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Petroleo Brasileiro SA- Petrobras ( (PBR) ) has provided an announcement.
On January 29, 2025, Petrobras announced its proved reserves of oil, condensate, and natural gas, estimated at 11.4 billion barrels of oil equivalent as of December 31, 2024. This reflects a reserve replacement rate of 154% for the year 2024, largely due to developments in the Atapu and Sépia fields and strong asset performance, particularly in the Santos Basin. The company’s reserves ensure a ratio of 13.2 years of production. These developments bolster Petrobras’ position in the energy market and reflect its commitment to value generation for society and shareholders.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, officially known as Petróleo Brasileiro S.A., is a Brazilian petroleum corporation. It is primarily involved in the exploration, production, refining, and transportation of oil, natural gas, and petroleum products. The company is a significant player in the global energy market, focusing on profitable assets and sustainable energy transitions.
YTD Price Performance: 5.36%
Average Trading Volume: 14,377,079
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $86.72B
Learn more about PBR stock on TipRanks’ Stock Analysis page.
