Wednesday, May 18, 2011

Petr�leo Brasileiro Management Discusses Q1 2011 Results - Earnings Call Transcript

Petr�leo Brasileiro S.A. ? Petrobras (PBR)

Q1 2011 Earnings Call

May 17, 2011 10:30 am ET

Executives

Theodore Helms ? Executive Manager, IR

Almir Guilherme Barbassa ? CFO

Analysts

Frank McGann ? Back of America Merrill Lynch

Emerson Leite ? Credit Suisse

Paul Cheng ? Barclays Capital

Denis Parisien ? Deutsche Bank

Marcus Sequeira ? Deutsche Bank

Allen Good ? Morningstar

Gustavo Gataz [ph] ? PKJ

Fernando Valley [ph] ? Citibank

Presentation

Operator

Ladies and gentlemen, thank you for standing by and welcome to the Petrobras conference call to discuss the First Quarter 2011 results. Later, there will be a question and answer session, and instructions will be given at that time. (Operator instructions) Today with us, we have Mr. Almir Guilherme Barbassa, Petrobras CFO and Investor Relations Officer and his staff. At this time, I would like to turn the conference over to Mr. Theodore Helms, Investor Relations Executive


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