Petroleo Brasileiro Petrobras ( PBR ), the Brazil-based integrated energy company, is slated to release its June quarter financial results on 11th August 2016. We expect the oil and gas major to report better-than-expected revenue on the back of the sharp recovery in commodity prices over the last quarter. This improvement is likely to result in higher price realizations for the company, which will, in turn, strengthen its top line.
Further, the company estimates a growth of 8% in its oil production during the second quarter. This, too, will complement the E&P company's revenue as well as bottom line for the quarter.
Source: Petrobras' Meeting With Investors , 11th July 2016
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