Mar 8, 02:40 AM

Citgo's Quarterly Net Profit Falls 81%, Petrobras Reports 6% Decrease in Q4 Profit

Citgo's quarterly net profit dropped by 81% due to plant outages and lower margins. Petrobras, a Brazil oil firm, reported a 6% decrease in Q4 net recurring profit. The company may prioritize diversifying into renewables over dividends. Petrobras denied reports of its CEO offering to resign.

#Citgo #Petrobras #Brazil

Written with ChatGPT (GPT-3).

Sources

Giovanni Staunovo🛢@staunovo
2 years ago
#Brazil: Petrobras dismisses news report that CEO offered to step down #oott https://t.co/xJruRfKfBY
Special Situations 🌐 Research Newsletter (Jay)@SpecialSitsNews
2 years ago
Smaller than expected dividend from $PBR today as the company may focus more on diversifying into renewables https://t.co/FrB3OpGl7P
Open Outcrier@OpenOutcrier
2 years ago
$PBR (-13.0% pre) Brazil oil firm Petrobras posts 6% decrease in Q4 net recurring profit - Reuters https://t.co/QFksrkmb5x

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Citgo's Quarterly Net Profit Falls 81%, Petrobras Reports 6% Decrease in Q4 Profit

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