Q4/14 vs Q4/13
- Clean CCS EBIT down 26%, mainly due to lower crude prices
- Group hydrocarbon production maintained stable
- Gas sales volumes up 5%; Petrobrazi refinery is delivering a good performance post modernization
- Strong financial position as at end-2014
- 2015: investments reduced by 20 - 35% vs 2014, including portfolio optimization and further cost efficiency initiatives, to cope with current market challenges