This Thursday (7), Petrobras released the balance sheet for the third quarter of 2024, with a net profit of R$32.6 billion, an increase of 22.3% compared to the same period last year.
Total sales revenue was R$129.5 billion, which represents an increase of 6% compared to the same period in 2023.
O Ebitda adjusted (earnings before interest, taxes, depreciation and amortization) was R$63.7 billion, a drop of 3.8%.
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The state-owned company also announced the distribution of R$17.1 billion in dividends to the company’s shareholders.
“We presented significant net profit in the quarter, with strong cash generation and a reduction in both financial and gross debt. All this in a challenging scenario, with a drop in the price of Brent oil”, said the president of Petrobras, Magda Chambriard.
“In addition, in the 3rd quarter we invested US$4.5 billion in projects that will guarantee the company’s future. Our results show that we are on the right path”, he added.
Debts
The company’s financial debt fell to US$25.8 million, a decline of 2.1% in the last quarter, the lowest level since 2008.
Gross debt was also US$59.1 billion (including US$33.4 billion in leases), a drop of 0.8%.
The values disclosed by the oil company remain within the limits established by the 2024-2028 Strategic Plan.
For Petrobras’ Financial Director, Fernando Melgarejo, the financial results have been “consistent”.
“We achieved consistent financial results in a context of falling Brent prices [petróleo]which we were able to offset with higher volumes of derivative sales”, said Melgarejo.
