Message from the CEO

Three major achievements marked 2010: operations getting underway at the Lula field Pilot; the raising of R$120.2 billion by means of the world's largest ever share offering; and the signing of the Transfer of Rights Agreement.

Investments in projects

Petrobras endeavors for its social, environmental, sporting, and cultural support programs to make an effective contribution to sustainable development.

In 2010, Petrobras invested some
R$ 707.9 million
in more than 1,770 social,
environmental, sports, and
cultural projects.

Global Compact

Petrobras is represented by its CEO on the International Board of the Global Compact, and it is the only company in Latin America and in the oil and gas sector to participate on this level of governance of the Compact.

Sustainability Report

The Report brings together both the company's main achievements and the challenges it faced in 2010. The information contained in this publication is part of our strategy to conduct our business operations and social responsibility activities.


Capitalization

On September 24, 2010, Petrobras
raised
R$ 120.2 billion
in the largest share offer ever to be
held in the world.
The transaction increased the
company's value sharply. On that date,
it reached
$ 223 billion
in market value and ranked second
among the world's oil and gas
companies.

Financial Analysis and Financial Statements

Consolidated net income
attributable to Petrobras
shareholders totaled
R$ 35.2 billion in 2010.
Investments totaled
R$ 76.4 billion
Proposed dividends totaled
R$ 11.7 billion
and included interest on equity of
R$ 10.2 billion

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