RIO DE JANEIRO, BRAZIL – Petrobras (PETR3;PETR4) produced 2.7 MMboe/d (million barrels of oil equivalent per day) of oil and natural gas, down 4.5% from the third quarter, according to a market filing on Wednesday, February 9.
Petrobras’ crude production reached at 2.151 million barrels per day, up 0.7% from the fourth quarter of 2020.
Last month, Petrobras lowered its 2022-2026 production outlook.
The company explained the virtually stable performance to scheduled stoppages on high-production platforms early in the Búzios field production-sharing agreement, although these factors were partially offset by the increase in the FPSO Carioca offshore output.
Last month, Petrobras lowered its 2022-2026 production outlook to reflect production-sharing agreements involving the Atapú and Sepia oilfields.
Exports of oil and derivatives posted a year-on-year decrease of 17.7% to 701 barrels of oil equivalent per day.
The oil company sold 463 million bpd of gasoline domestically in the fourth quarter, up 20.1% in annual terms. Domestic diesel sales reached 790 million bpd, 16.7% more than the year before.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$159.11B
Market cap
Analyst target $23.31
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $23.31 · +29% vs 200-day
Valuation & profitability
Market cap$159.11B
Revenue (TTM)$548.49B
P / E ratio6.2
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $25.60
Beta (volatility)-0.23
200-day average$18.06
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.4%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield15.3%
Payout ratio28.3%
Fwd. annual$1.68
What Petroleo Brasileiro Petrobras does. Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces…
