US Edition
Brazil's Petrobras Posts $4.7 Bn Second-Quarter Profit
45 Articles
45 Articles
Petrobras Swings Into Profit in Q2
Brazil’s Petrobras reported a profit for the second quarter of the year, booking a net positive result of some $1.6 billion after posting a loss of $480 million for the first quarter of the year. The positive result came despite weaker average oil prices, the company noted. The company reported an average production rate of 2.91 million barrels of oil equivalent for the three-month period, noting it was 5% higher than the average for the first q…
Daily Journal
Brazil's Petrobras posts $4.7 bn second-quarter profit
Brazil's state-owned oil company Petrobras posted a hefty net profit of $4.7 billion in the second quarter, recovering sharply from net losses in the same period last year, the company said Thursday.
Despite a robust operational performance, financial numbers were pressured by higher investments and lower oil prices, leading to decline in shares.
Brazilian energy giant Petrobras announced late Thursday a sharp rise in profits for the second quarter of 2025, compared to net losses in the same period last year.
Coverage Details
Bias Distribution
- 55% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
