by Amruth Sundarkumar | Nov 4, 2022 | Corporates, High Yield Bonds
Petrobras’ board approved a dividend of $8.5bn during the quarter after its Q3 results where it reported a net profit of $8.8bn, up 48% YoY. Its revenues grew 39% YoY to $32.4bn. While its dividends were lower than the prior quarter’s $17bn payout, its...
by Amruth Sundarkumar | Jul 29, 2022 | Corporates
Petrobras’ Q2 2022 recurring net income jumped 9% to $9.1bn YoY, primarily due to strong EBITDA growth of 34% YoY to $20.2bn. This was a result of the swelling global demand for oil following the pandemic and the Russian-Ukraine crisis, which led to Brent prices...
by Amruth Sundarkumar | May 6, 2022 | Corporates
Brazilian oil producer Petrobras reported a net profit of $8.64bn in Q1 2022, 40x higher compared to the previous year, on higher revenue growth of 73.2% to $27.19bn. Revenues increased mainly due to higher Brent crude prices, higher volumes of oil sales in the...
by Amruth Sundarkumar | Apr 4, 2022 | High Yield Bonds
Brazil’s president Jair Bolsonaro announced last week Adriano Pires, founder of consulting firm Centro Brasileiro de Infraestrutura (CBIE), as the new candidate to replace Joaquim Silva e Luna as Petrobras’ chief executive officer. The announcement came after...
by Amruth Sundarkumar | Feb 24, 2022 | Corporates, High Yield Bonds
Brazil’s Petrobras reported record high annual profits of BRL 106.7bn ($21.3bn) for 2021, way over analyst estimates of BRL 74.3bn ($14.8bn), boosted by one-off items including asset disposals and impairment revisions, excluding which recurring net income stood...
