Petrobras Hits Record Refinery Performance in 2024
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Petrobras Hits Record Refinery Performance in 2024

Petroleo Brasileiro SA- Petrobras (PBR) has released an update.

Petrobras has achieved record-breaking performance in September 2024, with its Total Utilization Factor (FUT) of refineries hitting a peak of 96.8%, leading to a robust quarterly average of 95.2%. The company also set new highs in pre-salt oil processing, which constituted 73% of the total for the quarter, and in gasoline production, reaching 6.38 million cubic meters, alongside a notable increase in asphalt output. These milestones were attributed to modernization investments, asset reliability, process optimization, and innovative technologies.

For further insights into PBR stock, check out TipRanks’ Stock Analysis page.

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