Search results
Results from the WOW.Com Content Network
Petrobras (PBR) beat the Zacks Consensus Estimate twice in the last four quarters and missed in the other two, delivering an earnings surprise of 308.91%, on average.
At the end of the third quarter, Petrobras (PBR) had a net debt of $47,483 million, down from $48,132 million a year ago but up from $34,435 million as of Jun 30, 2022.
Petrobras (PBR) generated positive free cash flow for the 18th consecutive quarter, with the metric surging to $6,480 million from $2,049 million recorded in last year's corresponding period.
Petrobras' (PBR) second-quarter earnings are expected to have benefited from the surge in oil prices.
Petrobras sponsored the Brazilian Série A from 2009 to 2012. [80] Petrobras was a secondary sponsor for the AT&T Williams F1 Team from 1998 to 2008 and signed again with Williams F1 from 2014 onwards. [81] From 2018, Petrobras left Williams and sponsored McLaren, but cancelled their sponsorship at the end of 2019.
The strong earnings report assumes greater significance considering the truckers' strike in the quarter that forced Petrobras (PBR) to temporarily lower diesel prices at the pump.
Vibra Energia (formerly Petrobras Distribuidora or BR) is the largest distributor and marketer of petroleum derivatives and biofuels of Brazil and Latin America. It was a subsidiary of Petrobras until 2021 but now it is a corporation. The company has more than 8,000 gas stations in Brazil.
At the end of the third quarter, Petrobras (PBR) had a net debt of $48,132 million, decreasing from $66,218 million a year ago and $53,262 million as of Jun 30, 2021.