Brasília, Aug 8, 2025 (AFP) - Brazil's Petrobras posts $4.7 bn second-quarter profit

NAMPA / AFP
2025-08-08
Brazil's state-owned oil company Petrobras posted a hefty net profit of $4.7 billion in the second quarter, recovering sharply from net losses in the same period last year, the company said Thursday. The energy giant attributed the strong performance, which compared with a loss of $469 million in April-June 2024, partly to increased oil production. Company president Magda Chambriard hailed the "excellent" results, with daily production in the per......
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