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Record Results

Interesting weeks ahead now that companies are revealing their financial results for 2005. Petrobras announced today record breaking numbers in their history with an operating net revenue of R$ 136,6 billion/USD 58,37 billion (23% increase 2004/05) and a net profit of R$ 23,7 billlion/USD 10,12  (40% increase 2004/05), Ptx rate as of Dec 31st.
Weeks before the big news was that Brazil reached self-sufficiency in oil.
Petrobras surpassed with its net profit now Norwegian Statoil (USD 4,68 billion) but stays behind Exxon (USD 36,13 billion),  Shell (USD 22,93 billion), BP (USD 19,13 billion), Total (USD 16,02 billion) and Chevron Texaco (USD 14,06 billion), according to  CBIE.
National oil production increased 13% to 1,68 million barrels per day.

February 18, 2006 in Brazil, Economy |

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