Petrobras reports $2.96 billion fourth quarter net profit
Brazilian oil firm Petrobras reported a 15.6 billion reais ($2.96 billion) net profit for the fourth quarter. This result marks a swing from a loss a year ago.
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The state-run energy giant of Brazil, Petróleo Brasileiro S.A. - Petrobras, has reported a significant financial turnaround for the fourth quarter. According to the company's latest financial results, the firm posted a net profit of 15.6 billion reais, equivalent to approximately $2.96 billion.
