Petrobras

Petrobras
Petróleo Brasileiro S.A.
Company typePublic S.A.
ISIN
IndustryEnergy: Oil and gas
Founded3 October 1953 (3 October 1953)[2]
FounderGovernment of Brazil
HeadquartersRio de Janeiro,
Area served
Worldwide
Key people
  • Magda Chambriard (CEO)
  • Pietro Sampaio (Chairman)
  • Giancarlo Moreira (Board Member)
ProductsPetroleum
Petroleum products
Natural gas
Lubricant
Petrochemicals
Fertilizers
Biofuels
Production output
3.40 million barrels of oil equivalent (20,800,000 GJ) per day (2023)[3]
Revenue US$ 124.47 billion[4] (2022)
US$ 37.5 billion (2021)[5]
US$ 36.62 billion[6] (2022)
Total assets US$ 174.3 billion (2021)[5]
Total equity US$ 69.8 billion (2021)[5]
OwnerGovernment of Brazil (29.02%)[7][a]
Number of employees
45,532 (2021)[8]
Subsidiaries
  • Transpetro
  • Braskem
  • Petrobras Biocombustível
Websitepetrobras.com.br

Petróleo Brasileiro S.A., better known by and trading as the portmanteau Petrobras (Portuguese pronunciation: [ˌpɛtɾoˈbɾas, pet-]), is a Brazilian majority state-owned multinational corporation in the petroleum industry headquartered in Rio de Janeiro. The company's name translates to Brazilian Petroleum Corporation — Petrobras.

The company was ranked #71 in the 2023 Fortune Global 500 list.[9] In the 2023 Forbes Global 2000, Petrobras was ranked as the 58th-largest public company in the world.[10]

  1. ^ Alex Cuadros (2016). Brazillionaires: Wealth, Power, Decadence and Hope in an American Country. New York: Spiegel & Gray. p. 30.
  2. ^ "pbraform20f_2014.htm - Generated by SEC Publisher for SEC Filing". Retrieved 5 May 2016.
  3. ^ "Produção média nacional de petróleo e gás bate recorde em 2023". gov.br. 2 February 2024.
  4. ^ "Petrobras revenue 2022". Statista. Retrieved 15 December 2023.
  5. ^ a b c "Financial Statements 2021". Petrobras IR. 23 February 2022. pp. 11, 12, 15. Retrieved 11 July 2022.
  6. ^ "Petrobras net income 2022". Statista. Retrieved 15 December 2023.
  7. ^ "Shareholding Structure". investidorpetrobras.com.br. Retrieved 8 December 2023.
  8. ^ "Demonstrações Financeiras 2021". Petrobras IR (in Brazilian Portuguese). 21 February 2022. p. 126. Retrieved 11 July 2022.
  9. ^ "Petrobras | 2023 Global 500". Fortune. Retrieved 27 January 2023.
  10. ^ "Forbes Global 2000". Forbes. Retrieved 27 January 2023.


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