Click below for complete Strategic Plan and 2017/2021 Business and Management Plan. petrobras-2017-2021-english
Petrobras Slashes Business Plan 25 Percent to $74 Billion
Petroleo Brasileiro SA reduced investments by 25 percent and is accelerating asset disposals in its latest business plan as it downsizes to withstand low international oil prices amid Brazil’s deepest two-year recession on record. The 2017-2021 plan, the first drafted under Chief Executive Officer Pedro Parente, focuses on accelerating debt reduction and retreating from peripheral... Continue Reading →
Petrobras – Webcast Invitation Strategic Plan and 2017-2021 Business and Management Plan
09/19/2016 Petrobras would like to invite investors and analysts for the conference call/webcast of the new Strategic Plan and the 2017-2021 Business and Management Plan, with broadcast in Portuguese and simultaneous translation to English, according to the times below: http://www.investidorpetrobras.com.br/en/press-releases/webcast-invitation-strategic-plan-and-2017-2021-business-and-management-plan September 20, 2016 (Tuesday) 12:30 pm (Brasília) 11:30 am (New York) 4:30 pm (Londres)
Petrobras expected to cut investment, output in 2017-21 plan
Brazil's heavily indebted state-led oil company Petrobras will likely cut planned investment by about a sixth and its 2020 output goal by 14 percent under a five-year strategic plan scheduled for release Tuesday before markets open, according to analysts. Petroleo Brasileiro SA, as the company is formally known, is expected to announce a 2017-2021 capital... Continue Reading →
Fitch Downgrades Rio Oil Finance Trust Notes to ‘B’; Outlook Remains Negative
September 02, 2016 CHICAGO & SAO PAULO--(BUSINESS WIRE)--Fitch Ratings has downgraded the series 2014 notes issued by Rio Oil Finance Trust as follows: --USD2 billion series 2014-1 notes to 'B' from 'BB-'; --BRL 2.4 billion series 2014-2 special indebtedness to 'BB+ sf (bra)' from 'Asf (bra)'; --USD1.1 billion series 2014-3 notes to 'B' from... Continue Reading →
Petrobras Result Announcement 2Q 2016
Petrobras announcement presentation 2Q 2016 Webimar and Excel Presentaion Petrobras presentation 2Q2016 PBR RMF 2Q-2016-Excel presentaion
Petrobas June 2016 Financial Statements
Main financial highlights 2Q-2016 x 1Q-2016 Net income attributable to the shareholders of Petrobras of R$ 370 million, compared to net loss of R$ 1.246 million in the 1Q-2016, as a result of: - A decrease of 30% in net finance expenses; - An increase of 7% in crude oil and natural gas total production;... Continue Reading →
Petrobras Swings to Profit on Rising Output, Fuel Margins
A recovery in oil output and refining margins helped Petrobras reverse three quarters of straight losses as the Brazilian producer emerges from two years of graft investigations and falling crude prices. More lucrative domestic gasoline sales helped compensate for falling demand amid Brazil’s ongoing recession, the company said in a filing Thursday. Petroleo Brasileiro SA,... Continue Reading →
Petrobras second-quarter profit may triple as cuts offset lower oil prices
People leave the headquarters building of Petroleo Brasileiro S.A. (PETROBRAS) in Rio de Janeiro, Brazil, March 21, 2016. REUTERS/SERGIO MORAES Profit at Brazil's state-controlled oil company Petrobras likely more than tripled in the second quarter compared with a year earlier as investment cuts and declining financial losses helped make up for stagnant output and falling... Continue Reading →
Petrobras Makes its Biggest Oil Field Sale Ever to Statoil
Petroleo Brasileiro SA made its biggest oil field sale ever to Statoil ASA in a major step to meeting a $15.1 billion divestment target as it works to cut leverage and reduce expenditures. Statoil will pay $2.5 billion for Petrobras’s 66 percent operating interest in the BM-S-8 offshore license in the Santos basin, which holds... Continue Reading →
