Official Petrobras Balance Released: Oil Company Achieved Record Profit of R$ 53.3 Billion in Second Quarter of This Year

Written by Roberta Souza

Published on 30/07/2022 at 10:34

Foto: reprodução petrobras.com.br

Seja o primeiro a reagir!

Among Other Factors, Petrobras’ Record Profit Can Be Associated with the PPI and Rising Oil Prices in the International Market. The State-owned Company Also Announced the Payment of R$ 87.8 Billion in Dividends

Last Thursday (the 28th), Petrobras submitted the official balance sheet for the second quarter of this year to the Securities and Exchange Commission (CVM). It showed that the oil company achieved a gross profit of R$ 95.861 billion and a net profit of R$ 53.3 billion from April to June, which represents a new record for the state-owned company.

Additionally, it was also announced that Petrobras will pay its shareholders R$ 87.8 billion in dividends, of which R$ 32.1 billion will be transferred to the Union (including BNDES and BNDESPar).

According to the report, the company additionally collected a total of R$ 77 billion in taxes and government participations during the second quarter. In the entire year, about R$ 147 billion was collected – an increase of 92% compared to the first half of 2021.

ARTICLE CONTINUES BELOW

Petrobras’ Record Transfer to the Union Helps the Government Pay Its Bills

The record transfer made by Petrobras to the Union is expected to ease the government’s finances, which have been strained due to the payment of the “Goodies Package.” In order for the State to end the year with a positive balance, the Secretary of the Treasury and Budget of the Ministry of Economy, Esteves Colnago, decided to request state-owned companies to make additional dividend payments. Given this context, Petrobras communicated, through a “material fact” to the market, that the request was included in its planning.

In the first quarter of 2022, the oil company paid R$ 48.5 billion in dividends, of which R$ 17.7 billion were transferred to the Union.

Study Links Petrobras’ Record Profit to Three Different Factors

According to an analysis conducted by the Institute of Strategic Studies in Oil, Natural Gas, and Biofuels (Ineep), the record profit earned by Petrobras in the second quarter of this year can be explained by three factors.

Firstly, there is the increase in the state-owned company’s revenue from fuel sales, thanks to the Import Parity Price (PPI) policy. In Brazil, the PPI ensures that fuels are priced in accordance with fluctuations in the price of oil in the international market. Thus, given the rising input costs, Ineep assesses that most of the total revenue accumulated by Petrobras during the second quarter came from the revenue generated from fuel sales in the domestic market.

The second factor linked to the company’s record profit, according to the institute, is the reduction in the state-owned company’s production costs due to the high productivity of the pre-salt. According to Petrobras, 73% of the total production in the second quarter of this year came from the pre-salt, where 1.94 million barrels of oil were extracted daily.

Finally, the last factor highlighted by Ineep concerns the sale of assets and financial compensation, which totaled R$ 33 billion for the company between April and June.

Official Petrobras Balance Released: Oil Company Achieved Record Profit of R$ 53.3 Billion in Second Quarter of This Year

Among Other Factors, Petrobras’ Record Profit Can Be Associated with the PPI and Rising Oil Prices in the International Market. The State-owned Company Also Announced the Payment of R$ 87.8 Billion in Dividends

Petrobras’ Record Transfer to the Union Helps the Government Pay Its Bills

Study Links Petrobras’ Record Profit to Three Different Factors

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Oil drives Brazil’s GDP and repositions the country among the largest economies in the world.

Science discovers that the air is not empty as it seems, but rather a gigantic natural archive that stores DNA of animals, plants, and humans without anyone noticing.

Ocean warming spikes in 2026 even without El Niño, approaches the record of 2024, and raises global alarm with the Arctic at its lowest ice level and an energy imbalance of the Earth at its highest in 65 years.

The seven-blade propeller could equip the M700 FURY aircraft, making it quieter and more efficient, after certification from EASA.

Corn outside the window may dry out in May and June: rain will only last until the end of April, El Niño is still uncertain, and three waves of polar air may bring strong frosts as early as the second half of May.

Official Petrobras Balance Released: Oil Company Achieved Record Profit of R$ 53.3 Billion in Second Quarter of This Year

Among Other Factors, Petrobras’ Record Profit Can Be Associated with the PPI and Rising Oil Prices in the International Market. The State-owned Company Also Announced the Payment of R$ 87.8 Billion in Dividends

Petrobras’ Record Transfer to the Union Helps the Government Pay Its Bills

Study Links Petrobras’ Record Profit to Three Different Factors

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

China suspends meat imports from a slaughterhouse in Várzea Grande, and the market tries to panic: an analyst says that the ban is common, may affect only one batch, and does not lower cattle prices.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.

Whoever earns R$ 7,000 in Brazil did not receive an exemption from income tax in 2026 and has become the preferred target of the financial system, living in the most dangerous trap of the middle class.

After the U.S. oil blockade, Cuba faces an unprecedented collapse and puts its $827 million cigar industry at risk with blackouts, mass exodus, and production at the lowest level in history.

Rocket Lab signs $190 million contract to provide hypersonic suborbital launches for U.S. defense testing.

Oil drives Brazil’s GDP and repositions the country among the largest economies in the world.

Science discovers that the air is not empty as it seems, but rather a gigantic natural archive that stores DNA of animals, plants, and humans without anyone noticing.

Ocean warming spikes in 2026 even without El Niño, approaches the record of 2024, and raises global alarm with the Arctic at its lowest ice level and an energy imbalance of the Earth at its highest in 65 years.

The seven-blade propeller could equip the M700 FURY aircraft, making it quieter and more efficient, after certification from EASA.

Corn outside the window may dry out in May and June: rain will only last until the end of April, El Niño is still uncertain, and three waves of polar air may bring strong frosts as early as the second half of May.