Update shared on06 Sep 2025
Fair value Increased 0.61%The consensus price target for Petrobras was effectively unchanged despite a sharp increase in forecasted future P/E and slightly higher expected revenue growth, with fair value moving marginally from R$40.96 to R$41.21.
What's in the News
- The Board approved payment of interim dividends and interest on equity totaling BRL 8.66 billion for 2025, payable in two installments in November and December, with an ex-rights date as of August 22.
- The company reported higher total commercial production for Q2 and H1 2025, with 2,546 Mboed in the quarter (up from 2,356 Mboed YoY) and 2,481 Mboed for the first half (up from 2,392 Mboed YoY).
- Petrobras is considering divesting its onshore operations in Bahia state due to high costs and low output compared to its pre-salt operations.
- The company plans approximately BRL 33 billion in investments for refining and petrochemical projects in Rio de Janeiro, including diesel, jet fuel, biofuel, and lubricant production expansions, as well as decarbonization and circular economy initiatives.
- Petrobras is contesting a BRL 36 billion lawsuit filed by Sete Brasil over alleged losses in the Drilling Rigs Project, asserting no responsibility and no impact on Q2 2025 financials.
Valuation Changes
Summary of Valuation Changes for Petróleo Brasileiro - Petrobras
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from R$40.96 to R$41.21.
- The Future P/E for Petróleo Brasileiro - Petrobras has significantly risen from 11.89x to 65.53x.
- The Consensus Revenue Growth forecasts for Petróleo Brasileiro - Petrobras has significantly risen from 0.1% per annum to 0.3% per annum.
Disclaimer
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