Petrobras (PBR) , Brazil's largest oil and gas company, has awarded a contract to Singaporean state-owned Seatrium, a leading offshore and marine specialist through an international tender. The deal, valued at approximately $11 billion, tasks Seatrium with constructing two new floating production storage and offloading (FPSO) vessels for deployment in Brazil's Santos Basin.Cutting-Edge FPSOs for Atapu and Sepia FieldsThe P-84 and P-85 FPSO platforms are scheduled to be installed in the Atapu and Sepia field ...

Petrobras (PBR) , a Brazil-based oil and gas company, has shifted its strategic direction by halting the sale of its refineries, a move coordinated with the country's antitrust regulator. This decision reverses a plan announced five years ago to sell a total of eight refineries, of which three had already been sold. The change comes amid increasing governmental pressure to expand operations, create jobs and stimulate the Brazilian economy.The Initial Plan: Divestment of RefineriesBackground of the Divestmen ...

In a dramatic shakeup, the Brazilian government ousted Petroleo Brasileiro S.A., or Petrobras (PBR) CEO Jean Paul Prates last week. The dismissal, prompted by disagreements over dividend policies, underscores ongoing tensions between the state-controlled oil giant and President Luiz Inácio Lula da Silva’s administration. This development marks the fifth change in Petrobras' leadership within three years, highlighting persistent political interfWhat Happened?The ousting of Prates, who served less than 18 mon ...

Petrobras (PBR) , the renowned Brazilian state-run oil and gas company, is set to launch two significant tenders by the end of the year. These tenders aim to contract up to 26 newbuild offshore support vessels, marking a significant effort to rejuvenate Brazil's shipbuilding industry. This initiative is expected to generate substantial investments, potentially reaching $2.5 billion. The announcement was made just hours before Jean Paul Prates resigned as CEO, signaling a key moment for Petrobras and the Bra ...

Petrobras (PBR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this oil and gas company have returned -2.3%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Oil and Gas - Integrated - Emerging Markets industry, which Petrobras falls in, has lost 2.2%. The key question now is: What could be the stock's future direction? ...

Petroleo Brasileiro S.A., or Petrobras (PBR) , announced first-quarter earnings per ADS of 75 cents, missing the Zacks Consensus Estimate of 84 cents. Earnings also came in well below the year-ago profit of $1.11.The underperformance can be blamed on rising pre-salt lifting costs that resulted in weak upstream profitability, plus higher refining outlay. This was partly offset by strong production. Recurring net income, which strips one-time items, came in at $4,816 million compared with $7,392 million a yea ...

Key TakeawaysPetrobras CEO Jean Paul Prates was reportedly pushed out by Brazil President Lula da Silva following a dispute over the payment of dividends.Prates had resisted efforts by government-chosen members of the board to withhold an extraordinary dividend payout.Lula has been pushing Petrobras to reduce the amount given to investors and use the money to boost job creation and economic activity in the country. American Depositary Receipts (ADRs) of Petrobras (PBR) sank after the Brazilian government re ...

Just because things are bad at Petrobras doesn't mean they can't get even worse.Pity Petrobras (PBR -7.01%) (PBR.A -5.96%) investors -- they can't seem to catch a break. Shares of the Brazilian oil giant -- officially known as Petroleo Brasileiro -- have fallen steadily in the four days leading up to and after the company's poor first-quarter 2024 earnings report. This now includes a 7.2% decline through 10:45 a.m. ET today.You can blame this latest decline on the President of Brazil himself.Petrobras' Q1 e ...

财务数据和关键指标变化 - 公司在第一季度实现了调整后EBITDA 120.1亿美元,是公司历史第八高[35] - 经营现金流达94.4亿美元,净利润为48亿美元[35] - 自由现金流达65亿美元,公司向政府缴纳税费682亿雷亚尔[35] - 公司财务债务降至有史以来最低水平,达277亿美元[43] - 过去12个月公司股东回报率达107.3%,远高于行业平均水平[38] 各条业务线数据和关键指标变化 - 上游业务方面,公司在布祖斯、阿尔米兰特-巴罗索等大型油田产量持续增长[7][27] - 下游方面,炼厂利用率达92%,远高于去年同期[30] - 柴油、汽油和航空燃料产量占总产量的67%,体现了产品结构的优化[11] - 公司开始销售R5柴油和可持续沥青产品,推进能源转型[11] 各个市场数据和关键指标变化 - 第一季度柴油价差下降26%,受到季节性和市场因素的影响[40] - 公司销量受到乙醇和柴油强制使用比例上升的压力[41][42] - 但公司仍实现了强劲的现金流和盈利[35] 公司战略和发展方向及行业竞争 - 公司致力于以资本纪律执行投资计划,为股东和社会创造价值[5] - 公司正在建设未来的彼得巴斯,成为更高效、创新和可持续的公司[13] - 公司在能源转型和可持续发展方面取得重大进展,温室气体排放大幅下降[33][34] - 公司正在评估收购巴斯夫化工的可能性,以拓展下游业务[135][140] 管理层对经营环境和未来前景的评论 - 公司维持了良好的现金流,为未来投资提供了保障[6] - 第一季度产量下降是计划性的,不会影响公司的产量曲线[6][7] - 公司将在下半年启动新的FPSO,进一步提升产能[9] - 炼厂维修停车影响了第一季度销量,但利用率仍保持较高水平[10] 问答环节重要的提问和回答 问题1 **Bruno Montanari 提问** 关于公司是否会在今年二三季度支付额外股息,以及公司的定价策略[65][66] **Sergio Caetano Leite 回答** 公司将在本财年内决定是否支付额外股息,具体时间还未确定[183][199] 公司的定价策略是基于边际价格和客户替代价格,而非简单的价格政策[71][72][73] 问题2 **Luiz Carvalho 提问** 公司在能源转型方面的投资计划和国际化布局[84][85] **Sergio Caetano Leite 和 Mauricio Tolmasquim 回答** 能源转型投资大部分在分析阶段,公司正在审慎评估各种项目[87][88][98][99] 国际化方面,公司正在评估大西洋地区的上游资产收购机会,既可能作为运营商也可能作为非运营方[102][103] 问题3 **Pedro Soares 提问** 公司第一季度产量低于全年指引,未来是否有望超过指引[108][109] **Joelson Falcao Mendes 回答** 公司产量曲线将维持在指引范围内,不会大幅超出,主要受井底压力下降等因素影响[110][111][112]

Petróleo Brasileiro S.A. (NYSE:PBR), Brazil’s state-controlled oil giant, is once again in the spotlight as it grapples with shareholder expectations and market dynamics. After reporting a 38% year-over-year decline in Q1 profit earlier today, Petrobras announced that it is slashing its Q1 2024 dividend payout. This move will see dividends reduced to 1.04 reais per share, totaling 13.45 billion reais ($2.6 billion), which is considerably lower than analysts’ projection of $3.2 billion according to Bloomberg ...