PBR » Topics » NET INCOME BY BUSINESS SEGMENT

This excerpt taken from the PBR 6-K filed Sep 9, 2009.

NET INCOME BY BUSINESS SEGMENT

    For the first half of 
    2009    2008 
             (U.S.$ million)
Exploration and Production    3,597    12,514 
Supply    4,523    (449)
Gas and Energy    234    (71)
International    (344)   147 
Distribution    252    351 
Corporate    (1,350)   (931)
Eliminations    (285)   (845)
     
Net income attributable to Petrobras    6,627    10,716 
     

This excerpt taken from the PBR 6-K filed Jun 1, 2009.

NET INCOME BY BUSINESS SEGMENT

    For the three-month periods 
    ended March 31, 
    2009    2008 
    (U.S.$ million)
Exploration and Production    1,063    5,450 
Supply    1,912    (396)
Gas and Energy    (26)   (250)
International    (166)   44 
Distribution    95    180 
Corporate    (472)   (260)
Eliminations    230    (267)
     
Net income    2,636    4,501 
     


This excerpt taken from the PBR 20-F filed May 22, 2009.
Net Income by Business Segment
 
     We measure performance at the segment level on the basis of net income. Following is a discussion of the net income of our six business segments at December 31, 2007, compared to December 31, 2006.
 
                 
    Year Ended December 31,  
    2007     2006  
    (U.S.$ million)  
 
Exploration and Production
    14,072       11,942  
Supply
    2,785       2,533  
Distribution
    446       298  
Gas and Energy
    (834 )     (505 )
International
    (815 )     123  
Corporate
    (1,796 )     (1,436 )
Eliminations
    (720 )     (129 )
                 
Net income
    13,138       12,826  
                 
 
This excerpt taken from the PBR 6-K filed Mar 30, 2009.

NET INCOME BY BUSINESS SEGMENT

    Year ended December 31, 
       
         
    2008    2007 
     
    (U.S.$ million)
Exploration and Production    21,031    14,072 
Supply    (1,996)   2,785 
Gas and Energy    (223)   (834)
International    (808)   (815)
Distribution    839    446 
Corporate    (57)   (1,796)
Eliminations    93    (720)
     
Net income    18,879    13,138 
     
     


This excerpt taken from the PBR 6-K filed Nov 28, 2008.

NET INCOME BY BUSINESS SEGMENT

    For the nine-month periods 
    ended September 30, 
       
         
    2008    2007 
     
    (U.S.$ million)
Exploration and Production    19,089    9,632 
Supply    (1,664)   2,565 
Gas and Energy    (197)   (502)
International    175    (41)
Distribution    571    346 
Corporate    (584)   (1,254)
Eliminations    (677)   (420)
     
Net income    16,713    10,326 
     

This excerpt taken from the PBR 6-K filed Sep 4, 2008.

NET INCOME BY BUSINESS SEGMENT

    U.S.$ million 
 
    For the first half of 
         
    2008    2007 
Exploration and Production    12,514    5,689 
Supply    (449)   2,001 
Gas and Energy    (71)   (214)
International    147    (21)
Distribution    351    203 
Corporate    (931)   (932)
Eliminations    (845)   (233)
     
Net income    10,716    6,493 
     

This excerpt taken from the PBR 6-K filed May 22, 2008.

NET INCOME BY BUSINESS SEGMENT

    U.S.$ million 
         
    For the first quarter of
         
         
    2008    2007 
Exploration and Production    5,450    2,411 
Supply    (396)   935 
Gas and Energy    (250)   (145)
International    44    (137)
Distribution    180    96 
Corporate    (260)   (950)
Eliminations    (267)   (51)
     
Net income    4,501    2,159 
     

This excerpt taken from the PBR 6-K filed Nov 29, 2007.

NET INCOME BY BUSINESS SEGMENT

    U.S.$ million 
    For the nine-month period 
    ended September 30, 
   
 
 
    2007    2006 
Exploration and Production    9,632    9,593 
Supply    2,565    2,009 
Gas and Energy    (502)   (371)
International    (41)   244 
Distribution    346    224 
Corporate    (1,254)   (1,279)
Eliminations    (420)   (380)
     
Net income    10,326    10,040 
     
     

In order to maintain comparability between the periods, we are presenting the previous statements in accordance with the new criteria above.

This excerpt taken from the PBR 6-K filed Sep 6, 2007.

NET INCOME BY BUSINESS SEGMENT

    U.S.$ million 
    For the first half of 
 
 
    2007    2006 
Exploration and Production    5,689    6,388 
Supply    2,001    1,635 
Gas and Energy    (214)   (136)
International    (21)   210 
Distribution    203    147 
Corporate    (932)   (1,224)
Eliminations    (233)   (506)
     
Net income    6,493    6,514 
     

This excerpt taken from the PBR 6-K filed Jun 13, 2007.

NET INCOME BY BUSINESS SEGMENT


    U.S.$ million 
         
    For the first quarter of
         
         
    2007    2006 
Exploration and Production    2,416    3,361 
Supply    937    781 
Gas and Energy    (144)   (45)
International    (137)   82 
Distribution    96    75 
Corporate    (958)   (936)
Eliminations    (51)   (155)
       
Net income    2,159    3,163 
       

This excerpt taken from the PBR 6-K filed Apr 10, 2007.

NET INCOME BY BUSINESS SEGMENT

    U.S.$ million 
         
    Year ended December 31, 
         
         
    2006    2005 
Exploration and Production    11,958    9,469 
Supply    2,540    2,245 
Gas and Energy    (502)   (342)
International    123    526 
Distribution    298    311 
Corporate    (1,461)   (1,390)
Eliminations    (130)   (475)
       
Net income    12,826    10,344 
       

This excerpt taken from the PBR 6-K filed Nov 28, 2006.

NET INCOME BY BUSINESS SEGMENT

    U.S.$ million 
    For the nine-month period 
    ended September 30, 
 
    2006    2005 
Exploration and Production    9,603    7,312 
Supply    2,017    1,528 
Gas and Energy    (371)   (168)
International    244    413 
Distribution    225    214 
Corporate    (1,299)   (1,545)
Eliminations    (379)   (933)
     
Net income    10,040    6,821 
     

15


This excerpt taken from the PBR 6-K filed Sep 6, 2006.

NET INCOME BY BUSINESS SEGMENT

    U.S.$ million 
For the first half of
 
   
 
    2006    2005 
Exploration and Production    6,395    4,107 
Supply    1,640    1,367 
Gas and Energy    (134)   (98)
International    210    320 
Distribution    147    95 
Corporate    (1,238)   (959)
Eliminations    (506)   (667)
     
Net income    6,514    4,165 
     


This excerpt taken from the PBR 6-K filed Jun 28, 2006.

NET INCOME BY BUSINESS SEGMENT

    U.S.$ million 
For the first quarter of
 
   
 
    2006    2005 
Exploration and Production    3,361    1,996 
Supply    781    558 
Gas and Energy    (45)   (87)
International    82    230 
Distribution    75    72 
Corporate    (936)   (612)
Eliminations    (155)   (111)
     
Net income    3,163    2,046 
     

13


This excerpt taken from the PBR 6-K filed Nov 23, 2005.

NET INCOME BY BUSINESS SEGMENT

    U.S. $ million 
    For the nine-month period 
    ended September 30, 
   
 
    2005    2004 
     
Exploration and Production (1)   7,458    4,402 
Supply (1) (2)   1,670    649 
Gas and Energy    (201)   (177)
International (2)   225    142 
Distribution    188    103 
Corporate    (1,577)   (536)
Eliminations    (942)   (100)
     
Net income    6,821    4,483 
     
     

(1)      Beginning in 2005, revenues from the sale of oil to third parties are classified in accordance with the points of sale, which are either the Exploration & Production or Supply segments. Before 2005, revenues from the sale of oil were solely allocated to Exploration & Production. The change in classification generated no significant impact on the results reported for these segments. Segment information has not been restated, as it is impractical to gather and collect data for prior periods as to points of sale.
(2)      Net operating revenues and cost of sales with respect to periods prior to the third quarter of 2004 were reclassified from the International segment to the Supply segment in relation to certain offshore operations. There was no significant impact on the results reported for these segments.
 
This excerpt taken from the PBR 6-K filed Aug 25, 2005.

NET INCOME BY BUSINESS SEGMENT

    U.S. $ million 
    For the first half of 
 
    2005    2004 
Exploration and Production (1)   4,103    2,450 
Supply (1) (2)   1,402    546 
Gas and Energy    (126)   (135)
International (2)   184    133 
Distribution    70    76 
Corporate    (729)   (458)
Eliminations    (739)   32 
     
Net income    4,165    2,644 
     

(1)      Beginning in 2005, revenues from the sale of oil to third parties are classified in accordance with the points of sale, which are either the Exploration & Production or Supply segments. Before 2005, revenues from the sale of oil were solely allocated to Exploration & Production. The change in classification generated no significant impact on the results reported for these segments. Segment information has not been restated, as it is impractical to gather and collect data for prior periods as to points of sale.
(2)      Net operating revenues and cost of sales with respect to periods prior to the third quarter of 2004 were reclassified from the International segment to the Supply segment in relation to certain offshore operations. There was no significant impact on the results reported for these segments.
 
This excerpt taken from the PBR 6-K filed Jun 13, 2005.

NET INCOME BY BUSINESS SEGMENT

 

     U.S. $ million

 
     For the first
quarter of


 
     2005

    2004

 

Exploration and Production (1)

   1,804     1,175  

Supply (1) (2)

   590     399  

Gas and Energy

   75     (86 )

International (2)

   122     35  

Distribution

   59     38  

Corporate

   (455 )   (304 )

Eliminations

   (149 )   80  
    

 

Net income

   2,046     1,337  
    

 

 

(1) Beginning in 2005, revenues from the sale of oil to third parties are classified in accordance with the points of sale, which are either the Exploration & Production or Supply segments. Before 2005, revenues from the sale of oil were solely allocated to Exploration & Production. The change in classification generated no significant impact on the results reported for these segments. Segment information has not been restated, as it is impractical to gather and collect data for prior periods as to points of sale.

 

(2) Net operating revenues and cost of sales with respect to periods prior to the third quarter of 2004 were reclassified from the International segment to the Supply segment in relation to certain offshore operations. There was no significant impact on the results reported for these segments.

 

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Table of Contents
This excerpt taken from the PBR 6-K filed Jun 8, 2005.

NET INCOME BY BUSINESS SEGMENT

 

     U.S. $ million
Year ended
December 31,


 
     2004

    2003

 

Exploration and Production

   5,961     5,504  

Supply (1)

   854     1,743  

Gas and Energy

   154     (196 )

International (1) (2)

   243     96  

Distribution

   200     138  

Corporate

   (1,055 )   (496 )

Eliminations

   (167 )   (230 )
    

 

Net income

   6,190     6,559  
    

 

 

(1) Net operating revenues and the cost of sales with respect to 2003 were reclassified from the International segment to the Supply segment in relation to certain offshore operations. There was no significant impact on the results reported for these segments.

 

(2) Since June 1, 2003, the international business segment includes the Argentine operations of PEPSA and PELSA (both acquired in May 2003).

 

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