RIO DE JANEIRO (Reuters) – Brazil’s Petrobras smashed second quarter profit and margin estimates, boosted by divestments and higher margins in its natural gas business, the company said on Thursday.
In a securities filing, Petroleo Brasileiro SA, as the state-run oil firm is formally known, reported a net income of 54.33 billion reais ($10.5 billion), well above the Refinitiv consensus estimate of 38 billion reais.
($1 = 5.18 reais)
(Reporting by Gram Slattery; Editing by Sandra Maler)
