Brazil’s Petrobras Releases Third Quarter of 2014 Results

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – After twice postponing the release of the third quarter financial results for 2014, Brazilian oil giant Petrobras released the report early Wednesday (January 28th) morning. The results show a net profit of R$3.084 billion.

These results represent a 38 percent decline from the second quarter of 2014 and a retraction of 9.9 percent in relation to the third quarter of 2013.

According to Agencia Brasil the document was approved by the state-owned oil giant’s administration council after a meeting which lasted more than seven hours . . .

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