Petroleo Brasileiro SA Petrobras ADR

PBR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$31.30	Wnpl	Jgtrxgl

Petrobras Earnings: New Remuneration Policy Not As Generous, but Still Favorable

Allen Good

Aug 7, 2023

Petrobras reported second-quarter adjusted recurring EBITDA fell to BRL 58.2 billion from BRL 99.3 billion a year before largely on lower oil prices. However, the main story was the new remuneration policy.

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