Wilson PonPetrobas is having a Deep Financial Trouble!
June 10th 2009 15:55
The oil price always buoyed around $40 to $55 per barrel in the last quarter. Even though the oil price seems to bounce up to $60 a barrel on 12th May 2009, but it doesn’t mean that the oil price is standing still above the $60!
As one of the world’s biggest oil producer, Petrobas has reported a net revenue of $2.8 billion in the first quarter of 2009, which is $0.68 billion lesser in the same period in 2008!
The main reason why the company’s revenue has significantly dropped was caused by the 55% fall in average price of crude oil. In addition, the net revenue of Petrobas fell 9% year after year.
Although the net revenue of the company has been decreased a lot, but the Petrobas president, Sergio Gabrielli said he was quite satisfied with the current company’s performance, as they’re able to gain profit even in the global recession!
PS: Photo credits goes to economist.
As one of the world’s biggest oil producer, Petrobas has reported a net revenue of $2.8 billion in the first quarter of 2009, which is $0.68 billion lesser in the same period in 2008!
The main reason why the company’s revenue has significantly dropped was caused by the 55% fall in average price of crude oil. In addition, the net revenue of Petrobas fell 9% year after year.
Although the net revenue of the company has been decreased a lot, but the Petrobas president, Sergio Gabrielli said he was quite satisfied with the current company’s performance, as they’re able to gain profit even in the global recession!
PS: Photo credits goes to economist.
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