Tag: Petrobras profits

• Wednesday, May 13th 2015 - 08:29 UTC

  Petrobras still Latam's top company but fell to second-worst performer because of corruption losses

  

  Brazil's state oil giant Petrobras remains Latin America's top company in revenues, but has lost its position as the profit leader after posting record losses last year due to a growing corruption scandal and administrative inefficiencies, according to a new ranking of the region's 500 largest companies from digital publication Latinvex.

• Monday, October 28th 2013 - 06:41 UTC

  Lack of refining capacity and capped fuel prices hit Petrobras profits

  

  Brazil’s state-controlled oil producer Petrobras said third-quarter profit slid 40%, missing analysts’ estimates, on higher fuel imports and refining losses. Net income dropped to 3.39 billion Reais (1.55bn dollars) from 5.66 billion Reais a year earlier, the company said on Friday in a regulatory statement.