Market Overview

Petrobras Posts Q2 Net Loss

Share:
Related PBR
Natural Gas Rig Count Hits Lowest Level In 29 Years
JPMorgan Cries 'No Mas' At Petrobras, Warns Bulls
Petrobras no longer a buy for Mobius (Seeking Alpha)

Brazilian Petroleo Brasileiro SA (NYSE: PBR) posted a net loss in the second quarter.

Petrobras posted a quarterly net loss of 1.35 billion Brazilian reais ($668 million), versus a year-ago net profit of BRL10.9 billion. However, analysts were expecting a profit of BRL3.6 billion.

Its domestic crude oil production dropped 2.4% in the same period.

Petrobras shares closed at $20.33 on Friday.

Posted-In: lossEarnings News

 

Related Articles (PBR)

Get Benzinga's Newsletters