Petrobras Seals Multi‑Billion‑Dollar Long‑Term Feedstock Supply Deals With Braskem
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The latest update is out from Petroleo Brasileiro SA- Petrobras ( (PBR) ).
On December 18, 2025, Petrobras announced it had signed a series of new long‑term related‑party commercial contracts with petrochemical producer Braskem to replace expiring agreements and secure future supply arrangements. The deals include five‑year naphtha supply contracts for Braskem’s plants in São Paulo, Bahia and Rio Grande do Sul, worth an estimated US$11.3 billion and allowing deliveries of up to 4.116 million tons in 2026 and 4.316 million tons in 2030 starting January 1, 2026; an 11‑year, US$5.6 billion contract for ethane, propane and hydrogen to Braskem’s operations in Rio de Janeiro, maintaining current volumes through 2028 and increasing from 2029 to support a planned expansion; and five‑year propylene supply contracts from the Reduc, Recap and Refap refineries totaling an estimated US$940 million from May 18, 2026. Classified as related‑party transactions, the contracts were reviewed by Petrobras’ Statutory Audit Committee and are positioned as market‑based, commutative agreements, underscoring Petrobras’ strategy to lock in substantial, benchmark‑linked revenue streams while reinforcing its role as a critical feedstock supplier to Brazil’s petrochemical chain and providing Braskem with long‑term volume and pricing visibility.
The most recent analyst rating on (PBR) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on Petroleo Brasileiro SA- Petrobras stock, see the PBR Stock Forecast page.
Spark’s Take on PBR Stock
According to Spark, TipRanks’ AI Analyst, PBR is a Neutral.
Petrobras scores well due to its strong financial performance and attractive valuation, particularly its low P/E ratio and high dividend yield. However, technical analysis indicates some bearish momentum, which could pose short-term risks.
To see Spark’s full report on PBR stock, click here.
More about Petroleo Brasileiro SA- Petrobras
Petróleo Brasileiro S.A. – Petrobras is Brazil’s state-controlled integrated oil and gas company, operating across exploration, production, refining and petrochemicals, with a key role as a supplier of feedstocks such as naphtha, ethane, propane, hydrogen and propylene to Brazil’s downstream and petrochemical industries.
Average Trading Volume: 22,490,026
Technical Sentiment Signal: Hold
Current Market Cap: $73.74B
Find detailed analytics on PBR stock on TipRanks’ Stock Analysis page.
