Brazil's Petrobras posts $2.8B net loss in Q4, revenue down 10%
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Petrobras, the Brazilian state oil corporation, reported a net loss of $2.8 billion in Q4, with revenue down 10% compared to the previous year.
February 27, 2025 | 5:45 pm
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Petrobras reported a significant net loss of $2.8 billion in Q4, with a 10% decline in revenue, marking a stark contrast to the previous year's profit.
The reported net loss and revenue decline are significant negative indicators for Petrobras, likely leading to a short-term decrease in stock price as investors react to the disappointing financial performance.
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