Petroleo Brasileiro SA Petrobras ADR

PBR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Petrobras Earnings: Strong Results Lead to a Dividend Increase

Allen Good

Nov 8, 2024

Petrobras' third-quarter earnings exceeded market expectations even as reoccurring adjusted EBITDA fell to $11.6 billion from $13.7 billion a year prior due to lower oil prices and narrower refining margins. Management announced a dividend of BRL 17.1 billion, an increase from the second quarter.

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Petroleo Brasileiro SA Petrobras ADR

Petrobras Earnings: Strong Results Lead to a Dividend Increase

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