Annual Business Update and ESG Report
Ratio and Formula
Lifting Cost
($/BOE)
Cash Cost
($/BOE)
Unit Cost
($/BOE)
Reserves
(Operating Exp. - Transportation Cost - Stock Variation - Other expenses not related to
lifting)/Production Volume
(Operating Exp. + Exploration Exp. + G&A + Royalties + Finance Cost) / Sales Volume
(Operating Exp. + Exploration Exp. + G&A + Royalties + Finance Cost + DD&A)/Sales
Volume
5-Yr Additional Proved Reserves / 5-Yr Production Volume
Replacement Ratio
Net debt
Debt to Equity
Total debt-Liquidity
Total debt/ Shareholders' equity
Net Debt to Equity Net debt / Shareholders' equity
Total Debt to Total debt/(Total debt + Shareholders' equity)
Capital
Total Debt to
EBITDA
Total debt / Trailing-12-month EBITDA
Reserves Life Index Proved Reserves / Production Volume
Net Debt to
EBITDA
Net debt/Trailing-12-month EBITDA
(Year)
Success Ratio
Sales Revenue
EBITDA
Number of wells with petroleum discovery / Total number of exploration and appraisal wells
Sales + Revenue from pipeline transportation
EBITDA Interest
Coverage Ratio
Trailing-12-month EBITDA / Trailing-12-month Interest Expenses & Amortization of
Bond Issuing Cost
Crude oil
To convert
EBITDA Margin
Return on Equity
Return on Capital
Employed
(Sales + Revenue from pipeline transportation) - (Operating expenses + Exploration expenses
+ Administrative expenses + Petroleum royalties and remuneration + Management's
remuneration)
EBITDA / Sales Revenue
Trailing-12-month net income / Average shareholders' equity between the beginning and the
end of the 12-month period
(Trailing-12-month net income + Trailing-12-month Interest Expenses & Amortization of
Bond Issuing Cost)/(Average shareholders' equity and average total debt between the
beginning and the end of the 12-month period)
Simple Effective
Income tax expenses / Income before income taxes
Tax Rate
Total debt
Short-term loans from financial institution + Current portion of long-term debts + Bonds +
Long-term loans from financial institution
From
Tonnes (metric)
Kilolitres
Barrels
US gallons
Barrels/day
Natural gas and LNG
Tonnes (metric)
Kilolitres
Barrels
Multiply by
US gallons
Tonnes/year
1
1.165
7.33
0.8581
1
6.2898
0.1364
0.159
307.86
264.17
42
0.00325
0.0038
0.0238
To convert
49.8
Billion cubic
Metres NG
Billion cubic feet NG
Million tonnes oil
equivalent
Million tonnes
Trillion BTU
MBOE
LNG
From
Multiply by
1 billion cubic metres NG
1.000
35.315
0.860
0.735
34.121
5.883
1 billion cubic feet NG
0.028
1.000
0.024
0.021
0.966
0.167
1 petajoule NG
0.028
0.981
0.024
0.021
0.952
0.164
1 million tonnes oil equivalent
1.163
41.071
1.000
0.855
39.683.
6.842
1 million tonnes oil LNG
1.360
48.028
1.169
1.000
46.405
8.001
1 trillion British thermal units
0.029
1.035
0.025
0.022
1.000
0.172
1 million barrels oil equivalent
0.170
6.003
0.146
0.125
58.000
1.000
46View entire presentation