Petrobras Keeps Investment Focused on High Value Growth
Petrobras’ spending plans have stabilized in the latest iteration of its five-year plan, after peaking in earlier plans that included larger energy transition investments.
Petroleo Brasileiro SA Petrobras ADR PBR
Bulls Say, Bears Say
Bulls
Petrobras' spending remains focused on its prolific presalt position, which should drive attractive production growth over the next few years.
Bears
Government control implies financial or strategic decisions benefit the country but could harm shareholders. It also results in an incestuous relationship, as the past corruption scandal demonstrates.
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Citgo Corpus Christi, P66 Borger Refineries Report Issues Late Last Week — OPIS
Trading Information
- Previous Close Price
- $20.98
- Day Range
- $20.77–21.65
- 52-Week Range
- $11.43–22.24
- Bid/Ask
- $21.66 / $21.68
- Shares Outstanding
- 6.44B
- Market Cap
- $139.52B
- Volume/Avg
- 21M / 19M
Key Statistics
- Price/Earnings (Normalized)
- 4.62
- Price/Sales
- 1.30
- Dividend Yield (Trailing)
- 7.99%
- Dividend Yield (Forward)
- 7.99%
- Dividend Payment Schedule
- —
- Total Yield
- 7.99%
Company Profile
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on the exploration and production of oil and gas in Brazilian offshore fields. Production in 2025 was 3.0 million barrels of oil equivalent per day (80% oil), and reserves stood at 12.1 billion boe (84% oil). At the end of 2025, Petrobras operated 10 refineries in Brazil with a capacity of 1.8 million barrels per day and distributed refined products and natural gas throughout the country.
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Stock Style Box
- Large Value
- Total Number of Employees
- 50,687
- Website
- https://www.petrobras.com.br
Competitors
Valuation
|
Metric
|
PBR
|
CVX
|
XOM
|
|---|---|---|---|
Price/Earnings (Normalized) | 4.62 | 19.11 | 19.91 |
Price/Book Value | 1.46 | 2.14 | 2.60 |
Price/Sales | 1.30 | 1.96 | 1.92 |
Price/Cash Flow | 2.93 | 8.90 | 10.41 |
Price/Earnings
PBR
CVX
XOM
Financial Strength
|
Metric
|
PBR
|
CVX
|
XOM
|
|---|---|---|---|
Quick Ratio | 0.54 | 0.84 | 0.74 |
Current Ratio | 0.85 | 1.25 | 1.04 |
Interest Coverage | 9.57 | 22.46 | 59.52 |
Quick Ratio
PBR
CVX
XOM
Profitability
|
Metric
|
PBR
|
CVX
|
XOM
|
|---|---|---|---|
Return on Assets (Normalized) | 12.17% | 6.86% | 8.50% |
Return on Equity (Normalized) | 34.49% | 11.95% | 14.95% |
Return on Invested Capital (Normalized) | 20.21% | 10.05% | 12.72% |
Return on Assets
PBR
CVX
XOM
Oil & Gas Integrated Industry Comparables
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1-Day Chart
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United States