Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR ) is a highly profitable, diversified energy firm with a favorable distribution policy and a low valuation based off of earnings. The energy company benefited from modest growth in its production and its Analyst's Disclosure: I/we have a beneficial long position in the shares of PBR, XOM, CVX, BP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it ( ...