Petrobras Faces Significant First Quarter Profit Drop

Petrobras, Brazil’s state-owned oil giant, reported a significant 37.9% decline in net profit for the first quarter of 2024. The net profit fell to 23.7 billion reais ($4.6 billion). This decline is notable compared to the same period last year. Profits also decreased by 23.7% from the fourth quarter of 2023. Lower sales volumes, falling […]

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