Petrobras debt, operational metrics improve despite profit miss

By Guillermo Parra-Bernal and Marta Nogueira SAO PAULO/RIO DE JANEIRO (Reuters) – Petróleo Brasileiro SA cut debt by 20 percent and had positive free cash flow for the seventh straight quarter during the fourth quarter, in a further sign of recovery at Brazil’s state-controlled oil company in spite of a quarterly profit miss. Net income […]

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