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Petrobras: net profit of $ 4.7 billion in the 2nd quarter

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Petrobras: net profit $ 4.7:

 petrobras: net profit $ 4.7

Keystone-SDA

Petrobras. For example, the Brazilian energy giant, announced Thursday evening a sharp increase in its profits in the second quarter of 2025, against net losses during the same period last year. Similarly,

(Keystone-ATS) The net profit of the Brazilian public oil company amounted to $ 4.734 billion (26.652 billion reais) between April and June, against a drop of $ 468.7 million over the same period in 2024.

According to the Petrobas press release, financial performance was partly stimulated by petrobras: net profit $ 4.7 the increase in oil production.

Its president, Magda Chambriard, praised “excellent” operating results, with daily production of 2.3 million barrels of crude oil in the second quarter. an increase of 5% compared to the first quarter and 8% compared to the same period last year, according to a press release.

The company has succeeded in increasing its volumes of gas. oil thanks to new production systems and greater “efficiency”, “what has been positively reflected in financial results,” said administrative and financial director Fernando Melgarejo, quoted in the text.

Petrobras had announced a net profit of $ 6 billion in the first quarter, an increase of 48.5% compared to the same period in 2024.

The oil company awaits a license from the public environmental surveillance organization to start exploratory drilling in an area of approximately 350. 000 square kilometers near the mouth of the Amazon river, in northern Brazil.

President Luiz Inácio Lula da Silva is petrobras: net profit $ 4.7 favorable to this oil megaproject. arguing that the energy transition requires considerable income to finance it.

However. he suffered criticism from environmental organizations, a few months before the COP30 holding, the climate conference to be held in Brazil in November in Belém, in Amazon.

Petrobras also announced on Thursday that it had approved dividend payment to shareholders of 8.66 billion reais (1.585 billion dollars at the current exchange rate), as an advance on the remuneration for the fiscal year 2025.

Petrobras: net profit $ 4.7

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sierra.vaughn
sierra.vaughn
Sierra translates drone-agriculture research into helpful guides for backyard tomato growers nationwide.
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