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Petrobras Reports Higher Output and Record Operational Profits on Pre-Salt Growth

Petrobras logoPetrobras
Sig3.25Sen+6.55Env-3.80Soc+0.60Gov0.00

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.

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