- Petrobras’ total oil & gas output in the second quarter of 2024 was 2,699 mboe/d, a 2.4% increase year-over-year.
- The average oil output in Brazil during this period reached 2,156 Mbpd, marking a 2.6% rise from the previous year.
- Oil output in the pre-salt region surged to 1,815 mbpd, representing a significant 6.3% increase year-over-year.
- The company’s sales volume grew to 2,937 Mbpd, up by 4% compared to the same period last year.
- Market analysts’ recommendations for Petrobras stock include 6 buys, 5 holds, and 1 sell.
A look at Petroleo Brasileiro Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
With a strong overall outlook according to Smartkarma Smart Scores, Petroleo Brasileiro S.A. – Petrobras seems to have a promising long-term future. The company scores high in Dividend and Growth, indicating a stable dividend payout and potential for expansion. Its Value and Momentum scores also reflect positively on its investment appeal, hinting at favorable valuation and upward price trends. However, the Resilience score slightly lags behind, suggesting some vulnerability to external factors. Petrobras’ primary operations focus on exploring, producing, refining, and distributing oil and natural gas. Operating in South America and globally, the company manages various energy-related assets, including oil tankers, pipelines, power plants, and petrochemical units.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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