Petroleo Brasileiro SA Petrobras ADR

PBR: XNYS (USA)
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Petrobras Earnings: Higher Prices, Higher Production Lead to Strong Results and Larger Payout

Petrobras' second-quarter earnings soared compared with the year before, largely on higher oil prices and record oil production, further capitalizing on the high-price environment. Debt was steady, but management still nearly doubled the dividend from first-quarter levels.

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