Brazil's Petrobras beats expectations for Q1 profit


Reuters | Updated: 06-05-2022 04:40 IST | Created: 06-05-2022 04:40 IST
Brazil's Petrobras beats expectations for Q1 profit

Brazilian state-run oil company Petrobras on Wednesday beat expectations for first quarter profit, boosted by higher Brent prices.

Quarterly net income came in at 44.56 billion reais, above a Refinitiv consensus estimate of 43.48 billion reais and almost 40 times higher than in the same quarter from the previous year.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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