Petrobras: Expanding Production At Attractive Breakeven Economics
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Petrobras is set to increase upstream production with low-cost economics, focusing on volume growth as the key driver due to limited oil price upside. The company is valued at a 27% discount compared to peers based on a 1-year forward EV/EBITDA.
January 03, 2025 | 11:45 am
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Petrobras is expanding its upstream production with attractive low-cost economics, focusing on volume growth due to limited oil price upside. The company is valued at a 27% discount compared to peers.
Petrobras is increasing production at low costs, which is positive for its financial performance. The limited upside in oil prices shifts focus to volume growth, a key driver for the company. The 27% discount in valuation compared to peers suggests potential for stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100