Petrobras' Solid Operational Performance Results in Improving Debt Metrics
Petrobras delivered solid fourth-quarter results, demonstrating that it's on track to deliver the improvements promised in its latest five-year plan. For the quarter, adjusted EBITDA improved to BRL 24.8 billion from BRL 18.9 billion the year before. Petrobras registered improvement across all segments with the exception of refining. The exploration and production segment led the improvement with adjusted EBITDA increasing to BRL 17.7 billion from BRL 11.6 billion last year as a result of a 3.2%...
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