To be honest, I was a little surprised as to why $PETR4 (+2,3%) after 4.90 euros in December, the share suddenly stood at just under 5.50 euros. I went looking and found the following explanations online:
"The share price of Petróleo Brasileiro (Petrobras) recorded a significant increase in January 2026, with the share price rising by around 15% in the last four weeks alone.
This upward trend is primarily driven by the following factors:
1. record oil production figures
Petrobras announced in January that oil production in 2025 had reached a new record of 2.40 million barrels per day. This exceeded the targets set, which corresponds to an increase of 11% compared to the previous year. Production was particularly strong in the profitable deepwater fields (pre-salt), which now account for 82% of total production.
2 Strategic investments and fleet expansion
The company recently secured a contract worth USD 560 million for the construction of gas tankers (LPG), barges and push boats at Brazilian shipyards. This measure to expand its own fleet reduces its dependence on expensive charter ships and at the same time strengthens the local economy.
3. attractive dividend announcements
Investors reacted positively to the confirmation of the dividend policy:
A distribution totaling Real 12.16 billion was approved for the third quarter of 2025.
The payout will be made in two tranches in February and March 2026.
A special dividend was also announced, which will be paid out at the end of March 2026.
4. positive analyst ratings
Several financial institutions, including UBS, have raised their price targets and ratings for Petrobras following the strong production figures. "
Personally, I see all this as a positive development. Nevertheless, I wanted to $PETR4 (+2,3%) to add more soon and now the share price has run away from me a little.
Perhaps I'll wait for the dividend payments in February and March and hope that the distributions will pull the share price down a little.
