Petrobras S.A. (PBR) , the Brazilian state-owned energy company, has inked 26 concession contracts in partnership with Shell plc (SHEL) for several blocks in the Pelotas Basin. Per the terms of the agreement, Petrobras will become the operator of these blocks, holding a 70% stake. The remaining 30% stake will be held by Shell. These contracts were awarded by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023. The contracts were made available in a public session conducted by t ...

67 The Fire - - W I P i T 1 1 l F H simonmayer My Thesis Update I initiated overage of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) here on Seeking Alpha about 3 months ago, giving the stock a "Hold" rating as it secmed cheap indeed (both on absolute and comparative basis), but I feared that the firing of the former CEO Jean Paul Prates could significantly incease risks, especially concerning the shareholder retum policies. So far, those risks havert materialized, and the stock is doing quite well actual ...

文章核心观点 - 公司股价在年初表现低于同行,主要原因包括其国有属性、巴西政治环境的不确定性以及过去几年频繁的高管变动[3] - 公司二季度财务表现有所下滑,收入、调整后净利润和自由现金流同比和环比均有所下降[3] - 公司已调整季度股息政策,将股息和股票回购规模控制在自由现金流的45%以内,而此前为60%[3] - 公司二季度仍维持较低的总债务水平,为590亿美元,使其能够继续派发约25亿美元的股东回报[3] - 公司生产水平和油价水平相对稳定,但下半年可能受到油价下跌和资本支出增加的影响[3] 根据目录分别总结 公司中期油气前景 - 公司单位油气生产成本较低,即使油价进一步回落至65美元/桶左右的水平,其利润空间仍较好[3] - 公司未来几年产量有望保持5.66%的复合年增长率,有助于抵消油价下跌的影响[3] 公司长期可再生能源前景 - 公司正在增加低碳和生物炼化方面的资本支出,占总资本支出的11%[4] - 虽然短期内这些投资难以对公司业绩产生贡献,但有助于公司长期的脱碳转型[4] 公司股票评级 - 公司当前估值较低,市盈率仅6.47倍,远低于同行[5] - 公司股息率高达15.5%,远高于同行主要公司[5] - 综合考虑公司的估值优势和丰厚的股息收益,维持买入评级[6]

Petrobras (PBR) , a Brazilian integrated oil and gas company, is actively searching for shale gas deals in Argentina, specifically in the prolific Vaca Muerta region, according to Bloomberg. This move aligns with PBR's goal to diversify and enhance its natural gas supplies, which is a key factor in driving Brazil's industrial growth. As part of a larger international expansion plan, this strategy underlines PBR's ambition to restore its oil and gas reserves domestically and abroad while catering to rising e ...

Petrobras (PBR) , a Brazilian oil and gas company, is set to revolutionize its offshore oil and gas production with the implementation of a cutting-edge digital twin prototype. This technology, which was successfully tested on the Cidade de Anchieta and P-57 FPSO platforms, operating in the Jubarte field, located in the pre-salt and post-salt layers offshore Espírito Santo, promises to enhance production efficiency by approximately 1%. Developed in two years by the Brazilian company, Engineering Simulation ...

Petroleo Brasileiro S.A., or Petrobras (PBR) , announced second-quarter earnings per ADS of 47 cents, same as the Zacks Consensus Estimate. The strong performance can be attributed to production gains. However, the company's bottom line fell from the year-ago adjusted profit of 90 cents due to rising pre-salt lifting costs and lower downstream margins. Recurring net income, which strips one-time items, came in at $3,060 million compared with $5,958 million a year earlier. Petrobras' adjusted EBITDA fell to ...

财务数据和关键指标变化 - 公司在第二季度实现了稳健的业绩,实现了强劲的现金流 [19][24][28] - 公司的净收入为54亿美元,EBITDA为120亿美元,经营现金流约100亿美元,与上一季度持平 [24][27] - 公司的财务债务达到了自2008年第三季度以来的最低水平,为260亿美元,较上一季度减少25亿美元 [31] - 公司的毛债务降至596亿美元,现金头寸强劲,达到130亿美元 [31] - 公司的股东回报率高于行业平均水平,但企业价值/EBITDA仍有提升空间 [35] 各条业务线数据和关键指标变化 - 公司的石油和天然气产量同比增长2.4%,其中前盐层产量占总产量的81% [19] - 公司的炼油厂利用率超过90%,副产品销售量创新高,柴油、汽油和航空煤油产量占总产量的70% [22] - 公司正在建设ROTA 3管道项目,将增加210万立方米的天然气处理能力,有助于减少天然气进口 [23] 各个市场数据和关键指标变化 - 公司面临柴油价差从30美元/桶下降到20美元/桶的挑战 [28] - 公司正在采取措施应对第三季度柴油需求的季节性增加,包括调整检修计划和积极管理库存 [48][51] 公司战略和发展方向及行业竞争 - 公司的首要任务是确保自身的持续性和对巴西的重要性,这需要通过高效和盈利的增长来实现 [9] - 公司将继续在巴西境内外探索新的油气资源,包括赤道边缘盆地和佩洛塔斯盆地,以及南美和非洲大西洋盆地 [11][12] - 公司将投资于上游业务和多元化的可再生能源,这两个要素对确保公司未来的增长和盈利能力至关重要 [15] - 公司将保持资本纪律和控制负债,在投资增长和股东分红之间保持平衡 [15] - 公司正在与[indiscernible]集团就RLAM炼厂的潜在合作进行谈判,看到一些协同效应 [163][165] 管理层对经营环境和未来前景的评论 - 公司CEO表示第二季度业绩稳健,符合预期,非经常性事项为公司和政府带来了重大利益 [6][7] - 公司CEO强调公司需要保持敏捷性、安全性和可持续性,以确保公司的长期发展 [9][10] - 公司CEO认为,在替代油气储备的同时,公司还需要寻求更多的清洁能源来实现净零排放目标 [9] - 公司CFO表示,公司的现金流和EBITDA保持稳定,但受到汇率波动和税务协议的影响 [26][27] - 公司管理层对天然气市场前景持乐观态度,正采取措施提高竞争力,如推出新的优惠产品 [149][150][153] 其他重要信息 - 公司董事会批准了第二季度每股1.05雷亚尔的股息和股票回购,总计143亿雷亚尔 [32] - 公司将在2024年底前投资135亿美元至145亿美元,较2023年增加7%至15% [30] - 公司正在加强与监管机构Ibama的合作,努力解决许可审批延迟的问题 [168][169][173] - 公司正在优化内部流程和部门协同,以提高执行速度和效率 [124][125] 问答环节重要的提问和回答 问题1 **Bruno Montanari 提问** 关于公司的股东回报政策,公司是否会考虑支付额外股息,何时做出这样的决定[37][38] **Fernando Melgarejo 回答** 公司将根据未来现金流情况和战略计划来决定是否支付额外股息,不会仅依赖于会计储备 [41][42][43][44] 问题2 **Caio Ribeiro 提问** 公司在可再生能源领域的并购计划和时间进度如何,是否考虑对投资决策流程进行调整[115][116] **Mauricio Tolmasquim 和 Fernando Melgarejo 回答** 公司正在与多家大型可再生能源企业洽谈合作,目标是在5年内达到5GW装机容量 [118][119][123][124] 公司无需对投资决策流程进行重大调整,将继续保持良好的公司治理 [123] 问题3 **Lilyanna Yang 提问** 公司在发展国内供应链和本地供应商方面的计划和挑战是什么,未来在下游和能源转型领域的投资机会是什么[128][129][130] **Renata Baruzzi, William da Silva 和 Fernando Melgarejo 回答** 公司正努力发展本地供应商,并采取不同的采购策略,但受到全球供应链挑战的影响[132][133][134][135][136][141][142] 公司将继续专注于上游业务,同时寻求在天然气、化肥和石化领域的投资机会,支持能源转型 [142]

Petrobras S.A. (PBR) , a Brazilian state-owned energy company, has recently confirmed the extent of a natural gas discovery (made in 2022) in the deep waters of Colombia. The Uchuva-2 well, spudded in June 2024, was aimed at confirming the size of the gas discovery that was initially identified with the Uchuva-1 well. The Uchuva-2 well is located 19 miles off the coast of Colombia, at a water depth of 2,638 ft. Petrobras stated that the planned development of the well consists of five phases. The gas bearin ...

Petroleo Brasileiro S.A., or Petrobras (PBR) is set to release second-quarter 2024 results on Aug 8. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 55 cents per share on revenues of $24.2 billion. Let's delve into the factors that might have influenced Brazil's state-run energy giant's results in the June quarter. But it's worth taking a look at PBR's previous-quarter performance first. Highlights of Q1 Earnings & Surprise History In the last reported quarter, the Rio de ...

In the latest trading session, Petrobras (PBR) closed at $14.06, marking a -0.85% move from the previous day. This move lagged the S&P 500's daily loss of 0.5%. Meanwhile, the Dow experienced a rise of 0.5%, and the technology-dominated Nasdaq saw a decrease of 1.28%.Heading into today, shares of the oil and gas company had lost 2.21% over the past month, outpacing the Oils-Energy sector's loss of 10.92% and lagging the S&P 500's gain of 0.1% in that time.The investment community will be closely monitoring ...