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Petrobras Navigates Production Declines While Securing Pre-Salt Dominance in 2024

Summary by The Rio Times
Petrobras (PETR4) saw a 10.5% year-over-year production drop in Q4 2024, pumping 2.628 million barrels of oil equivalent per day (Mboed). Annual output fell 3% to 2.698 million barrels daily, reflecting strategic recalibrations amid market pressures. Maintenance surges at Búzios field drove the quarterly decline, offset partially by new platforms Maria Quitéria and Marechal Duque […]
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