ILF</a>).
Price Action: PBR shares are up 2.54% at $14.51 premarket at the last check Friday.
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Large Cap

BRAZ

iShares Trust S&P Latin America 40 Index Fund

Petrobras Powers Ahead: $111 Billion Investment Plan Targets Green Growth And Big Dividends

Reported November 21: Brazil's Petrobras Approves $111B Strategic Plan For 2025-2029, Including $77B For E&P And $20B For Refining, Transport, And Sales Investments; Strategic Plan Projects 3.2M BOED Production, $45B-$55B In Ordinary Dividends, Up To $10B For Extraordinary Dividends Or Projects, Revises Debt Cap To $75B, And Sets Minimum Cash Level At $6B

Shares of energy and oil stocks are trading higher amid a rise in the price of oil, which gained on Russia-Ukraine tensions and a Norway oilfield shutdown.

Petróleo Brasileiro S.A. - Petrobras, in relation to the news published in the media on Monday (11/18/2024), informs that the proposal for the 2025-2029 Business Plan was deliberated by its Executive Board on 11/14/2024, but will still be considered by the Board of Directors (BoD), the competent board to approve the subject, at a meeting scheduled for 11/21/2024.
The proposal for the 2025-2029 Business Plan, which will be examined by the Board of Directors, provides for the company's next five-year cycle:
- Total investments of US$ 111 billion.
- Investments of around US$ 77 billion in the Exploration &amp; Production segment, of which US$ 7.9 billion in Exploration.
- Projected total production of 3.2 million barrels of oil and gas equivalent per day (boed).
- Investments of around US$ 20 billion in the Refining, Transportation, Marketing, Petrochemicals and Fertilizers (RTC) segment.
- Projection of ordinary dividends with a range starting at US$ 45 billion and flexibility for extraordinary payments of up to US$ 10 billion over the period of the Plan.
Additional information reported in the article is inaccurate or incorrect.
Petrobras reinforces that the proposal for the 2050 Strategic Plan and the 2025-2029 Business Plan will be submitted for approval by the Board of Directors and once approved, communicated to the market in due course.

Petróleo Brasileiro S.A. Corrects Inaccurate Published News Reported Earlier Today, Clarifies 2025-2029 Business Plan With $111B In Investments, Including $77B For Exploration & Production ($7.9B For Exploration), $20B For Refining And Petrochemicals, Projected Output Of 3.2M Boed, And Dividends Starting At $45B With Up To $10B In Extraordinary Payments Over The Period

Petroleo Brasileiro S.A. Shares Resume Trade

Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on July 9, 2024, informs that it has signed two agreements with Yara and Araucária Nitrogenados S.A. (ANSA), a wholly-owned subsidiary of the company, in a next step towards structuring a potential partnership within fertilizers and industrial products.
The first agreement includes the commercialization by Yara of Automotive Liquid Reducing Agent (ARLA 32) produced at ANSA, which will be made using urea supplied by Yara as a raw material. This agreement will allow the resumption of domestic production of the product, which is currently imported. The industrialization process will be carried out in parallel with the activities to fully resume operations at the Araucária plant.
The second is a technical cooperation agreement for the development of joint studies of fertilizers and industrial products, as well as energy transition efforts linked to decarbonization projects and the production of renewable and low-carbon fertilizers. This scientific, technological and operational cooperation aims to achieve greater production efficiency and increase the supply of these products on the market.

Earlier Reported, Petróleo Brasileiro S.A. Has Signed 2 Agreements With Yara And Araucária Nitrogenados S.A., Towards Structuring A Potential Partnership Within Fertilizers And Industrial Products

Small Cap

Opinion

Press Releases

How Europe Can Win the Energy War With Russia

SLB Awarded Three Completion Contracts for Petrobras' Buzios Field

SLB OneSubsea awarded major contract by Petrobras for two ultra-deepwater projects offshore Brazil

PETROBRAS ANNOUNCES OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND COMMENCEMENT OF CASH TENDER OFFERS

PETROBRAS ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF CASH TENDER OFFERS

Offerings

PETROBRAS ANNOUNCES CLOSING OF OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND FINAL RESULTS AND SETTLEMENT OF CASH TENDER OFFERS

SLB Awarded Integrated Services Contract for All Petrobras' Offshore Fields in Brazil

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Ecopetrol S.A. American Depositary Shares

Ecopetrol

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Occidental Petroleum Corporation Common Stock

Occidental Petroleum

Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares)

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