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Petroleo Brasileiro SA- Petrobras ( (PBR) ) has issued an update.
On February 3, 2025, Petrobras announced the receipt of contingent payment installments for the Sépia and Atapu oil blocks amounting to R$2.161 billion from its partners, including TotalEnergies EP Brasil, PETRONAS, and QatarEnergy, among others. Additionally, the company received approximately R$516 million from Karoon Petróleo & Gás related to the sale of the Baúna field. These transactions highlight Petrobras’ ongoing financial engagements and strategic divestments in the oil and gas sector, with potential implications for its financial stability and partnerships.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, officially known as Petróleo Brasileiro S.A., is a Brazilian multinational corporation in the petroleum industry. It is primarily involved in oil and gas exploration and production, refining, and energy generation. The company focuses on the Brazilian market but also has operations in several international locations.
YTD Price Performance: 7.33%
Average Trading Volume: 14,364,917
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $87.29B
See more insights into PBR stock on TipRanks’ Stock Analysis page.
