Petrobras Financial Performance in 3Q23

Main achievements:

• Solid recurring EBITDA of US$ 13.7 billion
• Gross debt under control at US$ 61 billion, even after the increase in leases with the start-up of FPSO Anita Garibaldi
• Consistency in cash generation: Operating Cash Flow of US$ 11.6 billion, the fourth highest ever
• Return to society with tax and dividends payments of R$ 65.5 billion
• Production record: 3.98 MMboed of operated production (7.8% up against 2Q23) and 2.25 MMboed of pre-salt production (78% of total)
• Start-up in August 2023 of FPSO Anita Garibaldi, in Marlim. In October, FPSO Almirante Barroso, in Búzios, reached the nominal capacity of 150 Mbpd less than 5 months after start-up
• FPSO Sepetiba, the second system to be installed in Mero field, with mooring activities completed and start-up expected for 4Q23
• Refining Utilization Factor: 96% in 3Q23, the highest quarterly figure in 9 years, with diesel, gasoline and jet fuel production accounting for 69% of the total
• S10 Diesel production and sales records: production of 464 Mbpd and 62% of total diesel sales (496 Mbpd)

Check here our 3Q23 Earnings Release.