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Petroleo Brasileiro SA Petrobras PBR

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

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PREMIUM

Petrobras Posts Stronger Q1 Results, Makes Headway on Debt Reduction

Allen Good, CFA Sector Strategist

Analyst Note

| Allen Good, CFA |

Petrobras' first-quarter earnings showed a significant improvement compared with last year despite an extension of lockdown requirements in Brazil.

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Company Profile

Business Description

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2020 was 2.8 million barrels of oil equivalent a day (83% oil production), and reserves stood at 8.8 billion boe (86% oil). Petrobras operates 13 refineries in Brazil with capacity of 2.2 million barrels a day and distributes refined products and natural gas throughout Brazil.

Contact
Avenida Republica do Chile, 65
Rio de Janeiro, RJ, 20031-912, Brazil
T +55 2132244477
Sector Energy
Industry Oil & Gas Integrated
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type —
Employees 49,050

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