Petroleo Brasileiro SA Petrobras ADR
PBR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$25.50 | Nhnkn | Rphyrpdh |
Petrobras Benefits From Higher Oil Prices in Q1 as Downstream Improves as Well
Petrobras reported adjusted reoccurring EBITDA of BRL 78.2 billion compared with BRL 47.7 billion a year before. Higher oil prices were the primary factor lifting exploration and production adjusted EBITDA to BRL 73.0 billion from BRL 44.2 billion a year ago. Total production volumes rose to 2,796 thousand barrels of oil equivalent per day from 2,765 mboe/d a year earlier, as low-cost presalt volumes reached 72% of total volumes.