Top 15 Energy Companies With the Highest Upside Potential

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

Upside Potential as of April 28: 44.47%

Next on our list of Energy Stocks with the Highest Upside Potential is Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), one of the largest oil and gas producers in the world. The Brazilian company is mainly dedicated to exploration and production, refining, energy generation, and marketing.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) reported a 10.5% YoY decrease in its total oil and gas production in Q4 2024, impacted by maintenance and unplanned stoppages at offshore production platforms, the natural decline of mature fields, and a strike at Brazil’s environmental agency, Ibama. The company’s exports also fell by 22% during the quarter, with most of its shipments headed to Europe. As a result, PBR posted a loss of $2.8 billion in Q4, blaming it on lower Brent prices and a ‘highly volatile’ market for diesel.

Despite the loss, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced dividends of around $1.5 billion for Q1 2025, for which it will use its cash reserves. PBR is known for its commitment to shareholders, and its dividends from 2021 to 2023 stood at $69.8 billion. The company currently boasts a massive annual dividend yield of 23%.

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