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The low $50/bbl breakeven and aggressive exports underscore Petrobras's rich FCF generation, robust debt reduction, and doubled dividend payouts. This is on top of the higher capex delivering double digits total production growth, with the next few years bringing forth further expansions. PBR signals no extraordinary dividends, focusing instead on resilient growth capex, a sustainable balance sheet, and variable quarterly dividend payouts.
Brazil's state-run oil company, Petrobras , said on Friday it had submitted an expression of interest for exploration blocks in Ghana and begun negotiations.
Petroleo Brasileiro S.A.- Petrobras NYSE: PBR reported record operating and financial performance for the second quarter of 2026, supported by higher oil production, refinery utilization, exports and Brent crude prices, executives said during the company's webcast with analysts and investors.
Brazil's state-run oil firm Petrobras will "very likely" exceed its forecast for oil production in 2026, CEO Magda Chambriard told analysts during an earnings call on Friday.
Brazil's Petrobras is reassessing a major natural gas infrastructure investment in Brazil amid regulatory uncertainty surrounding a proposed government program that could also impact a project by Norway's Equinor , sources told Reuters.
Brazilian state-run oil firm Petrobras on Tuesday reported total oil, gas and gas liquids production of 3.34 million barrels of oil equivalent per day in the second quarter, up 14.1% from a year earlier.
Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras on its possible return to exploration and production in the country, while the company is also willing to help restructure state energy firm YPFB, Energy Minister Marcelo Blanco said on Thursday.
AI bubble fears keep resurfacing, and depending on who you ask, the story is either just getting started or already cracking at the edges. Doug Casey, founder of International Man and a self-described technophile who has invested across more than 50 years and 155 countries, falls firmly in the second camp.