Brazilian oil giant posted in 2023 the second-best result in its history, despite a fall from a year earlier. Record highs in output supported the result.
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The Brazilian oil company had a drop in net profit. Still, it recorded its sixth-best-ever EBITDA, driven by higher oil exports and lower LNG imports.
The Brazilian company saw smaller losses in Q3 2020, despite the time of uncertainty that affects the oil industry. The company’s CEO described the performance as excellent.