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PBR » Topics » Petrobras reported a consolidated net income of U.S.$ 6,493 million and consolidated net operating revenues of U.S.$ 38,964 million for the first half of 2007, compared to a consolidated net income of U.S.$ 6,514 million and consolidated net operating rev

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

Petrobras reported a consolidated net income of U.S.$ 6,493 million and consolidated net operating revenues of U.S.$ 38,964 million for the first half of 2007, compared to a consolidated net income of U.S.$ 6,514 million and consolidated net operating revenues of U.S.$ 33,521 million for the first half of 2006.

Petrobras’ total capital expenditures were U.S.$ 8,867 million for the first half of 2007 (48.3% higher than the first half of 2006), of which U.S.$ 4,676 million was invested to expand future crude oil and gas production capacity in Brazil to meet the aggressive growth targets set by our Business Plan. Adjusted EBITDA amounted to U.S.$ 11,813 million, which we believe will provide us with sufficient resources to fund our investments.

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