Petrobras’ 2019 Annual Results: net income reached US$ 10.2 billion

19/02/2020 

Highlights of the 2019 result:

• Adjusted EBITDA was US$ 32.7billion, an increase of 3.8% in relation to 2018, due to lower production costs and lower contingencies.
• Net income reached US$ 10.2 billion, mainly reflecting gains with asset sales.
• The adjusted net debt / LTM Adjusted EBITDA ratio increased to 2.41x, applying the effects of IFRS 16, from 2.20x in 2018. Once these effects were eliminated, the index would have been 1.95x.
• The remuneration to shareholders in the form of dividends and interest on capital was R$ 10.6 billion, equivalent to R$ 0.73 per common andR$ 0.92 per preferred share in circulation

See full report here: PBR Performande 2019

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