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This excerpt taken from the PBR 6-K filed Aug 15, 2007. Return and financial leverage indicators
www.petrobras.com.br/ri/english
This document may contain forecasts that merely reflect the expectations of the Company’s management. Such terms as “anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein. Some quantitative assumptions relating to growth of the world economy, foreign exchange rate and the prices and margins of oil and oil products have been re-evaluated, bringing them into line with the current economic scenario. This excerpt taken from the PBR 6-K filed Jul 5, 2006. Return and financial leverage indicators
The revised plan takes into account realistically international petroleum price increases. This increase has reflected in the whole production chain principally in what concerns service costs, maintenance, equipment and special operations in the oil sector, impacting lifting and refining costs of all companies. The expanding global economy has also had a direct impact in various industries that compose the supply chain of the industry. Quantitative assumptions relating to market tendencies and oil and oil products prices and margens, at the international level, were re-evaluated taking into account the higher price levels observed beginning in 2004. This excerpt taken from the PBR 6-K filed Jul 3, 2006. Return and financial leverage indicators
The revised plan takes into account realistically international petroleum price increases. This increase has reflected in the whole production chain principally in what concerns service costs, maintenance, equipment and special operations in the oil sector, impacting lifting and refining costs of all companies. The expanding global economy has also had a direct impact in various industries that compose the supply chain of the industry. Quantitative assumptions relating to market tendencies and oil and oil products prices and margens, at the international level, were re-evaluated taking into account the higher price levels observed beginning in 2004. | EXCERPTS ON THIS PAGE:
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