People · Petrobras officers
President of Petrobras between 2015 and 2016. Signed the shareholder letter in the 2014 financial statements, released in April 2015.
Being in this archive does not mean having committed any wrongdoing. Procedural status: see each case and episode, with date.
Petrobras stated that the difference between the fair value and the book value of its assets was significantly greater than any reasonable estimate of improper payments and that this difference does not originate primarily from improper payments, but from other sources, such as the measurement method and changes in the business context (exchange rate, discount rate, prices, and margins).
Source: Petrobras — Form 6-K: resultados do 4T14 e do exercício de 2014 (em reais), com nota sobre a Operação Lava Jato — Petróleo Brasileiro S.A. — Petrobras (SEC), Apr. 22, 2015 · Note on the Lava Jato Operation – Background · open original ↗
In addition, changes in Petrobras’ business context, including the decline in oil prices, the appreciation of the U.S. Dollar and the need to reduce our level of indebtedness, have prompted a review of the Company´s future prospects and ultimately led to the reduction […]Aldemir Bendine · April 22, 2015 · Note/letter · Petrobras's 2014 results release (Form 6-K filed with the SEC)
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