EnergyWatch

Petrobras booked major loss in fourth quarter

Brazil's national oil company Petrobras emerged from the fourth quarter 2017 with a deficit of almost USD 1.7 billion, but the firm also managed to reduce debt.

Photo: /ritzau/AP/Leo Correa

Brazilian oil company Petroleo Brasileiro – known as Petrobras – finished the fourth quarter 2017 on a negative note. The oil company booked a loss of BRL 5.48 billion, corresponding to USD 1.68 billion.

Petrobras also missed the mark with EBITDA, reports Bloomberg News.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs