Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
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Petrobras reported robust financial performance in Q3 2024, with a net profit of $5.9 billion and strong cash generation of $11.3 billion, despite declining Brent prices. The company also increased its investments by 30% to $4.5 billion, focusing on strategic projects like the early start-up of FPSOs Maria Quitéria and Marechal Duque de Caxias. Additionally, Petrobras maintained its financial discipline with the lowest debt level since 2008, enhancing shareholder value through dividend approvals.
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