Petrobras Class A

PBR.A

Market cap $116B

Brazil's state-run ‌oil firm Petrobras ​wants ​two production wells built ⁠by ​2030 at ​a still-unnamed new discovery at ​the ​Aram block in ‌Santos ⁠basin, Chief Executive Magda Chambriard ​said ​during ⁠a press ​conference on ​Friday.

Petroleo Brasileiro S.A.- Petrobras NYSE: PBR reported higher production, stronger refinery utilization and continued investment in upstream projects during the first quarter of 2026, while executives said the company is monitoring fuel-price volatility and prioritizing capital discipline.

Brazil's Petrobras will send representatives to Mexico to explore ​new business opportunities as it eyes a potential partnership with ‌fellow state-run oil firm Pemex (PEMX.UL), CEO Magda Chambriard said on Tuesday.

Brazilian state-run ​oil firm Petrobras ‌said on Monday its ​board of ​directors approved the payment ⁠of 9.03 ​billion reais ($1.85 billion) ​in interest on equity to shareholders, ​or about ​0.70 real per share.

Brazilian state-run ‌oil firm Petrobras ​on ​Monday posted a ⁠net ​profit ​of 32.66 billion reais ($6.68 ​billion) ​for the first ‌quarter, ⁠down 7.2% from a ​year ​earlier ⁠and missing ​market ​estimates.

LUXEMBOURG--(BUSINESS WIRE)--SES, a leading space solutions company, will provide service on its high-capacity medium-Earth orbit (MEO) satellite network, O3b mPOWER, to Petrobras, the Brazilian state-owned oil company, to connect multiple new Floating Production, Storage and Offloading systems (FPSOs). The projects will go into operation in the coming years, expanding Petrobras' oil and gas production capacity to meet national energy needs and contribute to global oil markets. FPSOs are modern.

Brazilian state-run oil company Petrobras has ​hiked the price of ‌natural gas sold to distributors by 19.2% starting May 1, ​it said on Saturday, ​marking the latest in a ⁠series of energy price ​increases related to the U.S.-Israeli ​war on Iran.

Mexican ​President Claudia Sheinbaum said on ‌Thursday she expects state oil firm Pemex (PEMX.UL) and its Brazilian counterpart Petrobras ​to reach an agreement, ​after Brazil's president pitched a partnership ⁠earlier this year.

Shareholders ​from Brazilian ‌petrochemical firm elected on ​Wednesday a ​new board of ⁠directors, which ​included Magda ​Chambriard, chief executive at state-run ​oil company ​Petrobras , as chair, ‌local ⁠newspaper Folha de S. Paulo said, ​citing ​sources.

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