Brazil's state-owned oil company Petrobras increased its net profit by 21.5% year-on-year in the third quarter to 39.75 billion reais ($7.1 billion), Reuters reports. July-September adjusted EBITDA rose 34.3% to 85.82 billion riyals, but both results were below analysts' consensus forecasts.

Brazil's state-owned oil company Petrobras increased its net profit by 21.5% year-on-year in the third quarter to 39.75 billion reais ($7.1 billion), Reuters reports. July-September adjusted EBITDA rose 34.3% to 85.82 billion riyals, but both results were below analysts' consensus forecasts.