Brazil oil firm Petrobras posts 6% decrease in Q4 net recurring profit-March 2024-www.financetom.com

Brazil oil firm Petrobras posts 6% decrease in Q4 net recurring profit

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Brazil oil firm Petrobras posts 6% decrease in Q4 net recurring profit

Mar 7, 2024 5:49 PM

SAO PAULO, March 7 (Reuters) - Brazilian

state-controlled oil firm Petrobras posted on

Thursday a 6.3% fall in its fourth-quarter net recurring profit

from a year earlier.

The company reported net recurring profit of 41 billion

reais ($8.31 billion) for the quarter ended in December.

Analysts polled by LSEG were expecting a profit of 35.3 billion

reais.

($1 = 4.9350 reais)

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