Summary by Moomoo AI
Petroleo Brasileiro SA Petrobras (Petrobras) reported its financial performance for the fourth quarter of 2023, highlighting significant achievements and strategic advancements. The company's CEO, Jean Paul Prates, expressed pride in the excellent economic and financial results, emphasizing the construction of a more solid and resilient Petrobras capable of generating long-term value. The company has adapted to a new energy context, focusing on decarbonization and strategic shifts to reduce fossil fuel demand. Petrobras continues to invest in oil and gas exploration, which generates the highest returns, and diversifies into profitable low carbon businesses. The company's total shareholder return for 2023 reached 112%, outpacing the majors' highest return of 20%. Key financial highlights for 2023 include the second-highest annual EBITDA in history at...Show More