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Petrobras reached record profit of US$36 billion in 2022

Petrobras reached a record net profit of R$ 188.3 (US$36.3) billion in 2022, according to the report released Wednesday night (Mar. 1). The amount is 77% higher compared to 2021 and will also have a payment of R$ 35.8 billion in dividends to investors.

According to the state-owned company, the record performance was "mainly due to higher oil prices (Brent), better financial results and gains from co-participation agreements in the Onerous Transfer of Rights fields" (see full report).

The company's debt ended the year 16% lower than the previous year, a level considered . . .

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