Petrobras Financial Performance in 2Q23

Main achievements:

• Robust recurring EBITDA of US$ 11.7 billion, a 19% decrease compared to 1Q23, mainly influenced by international diesel crack spreads, which declined more than 40% QoQ
• Gross debt under control at US$ 58 billion, even after the increase in leases due to the startup of chartered FPSOs Anna Nery and Almirante Barroso
• Cash generation resilience: Operating Cash Flow of US$ 9.6 billion
• Return to society with payment of R$ 56.1 billion in taxes
• New pre-salt production record with 2.06 MMboed in 2Q23, representing 78% of Petrobras total production in the quarter
• New units: start-up in May 2023 of FPSO Anna Nery, in Marlim, and FPSO Almirante Barroso, in Búzios field. FPSO Anita Garibaldi in Marlim, with mooring activities completed and expected to start operations in 3Q23
• Refining utilization factor: 93% in 2Q23, the highest level since 3Q15, with diesel, gasoline, and jet fuel production representing 67% of the total
• Sales records: diesel S10 accounting for 62.2% of total diesel sales. Highest gasoline sales in the year’s first half in 6 years
• Maritime sustainability: beginning of testing of maritime fuel with 24% renewable content and the first contract for a hybrid support vessel
• First sustainable decomissioning auction for P-32 platform

Check here our 2Q23 Earnings Release.

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