Petrobras (ADR) (PBR)
Develops Brazil's pre-salt fields and connects production to refining, logistics, gas and power.
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Produces crude oil and natural gas from offshore fields, led by Brazil's pre-salt provinces, and links that output to domestic refining, fuel logistics, gas and power. State control, oil prices, reservoir delivery, project execution, fuel-market policy and environmental regulation shape how the integrated system operates.
Develops crude oil, natural gas and natural-gas liquids through Exploration and Production, with Brazil's deepwater pre-salt fields at the center of the portfolio. Offshore engineering, reservoir development and large-project execution underpin this upstream system.
Processes and markets crude through Refining, Transportation and Marketing, connecting refineries, pipelines and terminals to Brazil's supply of transport and aviation fuels, LPG, naphtha, fuel oil and asphalt. Gas and Low Carbon Energies adds gas processing and trading, LNG, power generation, biofuels and renewable-energy activities.
Operates primarily as an integrated Brazilian energy chain while retaining selective international exploration. Federal government control influences leadership and strategic direction, while oil prices, reservoir delivery, project execution, refinery reliability, domestic fuel-market policy and environmental regulation remain structural dependencies.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 27, 2026 | Bradesco | Reiterate | Rating: —Target: $19 | Target: $20 |
| May 21, 2026 | Banco Santander | Target | Target: $11 | Target: $24 |
| Apr 17, 2026 | B of A Securities | Upgrade | ||
| Apr 15, 2026 | Bradesco | Target | Target: $17 | Target: $19 |
| Mar 26, 2026 | UBS | Target | Target: $14.60 | Target: $22 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $10.39B · Total debt $70.81B · Total assets $247.08B · Shareholders' equity $92.91B
- Revenue
- $33.61B
- Operating income
- $14.07B
- Net income
- $10.43B
HistoryDividendAnnual yield
| Institutions | 12.09% | 779.37M ADS | |
|---|---|---|---|
| 617 holders · as of Jun 30, 2026 | |||
| Other | 87.91% | 5.66B ADS | |
| remainder | |||
6.44B ADS as of Sep 15, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
GQG Partners LLCInstitution | 3.00% | 193.20M ADS | as of Jun 30, 2026 |
Baillie Gifford & CoInstitution | 0.75% | 48.62M ADS | as of Jun 30, 2026 |
Arrowstreet Capital, Limited PartnershipInstitution | 0.62% | 40.19M ADS | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 0.59% | 38.07M ADS | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 0.46% | 29.42M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 1, 2026 | Angelica Garcia Cobas Laureano | officer: Chief Commercial Officer | −19 | $9.09 |
| Apr 2, 2026 | Angelica Garcia Cobas Laureano | officer: Chief Commercial Officer | +1,000 | $9.49 |
- Shell (ADR)
Broad rival in Brazilian pre-salt, fuels, LNG and lower-carbon energy
- TotalEnergies
Pre-salt and integrated-energy rival across oil, gas and power
- Equinor (ADR)
Brazilian deepwater challenger in pre-salt oil, gas and offshore power
- Ultrapar (ADR)
Brazilian fuels and logistics rival through Ipiranga and Ultracargo
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Petrobras (ADR) | $20.48 | −0.73% | $132.95B | 5.2 | 5.1 | 1.3 | +59.8% |
| Shell (ADR) | $93.55 | +0.30% | $260.05B | 10.3 | 9.0 | 0.9 | +44.7% |
| TotalEnergies | $89.57 | −0.54% | $200.56B | 11.3 | 8.1 | 1.0 | +26.2% |
| Equinor (ADR) | $42.02 | −1.11% | $101.58B | 11.6 | 9.0 | 0.9 | +36.5% |
| Ultrapar (ADR) | $7.59 | −0.20% | $8.12B | — | 14.8 | — | +34.1% |
| Median | 11.3 | 9.0 | 0.9 | +35.3% |