PDVSA Revenue for 2012 Declines as It Increases Domestic Oil Sales

Resource Investing News

Bloomberg reported that Petroleos de Venezuela SA (PDVSA) reported a decrease of less than 1% in sales last year amounting to $124.4 billion as it sells more oil in its home country instead of aiming for higher export prices.

Bloomberg reported that Petroleos de Venezuela SA (PDVSA) reported a decrease of less than 1% in sales last year amounting to $124.4 billion as it sells more oil in its home country instead of aiming for higher export prices.

As quoted in the market news:

PDVSA, as the company is known, had revenue of $124.4 billion in 2012, down from $124.8 billion in 2011, Ramirez told reporters in Caracas today. The company’s net income decreased to $4.2 billion last year from $4.5 billion. PDVSA will publish 2012 financial results on March 25, said Ramirez, who is also the company’s president.

Click here to read the full Bloomberg report.

The Conversation (0)
MARKETS
COMMODITIES
CURRENCIES
×