Petrobras 2021 net profit reached BRL 106.6 bi

Petrobras posted net profits adding up to BRL 106.6 billion in 2021, considering the BRL 31.5 billion net profit from the fourth quarter that year. The figures were released Wednesday (Feb. 23) by the state-run oil giant.

“Petrobras delivered consistent results in the fourth quarter,” said Petrobras CEO Joaquim Silva e Luna, “showing it is a healthy company that’s committed to society and capable of growing, investing, generating jobs, paying taxes, and giving back money to its shareholders, effectively contributing to the development of the country.”

From an operational, economic, financial, and strategic viewpoint, Director for Finance and Investor Relations Rodrigo Araujo Alves argued, the company stands resilient and on firmer ground, making clear that rational and efficient management breeds value for both society and the shareholders.

“It is worth noting that, in addition to dividends, we collected over BRL 200 billion in taxes in 2021, totaling some BRL 230 billion in yields for society, not considering the additional dividends approved today,” Alves pointed out.

Also mentioned was the cash inflow of BRL 4.8 billion from assets sold in 2021, including Refinery Landulpho Alves ($1.8 billion) and shares at Petrobras Distribuidora, at BRL 2.2 billion.