Petroleo Brasileiro Sa — Brazilian Petroleum — Q3 2007 Earnings Presentation

4 slides from Petroleo Brasileiro Sa's earnings presentation, Nov 21, 2007

Slide 1: Net Income and Consolidated Economic Indicators
• Petrobras posted a 3Q-2007 consolidated net income of R$ 5,528 million, 22% down year-on-year due to the foreign exchange losses variation on net dollar-denominated assets, reflecting the appreciation of the Real against the US dollar, lower provisions for interest on equity and expenses arising f
Slide 2: Corporate overhead year-to-date
In comparison with the same period in 2006, year-to-date corporate overhead climbed by 29%. If we exclude the impact of the appreciation of the Real, overhead rose by 18%. This increase reflected the growth in the Company’s activities, reflected in higher personnel costs, due to the bigger workforce
Slide 3: Sales Volume and Result by Business Area
In the third quarter, corporate overhead grew by 17% over the 2Q-2007, primarily due to higher expenses from personnel and materials, as well as the impact of the 3Q-2007 appreciation of the Real. Sales Volume – thousand barrels/day Domestic sales volume in the first nine months moved up 3% year-on-
Slide 4: Consolidated Investments
Consolidated Investments In compliance with the goals outlined in its strategic plan, Petrobras continues to prioritize investments in the expansion of its oil and natural gas production capacity by investing its own funds or by structuring ventures with strategic partners. On September 30, 2007, to