Brazil's Watchdog Asks Petrobras To Restate Financial Reports From 2013-15
SAO PAULO, March 8 (Reuters) - Brazil's stock market regulator CVM has asked state controlled oil company Petroleo Brasileiro SA to restate its annual financial statements for 2013, 2014 and 2015 to include the impact of currency rate hedges.
In a securities filing late on Tuesday, Petrobras said the CVM also requested the restatement of financial results from the second and third quarters of 2013, and to the years of 2014, 2015 and 2016 to account for impairments related to certain hedging transactions.
Petrobras said it can appeal against the request which is preliminary and could still be overturned by a CVM panel.
(Reporting by Ana Mano; Editing by Greg Mahlich)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds
- Texas May Face Another Hurricane Soon
- Chevron CEO Warns of High Energy Prices
- Warwick Buys $450MM of Texas Shale Assets
- Dragon LNG Deploys New Drug Testing Tech
- Halliburton Selected for Offshore Israel Campaign
- Oil Steady In Wake of Hurricane Nicholas
- Aker Solutions Wins Large ConocoPhillips Deal
- TRC Makes It a Little Harder for Wells to Flare Gas
- SBM Offshore Completes $1.6B FPSO Sepetiba Financing
- Oil Glut That Covid Built All But Gone
- Texas May Face Another Hurricane Soon
- Chevron CEO Warns of High Energy Prices
- How Much Gulf of Mexico Production is Still Offline?
- Venezuela Heavy Oil Project Reserves Will be Left Stranded
- USA Rig Count Almost Doubles
- Warwick Buys $450MM of Texas Shale Assets
- Dragon LNG Deploys New Drug Testing Tech
- Halliburton Selected for Offshore Israel Campaign
- Oil Steady In Wake of Hurricane Nicholas
- Aker Solutions Wins Large ConocoPhillips Deal
- USA EIA Releases New Oil Price Forecast
- Texas May Face Another Hurricane Soon
- Chevron CEO Warns of High Energy Prices
- Chuck Norris Hands Over World's Toughest Job to Aker
- How Much Gulf of Mexico Production is Still Offline?
- Venezuela Heavy Oil Project Reserves Will be Left Stranded
- Ida Impact on Gulf of Mexico Continues
- Oil Up for Third Week as USA Refinery Restarts Outpace Production
- Exxon Makes 20th Starboek Discovery. Liza Unity FPSO Delivered.
- Oil Company Duo Joins Horizont Energi's Blue Amonia Project