Brazilian Stock Market Surges 43.9% to 283rd Position as Petrobras Shares Rise for Sixth Day

On May 13, 2025, Brazilian saw a trading volume of 3.84 billion, marking a 43.9% increase from the previous day. This surge placed Brazilian in the 283rd position in terms of trading volume for the day. Petrobras (PBR) experienced a 0.99% increase, marking its sixth consecutive day of gains, with a total increase of 8.84% over the past six days.

Petrobras reported higher earnings and dividends for the first quarter, which contributed to the rise in its stock price. The company declared a dividend of 0.909 Brazilian reais per share, equivalent to $0.32 per ADR, totaling $2.04 billion. This dividend, however, was approximately 7% lower than the previous year's payout.

Petrobras also announced a significant oil discovery in Brazil's Santos Basin, which is expected to enhance its production capabilities and financial performance. The company's strategic plan for the 2025-29 period, initially set at $102 billion, was later increased to $111 billion, reflecting its ambitious growth objectives.

In addition to its financial performance, Petrobras is also focusing on its environmental, social, and governance (ESG) initiatives. The company has set a target to achieve carbon neutrality by 2050, backed by concrete steps such as investments in renewable energy and sustainable practices in the Amazon region.