Petroleo Brasileiro SA- Petrobras ( (PBR) ) has provided an announcement.
Petrobras reported its financial results for the years ending December 31, 2024, and December 31, 2023, showing a decline in total assets from $217,067 million in 2023 to $181,645 million in 2024. The company’s sales revenues also decreased from $102,409 million in 2023 to $91,416 million in 2024, reflecting a challenging market environment. Despite these declines, Petrobras continues to manage its liabilities and equity, with a total of $122,295 million in liabilities and $59,350 million in equity as of the end of 2024. These financial results highlight the company’s ongoing efforts to navigate the volatile oil and gas market while maintaining its operational stability.
More about Petroleo Brasileiro SA- Petrobras
Petrobras, officially known as Petróleo Brasileiro S.A., is a Brazilian multinational corporation in the petroleum industry. It is primarily engaged in the exploration, production, refining, and transportation of oil and natural gas, with a significant focus on the Brazilian market.
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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