VOICED : Petrobras cierra tercer ano en rojo pero repunta en trimestre

In 2016, Petrobras, Brazil's state oil company, reported a third consecutive year of losses, despite achieving operational profits. The company shifted from a 12 billion reais operational loss in 2015 to a 17 billion reais profit in 2016, marking a significant turnaround. In the last quarter, Petrobras earned 2.5 billion reais, but the annual balance showed a loss of 14.8 billion reais. The company also reduced its gross debt by 22% and cut financial expenses by 25%, while increasing exports by 12%. Despite these positive operational results, Petrobras still faces significant debt challenges.

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