Petrobras surpreende com queda de 23% e dívida bruta que ultrapassa R$ 315 bilhões de reais

Petrobras Surprises With 23% Drop and Gross Debt Exceeding R$ 315 Billion

Written by Flavia Marinho

Published on 18/05/2024 at 11:46

A Petrobras registrou um lucro líquido de R$ 23,7 bilhões no primeiro trimestre de 2024, o que representa uma queda de 23% em comparação ao quarto trimestre de 2023.

Seja o primeiro a reagir!

Petrobras Reported a Net Profit of R$ 23.7 Billion in the First Quarter of 2024, Representing a 23% Drop Compared to the Fourth Quarter of 2023.

Petrobras reported a net profit of R$ 23.7 billion in Q1 2024 (1Q24). During this period, the company also recorded an Operating Cash Flow (OCF) of R$ 46.5 billion and an adjusted EBITDA of R$ 60 billion. The company’s financial debt was reduced by US$ 1.1 billion, reaching US$ 27.7 billion. The gross debt is US$ 61.8 billion, including leases. These figures are part of the Highlights of the Financial Results 1Q24, released on Monday night (May 13).

“We remain committed to executing and funding the planned investments, with capital discipline and value generation for shareholders and society. The financial and operational results of Petrobras in Q1 2024 are aligned with the company’s trajectory to efficiently and sustainably fulfill its Strategic Plan (2024-28). We maintained a consistent cash generation, ensuring safety for future investments, especially those focused on the company’s production growth,” stated the president (at the time) of Petrobras, Jean Paul Prates.

Petrobras Returned R$ 68.2 Billion in Taxes to Society

During the period, Petrobras returned R$ 68.2 billion in taxes to society. Dividends of R$ 13.4 billion were proposed for the quarter.

ARTICLE CONTINUES BELOW

Investments in the Quarter Totaled US$ 3 Billion (Approximately R$15 Billion), Distributed Among Exploration and Production; Refining, Transportation, and Commercialization; and Gas and Low-Carbon Energies.

One highlight in the results of 1Q24 is the amount of investments, totaling US$ 3 billion (approximately R$15 billion), distributed among Exploration and Production; Refining, Transportation, and Commercialization; and Gas and Low-Carbon Energies. In Exploration and Production, US$ 2.5 billion was invested in the development of major projects that will sustain production curves in the coming years. Investments in the Pre-Salt of the Santos Basin (US$ 1.3 billion), particularly in the Búzios and Mero fields; and in the Pre and Post-salt projects in the Campos Basin (US$ 600 million), such as the Jubarte, Marlim, and Raia Manta and Pintada fields; along with exploratory investments (US$ 200 million) stand out.

In the Refining, Transportation, and Commercialization segment, investments totaled US$ 360 million, with an emphasis on scheduled refinery shutdowns and the new HDT at REPLAN. In the Gas and Low-Carbon Energies segment, investments reached US$ 100 million, with an emphasis on the Natural Gas Processing Unit of Rota 3.

The Average Production of Oil, LGN, and Natural Gas by Petrobras in 1Q24 Reached 2,776 Million Barrels of Oil

The average production of oil, LGN, and natural gas by Petrobras in 1Q24 reached 2,776 million barrels of oil equivalent per day (boed), an increase of 3.7% compared to the same period the previous year (1Q23). Among the main factors for this variation are the production evolution of the FPSOs Almirante Barroso, P-71, Anna Nery, Anita Garibaldi, and Sepetiba, along with the start of production from 19 new wells from complementary projects in the Campos (11) and Santos (8) Basins.

Another milestone of the quarter occurred in Búzios, where the shared reservoir reached 1 billion barrels of oil produced, with five platforms: P-74, P-75, P-76, P-77, and Almirante Barroso. This production represents a milestone for the sector.

In the refining sector, Petrobras achieved a FUT of 92%, with a yield of 67% of Diesel, QAV, and Gasoline, representing high utilization with operational efficiency and value generation.

The expansion of the offer of more sustainable products was also a highlight, with the start of commercialization of Diesel R5 (with renewable content) in São Paulo and the establishment of partnerships for the sale of CAP Pro W asphalt.

To check the full results of Petrobras for 1Q24, access the link provided by the company.

Petrobras Surprises With 23% Drop and Gross Debt Exceeding R$ 315 Billion

Petrobras Reported a Net Profit of R$ 23.7 Billion in the First Quarter of 2024, Representing a 23% Drop Compared to the Fourth Quarter of 2023.

Petrobras Returned R$ 68.2 Billion in Taxes to Society

Investments in the Quarter Totaled US$ 3 Billion (Approximately R$15 Billion), Distributed Among Exploration and Production; Refining, Transportation, and Commercialization; and Gas and Low-Carbon Energies.

The Average Production of Oil, LGN, and Natural Gas by Petrobras in 1Q24 Reached 2,776 Million Barrels of Oil

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Brazilian cities shining from space impress in a new image from NASA that reveals São Paulo, Rio, BH, and other urban centers during the historic Artemis II mission, which also captured the Moon like never before.

While nuclear energy projects typically take more than a decade, France has built a system over the years where about 70% of electricity comes from nuclear power plants, ensuring energy stability with low carbon emissions.

A mixture of PVA glue with water becomes a cheap sealer and helps to reinforce the wall before rain, reducing light infiltrations when applied at the right time.

Brazilian scientists use high-frequency ultrasound to burst Covid-19 and H1N1 viruses without damaging human cells and point to a path for new treatments against dengue and zika.

Scientists find a super-reservoir of 6,000 km³ of magma beneath Tuscany at depths of up to 15 km, paving the way to explore geothermal energy, lithium, and rare earth elements.

Red dots from the James Webb may reveal black holes that are relics from before the Big Bang, says a study proposing a “Great Bounce” and suggesting a connection with dark matter.

Petrobras Surprises With 23% Drop and Gross Debt Exceeding R$ 315 Billion

Petrobras Reported a Net Profit of R$ 23.7 Billion in the First Quarter of 2024, Representing a 23% Drop Compared to the Fourth Quarter of 2023.

Petrobras Returned R$ 68.2 Billion in Taxes to Society

Investments in the Quarter Totaled US$ 3 Billion (Approximately R$15 Billion), Distributed Among Exploration and Production; Refining, Transportation, and Commercialization; and Gas and Low-Carbon Energies.

The Average Production of Oil, LGN, and Natural Gas by Petrobras in 1Q24 Reached 2,776 Million Barrels of Oil

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Brazilian cities shining from space impress in a new image from NASA that reveals São Paulo, Rio, BH, and other urban centers during the historic Artemis II mission, which also captured the Moon like never before.

Paraguay launches Investor Pass in São Paulo and allows direct permanent residency for foreigners without going through temporary residency with investment in real estate, stocks, or tourism.

Oil prices soar after Iran and the U.S. attack ships in the Strait of Hormuz, with Brent crude reaching $95.59 amid the risk of a new war.

Premium cleaners charge up to R$ 1,000 for 8 hours, earn above the CLT and public servants, and go viral on social media, but experts warn of risks without guarantees.

Almost 70% of Brazilians have debts and 41% have not paid back friends and family after borrowing, according to Datafolha; revolving credit turns into a snowball and financial pressure affects 45%.

Lula landed in Germany with state honors, has 10 agreements to sign in areas such as defense, artificial intelligence, and clean energy, and will also open the largest industrial technology fair in the world, where Brazil is the honored country.

While nuclear energy projects typically take more than a decade, France has built a system over the years where about 70% of electricity comes from nuclear power plants, ensuring energy stability with low carbon emissions.

A mixture of PVA glue with water becomes a cheap sealer and helps to reinforce the wall before rain, reducing light infiltrations when applied at the right time.

Brazilian scientists use high-frequency ultrasound to burst Covid-19 and H1N1 viruses without damaging human cells and point to a path for new treatments against dengue and zika.

Scientists find a super-reservoir of 6,000 km³ of magma beneath Tuscany at depths of up to 15 km, paving the way to explore geothermal energy, lithium, and rare earth elements.

Red dots from the James Webb may reveal black holes that are relics from before the Big Bang, says a study proposing a “Great Bounce” and suggesting a connection with dark matter.