Petroleo Brasileiro SA Petrobras (PBR) News & EventsPBRNews & EventsPetroleo Brasileiro SA Petrobras

Petrobras Shares Rise 0.96% to $18.43

Moderately bullish activity in Petrobras (PBR), with shares up 18c, or 0.96%, near $18.43. Options volume relatively light with 40k contracts traded and calls leading puts for a put/call ratio of 0.33, compared to a typical level near 0.51. Implied volatility (IV30) dropped 0.03 near 30.73,and below the 52wk median, suggesting an expected daily move of $0.36. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Outperform at Bradesco BBI.

Baker Hughes Signs Major Contract with Petrobras

Baker Hughes (BKR) announced Tuesday a major contract extension with Petrobras (PBR) to provide integrated solutions for well construction across Brazil's Santos Basin. Baker Hughes will expand the company's well construction operations in several of the basin's oilfields. The company's advanced portfolio will be deployed across the construction portfolio of deepwater wells, enabling efficient access to subsurface reservoirs and supporting the ongoing development of Brazil's pre-salt oil & gas resources.

Petrobras Shares Up 0.37%, Mixed Options Sentiment

Mixed options sentiment in Petrobras (PBR), with shares up 8c, or 0.37%, near $20.45. Options volume relatively light with 14k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.62. Implied volatility (IV30) dropped 0.07 near 43.89, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.57. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Petrobras (PBR) will report earnings after the close on 2026-05-11.Option markets are pricing in a 50% probability of a move greater than 4.36% or $0.89.