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Petroleo Brasileiro Petrobras (XBUL:PJXA) Credit Losses Provision


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What is Petroleo Brasileiro Petrobras Credit Losses Provision?

Credit Losses Provision only applies to banks.


Petroleo Brasileiro Petrobras Business Description

Address
Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.