Petrobras announced its financial results for Jan-Sep 2024, revealing a 44.7% decrease in net income to $10.3 billion compared to the same period in 2023. This decline was attributed to a 6.2% drop in sales revenues and increased expenses, including a 27.8% rise in income expenses and a significant increase in net finance expenses.The company's gross profit fell by 8.5% to $36 billion, while adjusted EBITDA decreased by 14.7%. Despite these challenges, Petrobras maintained a positive free cash flow of $19.6 billion. Capital expenditures rose by 19.5%, focusing on exploration and production projects.Looking ahead, Petrobras continues to manage its debt profile, with gross debt reduced by 5.5% to $59.1 billion. The company remains committed to its strategic plan, focusing on profitable investment projects in oil and gas production.

Petrobras announced its financial results for Jan-Sep 2024, revealing a 44.7% decrease in net income to $10.3 billion compared to the same period in 2023. This decline was attributed to a 6.2% drop in sales revenues and increased expenses, including a 27.8% rise in income expenses and a significant increase in net finance expenses.The company's gross profit fell by 8.5% to $36 billion, while adjusted EBITDA decreased by 14.7%. Despite these challenges, Petrobras maintained a positive free cash flow of $19.6 billion. Capital expenditures rose by 19.5%, focusing on exploration and production projects.Looking ahead, Petrobras continues to manage its debt profile, with gross debt reduced by 5.5% to $59.1 billion. The company remains committed to its strategic plan, focusing on profitable investment projects in oil and gas production.