Latest news with #PetroleoBrasileiro
Bloomberg
7 days ago
- Business
- Bloomberg
Petrobras Gets Permission for Accident Test at Key Oil Block
Petroleo Brasileiro SA received the go-ahead to test its emergency accident plan at a key offshore block in northern Brazil, where it's been facing a years-long battle for a drilling license. The test is expected on August 24, said Senator Randolfe Rodrigues in a video seen by Bloomberg and then posted on social media. Rodrigues is the Brazilian government leader in Congress and elected from Amapa, a state that will be highly impacted by the exploration.
Bloomberg
08-08-2025
- Business
- Bloomberg
Petrobras Misses Estimates on Low Oil Prices and Higher Costs
Brazil's state-controlled oil producer Petrobras reported weaker-than-expected results and cut its dividend after lower oil prices offset stronger production figures. Petroleo Brasileiro SA, as it is formally known, increased investments 30.6% on year and 9% from the previous quarter to $4.4 billion as it develops massive deep-water oil fields. Investors have been hoping to see Petrobras contain capital expenditures to help preserve shareholder payouts.
Bloomberg
05-07-2025
- Business
- Bloomberg
Petrobras Weighs Selling Onshore Cluster on Lower Oil Prices
Petroleo Brasileiro SA is considering the sale of its onshore operations in Brazil's northeastern Bahia state, Chief Executive Officer Magda Chambriard said. Producing oil and gas on the so-called Polo Bahia Terra is too expensive given that it yields less than a single well on the pre-salt, a deep-water region in the Atlantic that accounts for more than 70% of Brazil's output, Chambriard told journalists on the sidelines of Brazil-China shipbuilding forum.
Washington Post
13-05-2025
- Business
- Washington Post
Petrobras: Q1 Earnings Snapshot
RIO DE JANERIO RJ BR, Brazil — RIO DE JANERIO RJ BR, Brazil — Petroleo Brasileiro SA - Petrobras (PBR) on Monday reported earnings of $5.97 billion in its first quarter. The Rio De Janerio Rj Br, Brazil-based company said it had profit of 92 cents per share. Earnings, adjusted for non-recurring gains, came to 62 cents per share.
Bloomberg
12-05-2025
- Business
- Bloomberg
Petrobras to Pay $2.1 Billion in Dividends After Price Drop
Brazil's state-controlled oil producer Petrobras approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices. Petroleo Brasileiro SA, as the company is formally known, will pay 11.72 billion reais ($2.1 billion) in first-quarter dividends, it said in a filing Monday. Expectations were for a $2.2 billion payout, according to an average of six analyst forecasts reviewed by Bloomberg.
