Petrobras

PBR

Market cap $81.6B

Petróleo Brasileiro S.A. - Petrobras ( PBR ) Discusses New Business Plan and Production Growth Outlook for 2026-2030 November 28, 2025 2:30 PM EST Company Participants Eduardo de Nardi Ros Magda de Regina Chambriard - CEO & Non-Independent Director Fernando Melgarejo - Chief Financial Officer & Chief Investor Relations Officer Renata Baruzzi - Chief Engineering, Technology, & Innovation Officer Sylvia Couto dos Anjos - Chief Exploration & Production Officer Angelica Garcia Laureano - Chief Energy Transition & Sustainability Officer and Member of Executive Board William da Silva - Chief Industrial Processes, Products Officer and Member of Executive Board Conference Call Participants Monique Greco - Itaú Corretora de Valores S.A.

Brazilian state-run oil firm Petrobras expects to maintain its oil production at some 2.6 million or 2.7 million barrels per day until 2034 after ramping up around 2027, Chief Executive Officer Magda Chambriard said on Friday.

From a technical perspective, Petrobras (PBR) is looking like an interesting pick, as it just reached a key level of support. PBR recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

PBR will reportedly trim its five-year spending plan as falling oil prices push it to boost efficiency and focus on higher-output assets.

Brazilian state-run oil firm Petrobras' five-year investment plan will see its first cut under President Luiz Inacio Lula da Silva's government due to lower oil prices, three sources familiar with the matter told Reuters.

Petrobras delivered record oil and gas output in Q3, with pre-salt production hitting all-time highs and FPSO Almirante Tamandaré operating above nominal capacity. Despite Brent falling $11 YoY, PBR's adjusted EBITDA reached $12 B, showing exceptional efficiency, scale advantages and resilient cash generation. Cash flow remained strong, net debt/EBITDA stayed at 1.0x, and dividends reached R$12.2 B, increasing 40% YoY.

PBR reportedly delays key Buzios' drilling contracts to 2026 as it navigates a shifting oil market and pushes for more cost-efficient offshore growth.

PBR boosts offshore capacity with P-84 and P-85 FPSOs as Sulzer supplies advanced pump systems for the Atapu and Sepia fields.

PBR's new Campos Basin find boosts its offshore momentum and adds a high-quality post-salt discovery to the deepwater portfolio.

PBR reportedly weighs trimming its 2026-2030 capex to $106 billion as weaker oil prices and political pressures shape its long-term strategy.