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PBR-

Petróleo Brasileiro S.A. - Petrobras

NYSE: PBR-A · ENERGY · OIL & GAS INTEGRATED

$19.88
+1.27% today

Updated 2026-04-30

Market cap
$129.13B
P/E ratio
6.20
P/S ratio
0.26x
EPS (TTM)
$3.04
Dividend yield
7.77%
52W range
$10 – $20
Volume
12.5M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Petróleo Brasileiro S.A. - Petrobras (PBR-A) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$19.88
Consensus
$22.00
+10.66%
2030 Target
$1,123.33
+5550.55%
DCF
—
—
1 analysts:
1 Buy3 Hold0 Sell

Management guidance

No specific multi-year revenue targets found in available guidance. CEO Magda Chambriard noted the company is 'reevaluating 2026 scenarios' due to geopolitical factors (US-Israel conflict with Iran). Petrobras plans refinery operations at 98.5% capacity in April 2026 and is executing major projects including Búzios platforms and pre-salt expansions, but no explicit revenue guidance for 2026-2030 periods was disclosed in recent filings.

Sources: Management guidance, analyst consensus, sector analysismedium confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,873.46
$612.0B Rev × 20x P/S
Base case (2030)
$1,123.33
$612.0B Rev × 12x P/S
Bear case (2030)
$750.13
$612.0B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$105.5B$91.4B$90.8B$510.0B$535.0B$562.0B$588.0B$612.0B
Revenue growth—-13.4%-0.7%2.5%4.9%5.0%4.6%4.1%
EPS$4.13$1.91$3.09$3.18$3.35$3.52$3.65$3.75
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$936.73$983.38$1,031.90$1,080.41$1,123.33

Catalysts & risks

Growth catalysts
+ Pre-sal oil discoveries (Marlim Sul, Campos Basin) replenishing reserves and supporting production growth
+ Búzios platform ramp-up (platforms 6 & 7 in production) driving offshore output expansion
+ Campos Basin consolidation ($450M Petronas stake acquisition) improving operational efficiency and margins
+ Refinery capacity utilization optimization (98.5% target April 2026) boosting margins amid supply constraints
+ International exploration expansion (Colombia gas discoveries, Africa strategy) diversifying revenue streams
Key risks
- Geopolitical volatility (US-Israel-Iran conflict) creating commodity price and scenario uncertainty
- Brazilian government political interference on pricing (diesel price pressure, price controls)
- Oil price assumptions: projections assume $70-90 Brent range; sub-$60 would materially reduce revenue
- Currency risk: Brazilian Real weakness/strength vs USD affects reported USD revenues
- Energy transition and long-term demand uncertainty for fossil fuel-dependent business model

Methodology

Petróleo Brasileiro S.A. - Petrobras's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 1 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.