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FACT SHEET
                                                                                                                                                            Net Income
Company                          Profile
                                                                                                                           20,000                                                                 19.184
                                                                                                                                                                      18.879
Founded in 1953, Petrobras is a publicly traded corporation operating in an
                                                                                                                                                                                    15.504
integrated manner in the following segments of the oil, gas, and energy industry:




                                                                                                             US$ Million
                                                                                                                           15,000
                                                                                                                                           12.826         13.138

exploration and production; downstream, marketing, transportation and                                                      10,000
petrochemicals; distribution; natural gas, energy and biofuels. Acknowledged as
the leader in deep and ultra-deep water exploration and production, Petrobras                                               5,000


is currently the world’s third largest energy company (source: PFC Energy, 2010),
and the best managed company in Latin America (source: Euromoney, 2010).                                                                    2006          2007        2008          2009          2010
                                                                                                                                                                     Net Income

Comp etitive                               Advantages                                             Consolidated Financial Results

The volume of proved oil and gas reserves and the ongoing success rate in the                     In 2010, Petrobras reported a net profit of $19.184 billion, up 23,73% from 2009.
company’s exploration results have afforded Petrobras a prominent position and                    In the period, EBITDA reached $32,6 billion, while investments totaled $45 billion.
growth in the industry.
                                                                                                  In October 2010, the Company completed a global public offering of common and
Petrobras’ performance indicators in 2010 include: average oil and gas production                 preferred shares that resulted in a capital increase of $70,005 billion. The proceeds
of 2.6 million barrels per day; 16 refineries; 130,2 thousand square kilometers of                were allocated to pay for the Transfer of Rights Agreement and to finance the
exploration areas, with more than 15,000 producing wells; 132 production platforms;               Business Plan.
a fleet of 52 own vessels; 48 land and sea terminals and 8,477 service stations.

In Brazil, Petrobras has the leadership in all segments of the value chain and the                                  (Million US$)                                    2008               2009                 2010

                                                                                                                       Net Income                                  18.879               15.504              19.184
company’s growing production is fully supported by its discoveries. This dominant
                                                                                                                       EBITDA                                      31.083               28.982              32.626
position combined with the strong local demand in one of the fastest growing                                           Net Debt                                    20.624               40.963              36.701
global markets enhances the company’s logistical synergies and credit quality.                                         Shareholders Equity                         61.909               94.058             181.494
                                                                                                                       Net Debt / Net Capitalization                 25%                   30%                17%
                                                                                                                       Net Debt/EBITDA                               0,66                  1,41              1,12
                           Adjusted EBITDA: US$ 32.6 billion (2010)
                                                                                                  Growth Strategy
                                                                         10% - RTM
                                                                                                  The 2010-2014 Business Plan provides for investments of $224 billion. Of this total,
                                                                                 4% - G&P         $212.3 billion are being allocated to projects in Brazil and a further $11.7 billion
                                                                              3% -Distribution    to overseas activities.

                  77% - E&P                                                  6% - International   The focus will be on the Exploration and Production segment, which will get $118
                                                                                                  billion (Brazil and International), for a total of 53% of the investments. Of this
                                                                                                  amount, $33 billion will be set aside to develop the pre-salt alone, where average
                                                                                                  production is expected to be 241,000 bpd in 2014.

                                                                                                  The oil and natural gas production projected for 2014 is expected to top at 3.9
                                             Dividend Payout                                      million boed, of which 3.6 million boed will represent the domestic production.
                                                                                          40%
                  8,000                                                                                                                             2010-2014 Business Plan
                  7,000
                                                                                 35%
                  6,000                                                                   35%
                                                                                                                                     1% 2% 1%                 US$ 224.1 billion
                  5,000                                                                                                         2%
    US$ Million




                                 29%                               29%
                  4,000                                                                   30%                              8%                                                                International
                                                28%                                                                                                                                               5%
                  3,000
                  2,000                                                                   25%
                  1,000                                      22%

                                                                                          20%                                                                        53%
                          2006           2007         2008          2009           2010
                                                                                                            33%
                                  Dividends (US$)       Dividends / Net Income
                                                                                                                                                                                                           Brazil
                                                                                                                                                                                                            95%


                                                                                                                                     E&P            RTM                     Distribution          Biofuels
                                                                                                                                     G&P            Petrochemicals          Corporate
FACT SHEET
Equity performance                                                                                 Operating Data

                                                                                                   In 2010, an average of 90% of the refining capacity was used. Sales on the Brazilian
                        BM&F Bovespa (R$ per stock)              NY SE (US$ per ADR**)
                                                                                                   market last year were 13% higher than those in 2009 at 2,378,000 barrels per day.
                        Preferred         Commom           Preferred                Commom
                                                                                                   Oil products sales increased 11% vs. 2009, surpassing the growth of Brazilian
  Ticker*                PETR4             PETR3               PBRA                  PBR
                                                                                                   economy (7%). There was also a strong growth in natural gas sales (33%) and an
  Last Price              27,29              30,55             34,17                 37,84
                                                                                                   increase of oil exports due to the production growth.
  Maximum 12 month        41,81              37,50             43,82                 48,90

  Minimum 12 month        24,16              26,68             28,63                 31,90
                                                                                                   The proved oil and natural gas reserves amounted to 15.985 billion boe in 2010,
                                                                            *December, 31 2010
                                                                                                   according to the SPE criterion, representing a 5% growth compared to 2009.
                                                                                                   Petrobras maintains its goal of increasing reserves at a faster pace than production
Pre -salt                                                                                          and of reaching a minimum 100% Reserve Replacement Index (RRI). In 2010, the
                                                                                                   RRI was 229%. As a result, according to the SPE criterion, the Reserve/Production
Petrobras, the global leader in exploration and production in deep and ultra-deep                  ratio stood at 18,4 years.
waters, made one of the biggest discoveries in recent times in the oil industry: the
pre-salt area, which potentially ranks Brazil among the countries with the largest                                                        Oil and Gas Production
oil and gas reserves in the world.
                                                                                                                                                                                       2.583
                                                                                                                                                                           2.526
                                                                                                                                                           2.400
                                                                                                                                          2.301
In the Lula (previously Tupi) and Cernambi (previously Iracema) fields, and in                                          2.297




                                                                                                                                                                                            427
                                                                                                                                                                            413
the Iara, Guará, and Parque das Baleias blocks alone, the recoverable volume is




                                                                                                                                                            422
                                                                                                        Thous boe/day




                                                                                                                                           383
                                                                                                                         377




                                                                                                                                                                                            2.156
estimated between 8.1 and 9.6 billion barrels of oil equivalent (boe). This amount,




                                                                                                                                                                            2.113
                                                                                                                                                            1.978
                                                                                                                         1.920




                                                                                                                                           1.918
added to the right to explore a volume of 5 billion boe acquired through the
Transfer of Rights Agreement, may more than double the current Petrobras
reserves. Prospecting at a depth of 5,600 meters from the surface of the sea,
cutting through a 2,000-meter-thick layer of salt, and operating at a distance of                                       2006              2007             2008            2009         2010

nearly 230 km off the coastline, the company had 100% success rate in all wells                                                  Oil, NLG and Condensate            Natural Gas     Total

drilled in the Santos Basin pre-salt area.


In October 2010, the production started at the Lula Field, and in last December,
                                                                                                   International Performance
the commerciality of Lula and Cernambi fields were declared, considering a total
recoverable volume of 8.3 billion boe. Also in December, the extended well test                    Last year Petrobras invested US$ 3,4 billion in international activities aimed
(EWT) got underway in the Guará area.                                                              at growing production in the deep-water regions. The Company currently
                                                                                                   operates on five continents and in 28 countries, focusing principally on the
                                                                                                   United States and on the west coast of Africa.

                                     Rio de Janeiro
                                                                                                   Social and Environmental Responsibility
                                                                                         Libra
                                                                                                   In 2010, Petrobras invested US$ 402,2 million in social, environmental, cultural,
                                              South Cernambi                                       and sports projects in Brazil and abroad. Since 2006, Petrobras has been listed
                                                                                                   on the Dow Jones Sustainability World Index (DSJI), the most important of its
                                                                                      Iara Horst
                                                                                                   category, recognition of the company’s socio-environmental responsibility and
                                                                                                   commitment. It should be pointed out that the company has been a signatory to
                 Northeast Carioca         P7 Lula Pilot
                                                                                                   the UN’s Global Compact since 2003.
                                          North Guará

                                                                                                   Contacts
                                                                          IG1 Lula Pilot
                                                                                                   www.petrobras.com.br/ir
                                                                       South Lula                  E-mail: acionistas@petrobras.com.br
                                                                                                   Address: Av. República do Chile, 65, sala 2202-B, Centro
                                                                                                   Rio de janeiro - RJ / ZIP: 20031-912
                                                                                                   Telephones: 0800-282-1540 / (21) 3224-1510 / 3224-9947

                                         South Guará

                            Transfer of Rights                    Under Concession

More Related Content

Fact Sheet Petrobras - 2010 - English

  • 1. FACT SHEET Net Income Company Profile 20,000 19.184 18.879 Founded in 1953, Petrobras is a publicly traded corporation operating in an 15.504 integrated manner in the following segments of the oil, gas, and energy industry: US$ Million 15,000 12.826 13.138 exploration and production; downstream, marketing, transportation and 10,000 petrochemicals; distribution; natural gas, energy and biofuels. Acknowledged as the leader in deep and ultra-deep water exploration and production, Petrobras 5,000 is currently the world’s third largest energy company (source: PFC Energy, 2010), and the best managed company in Latin America (source: Euromoney, 2010). 2006 2007 2008 2009 2010 Net Income Comp etitive Advantages Consolidated Financial Results The volume of proved oil and gas reserves and the ongoing success rate in the In 2010, Petrobras reported a net profit of $19.184 billion, up 23,73% from 2009. company’s exploration results have afforded Petrobras a prominent position and In the period, EBITDA reached $32,6 billion, while investments totaled $45 billion. growth in the industry. In October 2010, the Company completed a global public offering of common and Petrobras’ performance indicators in 2010 include: average oil and gas production preferred shares that resulted in a capital increase of $70,005 billion. The proceeds of 2.6 million barrels per day; 16 refineries; 130,2 thousand square kilometers of were allocated to pay for the Transfer of Rights Agreement and to finance the exploration areas, with more than 15,000 producing wells; 132 production platforms; Business Plan. a fleet of 52 own vessels; 48 land and sea terminals and 8,477 service stations. In Brazil, Petrobras has the leadership in all segments of the value chain and the (Million US$) 2008 2009 2010 Net Income 18.879 15.504 19.184 company’s growing production is fully supported by its discoveries. This dominant EBITDA 31.083 28.982 32.626 position combined with the strong local demand in one of the fastest growing Net Debt 20.624 40.963 36.701 global markets enhances the company’s logistical synergies and credit quality. Shareholders Equity 61.909 94.058 181.494 Net Debt / Net Capitalization 25% 30% 17% Net Debt/EBITDA 0,66 1,41 1,12 Adjusted EBITDA: US$ 32.6 billion (2010) Growth Strategy 10% - RTM The 2010-2014 Business Plan provides for investments of $224 billion. Of this total, 4% - G&P $212.3 billion are being allocated to projects in Brazil and a further $11.7 billion 3% -Distribution to overseas activities. 77% - E&P 6% - International The focus will be on the Exploration and Production segment, which will get $118 billion (Brazil and International), for a total of 53% of the investments. Of this amount, $33 billion will be set aside to develop the pre-salt alone, where average production is expected to be 241,000 bpd in 2014. The oil and natural gas production projected for 2014 is expected to top at 3.9 Dividend Payout million boed, of which 3.6 million boed will represent the domestic production. 40% 8,000 2010-2014 Business Plan 7,000 35% 6,000 35% 1% 2% 1% US$ 224.1 billion 5,000 2% US$ Million 29% 29% 4,000 30% 8% International 28% 5% 3,000 2,000 25% 1,000 22% 20% 53% 2006 2007 2008 2009 2010 33% Dividends (US$) Dividends / Net Income Brazil 95% E&P RTM Distribution Biofuels G&P Petrochemicals Corporate
  • 2. FACT SHEET Equity performance Operating Data In 2010, an average of 90% of the refining capacity was used. Sales on the Brazilian BM&F Bovespa (R$ per stock) NY SE (US$ per ADR**) market last year were 13% higher than those in 2009 at 2,378,000 barrels per day. Preferred Commom Preferred Commom Oil products sales increased 11% vs. 2009, surpassing the growth of Brazilian Ticker* PETR4 PETR3 PBRA PBR economy (7%). There was also a strong growth in natural gas sales (33%) and an Last Price 27,29 30,55 34,17 37,84 increase of oil exports due to the production growth. Maximum 12 month 41,81 37,50 43,82 48,90 Minimum 12 month 24,16 26,68 28,63 31,90 The proved oil and natural gas reserves amounted to 15.985 billion boe in 2010, *December, 31 2010 according to the SPE criterion, representing a 5% growth compared to 2009. Petrobras maintains its goal of increasing reserves at a faster pace than production Pre -salt and of reaching a minimum 100% Reserve Replacement Index (RRI). In 2010, the RRI was 229%. As a result, according to the SPE criterion, the Reserve/Production Petrobras, the global leader in exploration and production in deep and ultra-deep ratio stood at 18,4 years. waters, made one of the biggest discoveries in recent times in the oil industry: the pre-salt area, which potentially ranks Brazil among the countries with the largest Oil and Gas Production oil and gas reserves in the world. 2.583 2.526 2.400 2.301 In the Lula (previously Tupi) and Cernambi (previously Iracema) fields, and in 2.297 427 413 the Iara, Guará, and Parque das Baleias blocks alone, the recoverable volume is 422 Thous boe/day 383 377 2.156 estimated between 8.1 and 9.6 billion barrels of oil equivalent (boe). This amount, 2.113 1.978 1.920 1.918 added to the right to explore a volume of 5 billion boe acquired through the Transfer of Rights Agreement, may more than double the current Petrobras reserves. Prospecting at a depth of 5,600 meters from the surface of the sea, cutting through a 2,000-meter-thick layer of salt, and operating at a distance of 2006 2007 2008 2009 2010 nearly 230 km off the coastline, the company had 100% success rate in all wells Oil, NLG and Condensate Natural Gas Total drilled in the Santos Basin pre-salt area. In October 2010, the production started at the Lula Field, and in last December, International Performance the commerciality of Lula and Cernambi fields were declared, considering a total recoverable volume of 8.3 billion boe. Also in December, the extended well test Last year Petrobras invested US$ 3,4 billion in international activities aimed (EWT) got underway in the Guará area. at growing production in the deep-water regions. The Company currently operates on five continents and in 28 countries, focusing principally on the United States and on the west coast of Africa. Rio de Janeiro Social and Environmental Responsibility Libra In 2010, Petrobras invested US$ 402,2 million in social, environmental, cultural, South Cernambi and sports projects in Brazil and abroad. Since 2006, Petrobras has been listed on the Dow Jones Sustainability World Index (DSJI), the most important of its Iara Horst category, recognition of the company’s socio-environmental responsibility and commitment. It should be pointed out that the company has been a signatory to Northeast Carioca P7 Lula Pilot the UN’s Global Compact since 2003. North Guará Contacts IG1 Lula Pilot www.petrobras.com.br/ir South Lula E-mail: acionistas@petrobras.com.br Address: Av. República do Chile, 65, sala 2202-B, Centro Rio de janeiro - RJ / ZIP: 20031-912 Telephones: 0800-282-1540 / (21) 3224-1510 / 3224-9947 South Guará Transfer of Rights Under Concession