| Petroleo Brasileiro
Earnings Call |
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Petrobras Third Quarter Earnings Call
24th November 2007 00:00 AM |
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| Net revenues increased to R$45 billion sequentially as a result of high sales of oil products. |
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| The oil company realized a 19% drop in net income to R$5.5 billion from R$6.8 billion in the prior quarter as a result of a decrease in refining margins and higher expenses. Total capital spending increased by 35% to R$30.6 billion mainly from exploration and production. Production increased marginally as delays in bringing new production system on stream and unexpected platform stoppage caused average production to fall below previously announced targets. |
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Petrobras Second Quarter Earnings Call
7th September 2007 00:00 AM |
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| Profit declined 2%, citing an increase in costs and a fall in oil prices from a year earlier. |
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| The Brazilian state oil company reported operating revenue of 41.8 billion reals, 10% higher than the 38 billion reals a year earlier. Continued cost pressures cut into company profits. Lifting costs rose 20% to 33 a barrel from the year-earlier quarter. Part of the rise came due to a strengthening of Brazil''s currency, the real. But lifting costs also went up due to rising salaries for workers, and the heating up of the oil industry in general. |
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Petroleo Brasileiro First Quarter Earnings Call
8th June 2007 00:00 AM |
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| Net income fell 38% over last year to R$4.131 million, on decline in average prices for crude oil and petroleum products in Brazil and abroad. |
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| The leading oil exploration firm of Brazil reported consolidated net operating revenues of R$38.894 million, 8% higher than the prior year quarter. Petrobras invested a total of R$8.3 million during the first quarter, up 40% from the same period a year ago. The majority of the spending was used to expand future oil and natural gas production in Brazil and abroad. At the end of the quarter, operating cash flow as measured by EBITDA amounted to R$ 10.993 million. |
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