Petrobras, a leading energy company, announced on July 11, 2023, that it achieved record-breaking monthly production levels for S10 gasoline and diesel in June.
The company produced an impressive 2.01 billion liters of gasoline, the highest volume since 2014.
Moreover, the production of S10 diesel reached 2.11 billion liters, surpassing the previous record set in May of this year.
The increased production was accompanied by a rise in sales, as reported by Petrobras.
In June, compared to the same period last year, gasoline sales saw a notable increase of 26%, S10 diesel sales rose by 2.9%, and aviation kerosene sales grew by 5.7%.
Petrobras also highlighted the success of its refineries, with the Total Utilization Factor (FUT) reaching 93% in the second quarter.
This represents the highest FUT since 2015.
The FUT takes into account the volume of oil processed and the operational capacity of the refineries, while considering equipment limits, safety requirements, and the quality of the derived products.
According to Petrobras, these results reflect the company’s investment in refining and its commitment to meeting commercial obligations with reliability, operational availability, and profitability.
The company’s strategy aims to ensure the satisfaction of domestic market demands.
Overall, Petrobras’ achievements in June demonstrate its dedication to meeting production targets and serving its customers effectively.
Live Company IntelligencePetroleo Brasileiro Petrobras SA ADR — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$165.36B
Market cap
Analyst target $23.95
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $23.95 · +28% vs 200-day
Valuation & profitability
Market cap$165.36B
Revenue (TTM)$548.49B
P / E ratio6.5
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.7852-wk high $26.12
Beta (volatility)-0.23
200-day average$18.74
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield14.3%
Payout ratio28.3%
Fwd. annual$1.43
What Petroleo Brasileiro Petrobras does. Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces…
