US EditionPetrobras approves $2.1 billion in shareholder dividends despite lower oil prices – Oil & Gas 360
- Petrobras approved $2.1 billion in first-quarter dividends despite oil prices falling below $60 per barrel in early 2025.
- This followed strong operational results including a 5.4% production increase and discoveries of high-quality oil in the Santos Basin's Aram block.
- The company reported net revenue of 123.1 billion reais, slightly below analysts' 124.9 billion reais forecast, and net profit rose 48.6% to 35.2 billion reais.
- Petrobras CEO Magda Chambriard highlighted that the company commenced 2025 with strong operational performance and solid financial standings, while CFO Fernando Melgarejo reaffirmed their dedication to carrying out the business plan.
- Petrobras aims to expand deepwater production despite capital expenditure concerns and seeks environmental permits to drill near the Amazon coast by May 15.
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Petrobras approves $2.1 billion in shareholder dividends despite lower oil prices – Oil & Gas 360
(World Oil) – Brazil’s state-controlled oil producer Petrobras approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices. Petrobras will pay $2.1 billion USD (11.72 billion reais) in first-quarter dividends, it said in a filing Monday. Expectations were for a $2.2 billion payout, according to an average of six analyst forecasts reviewed by Bloomberg. Brazil’s oil giant has been
Real Time: Ibovespa Reperciates Copom Minutes, Petrobras Balance (Petr4) and Inflation in the USA - Global Happenings
Summary: THE Ibovespa (Ibov) has a full agenda on Tuesday (13). Investors reverberate the Petrobras Balance (PETR4), which was released yesterday after the close of the trading session. In addition, now morning the minutes of the last meeting of the Monetary Policy Committee (Copom) and the consumer price index (CPI) In the United States. On the corporate side, the first quarter balance sheets of 2025 (1T25) Follows with the dissemination of the…
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JingletreePetrobras reports 48.6% profit increase and declares $2.1bn in dividends
Brazil's Petrobras has reported a 48.6% increase in net profit to 35.2bn reais ($6.21bn) in the first quarter of 2025 compared to the same period last year, bolstered by non-recurring events.
Petrobras increases profits by 48.6% in the first quarter
The largest company in Brazil returned to the profits in the last quarter of the year, when it lost 17.04 billion real estates (2.71 billion euros), according to the market balance. The results are due in part to "a higher cash flow, mainly due to an increase of 5% in the production volume" of oil and gas in relation to the previous quarter and partial recovery of the real Brazilian dollar, reported the company. The volume of business of petrole…
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