Political uncertainties associated with Brazil’s now concluded general elections that brought an end to the presidency of Jair Bolsonaro did not prevent South America’s largest oil company, Brazil’s Petrobras, from racking up net profits totalling US$9 billion dollars, over the most recent quarter, though that return was down from the previous quarter while reflecting a 48 per cent improvement over the same period last year.
With concerns that had been mounting that the political anxieties that preceded the recent poll might negatively affect the operations of the company, Petrobras had reportedly endured what one report described as “turbulent weeks on the stock markets” arising out of uncertainties about the country’s post-elections future.
