Petroleo Brasileiro Earnings: Increase in Profit Year Over Year
Petrobras – Petroleo Brasileiro S.A. (NYSE:PBR) reported its results for the first quarter. Petroleo Brasileiro S.A. through it subsidiaries is engaged in the exploration and production of oil and oil products, natural gas and other fluid hydrocarbons.
Petrobras – Petroleo Brasileiro Earnings Cheat Sheet for the First Quarter
Results: Net income for Petrobras – Petroleo Brasileiro S.A. rose to $6.7 billion vs. $4.32 billion (98 cents/share) in the same quarter a year earlier. A rise of 55.2% from the year earlier quarter.
Revenue: Rose 9% to $33.6 billion YoY.
Competitors to Watch: Petrobras Argentina SA ADR (NYSE:PZE), Chevron Corporation (NYSE:CVX), YPF SA (NYSE:YPF), Exxon Mobil Corporation (NYSE:XOM), TOTAL S.A. (NYSE:TOT), Marathon Oil Corporation (NYSE:MRO), ConocoPhillips (NYSE:COP), BP plc (NYSE:BP), Hess Corp. (NYSE:HES), Suncor Energy Inc. (NYSE:SU), and Valero Energy Corporation (NYSE:VLO).
Stock Performance: Shares of PBR are up 0.6%.