Financial Analysis and Financial Statments

Sales Volume

The volume of sales on the domestic market was 5% higher than in 2007, with an emphasis on diesel, gasoline, aviation kerosene and natural gas. Emphasis on 26% increase in the sales of natural gas results from the sales of non-thermal and the 150% increase in the sales to the thermal market.

SHAREHOLDERS’ REMUNERATION

The Board of Directors of Petrobras, based on statutory provisions, is proposing to the General Shareholders’ Meeting to be held on April 8, 2009, the distribution of a dividend related to 2008 in the amount of R$9.915 milhões corresponding to 29.4% of the basic profit for purposes of a dividend.

Balance sheets

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Click here to access Petrobras´ S.A 2008 balance sheets

Indebtedness

The net indebtedness of the Petrobras System increased 83% in relation to 2007, as a result of the depreciation of the Real in the year, as well as raising of funds on the domestic and foreign markets, associated with the use of funds in an intensive investment program.

RELATED SUBJECTS

• Profitability
• Profit
• Assets
• Sales
• Business
• Performance
• Net Assets
• Dividends
• Investments
• Return
• Shareholders
• Result
• Circulating
• Capital

• Financial analysis
  • Economic and financial summary
  • Results by business segment
  • Consolidated result
  • Effects of adoption of law 11.638/07 and provisional measure 449/08
  • Result per company
  • Sales volume
  • Inventories
  • Indebtedness
  • Return on capital expenditure (roce) and return on equity (roe)
  • Shareholders’ equity, distribution of results and dividends
• Financial Statements
  • Independent auditors’ report
  • Balance sheets
  • Statements of income
  • Statements of changes in shareholders’ equity
  • Statements of cash flows
  • Statement of added value
  • Statement of business segmentation
  • Social balance
  • Notes to the financial statements
  • Information about reserves
  • Report of fiscal council
• Annexes
  • Editorial staff