The document provides an overview of Petrobras' 4th quarter 2006 results and full year 2006 results. Key points include:
- Domestic oil and gas production increased 5.6% in 2006 due to new production units coming online.
- Total oil, gas, and NGL production increased 3.5% in 4Q06.
- Average sales prices for oil increased 20.45% in 2006.
- Net income decreased 26.6% in 4Q06 primarily due to lower oil prices and sales volumes.
- Exploration and Production operational profit decreased due to international oil price declines.
XTO Energy had a successful 2001, exceeding expectations with record cash flow of $4.49 per share, daily gas production growth of 21%, and proved reserves growth of 19% to 2.68 trillion cubic feet equivalent. The company deployed $395 million in development expenditures to grow production and reserves organically while also acquiring new properties. XTO Energy is well positioned for continued growth and strong returns in 2002 with over 1.5 trillion cubic feet equivalent of potential future reserves and a visible path to exceptional growth.
Cross Timbers Oil Company achieved record financial results in 2000, with total revenues of $600.8 million, income before taxes of $176.4 million, and earnings of $115.2 million. Daily production averaged 448,098 Mcfe, up 14% from 1999. Proved reserves grew 11% to 2.252 Tcfe at year-end 2000. The company aims to further increase production and reserves in 2001 while improving its strong financial position.
- The company reported strong financial results in the second quarter of 2009, with NOI growth of 26.7% and same-property NOI growth of 17.2% year-over-year. Adjusted EBITDA grew 36.9% to R$73.1 million with an 81.1% margin.
- Anchors store sales recovered and contributed to a 6.4% increase in consolidated same-store sales. Leasing spreads on new and renewed contracts were 13.9% and 15.9%, respectively.
- The company raised R$446 million in a share offering to finance expansion plans, including five greenfield projects and acquisitions. Construction began on the Granja V
This document provides an overview of a real estate development company. It discusses the company's business model, ownership breakdown, projects launched by region and income segment, project delivery schedules, cash position, revenue, sales, inventory levels, receivables, balance sheet details, land bank, and profitability metrics. Key details include a partnership model focused on the low-income segment, over R$700 million in projected project value delivered by end of 2010, growing revenues and profits, and a sizable land bank to be launched in 2011.
The document summarizes Eni's 2010 fourth quarter and full year preliminary results. Key highlights include record oil and gas production of 1.815 million barrels of oil equivalent per day for 2010. Exploration efforts discovered over 0.9 billion barrels of oil equivalent in resources. The company achieved cost reductions in refining ahead of target. Net debt increased from €23.1 billion to €26.1 billion due to capital expenditures, acquisitions and dividend payments exceeding operating cash flow and divestment proceeds. For 2011, Eni expects production to increase 1% at an oil price of $70 per barrel through continued growth initiatives.
BTG Pactual focuses on low-income real estate developments through partnerships with pure play developers. As of December 2010, Itaú Unibanco owned 20.6% of BTG Pactual shares, with the remaining shares owned by executives, board members, and public float. Between 2006-2010, BTG Pactual launched the most projects and property value in the metropolitan areas of Rio de Janeiro and São Paulo, with a focus on low-income segments. By the end of 2010, BTG Pactual planned to deliver 69% of total launched property value, consisting of 13 projects.
Michael Birk, Frito-Lay, presents on the company's sustainability policies at the Wisconsin Natural Gas for Transportation Roundtable on January 29, 2013.
Cr2 apresentação institucional eng - dez-10 - 10-12 [compatibility mode]
This document provides an overview of CR2's business model, financial performance, and project portfolio. Key points:
- CR2 partners with pure play developers and focuses on the low-income housing segment.
- As of December 2010, CR2 had delivered over R$500 million in PSV, with projects concentrated in Rio de Janeiro and São Paulo.
- CR2 has a strong pipeline of future projects, with over R$700 million in PSV scheduled for delivery by the end of 2010.
- Financially, CR2 has grown its net operating revenue and EBITDA steadily since 2008. Cash position remains strong.
- CR2 has a diversified land bank,
DCP Midstream reported its gas volume, margins, and contract types for the first quarter of 2008. The document shows that:
- Percentage of Proceeds (POP) contracts accounted for 4.4 trillion British thermal units per day of gas volume and $457 million in margins.
- Keepwhole contracts accounted for 0.8 trillion British thermal units per day and $85 million in margins.
- Total margin for DCP Midstream was $707 million for the quarter.
This document is the 2001 Annual Report to Shareholders for Burlington Northern Santa Fe Corporation. It contains the following key information:
1) The CEO discusses BNSF's progress on its strategic priorities of People, Growth, Ease of Doing Business, Service, and Efficiency in 2001, noting challenges from the economic slowdown but some record achievements.
2) Safety improvements were made but injuries remained level, while discussions progressed with unions on safety agreements.
3) Revenues were flat in 2001 due to economic conditions, but some business lines like Mexico grew, and new customers and services helped capture additional market share.
4) Financial results disappointed expectations for revenue and operating ratio goals, though costs
The document summarizes an investment opportunity in the Opportunity Drilling & Acquisition Fund, LLC. The Fund will acquire existing production from 4 wells and drill 12 new wells targeting oil and gas. Projected revenue from the existing wells and new drilling is shown under different production scenarios. The Fund is seeking to raise $12 million total from 50 investment units of $240,000 each. Projected net yearly disbursements per unit range from $33,487.52 to $192,072 depending on production assumptions.
Financial Analysis - OGX Petroleo e Gas Participacoes SA is an oil and gas…
OGX Petroleo e Gas Participacoes SA is a Brazilian oil and gas exploration and production company. It has no revenue or employees yet as it is still in the exploration and production stage. The majority of its shares are owned by Brazilian institutions and individuals. Analyst ratings on the company are mixed, with around half recommending a buy and the other half recommending a hold or sell. Target price estimates range significantly from $1.80 to $17.63.
Chevron Corporation reported net income of $7.8 billion for third quarter 2008, down from $5.9 billion in the previous quarter. Upstream international operations contributed $3.9 billion to net income, while upstream U.S. operations contributed $2.1 billion. Downstream U.S. operations contributed $1 billion to net income. Foreign exchange gains increased to $303 million for the quarter.
POSCO achieved strong operating performance in 3Q 2009 with sales reaching 2.5 million tons per month due to increased production and market recovery. Key activities included expanding domestic production capacity through facility upgrades and new plants, strengthening competitiveness in stainless steel, and laying the foundation for global growth through projects in Mexico, Japan, Vietnam, and India. POSCO also promoted environmentally friendly coal gas and advanced material businesses through new investments and joint ventures.
Presidente Jose Sergio Gabrielli de Azevedo. Apresentação para o Instituto Fr...Petrobras
Brazil is emerging as a new hotspot for oil production. Petrobras has discovered large pre-salt oilfields offshore Brazil and has ambitious plans to increase production. Production is expected to grow from 2.9 million barrels per day in 2010 to over 5 million barrels per day by 2020, making Brazil one of the largest producers. Petrobras has a fully integrated value chain in Brazil and is focusing on developing local suppliers and technology to support its growth plans. The discoveries are expected to boost the Brazilian economy and make the country less reliant on imported oil.
- Eni reported preliminary results for Q4 and full year 2011 with highlights including exceptional progress on future growth projects sanctioned for development in locations such as the US, UK, Norway, Russia, Venezuela and Ghana.
- Production ramped up quickly in Libya following the crisis, with Eni-operated volumes almost back to pre-crisis levels by the end of 2011.
- Eni strengthened its position to face difficult market conditions through supply agreement negotiations, a focus on efficiency, and asset disposals totaling around €2 billion.
- Q4 adjusted net profit was €1.7 billion, with adjusted operating profit of €4.7 billion supported by improved exploration and production results.
- Pro
The document discusses the outlook for the LP gas and oil markets. It summarizes that global oil demand is expected to increase significantly by 2020-2030 which will challenge production capacity. World LP gas demand is projected to grow over 1% annually. Brazil's pre-salt oil reserves could double the country's proven reserves. Domestic oil production and product demand in Brazil are both expected to increase steadily through 2020. LP gas consumption and imports in Brazil have grown in recent years but imports are projected to decline as new refineries come online. Petrobras is well positioned in Brazil's LP gas and natural gas markets and infrastructure.
XTO Energy had a successful 2001, exceeding expectations with record cash flow of $4.49 per share, daily gas production growth of 21%, and proved reserves growth of 19% to 2.68 trillion cubic feet equivalent. The company deployed $395 million in development expenditures to grow production and reserves organically while also acquiring new properties. XTO Energy is well positioned for continued growth and strong returns in 2002 with over 1.5 trillion cubic feet equivalent of potential future reserves and a visible path to exceptional growth.
Cross Timbers Oil Company achieved record financial results in 2000, with total revenues of $600.8 million, income before taxes of $176.4 million, and earnings of $115.2 million. Daily production averaged 448,098 Mcfe, up 14% from 1999. Proved reserves grew 11% to 2.252 Tcfe at year-end 2000. The company aims to further increase production and reserves in 2001 while improving its strong financial position.
- The company reported strong financial results in the second quarter of 2009, with NOI growth of 26.7% and same-property NOI growth of 17.2% year-over-year. Adjusted EBITDA grew 36.9% to R$73.1 million with an 81.1% margin.
- Anchors store sales recovered and contributed to a 6.4% increase in consolidated same-store sales. Leasing spreads on new and renewed contracts were 13.9% and 15.9%, respectively.
- The company raised R$446 million in a share offering to finance expansion plans, including five greenfield projects and acquisitions. Construction began on the Granja V
This document provides an overview of a real estate development company. It discusses the company's business model, ownership breakdown, projects launched by region and income segment, project delivery schedules, cash position, revenue, sales, inventory levels, receivables, balance sheet details, land bank, and profitability metrics. Key details include a partnership model focused on the low-income segment, over R$700 million in projected project value delivered by end of 2010, growing revenues and profits, and a sizable land bank to be launched in 2011.
The document summarizes Eni's 2010 fourth quarter and full year preliminary results. Key highlights include record oil and gas production of 1.815 million barrels of oil equivalent per day for 2010. Exploration efforts discovered over 0.9 billion barrels of oil equivalent in resources. The company achieved cost reductions in refining ahead of target. Net debt increased from €23.1 billion to €26.1 billion due to capital expenditures, acquisitions and dividend payments exceeding operating cash flow and divestment proceeds. For 2011, Eni expects production to increase 1% at an oil price of $70 per barrel through continued growth initiatives.
BTG Pactual focuses on low-income real estate developments through partnerships with pure play developers. As of December 2010, Itaú Unibanco owned 20.6% of BTG Pactual shares, with the remaining shares owned by executives, board members, and public float. Between 2006-2010, BTG Pactual launched the most projects and property value in the metropolitan areas of Rio de Janeiro and São Paulo, with a focus on low-income segments. By the end of 2010, BTG Pactual planned to deliver 69% of total launched property value, consisting of 13 projects.
Michael Birk, Frito-Lay, presents on the company's sustainability policies at the Wisconsin Natural Gas for Transportation Roundtable on January 29, 2013.
Cr2 apresentação institucional eng - dez-10 - 10-12 [compatibility mode]SiteriCR2
This document provides an overview of CR2's business model, financial performance, and project portfolio. Key points:
- CR2 partners with pure play developers and focuses on the low-income housing segment.
- As of December 2010, CR2 had delivered over R$500 million in PSV, with projects concentrated in Rio de Janeiro and São Paulo.
- CR2 has a strong pipeline of future projects, with over R$700 million in PSV scheduled for delivery by the end of 2010.
- Financially, CR2 has grown its net operating revenue and EBITDA steadily since 2008. Cash position remains strong.
- CR2 has a diversified land bank,
DCP Midstream reported its gas volume, margins, and contract types for the first quarter of 2008. The document shows that:
- Percentage of Proceeds (POP) contracts accounted for 4.4 trillion British thermal units per day of gas volume and $457 million in margins.
- Keepwhole contracts accounted for 0.8 trillion British thermal units per day and $85 million in margins.
- Total margin for DCP Midstream was $707 million for the quarter.
This document is the 2001 Annual Report to Shareholders for Burlington Northern Santa Fe Corporation. It contains the following key information:
1) The CEO discusses BNSF's progress on its strategic priorities of People, Growth, Ease of Doing Business, Service, and Efficiency in 2001, noting challenges from the economic slowdown but some record achievements.
2) Safety improvements were made but injuries remained level, while discussions progressed with unions on safety agreements.
3) Revenues were flat in 2001 due to economic conditions, but some business lines like Mexico grew, and new customers and services helped capture additional market share.
4) Financial results disappointed expectations for revenue and operating ratio goals, though costs
The document summarizes an investment opportunity in the Opportunity Drilling & Acquisition Fund, LLC. The Fund will acquire existing production from 4 wells and drill 12 new wells targeting oil and gas. Projected revenue from the existing wells and new drilling is shown under different production scenarios. The Fund is seeking to raise $12 million total from 50 investment units of $240,000 each. Projected net yearly disbursements per unit range from $33,487.52 to $192,072 depending on production assumptions.
Financial Analysis - OGX Petroleo e Gas Participacoes SA is an oil and gas…BCV
OGX Petroleo e Gas Participacoes SA is a Brazilian oil and gas exploration and production company. It has no revenue or employees yet as it is still in the exploration and production stage. The majority of its shares are owned by Brazilian institutions and individuals. Analyst ratings on the company are mixed, with around half recommending a buy and the other half recommending a hold or sell. Target price estimates range significantly from $1.80 to $17.63.
Chevron Corporation reported net income of $7.8 billion for third quarter 2008, down from $5.9 billion in the previous quarter. Upstream international operations contributed $3.9 billion to net income, while upstream U.S. operations contributed $2.1 billion. Downstream U.S. operations contributed $1 billion to net income. Foreign exchange gains increased to $303 million for the quarter.
POSCO achieved strong operating performance in 3Q 2009 with sales reaching 2.5 million tons per month due to increased production and market recovery. Key activities included expanding domestic production capacity through facility upgrades and new plants, strengthening competitiveness in stainless steel, and laying the foundation for global growth through projects in Mexico, Japan, Vietnam, and India. POSCO also promoted environmentally friendly coal gas and advanced material businesses through new investments and joint ventures.
09.09 09.10.2009 - Presentation of Pré-sal E&P Executive Manager, José Mira...Petrobras
The document summarizes Petrobras' production plans from the large Santos Pre-Salt oil discoveries offshore Brazil. It states that announced recoverable volumes from Santos Pre-Salt could almost double Brazilian oil reserves. It also outlines Petrobras' expectations to increase oil production from the Santos Pre-Salt fields from 0.6 million barrels per day in 2013 to over 1.8 million barrels per day by 2020, primarily through accelerated development of the Santos Pre-Salt cluster compared to standard development timelines in other Brazilian fields. The document notes that capital expenditures for Santos Pre-Salt development through 2020 are estimated at $99 billion.
This document provides an overview and summary of Petrobras' 2nd Quarter 2012 financial results. Key points include:
- Petrobras reported a loss in 2Q12 versus a profit in 1Q12, due to factors like exchange rate devaluation, lower oil product prices in Brazil, production stoppages, and increased exploration expenses.
- The average exchange rate depreciated in 2Q12 compared to 1Q12, negatively impacting costs.
- Operational highlights included refining throughput records and advances in contracting for offshore oil development.
- 2Q12 results were affected by unique factors that are unlikely to occur together or at the same intensity in future quarters.
- The company reported a 2% increase in oil production for 3Q08 compared to 2Q08 due to production growth from platforms P-52 and P-54.
- New production systems P-51, P-53 and the FPSO Cidade de Niterói are on schedule to start production in 1Q09, with first oil from P-51 in January 2009.
- The company has completed its minimum exploratory program in the pre-salt Santos Basin and is preparing for an extended well test of the Tupi field, which is on schedule.
The document provides an overview of Petrobras' 4th quarter and full year 2011 results, highlighting a 16.41 billion barrel increase in proven oil reserves, a 2% increase in total oil and gas production to 2.62 million barrels per day, and investments of R$73 billion in 2011, 47% of which went to exploration and production activities. Petrobras also discussed its exploration successes in 2011, production outlook for 2012, and progress made in developing pre-salt fields in the Campos and Santos basins.
The document provides information on Petrobras' 3rd quarter 2014 conference call, including:
- Operating income decreased 48% from the previous quarter due to write-downs and losses totaling $4.1 billion.
- Net income decreased 38% and EBITDA decreased 27% from the previous quarter.
- Oil production is forecast to be 2,125 thousand barrels per day in 2015, a 4.5% increase from 2014.
- The 2015 CAPEX budget is estimated between $31-33 billion and oil prices are projected between $50-70 per barrel.
The document summarizes the company's financial results for the 1st quarter of 2009. It reported a 3% increase in domestic oil, NGL, and natural gas production compared to the 4th quarter of 2008 due to new production systems coming online. Operating income decreased compared to the previous quarter primarily due to lower oil prices and sales volumes, though cost reductions partially offset this. New discoveries were also announced in pre-salt areas that will help drive future growth.
Webcast about the 1st Quarter Results 2011 - IFRSPetrobras
Petrobras reported strong financial results for the 1st quarter of 2011, with record net income. Key highlights included the start-up of pre-salt production in the Campos and Santos Basins, new oil discoveries in the Santos Basin pre-salt area, and the start-up of new gas pipelines and refining units. Oil and gas production increased slightly compared to the prior year due to ramp-ups in existing fields and assets. In the Santos Basin pre-salt area, Petrobras continued development and exploration activities through EWTs, new discoveries, and optimization of drilling times and costs.
The document provides operational and financial results for the 2nd quarter of 2014. It summarizes oil and gas production figures, including a 50,000 barrel per day increase in oil production from the 1st to 2nd quarter. It also outlines factors supporting further production growth for the remainder of 2014, with a target average production of 2.075 million barrels per day. Lifting costs for the 2nd quarter were $14.57 per barrel, a 3% increase from the previous quarter, mainly due to a stronger US dollar.
- Petrobras achieved its 2012 production target of 1,980 kbpd despite operational challenges.
- Pre-salt production increased to 136.4 kbpd in 2012, up from 100.3 kbpd in 2011.
- Proven reserves totaled 16.44 billion boe and the reserve replacement ratio was 103.3%.
- The PROEF program in the UO-BC increased average production by 25 kbpd and operational efficiency by 11 percentage points.
Webcast 4th Quarter and Fiscal Year 2008 Petrobras
The document summarizes Petrobras' 4th quarter and fiscal year 2008 results. Key points include:
- Oil and gas production levels decreased slightly in 4Q08 due to natural field declines and stoppages. New production systems helped offset declines.
- Prices and margins decreased significantly in 4Q08 compared to 3Q08 due to lower global oil prices.
- Exploration and Production results were affected by lower prices and impairment charges. Downstream was impacted by inventory holding losses.
- Cash flow from operations was positive despite lower earnings, helped by inventory reductions. Leverage increased due to debt and currency devaluation.
OPERATIONAL AND FINANCIAL
RESULTS - 1st Quarter 2014
Conference Call / Webcast
May 12th 2014
1Q14 Results
8% increase in Operating Income. 14% reduction in Net Income relative to 4Q13
Higher Operating Income due to the full effect during the 1Q14 of the oil products price adjustments and the lower share of
imported diesel in sales, negatively impacted by the provision for PIDV. Net income was lower due to the impact of the fiscal
benefit from interest on capital of R$ 3.2 billion, that occurred in the 4Q13.
Webcast about the 3rd Quarter Results 2011 - IFRSPetrobras
The document provides highlights from Petrobras' 3rd quarter 2011 results. Key points include:
- Operating income and EBITDA were stable compared to the previous quarter. Net income was affected by a 19% devaluation of the Brazilian Real.
- Production of the P-56 platform in the Marlim Sul field is expected to reach peak production in Q1 2012.
- Developments in pre-salt areas include the start-up of the Lula-Mexilhão gas pipeline and tests confirming the potential of the Franco field.
- Production increased 1.2% year-over-year for the first nine months but declined 1% compared to the previous quarter due to scheduled and unscheduled
Petrobras announced results for the 4th quarter and full year 2009. Key highlights include:
1) Petrobras replaced its Brazilian oil and natural gas production for the 17th consecutive year and increased its international reserves.
2) Brazilian oil and gas production increased 6% from 2008 due to new production units coming online. International production grew 6% as well.
3) Petrobras outlined its production targets for 2010 which will see further growth from new systems and enhanced oil recovery projects.
Webcast about the 2nd Quarter Results 2011 - IFRSPetrobras
1) Petrobras reported net income of R$10.9 billion for 2Q11, in line with 1Q11 results and a 32% increase over 2Q10.
2) Production is expected to increase in 2H11 with the start-up of new offshore fields and platforms.
3) Petrobras is accelerating its pre-salt exploration and has drilled 30 wells in the Santos Basin so far in 2011.
Conference Call/Webcast
October 29th, 2012
» QUARTER HIGHLIGHTS
» Net Income of R$5,567 million and EBITDA of R$14,375 million
» Oil production in Brazil of 1,904 kboed (-3% vs. 2Q12) and natural gas of 377 kboed (+4% vs. 2Q12)
» Start up of FPSO Cidade de Anchieta in September 10th
» Current production: 42 kbpd with 3 wells
» Production peak (100 kbpd): March/2013
» Discoveries: Grana Padano (Espirito Santo), Pecém (Ceará), Barra and Moita Bonita (Sergipe Alagoas)
» Record refinery output (2,026 kbpd in 3Q12 vs. 1,886 kbpd in 3Q11)
» Start up of REPAR’s Coking unit
» 7th consecutive year in the Dow Jones Sustainability Index
This document provides a summary of PETROBRAS' 1st quarter 2006 earnings conference call. The summary includes:
- PETROBRAS' net income decreased 18% compared to the previous quarter due to higher tax payments.
- Domestic oil and NGL production increased 14% year-over-year due to new platform start-ups.
- Lifting costs increased 6% quarter-over-quarter mainly due to a 3% real appreciation and lower production volumes.
- Refining costs decreased 6% from the previous quarter due to fewer planned refinery stoppages.
The document is the results announcement for Petrobras' 3rd quarter 2009. It contains the following key points:
1. Petrobras saw an 8% increase in total production and a 5% rise in domestic oil production compared to the third quarter of 2008.
2. New production units are ramping up and expected to further increase output. Pre-salt activities are accelerating with ongoing exploration and appraisal wells.
3. Operating income was impacted by a provision for special participation tax related to the Marlim field, but net income was flat after adjusting for foreign exchange variations.
4. Exploration and production showed solid operating performance while downstream income normalized with increases in international prices. Gas and energy
The document summarizes Petrobras' 1st quarter 2016 results. Net income decreased 123% to a loss of R$1.2 billion due to lower oil prices, weaker demand, and higher financial expenses. Oil and gas production declined 6% to 2.6 million boed. Lifting costs fell 21% in Brazil and 37% abroad. Refining costs decreased slightly. Downstream sales volumes declined 5-8% while refining utilization remained stable. Cash flow from operations fell 2% to US$6 billion. Investments declined 13% to R$15.6 billion.
1) Petrobras reported results for the first quarter of 2007, with a 1.2% decrease in domestic oil and NGL production due to a scheduled stoppage.
2) Total oil, gas and NGL production was relatively flat, decreasing 1.2% compared to the previous quarter, due to issues increasing production growth.
3) Refining production in Brazil increased 5% due to higher utilization, while oil product sales volumes decreased in 1Q07 due to seasonal factors.
Chevron Corporation reported its earnings for the second quarter of 2008. Total net income was $5.975 billion, or $2.90 per diluted share, up from $5.380 billion in the second quarter of 2007. Upstream international operations contributed $5.057 billion in net income. Downstream operations in the U.S. reported a net loss of $682 million, while downstream international operations reported a net loss of $52 million.
The 10th Annual Latin American Conference hosted by Santander will take place from January 17-20, 2006 in Acapulco, Mexico. Raul Adalberto de Campos, the Investor Relations Executive Manager for Petrobras, will present at the conference. The presentation may contain forecasts about future events involving risks and uncertainties that could cause actual results to differ from expectations. Petrobras is not obligated to update any forecasts based on new information.
The document discusses Louisiana's oil and gas industry, focusing on its shale plays like the Haynesville Shale. It provides statistics on the Haynesville Shale like it being the largest natural gas field in the US, its $14 billion estimated economic impact in 2012, and over 2,000 producing wells. Maps show the location of wells in the Haynesville Shale and other plays that have helped make Louisiana a leading energy producer.
The document contains two methods for repaying a loan. Method 1 repays the principal of $75 million in full in the 7th period, with interest-only payments for the first 6 periods at 11.5% annually. Method 2 repays $5 million per period plus interest at 13.5% annually over 7 periods, fully repaying the $100 million principal. The total repayment under Method 1 is $135.375 million and under Method 2 is $180.325 million.
- Eni reported financial results for the first quarter of 2009, with operating profit down 36.3% and net profit down 42.2% compared to Q1 2008 due to weaker oil prices and lower sales volumes.
- E&P operating profit declined 49.3% due to lower Brent crude prices and higher depreciation, depletion and amortization costs.
- G&P saw a 6.2% increase in natural gas sales volumes but operating profit fell 18.2% as Italian volumes declined and inventory losses increased.
- Refining & Marketing swung to a profit versus a loss in Q1 2008 due to lower costs and inventory gains, despite lower throughput.
OHL Brasil is the third largest toll road operator in Brazil, operating 907 km of roads. In Q3 2005:
1) Adjusted EBITDA grew 17.7% over Q2 2005 and 15.4% over the first nine months of 2004. Net income was R$24.0 million in Q3 2005 and R$53.2 million in the first nine months of 2005.
2) Traffic across OHL Brasil's roads increased by 1.0-3.6% compared to the same periods last year. Net revenue grew 12.6% in Q3 2005 and 10.5% in the first nine months of 2005 over the same periods last year.
Banco ABC - 2nd Quarter 2008 Results PresentationBanco ABC Brasil
The 2Q08 earnings presentation highlighted strong growth and profitability for Banco ABC Brasil. Net income grew 14.2% quarter-over-quarter to R$43.4 million, with the efficiency ratio improving to 35.1%. The credit portfolio expanded 12.4% to R$6.5 billion due to increases across business segments. Guidance forecasts 47-57% growth in the total credit portfolio and 12-18% growth in expenses for 2008.
Brasil Ecodiesel reported financial and operational results for the first quarter of 2007, with sales volume up 103% over the previous quarter. The company's biodiesel production capacity expanded to 800,000 cubic meters per year across four operational transesterification plants. Revenues increased 100% to R$61.1 million compared to the previous quarter, though the company reported a net loss of R$0.5 million. The number of farming families in Brasil Ecodiesel's supply network expanded by 71.9% over the previous quarter.
In the third quarter of 2008, Sunoco reported net income excluding special items of $559 million ($4.78 per share). Refining and Supply earnings were $424 million due to falling crude oil prices and reduced purchases of premium-priced crude. Non-Refining earnings were $140 million from lower feedstock costs and solid contributions from Logistics and Coke. Refinery utilization was 88% with continued focus on optimizing production to meet market demand. Retail gasoline margins expanded as wholesale prices fell throughout most of the quarter.
1) Cross Timbers Oil Company reported strong financial and operational results in 1999, including record production, increased proved reserves, and higher cash flow.
2) The company acquired nearly 500 billion cubic feet equivalent of reserves in the Arkoma Basin, establishing a new core area.
3) Cross Timbers also conducted property sales totaling $258 million, using proceeds to reduce debt and fund acquisitions like the Arkoma Basin properties.
4) The company executed its most aggressive development program in history in 1999, adding over 800 billion cubic feet equivalent of reserves at a cost of $0.70 per thousand cubic feet equivalent.
(1) Petrobras introduced biodiesel production in Brazil in 2005 and has since expanded production through multiple phases, with a goal of producing 855 thousand cubic meters per year by 2011. (2) Petrobras is implementing biodiesel and ethanol production facilities across Brazil using various feedstocks like soybean, castor bean, and jatropha. (3) Petrobras is also researching technologies like HBIO to produce renewable diesel from vegetable oils as well as cellulosic ethanol production. (4) Petrobras recognizes that biofuels will play a major role in transportation fuels and is making investments to develop competitive production costs and export markets for Brazilian ethanol.
Index that traces the relative changes in the price of an individual good (or a market
basket of goods) over time
It is also substituted for the annual average inflation at times
It gives an idea of the week-to-week fluctuations in the prices of all the traded
commodities in the country as a whole
It is calculated for wholesale prices in which the quantities of the base year and
current year are different
Eni Interim Update and 2010 Q2 Results, July 28th 2010Eni
- Eni reported strong financial results for the first half of 2010, with adjusted operating profit up 34% and adjusted net profit up 30% compared to the first half of 2009.
- Oil and gas production was largely stable compared to 2009 despite a 30,000 barrel per day reduction in expected gas offtakes.
- The refining and marketing segment continued its focus on cost optimization amid a difficult business environment.
- Eni maintained a strong financial position with its leverage ratio improving to 41% and generating over €9 billion in cash from operations during the first half.
WHY REFRAC ORGANIC SHALE WELLS: EAGLE FORD AND HAYNESVILLE CASE STUDIESiQHub
This document discusses refracking organic shale wells in the Eagle Ford and Haynesville formations. It analyzes the production and economics of 58 refracked Eagle Ford wells and 31 refracked Haynesville wells based on public production data. Refracks can significantly increase well economics, with mechnical isolation refracks in the Eagle Ford returning over $5 million NPV on average and bullhead refracks returning over $2.5 million NPV. Refracks provide attractive economics compared to drilling new wells given current supply chain constraints. Primary well production is also protected by refracking offset wells to maintain reservoir pressure and avoid losses from asymmetric fracturing between wells.
18.03.2009 Presentation of E&P Coordinator, Eduardo Alessandro Molinari - P...Petrobras
This document provides an overview of Petrobras, the Brazilian national oil company. It includes disclaimers about forecasts and reserves under SEC guidelines. The investment plan from 2009-2013 totals $174.4 billion, with $104.6 billion for exploration and production. Major oil and gas projects are outlined to increase production between 2008-2013. Reserves, production levels, and key statistics are presented.
The document analyzes whether the recent rise in oil prices constitutes a bubble, noting that demand growth has slowed while speculative investment in oil futures by financial institutions has exploded, with index funds investing in oil futures growing twentyfold in five years, leading the author to conclude that non-supply-demand factors are increasingly determining prices.
This document provides quarterly operating highlights and throughput volumes & yields for Valero Energy Corporation from 2002 through the fourth quarter of 2008. It includes key metrics such as throughput volumes, throughput margins per barrel, operating costs per barrel, and net margins per barrel for Valero's Gulf Coast, West Coast, Mid-Continent, and Northeast regions. Additionally, it provides total figures for Valero's total refining operations excluding and including the Lima, Ohio refinery. The document aims to present an overview of Valero's refining performance and costs over this time period for investors and analysts.
Apresentação sem discurso 2 t10 aes eletropaulo final_eng (final)AES Eletropaulo
- AES Eletropaulo reported higher energy volume, earnings, and cash generation in 2Q10 compared to 2Q09. Net income increased 201% due to market growth, tariff adjustments, and one-off gains.
- EBITDA more than doubled due to increased revenue, lower expenses, and a one-time settlement. Cash flow was up 37% despite higher capital expenditures.
- The results demonstrate the company's improved operational and financial performance through consumption growth, expense management, and non-recurring items.
This document shows the TV viewership and cost of a 30-second ad for each Super Bowl from 1980-2003. While viewership fluctuated, rising to over 90 million by the late 1990s before dropping slightly, the cost of an ad steadily increased over this period, reaching over $2 million by 2003. There is not a strong correlation between viewership numbers and ad costs. Viewership is impacted by which teams are playing, as more popular franchises like the Bears, Cowboys, and Steelers led to higher ratings when they appeared. Meanwhile, advertisers are still willing to pay increasing amounts to reach the huge audience that even lower-viewed Super Bowls provide.
Strategic Plan 2040 || Business and Management Plan 2019-2023Petrobras
The presentation contains forward-looking statements about future events that are not based on historical facts and are not assurances of future results. Such statements merely reflect the Company’s current views and estimates of future economic circumstances, industry conditions, company performance and financial results. Readers are cautioned that these statements are only projections and may differ materially from actual future results or events. The document also contains certain financial measures that are not recognized under Brazilian GAAP or IFRS and may not be comparable to similarly-titled measures provided by other companies.
Plano Estratégico 2040 || Plano de Negócios e Gestão 2019-2023Petrobras
Este documento descreve a jornada da companhia até o momento, suas ambições para o futuro e os planos para alcançá-las. A companhia busca reduzir custos, dívida e riscos, enquanto aumenta a produção, rentabilidade e investimentos em novas áreas, como renováveis. Seus principais objetivos incluem reduzir acidentes, dívida e aumentar retorno sobre capital empregado.
Petrobras provides an overview and highlights of its operations in the first half of 2018. Key points include a net income of $17 billion, an 18% increase in operating income, and starting production from the first system in the Transfer of Rights area of the Buzios field. Petrobras also anticipates increasing production through 2022 by starting up 19 new production units and expanding its exploratory portfolio by 31% since 2017. The company aims to reduce debt levels through divestments and maintain its 2018-2022 capex at $74.5 billion, focusing investments on pre-salt areas and projects with higher profitability.
Apresentação Investor Day, São Paulo, 2018Petrobras
O documento apresenta as informações da reunião anual com investidores da Petrobras em 2018. Nele, o presidente da Petrobras discute os principais destaques da companhia no ano, incluindo a redução da dívida líquida, aumento do fluxo de caixa livre e entrega consistente das metas de produção. Além disso, o documento aborda a melhoria da governança corporativa e da gestão de riscos da Petrobras.
- Petrobras held its annual investor day in 2018 to discuss the company's performance and future plans
- The CEO highlighted improvements in safety, debt reduction, cash generation, governance, and exploration successes in recent years
- Executives provided details on ongoing debt management initiatives, production increases, cost savings, and new deepwater project startups
- The company aims to further strengthen its financial position while preparing for a low-carbon future through technology investments and portfolio optimization
O documento fornece informações sobre as atividades e desempenho da Petrobras em 2017, incluindo sua transição para uma economia de baixo carbono, transformação digital, desempenho operacional e financeiro, segurança e saúde dos trabalhadores, e contribuições para a sociedade e meio ambiente. A mensagem do presidente destaca os compromissos da empresa com a sustentabilidade, como investimentos em novas tecnologias de baixo carbono e redução de emissões.
FORWARD-LOOKING STATEMENTS:
DISCLAIMER
The presentation may contain forward-looking statements about future events within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended, that are not based on historical facts and are not assurances of future results. Such forward-looking statements merely reflect the Company’s current views and estimates of future economic
circumstances, industry conditions, company performance and
financial results. Such terms as "anticipate", "believe", "expect",
"forecast", "intend", "plan", "project", "seek", "should", along with similar or analogous expressions, are used to identify such forward-looking statements. Readers are cautioned that these statements are only projections and may differ materially from
actual future results or events. Readers are referred to the documents filed by the Company with the SEC, specifically the Company’s most recent Annual Report on Form 20-F, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements,
including, among other things, risks relating to general economic
and business conditions, including crude oil and other commodity prices, refining margins and prevailing exchange rates, uncertainties inherent in making estimates of our oil and
gas reserves including recently discovered oil and gas reserves,
international and Brazilian political, economic and social developments, receipt of governmental approvals and licenses and our ability to obtain financing.
Este documento descreve:
1) As previsões contidas na apresentação envolvem riscos e incertezas e não são garantias de resultados futuros.
2) A companhia não se obriga a atualizar previsões com novas informações.
3) Alguns indicadores financeiros não são reconhecidos pelo BR GAAP ou IFRS e não devem ser usados isoladamente.
Apresentação de Pedro Parente no Investor Day Nova YorkPetrobras
Petrobras CEO Pedro Parente presented at an event in New York on October 2, 2017. The presentation included disclaimers about forward-looking statements and non-SEC compliant reserves data. It discussed Petrobras' strengths in deepwater production, integrated operations across Brazil's energy industry, and ongoing work to improve governance, reduce costs and leverage through partnerships and divestments. The Business Plan aims to lower leverage, reduce injury rates, focus capital expenditures, and lower production costs.
Apresentação de Pedro Parente no Investor Day LondresPetrobras
1. The document contains a disclaimer stating that any forward-looking statements are based on estimates and are subject to risks and uncertainties.
2. It then outlines an agenda for a Petrobras Day presentation, including discussing Petrobras at a glance, the oil and gas industry, Brazil's regulatory framework, Petrobras' strengths, recent results, and future planning.
3. The document provides several cautions about non-SEC compliant data and financial measures included in the presentation.
Apresentação de Pedro Parente no Investor Day São PauloPetrobras
1) O documento apresenta avisos sobre previsões e estimativas contidas no material.
2) É informado que termos como "descobertas" não podem ser usados nos relatórios arquivados da companhia segundo as diretrizes da SEC.
3) Há um aviso para investidores norte-americanos sobre indicadores financeiros não reconhecidos pelo BR GAAP ou IFRS.
Este documento apresenta o plano estratégico e de negócios da Petrobras para 2017-2021. O plano visa reduzir custos operacionais em 18% e a dívida líquida da empresa através de parcerias e desinvestimentos. O plano também prevê aumentar a produção de petróleo e gás natural por meio de novos projetos de exploração e produção, principalmente no pré-sal.
Petrobras presents its Strategic Plan for 2017-2021 which focuses on oil and gas production. Key goals include reducing total recordable injury rate by 36% and reducing leverage (net debt to EBITDA ratio) to 1.4 by 2018. The plan prioritizes cost reductions through operational efficiencies, partnerships and divestments. Planned investments total $74.1 billion, with 81% directed towards exploration and production. The plan expects to increase oil and gas production to 3.34 million boe/day by 2021 through development of pre-salt and post-salt assets. Financial measures aim to fund investments without taking on additional net debt over the period.
Strategic Plan and 2017-2021 Business & Management PlanPetrobras
This document outlines Petrobras' strategic plan for 2017-2021. It discusses where the company is currently, with high debt levels and operating costs, and where it wants to be - an integrated energy company focused on oil and gas. The plan details how Petrobras will get there through initiatives like cost reductions, partnerships and divestments, and lower capital expenditures. It establishes metrics to measure success in areas like safety, financial leverage, and production levels. The strategies discussed include optimizing the exploration and production portfolio, increasing efficiency in deepwater production, and strengthening refining and natural gas operations.
Plano Estratégico e Plano de Negócios e Gestão 2017-2021Petrobras
Este documento apresenta o Plano Estratégico e de Negócios da empresa para o período de 2017-2021, com o objetivo de guiar a empresa rumo à sua visão de longo prazo. O plano descreve onde a empresa está atualmente, enfrentando desafios como endividamento e preços baixos de petróleo, e onde deseja chegar, com métricas focadas em segurança e redução da alavancagem. O plano também explica como a empresa pretende alcançar seus objetivos por meio de iniciativas de redução de custos, par
O Conselho de Administração da Petrobras aprovou o Plano de Negócios e Gestão 2015-2019, com objetivos de desalavancagem da companhia e geração de valor para acionistas. O plano prevê reduzir a alavancagem líquida para menos de 40% até 2018 e 35% até 2020, com desinvestimentos de US$ 15,1 bilhões em 2015-2016 e US$ 42,6 bilhões em 2017-2018. A produção total esperada é de 3,7 milhões de barris de óleo equivalente por dia em 2020, com o pré
1) A Petrobras divulgou seus resultados do primeiro trimestre de 2016, apresentando prejuízo líquido de R$ 1,2 bilhão.
2) Os resultados foram impactados negativamente pela queda nos preços do petróleo e câmbio desfavorável.
3) A produção total de petróleo e gás natural da Petrobras no Brasil e no exterior caiu 1% em relação ao trimestre anterior.
1. Conference Call / Webcast Almir Barbassa
RESULTS ANNOUCEMENT CFO and Investor
4th Quarter 2006 and 2006 Relations Officer
Brazilian Corporate Law) February 14th 2007
2. Disclaimer
The presentation may contain forecasts about future events. Such forecasts merely reflect the
expectations of the Company's management. Such terms as "anticipate", "believe", "expect",
"forecast", "intend", "plan", "project", "seek", "should", along with similar or analogous
expressions, are used to identify such forecasts. These predictions evidently involve risks and
uncertainties, whether foreseen or not by the Company. Therefore, the future results of
operations may differ from current expectations, and readers must not base their expectations
exclusively on the information presented herein. The Company is not obliged to update the
presentation/such forecasts in light of new information or future developments.
Cautionary Statement for US investors
The United States Securities and Exchange Commission permits oil and gas companies, in their
filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual
production or conclusive formation tests to be economically and legally producible under existing
economic and operating conditions. We use certain terms in this presentation, such as oil and
gas resources, that the SEC’s guidelines strictly prohibit us from including in filings with
the SEC.
1
3. DOMESTIC OIL AND NGL PRODUCTION
5.6% increase y-o-y due to
.6 %
the start-up of the =5 1,778
following production Δ
units:
thousand bpd
P-50 (Albacora Leste), in April 2006 1,684
FPSO Capixaba (Golfinho), in May
2006
P-34 (Jubarte), in December 2006
2005 2006
2
4. TOTAL OIL, NGL AND GAS PRODUCTION
thous. boed
%
3.5% Δ = 1.4 2,334
Δ=
2,301
2,278 2,273
2,256
4Q05 1Q06 2Q06 3Q06 4Q06
• Increase in the 4Q06 production due to the start-up of new production wells linked to P-50 platform (Albacora Leste)
• For the same period, decrease in the international oil and gas production, as a consequence of the contractual negotiations in
Argentina that affected production in some fields (oil), lower demand for Bolivian gas and the finalization of some repairs in the duct of
San Antonio (gas).
3
5. E&P – OIL PRICES
US$/bbl 2005 2006 Δ
Aver. Sales Price 45.42 54.71 20.45%
Brent (Av.) 54.38 65.14 19.79%
Spread 8.96 10.43 - 69.62 69.49
61.53 61.75 59.68
64.74 66.07
56.39 56.9
US$/bbl
57.59 58.20 58.69
51.59 56.08 US$ 10.98 bbl
47.83 54.24 52.7 53.69
44.00 49.33 48.70
44.19 46.05
39.70 43.04
37.48
35.11
4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06
Average sales price Brent (average) OPEC Basket
Stable spread between Brazilian oil and Brent (US$ 10.80/bbl in the 3Q06 and US$ 10.98/bbl in the 4Q06)
despite of the oil prices decrease in the international market.
4
6. REFINING AND SALES IN THE DOMESTIC MARKET
Thousand barrels/day
95 %
89
93 90
1, 950
89 91
89 85
87
85
80
81 80 80
79 79 80
1, 800 78 75
70
1,8 12 65
1, 650 1,79 5 1,74 6 1,76 4
1,76 1 60
1,6 8 4 1,753 1,70 7 1,6 9 7
1,73 5
1,6 4 9 1,6 9 6 55
1,6 3 5 1,6 4 4
1, 500 50
4 Q0 5 1 Q0 6 2 Q06 3 Q0 6 4Q0 6 2005 2006
D o mest ic o il p r o d uct s p r o d uct io n Oil p ro d uct s sales vo lume
Pr imar y p r o cessed inst alled cap acit y - B r az il ( %) D o mest ic cr ud e as % o f t o t al
Oil products production in 4Q06 Sales volume Slight decline in domestic crude
decreased relative to 3Q06 because of decreased due participation was a consequence of
programmed stoppages in REVAP, to seasonal greater competitive advantage to
REFAP and REMAN refineries, also demand; process more light oil, reducing
affecting capacity utilization; production of fuel oil.
5
7. AVERAGE REALIZATION PRICE - ARP
US$/bbl 2005 2006 Δ
ARP Brazil 58.58 70.92 21.07% 4Q05 3Q06 4Q06
100 Brent (Av.) 54.38 65.14 19.79% Avrg Avrg Avrg
ARP USA 65.14 75.52 15.93% 81.83 70.59
72.90
80 72.28 68.81
68.90
56.90 69.49 59.68
60
40
20
Dec-04 M ar-05 Jun-05 Sep-05 Dec-05 M ar-06 Jun-06 Sep-06 Dec-06
ARP Brasil (US$/ bbl) Average Brent Price (US$/ bbl)
ARP USA (US$/ bbl w/sales vol.in Brasil)
Domestic prices aligned with the practiced prices in the American market in the 4Q06.
After summer season in the northern hemisphere, international oil prices tended to decrease.
6
8. INCOME STATEMENT 4Q06 VS 3Q06
3Q06 4Q06
41.041 - 5.4%
Net Revenue
43.363
26.696
COGS -1.4%
27.066
R$ million
10.594
EBITDA - 19.9%
13.218
7.829
Operational Profit - 26.2%
10.609
5.200 - 26.6%
Net Income
7.085
• The decrease in oil (E&P) and realization (Downstream) prices and smaller sales volume led to a fall in net
revenues in the 4Q06. In the other hand the drop in COGS wasn’t able to follow the decrease in the net
revenues as inventories with a higher costs basis purchased during prior quarters were liquidated. (inventories
evaluation using the average cost criteria).
• increase in operational expenses, specially Exploratory and General & Administrative.
7
9. OPERATIONAL EXPENSES ANALYSIS 4Q06 VS 3Q06
3Q06 4Q06
1.550 0,3%
Sales Expenses
1.546
General and 1.728 18,4%
Administrative 1.459
R$ million
818 54,0%
Exploratory Costs
531
356 35,9%
Taxes
262
1.059
Others
1.036
2,2%
• Sales Expenses: stable despite decrease in total volume sold in the domestic market. There was an increase in
gasoline and diesel sales volumes;
• General & Adm.: higher personnel expenses due to increase in labor force and collective bargaining agreement;
• Exploratory Costs: write-off of dry and non-commercial wells and update of provision for area abandonment.
These costs usually are concentrated in the fourth quarter.
8
10. CHANGE IN QUARTER REVENUES (4Q06 VS 3Q06)
Exploration & Production –Operational Profit Change– R$ millions
1,779 Domestic Oil, NGL and Condensate – thousand bpd 1,823
10.313 3.748
776 363
365
796 7.409
3Q06 Operating Price Effect on Avrg Cost Effect Volume Effect on Volume Effect on Operational 4Q06 Operating
Profit Net Revenue on COGS Net revenue COGS Expenses Profit
E&P’s operational result in 4Q06 was particularly affected by the decrease in the
international oil prices
9
11. CHANGE IN QUARTER REVENUES (4Q06 VS 3Q06)
Downstream – Change in Operating Profit – R$ million
326 319
4.191 142 2.315
634
1.533 3,557
3Q06 Operating Net Effect Volume Effect Volume Effect Operating 4Q06 Operating
Profit on Net on COGS Expenses Profit
Revenues
Price Effect Avrg Cost Effect
on Net Rev on COGS
• ARP’ drop reduced the operational revenues on the Downstream by R$ 3,557 million;
• The decrease on the transfer prices (E&P to Supply) and the lower offshore operating costs contributed to the
reduction in the average costs (R$ 4.191 million);
• R$ 634 million net effect as inventories with a higher costs basis purchased during prior quarters were liquidated.
10
12. NET PROFIT CHANGE – R$ million (4Q06 VS 3Q06)
1,779 Domestic Oil, NGL and Condensate – thousand bpd 1,823
7.085 2.322
370 43
828 361
63 5.200
640
3Q06 NP Income COGS Oper. Expen. Fin. Expen., Taxes Non Control. Employee Part. 4Q NP
Non Oper., Shareholder
Others and Inc Part.
Par
• Profit decrease in 4Q06 mainly due to smaller average realization prices of exports and oil products in the
domestic market;;
• Liquidated inventories with a higher costs basis purchased during prior quarters (average cost criteria) halted a
steeper drop in the COGS.
11
13. BUSINESS AREAS CONTRIBUITION TO OPERATIONAL PROFIT
2.904
10.609 4Q05 vs. 3Q05 (R$ million)
327 45
782 542
377 21 7.829
3Q06 Oper. E&P Downst G&E Distr. Inter. Corp. Elim. 4Q06 Oper.
Prof. Prof.
International: decrease mainly due to: G&E: improvement related to the previous quarter due to:
• Decrease in the international oil prices; • Increase in gross profit as a result of better
• Lower trade oil volume in Argentina (oil workers strike); commercialization energy margins;
• Lower sales volume in Bolivia (repairs in the Santo Antonio pipe); • Loss accrued in the 3Q06 as a result of the closing of
• Write-off of well in the USA and expenses with seismic in the hedge contract for the reduction of natural gas
Argentina and USA price volatility.
12
14. NET EXPORTS OF OIL AND OIL PRODUCTS
Volume Surplus 128 thous bpd in 4Q06 and 93 thous bpd in the year
Exports (thous barrels/day) Imports (thous barrels/day)
559 540
669 488
581 576 109 446 459 510
523 532 548 442 132
118 137
409 215 94 115 88
246
221
260 281
270
228
450
370 344 373 408
454 352 354
335 355
263 262 267
181
2004 2005 2006 1Q06 2Q06 3Q06 4Q06 2004 2005 2006 1Q06 2Q06 3Q06 4Q06
Oil Oil Products
• The lower percentage of domestic crude participation in the throughput (due to the commercial advantages of
processing light oil, reducing the fuel oil production) allowed an increase in the heavy oil exports and a decrease
in the fuel oil exports;
• On the other side there was an increase in the light oil imports and stability in the oil products imports.
2006 includes ongoing exports 13
15. Cash Breakdown (R$ millions)
1.600
25.000
1.200
15.000 800
Cash
400
5.000
0
'jun/05 'sept/05 'dec/05 'mar/06 'jun/06 'sept/06 'dec/06
(5.000)
FX rate
change* Δ-5.5% Δ5.3% Δ-7.2% Δ-0.4% Δ0.5% Δ-1.7% (400)
(15.000) Abroad In Brazil w/ FX correction
(800)
In Brazil CDI Cash
Financial Income
(25.000) (1.200)
• Financial revenues influenced by the US dollar indexed cash as hedge
against the debt and costs linked to dollar.
* Price of US Dollar at end of the period 14
16. LEVERAGE
Petrobras’ Leverage Ratio
37%
R$ million 12/31/2006 12/31/2005
32% (1)
Short Term debt 13.074 11.116
28% 27%
26% 26%
(1)
24%
28% Long Term Debt 33.531 37.126
20% 20%
19% 18%
23% 17% 16% Total Debt 46.605 48.242
19%
Cash and Cash
27.829 23.417
Equivalents
(2)
Mar-05 Jun-05 Sept- Dec-05 Mar-06 Jun-06 Sept- Dec-06 Net Debt 18.776 24.825
05 06
Net Debt/Net Capitalization
Short-Term Debt/Total Debt
Decrease in total and net debt:
Strong operating cash generation allows reduction of the debt (bonds
buyback) and increase in cash balance.
(1) Includes debt contracted through leasing contracts of R$ 2.540 million on December 31, 2006, and R$ 3.300 million on December31, 2005.
(2) Total debt - cash and cash equivalents
15
17. CONSOLIDATED CASH FLOW STATEMENT
R$ million
4Q06 3Q06
(=) Net Cash from Operating Activities 13.244 10.209
(-) Cash used in Cap. Expend. (12.061) (8.341)
(=) Free Cash Flow 1.183 1.868
(-) Cash used in Financing and Dividends 2.127 (62)
Financing 2.128 (60)
Dividends (1) (2)
(=) Net Cash Generated in the Period 3.310 1.806
Cash at the Beginning of Period 24.519 22.713
Cash at the End of Period 27.829 24.519
R$ 3,3 billion cash increase.
16
18. INVESTMENTS
2006 % 2005 % %
Direct investments 29.769 90 22.927 89 30
Exploration & Production 15.314 51 13.934 54 10
Downstream 4.181 13 3.286 13 27
Gas & Energy 1.566 5 1.527 6 3
International 7.161 17 3.153 12 127
Distribution 642 2 495 2 30
Corporate 905 2 532 2 70
Special Purpose Companies (SPCs) 3.507 9 2.385 10 47
Ventures under Negociation 409 1 311 1 32
Project Finance 1 - 87 - -
Total Investments 33.686 100 25.710 100 31
Primarily Investing in the development of oil and gas production capacity using own
resources and partnerships.
17
19. DOMESTIC LIFTING COSTS WITHOUT GOVERNMENT PARTICIPATION
Δ = 9% or US$ 0.60
7.24
US$/bbl 6.32 6.64
6.07 6.12
4Q 05 1Q06 2Q06 3Q06 4Q06
MAIN CAUSES
Higher expenditures:
• Drilling rigs
• Specialized services and materials
• Well interventions and repairs
• Personnel expenses resulting from wage readjustment
• High initial unitary costs from FPSO-Capixaba (Golfinho) and P-34 (Jubarte) projects, which will tend to
decrease with the production grow.
18
20. LIFTING COSTS INCLUDING GOVERNMENT PARTICIPATION
US$/boe 26
61,5 61,8
56,9 69,6 59,7
69,5 60
51,6
47,5 17,3 17,5 18,1 17,6
16,1
16 38,2 13,6 13,9
15,2 40
28,8
24,8 10,7 64% 11,0 65% 11,4 64% 11,5 59%10,4
8,5 9,7 10,0
7,0 7,7 59% 8,4 20
6,4
6 5,1
4,0 57%
6,0 6,1 6,3 6,1 6,6 7,2
4,3 5,4 5,4 0
3,0 3,4
2002 2003 2004 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06
-4 -20
Lifting Cost Participação Gov. Brent
Lower government participation in the quarter due to the decrease in the average reference price
of the domestic oil, linked to the international quotations.
19
21. REFINING COSTS IN BRAZIL (US$bbl)
Δ = 9% or US$ 0.23
2.71
2.48
2.03 2.07
1.90
4Q 05 1Q 06 2Q 06 3Q 06 4Q 06
9% increase in 4Q06 relative to the previous period reflecting an increase in personnel
expenses as due to Collective Work Agreement 2006/2007 and programmed stoppages
20
22. NET INCOME COMPARISON 3Q06 Vs 4Q06 AND 2006 Vs 2005
Petrobras presented the higher y-o-y growth among majors...
US$ billion 2005 2006 2006/ 2005
Petrobras* 9,74 11,92 22,3%
Chevron 14,10 17,14 21,6%
ConocoPhillips 13,53 15,55 14,9%
Exxon 36,13 39,50 9,3%
Shell 25,31 25,44 0,5%
BP 22,34 22,00 -1,5%
Média 11,2%
...however 4Q06 results were affected by the decrease in Brent price.
US$ bilhões 3Q06 4Q06 4T06/3T06
Exxon 10,49 10,25 -2,3%
Shell 5,94 5,28 -11,1%
ConocoPhillips 3,88 3,20 -17,5%
Chevron 5,02 3,77 -24,8%
Petrobras* 3,26 2,42 -25,8%
BP 6,23 2,88 -53,8%
Média -22,5%
Source: Evaluate Energy
* Petrobras results converted by the average dollar prices from their corresponding periods.
21
23. QUESTION AND ANSWER SESSION
Visit our website: www.petrobras.com.br/ri
For more information contact:
Petróleo Brasileiro S.A – PETROBRAS
Investor Relations Department
Raul Adalberto de Campos– Executive Manager
E-mail: petroinvest@petrobras.com.br
Av. República do Chile, 65 – 22o floor
20031-912 – Rio de Janeiro, RJ
(55-21) 3224-1510 / 3224-9947
22