We present program for better usage of gas in the world’s largest event of the sector

Read our statement (May, 29): Between June 1 and 5, Petrobras will take part in the 2015 World Gas Conference, the most important global event in the natural gas sector. At the 26th edition of the event, in Paris, the company will present the Gas Usage Optimization Program (POAG), including papers on the perspectives for natural gas in Brazil and neighboring countries, and technological innovations in the fertilizing sector. Company representatives will also preside over five panel discussion sessions.

We have signed a US$5 billion funding agreement with China Development Bank

Read our statement (May, 19): Yesterday, May 19, Petrobras signed a cooperation agreement with the China Development Bank (CDB) for the years 2015 and 2016. The deal encompasses funding of US$3.5 billion already disbursed, as announced on April 1, and an additional disbursement of US$1.5 billion, adding up to US$5 billion in 2015.

Oil and natural gas output up in April

Our oil and natural gas production in April 2015, in Brazil and abroad, was 2,786,000 barrels of oil equivalent per day (boed) up 0.8% on March, which was 2,764,000 boed, and up 8.8% compared to the volume produced in April 2014, which closed at 2,560,000 boed.

Petrobras records net income of R$ 5.3 billion in 1Q15

Read below the announcement made on Friday (May, 15) about our income: • Petrobras posted net income of R$ 5.3 billion in 1Q15, 1% down on 1Q14, influenced by the increase in the company’s net financial expense, especially due to the higher depreciation of the real against the U.S. dollar. • Operating income totaled R$ 13.3 billion, 76% up on 1Q14, chiefly due to the expansion in oil and gas production, higher margins from the sale of oil products and lower expenses with the government take and imports. In addition, the 1Q14 result was impacted by the provisioning for the Program to Encourage Voluntary Severance (PIDV) (R$ 2.4 billion), which did not occur in 2015.