An announcement from Petroleo Brasileiro SA- Petrobras ( (PBR) ) is now available.
In 2024, Petrobras achieved significant operational and financial milestones, including generating $38 billion in operational revenue and reducing financial debt to $23 billion, the lowest since 2008. The company met its oil and gas production targets, with notable achievements such as the early start-up of the FPSO Maria Quitéria and record refinery utilization rates. Looking forward, Petrobras plans to increase refining capacity and oil production, aiming for 2.5 million barrels per day by 2027. The company emphasizes the importance of replenishing oil and gas reserves to maintain its industry position while committing to reducing operational emissions and pursuing profitable investments.
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 gas. The company focuses on maximizing value generation through efficient production and integration with downstream assets, while also prioritizing operational efficiency and project management.
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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