Financial Statements

Petrobras Reports 2014 Third Quarter Results

Petrobras reported early today (28), the financial statements of the third quarter 2014, showing a net profit of 3.084 billion reais.

Petrobras Agency/T&B Petroleum
29/01/2015 00:28
Petrobras Reports 2014 Third Quarter Results Imagem: Petrobras Agency Visualizações: 247 (0) (0) (0) (0)

Petrobras reported early today (28), the financial statements of the third quarter 2014, showing a net profit of 3.084 billion reais.

 

The balance was approved by the company's management that, however, did not reach a consensus to define the losses suffered by the state-run oil company due to the misappropriation of resources in their accounts, recorded by "Lava Jato Operation".

 

The balance has not been audited by the responsible independent company, but it was released in order, according to a statement of the company, to meet the "Company obligations (covenants) in debt contracts and provide access to information to its stakeholders" . Thus, the state-run oil company fulfills the commitment to inform the market and act with transparency in relation to recent events under "Lava Jato Operation".

 

Net income, according to Petrobras, was due to the increased production of oil and liquid natural gas (LNG), which grew 6% in the period - 118 000 barrels / day.

 

Click here to view the 2014 third-quarter results not reviewed by independent auditors.

 

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