Petrobras Q1 Earnings: Revenues And Earnings Suffer Due To Low Oil Price Environment, Company Cuts Capex
Petroleo Brasileiro Petrobras (NYSE:PBR) released its Q1 2016 earnings report recently. [1] The low crude oil price environment continues to weigh significantly on the company’s upstream operations. As a result, Petrobras’ revenues and operating income have taken a massive hit in the first quarter. The following table provides an overview of the company’s earnings.
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Have more questions about Petrobras? See the links below:
- What’s Petrobras’ Revenue & Earnings Breakdown In Terms of Different Products?
- What’s Petrobras’ Fundamental Value Based On Expected 2015 Results?
- How Has Petrobras’ Revenue Composition Changed In The Last Five Years?
- What Has Led To More Than 20% Decline In Petrobras’ Revenues & EBITDA In The Last Five Years?
- By What Percentage Can Petrobras’ Revenues Grow Over the Next Five Years?
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Notes:- Financial Results, May 12, 2016, Petrobras Investor Relations [↩]