Petrobras achieves a web revenue of R$38.2 billion within the first quarter | Economic system

Petrobras reported web earnings 38.2 billion Brazilian reals Within the first quarter, down 14.4% in comparison with the identical interval in 2022, the corporate reported this Thursday (11). In comparison with the final three months of final yr, the indentation was 12%.

This result’s primarily defined by the devaluation [petróleo tipo] Brent’s decrease monetary outcomes have been partially offset by decrease working bills.”

Nevertheless, the corporate’s earnings got here out larger than the anticipated end in a survey carried out by Refinitiv, 31.96 billion Brazilian reals.

Adjusted earnings earlier than curiosity, taxes, amortization and amortization (Ebitda) 72.5 billion Brazilian reals Within the first three months of the yr, down 6.7% year-on-year and in step with what was noticed within the final quarter. The corporate mentioned the result’s primarily defined by decrease exploration bills and authorized contingencies.

The board of administrators of the oil firm agreed this Thursday (11) to pay an quantity 24.7 billion Brazilian reals In earnings, as an advance for 2023. The quantity was accepted earlier than the corporate’s outcomes have been disclosed.

As well as, the Board of Administrators additionally determined that the Govt Board ought to put together a proposal to adapt the strategic planning underway and enhance the remuneration coverage for Petrobras shareholders, together with the opportunity of share buybacks, and refer these issues to the Group for deliberation by the top of July 2023.

“The accepted shareholder remuneration is in step with the present shareholder remuneration coverage, which states that within the occasion of complete debt of lower than US$65 billion, Petrobras might distribute to its shareholders 60% of the distinction between working money stream and the acquisition of fastened and intangible property ( investments),” the corporate mentioned.