Petrobras posts fourth quarter net loss of $2.8 billion due to non-recurring events
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Petrobras reported a net loss of $2.8 billion in Q4 due to exchange rate variations on debts with its subsidiaries abroad.
February 26, 2025 | 11:45 pm
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Petrobras reported a significant net loss of $2.8 billion in the fourth quarter, primarily due to exchange rate variations affecting its debts with subsidiaries abroad.
The reported net loss is substantial and directly linked to exchange rate variations, which are non-recurring but significant. This is likely to put short-term pressure on Petrobras' stock price as investors react to the unexpected loss.
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