Petro-Peru It closed the first quarter of 2026 with a net profit of US$133.2 million, its first positive quarterly result in the last four years, after the one obtained in January-March 2022 (US$111 million).
This was announced today by the state oil company in information published on the website of the Superintendence of the Securities Market (SMV).
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The company explained that this positive result was due to two factors. On the one hand, to the “upward trend in international crude oil prices”, which favored the creation of inventories of finished products (diesel and gasoline), which allowed “obtain greater margins between the prices of crude oil and its derivatives”.
And, on the other hand, to the lower operating and sales expenses associated, mainly, with the termination of the temporary license contracts of the lots I and VIin Talara, which he had been managing since 2023.
However, he warned that he has been suffering a strong reduction in fuel sales levels in the domestic market, which is associated with the lack of capital to buy crude oil andto the scheduled stops of some units” of the Talara Refinery for maintenance reasons.
It should be noted that Roger Arévalo, president of Petro-Perú, indicated a few days ago that the state company’s participation in the hydrocarbon market currently amounts to 15%, “when before it had 55%”.
Petro-Perú also stated that it monitors cash flow projections to ensure that there are sufficient liquidity to cover operational needs.
“ANDIn this sense, the company considers that the credit lines maintained to date and the cash flows from its operating activities will allow it to meet immediate needs.“, said.
And he added that the increase in its profit margins, such as the one obtained as of March 2026, will allow it to maintain enough cash to meet its obligations, and improve working capital management in the medium term.
If this is true, why then is it requesting US$2,000 million from the Government to pay suppliers and purchase crude oil?
