tiprankstipranks
Petrobras Hits Record Refinery Performance in 2024
Company Announcements

Petrobras Hits Record Refinery Performance in 2024

Petroleo Brasileiro SA- Petrobras (PBR) has released an update.

Pick the best stocks and maximize your portfolio:

Petrobras has achieved record-breaking performance in September 2024, with its Total Utilization Factor (FUT) of refineries hitting a peak of 96.8%, leading to a robust quarterly average of 95.2%. The company also set new highs in pre-salt oil processing, which constituted 73% of the total for the quarter, and in gasoline production, reaching 6.38 million cubic meters, alongside a notable increase in asphalt output. These milestones were attributed to modernization investments, asset reliability, process optimization, and innovative technologies.

For further insights into PBR stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyPetrobras files automatic mixed securities shelf
TipRanks Auto-Generated NewsdeskPetrobras Announces Dividend Payment to Shareholders
TipRanks Auto-Generated NewsdeskPetrobras Advances Emissions Reduction and Refinery Expansion
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App