Petrobras posts fourth quarter net loss of $2.8 billion due to non-recurring events
ReutersFeb 26, 2025 11:21 PM
RIO DE JANEIRO, Feb 26 (Reuters) - Brazil's Petrobras PETR4.SA posted a net loss of 17 billion reais ($2.8 billion) in its fourth quarter due to exchange rate variation on debts between the state-run oil firm and its subsidiaries abroad, it said in a filing on Wednesday.
According to Petrobras, the financial transactions did not impact its cash flow, and excluding them, the firm would have posted a net profit of 17.7 billion reais in the quarter.
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