Petrobras has reported net earnings of $10.05 billion in 2013. The bottom line was 11% higher than in 2012.
According to a statement released on Wednesday (Feb. 25), the improvement resulted from a diesel (20%) and gasoline (11%) price hike, coupled with an output growth in by-products, cost reductions, and gains from asset sales.
In addition, five new platforms started operations in 2013, and the pre-salt hit a record daily output of 371,000 barrels per day (bpd) in December 24. In total, the country’s proven reserves amounted to 16 billion barrels of oil equivalent, 1.6% more than in 2012.
Other contributions to the 2013 results cited by the state-owned oil giant were the Divestment Program (PRODESIN) with nearly $3.64 billion and the $2.82 billion in savings with operational costs optimization – well above the annual target of about $1.67 billion.
On the negative side, the company reported 2.4 million barrels of oil and natural gas were produced per day, 2% down from 2012.
Translated by Mayra Borges
Fonte: Petrobras reports profits of $10 bn in 2013
