Brazil pockets US$9 billion in oil earnings for last quarter

Political uncertainties associated with Brazil’s now concluded general elections that brought an end to the presidency of Jair Bolsonaro did not prevent South America’s largest oil company, Brazil’s Petrobras, from racking up net profits totalling US$9 billion dollars, over the most recent quarter, though that return was down from the previous quarter while reflecting a 48 per cent improvement over the same period last year.

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