Petroleo Brasileiro SA Petrobras (PBR) shares soared 5.02% during intraday trading on Friday, significantly outpacing broader market movements.

The surge follows the company's late Thursday announcement of its fourth-quarter financial results, which showed a dramatic swing to a profit of $2.9 billion from a loss of $2.77 billion a year earlier. Revenue for the quarter also increased to $23.61 billion, up from $20.82 billion a year ago, exceeding analyst expectations.

The stock's performance was further buoyed by a strong pre-market session for the broader energy sector, with rising oil and natural gas prices contributing to positive sentiment across energy stocks.