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 ye ...

Key Takeaways American Depositary Receipts (ADRs) of Petrobras (PBR) sank after the Brazilian government replaced the state-run oil giant's CEO Jean Paul Prates. The company announced in a press release that Prates would be stepping down after a meeting of the board to consider his "early termination." The Brazilian Ministry of Mines and Energy informed the company that Prates will be replaced by former energy regulator Magda Chambriard. Petrobras' Chief Financial and Investor Relations Officer Sergio Caeta ...

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' Q ...

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Q1 2024 Earnings Conference Call May 15, 2024 10:00 AM ET Company Participants Conference Call Participants Operator We have with us Carlos Travassos, Executive Engineering, Technology and Innovation Director; Clarice Coppetti, Executive Director of Corporate Affairs; Claudio Schlosser, Executive Director for Logistics, Trade and Markets; Joelson Mendes, Executive Director for Production and Exploration; Mario Spinelli, Executive Director for Governance and Co ...

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 ...

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of April, 2024 Washington, D.C. 20549 FORM 6-K Commission File Number 1-15106 PETRÓLEO BRASILEIRO S.A. – PETROBRAS (Exact name of registrant as specified in its charter) Brazilian Petroleum Corporation – PETROBRAS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Rio de Janeiro, April 11, 2024 – Petróleo Brasileiro S.A. – Petrobras informs that, on April 11, 2024, a precautionary decision w ...

BR PETROBRAS Annual Report and Form 20-F 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2023 Commission File Number 001-15106 Petróleo Brasileiro S.A. — Petrobras (Exact name of registrant as specified in its charter) Brazilian Petroleum Corporation — Petrobras (Translation of registrant's name into English) The Federative Republic of Brazil D5 ( ...

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Q4 2023 Earnings Conference Call March 8, 2024 9:30 AM ET Company Participants Jean Paul Prates - President Clarice Coppetti - Corporate Affairs Sergio Caetano Leite - Financial and IR Director Mario Spinelli - Governance and Compliance Director Mauricio Tolmasquim - Energy Transition and Sustainability Director Joelson Mendes - Exploration and Production Director William Franca - Industrial Processes and Products Claudio Schlosser - Logistics, Trade and Marke ...

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Q3 2023 Earnings Call Transcript November 10, 2023 8:30 AM ET Sergio Caetano Leite - Chief Finance and Investor Relations Officer Carlos Travassos - Chief Engineering, Technology and Innovation Officer William Franca - Chief Industrial Processes and Products Officer Operator Company Participants Jean Paul Prates - Chief Executive Officer Ana Paula Zettel - Executive Director for Partnerships and Exploration and Production Processes Mauricio Tolmasquim - Chief ...