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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Petróleo Brasileiro S.A. - Petrobras    PETR4   BRPETRACNPR6

PETRÓLEO BRASILEIRO S.A. - PETROBRAS

(PETR4)
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Petróleo Brasileiro S A Petrobras : Petrobras on Record S-10 Diesel and Asphalt Sales

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08/07/2020 | 09:39am EDT

Petrobras on Record S-10 Diesel and Asphalt Sales

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Rio de Janeiro, August 7, 2020 - Petróleo Brasileiro S.A. - Petrobras hereby announces that it achieved record sales for the S-10 Diesel in the Brazilian market. The Company sold 1.78 million m³, 12.7% higher than the previous record in July 2019, when sales reached 1.58 million m³.

The sales record for the S-10 Diesel reflects the rapid commercial actions implemented to mitigate the effects of the pandemic on fuel demand and efforts to directing the market towards a product with the lowest amount of sulfur, replacing the S-500 Diesel.

Record production of S-10 Diesel at Replan

The Paulínia refinery (Replan), located in the state of São Paulo, broke the S-10 Diesel production record for the second consecutive month. In July, the refinery reached the 350,000 m³ mark, 22% higher than the record in June, when production had reached 287,000 m³.

In addition to the record production, the refinery achieved its best monthly domestic sales for the S-10 Diesel. Of Replan's total sales, 237,000 m³ went to the regional market, while the rest was destined through pipelines to serve other states. The previous record was 213,000 m³, in October 2014. The local sales record for the S-10 Diesel reflects the efforts to direct market consumption for this product, which has the lowest amount of sulfur, in replacement of the S-500 Diesel, used only by vehicles manufactured until 2011. July 2020 was the first time in which sales for the S-10 Diesel exceeded the S-500 Diesel at Replan, representing 51.9% of the total diesel sales at the refinery.

Record asphalt sales

In July 2020, Petrobras' asphalt sales also reached a record high, totaling 227,000 tonnes, the highest monthly volume since September 2016. Asphalt sales from January to July 2020 totaled 1.16 million tons, representing the best result in the last four years for this period and a 33% growth over the first seven months of 2019.

Record production of asphalt at Replan

From January to July 2020, Replan's asphalt production reached 183.7 thousand tons, the highest amount in the last five years for this seven-month period, and up by 108% over the same period in 2019.

Asphalt production in July 2020 reached 34.4 thousand tons, 49% higher than July 2019. This was also the highest volume registered for the month of July in the last five years. The asphalt produced by Replan is CAP 30/45, one of the refinery's highest value-added products.

www.petrobras.com.br/ir

For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investor Relations email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br Av. República do Chile, 65 - 1803 - 20031-912 - Rio de Janeiro, RJ. Phone: 55 (21) 3224-1510/9947 | 0800-282-1540

This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that merely reflect the expectations of the Company's management. Such terms as "anticipate", "believe", "expect", "forecast", "intend", "plan", "project", "seek", "should", along with similar or analogous expressions, are used to identify such forward-looking statements. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.

Disclaimer

PETROBRAS - Petróleo Brasileiro SA published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 13:38:10 UTC

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Financials
Sales 2020 282 B 49 909 M 49 909 M
Net income 2020 -56 563 M -10 024 M -10 024 M
Net Debt 2020 345 B 61 216 M 61 216 M
P/E ratio 2020 -3,56x
Yield 2020 2,26%
Capitalization 257 B 45 743 M 45 542 M
EV / Sales 2020 2,14x
EV / Sales 2021 1,64x
Nbr of Employees 57 983
Free-Float 64,3%
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Mean consensus BUY
Number of Analysts 11
Average target price 31,43 BRL
Last Close Price 19,61 BRL
Spread / Highest target 101%
Spread / Average Target 60,3%
Spread / Lowest Target 19,8%
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Managers
NameTitle
Roberto da Cunha Castello Branco President, Chief Executive Officer & Director
Eduardo Bacellar Leal Ferreira Chairman
Andrea Marques De Almeida Chief Financial & Investor Relations Officer
Marcelo da Silva Carreras Head-IT & Telecommunications
Marcia Tosta Head-Cyber & Information Security
Sector and Competitors
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PETROCHINA COMPANY LIMITED-41.94%104 180
ROYAL DUTCH SHELL PLC-58.81%96 540
TOTAL SE-40.65%90 134
GAZPROM-33.33%52 055