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9. Net income by operating segment
 6 Months Ended
Jun. 30, 2020
Net Income By Operating Segment  
Net income by operating segment
9. Net income by operating segment

Consolidated Statement of Income by operating segment
  Apr-Jun/2020
 

Exploration

and

Production

Refining,

Transportation

& Marketing 

Gas

&

Power 

 Corporate and other business Eliminations Total
Sales revenues 5,165 8,261 1,517 203 (5,665) 9,481
    Intersegments 4,944 150 535 36 (5,665) −
    Third parties 221 8,111 982 167 - 9,481
Cost of sales (3,505) (7,429) (610) (205) 5,685 (6,064)
Gross profit (loss) 1,660 832 907 (2) 20 3,417
Income (expenses) 149 (1,304) (654) 399 (6) (1,416)
  Selling - (695) (539) (6) (6) (1,246)
  General and administrative (56) (50) (19) (166) - (291)
  Exploration costs (65) - - - - (65)
  Research and development (41) (3) - (24) - (68)
  Other taxes (74) (47) (3) (121) - (245)
  Impairment of assets - - - - - −
  Other income and expenses 385 (509) (93) 716 - 499
Net income / (loss) before financial results and income taxes 1,809 (472) 253 397 14 2,001
  Net finance income (expenses) - - - (2,257) - (2,257)
  Results in equity-accounted investments (9) (259) 25 32 - (211)
  Profit sharing - - - - - −
Net income / (loss) before income taxes 1,800 (731) 278 (1,828) 14 (467)
  Income taxes (615) 160 (86) 577 (5) 31
Net income from continuing operations for the period 1,185 (571) 192 (1,251) 9 (436)
Attributable to:            
Shareholders of Petrobras 1,187 (566) 169 (1,216) 9 (417)
Net income from continuing operations 1,187 (566) 169 (1,216) 9 (417)
Non-controlling interests (2) (5) 23 (35) − (19)
Net income from continuing operations (2) (5) 23 (35) - (19)
  1,185 (571) 192 (1,251) 9 (436)

 

Consolidated Statement of Income by operating segment
  Jan-Jun/2020
 

Exploration

and 

Production

Refining,

Transportation

& Marketing 

Gas

& 

Power

 Corporate and other business Eliminations Total
Sales revenues 16,042 23,741 3,887 401 (17,447) 26,624
    Intersegments 15,611 452 1,288 96 (17,447) −
    Third parties 431 23,289 2,599 305 - 26,624
Cost of sales (9,412) (22,826) (1,955) (398) 18,648 (15,943)
Gross profit (loss) 6,630 915 1,932 3 1,201 10,681
Income (expenses) (13,379) (2,218) (1,327) (169) (14) (17,107)
  Selling - (1,345) (1,213) (10) (13) (2,581)
  General and administrative (103) (111) (46) (442) - (702)
  Exploration costs (169) - - - - (169)
  Research and development (103) (6) (3) (51) - (163)
  Other taxes (90) (89) (12) (172) - (363)
  Impairment of assets (13,167) (43) - (161) - (13,371)
  Other income and expenses 253 (624) (53) 667 (1) 242
Net income / (loss) before financial results and income taxes (6,749) (1,303) 605 (166) 1,187 (6,426)
  Net finance income (expenses) - - - (6,808) - (6,808)
  Results in equity-accounted investments (164) (444) 23 76 - (509)
Net income / (loss) before income taxes (6,913) (1,747) 628 (6,898) 1,187 (13,743)
  Income taxes 2,294 443 (206) 1,203 (403) 3,331
Net income from continuing operations for the period (4,619) (1,304) 422 (5,695) 784 (10,412)
Attributable to:            
Shareholders of Petrobras (4,617) (1,268) 383 (5,414) 784 (10,132)
Net income from continuing operations (4,617) (1,268) 383 (5,414) 784 (10,132)
Non-controlling interests (2) (36) 39 (281) − (280)
Net income from continuing operations (2) (36) 39 (281) - (280)
  (4,619) (1,304) 422 (5,695) 784 (10,412)

 

Consolidated Statement of Income by operating segment
  Apr-Jun/2019
 

Exploration

and

Production

Refining, 

Transportation

& Marketing

Gas 

&

Power

 Corporate and other business Eliminations Total
Sales revenues 12,660 16,673 2,575 278 (13,684) 18,502
    Intersegments 12,522 3,937 826 61 (13,684) 3,662
    Third parties 138 12,736 1,749 217 - 14,840
Cost of sales (6,825) (15,125) (1,602) (274) 13,026 (10,800)
Gross profit (loss) 5,835 1,548 973 4 (658) 7,702
Income (expenses) (566) (1,181) 4,909 (968) (11) 2,183
  Selling (1) (489) (428) (7) (10) (935)
  General and administrative (84) (92) (38) (345) - (559)
  Exploration costs (100) - - - - (100)
  Research and development (104) (3) (2) (37) - (146)
  Other taxes (8) (14) (8) (36) - (66)
  Impairment of assets 210 (237) - - - (27)
  Other income and expenses (479) (346) 5,385 (543) (1) 4,016
Net income / (loss) before financial results and income taxes 5,269 367 5,882 (964) (669) 9,885
  Net finance income (expenses) - - - (2,187) - (2,187)
  Results in equity-accounted investments 37 47 40 (4) - 120
  Profit sharing - - - - - −
Net income / (loss) before income taxes 5,306 414 5,922 (3,155) (669) 7,818
  Income taxes (1,791) (125) (1,999) 728 227 (2,960)
Net income from continuing operations for the period 3,515 289 3,923 (2,427) (442) 4,858
Net income from discontinued operations for the period - - 4 73 - 77
Net income for the period 3,515 289 3,927 (2,354) (442) 4,935
             
Net income attributable to shareholders of Petrobras 3,516 286 3,890 (2,439) (442) 4,811
Net income from continuing operations 3,516 286 3,887 (2,491) (442) 4,756
Net income from discontinued operations - - 3 52 - 55
Non-controlling interests (1) 3 37 85 − 124
Net income from continuing operations (1) 3 36 64 - 102
Net income from discontinued operations - - 1 21 - 22
  3,515 289 3,927 (2,354) (442) 4,935

 

Consolidated Statement of Income by operating segment
  Jan-Jun/2019
 

Exploration 

and 

Production 

Refining,

Transportation

& Marketing

Gas 

&

Power 

 Corporate and other business Eliminations Total
Sales revenues 24,044 32,810 5,783 639 (25,971) 37,305
    Intersegments 23,575 7,624 1,754 110 (25,971) 7,092
    Third parties 469 25,186 4,029 529 - 30,213
Cost of sales (13,629) (30,030) (3,903) (616) 25,165 (23,013)
Gross profit (loss) 10,415 2,780 1,880 23 (806) 14,292
Income (expenses) (1,126) (1,801) 4,410 (2,280) (19) (816)
  Selling (1) (953) (845) (22) (17) (1,838)
  General and administrative (154) (178) (74) (718) 1 (1,123)
  Exploration costs (274) - - - - (274)
  Research and development (198) (7) (7) (72) - (284)
  Other taxes (29) (36) (24) (70) - (159)
  Impairment of assets 283 (303) - - - (20)
  Other income and expenses (753) (324) 5,360 (1,398) (3) 2,882
Net income / (loss) before financial results and income taxes 9,289 979 6,290 (2,257) (825) 13,476
  Net finance income (expenses) - - - (4,422) - (4,422)
  Results in equity-accounted investments 73 140 44 (6) - 251
Net income / (loss) before income taxes 9,362 1,119 6,334 (6,685) (825) 9,305
  Income taxes (3,158) (333) (2,138) 1,900 280 (3,449)
Net income from continuing operations for the period 6,204 786 4,196 (4,785) (545) 5,856
Net income from discontinued operations for the period - - 8 196 - 204
Net income for the period 6,204 786 4,204 (4,589) (545) 6,060
             
Net income attributable to shareholders of Petrobras 6,206 792 4,138 (4,710) (545) 5,881
Net income from continuing operations 6,206 792 4,132 (4,850) (545) 5,735
Net income from discontinued operations - - 6 140 - 146
Non-controlling interests (2) (6) 66 121 − 179
Net income from continuing operations (2) (6) 64 65 - 121
Net income from discontinued operations - - 2 56 - 58
  6,204 786 4,204 (4,589) (545) 6,060

 

The consolidated amounts of intersegment sales (remaining after eliminations) relates to sales from the RT&M to BR, which is presented as discontinued operation within Corporate and other business.