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Petrobras profits plunge 89% in 2Q; underperforming assets dumped

Saturday, August 8th 2015 - 10:42 UTC
Full article 25 comments

Brazilian state-led oil company Petrobras said its second-quarter net income plunged 89% after a one-time charge for underperforming assets that caught analysts off guard. The 1.28-billion-real charge was taken as Petrobras' new executives and board of directors try to control the company's $132 billion debt, the oil-industry's largest, by preparing up to $15bn of assets for sale by the end of 2016. Read full article

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  • Captain Poppy

    The party is over........now the hangover.

    Aug 08th, 2015 - 03:07 pm - Link - Report abuse 0
  • Brasileiro

    http://tijolaco.com.br/blog/?p=28753

    If you can translate, you get to understand a little more of the world.

    Aug 08th, 2015 - 03:19 pm - Link - Report abuse 0
  • Troy Tempest

    2 Brasso

    Can't you 'interpret' for us as usual..?

    Dilma at 8% popularity - gone.....

    Aug 08th, 2015 - 03:22 pm - Link - Report abuse 0
  • Brasileiro

    So what. We have a long time to regain popularity. We will only have elections in the fourth quarter 2018.

    https://www.youtube.com/watch?v=lYdkoaU8gMg&list=LLmXPTu1f8AdGlizWNiASx2A

    Aug 08th, 2015 - 03:25 pm - Link - Report abuse 0
  • yankeeboy

    Ive said it before pbr will not make it as a private company.
    It will go bankrupt once the Class actions get going.
    Watch and see

    Aug 08th, 2015 - 04:23 pm - Link - Report abuse 0
  • Troy Tempest

    @4 Brassiero

    “So what. We have a long time to regain popularity. We will only have elections in the fourth quarter 2018”

    “We”...??

    That tells us you do NOT represent the PEOPLE of Brazil - you only represent Dilma and her interest group!!

    What a lying fraud you are!!!

    LOL, you and Marcos are vying for “Stupidest Troll”!!

    Aug 08th, 2015 - 06:09 pm - Link - Report abuse 0
  • Briton

    I think brazil should sell it to Argentina,

    is this not what friends do.. lol

    Aug 08th, 2015 - 07:17 pm - Link - Report abuse 0
  • ChrisR

    “Most board members have been appointed by the government but they all serve the market now,” Bacelar said. “As a defender of Petrobras' social mission, I'm all alone.”

    There we have the problem! Petrobras has always been run as a “social mission” namely The Chief Crook LULA, DumbAss Dilma and everybody in PT management section.

    And this arsehole is complaining because he is the only one. The question is of course WTF is he there at all?

    Aug 08th, 2015 - 07:41 pm - Link - Report abuse 0
  • yankeeboy

    http://www.telegraph.co.uk/news/worldnews/southamerica/brazil/11791572/Brazilian-anti-corruption-radio-DJ-shot-dead-live-on-air.html

    The must be getting really close to Lula/Dilma

    Aug 08th, 2015 - 10:08 pm - Link - Report abuse 0
  • Jack Bauer

    @2 brASSHOLE
    No need to translate anything. The “Tijolaço” is a commie rag , the Chief Editor of which is a communist called Fernando Britto, who has his head up Lula's ass..

    But for the sake of the other readers, the asshole's link says Petrobras just established a new record in their oil production, 800 thousand bpd....as if that should obfuscate the fact that profits have plummeted, or the corruption scandal that has seriously crippled the company.
    Now, some good news : the “Lava-Jato” is closing in on Lula.....rumours say that the Federal Police have discovered a bank account of his in Portugal, with millions of dollars...
    No matter what happens, brASSHOLE will always support Lula...even after the scumbag is dead.

    Aug 08th, 2015 - 11:00 pm - Link - Report abuse 0
  • ChrisR

    @ 9 yankeeboy

    North of Brazil: LULA country, shame it happened but no surprise.

    Aug 09th, 2015 - 12:20 pm - Link - Report abuse 0
  • Jack Bauer

    @9 yb, @11 ChrisR
    It's not the first time the PT, acting under the orders of the “capo's”, have eliminated people who threaten them......the most notorious was the assassination of Celso Daniel, mayor of Santo André (industrial town just outside of São Paulo and a traditional PT stronghold), about 10 years ago, when he denounced a corruption scheme (inside the Municipal bus service and the garbage collection), involving Palocci (Lula's first Finance Minister ) who later resigned on account of this and other scandals. As expected, the hit men were condemned, but those who ordered the killing were never indicted. All made possible by Lula's political influence.

    Aug 09th, 2015 - 06:15 pm - Link - Report abuse 0
  • Terence Hill

    Re:Brazil reports its worst half year primary deficit since 1997
    66 Jack Bauer
    What convoluted nonsense, you made a claim and couldn't back it up period, end of story. Then to finish your diatribe you attempt to wriggle out of a previous fallacy, by creating a False dilemma (false dichotomy), the either-or fallacy. Not to swift are you? just keep digging your self in further.
    http://www.logicallyfallacious.com/index.php/logical-fallacies/94-false-dilemma

    Aug 11th, 2015 - 01:24 am - Link - Report abuse 0
  • yankeeboy

    13. What's your role here?
    Debate police?
    I told you before nobody is debating here

    Aug 11th, 2015 - 01:55 am - Link - Report abuse 0
  • Terence Hill

    14 yankeeboy
    Who are you the troll that lives under the bridge? Since the post was specifically addressed to someone other than you, nobody was pulling your chain.

    Aug 11th, 2015 - 03:01 am - Link - Report abuse 0
  • Jack Bauer

    @13 Terence
    Never read so much trash on MP....Why don't you see a shrink ? the sum of the stupidity of all the Argy trolls, plus the brasshole's, is small when compared to yours.....get lost you haughty little man. Or keep us laughing....at you.

    Aug 11th, 2015 - 07:31 pm - Link - Report abuse 0
  • Terence Hill

    16 Jack Bauer
    Thanks again for your confirmation of the accuracy of my post, by your failure to offer any rebuttal. So wiggle all you want, you remain exposed as the King of the Fallacies. You can't make an argument , yet alone win one, loser.

    Aug 11th, 2015 - 08:52 pm - Link - Report abuse 0
  • Jack Bauer

    17 Terence
    I've confirmed nothing, except that you are an supercilious idiot. You know what you can do with your 'proof', your 'rules' and all the rest of your bs ? Wiggle a bit and see if it fits...provided your big head isn't already occupying all of your anal cavity.

    Aug 11th, 2015 - 09:26 pm - Link - Report abuse 0
  • Terence Hill

    18 Jack Bauer
    Jeez I forgot you and logic are an oxymoron. Never less, “silence gives consent” SOMA'S DICTIONARY OF LATIN QUOTATIONS MAXIMS AND PHRASES; A Compendium Of Latin Thought And Rhetorical Instruments...
    Wise men talk because they have something to say, fools talk because they have to say something. - Plato
    You've got your head so far up your ass you can chew your food twice.
    I don't know what makes you so dumb but it really works

    Aug 11th, 2015 - 10:58 pm - Link - Report abuse 0
  • Jack Bauer

    @19
    You can stick you quotations where the sun don't shine.
    Reply if you want to, but I have no more time to waste on assholes.

    Aug 12th, 2015 - 12:22 am - Link - Report abuse 0
  • Terence Hill

    20 Jack Bauer
    I'm just the messenger, frequently emulated but seldom surpassed. Like I said previously, you can't make an argument, yet alone win one, loser.

    Aug 12th, 2015 - 01:24 am - Link - Report abuse 0
  • yankeeboy

    Voice argues the same way.
    Surprise
    Surprise.

    I think Terry goes on the Sistah list.

    Aug 12th, 2015 - 02:02 pm - Link - Report abuse 0
  • Jack Bauer

    @22yb
    Terry has no substance....no thoughts of his 'own'.

    Aug 12th, 2015 - 06:30 pm - Link - Report abuse 0
  • Terence Hill

    22 yankeeboy
    The only Sistahs is your reactionary group of little bitches who can't stand on their own two feet. Like I said, frequently emulated but seldom surpassed. Incidentally, I've pounded this person Voice, Vestige, Think, et al in his many personas, while you trembled impotently on the side lines.
    23 Jack Bauer
    I apparently have enough substance to thoroughly trounce you.

    Aug 12th, 2015 - 08:02 pm - Link - Report abuse 0
  • Jack Bauer

    @24 Terrence
    Whatta 'macho-man' ! keep on dreaming , sourpuss !

    Aug 12th, 2015 - 09:27 pm - Link - Report abuse 0

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