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Brazil’s Petrobras Registers Loss of R$14.8 Billion in 2016

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The oil giant of Brazil, Petrobras, registered a net income during the fourth quarter of 2016, despite registering a loss for the overall year, according to company officials. The results, presented on Tuesday night, show that the cuts in investments and selling off of assets have helped the company decrease its overall billion-dollar debt.

The oil giant reported a net income for its Q4 2016 of R$2 . . .

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