Petroleo Brasileiro SA - Petrobras (PBR) Stock

PBR, in talks with Raizen, BP and Inpasa, plans to invest $2.2 billion in ethanol distilleries as part of its strategic plan for a 2025-2029 biofuels comeback.

As of Sept. 30, 2024, PBR has recorded a net debt of $44,251 million.

PBR's new business plan outlines $111 billion in investments, including $45 billion in regular dividends and boosting production for 2025-2029.

Brazilian state-run oil firm Petrobras announced on Monday that its management proposed to the company's board a $111 billion business plan for 2025-2029, according to a securities filing.

Petrobras' new natural gas processing unit at the Boaventura energy complex is aimed at improving gas flows from Brazil's presalt fields in the Santos Basin.

Petrobras achieved impressive 3Q 2024 results, with $6.9 billion in FCF and a proposed $3 billion USD dividend, highlighting its financial strength. The company is expanding internationally, reducing domestic risks and leveraging expertise, with new stakes in South Africa and increased FPSO production. Petrobras has improved its debt position, issuing a 10-year $1 billion bond at the lowest rate in a decade, freeing up cash for shareholder returns.

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR ) Q3 2024 Earnings Conference Call November 8, 2024 12:00 PM ET Company Participants Fernando Melgarejo - Chief Financial and Investor Relations Officer Magda Chambriard - Chief Executive Officer Clarice Coppetti - Executive Director of Corporate Affairs Claudio Schlosser - Executive Director for Logistics, Sales and Markets Mário Spinelli - Executive Director for Governance and Compliance Mauricio Tolmasquim - Executive Director for Energy Transition and Sustainability Renata Baruzzi - Executive Director for Engineering, Technology and Innovation Wagner Victer - Executive Director for Production and Processes William France da Silva - Executive Director for Industrial Processes and Products Sylvia dos Anjos - Director for Exploration and Production Eduardo Molinari - Digital Project Manager Conference Call Participants Monique Greco - Itaú BBA Bruno Montanari - Morgan Stanley Bruno Amorim - Goldman Sachs Gabriel Barra - Citi Pedro Soares - BTG Pactual Rodrigo Almeida - Santander Jorge Gabrich - Scotiabank Lilyanna Yang - HSBC Caio Ribeiro - Bank of America Regis Cardoso - XP Conrado Vegner - Safra Operator Good afternoon and welcome to Petrobras' webcast with analysts and investors to discuss Q3 results.

Brazilian state-run oil firm Petrobras sees as "technically possible" to issue extraordinary dividends by the end of the year if its strategic plan is approved on schedule this month, its Chief Financial Officer said on Friday.

Brazilian state-run oil firm Petrobras reported on Thursday some 22% increase in its third-quarter net profit from a year earlier, to 32.6 billion reais ($5.7 billion).