PBR signs contracts for offshore blocks in Brazil along with Shell and CNOOC, solidifying its diversification plan and boosting energy reserves for the future.
PBR plans to cut 2025 investments to $17 billion amid government pressure to boost CAPEX, focusing on realistic, high-return projects for increased output.
Brazil's Petrobras is set to reduce planned investments for next year, despite requests by the government for the state-run oil firm to increase CAPEX, three sources close to the matter told Reuters.
PBR achieves record refinery utilization at 96.8%, driving exceptional production levels and reinforcing its commitment to operational excellence.
In the most recent trading session, Petrobras (PBR) closed at $14.64, indicating a -1.81% shift from the previous trading day.
Two major gas discoveries off Colombia's coast by PBR could double the country's volume of gas reserves, providing crucial support amid growing demand.
Brazilian state-run oil firm Petrobras said on Monday it produced a record 6.38 billion liters of gasoline in the third quarter, without providing a comparison base for the figure.
PBR is set to redevelop the Tupi oil field, boost production and resolve tax disputes, which are vital for Brazil's energy security and economic growth.
PBR plans to enter South Africa's Deep Western Orange Basin, acquiring a 10% stake in a consortium led by TotalEnergies, enhancing its exploration portfolio.
Colombia's state-run oil company oil Ecopetrol and Brazil's Petrobras on Thursday announced two major gas discoveries executives said would hugely increase reserves and help the Andean country remain
Petrobras (PBR) closed the most recent trading day at $14.95, moving +1.15% from the previous trading session.

Why I'm Upgrading Petrobras Back To Buy

08:02am, Wednesday, 02'nd Oct 2024
I'm upgrading Petrobras back to "Buy" due to higher-than-expected FCF yield and business resilience despite struggling commodities markets. Q2 results show increased net revenues, strong cash flow, an
Petrobras (PBR) stock price has moved sideways in the past few months as traders focused on the ongoing oil and gas volatility. Its American ADRs were trading at $15 on Tuesday, down by over 10% from
24/7 Wall Street Insights American Depositary Receipts (ADR) are official US certificates representing shares in foreign companies that can trade as stocks in the US on American stock exchanges.
PBR believes that collaborating with Staatsolie might result in the adoption of more sustainable oil and gas practices, making its operations more resilient to climate change.
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