Dear Mr/Mrs Ramin Farzanehfar,
Rio de Janeiro, May 15th, 2012 – Petróleo Brasileiro S.A.
- Petrobras discloses its consolidated results for the first quarter 2012, in reais and in U.S.
dollars, according to international financial reporting standards (IFRS).
Highlights
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R$ million
|
|
|
|
|
For the first quarter of
|
|
4Q-2011
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1Q12 x
4Q11
(%)
|
|
2012
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2011
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2012 x
2011
(%)
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5,049
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82
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Consolidated net income attributable to the shareholders of Petrobras
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9,214
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10,985
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(16)
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2,670
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Total domestic and international oil and natural gas production (mbbl/dia)
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2,676
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2,629
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2
|
|
14,054
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18
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EBITDA
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16,521
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15,855
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4
|
- Our total domestic and international oil and natural gas production increased 2% in the first quarter of 2012 compared to the first quarter of 2011, due mainly to production in the Jubarte, Marlim Sul, Caratinga, Albacora, Mexilhão and Uruguá fields, as well as to the pre-salt contribution of the Lula field.
- Start-up of production of the Cascade deep water field situated in the Gulf of Mexico.
- Discoveries in the pre-salt layer of the Santos Basin, specially in the Carioca Sela and Carcará and the one of Campos Basin called Pão de Açúcar.
In addition, a new accumulation of oil and gas was discovered in the Solimões Basin situated in the Brazilian state of Amazonas.
- A 3% increase in the production of oil products in the first quarter of 2012 compared to the first quarter of 2011.
- Capital expenditures and investments in the first quarter of 2012 amounted to R$18,020 million, 14% higher compared to the first quarter of 2011, 52% of which was invested in Exploration & Production.
- Raising of funds of U.S.$7,2 billion of bonds in the international capital markets with maturities of three, five, ten and thirty years.
- Payment of R$2,609 million of interest on shareholders’ equity in the first quarter of 2012, which corresponds to R$0.20 per share.
On March 19, 2012, our shareholders approved in the annual general shareholders’ meeting the payment of dividends in the amount of R$1,565 million.
The first portion of interest on shareholders’ equity was provisioned in the amount of R$2,609 million on March 31, 2012, corresponding to R$0.20 per share, estimated to be paid to
our shareholders by June 30, 2012.
Click here to read the full Reports.
Sincerely,
Investor Relations.
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www.petrobras.com.br/ri/english
Contacts: PETRÓLEO BRASILEIRO S.
A.
- PETROBRAS
Investor Relations Department I E-mail: /
Av.
República do Chile, 65 – 22nd floor - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947
This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that 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 forward-looking statements.
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.
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