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Brazilian (BOVESPA) Oil and Gas Industry Analysis

UpdatedSep 28, 2025
DataAggregated Company Financials
Companies8
  • 7D3.0%
  • 3M2.4%
  • 1Y-12.0%
  • YTD-11.0%

Over the last 7 days, the Oil and Gas industry has risen 3.0%, driven by gains from Prio of 3.1%. In the same time, Cosan was down 17%. In contrast, the industry has lost 12% in the last 12 months. As for the next few years, earnings are expected to grow by 7.4% per annum.

Industry Valuation and Performance

Has the Brazilian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Sep 2025R$514.7bR$674.8bR$71.4b5.8x7.2x0.8x
Wed, 27 Aug 2025R$483.9bR$711.3bR$79.5b5.7x6.1x0.7x
Fri, 25 Jul 2025R$509.5bR$712.6bR$49.8b7.7x10.2x0.7x
Sun, 22 Jun 2025R$527.9bR$712.6bR$49.8b8.3x10.6x0.7x
Tue, 20 May 2025R$506.1bR$712.6bR$49.8b8.4x10.2x0.7x
Thu, 17 Apr 2025R$486.4bR$701.6bR$38.1b8.5x12.8x0.7x
Sat, 15 Mar 2025R$558.1bR$697.9bR$51.5b8x10.8x0.8x
Mon, 10 Feb 2025R$573.2bR$708.9bR$94.4b6.7x6.1x0.8x
Wed, 08 Jan 2025R$577.5bR$708.9bR$94.4b7.1x6.1x0.8x
Fri, 06 Dec 2024R$614.4bR$708.9bR$94.4b7.8x6.5x0.9x
Sun, 03 Nov 2024R$567.6bR$699.8bR$89.1b7.9x6.4x0.8x
Tue, 01 Oct 2024R$585.5bR$699.8bR$89.1b8.2x6.6x0.8x
Thu, 29 Aug 2024R$638.3bR$699.8bR$89.1b9x7.2x0.9x
Sat, 27 Jul 2024R$618.0bR$685.3bR$119.4b10x5.2x0.9x
Mon, 24 Jun 2024R$585.1bR$685.3bR$119.4b9x4.9x0.9x
Wed, 22 May 2024R$598.3bR$685.0bR$119.0b10.3x5x0.9x
Fri, 19 Apr 2024R$672.9bR$925.9bR$137.5b8.4x4.9x0.7x
Sun, 17 Mar 2024R$631.4bR$927.1bR$136.0b9.2x4.6x0.7x
Tue, 13 Feb 2024R$709.0bR$950.8bR$147.3b8.9x4.8x0.7x
Thu, 11 Jan 2024R$671.5bR$953.1bR$146.7b10.3x4.6x0.7x
Sat, 09 Dec 2023R$599.7bR$953.1bR$146.7b9.6x4.1x0.6x
Mon, 06 Nov 2023R$640.9bR$1.0tR$165.6b12.8x3.9x0.6x
Wed, 04 Oct 2023R$611.2bR$1.0tR$164.8b12.2x3.7x0.6x
Fri, 01 Sep 2023R$598.2bR$1.0tR$163.8b11.5x3.7x0.6x
Sun, 30 Jul 2023R$571.1bR$1.1tR$190.4b10.9x3x0.5x
Tue, 27 Jun 2023R$577.1bR$1.1tR$190.4b8.9x3x0.5x
Thu, 25 May 2023R$498.9bR$1.1tR$190.4b8.7x2.6x0.5x
Sat, 22 Apr 2023R$492.5bR$1.1tR$195.3b9.4x2.5x0.5x
Mon, 20 Mar 2023R$437.6bR$1.1tR$195.0b8.7x2.2x0.4x
Wed, 15 Feb 2023R$503.2bR$1.0tR$184.7b12.2x2.7x0.5x
Fri, 13 Jan 2023R$485.3bR$1.0tR$184.7b13.1x2.6x0.5x
Sun, 11 Dec 2022R$474.3bR$1.0tR$184.7b11.9x2.6x0.5x
Tue, 08 Nov 2022R$546.3bR$1.0tR$190.1b9.2x2.9x0.5x
Thu, 06 Oct 2022R$595.7bR$964.9bR$174.4b9.8x3.4x0.6x
Price to Earnings Ratio

3.4x


Total Market Cap: R$595.7bTotal Earnings: R$174.4bTotal Revenue: R$964.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Oil and Gas Industry Price to Earnings3Y Average 5.5x202320242025
Current Industry PE
  • Investors are optimistic on the Brazilian Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 7.2x which is higher than its 3-year average PE of 5.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 26% per year over the last three years,
  • Revenues have also declined 11% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Brazilian Energy industry?

BR Market-0.56%
Energy2.99%
Oil and Gas2.99%
Integrated Oil and Gas3.83%
Oil and Gas Exploration and Production1.99%
Oil and Gas Storage and Transportation1.77%
Oil and Gas Refining and Marketing-17.04%
Industry PE
  • Investors are most optimistic about the Oil and Gas Storage and Transportation industry even though it's trading below its 3-year average PE ratio of 10.7x.
    • Analysts are expecting annual earnings decline of 0.5%, which is lower than the prior year's growth of 3.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 112% over the next 5 years.
  • In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PRIO3 PrioR$39.243.1%
+R$957.4m		-10.0%PE3x
UGPA3 Ultrapar ParticipaçõesR$21.241.8%
+R$395.1m		-0.5%PE7.7x
RECV3 PetroreconcavoR$13.000.4%
+R$14.6m		-27.2%PE5.8x
RPMG3 Refinaria de Petróleos de ManguinhosR$3.063.7%
+R$7.4m		1.0%PS0.02x

Latest News

CSAN3
R$6.20
Cosan
7D
-17.3%
1Y
-52.9%
BRAV3
R$18.34
Brava Energia
7D
-1.2%
1Y
3.1%
UGPA3
R$21.24
Ultrapar Participações
7D
1.8%
1Y
-0.5%

Urban Demand And Regulation Will Shape Brazil Energy Amid Risks

The upward revision in Ultrapar Participações' consensus Analyst Price Target to R$23.10 primarily reflects improved revenue growth forecasts, while profit margins remain stable. What's in the News Board is considering a new wording for internal bylaws on appointing the lead independent director and an amendment to the Corporate Risk Management Policy.
RECV3
R$13.00
Petroreconcavo
7D
0.4%
1Y
-27.2%

Deep Well Drilling And Midstream Integration Will Unlock Value

With both the discount rate and future P/E ratio showing only marginal increases, the consensus analyst price target for Petroreconcavo has remained unchanged at R$17.55. Valuation Changes Summary of Valuation Changes for Petroreconcavo The Consensus Analyst Price Target remained effectively unchanged, at R$17.55.
PRIO3
R$39.24
Prio
7D
3.1%
1Y
-10.0%
AZTE3
R$0.43
Azevedo & Travassos Energia
7D
-4.4%
1Y
n/a
RPMG3
R$3.06
Refinaria de Petróleos de Manguinhos
7D
3.7%
1Y
1.0%