RIO DE JANEIRO, BRAZIL – Brazil’s average oil production increased 4.6% in April compared to March, reaching 2.97 million barrels per day (bpd), the second consecutive monthly high, according to data from the National Agency of Petroleum, Natural Gas, and Biofuels (ANP).
Compared to April 2020, there was an increase of 0.5%.
Oil and gas combined, the country produced 3.8 million barrels of oil equivalent in April, up 4.5% compared to March and a 1.7% growth compared to April last year.
As the concessionaire, Petrobras produced 2.2 million bpd in April, up 4.4% compared to March and 0.4% over the same month in 2020.
For its part, Anglo-Dutch Shell, the largest private producer in Brazil and Petrobras’ main partner in producing fields in the pre-salt deepwater fields, produced 370,788 bpd in April, up 6.3% from the preceding month but down 3% compared to April 2020.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$135.20B
Market cap
Analyst target $22.95
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $22.95 · +29% vs 200-day
Valuation & profitability
Market cap$135.20B
Revenue (TTM)$548.49B
P / E ratio5.3
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $21.99
Beta (volatility)-0.21
200-day average$17.83
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield17.6%
Payout ratio28.3%
Fwd. annual$1.68
What Petroleo Brasileiro Petrobras does. Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces…
