La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Petrobras Brasileiro a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Petrobras Brasileiro..

Petrobras Brasileiro (NYSE:PBR) Azioni, Catena delle Opzioni

Petrobras Brasileiro

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.

Petroleo Brasileiro S.A.- Petrobras Common Stock

Petroleo Brasileiro SA Petrobras

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares

PolkaBridge

PT BARIO RNWBLE EGY U/ADR by PT BARITO RENEWABLES ENERGY TBK

PETROLEO BRASILEIRO ADR REPSTG 2 PRF

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Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) is gearing up to announce its quarterly earnings on Thursday, 2024-11-07. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Petrobras Brasileiro will report an earnings per share (EPS) of $0.82.
The announcement from Petrobras Brasileiro is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings Track Record</h3>
The company's EPS missed by $0.52 in the last quarter, leading to a 0.21% increase in the share price on the following day.
Here's a look at Petrobras Brasileiro's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.46</td>
<td>0.80</td>
<td>1.11</td>
<td>0.83</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.06</td>
<td>0.74</td>
<td>0.96</td>
<td>0.84</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-7.000000000000001%</td>
<td>-11.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730901647_0.png" alt="eps graph" />
<h3>Market Performance of Petrobras Brasileiro's Stock</h3>
Shares of Petrobras Brasileiro were trading at $13.25 as of November 05. Over the last 52-week period, shares are down 12.83%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/PBR/earnings">To track all earnings releases for Petrobras Brasileiro visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Petrobras Brasileiro Earnings Preview

<ul>
<li>Company to support projects in Brazil's pre-salt fields, reinforcing position as a leading provider of flexible pipe for deepwater and high CO2 projects</li>
<li>Local manufacturing boost Brazilian economy, strengthen energy supply chain</li>
</ul>
HOUSTON and LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), an energy technology company, announced Monday significant contracts with Petrobras to provide 77 km of flexible pipe systems to be deployed in Brazil's pre-salt fields. The agreement was signed Oct. 15, 2024, following an open tender.
The multi-year project includes risers and flowlines for hydrocarbon production and associated gas and water injection with support for equipment storage, maintenance and installation. Delivery is scheduled to begin in mid-2026, and the equipment will be utilized across Petrobras' Búzios, Libra, Berbigão, Sururu and Sépia fields.
These systems will also address the critical issue of stress-induced corrosion cracking from CO2 (SCC-CO2), which can affect flexible pipes in pre-salt fields with high concentrations of the gas. Baker Hughes' flexible pipes have proven effective at mitigating this issue, which can arise as gas is reinjected into wells to reduce flaring and enhance oil recovery. Petrobras has committed to limiting CO2 emissions to the atmosphere in their operations, and CO2 storage is an important tool for producing lower-carbon barrels.

News

Contracts

Baker Hughes Awarded Contracts To Supply Petrobras To Provide 77km Of Flexible Pipe Systems To Be Deployed In Brazil's Pre-Salt Fields

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Shares of oil and oil-related companies are trading lower after Israel reportedly did not damage Iran's oil sites amid strikes over the weekend.

High-rolling investors have positioned themselves bearish on Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in PBR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Petrobras Brasileiro. This is not a typical pattern.
The sentiment among these major traders is split, with 25% bullish and 75% bearish. Among all the options we identified, there was one put, amounting to $915,000, and 7 calls, totaling $352,895.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $3.0 to $10.0 for Petrobras Brasileiro during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Petrobras Brasileiro's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Petrobras Brasileiro's substantial trades, within a strike price spectrum from $3.0 to $10.0 over the preceding 30 days.
<h3>Petrobras Brasileiro 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729867551_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$1.26</td>
<td>$1.05</td>
<td>$1.22</td>
<td>$10.00</td>
<td>$915.0K</td>
<td>20.3K</td>
<td>7.5K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$11.1</td>
<td>$10.85</td>
<td>$10.88</td>
<td>$3.00</td>
<td>$54.4K</td>
<td>290</td>
<td>280</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.9</td>
<td>$10.85</td>
<td>$10.88</td>
<td>$3.00</td>
<td>$54.4K</td>
<td>290</td>
<td>230</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.9</td>
<td>$10.85</td>
<td>$10.85</td>
<td>$3.00</td>
<td>$54.2K</td>
<td>290</td>
<td>280</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$11.05</td>
<td>$10.8</td>
<td>$10.83</td>
<td>$3.00</td>
<td>$54.1K</td>
<td>290</td>
<td>150</td>
</tr>
</tbody>
</table>

<h3>About Petrobras Brasileiro</h3>
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.
Following our analysis of the options activities associated with Petrobras Brasileiro, we pivot to a closer look at the company's own performance.
<h3>Current Position of Petrobras Brasileiro</h3>
<ul>
<li>Currently trading with a volume of 2,153,874, the PBR's price is up by 1.2%, now at $13.89. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 13 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
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Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Petrobras Brasileiro, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Petrobras Brasileiro's Options: A Look at What the Big Money is Thinking

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TRGP

Shares of energy stocks are trading lower as oil prices fall after Israel reportedly indicated it could target military sites in Iran but not oil or nuclear targets.

Guidance

Petrobras Exec Says Set To Lower Average Nat Gas Prices By 1.41% In November; CFO Says Considering Changes To Current Rules On Payment Of Extraordinary Dividends As Part Of New Strategic Plan; Might Change Current Minimum Cash Level Of $8B, Could Distribute Any Excess Of Cash To Shareholders; Would Seek A Minimum Cash Level That 'guarantees Its Operations'; Sees No Change To Rules Related To Ordinary Dividend Payments

VALE

Petrobras CEO Says Expects To Kickstart FPSO Almirante Tamandare Ops In Buzios Field By Early 2025; Working On Partnership With Miner Vale On Decarbonization Projects; Partnership With Vale Could Include Supplying Miner With Marine Fuel, Diesel With Renewable Content; Exec Says To Launch New Bid For Two FPSO Vessels For Deepwater Sergipe Project In Next Few Weeks

Whales with a lot of money to spend have taken a noticeably bullish stance on Petrobras Brasileiro.
Looking at options history for Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $129,476 and 5, calls, for a total amount of $298,150.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $3.0 to $15.0 for Petrobras Brasileiro over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Petrobras Brasileiro's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Petrobras Brasileiro's whale trades within a strike price range from $3.0 to $15.0 in the last 30 days. 
<h3>Petrobras Brasileiro Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728589551_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.35</td>
<td>$0.34</td>
<td>$0.34</td>
<td>$15.00</td>
<td>$68.0K</td>
<td>17.7K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$13.35</td>
<td>$11.4</td>
<td>$12.0</td>
<td>$3.00</td>
<td>$60.0K</td>
<td>300</td>
<td>170</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$13.35</td>
<td>$11.4</td>
<td>$11.92</td>
<td>$3.00</td>
<td>$59.6K</td>
<td>300</td>
<td>170</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$13.35</td>
<td>$11.4</td>
<td>$11.91</td>
<td>$3.00</td>
<td>$59.5K</td>
<td>300</td>
<td>120</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$12.15</td>
<td>$11.4</td>
<td>$11.9</td>
<td>$3.00</td>
<td>$59.5K</td>
<td>300</td>
<td>370</td>
</tr>
</tbody>
</table>

<h3>About Petrobras Brasileiro</h3>
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.
In light of the recent options history for Petrobras Brasileiro, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Petrobras Brasileiro</h3>
<ul>
<li>Trading volume stands at 7,561,012, with PBR's price up by 1.83%, positioned at $14.91.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 28 days.</li>
</ul>
<h3>Professional Analyst Ratings for Petrobras Brasileiro</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $19.0.
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&#x2A; An analyst from JP Morgan has elevated its stance to Overweight, setting a new price target at $19. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Petrobras Brasileiro, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Petrobras Brasileiro Options Trading: A Deep Dive into Market Sentiment

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CGBS

CIVI

Shares of energy companies are trading lower, pulling back after recently rising amid Middle East tensions. China stimulus uncertainty may also be impacting the demand outlook.

Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) reported a Total Utilization Factor (FUT) of 96.8% for its refineries in <a target="_blank" href="https://api.mziq.com/mzfilemanager/v2/d/25fdf098-34f5-4608-b7fa-17d60b2de47d/6df4e05e-fa33-9cbf-d4d1-b3b72cc72993?origin=2" rel="noreferrer noopener">September</a>, the highest monthly figure in 2024, bringing the third-quarter average to 95.2%.
The quarter also saw record pre-salt oil processing, accounting for 73% of the total load, and gasoline production reaching 6.38 million m3.
Asphalt production was notable as well, with 803,000 tons produced in the quarter, including records at the Reduc (32,000 tons) and Repar (51,000 tons) refineries.
These achievements are attributed to modernization projects, asset reliability, process optimization, and the use of innovative technologies.
Last week, Petrobras confirmed that its Sirius-1 and Sirius-2 gas <a target="_blank" href="https://api.mziq.com/mzfilemanager/v2/d/25fdf098-34f5-4608-b7fa-17d60b2de47d/652dc1c3-b78c-107b-6cac-9616e7f0d67d?origin=1" rel="noreferrer noopener">discoveries </a>in Colombia&#8217;s Guajira Offshore Basin hold around 6 trillion cubic feet (Tcf) of gas in place.
Apart from this, Petrobras&#8217; Board of Directors approved its participation in South Africa&#8217;s Deep Western Orange Basin (DWOB) block, securing a 10% stake <a target="_blank" href="https://api.mziq.com/mzfilemanager/v2/d/25fdf098-34f5-4608-b7fa-17d60b2de47d/a2b961f6-652e-a656-691a-d69ab3b752db?origin=1" rel="noreferrer noopener">through </a>a process led by TotalEnergies.
Investors can gain exposure to the stock via&nbsp;Global X Funds Global X Brazil Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRAZ#NYSE">BRAZ</a>) and Shares Latin America 40 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ILF#NYSE">ILF</a>).
Price Action: PBR shares are down 0.85% at $15.20&nbsp;premarket at the last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com//node/41222716" target="_blank" rel="noreferrer noopener">As Florida Prepares For One Of Deadliest Hurricanes, Here Are Some Potential Stock Winners And Losers From Milton Threat</a></li>
</ul>

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iShares Trust S&P Latin America 40 Index Fund

What's Going On With Brazilian Oil & Gas Company Petrobras Shares On Tuesday?

Petrobras (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbr#NYSE">PBR</a>), an&nbsp;oil and gas company of Brazil, is close to reaching an agreement with Brazil&#39;s regulators that will enable the company to start redeveloping the large Tupi oil field, a significant asset in the country&#39;s energy landscape. This redevelopment initiative is expected to not only boost Petrobras&#39; production capabilities but also reinvigorate Brazil&#39;s oil output, which has faced stagnation in recent years.
<h2>Resolving the Tax Dispute: A Critical Step</h2>
One of the most pressing issues for Petrobras is the long-standing tax dispute with Brazil&#39;s National Agency of Petroleum, Natural Gas and Biofuels (ANP). According to Sylvia dos Anjos, the head of exploration and production at Petrobras, the company anticipates that this dispute will be resolved by the end of 2024. Successfully settling this issue is crucial for Petrobras to extend its operating contract for Tupi, potentially for another 27 years, allowing for a more extensive and profitable development plan.
The heart of the conflict lies in the interpretation of tax regulations pertaining to oil fields. Petrobras argues that Tupi consists two distinct deposits &mdash;Tupi and Cernambi. Under the ANP&#39;s maintenance these are a single entity. This interpretation affects the tax rate applicable to Petrobras, with larger fields incurring higher taxes. The ongoing arbitration proceedings may soon give way to negotiations, as both parties appear ready to find common ground.
<h2>Strategic Redevelopment Plans for Tupi</h2>
With the potential resolution of the tax dispute, Petrobras is poised to embark on ambitious plans to drill new wells and conduct seismic research at the Tupi oil field. The company is also contemplating the addition of another floating production unit, a significant investment that can cost more than $4 billion and take several years to construct. This move would significantly enhance Petrobras&#39; ability to extract oil from Tupi, which is essential for addressing the natural decline in production rates.
Cesar Cunha de Souza, Petrobras&#39; executive manager for ultra-deep waters, indicated that the start date for this new production unit will be defined in the company&#39;s next strategic plan. The goal is to maximize output from Tupi through infill drilling campaigns, which are designed to improve extraction rates from a field that has been in production for over a decade.
<h2>Economic Significance of Tupi</h2>
The Tupi oil field is a cornerstone of Petrobras&#39; operations and Brazil&#39;s economy. In the early 2010s, Tupi propelled Brazil into the ranks of the world&#39;s top ten oil producers, generating substantial tax revenues that have been crucial for the national economy. It has been a driving force behind exploration in the pre-salt region, a hotbed for international oil investments.
In 2023, Tupi outperformed oil production from several countries, including Colombia, Venezuela, the United Kingdom and Argentina. This achievement underscores the field&#39;s significance not only for Petrobras but for Brazil&#39;s energy independence and economic stability.
<h2>Challenges and Comparisons in Global Oil Production</h2>
Despite the positive outlook for Tupi, Petrobras faces challenges similar to those experienced by other oil-producing nations. For instance, Mexico&#39;s oil output has dramatically declined since the peak of the Cantarell field in the 2000s, significantly impacting government revenues. Anjos emphasized the necessity of intensifying efforts to extract more from Tupi, stating, &quot;We&#39;re going to carry out a process to get much more out of Tupi. It&#39;s a giant field.&quot;
The ongoing global demand for oil makes it imperative for Petrobras to arrest the decline in production effectively. The company is committed to exploring new methodologies and technologies that can enhance extraction and efficiency, ensuring that Tupi remains a vital contributor to Brazil&#39;s energy portfolio.
<h2>Production Metrics and PBR&#39;s Projections</h2>
Recent data reveals that Tupi has maintained an impressive output, producing an average of 764,000 barrels of oil per day in the first eight months of 2024. This output not only surpasses that of Buzios, another field where Petrobras is expanding production but also highlights Tupi&#39;s continued importance in Brazil&#39;s energy strategy. In August, daily crude output returned to last year&#39;s level, reaching 830,000 barrels per day following the conclusion of planned maintenance on a key platform.
Such metrics indicate that with the right investments and strategies in place, Tupi could enhance its production capabilities even further, reinforcing Petrobras&#39; position as a leader in the oil industry.
<h2>Future of Petrobras and the Tupi Oil Field</h2>
As Petrobras navigates the complexities of its tax dispute with the ANP, the company&#39;s focus on the Tupi oil field exemplifies its broader strategy to secure and expand Brazil&#39;s energy resources. The outcome of these negotiations will significantly influence the future trajectory of the company and its ability to innovate and adapt to an ever-changing global oil landscape.
Overall, the redevelopment of Tupi is not just a crucial step for Petrobras. It is a significant chapter in Brazil&#39;s quest for energy security and economic growth. The company&#39;s commitment to resolving its tax issues and investing in new technology positions PBR to capitalize on one of the most important oil fields in the world, ensuring that Brazil remains a key player in the global energy market.
<h2>PBR&#39;s Zacks Rank &amp; Key Picks</h2>
Currently, PBR has a Zacks Rank of #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like Targa Resources (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trgp#NYSE">TRGP</a>) and Archrock (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aroc#NYSE">AROC</a>), each sporting a Zacks Rank #1 (Strong Buy), and Core Laboratories Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clb#NYSE">CLB</a>), carrying a Zacks Rank #2 (Buy) at present.
Targa Resources is valued at $34.62 billion. In the past year, its shares have risen 90%. TRGP is a leading provider of midstream energy infrastructure services in the United States. It offers a wide range of services, including gathering, processing, transportation, storage and marketing of natural gas and natural gas liquids.
Houston-based Archrock is valued at $3.68 billion. The oil and gas exploration and production company currently pays a dividend of 66 cents per share, or 3.03%, on an annual basis. AROC, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services.
Core Laboratories is valued at $929.82 million. The company currently pays a dividend of 4 cents per share, or 0.2%, on an annual basis. CLB is an oilfield services company, operating in more than 50 countries. The firm deals with providing reservoir management and production enhancement services to oil and gas companies.
<a href="https://www.zacks.com/stock/news/2347049/petrobras-to-close-final-deal-for-redeveloping-the-tupi-oil-field?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2347049">To read this article on Zacks.com click here.</a>

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Shares of energy stocks are trading higher amid a rise in oil prices after Iran on Tuesday launched a missile attack on Israel.

Shares of energy stocks are trading higher amid a rise in oil prices after Iran launched a missile attack on Israel.

Investors with a lot of money to spend have taken a bearish stance on Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PBR, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Petrobras Brasileiro.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 62%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $187,469, and 5 are calls, for a total amount of $307,000.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $3.0 and $15.0 for Petrobras Brasileiro, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Petrobras Brasileiro's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Petrobras Brasileiro's whale trades within a strike price range from $3.0 to $15.0 in the last 30 days. 
<h3>Petrobras Brasileiro 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727454773_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$0.52</td>
<td>$0.5</td>
<td>$0.5</td>
<td>$15.00</td>
<td>$75.0K</td>
<td>10.0K</td>
<td>1.5K</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$1.73</td>
<td>$1.7</td>
<td>$1.7</td>
<td>$13.00</td>
<td>$74.4K</td>
<td>7.7K</td>
<td>438</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.7</td>
<td>$1.49</td>
<td>$1.7</td>
<td>$13.00</td>
<td>$68.4K</td>
<td>7.7K</td>
<td>1.4K</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$11.8</td>
<td>$11.35</td>
<td>$11.6</td>
<td>$3.00</td>
<td>$58.0K</td>
<td>58</td>
<td>250</td>
</tr>
<tr>
<td>PBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$13.05</td>
<td>$11.6</td>
<td>$11.6</td>
<td>$3.00</td>
<td>$58.0K</td>
<td>58</td>
<td>200</td>
</tr>
</tbody>
</table>

<h3>About Petrobras Brasileiro</h3>
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.
Following our analysis of the options activities associated with Petrobras Brasileiro, we pivot to a closer look at the company's own performance.
<h3>Current Position of Petrobras Brasileiro</h3>
<ul>
<li>Currently trading with a volume of 4,923,147, the PBR's price is up by 0.34%, now at $14.61. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 41 days.</li>
</ul>
<h3>What The Experts Say On Petrobras Brasileiro</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $19.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from JP Morgan has elevated its stance to Overweight, setting a new price target at $19. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Petrobras Brasileiro with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

A Closer Look at Petrobras Brasileiro's Options Market Dynamics

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Shares of energy companies are trading higher amid a rise in oil after the Israeli military carried out an airstrike on Hezbollah headquarters in Beirut, Lebanon. Also, Israeli Prime Minister Netanyahu, in a speech to the UN, mentioned Hezbollah and said his country has "every right to remove this threat and return our citizens to their homes safely."

JP Morgan analyst Rodolfo Angele upgrades Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) from Neutral to Overweight and raises the price target from $16.5 to $19.

Upgrades

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JP Morgan Upgrades Petrobras Brasileiro to Overweight, Raises Price Target to $19

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Green mining practices are revolutionizing the mining industry, driven by an urgent call for sustainable resource extraction amid climate change. As this eco-friendly shift gains momentum, Vale S.A. (VALE), BHP Group (BHP), and Rio Tinto Group (RIO) are seizing the moment, turning sustainability into a powerful growth opportunity. Read on… With carbon emissions rising daily, the green mining industry now faces an urgent need to ensure ethical resource extraction. Companies are gradually adopting sustainable practices like green mining to reduce environmental impact and conserve resources for future generations, reflecting a shift toward eco-friendly operations in mining.
So, let us explore fundamentally sound stocks, Vale S.A. (<a href="https://stocknews.com/stock/VALE/">VALE</a>), BHP Group Limited (<a href="https://stocknews.com/stock/BHP/">BHP</a>), and Rio Tinto Group (<a href="https://stocknews.com/stock/RIO/">RIO</a>), which have successfully integrated green mining practices into their core operations, demonstrating a commitment to ethical resource extraction and sustainable environmental stewardship.
The mining industry is undergoing a major transformation this year as green mining practices gain traction. In response to growing environmental concerns and sustainability mandates, companies are adopting innovative strategies and technologies to minimize their ecological footprint and promote responsible, efficient resource extraction.
Emerging technologies are revolutionizing green mining by <a href="https://miningworld.com/the-rise-of-green-mining-practices-in-2024/">employing advanced machinery</a> and techniques to minimize environmental impact. Automated drones, sensor-based sorting, and renewable energy sources are driving sustainability. These innovations pave the way for mining operations to reduce their ecological footprint and operate more efficiently.
Real-time monitoring systems enable mining operators to optimize resource extraction and reduce waste. Additionally, AI and machine learning facilitate smarter decision-making, improving operational efficiency while significantly cutting down the carbon emissions linked to traditional mining methods.
Looking forward, according to bccResearch, the global green mining market is expected to grow from $11.4 billion in 2023 to $16.9 billion by 2029, at <a href="https://www.bccresearch.com/market-research/environment/green-mining-market.html">a 7.4% CAGR</a>.
Given this positive outlook, let us delve into the fundamentals of three leading green mining stocks, starting with #3.
Stock #3: Vale S.A. (<a href="https://stocknews.com/stock/VALE/">VALE</a>)
VALE, headquartered in Rio de Janeiro, Brazil, excels in the metal and mining sector, focusing on iron ore and nickel production. It also manufactures iron ore pellets, copper, platinum group metals (PGMs), gold, silver, and cobalt. The company functions through its Iron Solutions and Energy Transition Materials segments.
On October 18, VALE <a href="https://vale.com/w/vale-and-petrobras-sign-agreement-to-supply-products-focused-on-decarbonization/-/categories/985604">announced a strategic alliance</a> with Petróleo Brasileiro S.A. – Petrobras (<a href="https://stocknews.com/stock/PBR/">PBR</a>) to supply competitive products and advance the decarbonization agenda. This agreement enables testing and marketing of three products: co-processed diesel with renewable content, natural gas, and bunker fuel containing 24% renewable content.
The partnership underscores VALE's dedication to decarbonizing operations and assisting customers in reducing emissions. By leveraging Brazil's advantages in renewable fuels, VALE is positioning itself strategically within the market.
In the fiscal third quarter, VALE reported <a href="https://api.mziq.com/mzfilemanager/v2/d/53207d1c-63b4-48f1-96b7-19869fae19fe/19db5e6f-5388-25f1-f25b-32751a0950bf?origin=1">record iron ore production</a> of 91.0 million tonnes, marking a 5% increase year-on-year. The company also raised its 2024 production guidance to 323-330 million tonnes, up from the previous estimate of 310-320 million tonnes. Such figures reflect VALE's commitment to operational excellence and growth in critical commodities.
Copper ore processed at Salobo 1 and 2 surged by 30% year-on-year, driven by improved mill performance. Additionally, the Sudbury mines contributed to a 20% increase in nickel mill throughput. VALE's focus on operational stability and asset reliability continues to ensure sustainable growth and profitability.
VALE's net operating revenue for the fiscal second quarter ended June 30, 2024, grew 2.6% year-over-year to $9.92 billion. Its operating income rose 34.7% from the prior year's quarter to $3.88 billion. Additionally, net income and earnings per share attributable to VALE's shareholders were $2.77 billion and $0.65, up 210.4% and 225% year-over-year, respectively.
Analysts expect VALE's revenue for the fiscal year ending December 2025 to increase 3.2% year-over-year to $40.33 billion. Its EPS for the same period is expected to rise 7% from the prior year to $2.13.
Over the past month, shares of VALE have gained 2.8%, closing the last trading session at $10.57.
VALE's promising outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
VALE has an A grade for Value and a B for Quality. Within the <a href="https://stocknews.com/category/industrial-metals/">Industrial – Metals</a> industry, it is ranked #9 out of 29 stocks.
To see VALE's ratings for Growth, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/VALE/">click here</a>.
Stock #2: BHP Group Limited (<a href="https://stocknews.com/stock/BHP/">BHP</a>)
BHP, based in Melbourne, Australia, specializes in producing various commodities, such as iron ore, copper, nickel, potash, and metallurgical coal. It actively engages in mining, smelting, and refining nickel and developing potash. The company operates through its Copper; Iron Ore; and Coal segments.
On October 7, BHP <a href="https://www.bhp.com/news/media-centre/releases/2024/10/bhp-and-sail-sign-mou-to-accelerate-potential-pathways-to-steel-decarbonisation">signed a memorandum of understanding</a> with Steel Authority of India Limited (SAIL), the largest government-owned steel producer in India, to support steelmaking decarbonization.
The collaboration focuses on promoting lower-carbon steelmaking technologies, highlighting BHP's commitment to sustainability. By advancing these practices, BHP can strengthen its global market presence and align with the increasing demand for greener steel products.
BHP has begun the 2025 financial year with impressive momentum, <a href="https://www.bhp.com/-/media/documents/media/reports-and-presentations/2024/241017_bhpoperationalreviewforthequarterended30september2024.pdf">recording increased production</a> across all major commodities for the quarter. Copper production rose by 4%, driven by higher grades and improved recoveries at Escondida.
Additionally, Western Australia Iron Ore (WAIO) production increased by 3% as the company unlocked capacity following the completion of debottlenecking work at the port. The company also observed signs of stabilization in its steelmaking coal sector, with production surging by 20% in the quarter, excluding the recently divested Blackwater and Daunia mines.
This overall growth reflects BHP's commitment to enhancing operational efficiency and adapting to market conditions, positioning the company for continued success in the mining industry.
For the fiscal year which ended June 30, 2024, BHP's revenues increased 3.4% year-over-year to $55.66 billion. Its underlying EBITDA came in at $29.02 billion, up 3.8% from the previous year's quarter. Moreover, underlying attributable profit and underlying earnings per ordinary share rose 1.8% and 1.7% from the previous year's period to $13.66 billion and $2.70, respectively.
Street expects BHP's revenue for the fiscal year ending June 2026 to grow 1.9% from the previous year to $50.32 billion. Meanwhile, its EPS for the same period is expected to increase 5.2% year-over-year to $4.43.
The stock has gained 4.7% over the past month to close the last trading session at $56.32.
BHP's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
It has an A grade for Quality and a B for Value and Stability. Within the same industry, BHP is ranked #3.
<a href="https://stocknews.com/stock/BHP/">Click here</a> to see BHP ratings for Growth, Momentum, and Sentiment.
Stock #1: Rio Tinto Group (<a href="https://stocknews.com/stock/RIO/">RIO</a>)
RIO, headquartered in London, United Kingdom, operates as a mining and metals company in 35 countries, producing iron ore, copper, aluminum, critical minerals, and materials essential for global energy transition. Its operations are categorized into segments including Iron Ore; Aluminum; Copper; and Minerals.
On October 9, RIO <a href="https://www.riotinto.com/en/news/releases/2024/rio-tinto-to-acquire-arcadium-lithium">announced its acquisition</a> of Arcadium Lithium, a global, fast-growing producer with long-life, low-cost operations and growth projects. This move is expected to enhance RIO's lithium portfolio, aligning it with its aluminum and copper operations to support the energy transition and expand into essential materials.
By acquiring Arcadium, RIO would leverage its scale and financial strength to fully unlock the potential of Arcadium's Tier 1 portfolio. With this strategic step, RIO is positioned to better meet the growing demand for lithium, securing long-term growth in the green energy sector.
On August 15, RIO <a href="https://www.riotinto.com/en/news/releases/2024/queensland-government-and-rio-tinto-partnership-to-support-gladstones-boyne-smelters">announced a partnership</a> with the Queensland Government to support Gladstone's industrial base by investing in renewable energy. The collaboration secures the future of Boyne Smelters Limited (BSL), Australia's second-largest aluminium smelter.
The agreement would enhance RIO's reputation in the industry, help reduce operational costs, and align with global trends toward decarbonization, benefiting the company's long-term growth.
For six months that ended on June 30, 2024, RIO's consolidated sales revenue marginally increased year-over-year to $26.80 billion. Operating profit climbed to $8.26 billion, reflecting a 14% rise from the previous year's quarter.
Furthermore, profit after tax reached $5.89 billion, and EPS hit $3.56, marking increases of 19.1% and 13.3% year-over-year, respectively.
Analysts expect RIO's revenue and EPS for the fiscal year ending December 2024 to be $52.80 billion and $7, respectively.
RIO's stock has gained 2.2% over the past month and 7.3% over the past year to close the last trading session at $64.95.
It's no surprise that RIO has an overall rating of A, which equates to a Strong Buy in our POWR Ratings system.
RIO has a B grade for Value, Stability, and Quality. Out of 29 stocks in the Industrial – Metals industry, RIO is ranked #2.
Beyond what is stated above, we've also rated RIO for Growth, Momentum, and Sentiment. Get all RIO ratings <a href="https://stocknews.com/stock/RIO/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
BHP shares were unchanged in premarket trading Tuesday. Year-to-date, BHP has declined -13.13%, versus a 23.95% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/bhp-rio-vale-pbr-3-green-mining-stocks-focused-on-ethical-resource-extraction/>3 Green Mining Stocks Focused on Ethical Resource Extraction</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Green Mining Stocks Focused on Ethical Resource Extraction

Petroleo Brasileiro SA- Petrobras (PBR) has released an update. Petrobras has announced the rescheduling of its third-quarter 2024 results webcast ...

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Petrobras Brasileiro (PBR) Opzioni

Petrobras Brasileiro (NYSE:PBR) Azioni, Catena delle Opzioni

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