Brazil Petrobras declared a 48.6% increase in net profit to 35.2 billion reais in the first quarter of 2025 compared to the same period last year, reinforced by non -recurring events.
The adjusted profit of the oil producer before interest, taxes, depreciation and depreciation (EBITDA) increased slightly by 1.7% in annual sliding to 61 billion billion. Excluding non -recurring effects, the adjusted Ebitda was reported to 62.3 billion billion things.
In addition to its financial performance, the Petrobras board of directors approved the payment of 11.72 billion reais in dividends and interest on equity to shareholders, which results in approximately 0.91 real per share.
PDG of Petrobras, Magda Chambriard, said: “We started 2025 with robust operational and financial results, which reflect Petrobras’s technical capacity to overcome challenges and generate value for Brazilian society.
“We have increased our production by 5.4% compared to the last quarter of 2024 and therefore reached a cash position of $ 8.5 billion with our operations, which allows us to invest to continue to generate value and remunerate our shareholders.”
Capital expenditure of the company (CAPEX) during the quarter totaled $ 4.1 billion, up compared to $ 3 billion a year earlier.
Total production of oil, gas and gas liquids amounted to 2.77 million barrels of oil equivalent per day (MBOE / D), an increase of 5.4% compared to the previous quarter.
Fernando Melgarejo, head of relations with investors, said: “We remain determined to execute our business plan, which is why we have invested $ 4.1 billion in the first quarter, which represents 22% of the annual advice.
“We excavate more wells and connect them and progress in the construction of new units that will support our production curve. These are investment projects that generate value for our shareholders and will result in income in the coming years. ”
Investors have examined Petrobras’ investments, in particular after having exceeded the company’s own forecast for 2024, which raises concerns concerning the potential dividends reductions, according to a report Reuters.
The net income of the quarter increased by 4.6% to 123.1 billion billion reais, slightly below the reais analysts of 124.9 billion.
In related news, Petrobras Make an important discovery High-quality oil without contaminating oil in the pre-sel layer of the Santos basin.
The discovery was at the 3-BRSA-1396D-SPS exploratory well in the ARAM block, located 248 km from Santos, São Paulo, in the waters of 1,952 m deep.
“Petrobras reports 48.6% profits and declares $ 2.1 billion in dividends” was created and published by Offshore technologyA brand belonging to GlobalData.
