Petrobras Brasileiro (NYSE:PBR) Azioni

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 2024 was 2.7 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.

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Reuters Cites Filing Saying Brazil's Petrobras To Invest 26 Billion Reais In Integration Between Reduc Refinery And Boaventura Energy Complex; To Invest 2.4 Billion Reais In Maintenance Stoppages At Reduc Until 2029; To Invest 860 Million Reais In New Thermal Power Plant At Reduc Refinery

<a href="https://drillingcontractor.org/dof-group-wins-two-long-term-contracts-with-petrobras-73727" title="https://drillingcontractor.org/dof-group-wins-two-long-term-contracts-with-petrobras-73727">https://drillingcontractor.org/dof-group-wins-two-long-term-contracts-with-petrobras-73727</a>

'DOF Group Wins Two Long-Term Contracts With Petrobras With A Combined Value Of More Than $275M' - Drilling Contractor

With an ugly geopolitical flashpoint seemingly averted for now, Brazilian energy giant Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) and other hydrocarbon specialists incurred some red ink during the midweek session. On Tuesday, President Donald Trump declared that a <a href="https://www.benzinga.com/markets/equities/25/06/46090358/us-stocks-likely-to-edge-higher-as-iran-israel-ceasefire-holds-micron-technology-general-mills-in-focus-ahead-of-earnings">ceasefire between Israel and Iran</a> was in effect, despite reports of renewed hostilities putting the deal into question. For now, the agreement seems to be holding. Still, the tenuous framework may eventually present a cynical upside opportunity for PBR stock.
On a Truth Social post, Trump stated that "Israel is not going to attack Iran. All planes will turn around and head home, while doing a friendly ‘Plane Wave' to Iran." Assuming that the ceasefire leads to a more sustained solution, the threat of global oil disruption has declined, thus leading to increasing pressure against PBR stock and its ilk.
Since Israel launched its attack against Iran on June 13, a key concern has been the Strait of Hormuz. A pivotal energy artery, the passage accounts for <a href="https://www.benzinga.com/etfs/sector-etfs/25/06/46056666/how-a-strait-of-hormuz-shock-could-ignite-a-surge-in-energy-and-defense-etfs">nearly one-third of the world's oil supply</a>. With the U.S. military launching B-2 bombers to <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46082397/oil-prices-tumble-as-israel-iran-ceasefire-takes-shape-for-now">strike multiple Iranian nuclear facilities</a>, tensions and anxieties skyrocketed.
Even with the ceasefire in effect, analysts remain cautious, pointing to the fragile nature of the agreement, along with the potential for renewed clashes. A major source of friction is the stated reason why Israel and the U.S. attacked Iran: the country's nuclear program.
According to a CBS News <a href="https://www.cbsnews.com/news/israel-iran-ceasefire-uncertainty-nuclear-program-strikes-iaea-monitoring/">report</a>, an initial classified intelligence assessment revealed that Iran's nuclear capability was only set back by months. What's more, Iranian Parliamentary Speaker Mohammad Bagher Qalibaf stated that the peaceful nuclear program will "move forward at a faster pace."
If so, a geopolitical cloud continues to hang over the region, which could potentially ignite oil prices.
<h2 class="wp-block-heading">Leveraging Statistics To Trade PBR Stock</h2>
Although the concept of the energy market swinging back to life following another unexpected event may be enticing, it also lacks specificity. For those interested in trading PBR stock options, it's not enough to have a thesis regarding the magnitude component or the y-axis of the price chart. Rather, the targeted move must also materialize within the specified time element (x-axis) due to options expiring.
In other words, options traders live in a world of probabilities, which incentivizes statistical analysis. At first glance, this exercise seems simple enough: merely take the frequency of the desired outcome divided by the total number of events in the target dataset. However, this approach only calculates the derivative probability or the outcome odds over the dataset's entire distribution. What traders are looking for is the conditional probability — outcome odds over a specific subset of the data.
Derivative probabilities are akin to the advice that educators often give: because the <a href="https://thecollegesolution.com/the-odds-of-a-full-ride-athletic-scholarship/">odds</a> of receiving an athletic scholarship are so low, it's best to focus on academic scholarship opportunities. But if you're a phenomenal football player, your conditional odds of receiving a full ride based on your athletic abilities may be exponentially greater than the aggregate odds.
That's essentially the point about PBR stock. Based on its price action and past analogs, PBR may be poised to perform better than it usually does. But to calculate the odds, we must first convert past price data into a unified language, which is where market breadth comes in. As sequences of accumulative and distributive sessions, market breadth is effectively binary and thus enables categorization and quantification. Ultimately, these attributes empower probabilistic analysis.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25145642/PBR-stock-10wk-forecast-1024x576.jpg" alt="" class="wp-image-962129" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25145642/PBR-stock-10wk-forecast-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25145642/PBR-stock-10wk-forecast-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25145642/PBR-stock-10wk-forecast-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25145642/PBR-stock-10wk-forecast.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>
Currently, PBR stock is printing a "4-6-U" sequence: four up weeks, six down weeks, with a net positive trajectory across the 10-week period. Admittedly, the conversion of past pricing data into a binary code compresses the underlying magnitude component. However, the key benefit of this compression is the categorization of price action as discrete behavioral states. These states reflect past analogs, which can be studied to determine the likelihood of transition from one state to another.
From past empirical data, we can objectively determine that when the 4-6-U sequence flashes, the following week's price action results in upside 68.75% of the time, with a median return of 2.43%. Should the bulls maintain control of the market for a second week, the projected upside return is 2.58%.
<h2 class="wp-block-heading">A Daring But Enticing Call Spread To Consider</h2>
Based on the market intelligence above, aggressive speculators may consider the 12/13 bull call spread expiring July 18. This transaction involves buying the $12 call and simultaneously selling the $13 call, for a net debit paid of $48 (the most that can be lost in the trade). Should PBR stock rise through the short strike price ($13) at expiration, the maximum reward is $52, a payout of over 108%.
For those who are super-aggressive, the 12.50/13 bull spread (also expiring on July 18) is available. Here, the net debit is lower at $17 and the max reward is $33, translating to a payout of over 194%. However, the breakeven price for this trade is $12.67 as opposed to $12.48 for the 12/13 spread, meaning that the probabilistic risk is also higher.
Still, the common incentive undergirding both trades is the implied shift in sentiment regime of the 4-6-U sequence. As a baseline, the chance that a long position in PBR stock will be profitable over any given week is only 51.82%. Therefore, those already prone to speculation have a statistical incentive to swing the bat.
The opinions and views expressed in this content are those of the individual author and do not necessarily reflect the views of Benzinga. Benzinga is not responsible for the accuracy or reliability of any information provided herein. This content is for informational purposes only and should not be misconstrued as investment advice or a recommendation to buy or sell any security. Readers are asked not to rely on the opinions or information herein, and encouraged to do their own due diligence before making investing decisions.
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Options Corner: A Tenuous Ceasefire Keeps Petrobras In Play For Opportunistic Traders

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FANG

SHEL

Shares of energy stocks are trading lower as oil prices drop following a softer-than-expected Iranian attack on a US base in Qatar.

Shares of energy stocks are trading higher as oil rises amid concerns of Israel-Iran escalation. President Trump denied working on a ceasefire and said everyone should evacuate Tehran.

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Shares of energy stocks are trading higher following Israel's strikes on Iran, which have raised oil prices amid potential disruptions in production.

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Shares of energy stocks are trading higher amid a rise in oil prices.

Petrobras CEO Reportedly Says Could Have Decision On Operator For Fertilizer Plants In Three Month's Time; Says Operation On Sergipe And Bahia's Fertilizer Plants To Resume By Year's End, Says Petrobras Wants More Control Over Chemical Firm Braskem; Says Petrobras To Make Effort To Cut Costs And Simplify Projects For 2026-2030 Strategic Plan

Petrobras CEO Chambriard Reportedly Says Africa Is Main Area Of Expansion For Firm Outside Of Brazil; Says Ivory Coast Extended Red Carpet For The Firm To Explore Country's Coast, Petrobras Will Participate In July Bidding Round For Exploratory Blocks In India; Petrobras Was Outbid By France's Total For Share Of Galp's Mopane Field;  Petrobras Still Expects To Be Invited To Help Develop Galp's Mopane Field; Petrobras' Next Five-Year Strategic Plan Proposes Drilling Of 30 Wells

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Shares of oil stocks are trading higher amid an OPEC+ decision to keep output levels unchanged.

TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) shares are trading higher premarket on Tuesday. On Monday, the company disclosed the commencement of oil production from Mero-4, the fourth development phase of the Mero field in Brazil&#8217;s Santos Basin, 180 km <a target="_blank" href="https://www.benzinga.com/news" rel="noreferrer noopener">off the coast of Rio de Janeiro</a>.
The Mero field is a unitized project operated by Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) (38.6%)&nbsp;in partnership with TotalEnergies (19.3%), Shell&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>)&nbsp;Shell Brasil (19.3%), CNPC (9.65%), CNOOC (9.65%), <a target="_blank" href="https://totalenergies.com/news/press-releases/brazil-first-oil-mero-4" rel="noreferrer noopener">and</a> Pré-Sal Petróleo S.A. (PPSA) (3.5%), which represents the Brazilian government in the non-contracted area.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/25/05/45514510/totalenergies-bets-on-ksi-lisims-lng-acquires-developer-stake-and-supply" rel="noreferrer noopener">TotalEnergies Bets On Ksi Lisims LNG, Acquires Developer Stake And Supply</a>
Launched in August 2021, Mero-4 connects 12 wells to the new Alexandre de Gusmão FPSO, which has <a target="_blank" href="https://www.shell.com/news-and-insights/newsroom/news-and-media-releases/2025/libra-consortium-announces-first-oil-from-mero-four-fpso-in-brazil-pre-salt.html?eid=DM2766676&amp;bid=-1066711846" rel="noreferrer noopener">a</a> production capacity of 180,000 barrels per day. The project incorporates low-emission design features, including gas reinjection and zero routine flaring.
With this launch, Mero&#8217;s total capacity reaches 770,000 b/d across five FPSOs, contributing approximately 100,000 boe/d to TotalEnergies at full capacity.
Nicolas Terraz, president of Exploration &amp; Production of TotalEnergies, said, &#8220;The start-up of Mero-4 marks the end of the development of this world-class field, with the commissioning of four FPSOs in three years, and the start of a long-term production phase generating robust free cash flow.&#8221;
&#8220;With its vast resources and high productivity, the Mero field delivers low-cost and low-emission oil production in line with our company strategy and contributes significantly to the achievement of our objective to grow our production by 3% per year between 2024 and 2030.&#8221;
Shell&#8217;s Upstream President Peter Costello added, &#8220;Mero-4 is the latest example of how we are working with our partners to unlock value from world-class reservoirs, sustaining material liquids production and providing for the world&#8217;s current energy needs.&#8221;
&#8220;Our Brazil portfolio features long-life assets with high flow rates, resulting in some of our most competitive barrels on both operating cost and carbon footprint,&#8221; Costello added.
Investors can gain exposure to the stock via First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIPX#NYSE">EIPX</a>) and The 2023 ETF Series Trust II GMO International Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMOI#NYSE">GMOI</a>)
Price Action: TTE shares are trading higher by 1.59% to $58.81 premarket at last check Tuesday.
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Image via Shutterstock

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First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF

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Why Is TotalEnergies Stock Trading Higher On Tuesday?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li>Jefferies analyst Alejandro Demichelis upgraded Petróleo Brasileiro S.A. &#8211; Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) from Hold to Buy and announced a $15.3 price target. Petrobras Brasileiro shares closed at $12.15 on Wednesday. <a href="https://www.benzinga.com/quote/pbr/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. analyst Mitchell Kapoor upgraded the rating for CytomX Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTMX#NASDAQ">CTMX</a>) from Neutral to Buy and maintained the price target of $5. CytomX Therapeutics shares closed at $2.38 on Wednesday. <a href="https://www.benzinga.com/quote/ctmx/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Scotiabank analyst Konark Gupta upgraded the rating for CAE (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CAE#TSX">CAE</a>) from Sector Perform to Sector Outperform and announced a C$42 price target. <a href="https://www.benzinga.com/quote/cae/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Aaron Rakers upgraded Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) from Equal-Weight to Overweight and raises the price target from $72 to $75. Cisco shares closed at $61.29 on Wednesday. <a href="https://www.benzinga.com/quote/csco/analyst-ratings">See how other analysts view this stock</a>.</li>
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Considering buying CTMX stock? Here&#8217;s what analysts think: 
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This CytomX Therapeutics Analyst Turns Bullish; Here Are Top 4 Upgrades For Thursday

Jefferies analyst Alejandro Demichelis upgrades Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) from Hold to Buy and announces $15.3 price target.

Price Target

Jefferies Upgrades Petrobras Brasileiro to Buy, Announces $15.3 Price Target

<a href="https://www.bloomberg.com/news/articles/2025-05-13/petrobras-ceo-vows-belt-tightening-to-navigate-lower-oil-prices?embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-05-13/petrobras-ceo-vows-belt-tightening-to-navigate-lower-oil-prices?embedded-checkout=true</a>

General

'Petrobras CEO Vows Belt Tightening to Navigate Lower Oil Prices'- Bloomberg

Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) reported quarterly earnings of $0.92 per share which met the analyst consensus estimate. This is a 24.32 percent increase over earnings of $0.74 per share from the same period last year. The company reported quarterly sales of $21.07 billion which missed the analyst consensus estimate of $21.64 billion by 2.62 percent. This is a 11.34 percent decrease over sales of $23.77 billion the same period last year.

Earnings

Earnings Misses

Petrobras Brasileiro Q1 EPS $0.92, Inline, Sales $21.07B Miss $21.64B Estimate

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Earnings Scheduled For May 13, 2025

Shares of energy stocks are trading lower amid a drop in the price of oil. Oil fell on reports suggesting OPEC+ agreed to production increases in June.

In the current market session, Petrobras Brasileiro Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) price is at $11.58, after a 0.96% spike. However, over the past month, the stock fell by 20.57%, and in the past year, by 32.96%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1745517620_0.png" alt="Past Year Chart" />

<h3>Petrobras Brasileiro P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 30.66 in the Oil, Gas &amp; Consumable Fuels industry, Petrobras Brasileiro Inc. has a lower P/E ratio of 9.89. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1745517620_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

P/E Ratio Insights for Petrobras Brasileiro

HESM

Shares of energy stocks are trading higher as the price of oil rises. Oil has gained amid overall market strength following US Treasury Secretary Scott Bessent's reported remarks about trade de-escalation with China. Recent Iran sanctions may also be driving supply uncertainty.

Shares of energy stocks are trading lower as oil falls amid US-Iran talks.

Press Releases

SLB OneSubsea awarded major contract by Petrobras for two ultra-deepwater projects offshore Brazil

Commodities

PETROBRAS ANNOUNCES OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND COMMENCEMENT OF CASH TENDER OFFERS

PETROBRAS ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF CASH TENDER OFFERS

Offerings

PETROBRAS ANNOUNCES CLOSING OF OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND FINAL RESULTS AND SETTLEMENT OF CASH TENDER OFFERS

SLB Awarded Integrated Services Contract for All Petrobras' Offshore Fields in Brazil

Chevron

Ecopetrol S.A. American Depositary Shares

Ecopetrol

Equinor

Occidental Petroleum Corporation Common Stock

Occidental Petroleum

Petroleo Brasileiro S.A.- Petrobras Common Stock

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares

Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares)

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