| Business Summary | | Petroleo
Brasileiro
(Petrobras)
is
a
Brazilian
integrated
corporation
whose
business
involves
the
exploration,
production,
refining,
retailing
and
transportation
of
oil
and
its
byproducts
at
home
and
abroad.
The
Company's
business
also
includes
natural
gas
and
fertilizers,
oil
byproduct
distribution
and
petrochemicals.
The
Petrobras
System
includes
five
subsidiaries:
Petrobras
Química
S.A,
in
the
petrochemical
industry;
Petrobras
Distribuidora
S.A.,
oil
byproduct
distribution;
Petrobras
Internacional
S.A.,
in
exploration
and
production,
providing
technical
and
management
services
overseas;
and
Petrobras
Transporte
S.A.,
incorporated
to
run
the
Company's
offshore
transportation.
In
addition,
Petrobras
has
the
support
of
its
Research
Center,
Cenpes,
which
possesses
one
of
the
most
advanced
technologies
in
the
world,
and
serves
a
number
of
Petrobras
segments.
It
also
serves
the
Engineering
Service,
responsible
through
its
works
for
putting
Petrobras
projects
into
practice. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PBR
engages
in
the
exploration
for
oil
and
gas
and
in
the
production,
refining,
purchasing
and
transportation
of
oil
and
gas
products.
For
the
three
months
ended
3/31/01,
net
revenues
increased
13%
to
$6.55
billion.
Net
income
increased
8%
to
$920
million.
Net
revenues
reflect
increased
production
volumes.
Net
income
was
partially
offset
by
a
loss
on
monetary
and
exchange
variation
on
monetary
assets
and
liabilities
vs.
an
income. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Joel Mendes Renno | Pres
and Advisor |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|