In the latest trading session, Petrobras (PBR - Free Report) closed at $18.77, marking a -1.21% move from the previous day. This change lagged the S&P 500's 0.05% gain on the day. Meanwhile, the Dow experienced a rise of 0.46%, and the technology-dominated Nasdaq saw a decrease of 0.64%.
The oil and gas company's shares have seen an increase of 15.01% over the last month, surpassing the Oils-Energy sector's gain of 6.52% and the S&P 500's gain of 0.61%.
The investment community will be paying close attention to the earnings performance of Petrobras in its upcoming release. The company is slated to reveal its earnings on August 6, 2026. In that report, analysts expect Petrobras to post earnings of $1.35 per share. This would mark year-over-year growth of 110.94%. Meanwhile, our latest consensus estimate is calling for revenue of $33.44 billion, up 58.94% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.28 per share and revenue of $116.34 billion, indicating changes of +52.86% and +30.44%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 9.33% downward. Petrobras is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Petrobras's current valuation metrics, including its Forward P/E ratio of 4.44. This signifies a discount in comparison to the average Forward P/E of 8.99 for its industry.
Meanwhile, PBR's PEG ratio is currently 0.84. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. PBR's industry had an average PEG ratio of 0.67 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 235, placing it within the bottom 5% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Petrobras zadala SBM Offshore zakázky na dvě FPSO jednotky SEAP-I a SEAP-II v pánvi Sergipe-Alagoas. Každá má těžit až 120 000 barelů ropy denně, dodání je plánováno na roky 2030 a 2031.
Key Takeaways Petrobras awarded SBM Offshore contracts for SEAP-I and SEAP-II FPSOs in the Sergipe-Alagoas Basin.PBR's two FPSOs will each produce 120,000 barrels of oil per day, with delivery planned for 2030 and 2031.SBM Offshore will build and operate the FPSOs using its Fast4Ward platform to streamline execution. Petrobras (PBR - Free Report) is advancing Brazil’s offshore energy expansion with the award of contracts to SBM Offshore for two new Floating Production, Storage and Offloading (“FPSO”) units in the Sergipe-Alagoas Basin, according to ShippingTelegraph. The SEAP-I (P-81) and SEAP-II (P-87) projects are expected to play a key role in developing deepwater oil and gas resources and enhancing the country’s offshore production capabilities.
The agreement reinforces the long-standing relationship between Petrobras and SBM Offshore, combining the Brazilian energy company’s ambitious offshore development strategy with the contractor’s expertise in designing and operating large-scale FPSOs.
SBM Offshore to Design, Build and Operate Both FPSOsUnder the contracts, SBM Offshore will oversee the engineering, construction and operation of the two production vessels. While the Petrobras-led consortia will own the FPSOs, SBM Offshore will manage their operations and maintenance under separate agreements spanning an initial period of 6.5 years.
This model allows Petrobras to focus on field development while relying on an experienced offshore specialist to ensure efficient day-to-day operations. It also highlights the industry's growing preference for partnerships that combine technical innovation with long-term operational support.
Fast4Ward Platform to Streamline Project ExecutionA defining feature of both projects is the use of SBM Offshore’s Fast4Ward program, which introduces standardized hull designs to simplify construction and reduce project timelines.
The company will deploy its 11th and 12th multipurpose new-build hulls for the SEAP-I and SEAP-II units, respectively. By using a proven design platform, engineering teams can focus on integrating field-specific processing systems without starting every project from scratch.
This standardized approach has become increasingly valuable as offshore developments move into deeper waters and require more sophisticated production facilities. Key benefits of the Fast4Ward concept include accelerated project execution, greater reliability and more efficient construction schedules.
SEAP-II Will Prioritize High-Capacity Gas ProcessingThe first vessel scheduled for delivery is SEAP-II (P-87), which is expected to enter service in 2030.
Designed to produce up to 120,000 barrels of oil per day, the FPSO will also feature an associated gas treatment capacity of 425 million standard cubic feet per day and a water injection system capable of handling 120,000 barrels per day.
The unit will operate approximately 80 kilometers offshore in water depths of around 2,500 meters, demonstrating the advanced engineering required for Brazil’s ultra-deepwater developments.
Its robust gas processing capability reflects Petrobras’ broader strategy of maximizing natural gas recovery alongside crude oil production, helping supply additional gas to regional markets.
SEAP-I Focuses on Long-Term Reservoir PerformanceThe second production vessel, SEAP-I (P-81), is scheduled for delivery in 2031 and will be deployed roughly 100 kilometers from Brazil’s coastline in similarly deep waters.
Like its sister vessel, it will produce 120,000 barrels of oil per day, but the design places greater emphasis on reservoir support through an enhanced 200,000 barrels per day water injection capacity. It will also process 355 million standard cubic feet of associated gas per day, ensuring efficient resource utilization throughout the project's operational life.
The complementary design of the two FPSOs allows Petrobras to optimize production across different field conditions while maintaining operational flexibility.
Why the Sergipe-Alagoas Basin MattersAlthough Brazil’s pre-salt fields often receive the most attention, the Sergipe-Alagoas Basin has steadily emerged as one of the country’s most promising offshore regions.
Located off Brazil’s northeastern coast, the basin offers significant untapped hydrocarbon potential that can diversify national production and support energy demand. Petrobras' continued investment in SEAP-I and SEAP-II reinforces its commitment to advancing offshore resource development beyond the legacy producing assets.
The projects are also expected to contribute to regional economic activity by creating opportunities across engineering, marine services, logistics and offshore support industries during both construction and operational phases.
Partnership Built on Offshore ExpertiseThe latest awards further strengthen the collaboration between Petrobras and SBM Offshore, which has delivered numerous FPSO projects for Brazil over the years.
Commenting on the announcement, SBM Offshore chief executive officer Øivind Tangen said the contracts reaffirm its long-term partnership with Petrobras. Tangen noted that the advanced gas treatment systems required for these developments align with SBM Offshore’s technical expertise and will help increase gas availability in northeastern Brazil.
The continued collaboration reflects the confidence both companies place in proven engineering solutions for increasingly complex offshore environments.
Supporting Brazil’s Next Phase of Offshore GrowthThe SEAP-I and SEAP-II developments illustrate how Brazil continues to invest in modern offshore infrastructure capable of supporting future production while improving operational efficiency.
As energy companies place greater emphasis on maximizing resource recovery and reducing environmental impact, advanced FPSOs have become central to offshore development strategies. Their ability to process oil and gas directly at sea reduces the need for extensive fixed infrastructure and enables production from remote deepwater reservoirs that would otherwise remain uneconomical.
For Petrobras, these projects represent another step toward expanding production capacity while strengthening domestic gas supply. For SBM Offshore, they reinforce its position as one of the industry's leading FPSO providers, with a proven track record of delivering complex offshore solutions.
With construction set to begin in the coming years and deliveries targeted for 2030 and 2031, the two FPSOs are poised to become important assets in Brazil’s evolving offshore energy landscape, supporting production growth and reinforcing the country's position as one of the world's leading deepwater oil and gas producers.
PBR's Zacks Rank & Key PicksCurrently, PBR has a Zacks Rank #5 (Strong Sell).
Investors interested in the energy sector might consider some better-ranked stocks, such as Par Pacific (PARR - Free Report) , Cheniere Energy (LNG - Free Report) , both sporting a Zacks Rank #1 (Strong Buy), and Delek US Holdings (DK - Free Report) , carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Par Pacific is valued at 3.82 billion. It is a diversified energy company that owns and operates petroleum refineries, logistics assets and retail fuel businesses across the United States. Par Pacific focuses on refining, transporting and marketing fuel products while serving regional markets with reliable energy solutions.
Cheniere Energy is valued at $55.03 billion. It is a leading U.S. producer and exporter of liquefied natural gas (“LNG”), supplying energy to customers across more than 40 international markets. Cheniere Energy operates major LNG export terminals in Louisiana and Texas and focuses on providing reliable, lower-carbon energy solutions
Delek US Holdings is valued at $3.88 billion. It is a diversified downstream energy company engaged in petroleum refining, renewable fuels, asphalt production and logistics operations. Delek US Holdings operates multiple refineries in the United States and is committed to delivering safe, reliable energy while investing in cleaner energy initiatives.
Petrobras dokončila převzetí Block 3 u São Tomé a Príncipe a stala se operátorem s 75% podílem. V oblasti chce vést seismické studie a další průzkum kvůli dlouhodobému růstu zásob.
Key Takeaways Petrobras completed the Block 3 deal and became the operator with a 75% participating interest.PBR will lead seismic studies, geological analysis and future exploration planning for Block 3.Petrobras sees Block 3 as part of its strategy to pursue long-term reserve growth internationally. Petrobras (PBR - Free Report) has officially completed the acquisition of the interest in operatorship of Block 3, an offshore exploration block located in the waters of São Tomé and Príncipe, Africa. The transaction marks another strategic milestone in the company's international exploration efforts, reinforcing its commitment to identifying high-potential oil and gas opportunities beyond Brazil.
With the acquisition finalized, Petrobras strengthens its role in one of West Africa's emerging exploration regions. The company will be able to evaluate new hydrocarbon prospects through its extensive offshore expertise. The development aligns with the company's broader objective of securing future energy resources and maintaining a balanced exploration portfolio.
Petrobras Takes Control of the Block 3 ConsortiumThe completion of the transaction results in a new consortium structure for Block 3. Brazil's largest oil and gas company has assumed the role of operator and now holds a 75% participating interest, giving it responsibility for managing all exploration activities and future operational decisions.
The remaining ownership is shared between Oranto, which holds a 15% stake, and the National Petroleum Agency of São Tomé and Príncipe, which retains the remaining 10% interest. This partnership combines Petrobras' technical capabilities with regional participation, creating a collaborative framework for advancing exploration in the offshore block.
As operator, Petrobras will oversee exploration planning, geological studies, seismic interpretation, environmental management and any future drilling programs undertaken within the concession area.
Why Block 3 Matters in West Africa's Energy LandscapeThe offshore basin surrounding São Tomé and Príncipe has attracted increasing attention from international energy companies over the past several years. Located within the Gulf of Guinea, the region shares geological characteristics with neighboring offshore provinces that have produced significant oil discoveries.
Although exploration activity remains at an earlier stage than in more established African producing regions, the basin offers considerable upside potential. Modern seismic technology and improved geological understanding continue to increase confidence in identifying commercially viable hydrocarbon systems across the area.
For Petrobras, entering Block 3 provides exposure to a frontier basin where successful exploration could unlock substantial long-term opportunities.
Leveraging Petrobras' Offshore Exploration ExpertisePetrobras has built a global reputation for developing complex offshore oil and gas projects, particularly in deepwater and ultra-deepwater environments. Decades of technological innovation have enabled the company to become one of the industry's leaders in offshore exploration and production.
Its experience includes advanced seismic imaging, reservoir evaluation, subsea engineering, floating production systems and high-efficiency drilling operations. These capabilities will play an important role in assessing the geological potential of Block 3.
The company's technical knowledge also supports efficient project planning by integrating geological interpretation with operational execution, helping reduce uncertainty during the exploration phase.
Supporting Reserve Growth Through International ExplorationMaintaining a healthy reserve base is essential for any integrated energy company seeking sustainable production over the coming decades. As producing fields mature, replacing reserves through new discoveries becomes increasingly important.
The Block 3 acquisition contributes to Petrobras' strategy of pursuing exploration opportunities capable of supporting future reserve additions. Rather than relying solely on existing producing assets, the company continues to evaluate frontier regions that offer meaningful long-term potential.
International projects complement Petrobras' domestic portfolio by providing access to diverse geological environments and expanding its inventory of exploration opportunities.
Expanding Petrobras' Global FootprintAlthough Brazil remains Petrobras' primary operating market, selective international expansion allows it to apply technical expertise in promising offshore regions around the world.
Africa continues to present attractive exploration opportunities due to its diverse geological basins and growing investment interest. By increasing its presence in São Tomé and Príncipe, Petrobras strengthens international portfolio while gaining access to an area with significant exploration potential.
This measured expansion strategy enables the company to diversify its asset base without compromising the disciplined investment philosophy.
What Comes Next for Block 3With the acquisition complete, Petrobras is expected to begin detailed technical evaluations of Block 3. The next phases will likely include seismic data interpretation, geological modeling, prospect identification and exploration planning aimed at determining the block's commercial potential.
If exploration results prove encouraging, future activities could progress toward exploratory drilling and resource appraisal. Each stage will be supported by technical analysis designed to improve understanding of the basin and identify prospects with the highest probability of success.
The timeline for these activities will depend on regulatory approvals, operational planning and exploration findings.
Petrobras Reinforces Its Long-Term Growth StrategyThe completion of the Block 3 acquisition represents more than an ownership transaction — this reflects Petrobras' continued commitment to expanding its exploration opportunities through carefully selected international investments. By becoming the operator with a 75% interest, the company gains greater control over exploration activities in one of Africa's promising offshore regions while leveraging decades of offshore expertise.
As Petrobras advances technical studies and exploration planning, Block 3 has the potential to become an important component of the company's future reserve growth strategy. Combined with its strong operational capabilities, disciplined investment approach and collaborative partnerships, this acquisition further strengthens Petrobras' position as a leading global offshore energy company focused on sustainable long-term development.
PBR's Zacks Rank & Key PicksCurrently, PBR has a Zacks Rank #5 (Strong Sell).
Investors interested in the energy sector might consider some better-ranked stocks, such as Par Pacific (PARR - Free Report) , Paramount Resources (PRMRF - Free Report) , both sporting a Zacks Rank #1 (Strong Buy), and Cenovus Energy (CVE - Free Report) , carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Par Pacific is valued at 3.3 billion. It is an energy company that owns and operates refining, logistics and retail assets. Par Pacific operates across Hawaii, the Pacific Northwest and the Rocky Mountain region.
Paramount Resources is valued at $2.9 billion. It is a Canadian energy producer focused on the exploration, development and production of natural gas, crude oil and natural gas liquids. Paramount Resources operates in Western Canada.
Cenovus Energy is valued at $49.12 billion. It is an integrated Canadian energy company engaged in oil sands production, conventional oil and natural gas development, refining and downstream operations. Cenovus Energy operates across North America.
Bolívie příští týden zahájí technické rozhovory s Petrobras o možném návratu do průzkumu a těžby ropy a plynu. Brazílie by zároveň mohla pomoci s restrukturalizací státní energetické firmy YPFB.
A view shows the logo of Brazilian state-run oil firm Petrobras in Rio de Janeiro, Brazil June 5, 2025. REUTERS/Ricardo Moraes Purchase Licensing Rights, opens new tab
CompaniesLA PAZ, July 9 (Reuters) - Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras (PETR3.SA), opens new tab 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.
The government of President Rodrigo Paz is looking to reopen Bolivia to energy investment and revive trade with key partners such as Brazil after years of declining gas output helped drain hard-currency reserves and turn a former energy exporter into a country hit by recurring fuel shortages.
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"The goal is for them to produce again, to operate here in Bolivia, to explore, and to have a strategic partnership," Blanco told reporters, adding that Petrobras was open to supporting YPFB's restructuring with its past crisis-management experience.
Blanco said the two sides agreed after a meeting on Wednesday to set up technical working groups starting next week to evaluate Petrobras' renewed participation across the sector.
He did not provide investment figures or a timeline.
"I am not going to give figures. I will not be irresponsible. I never give amounts or exact dates," Blanco said, adding that Bolivia was also seeking to work with other investors interested in the country.
YPFB President Sebastian Daroca also said a firm was expected to submit its final report next week on Bolivia's oil and gas reserves through the end of last year.
He said the government planned to use the figures to discuss how it could boost output in coming years.
The report is being closely watched by analysts and industry groups because Bolivia has faced longstanding criticism over delays in publishing updated reserve data, leaving uncertainty over the size of the country's remaining oil and gas resources.
Petrobras halted investments in Bolivia after former President Evo Morales nationalized the sector in 2006. Still, the Brazilian company has not been completely absent from Bolivian gas business, as it has been authorized to import Bolivian natural gas into Brazil through border entry points between the two countries.
In March, Paz said Bolivia wanted to restart its relationship with Petrobras under new and clearer energy regulations designed to lure foreign capital back to the country after more than a decade of declining gas output.
Reporting by Daniel Ramos; Writing by Michael Susin in Barcelona; Editing by Aida Pelaez-Fernandez and Kylie Madry
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Petrobras uzavřela s regulátorem ANP dohodu v hodnotě 300 milionů reais, aby uvedla 335 dočasně opuštěných offshore vrtů do souladu s bezpečnostními a ekologickými pravidly. Na splnění má čas do konce roku 2030; 233 vrtů už je v souladu.
A view shows the logo of Brazilian state-run oil firm Petrobras in Rio de Janeiro, Brazil June 5, 2025. REUTERS/Ricardo Moraes Purchase Licensing Rights, opens new tab
CompaniesRIO DE JANEIRO, July 7 (Reuters) - Brazilian state-run oil firm Petrobras (PETR3.SA), opens new tab 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.
Under the signed agreement, Petrobras will pay 300 million reais ($58.3 million) to ANP, and has until the end of 2030 to comply with the rules.
The agreement is a result of negotiations between the oil regulator and Petrobras.
Petrobras said it has already brought 233 of the 335 wells into compliance.
($1 = 5.1484 reais)
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Reporting by Marta Nogueira in Rio de Janeiro and Andre Romani in Sao Paulo; Editing by Kylie Madry
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Petrobras snížila oficiální cenu nafty o 0,3515 realu za litr, ale zároveň zrušila stejnou dočasnou slevu. Distribuční cena tak zůstává v průměru na 3,30 realu za litr.
Key Takeaways Petrobras cut its diesel price while ending an equal temporary discount, keeping costs steady.PBR distributors will continue paying an average of 3.30 reais per liter despite the pricing revision.Petrobras updated its pricing structure as Brazil begins reducing its diesel subsidy from July. Petrobras (PBR - Free Report) has reportedly introduced a new diesel pricing adjustment that reshapes its pricing structure without changing the amount distributors ultimately pay, according to Reuters. Effective from July 1, the Brazilian state-run integrated oil and gas company reduced its diesel price to distributors while ending a temporary discount of the same value. The decision reflects Petrobras’ response to evolving market conditions and comes as Brazil begins scaling back government fuel support measures introduced earlier this year.
Although the announcement includes a price reduction, the simultaneous withdrawal of the discount means the effective average price remains stable. We view this move as part of Petrobras’ broader effort to maintain consistency in the domestic fuel market while aligning its pricing with current economic conditions.
Petrobras Revises Official Diesel PricingPetrobras confirmed that the official diesel price charged to distributors will decrease 0.3515 reais per liter, as per the news. The adjustment follows the company's regular review of domestic fuel prices, which considers movements in international crude oil markets and refined petroleum products.
Rather than introducing a direct reduction in distributor costs, Petrobras paired the price cut with the suspension of a temporary promotional discount that carried the same value. This approach allows the company to update its pricing framework while preserving price stability across the distribution network.
Distributor Prices Remain UnchangedDespite the reduction in the listed diesel price, distributors will continue paying an average of 3.30 reais per liter. The matching withdrawal of the temporary discount offsets the official price cut entirely, resulting in no immediate financial impact for fuel distributors.
Maintaining the same effective price helps avoid sudden disruptions for companies that depend on predictable fuel costs. Freight operators, logistics providers and wholesale fuel buyers can continue planning their operations without adjusting for unexpected price fluctuations.
Petrobras Responds to Changing Energy MarketsThe latest pricing decision demonstrates Petrobras’ continued focus on adapting to market developments. Global oil prices, refined fuel values and domestic market conditions have shifted throughout the year, requiring ongoing evaluations of fuel pricing strategies.
Instead of making abrupt pricing changes, Petrobras has chosen to restructure its pricing mechanism in a way that reflects market realities while ensuring continuity for customers. This balanced approach supports greater transparency and strengthens confidence among market participants.
Brazil Begins Reducing Fuel SubsidiesThe announcement coincides with a policy change from the Brazilian government, which confirmed that a 0.35 reais per liter diesel subsidy will be reduced starting in July. The subsidy formed part of a broader package of measures designed to protect consumers and businesses during periods of elevated global energy prices.
As international oil markets become more stable, authorities are gradually withdrawing emergency financial support. This marks an important step toward restoring market-based pricing while easing pressure on public finances.
Transportation Sector Watches Pricing DevelopmentsDiesel is essential to Brazil's transportation infrastructure, making every pricing decision closely watched by the logistics industry. Trucking companies move the majority of agricultural products, industrial materials and consumer goods across the country, making fuel expenses one of their highest operating costs.
Because Petrobras has maintained the effective distributor price, businesses that rely on diesel-powered fleets are unlikely to experience immediate changes in operating expenses. Stable wholesale pricing also helps reduce uncertainty across supply chains that depend on efficient freight transportation.
Energy Market Trends Continue to Shape DecisionsPetrobras continues to base its pricing strategy on commercial and market fundamentals. International crude oil benchmarks, currency exchange rates, refinery economics and regional fuel demand all influence the company's pricing decisions.
As these factors continue to evolve, Petrobras is expected to monitor market conditions closely before implementing future adjustments. This flexible approach enables the company to respond efficiently to changing economic circumstances while supporting a reliable domestic fuel supply.
Broader Economic ImplicationsFuel pricing affects far more than the energy sector alone. Stable diesel costs contribute to predictable transportation expenses, helping businesses manage budgets and maintain competitive pricing for goods and services.
Agriculture, manufacturing, mining, construction and retail industries all benefit when fuel prices remain relatively stable. By avoiding sudden changes in distributor pricing, Petrobras helps support economic continuity for sectors that depend heavily on road transportation.
At the same time, the gradual reduction of government subsidies signals a transition toward a more market-driven environment, where future price movements will depend increasingly on supply, demand and global energy trends.
Outlook for Brazil's Fuel MarketLooking ahead, Brazil's diesel market will continue responding to international oil prices, exchange rate movements, domestic refining capacity and government policy decisions. Petrobras remains central to this process, with its pricing decisions serving as an important indicator of broader developments in the country's energy sector.
The latest adjustment demonstrates the company's commitment to balancing commercial objectives with market stability. While the official diesel price has been reduced, the suspension of the temporary discount ensures continuity for distributors and minimizes disruption across the fuel supply chain.
As Brazil continues refining its energy policies and reducing temporary support measures, Petrobras is expected to remain focused on maintaining a transparent pricing strategy that reflects market conditions while supporting long-term stability for businesses and consumers alike.
PBR's Zacks Rank & Key PicksCurrently, PBR has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like Liberty Energy (LBRT - Free Report) , Paramount Resources (PRMRF - Free Report) and Delek US Holdings (DK - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Liberty Energy is valued at $4.27 billion. It is a leading U.S. oilfield services company that provides hydraulic fracturing and advanced well completion solutions for oil and natural gas producers. Liberty Energy stock has gained approximately 103.8% over the past year.
Paramount Resources is valued at $2.79 billion. It is a Canadian energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids. Paramount Resources stock has delivered a 18.2% total return over the past year.
Delek US is valued at $3.11 billion. It is a U.S.-based downstream energy company that focuses on refining crude oil and distributing petroleum products. Headquartered in Brentwood, TN, Delek US operates through two main segments: refining and logistics. DK stock has risen approximately 144.4% over the past year.
Petrobras a Finep spouštějí program za R$150 milionů na vývoj průmyslových elektrolyzérů pro výrobu čistého vodíku. Projekt musí zapojit konsorcia firem a výzkumných institucí a mít alespoň 50 % domácího podílu na hodnotě zařízení.
Key Takeaways Petrobras and Finep will fund a R$150 million program to develop industrial-scale electrolyzer technology.PBR-backed project requires industry-research consortia and at least 50% domestic equipment value.Petrobras says the initiative supports Brazil's hydrogen value chain and clean-energy competitiveness. Petrobras (PBR - Free Report) has partnered with Finep to launch a R$150 million program aimed at accelerating the development of domestic electrolyzer technology and strengthening Brazil’s position in the low-carbon hydrogen economy, according to chemanalyst. The initiative will support the creation of industrial-scale electrolyzers designed to produce clean hydrogen, which is increasingly viewed as a critical input for reducing emissions in energy-intensive industries.
During the signing of a cooperation agreement between the two organizations, the declaration was made at Petrobras’ headquarters in Rio de Janeiro. The event underscored the strategic importance of hydrogen within Brazil’s industrial and environmental agenda, bringing together government officials, industry leaders and innovation stakeholders focused on advancing sustainable development.
Closing Brazil’s Electrolyzer Technology GapDespite its strong renewable energy base, Brazil’s electrolyzer manufacturing sector remains at an early stage of development. Only a small number of companies operate in this space and none currently produce electrolyzer stacks, the central component responsible for hydrogen generation through water electrolysis.
This technological gap has limited the development of a fully integrated domestic hydrogen value chain. The new Petrobras-Finep initiative is intended to address this challenge by encouraging local development of advanced electrolyzer systems. The goal is to strengthen domestic expertise, reduce dependence on imported technologies and improve Brazil’s competitiveness in the global clean-energy market.
Collaborative Structure and Innovation RequirementsThe program will be executed through a public call for proposals targeting a single large-scale strategic project. Selected participants must form collaborative consortia that combine industrial capabilities with scientific research, including at least three technology-focused companies and one Science and Technology Institution.
Projects may build on existing technological foundations but must demonstrate clear advancements over current international electrolyzer systems. Improvements in efficiency, performance or cost-effectiveness will be key evaluation criteria. In addition, at least 50% of the value of the equipment developed must originate domestically, reinforcing Brazil’s industrial base.
Full Funding for End-to-End DevelopmentThe initiative will be financed with R$150 million in non-repayable funding, split equally between Petrobras and Finep, with additional contributions expected from participating companies.
The selected project will cover the full development cycle, including engineering design, component development, system integration, testing and the construction of a pre-commercial prototype. This end-to-end structure is intended to ensure that laboratory innovations progress toward real-world industrial applications.
Expanding Demand for Low-Carbon HydrogenHydrogen produced via electrolysis is gaining momentum as industries seek cleaner alternatives to fossil-fuel-based production methods. When powered by renewable electricity, it offers a significantly lower-carbon pathway for hydrogen generation.
In the steel industry, hydrogen can replace carbon-intensive inputs used in production processes, helping reduce emissions. The refining sector, which relies heavily on hydrogen for operational processes, stands to benefit from cleaner supply options without major disruptions. Chemical producers, which use hydrogen as a key feedstock for products such as ammonia and methanol, also represent a major area of demand for low-carbon hydrogen solutions.
Strengthening Brazil’s Innovation EcosystemBeyond its industrial goals, the initiative is expected to strengthen Brazil’s broader innovation ecosystem. By requiring collaboration between companies and research institutions, it promotes knowledge transfer and encourages the commercialization of scientific research.
It is also expected to increase demand for highly skilled professionals in areas such as advanced engineering, materials science, automation, energy systems and industrial design, contributing to the development of a more advanced industrial workforce.
Long-Term Impact on the Chemical SectorThe development of domestic electrolyzer technology could have important implications for Brazil’s chemical industry. As production costs decline and technology matures, low-carbon hydrogen may become more widely available for industrial use.
This could improve the economics of sustainable chemical production, reduce emissions across supply chains and encourage investment in new facilities designed around cleaner feedstocks such as hydrogen-based processes.
Alignment With Brazil’s Energy Transition StrategyThe initiative aligns with broader national efforts to expand industrial capabilities and accelerate the energy transition. Petrobras has committed approximately $4 billion to research, development and innovation under its 2026-2030 business plan, while Finep has invested more than R$12.5 billion in green transition projects between 2023 and 2025.
These investments reflect a long-term strategy focused on building domestic technological capacity and positioning Brazil as a competitive player in emerging clean-energy markets.
ConclusionOverall, the R$150 million Petrobras-Finep electrolyzer program represents a significant step toward closing key technological gaps in Brazil’s hydrogen sector. By fostering collaboration, supporting domestic manufacturing and advancing industrial-scale innovation, the initiative positions the country to play a more active role in the global low-carbon hydrogen value chain while laying the foundation for a more competitive and sustainable industrial future.
PBR's Zacks Rank & Key PicksCurrently, PBR has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like Delek US Holdings (DK - Free Report) and Crescent Energy Company (CRGY - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) and Phillips 66 (PSX - Free Report) , carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Delek US is valued at $2.66 billion. It is a U.S.-based downstream energy company that focuses on refining crude oil and distributing petroleum products. Headquartered in Brentwood, TN, Delek US Holdings operates through two main segments: refining and logistics.
Crescent Energy Company is valued at $3.47 billion. It is an independent U.S. energy company engaged in the acquisition, exploration, development and production of crude oil, natural gas, and natural gas liquids. Crescent Energy operates primarily in the Eagle Ford, Permian and Uinta basins.
Phillips 66 is valued at $68.3 billion. It is a diversified energy company that refines crude oil, markets petroleum products, and operates midstream, chemicals, and renewable fuels businesses. Phillips 66 operates across the United States and internationally.
Petrobras chce do září obnovit výstavbu továrny na hnojiva UFN-III v Tres Lagoas, která má po dokončení stát 1 miliardu dolarů. Spuštění provozu plánuje na rok 2029.
A drone view shows the building of the Brazil's state-run oil company Petrobras, amid a workers strike, in Rio de Janeiro, Brazil December 19, 2025. REUTERS/Pilar Olivares/File Photo Purchase Licensing Rights, opens new tab
CompaniesRIO DE JANEIRO, June 18 (Reuters) - Brazil's state-run oil firm Petrobras (PETR3.SA), opens new tab plans to resume construction of a fertilizer plant in Mato Grosso do Sul state by September, in another move to reduce the country's dependence on imports, executive William Franca said on Thursday.
Construction of the UFN-III fertilizer plant in Tres Lagoas, which will cost $1 billion to finish, has been on hold since 2015.
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The company aims to begin operations in 2029, Franca, Petrobras' director of industrial processes and products, told Reuters.
The nitrogen fertilizer plant will have production capacity of 3,600 metric tons per day of urea and 2,200 tons per day of ammonia.
The Tres Lagoas location is considered strategic due to its proximity to major agribusiness consumer hubs such as the states of Mato Grosso, Mato Grosso do Sul, Goias, Parana and Sao Paulo.
The resumption is part of a broader Petrobras strategy to reduce Brazil's dependence on imported fertilizers. The company has reactivated other nitrogen fertilizer units in Parana, Bahia and Sergipe.
"This plant alone should reduce urea imports by 12%. With the other plants combined, that reduction could reach 35%," Franca said.
PRESSURE MAY EASE ON REFINERIESFollowing a U.S.-Iran interim agreement to end the war between the countries, pressure is likely to decrease on Petrobras' refining operations, which have run at high levels to minimize fuel imports.
The refineries are operating at around 101% of capacity, and are expected to remain at that level through June, Franca said. Petrobras increased processing during the war to cut the need for imports.
Under a more stable scenario, the company intends to resume scheduled maintenance shutdowns that had been postponed, Franca said, without providing details.
"It's not possible to stay above 100% all the time. We postponed some shutdowns because of the war, but we will mainly carry out some planned outages, especially in 2027, also due to regulatory requirements," he said.
Reporting by Rodrigo Viga Gaier; Writing by Fernando Cardoso; Editing by Mark Porter, Rod Nickel
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Petrobras schválila projekt za 1,2 mld. USD na výrobu bioQAV a obnovitelné nafty v rafinerii Presidente Bernardes. Výstavba má začít letos, komerční provoz je cílen na rok 2030 s kapacitou 15 000 barelů denně.
Key Takeaways Petrobras approved a $1.2B bioQAV and renewable diesel project at the Presidente Bernardes Refinery.PBR plans construction this year, with commercial operations targeted for 2030 and 15,000 bpd capacity.Petrobras included the project in its 2026-2030 Strategic Plan and approved final contracting to proceed. Petrobras (PBR - Free Report) has taken a significant step toward advancing sustainable energy production by approving a $1.2 billion investment to develop a state-of-the-art facility dedicated to the production of renewable jet fuel (bioQAV) and renewable diesel, according to Reuters. The project represents one of the most important renewable fuel initiatives in Latin America and reinforces Petrobras' commitment to balancing traditional energy operations with emerging low-carbon solutions.
The newly approved investment aligns with Petrobras' long-term strategic vision and positions it at the forefront of the growing global demand for cleaner transportation fuels. As governments, airlines and industries seek to reduce carbon emissions, renewable aviation and diesel fuels are becoming increasingly critical components of the worldwide energy transition.
New BioQAV and Renewable Diesel Plant Planned for Sao Paulo StateThe renewable fuel facility will be constructed at Petrobras' Presidente Bernardes Refinery in the state of São Paulo, one of the company's most important refining complexes. The location offers strategic advantages, including existing infrastructure, logistical connectivity and access to major domestic and international fuel markets.
According to company plans, construction is expected to begin during the current year, while commercial operations are scheduled to commence in 2030. Once operational, the plant will have the capacity to produce up to 15,000 barrels per day of renewable fuels, making it a major contributor to Brazil's sustainable fuel production capacity.
The project was already incorporated into Petrobras' 2026-2030 Strategic Plan, demonstrating that renewable energy investments remain a central component of its growth strategy.
Growing Demand for Renewable Jet Fuel Drives InvestmentThe aviation industry is under increasing pressure to reduce greenhouse gas emissions. Renewable jet fuel, commonly referred to as Sustainable Aviation Fuel (“SAF”) or bioQAV in Brazil, has emerged as one of the most promising solutions for decarbonizing air transportation.
Unlike conventional jet fuel derived solely from fossil sources, renewable jet fuel can significantly lower lifecycle carbon emissions while remaining compatible with existing aircraft engines and airport infrastructure. This compatibility allows airlines to reduce environmental impact without requiring major fleet modifications.
By investing heavily in bioQAV production, Petrobras is positioning itself to capitalize on rising global demand. International aviation organizations, regulators and airlines are establishing ambitious targets for SAF adoption, creating substantial long-term market opportunities for producers capable of delivering large-scale supply.
Renewable Diesel Expands Petrobras' Sustainable Fuel PortfolioIn addition to renewable aviation fuel, the new facility will produce substantial volumes of renewable diesel, a fuel that offers significant environmental benefits compared with traditional petroleum-based diesel.
Renewable diesel is manufactured using renewable feedstocks and can be utilized within existing diesel engines and distribution systems. The fuel provides lower emissions while maintaining performance standards required by transportation, industrial and commercial sectors.
As global demand for cleaner transportation fuels continues to expand, renewable diesel is expected to play a critical role in helping countries meet climate commitments while ensuring reliable energy supplies. Petrobras' investment demonstrates confidence in the long-term growth prospects of this market segment.
Strategic Importance of the Presidente Bernardes Refinery ProjectThe selection of the Presidente Bernardes Refinery as the project site highlights Petrobras' strategy of leveraging existing assets to support energy transition goals. Integrating renewable fuel production within an established refining complex enables operational efficiencies, optimized logistics and enhanced cost competitiveness.
The refinery has long served as a cornerstone of Petrobras' downstream operations. The addition of renewable fuel capabilities transforms the site into a more diversified energy hub capable of supporting both traditional and emerging fuel markets.
This approach reflects a broader trend among global energy companies, many of which are adapting existing refining infrastructure to accommodate renewable fuel production rather than constructing entirely new facilities from scratch.
Petrobras' 2026-2030 Strategic Plan Emphasizes SustainabilityThe renewable fuel project forms part of Petrobras' broader strategy to navigate evolving energy markets while maintaining profitability and competitiveness. The company's 2026-2030 strategic roadmap outlines substantial investments aimed at improving operational efficiency, expanding lower-carbon businesses and strengthening long-term value creation.
As environmental regulations tighten worldwide and customer preferences increasingly favor sustainable products, investments in renewable fuels offer Petrobras an opportunity to diversify revenue streams while supporting national and international decarbonization efforts.
As per the news, the board's approval marks a critical milestone, allowing Petrobras to advance into the final contracting phase before construction activities begin.
Economic Benefits for Brazil and the Renewable Energy SectorBeyond environmental advantages, the project is expected to generate significant economic benefits. Large-scale infrastructure developments typically create employment opportunities throughout planning, construction and operational phases.
The investment may also stimulate growth across Brazil's renewable energy supply chain, including feedstock production, logistics, engineering services and technology development. Such initiatives can strengthen Brazil's position as a leading participant in the global renewable fuels market.
Furthermore, increased domestic production of renewable fuels could enhance energy security while reducing dependence on imported sustainable fuel supplies as demand accelerates in the coming decades.
Global Renewable Fuel Market Continues to ExpandThe worldwide renewable fuel market is experiencing rapid growth as industries seek practical pathways to reduce emissions. Aviation, freight transportation, shipping and industrial sectors are increasingly incorporating renewable fuel solutions into their sustainability strategies.
Analysts project continued expansion in both renewable diesel and sustainable aviation fuel markets due to supportive government policies, corporate climate commitments and technological advancements. Producers capable of achieving commercial-scale output are expected to benefit from strong demand fundamentals over the long term.
Petrobras' decision to invest $1.2 billion underscores confidence in these market dynamics and reflects its intention to remain a key player in the evolving global energy landscape.
A Landmark Step Toward a Lower-Carbon FutureThe approval of Petrobras' renewable fuel plant represents a landmark development for Brazil's energy sector. With planned production of up to 15,000 barrels per day of bioQAV and renewable diesel, the facility will become an important contributor to sustainable fuel availability in the region.
As construction moves forward and final contracts are executed, the project stands as a powerful example of how major energy companies are adapting to changing market demands. By combining industrial expertise, strategic infrastructure and substantial investment, Petrobras is laying the foundation for a more diversified and lower-carbon energy future while strengthening its competitive position in the global renewable fuels market.
PBR's Zacks Rank & Key PicksCurrently, PBR has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like Delek US Holdings (DK - Free Report) , Phillips 66 (PSX - Free Report) and Murphy USA (MUSA - Free Report) , sporting a Zacks Rank #1 (Strong Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Delek US is valued at $2.54 billion. It is a U.S.-based downstream energy company that focuses on refining crude oil and distributing petroleum products. Headquartered in Brentwood, TN, Delek US Holdings operates through two main segments: refining and logistics.
Phillips 66 is valued at $66.61 billion. It is a diversified energy company that refines crude oil, markets petroleum products, and operates midstream, chemicals, and renewable fuels businesses. Phillips 66 operates across the United States and internationally.
Murphy USA is valued at $10.18 billion. The company is one of the largest independent gasoline and convenience store retailers in the United States, operating a network of stores primarily located near Walmart locations. Murphy USA focuses on offering low-cost fuel and everyday convenience products, supported by a strong loyalty program and disciplined capital-allocation strategy.
