Petrobras reported a consolidated net income of U.S.$ 2,159 million and consolidated net operating revenues of U.S.$ 18,400 million for the first quarter of 2007, compared to a consolidated net income of U.S.$ 3,163 million and consolidated net operating for Petrobras (PBR)

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PBR » Topics » Petrobras reported a consolidated net income of U.S.$ 2,159 million and consolidated net operating revenues of U.S.$ 18,400 million for the first quarter of 2007, compared to a consolidated net income of U.S.$ 3,163 million and consolidated net operating

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

Petrobras reported a consolidated net income of U.S.$ 2,159 million and consolidated net operating revenues of U.S.$ 18,400 million for the first quarter of 2007, compared to a consolidated net income of U.S.$ 3,163 million and consolidated net operating revenues of U.S.$ 16,214 million for the first quarter of 2006.

Petrobras’ total capital expenditures was U.S.$ 3,674 million for the first quarter of 2007 (37.8% higher than the first quarter of 2006), of which U.S.$ 1,811 million was invested to expand future crude oil and gas production capacity in Brazil to meet the aggressive growth targets set by the Company and announced in its Business Plan 2007-2011. Adjusted EBITDA amounted to U.S.$ 5,004 million, ensuring sufficient resources to cover the Company’s investments.

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