Petrobras Expands Refinery Capabilities in Third-Quarter 2024 [Yahoo! Finance]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Yahoo! Finance
Petrobras PBR has achieved remarkable milestones in the company's refining operations, significantly improving the utilization of its refineries and reaching unprecedented production levels in the third quarter of 2024. These advancements highlight the company's commitment to operational excellence, driven by ongoing investments and strategic initiatives aimed at modernizing its refining capabilities. Refinery Utilization Rates Soar Petrobras' refineries recorded an exceptional total utilization rate of 96.8%, marking the highest monthly figure for the year by the end of September 2024. This improvement is indicative of the operator's relentless pursuit of maximizing operational efficiency. The total utilization factor) for the third quarter stood at 95.2%, slightly down from 95.8% in the prior-year quarter. Despite this minor decrease, the sustained high levels of refinery performance highlight the effectiveness of PBR's ongoing efforts to optimize refining processes. Key Perf
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