Brazil's state-controlled oil and gas giant Petrobras $PETR3 (+1,13 %)
$PETR4 (+1,52 %) reached an important milestone in the company's operational success in 2024 with record production at its refineries, cementing the company's role as a key player in the global energy sector.
PBR's record refinery production in 2024:
- Petrobras' refinery production reached a new record in 2024, mainly due to an increase in gasoline and S-10 diesel production
- Gasoline production rose to 24.4 billion liters, surpassing the previous record of 24.2 billion liters set in 2014
This impressive increase in gasoline production underscores PBR's ability to meet domestic demand while optimizing refinery efficiency.
- Diesel production reached an impressive 26.3 billion liters
This underscores PBR's critical role in ensuring energy security for Brazil and its Latin American neighbors.
- In 2024, the company also achieved an impressive refinery utilization rate of 93.2%, up from 92% in 2023
This efficiency improvement reflects the company's commitment to improving refinery operations, ensuring high production while maintaining operational sustainability.
PBR's refinery network, one of the largest in Latin America, plays an essential role in meeting national and regional energy needs and contributes to Brazil's economic stability.
