PdV sheds light on its fnances

摘要

Caracas has offered a rare glimpse into the health of state-owned PdV’s fnances. The frm has remained proftable despite the sharp fall in international oil prices, energy minister and PdV chief executive Eulogio del Pino says. PdV generated a $13bn proft on consolidated global revenue of $59.18bn in the frst half of 2015. The company is well positioned operationally and fnan- cially to withstand the lower oil price environment until markets recover, del Pino says. PdV’s full-year 2014 consolidated revenue was $128.4bn, with an average oil export price of $88.42/bl.