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Petrobras - Petroleo Brasileiro's (PBR) Management on Q2 2018 Results - Earnings Call Transcript

Aug. 04, 2018 2:53 AM ETPetróleo Brasileiro S.A. - Petrobras (PBR)
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Petrobras - Petroleo Brasileiro S.A. (NYSE:PBR) Q2 2018 Earnings Conference Call August 3, 2018 1:00 PM ET


Isabela Carneiro da Rocha – Executive Manager-Investor Relations

Rafael Salvador Grisolia – Chief Financial Officer and Investor Relations Officer

Jorge Celestino – Chief Refining and Natural Gas Officer

Solange da Silva Guedes – Chief Exploration and Production Officer

Hugo Repsold – Chief Technology and Production Development Officer


Bruno Montanari – Morgan Stanley

Regis Cardoso – Crédit Suisse

Chris Ainsley – Banco Santander

Luiz Carvalho – UBS

Pedro Medeiros – Citibank

Vicente Falanga – Bradesco BBI

Vinicius Tsubone – HSBC

Paul Cheng – Barclays


Good day, ladies and gentlemen. Welcome to Petrobras Conference Call with Analysts and Investors for the Presentation of the Second Quarter of 2018 Results. We would like to inform you that participants will be in listen-only mode during the conference call, during the presentation which we will conducted in Portuguese with simultaneous translation into English. Following the presentation, a Q&A session will begin in Portuguese and in English in which time instructions on how to participate will be provided. [Operator Instructions]

Today with us we have Mr. Rafael Salvador Grisolia, Petrobras' CFO and Investor Relations Officer; Ms. Solange da Silva Guedes, Chief Exploration and Production Officer; Mr. Jorge Celestino Ramos, Chief Refining and Natural Gas Officer; Mr. Nelson Luiz Costa Silva, Chief Strategy and Performance Officer; Mr. Hugo Repsold, Jr., Chief Technology and Production Development Officer; Mr. Rafael Mendes Gomes, Chief Governance and Compliance Officer; Mr. Eberaldo de Almeida, Chief Human Resources and Services Officer, as well as other company executives.

We would like to remind you that this meeting is being recorded, and please be mindful of Slide number 2, which contains a notice to shareholders and investors. The words believe, expects and similar ones related to projections and targets

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