Compared to other large companies in the sector, the Brazilian state-owned company was the 4th company that paid the most dividends in the period
Petrobras was the 4th oil company with the highest net profit in the 3rd quarter of 2024 among the large global companies in the sector listed on the stock exchange. The Brazilian state-owned company reported last week a positive result of R$ 32.5 billion, or US$ 5.8 billion in the current conversion from the dollar to the real of 5.45, which guided the company’s report.
The result puts Petrobras closer to the top in the ranking results of the big oil companies. In the 2nd quarter, the Brazilian oil company reported a loss and recorded the worst result among the 10 largest companies in the sector.
Petrobras’ profitability rate in relation to its revenue was the highest in the group. The state-owned company had a net result equivalent to 24.8% of its revenue in the 3rd quarter. The percentage was the same as that of the giant Saudi Aramco.
The Saudi state-owned company was the oil company that made the most profit during the period. Completing the top 3 most profitable in the 3rd quarter are the North American ExxonMobil and the British Shell.
Last week’s balance sheet was the first with results entirely attributable to Magda Chambriard’s management at Petrobras. The executive. In , the balance still took a few months of Prates’ policies.
DIVIDENDS PAYMENTS
Petrobras occupies the same position regarding the payment of benefits to its shareholders. The Brazilian oil company reported a payment of US$ 2.3 billion in bonuses in the 3rd quarter.
Again, Saudi Aramco was ahead on the list. The Saudi company distributed US$31.1 billion in dividends, a value greater than all other oil companies combined.
In the 3rd quarter of 2022, Petrobras surpassed Saudi Aramco in paying dividends, still under the government of the former president (PL). Under Magda management, dividend payments may slow down. When asked about the earnings, the president of the state-owned company already.
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