Petroleo Brasileiro SA Petrobras ADR
PBR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.l< | LOCK|!$ | LOCK|X>!@#S! |
Petrobras Earnings: Higher Prices, Higher Production Lead to Strong Results and Larger Payout
Petrobras' second-quarter earnings soared compared with the year before, largely on higher oil prices and record oil production, further capitalizing on the high-price environment. Debt was steady, but management still nearly doubled the dividend from first-quarter levels.
