Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Petroleo Brasileiro SA- Petrobras ( (PBR) ) has provided an announcement.
On January 23, 2025, Petrobras announced a decision by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to unify the Berbigão and Sururu fields in the pre-salt Santos Basin. This unification, stemming from revised development plans submitted in 2018, will result in a single field report and an increased rate for the Special Participation payment, effective retroactively. The decision also includes unification of areas under the Transfer of Rights contract, although without additional charges. Petrobras is currently evaluating the financial implications and plans to disclose material facts as necessary.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, officially known as Petróleo Brasileiro S.A., is a major player in the Brazilian petroleum industry. The company specializes in oil and gas exploration, production, refining, and distribution, and is significantly involved in the pre-salt oil fields offshore Brazil.
YTD Price Performance: 4.23%
Average Trading Volume: 14,587,389
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $85.18B
For an in-depth examination of PBR stock, go to TipRanks’ Stock Analysis page.
