Petroleo Brasileiro SA Petrobras ADR

PBR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Petrobras Earnings: Capital Expenditure Returns to Normal, Supporting Payout Recovery

Allen Good

May 13, 2025

Petrobras' first-quarter results fell from a year ago on lower volumes and oil prices. After a spike in the fourth quarter to $5.7 billion, capital expenditure normalized in the first quarter to $4.1 billion, in line with full-year guidance, supporting a dividend increase.

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Petroleo Brasileiro SA Petrobras ADR

Petrobras Earnings: Capital Expenditure Returns to Normal, Supporting Payout Recovery

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