Petrobras recorded net income of BRL 31.5 billion in the fourth quarter of 2021, which resulted in a result of BRL 106.6 billion in last year’s sum. The data were released this Wednesday (23), in the Financial Performance Report for the last quarter of the year. 
Net income in 2021 is 14 times higher than in 2020, which was BRL 7.1 billion. According to the president of Petrobras, Joaquim Silva e Luna, in the fourth quarter of 2021 the state-owned company achieved solid operational and financial results.
“Petrobras generated consistent results in the fourth quarter, showing that a healthy company committed to society is capable of growing, investing, generating jobs, paying taxes and returning money to its shareholders, effectively contributing to the country’s development. None of this would be possible for an indebted company without the ability to generate value. These results demonstrate that the quality of our work unequivocally translates into wealth for society,” said Silva e Luna.
According to the financial and investor relations director, Rodrigo Araujo Alves, both from an operational and economic-financial perspective as well as from a strategic one, there is today a much more solid and resilient company, capable of showing that rational and efficient management generates value for society. and for shareholders.
“It is worth mentioning that, in addition to dividends, in 2021 we collected more than R$200 billion in taxes, totaling around R$230 billion in return to society, without considering the additional dividends approved on today’s date”, highlighted Alves. .
Among other points in the report, is the company’s improvement in the international credit rating agency Moody’s, by 1 level, from Ba2 to Ba1, with a stable outlook, and an increase in the rating company intrinsic at 1 level, from ba2 to ba1.
Another point highlighted was the cash inflow from the sale of assets of US$ 4.8 billion in 2021, including the conclusion of the sale of the Landulpho Alves Refinery (RLAM), located in São Francisco do Conde, Bahia, which represents about 13 % of Brazil’s refining capacity, in the amount of US$ 1.8 billion, and conclusion of the Petrobras Distribuidora share offering, in the amount of US$ 2.2 billion.
The full report can be accessed on the Petrobras website. Check out.
