Petroleo Brasileiro SA- Petrobras ( (PBR) ) has shared an update.
Petrobras released its financial statements for the years ending December 31, 2024, and 2023, highlighting a decrease in cash and cash equivalents from 2023 to 2024, while marketable securities increased. The company’s total assets and liabilities both saw an increase over the year. The report provides a detailed account of the company’s financial position, including trade receivables, inventories, and liabilities, indicating a robust asset base but also a significant financial debt. This financial update is crucial for stakeholders to assess Petrobras’s financial health and strategic positioning in the energy sector.
More about Petroleo Brasileiro SA- Petrobras
Petróleo Brasileiro S.A. – Petrobras is a Brazilian multinational corporation in the petroleum industry, primarily engaged in the exploration, production, refining, and transportation of oil and gas. The company is a significant player in the global energy market, focusing on the development of Brazil’s vast offshore oil reserves.
YTD Price Performance: 8.16%
Average Trading Volume: 13,582,469
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $88.01B
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