Petrobras (PBR) said late Friday its Q1 net profit fell 17% Y/Y to 7.69B Brazilian reais...


Petrobras (PBR) said late Friday its Q1 net profit fell 17% Y/Y to 7.69B Brazilian reais ($3.85B) from 9.21B reais in the year-ago quarter. While the results beat analyst estimates, operating costs jumped in almost every major category vs. Q1 2012; profit margins also slipped. Overall production fell 4% Y/Y "owing to natural decline in the fields and a greater number of maintenance stops."

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Comments (5)
  • ComputerBlue
    , contributor
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    Hmm..worst run oil company in the universe.
    27 Apr 2013, 10:02 AM Reply Like
  • n.litvack
    , contributor
    Comment (1) | Send Message
     
    Hmm... I do not think so. Take a look first to YPF, from Argentina.
    28 Apr 2013, 08:29 PM Reply Like
  • ComputerBlue
    , contributor
    Comments (1154) | Send Message
     
    Youre right..YPF is likely numero uno.
    29 Apr 2013, 07:40 AM Reply Like
  • BiotechHSV
    , contributor
    Comments (28) | Send Message
     
    Who would've thought that a state-run industry would operate inefficiently. Still, this is headed north.
    27 Apr 2013, 10:51 AM Reply Like
  • lazycat888
    , contributor
    Comment (1) | Send Message
     
    import more oil so Gorverment will get more money from PBR. Not good
    28 Apr 2013, 08:29 PM Reply Like
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