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Montevideo, May 23rd 2017 - 06:56 UTC

Petrobras performance improving: largest quarterly earnings in two years

Wednesday, May 17th 2017 - 15:53 UTC
Full article 1 comment

Brazilian state-controlled oil company Petrobras reported its largest quarterly earnings in two years as crude prices rose and the government allowed it to sell fuel at a profit in the domestic market. Petrobras posted a 4.5 billion reais net profit (US$ 1.4bn) in the January to March period, reversing a 1.25 billion reais loss (US$ 400 million) in the first three months of 2016. Read full article


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  • Jack Bauer

    Well, at that rate it'll take only 27 years to pay off the debt.....provided no dividends are paid....reason why the shares are worth shite...

    Posted 4 days ago - Link - Report abuse 0

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