Brazil's state development bank BNDES has ​cut its stake in state-run oil firm Petrobras and in ‌power company Axia Energia by selling shares from both this month, four sources told Reuters on condition of anonymity.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

PBR signs offshore decommissioning pact with Saipem as Brazil expands infrastructure retirement and well abandonment projects.

PBR's Q1 refining surged as utilization hit 95% and output rose 6.7%,.cutting imports and boosting diesel, gasoline and jet fuel mix.

PBR's low breakeven of $50/barrel, expanding export volumes, & growing productions position it for strong FQ2'26/H2'26 cash flows, aided by the elevated Brent oil spot prices. Management is prioritizing growth capex and deleveraging, but their rich ordinary/extraordinary dividends remain likely, attributed to the ongoing oil demand/supply imbalance through 2027. PBR may be a better Buy nearer the $17–$14 ranges, with the sequentially flat dividend payouts and the ongoing ceasefire discussion likely putting future downward pressure on the oil/stock prices.

PBR confirms expanded oil discovery in the Santos Basin's Aram Block, with high-quality crude and deeper pre-salt potential boosting output hopes.

PBR refineries top 100% capacity in April and May, driving record fuel output as it boosts Brazil's energy independence.

Brazil's state-run ‌oil firm Petrobras ​wants ​two production wells built ⁠by ​2030 at ​a still-unnamed new discovery at ​the ​Aram block in ‌Santos ⁠basin, Chief Executive Magda Chambriard ​said ​during ⁠a press ​conference on ​Friday.

Petrobras missed Q1 estimates but hit record output, stronger refining profits, $3.9B free cash flow and an early P-79 start at Buzios.

Petroleo Brasileiro S.A.- Petrobras NYSE: PBR reported higher production, stronger refinery utilization and continued investment in upstream projects during the first quarter of 2026, while executives said the company is monitoring fuel-price volatility and prioritizing capital discipline.