Petrobras Class A

PBR.A

Market cap $101B

Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras on its possible return to exploration and production in the country, while the ​company is also willing to help restructure state energy firm YPFB, Energy Minister ‌Marcelo Blanco said on Thursday.

Brazilian ​state-run oil firm Petrobras ‌signed an agreement with regulator ANP committing to bring 335 temporarily ​abandoned offshore wells into compliance with ​safety and environmental rules, ⁠both parties said in ​separate statements on Tuesday.

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Oil prices appear to have settled into a ​range of $72 to $75 a barrel, although the market has yet ‌to fully normalize and the conflict in the Middle East continues to create uncertainty, the chief executive officer of Brazil's state-run oil firm Petrobras told Reuters.

Petrobras offers a compelling long-term investment case, underpinned by robust asset quality and aggressive production ramp-up. PBR is investing $20 billion annually, targeting 675,000 barrels/day of new capacity through FPSOs, with no forecasted increase in debt. Double-digit FCF yield supports a sustainable 7% dividend, as PBR prioritizes dividends over buybacks while maintaining declining leverage.

Brazil's Petrobras ​is going ‌to sign memorandums of understanding ​on Tuesday ​with Mexico's Pemex [RIC:RIC:PEMX.UL] for technical ⁠and strategic ​cooperation on ​oil and gas projects, Petrobras said ​in a ​statement on Monday.

The board of ​Brazilian state-run oil company ‌Petrobras has approved a $1.2 billion investment to develop a ​plant for renewable jet ​fuel, known as bioQAV, ⁠and renewable diesel, the ​company said in a securities ​filing on Friday.

Brazil's state-run oil ​firm Petrobras said ‌on Wednesday it has produced and sold ​its first batch ​of sustainable aviation fuel (SAF) ⁠made from ​soybean oil sourced from ​Bunge and certified under the CORSIA low ILUC ​risk standard, ​in what it said was ‌a ⁠global first.

Brazil's state-run oil firm ​Petrobras said on ‌Wednesday it has entered into a deal ​with Equinor Brasil ​to acquire a 50% ⁠stake in the ​Itaimbezinho block in the ​offshore Campos Basin.

Petrobras and Ecopetrol have outperformed the broader energy sector over the past year, and technical indicators suggest both stocks may have further gains ahead.