Presentation by Pedro Parente, CEO, Petrobras Turns Around petrobras turn arounf P Parente
Petrobras – Moody’s upgrades Petrobras’ rating
Rio de Janeiro, April 10, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Moody’s upgraded the company’s corporate debt rating to B1 from B2 and changed the outlook to positive from stable. Moody’s highlighted the continuous improvement of Petrobras’ liquidity profile and financial metrics over the last quarters on its report,... Continue Reading →
Brazil to get data for revision of large Petrobras contract in May
Brazil's oil industry regulator ANP will submit next month the calculations to base the revision of a large contract with Petrobras known as the Transfer of Rights, the Energy Minister Fernando Coelho Filho said on Monday. The contract, through which the government exchanged in 2010 exploratory rights over some oil areas in its coast for... Continue Reading →
Moody’s upgrades Petrobras’ ratings to B1; changes outlook to positive
New York, April 10, 2017 -- Moody's Investors Service upgraded all ratings of Petroleo Brasileiro S.A. (Petrobras)'s and ratings based on Petrobras' guarantee, including the company's senior unsecured debt and corporate family rating (CFR), to B1 from B2 given lower liquidity risk and prospect of declining debt leverage. At the same time, Moody's raised the... Continue Reading →
Petrobras – Disclosure of Relevant Shareholding Position
Rio de Janeiro, April 6, 2017 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, reports that it was notified by BlackRock, Inc. ("BlackRock") that the latter has acquired preferred shares issued by the company and as of April 4th, 2017 it manages share interests... Continue Reading →
Petrobras – CARF ruling on taxes calculation
Rio de Janeiro, April 5, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that the Brazilian Administrative Board of Tax Appeals (CARF) issued yesterday a decision on an administrative tax procedure that upholds taxation, for the purposes of calculating the Income Tax of Legal Entities (IRPJ) and the Social Contribution on Net Profits (CSLL) for... Continue Reading →
Petrobras CEO sees debt falling below reduction target by end 2018
Brazil's state-controlled oil firm Petroleo Brasileiro SA could reduce debt below a projected target of 2.5 times Ebitda by the end of next year, Chief Executive Officer Pedro Parente said on Tuesday. According to Parente, that would be possible if the company maintains the current trend of debt reduction. Petrobras has a debt load of... Continue Reading →
Petrobras – Adjustment of the Divestment Program to the Methodology approved by the Federal Accounting Court
Rio de Janeiro, March 31st, 2017 – Petróleo Brasileiro S.A. – Petrobras, in continuation to the material fact disclosed on March 15, 2017, informs that its Executive Board approved yesterday the composition of its new divestment portfolio, consisting of projects that will follow the revised divestment methodology proceedings since the beginning, in compliance with the... Continue Reading →
Petrobras increased by 1% the 2017-2012 investment plan
Petrobras adjusted its business plan and increased the investment threshold for the period 2017-2021 by 1% from US $ 74.1 billion to US $ 74.5 billion. For the same period, the company increased its exploration and production (E & P) forecasts by US $ 600 million from US $ 60.7 billion to US $... Continue Reading →
Petrobras – Clarification on News: CARF Ruling
Rio de Janeiro, March 23, 2017 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 432/2017-SAE which requests clarifications, as follows: Letter no. 432/2017 - SAE “Dear Sirs, We request clarifications by 9.00 am on 3/24/2017, regarding the news published by Valor Econômico newspaper on 3/23/2017, under the headline “Petrobras afasta autuação de... Continue Reading →
