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Brazil's Petrobras posts Q4 profit up 38%

Brazil's state-run oil firm Petrobras posted a 37.6% surge in fourth-quarter profit, helped by higher oil prices.

  • Brazil's state-run oil firm Petrobras posted a 37.6% surge in fourth-quarter profit, helped by higher oil prices.
  • Petrobras reported net profit of 43.34 billion reais, surpassing the 37.61 billion reais estimated by analysts.
Brazil's Petrobras posts Q4 profit up 38%
Brazil's state-run oil firm Petrobras on Wednesday posted a better-than-expected 37.6% surge in fourth-quarter profit, helped by higher oil prices over the period.

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