The Strategist

Brazilian oil and gas giant Petrobras reports profits



05/06/2022 - 09:05



Brazilian oil and gas giant Petrobras posted a net profit attributable to company shareholders of $8.648 billion in the first three months of 2022, a 43-fold increase on the previous year, the company said.



Tânia Rêgo
Tânia Rêgo
Revenues in the first three months of the year reached $27.189 billion, 1.7 times higher year on year. Adjusted EBITDA rose 1.7 times to $14.961 billion.

The company's total debt was $40.072 billion as of 31 March 2022.

The company's shares are up 2.56% in pre-trade on the New York Stock Exchange.

Petrobras is an energy company operating mostly in Brazil. It was founded in 1953.

source: bloomberg.com

 




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