Petrobras

22°54′34″S 43°10′45″W / 22.9094°S 43.1793°W / -22.9094; -43.1793

Petrobras
Petróleo Brasileiro S.A.
Company typePublic S.A.
ISIN
IndustryEnergy: Oil and gas
Founded3 October 1953; 71 years ago (3 October 1953)[2]
FounderGovernment of Brazil
HeadquartersRio de Janeiro,
Area served
Worldwide
Key people
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]
RevenueIncrease US$ 124.47 billion[4] (2022)
Increase US$ 37.5 billion (2021)[5]
Increase US$ 36.62 billion[6] (2022)
Total assetsDecrease US$ 174.3 billion (2021)[5]
Total equityDecrease US$ 69.8 billion (2021)[5]
OwnerGovernment of Brazil (28.67)[7]
Number of employees
45,532 (2021)[8]
Subsidiaries
Websitewww.petrobras.com.br

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

The company was ranked #71 in the most recent 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.