Petroleo Brasileiro SA Petrobras ADR

PBR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$34.20	Mbwv	Dbkpjlc

Petrobras Earnings: Production Guidance Increased Despite Lower-Than-Expected Capital Spending

Allen Good

Nov 10, 2023

Petrobras' reported third-quarter adjusted recurring EBITDA fell to BRL 66.9 billion from BRL 92.7 billion a year ago on lower oil prices, which were partially offset by an increase in volumes.

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