May 12, 2016 - FIRST QUARTER OF 2016 RESULTS - Derived from interim financial information reviewed by independent auditors, stated in millions of Brazilian Reais, prepared in accordance with International Financial Reporting Standards - IFRS issued by the International Accounting Standards Board - IASB. Main financial highlights (1Q-2016 x 1Q-2015): • Net loss attributable to... Continue Reading →
Petrobras Posts Quarterly Loss as Fuel Sales, Output Slumps
Brazil’s deepest recession in a century is curbing lucrative fuel imports and eroding profits at state-controlled Petroleo Brasileiro SA. The company’s net loss was 1.25 billion reais, or 0.10 centavos per share, in the first quarter compared with a profit of 5.3 billion reais, or 41 cents, a year earlier. Sales fell to 70.3 billion reais,... Continue Reading →
Petrobras Clarification of News Item: Estimated result and indebtedness
Rio de Janeiro, May 10, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 199/2016-CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 199/2016-CVM/SEP/GEA-1 “Dear Officer, I refer to the news item published today in the Blog de Lauro Jardim, which, among other matters, affirms that Petrobras’ balance sheet, to be published on... Continue Reading →
Fitch reviews Petrobras’ global ratings
Rio de Janeiro, May 11, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Fitch announced the revision of Petrobras' corporate debt rating to BB from BB+, with negative outlook. This review follows the change in the sovereign rating, as announced on May, 5th.
Petrobras Seeks $1 Billion China Loan Faster Than Planned
Brazil’s state-controlled oil company Petrobras is seeking a $1 billion loan from the Export-Import Bank of China before originally planned as its debt service costs surge in the coming years amid the worst oil market in a generation. Petroleo Brasileiro SA, as it is formally known, is negotiating a definitive contract with the Chinese lender after... Continue Reading →
Petrobras – 1st Quarter 2016 Results Release Date
Rio de Janeiro, April 27, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that it will release its 1st quarter 2016 results on May 12nd,after the market is closed. Therefore, between April 28th and May 12nd, the Company will be in quiet period, during which Petrobras will not be able to provide clarifications or comment... Continue Reading →
Petrobras – Clarification on News: Business and Management Plan
Rio de Janeiro, April 19, 2016 - Petróleo Brasileiro S.A.-Petrobras hereby responds to Official Letter No. 165/2016/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter No. 165/2016/CVM/SEP/GEA-1 “Dear Sir, We refer to the news item published today in the newspaper Valor Econômico, Business section, under the title: "Petrobras Plan does not reduce the volume of debt",... Continue Reading →
Clarification of News Item: Petrobras overestimates returns from projects
Rio de Janeiro, April 7, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 148/2016/CVM/SEP/GEA-1, which requests the following clarifications: Official Letter 148/2016/CVM/SEP/GEA-1 “Dear Officer, We refer to the news item published today in the Empresas (Companies) section of the newspaper Valor Econômico, entitled: Petrobras superestimou em US$ 45 bi o retorno... Continue Reading →
Petrobras – Clarification on News: Conditions of the Loan with the China Development Bank (CDB)
Rio de Janeiro, April 04, 2016 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 140/2016/CVM/SEP/GEA-1 requesting clarifications, as transcribed below: Official Letter 140/2016/CVM/SEP/GEA-1 “Dear Executive Officer, We present clarifications about the news item published today on the O Estado de São Paulo newspaper, Seção Economia (Economy Section), under the title: “China conditions... Continue Reading →
Petrobras sought arbitration for Sete Brasil talks
State-controlled Petróleo Brasileiro SA unsuccesfully sought the appointment of arbiters to rework a long-term contract with debt-laden drilling rig leaser Sete Brasil Participações SA, according to three sources with knowledge of the situation. The proposal, made in recent weeks, called on each party to name three mediators to rework the contract, said the sources, who... Continue Reading →
