Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
Petrobras demonstrated strong cash flow in Q2 2024 with significant investments and dividends, despite a complex quarter affected by currency variations and tax transactions. The company’s net income would have been $5.4 billion with an EBITDA of $12 billion, if not for these non-cash affecting factors. Petrobras also achieved the lowest financial debt level since the third quarter of 2008 and increased contributions to society with 24% higher tax payments than the previous year.
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