Petrobras Reports Decline in Assets and Revenue

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

Petrobras, the Brazilian oil giant, reported a decline in its total assets from $217 billion at the end of 2023 to $198 billion as of September 2024. The company also saw a decrease in sales revenues, generating $70.6 billion for the first nine months of 2024 compared to $75.3 billion in the same period last year. Despite these challenges, Petrobras continues to maintain a strong equity position, with shareholders’ equity standing at $72.5 billion.

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