Petrobras earns USD 6 billion in third quarter
The company’s CFO, Fernando Melgarejo, attributed the profit to an increase in crude output, which helped offset the decline in international prices
The company’s CFO, Fernando Melgarejo, attributed the profit to an increase in crude output, which helped offset the decline in international prices
British oil company BP announced a net profit of USD 3.477 billion in the first nine months of 2025, 48.6% higher than in the same period a year earlier, thanks in part to improved performance at its production facilities
Petrobras produced an average of 4.54 million barrels of oil and gas equivalent per day in the third quarter of 2025, 17.3% more than in the same period last year, the company reported
Adjusted net income fell to $3.6 billion for the quarter ending June 30, down from $4.7 billion a year earlier and $4.2 billion in the first quarter
Chevron earned USD 14.422 billion in the first 9 months of the year compared to the figure recorded in 2023, while Exxon Mobil earned USD 26.070 billion in the same period
Petrobras’ oil production dropped 8.2% year-over-year in the third quarter to 2.13 million barrels per day (bpd), reported the company
Shares of BP traded lower after the company revealed its operations update for the second quarter of fiscal year 2024, with oil operations expected to be weak following a strong first quarter
The oil company Chevron announced a net profit of $5.501 billion (approximately €5.146 billion) in the first quarter of 2024, a 16% decrease compared to the same period the previous year
For the entire year 2023, the company’s recurring net income of 136.0 billion reais exceeded analysts’ estimate of 125.0 billion reais surveyed by LSEG, but represented a 24.2% decline compared to the previous year
BP reported third-quarter earnings of $3.3 billion, missing analysts’ forecasts due to weak gas trading results while the firm wrote down a large chunk of a U.S. offshore wind project