VOICED : Sube ganancia de brasilena Petrobras

VOICED : Sube ganancia de brasilena Petrobras

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Interactive Video

Business, Science, Social Studies

9th - 10th Grade

Hard

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In 2013, Petrobras saw an 11% increase in profits, reaching 23.570 billion reais, driven by better fuel prices and increased production. However, Q4 profits fell by 19% compared to 2012, though this was less than the 35% drop analysts expected. Asset sales contributed 8.5 billion reais to the company. Oil and gas production was 2% lower than the previous year due to delays in new systems and asset sales. Brazil's proven reserves rose by 1.6% to 16 billion barrels, maintaining a 100% reserve replacement rate for the 22nd consecutive year.

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3 mins • 1 pt

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