News

We posted net income of R$10.352 billion in 1H14

Read the announcement made on Friday (Aug. 08) about our income in the first half of this year: First half 2014 gross profit was R$38.5 billion, up 2% year-on-year, mainly due to higher oil product prices. Net income was R$10.3 billion, down by 25% year-on-year, mainly due to the provision for the Voluntary Separation Incentive Plan (PIDV), lower gains from asset sales, and higher dry and non-commercial well write-offs and asset write-offs. (...)

We are the only company among the majors to record an increase in oil production in six years

Our production in the pre-salt has set a new record. We have surpassed 480,000 barrels per day there. According to the prestigious British Evaluate Energy consultancy firm, which specializes in research and studies on the oil and gas industry, we are the only oil company to attain a production increase in the past six years, compared with other majors operating in the global industry. Our oil production rose from an average of 1,918,000 barrels of oil per day (bpd), in 2007, to 2,059,000 bpd in 2013, up about 140,000 barrels per day, considering the fields operated in Brazil and abroad.

Nine platforms that will boost oil production in Brazil

We work every day to become one of the world's five largest oil producers. Last year, we reached the unprecedented mark of nine platforms delivered, which will add a million barrels per day to our production capacity. Get to know these nine platforms completed in 2013.

We set important records in March

Important records were broken in March thanks to the hard work of our teams to increase asset productivity. As a result, we attained production records in the pre-salt, in refinery throughput, in natural gas delivery, and in fertilizer production. Read the statement we released this Monday (April 07):