Aug. 7 at 2:59 AM
$PBR Petrobras Reports Strong Q2 Driven By Record Oil Production
Petrobras reported Q2 net income of R
$52.4 billion (
$10.4 billion), up 97% year over year, with adjusted EBITDA of R
$93.8 billion (
$18.6 billion) and operating cash flow of R
$61.8 billion (
$12.3 billion), up 46%. The company said the strong results were driven by record oil production and higher crude prices during the quarter.