Petrobras, the Brazilian state-owned oil company, has restarted drilling in Rio Grande do Norte, marking the resumption of oil and gas exploration in the Equatorial Margin.
This comes after facing challenges from the Ministry of Environment, resulting in a public dispute.
The Equatorial Margin, including the controversial Foz do Amazonas area, covers five basins from Amapá to Rio Grande do Norte.
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Initially, Ibama denied exploration licenses in the Foz do Amazonas basin. However, Petrobras and Minister Alexandre Silveira advocated for authorization.
Petrobras aims to confirm the extension of an oil discovery made in 2014.
Petrobras Resumes Equatorial Margin Oil Exploration after Conflict.
The company has obtained an operating license to drill two research wells in the Potiguar Basin, including the Anhangá well near the Pitu Oeste well.
Petrobras President Jean Paul Prates emphasizes its commitment to socio-economic development and national energy security.
They have allocated $3.1 billion for oil and gas research in the Equatorial Margin from 2024 to 2028.
This move has significant geopolitical implications, potentially boosting Brazil’s energy independence and global influence as an energy producer.
Balancing economic benefits and environmental concerns is crucial. Collaboration between Ibama and Petrobras is necessary for sustainable solutions.
Petrobras resuming oil exploration in the Equatorial Margin is a crucial step for energy security and economic development, with a focus on environmental sustainability.
Live Company IntelligencePetroleo Brasileiro Petrobras SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$133.08B
Market cap
Analyst target $22.89
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $22.89 · +29% vs 200-day
Valuation & profitability
Market cap$133.08B
Revenue (TTM)$548.49B
P / E ratio5.2
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $21.99
Beta (volatility)-0.21
200-day average$17.70
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield18.0%
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…
