Brazilian oil and gas giant Petrobras reports profits

Revenues in the first three months of the year reached $27.189 billion, 1.7 times higher year on year. Adjusted EBITDA rose 1.7 times to $14.961 billion.

The company's total debt was $40.072 billion as of 31 March 2022.

The company's shares are up 2.56% in pre-trade on the New York Stock Exchange.

Petrobras is an energy company operating mostly in Brazil. It was founded in 1953.

source: bloomberg.com