Brazil’s Petrobras hits quarterly profit estimates -Breaking
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© Reuters. FILE PHOTO – A truck leaving the Alberto Pasqualini Refinery, state-run petroleum company Petrobras in Canoas (Rio Grande do Sul), Brazil, October 25, 2021. REUTERS/Diego VaraRIO DE JANEIRO – Petrobras is a Brazilian state-owned oil company. According to a Tuesday evening securities filing it reported that fourth quarter profits were expected. The increase in prices drove sales growth.
The quarterly net income was 31.5 billion Brazilian reais ($6.29 Billion), which is higher than the Refinitiv consensus estimate (30.5 billion reais).
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