Petrobras surges 60% YTD
Brazil’s state oil champion Petrobras has jumped roughly 60% year‑to‑date and picked up a 'strong buy' rating amid the wider energy market turmoil reported. Its outperformance is a rare bright spot while global producers face supply shocks from the Gulf conflict and shifting trade risks reported.
Petrobras approved shareholder remuneration totalling R$12.16 billion, with the first installment paid on Feb. 20 and the second scheduled for Mar. 20, 2026. agencia.petrobras.com.br The company reported record oil production in 2025 during its Q4 2025 earnings call, citing higher output from pre‑salt fields as a key operational gain. gurufocus.com Petrobras raised the refinery price of diesel sold to distributors by R$0.38 per liter (to R$3.65/liter) effective March 14, a move the company said followed recent global price volatility. bloomberg.com Brokerage coverage has been mixed: MarketBeat shows a consensus “Moderate Buy” from six firms with an average 12‑month target near $14.97, while recent notes include Jefferies cutting its rating and Goldman and UBS nudging up targets in February and March. marketbeat.com U.S.-listed ADRs and on‑shore listings put Petrobras’s market value in the roughly $113–120 billion range and ADR quotes around $17–19 this month, reflecting heavy institutional trading volume. marketbeat.com Global oil flows have been disrupted by the Gulf conflict, with oil trading near $100/barrel and the IEA calling the situation the largest supply disruption in the history of the market, developments that have tightened refining margins and trade routes since early March 2026. bloomberg.com
