While the company's revenues have fallen by 5% year-on-year, totaling US$ 47.235 billion.

Brazilian oil company Petrobras cut its net profit by 66% in the first half of the year compared to the same period last year, leaving it with earnings of US$ 4.438 billion.

The company's revenues fell 5% year-on-year to US$47.235 billion. Operating costs were 3% lower than in the first six months of the previous year, to US$23.251 billion.

Adjusted gross operating profit (EBITDA) was 14% lower than that recorded by the company in the first half of 2023, reaching US$21,754 million.

During the first half of the year, Petrobras invested US$6.4 billion, 12.5% more than in the first half of the previous year.

Investment projections for this year have been revised from US$13.5 billion to US$14.5 billion.

Net debt stood at US$46.16 billion, 5.8% higher than the debt the company had at the end of March this year.