5 Best Crude Oil Stocks to Buy According to Analysts

In this article, we will discuss the 5 Best Crude Oil Stocks to Buy According to Analysts. For deeper discussion and analysis, read 13 Best Crude Oil Stocks to Buy According to Analysts.

5. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

On April 17, BofA upgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to Buy from Neutral and raised its price target to $24.80 from $18.70 after incorporating a higher oil price outlook. Despite strong year-to-date performance, the firm still sees appealing dividend yields for 2026 and 2027, even with increased capital expenditures. That combination of yield and commodity leverage is one reason Petrobras continues to attract global investors.

On April 13, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced that its board approved the resumption of construction on the long-idled Nitrogen Fertilizer Unit (UFN-III) in Três Lagoas after confirming economic viability under its 2026–2030 business plan. The company expects to invest roughly $1 billion, restart construction in 2026, and begin commercial operations by 2029. Strategically, the project could reduce Brazil’s dependence on imported fertilizers while expanding Petrobras’ natural gas market footprint.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is Brazil’s state-controlled integrated energy giant, founded in 1953 and headquartered in Rio de Janeiro. It operates across oil, gas, refining, logistics, and energy infrastructure, and is globally renowned for its leadership in deepwater and ultra-deepwater offshore production. Its pre-salt reserves are among the most attractive large-scale oil assets in the world.

The investment case for Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is straightforward: high-quality reserves, low lifting costs, strong cash generation, and often exceptionally high dividends. While state ownership introduces political considerations, those risks are frequently reflected in valuation, which can create opportunity. For investors willing to accept some geopolitical complexity in exchange for income and upside, Petrobras looks like one of the best crude oil stocks to buy in global energy today.