By accessing and using this site you agree with  each of the Terms and Conditions set forth below:

 

Warranties, Liabilities and Damages

 

1.  OGX makes no warranties with respect to the accuracy or completeness of the  content, tools and materials contained, used and offered by this site, and waivers any liability for damages resulting from content errors or equipment failure.

2.  OGX makes no express or explicit warranties with respect to undue use of the information, tools and materials made available  and/or of the equipment used by this website, for whatever purpose,  by any user, and user shall be fully liable for   possible infringements of  own or third party’s rights, resulting from this undue use.

3. In no circumstance OGX, OGX officers or employees will be liable for any direct or indirect, special, incidental or consequential damages, losses or expenses resulting from the connection to this website, or use or impossibility to use, or relatively to any performance failure, error, omission, interruption, defect or delay in the operation or transmission, computer viruses or   line or system failure, even if  OGX or OGX representatives have been warned about the possibility of such damages, losses or expenses occurring.

4. Website users will be fully accountable for the appropriate provision of all Internet resources, without exception.

5.  OGX waivers any liability for the content offered by other websites (a) whose addresses are displayed on the pages of this website, or (b) where the address of this website is displayed.  OGX makes no warranties about the reimbursement of any damages caused by the websites referred to in this item.

6. About the exchange of Internet messages between users and  OGX please refer to the Privacy Policy.

7. Before making any investment decision, potential investors are advised to carefully consider, in the light of their own financial standings and investment objectives, all the information made available by this  website and,  especially, potential investors are advised to carefully assess the Risk Factors.

 

Confidentiality of User Information

 

OGX reserves itself the right to improve the functionalities of this website based on the analysis and the consolidation of the information and suggestions collected and their timeliness for the set of website users. For additional information on the use of the information collected from this website, please refer to the Privacy Policy.

 

Copyrights and Intellectual Property

 

Except as otherwise provided, the full content of this website pages, such as, information, materials, instruments, page layout,  graphs and drawings are OGX property or property of third parties that have lawfully assigned their use rights.

 

Comments about the EBITDA

 

The EBITDA reflects net profit before net financial expenses, income tax and social contribution, depreciation and amortizations. The EBITDA is used as performance measurement tool by Company management, and is not a measurement adopted by the Brazilian or by the American Accounting Principles.

The EBITDA does not represent cash flow for the relevant periods,  and should not be seen as a replacement for  net profit, as an indicator of OGX operating performance or as a replacement for cash flow, or as a liquidity indicator.

OGX management is convinced that the  EBITDA is a practical measurement to check company operating performance, and to enable a comparison with other companies doing business in the same sector. Please note that the  EBITDA is not a measurement established under the Brazilian Accounting Principles (Corporate Law  or BR GAAP) or the United States Accounting Principles (US GAAP),  and may be defined and calculated in different ways by different companies.

 

Note: By accessing this website and any of its pages user automatically accepts all the Terms and Conditions established herein. Therefore, please  stop any search or reference to any of the pages of this website if you do no agree with all the Terms and Conditions above.

 

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OGX is one of the 10 largest oil producers in Brazil