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Petrobras posts a Q1 EPS miss and revenue shortfall versus consensus, despite higher year-over-year sales, strong upstream cash generation and a sharp improvement in downstream profitability.
The company's sales revenues rose by 11.7% to $23.5bn (114.84bn reais) from $21.1bn in Q1 2025.
Petrobras posted lower first-quarter earnings despite record oil production and strong refining performance.