Brazil’s Petrobras Posts Record Profit of US$ 11 Billion for First 9 Months

Petrobras Brazilian state-controlled oil multinational Petrobras's profit in the first nine months of 2008, of 26.56 billion Brazilian reais (US$ 11.63 billion), according to the organization's results disclosed this Tuesday, November 11, is the greatest registered by a Brazilian traded company in the last 21 years. according to consultancy company Economática.

Petrobras broke the record established in 2006, which was its own.

According to Einar Rivero, a director at Economática, in the list of 20 greatest profits ever obtained by listed companies, also included are those of mining company Vale do Rio Doce, which this year reached 19.2 billion reais, placing the company in third place, behind the Petrobras results for this year and 2006.

According to Rivero, the Bradesco profit, 6.01 billion reais in the first three quarters of the year, place the bank in the 14th position, and Itaú, with 5.93 billion in the period, is in the 18th position.

If the dollar values for the third quarter are considered, according to Economática, Petrobras and Vale are well positioned among the listed companies in Latin America and the United States.

Vale posted profit of US$ 6.49 billion in the third quarter, which places the company in third place, only behind Exxon Mobil and Texaco.

Petrobras comes right after, in the fourth position, with profit of US$ 5.66 billion in the period from July to September. The exchange rates used are for September 30th, when each dollar was going for 1.9143 Brazilian reais.

Anba

Tags:

Ads

You May Also Like

Brazilian women protest in the streets against Jair Bolsonaro. Photo by Rovena Rosa/ABr

Brazilian Women Find Their Voice Against Repression and the Government

The street parties of the world’s biggest Carnaval might be one of the last ...

Brazilian Congress Probe Gets Names of Who Got Money

The financial director of the SMP&B firm, Simone Vasconcelos, left Brazil’s Federal Police headquarters ...

Brazil Franchise Shows in the US Why It’s 3rd in the World

The 14th IFE – International Franchise Expo starts Friday, April 8, at the Washington ...

Brazil’s CVRD Proposes US$ 1 Billion Dividend Payoff for 2005

Brazil’s Companhia Vale do Rio Doce (CVRD) announced that its Executive Officers will submit ...

Despite Large Reserves Brazil Hasn’t Invested in Uranium Research Since 1985

Adriano Maciel Tavares, the Nuclear Industries of Brazil's (INB)superintendent of Mineral Production, stated that ...

Brazilian Jet Delivered to Dubai Comes with High-Speed Internet

Embraer, the Brazilian aircraft manufacturer based in the city of São José dos Campos, ...

Brazilian Companies Get Fre-Zone Status in the Emirates

Starting in late 2010, the emirate of Ras Al Khaimah, in the United Arab ...

The Samba and the Fado

The attachment to the Portuguese language among Brazilians is more related to the fact ...

Brazilian President Praises Sex and Pans Hypocrisy

Talking extemporaneously in Rio during the launching of two state programs, one to contain ...

Rapidinhas

Behavior All Naked   Candidate Fagotti went naked on TV Getting naked in Brazil ...