US$ 20 billion = Petrobras record net profit in 2010

Petrobras, Latin America's biggest company, announced it raked in a record net profit last year of US$ 20 billion. That figure for 2010 was 17% higher than its profit for 2009 company, executives told a news conference in Rio de Janeiro. Sales in the last quarter of 2010 were 24% higher than those in the corresponding three months of 2009. The company produced 2.58 million barrels of oil equivalent (oil and associated gas) per day, a 2% increase over 2009's daily average.