Petrobras $PETR3 (-0.04%)
$PETR4 (-0.58%) increased its oil, condensate (NGL) and natural gas production in Brazil by 8.1% year-on-year in the second quarter, reaching 2.879 million barrels of oil equivalent per day (boe/d). According to a production report published on Tuesday (29th), oil and NGL production totaled 2.320 million barrels per day, an increase of 7.6% compared to the second quarter of 2024. Natural gas production increased by 10% to 559,000 boe/d.

One of the highlights of the quarter was a 229.7% increase in diesel imports to 122,000 barrels per day. Petrobras explained in its report that the increase was due to the company's preparations for a period of higher demand.

Meanwhile, oil exports rose by six percent to 690,000 barrels per day in the quarter. Oil remains Brazil's most important export - and could be hit with a 50 percent tariff by the US from Friday, August 1. Petrobras said exports to the US accounted for eight percent of international oil sales, while China took the lion's share at 54 percent.

According to Petrobras, the increase in oil and gas production is mainly due to the gradual commissioning of the Almirante Tamandaré and Maria Quitéria floating production, storage and offloading facilities. The production increases were also supported by the achievement of peak production at the FPSO Alexandre de Gusmão. All three platforms operate in the pre-salt layer of the Santos basin.

The company also brought 14 new production wells on stream in the second quarter - seven in the Campos Basin and seven in the Santos Basin. "On the other hand, there were also higher production losses in the second quarter due to shutdowns and maintenance work, as well as a natural decline," Petrobras said. Refinery capacity utilization reached 91% in the second quarter, an increase of one percentage point compared to the first quarter and unchanged from the previous year.

Sales of refined products in Brazil increased by 0.8% year-on-year to 1.714 million barrels per day in the second quarter. Gasoline sales increased by 3.1% compared to the same period last year and by 1.5% compared to the first quarter, driven by increased overall demand for gasoline and a shift from ethanol to gasoline, particularly in flex-fuel vehicles.

Petrobras reported a 0.6% decline in diesel sales in Brazil in the second quarter compared to the same period last year and a 1.8% decline compared to the previous quarter. The company attributed the decline to increased imports from third countries - primarily from Russia - and lower demand from the agricultural sector.

Source: valorinternational.globo.com

$PETR4 (-0.58%) just under 5 euros again. I wish I had some spare cash. ⛽️

$PETR3 (-0.58%)

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📢 Petrobras appoints new Director of Energy Transition and Sustainability

📅 July 11, 2025 - Rio de Janeiro

The Petrobras Board of Directors has elected Angélica Garcia Cobas Laureano as the new Director of Energy Transition and Sustainability. Her term of office runs until April 2027.

Angélica has 45 years of professional experience, including 37 years at Petrobras, many of them in management positions. Most recently, she was President of the pipeline operator Gasoduto Bolívia-Brasil.

With her election, the Petrobras Board of Directors now has a majority of women for the first time (5 women, 4 men) - a historic step for the company and a strong signal in the oil and gas industry

$OXY (-0.15%)
$OD7F
$OOEA
$XOM (+0.45%)
$BRNT (-1.72%)
$SLB (+0.33%)
$COP (-0.27%)
$WENS (-0.24%)
$EXH1 (+0.18%)
$SHEL (+1.17%)
$PETR4 (-0.58%)

The tensions will be resolved quickly. High oil prices harm American consumers. Trump wants to prevent that. He also wants to conclude an agreement with China. China imports a lot of oil from Iran, which will hurt them. The same applies to India, with which Trump also wants to conclude an agreement.

Trump is pro-Israel and wants to help Israel achieve its military goals. However, he will not give Israel much time to do so. It will either be over as quickly as the Six-Day War or after two weeks at the latest, enforced by Trump.

The Brazilian oil and gas company Petrobras $PETR3 (-0.04%)
$PETR4 (-0.58%) has submitted a declaration of interest for nine exploration blocks in the offshore areas of Côte d'Ivoire, namely blocks CI 513, CI 600, CI 601, CI 602, CI 603, CI 605, CI 700, CI 701 and CI 702.

This expression of interest secures exclusivity in the contract negotiation phase and is the first phase in the acquisition process for exploration areas in the country before contract negotiations for the exploration blocks begin.

The government of Côte d'Ivoire plans to more than triple the country's oil production between 2024 and 2027, as production is expected to increase from around 60 kb/d to around 200 kb/d by 2027. Hydrocarbon production will be boosted by recent oil and gas discoveries in the Ivorian offshore fields of Baleine and Calao. The government also expects more than USD 15 billion to be invested in the Ivorian oil sector in the coming years.

I got back in today. Despite all the political concerns and risks, this is a company with good plans for the future. And of course an even better dividend. Together with the covered call from part 1, the first milestone in terms of dividends has thus been reached and an expected annual gross dividend of € 30,000 is already the basic salary.

And another advantage, the good @SAUgut77 takes more work off my hands to post company news. 😁😇😜

Hello, a quick question for the experts, such as @SAUgut77 regarding the dividend of $PETR4 (-0.58%)

The payment date was 20.05.25. However, I have not yet received the dividend. Since I don't have any reference values for Brazilian dividends, is the delay relatively normal, or have you already received it?

Thank you very much for your help and have a nice trading day ;)

A decision by the Brazilian environmental authority Ibama allows the state-owned oil company Petrobras $PETR3 (-0.04%)
$PETR4 (-0.58%) to take another step towards drilling for oil in a coveted offshore region, albeit with a significant caveat for future permits in the area.

Documents seen by Reuters show that IBAMA chief Rodrigo Agostinho warned in his decision against an "uncontrolled multiplication of future applications for environmental licenses" in the Foz do Amazonas basin, an oil production area near the mouth of the Amazon River.

The area in the northernmost part of Brazil's equatorial zone is considered the most promising oil production area for Petrobras, as it has geological similarities with nearby Guyana, where Exxon Mobil is developing huge fields.

However, Agostinho said it would be difficult to issue exploration licenses "piecemeal and sequentially" in the Foz do Amazonas basin without a complex environmental study (AAAS), which could take years to complete.

IBAMA had previously requested an AAAS to evaluate Petrobras' bid, but Brazil's attorney general issued a legal opinion stating that such an assessment should not prevent the granting of licenses.

Agostinho's new request adds to the uncertainty over future licenses in the region as Brazil prepares to auction new blocks in June.

For now, the head of the agency has approved a proposal from Petrobras on how to help local wildlife in the event of an oil spill in this ecologically sensitive region, which includes extensive coral reefs and indigenous coastal communities.

Petrobras welcomed the decision on Monday, calling it a green light to test its environmental contingency plan, which the company described as the last step before the final decision on whether to grant the license.

The breakthrough for Petrobras is a loss for IBAMA's technical staff, who had signed a document in February stating that the plan to save wildlife in the event of an oil spill had only a "slight chance" of success.

In 2023, IBAMA rejected an application from Petrobras to drill in the area, which the company immediately appealed, further exacerbating divisions in the Brazilian government between environmentalists and allies pushing for oil and gas development in the region.

Good morning to the community.

I would also like to introduce my portfolio and share my thoughts and goals.

First of all, a bit about myself and how I got into trading:

I am 39 years old and have actually NEVER been interested in the stock market/shares. Through a lucky coincidence in the gambling sector, I suddenly had a 5-figure sum in my account. I then went on a kind of overnight interest rate shopping spree. At some point, however, there were no more offers that appealed to me and I ended up with TR call money. At first I didn't want to invest any money in shares or ETFs, but then I decided to take a look. That was in August 2024, when I caught the bug quicker than I would have liked and, thanks to a good friend, I was able to quickly gather some information and recognize the benefits of investing.

I've been invested ever since.

Now to the structure and goals of my portfolio:

The main focus is on an ACWI IMI in order to build up a certain amount of capital through compound interest. I am expecting an investment horizon of 20 - 25 years. The aim is to have built up a certain amount of capital by then so that I can make withdrawals later in and around retirement age and enjoy a good life in retirement without having to worry. The ACWI was the first major building block for diversification. However, I am honest and I was tempted to buy a portfolio with various individual shares. These are mainly dividend-oriented. Most of the positions pay stable dividends and have moderate growth. I deliberately chose many defensive stocks such as $MUV2 (+0.42%)
$ALV (+0.45%) or $JNJ (-0.49%) in my portfolio so as not to be too speculative. Classics like $KO (-0.32%)
$MCD (-0.32%)
$PG (-1.04%) round off the whole thing. I wanted to achieve an inflow of at least €100 per month over the entire year. Currently it's around €2150 for the whole year. I enjoy having a continuous inflow of dividends that I can reinvest freely. I really wanted to take this positive aspect of the investment with me. Accordingly, I also have very strong dividend payers in my portfolio, although they can be quite volatile and operate in a difficult market environment, e.g. $SHEL (+1.17%)
$PETR4 (-0.58%) or $MO (+1.32%) . In December, I invested in shares of $HOT (+0.13%) and $HEI (+1.31%) with the idea that these companies could possibly benefit from the reconstruction of war zones. (I know that's perhaps not the nicest thought and I'm not a friend of wars either, but you have to ignore that when it comes to profits) and the shares of both have done really well for me. That's why I'm also invested in 2 defense ETFs. Another ETF I have in my portfolio is a "tech/software" ETF, AI & Big Data. Individual stocks were too risky for me here and I preferred to take a broadly diversified approach. I also recently added the Germany All Cap to my portfolio, as I think that Germany will be on the rise again in the future. As a small stock with the hope of a real cracker for the future, I have $DEFI (+0.91%) in the portfolio. Let's see what happens. I'm currently running a savings plan of around 200 euros a month, as I don't have the funds to pump huge amounts of fresh money into my portfolio due to a house loan.

With this in mind, I would be grateful for any tips, suggestions and perhaps also positive words. If you have any questions, please let me know.

Kind regards

Brazil's Petrobras $PETR3 (-0.04%)
$PETR4 (-0.58%) is planning to return to the Nigerian oil industry and focus on deep-sea exploration, Nigerian media report, citing a senior government official.

"We have not made the best use of the fraternal relationship between us and Brazil, but it is better late than never. The upcoming SDM [Strategic Dialogue Mechanism] is an opportunity to execute sector-specific MoUs and unleash investment flows," Stanley Knwocha, a senior assistant in the Nigerian vice president's office, told Business Day.

"Petrobras is no longer operating in Nigeria, but they are very keen to come back to Nigeria. They said they want frontier areas in deep waters," the Nigerian foreign minister said, as quoted by Reuters. The publication recalls that Brazil was active in the deepwater sector of Nigeria's continental shelf some 30 years ago, but sold its operations there a decade ago to raise money for growth at home.

Petrobras plans to spend USD 111 billion in the five years between 2025 and 2029, of which USD 77 billion is earmarked for oil and gas exploration and production, the company announced late last year.

The new spending is USD 10 billion higher than in an earlier version of the investment plan, which set spending on exploration and production at USD 73 billion. That earlier plan, in turn, was an upward revision from an even earlier version of the 2025-2029 budget, which set out USD 102 billion.

Most of this amount will be spent on domestic activities, where the Brazilian major plans to increase production primarily by increasing exploitation rates in existing fields. However, billions will also be spent on new discoveries and apparently also on international expansion.

Nigeria, meanwhile, is on the lookout for oil investors as the country seeks to significantly increase production. Lagos received good news in this regard earlier this year when Exxon announced plans to spend 1.5 billion dollars on deepwater oil and gas exploration in the West African country.