Petroleo Brasileiro SA Petrobras (Petrobras) reported its financial performance for the fourth quarter of 2023, highlighting significant achievements and strategic advancements. The company's CEO, Jean Paul Prates, expressed pride in the excellent economic and financial results, emphasizing the construction of a more resilient Petrobras capable of generating long-term value. The company's strategic plan, adapted to the new energy context, focuses on decarbonization, strategic shifts, and novel solutions in response to reduced fossil fuel demand. Petrobras continues to invest in oil and gas exploration, integrating with downstream operations, and diversifying into profitable low carbon businesses. The company's total shareholder return for 2023 reached 112%, outperforming major competitors. Notable highlights include the second-highest annual EBITDA in history at US$ 52.4 billion...Show More

Petroleo Brasileiro SA Petrobras (Petrobras) reported its financial performance for the fourth quarter of 2023, highlighting significant achievements and strategic advancements. The company's CEO, Jean Paul Prates, expressed pride in the excellent economic and financial results, emphasizing the construction of a more resilient Petrobras capable of generating long-term value. The company's strategic plan, adapted to the new energy context, focuses on decarbonization, strategic shifts, and novel solutions in response to reduced fossil fuel demand. Petrobras continues to invest in oil and gas exploration, integrating with downstream operations, and diversifying into profitable low carbon businesses. The company's total shareholder return for 2023 reached 112%, outperforming major competitors. Notable highlights include the second-highest annual EBITDA in history at US$ 52.4 billion, operating cash flow of US$ 43.2 billion, and a proposal for dividends of R$ 72.4 billion for 2023. Petrobras also achieved annual production records, with pre-salt production reaching 2.17 MMboed, and started up four new production systems. The company's commitment to diversity, equity, and inclusion, as well as its efforts in reducing emissions and increasing carbon efficiency, were also emphasized. The financial report includes detailed sales revenues, gross profit, operating expenses, and consolidated net income, among other financial metrics.