Petrobras Reports Higher Output and Record Operational Profits on Pre-Salt Growth
Petrobras reported record operational results supported by pre-salt output growth, pumping 2.7 million barrels per day in the quarter, 15% higher year over year and above its 2.5 million target. Adjusted EBITDA rose to $20 billion, operating cash flow climbed to $12.3 billion, and capital projects totaled $5.3 billion, with 82% for exploration and production.