Petrobras's structural cost advantage from pre-salt assets drives industry-leading margins, with a 58.0% gross margin in 2026Q2, supporting robust free cash flow generation despite volatile commodity prices. The company's primary risk is political interference...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue is highly volatile, surging 59.8% in 2026Q2, but the company maintains a structural margin advantage with a 58.0% gross margin, significantly outperforming global peers.
Petrobras's trailing and forward P/E ratios of 7.13 and 5.92 respectively indicate the stock is undervalued compared to historical and industry standards.
Scenario-based modeling suggests a bull case price target of $24, representing significant upside from current trading levels.
The forward P/E ratio of 4.33 as of July 22nd highlights Petrobras's earnings growth potential at an attractive valuation.
Trailing total returns as of 10/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 6, 2026 | $1.61+12.6% vs $1.43 | $33.6B+6.7% vs $31.5B |
Q2 2026 May 11, 2026 | $0.99+2.8% vs $0.96 | $23.5B-11.0% vs $26.4B |
Q2 2026 Mar 5, 2026 | $0.46-19.9% vs $0.58 | $23.6B+2.6% vs $23.0B |
Q4 2025 Nov 5, 2025 | $0.94+33.0% vs $0.70 | $23.5B-1.7% vs $23.9B |
Petróleo Brasileiro remains a Buy, with a $29 price target by October 2027, driven by political catalysts and strong fundamentals. PBR trades at 5x forward earnings with a nearly 9% yield, outperforming US majors on valuation and recent total return. Bolsonaro's potential presidency could remove export taxes and improve governance, but fuel price intervention remains a risk under any government.
Brazilian state-run oil company Petrobras said on Friday it had made a new oil discovery in ultra-deep waters off Amapa state, an area known as equatorial margin that it considers its most promising new oil frontier.
HOUSTON--(BUSINESS WIRE)--Cheniere and Petrobras Sign Long-Term LNG Sale and Purchase Agreement.
Brazilian state-run oil company Petrobras said on Thursday it had signed production-sharing contracts with Ivory Coast and its state energy firm Petroci for eight offshore exploratory blocks.
Benchmark PBR-A against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Petróleo Brasileiro S.A. - Petrobras (PBR-A)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $23.53 | $151.64B | 7.69 | -2.43% | 22.1% | 29.15% | 5.44% | |
| $183.21 | $759.4B | 27.34 | -4.52% | 9.07% | 12.34% | — | |
| $233.21 | $464.46B | 35.18 | -4.64% | 9.87% | 10.66% | — | |
| $108.18 | $301.62B | 18.03 | -6.13% | 8.76% | 14.64% | — | |
| $51.32 | $134.01B | 2515.69 | 0.08% | 2.51% | 7.19% | — | |
| $92.78 | $206.62B | 16.05 | -6.78% | 9.07% | 14.5% | — |
Petróleo Brasileiro S.A. - Petrobras (PBR-A) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Get notified when PBR-A posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Petróleo Brasileiro S.A. - Petrobras (PBR-A) stock FAQ — growth, dividends, profitability & financials explained
Petróleo Brasileiro S.A. - Petrobras (PBR-A) reported $104.22B in revenue for fiscal year 2025. This represents a 537% increase from $16.36B in 1999.
Petróleo Brasileiro S.A. - Petrobras (PBR-A) saw revenue decline by 2.4% over the past year.
Yes, Petróleo Brasileiro S.A. - Petrobras (PBR-A) is profitable, generating $25.55B in net income for fiscal year 2025 (22.1% net margin).
Yes, Petróleo Brasileiro S.A. - Petrobras (PBR-A) pays a dividend with a yield of 5.44%. This makes it attractive for income-focused investors.
Petróleo Brasileiro S.A. - Petrobras (PBR-A) has a return on equity (ROE) of 29.2%. This is excellent, indicating efficient use of shareholder capital.
Petróleo Brasileiro S.A. - Petrobras (PBR-A) generated $18.68B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
