INSUBCONTINENT EXCLUSIVE:
The company reported a net profit of R$32.6 billion ($5.7 billion) for the third quarter of 2024
This figure represents a 22.3% increase compared to the same period last year
($22.7 billion), marking a 6% rise from the previous year
This increase stems from higher sales volumes of oil derivatives
Petrobras managed to offset the impact of declining oil prices through strategic market positioning.However, the adjusted EBITDA saw a
slight decrease of 3.8%, settling at R$63.7 billion ($11.2 billion)
The recurring EBITDA also experienced a minor dip of 3.7%, reaching R$64.4 billion ($11.3 billion)
These figures reflect the challenging market conditions Petrobras navigated during the quarter.In a move that will likely please
shareholders, Petrobras approved a dividend payment of R$17 billion ($3 billion)
Analysts had projected a net profit of R$31.17 billion for the quarter
paint a more complex picture
The cumulative net profit for the first nine months of 2024 stood at R$53.65 billion ($9.4 billion)
This represents a 47.7% decrease compared to the same period in 2023
The significant drop stems from an agreement with the Brazilian government to resolve long-standing tax disputes.Petrobras Defies Market
reaching R$369.56 billion ($64.8 billion)
The operating result (EBITDA) for this period decreased by 11.2% to R$173.45 billion ($30.4 billion).Petrobras has also made strides in
reached $10.89 billion in the first nine months of 2024
This figure represents a 19.5% increase compared to the same period last year
2.721 million barrels of oil equivalent per day from January to September
While this marks a slight 0.4% decrease from the previous year, the company expects to end 2024 with an average production of 2.8 million
