Wednesday, June 19, 2024
HomeIndustryPetrobras Boasts Operational Gains, Despite Weak Prices

Petrobras Boasts Operational Gains, Despite Weak Prices

Published on

Latest articles

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in Kotak General

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in...

Vodafone Idea shares zoom 14% today; key technical levels to watch out for

Vodafone Idea shares zoom 14% today; key technical levels to watch out for Vodafone Idea...

Nadeem Amin is the New President for Netstal Americas

Nadeem Amin is the New President for Netstal Americas Netstal appoints Nadeem Amin as its...

SCREEN Launches High-Density SU Ink For Uncoated Papers Used By Truepress JET 520HD Mono

SCREEN Launches High-Density SU Ink For Uncoated Papers Used By Truepress JET 520HD Mono It...


Petrobras Boasts Operational Gains, Despite Weak Prices


August 8, 2023–Researched by Amir Richani for Industrial Info Resources (Sugar Land, Texas)–Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil) reported a net income of US$5.8 billion amid stable production in the second quarter of 2023. The company was upbeat about its operations, particularly its refining rates, despite a nearly 50% drop in net income from second-quarter 2022, which it attributed to weak energy prices.

Petrobras’ oil production stood at 2.1 million barrels per day (BBL/d) for the second quarter, on par with the previous quarter and second-quarter 2022. Pre-salt volumes accounted for about 80% of the total output, as the company bets heavily on offshore production.





Source link

More like this

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in Kotak General

Kotak Mahindra shares rise 4% on RBI nod to Zurich Insurance buying 70% in...

Vodafone Idea shares zoom 14% today; key technical levels to watch out for

Vodafone Idea shares zoom 14% today; key technical levels to watch out for Vodafone Idea...

Nadeem Amin is the New President for Netstal Americas

Nadeem Amin is the New President for Netstal Americas Netstal appoints Nadeem Amin as its...