Petrobras Reports Mid-Year Financial Results

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

Petrobras, the Brazilian oil giant, has released its financial statements for the first half of 2024, showing a slight decline in sales revenues compared to the previous year. The company’s total assets have decreased from $217.07 billion at the end of 2023 to $190.45 billion as of June 30, 2024. Despite the overall decrease, Petrobras reports a gross profit for the six-month period, emphasizing the resilience of its operations amid fluctuating market conditions.

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