Brazilian oil giant Petrobras put a number to its losses Wednesday, showing a total financial loss of $16.77 billion in corruption and asset write offs for a net loss of $7.2 billion. Included in that number, is just over $2 billion dollars of losses attributed directly to bribe payments.
The report, announced at a Wednesday news conference, contains the first results to be audited since last August.
The semi-public oil company has been mired in a multibillion-dollar graft scandal, which has also hurt leftist President Dilma Rousseff’s government.
Last month, at least two million protesters took to the streets throughout Brazil calling for the impeachment of Rousseff, partly in response to the scandal.
Investors are unsure about Petrobras, which is Brazil’s largest company, and what many Brazilian government officials had regarded as the country’s ticket to achieving developed country status.
