The Petrobras On Wednesday (23) it reported a record net profit of R$106.6 billion in 2021. In 2020, the state-owned company stated Gains of 31.504 billion Brazilian riyalsWhich represents an annual increase of 1,400.7%.
However, the company’s fourth-quarter profit amounted to 31.504 billion reais, 47.4% less than the recorded profit. In the same period of the previous year (59.9 billion R$).
As a result of the results, the company’s profit to be paid this year will be 37.3 billion R$ – he records.
According to the report, the “expressive” result was affected by higher oil prices in the international market, cost reductions, and increased sales of fuels, including natural gas and electricity.
In 2021, the average price of Brent oil was $70.73, up 69% from the average value recorded just before the month.
“In 2021, net revenues grew by 66% compared to 2020, due to the 77% rise in the price of Brent crude in Omani riyals and the increase in demand in the local market, mainly due to the economic recovery after the peak of the Covid-19 epidemic. .19 in 2020.” , I know Petrobras.
Evolution of Petrobras’ annual profit or loss
Net income in billions of riyals
Source: Petrobras and Economática
There was also cash flow from the sale of assets of $4.8 billion in 2021, including the completion of the sale of the Landulpho Alves refinery, in Bahia, and the completion of a stock offeringPetrobras Distribuidora $2.2 billion.
In the year, the state-owned company’s EBITDA (adjusted EBITDA) was R$243.5 billion, an increase of 70% compared to 2020 ($143 billion). The increase in the fourth quarter amounted to 33% to reach R$62.9 billion.
In terms of revenue formation in the domestic market, diesel and gasoline continued to be the main producers, which together accounted for 72% of national revenue from sales of petroleum products in the last quarter of 2021.
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