Petroleo Brasileiro SA Petrobras (Petrobras) reported its financial performance for the first quarter of 2024, showcasing strong results with an adjusted EBITDA of R$ 60.0 billion, Operating Cash Flow of R$ 46.5 billion, and a net profit of R$ 23.7 billion. The company's financial debt was reported at US$ 27.7 billion, marking the lowest level since 2010, while gross debt was controlled at US$ 61.8 billion, aligning with the strategic plan. Petrobras also highlighted its contribution to society by paying R$ 68.2 billion in taxes and distributing R$ 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 company's refining facilities operated at a high utilization rate...Show More

Petroleo Brasileiro SA Petrobras (Petrobras) reported its financial performance for the first quarter of 2024, showcasing strong results with an adjusted EBITDA of R$ 60.0 billion, Operating Cash Flow of R$ 46.5 billion, and a net profit of R$ 23.7 billion. The company's financial debt was reported at US$ 27.7 billion, marking the lowest level since 2010, while gross debt was controlled at US$ 61.8 billion, aligning with the strategic plan. Petrobras also highlighted its contribution to society by paying R$ 68.2 billion in taxes and distributing R$ 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 company's refining facilities operated at a high utilization rate of 92%, with a significant yield for diesel, jet fuel, and gasoline. Petrobras expanded its sustainable product offerings, including the launch of R5 diesel with renewable content and a partnership for CAP Pro W asphalt sales. Additionally, the company 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 also included detailed information on sales revenues, cost of goods sold, operating expenses, and financial results, along with segment-specific performance for Exploration and Production, Refining, Transportation and Marketing, and Gas and Low Carbon Energies.