Petroleo Brasileiro SA Petrobras ADR

PBR: XNYS (USA)
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Petrobras Earnings: Expanding Upstream Production Supports Dividend Improvement

Petrobras reported third-quarter results ahead of market expectations. Higher hydrocarbon production and a modest appreciation in Brent prices supported free cash flow generation, allowing the company to raise its dividend from the disappointing payout in the prior quarter.

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