Downstream Financial PerformanceThe downstream segment of the company is experiencing a formidable surge in profitability, with a substantial increase in adjusted EBITDA attributed to elevated fuel prices coupled with diminished cost pressures.
Operational EfficiencyOperational excellence is evident as the company's consolidated lifting costs have markedly decreased, thanks to substantial currency devaluation and a bullish oil market.
Upstream Financial PerformanceThe company's upstream segment demonstrates robust growth with a significant rise in adjusted EBITDA, propelled by surging production levels and favorable pricing conditions.