Petroleo Brasileiro SA Petrobras ADR

PBR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$43.80	Clln	Kddcgbhn

Petrobras Earnings: Strong Performance Continues, but Possibility of Dividend Policy Change

Allen Good

May 12, 2023

Petrobras reported first-quarter adjusted reoccurring EBITDA fell to BRL 74.5 billion from BRL 78.2 billion a year before largely on lower oil prices, beating market expectations.

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