Petroleo Brasileiro SA Petrobras (Petrobras) reported its financial performance for the first quarter of 2024, showcasing robust results with an adjusted EBITDA of $12.1 billion, an operating cash flow of $9.4 billion, and a net profit of $4.8 billion. The company's financial debt stood at $27.7 billion, marking the lowest level since 2010, while gross debt was controlled at $61.8 billion, aligning with the strategic plan. Petrobras highlighted its contribution to society by paying $68.2 billion in taxes and distributing $14.60 billion in shareholder remuneration, including dividends and share buybacks. A production milestone was achieved in the Búzios field with a cumulative production of 1 billion barrels of oil. The refining utilization factor reached 92%, with a high yield for diesel, jet fuel, and gasoline. The company also expanded its sustainable product offerings, including the launch of R5 diesel with renewable content. Additionally, Petrobras acquired I-RECs to certify that all electricity acquired for its activities was generated from renewable sources, achieving neutrality of scope 2 emissions in 2023. The financial report was consolidated in accordance with IAS 34 and reviewed by independent auditors.

Petroleo Brasileiro SA Petrobras (Petrobras) reported its financial performance for the first quarter of 2024, showcasing robust results with an adjusted EBITDA of $12.1 billion, an operating cash flow of $9.4 billion, and a net profit of $4.8 billion. The company's financial debt stood at $27.7 billion, marking the lowest level since 2010, while gross debt was controlled at $61.8 billion, aligning with the strategic plan. Petrobras highlighted its contribution to society by paying $68.2 billion in taxes and distributing $14.60 billion in shareholder remuneration, including dividends and share buybacks. A production milestone was achieved in the Búzios field with a cumulative production of 1 billion barrels of oil. The refining utilization factor reached 92%, with a high yield for diesel, jet fuel, and gasoline. The company also expanded its sustainable product offerings, including the launch of R5 diesel with renewable content. Additionally, Petrobras acquired I-RECs to certify that all electricity acquired for its activities was generated from renewable sources, achieving neutrality of scope 2 emissions in 2023. The financial report was consolidated in accordance with IAS 34 and reviewed by independent auditors.