Petroleo Brasileiro SA Petrobras ADR

PBR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Petrobras Still Doing the Right Things; We Increased Our Fair Value Estimate on Higher Oil Prices

Allen Good

Apr 29, 2026

Business Strategy and Outlook

Petrobras’ spending plans have stabilized in the latest iteration of its five-year plan, following a peak in the previous plans that incorporated greater energy transition investments.

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Petroleo Brasileiro SA Petrobras ADR

Petrobras Still Doing the Right Things; We Increased Our Fair Value Estimate on Higher Oil Prices

Business Strategy and Outlook

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