Petroleo Brasileiro SA
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Magda Chambriard
- Full Time Employees
- 50,687
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- Avenida RepUblica do Chile, 65 Rio de Janeiro RJ Brazil 20231-030
- IPO Date
- Jul 20, 1977
- Website
- petrobras.com.br
- Similar Companies
- Business
- Petróleo Brasileiro S.A. - Petrobras (Petrobras) operates as a majority state-owned integrated energy company focused on the exploration, production, refining, transportation, and marketing of oil, natural gas, and related products. The company offers crude oil in various grades including heavy and light oils; natural gas for power generation, industrial processes, and residential use; refined products such as gasoline, diesel (including S-10 diesel), jet fuel, fuel oil, naphtha, and liquid petroleum gas (LPG); petrochemicals like ethylene and propylene; biofuels including biodiesel and ethanol; as well as nitrogen fertilizers; it also engages in power generation through thermoelectric plants, oil tanker operations, distribution pipelines, marine terminals, and petrochemical units. Petrobras conducts its activities primarily in Brazil with international operations in South America and elsewhere, targeting global refineries, petrochemical plants, automotive, aviation, industrial sectors, power plants, and chemical industries; founded in 1953 and headquartered in Rio de Janeiro, Brazil, the company maintains subsidiaries such as Petrobras Transporte S.A. for marine shipping and Petrobras America, Inc. for refining and marketing. In recent developments, Petrobras approved its Business Plan 2026-2030 in November 2025, allocating $109 billion in investments with a focus on refining efficiency, low-carbon initiatives like sustainable aviation fuel, renewable diesel, biogas, carbon capture, and hydrogen pilots, while trimming expansion targets and capex by $2 billion compared to prior projections. The company resumed expansion of the Abreu e Lima (RNEST) refinery in December 2025 with Train 2 construction, aiming to double capacity to 260,000 barrels per day by 2029 and boost S-10 diesel output by 88,000 barrels per day to enhance energy security and meet 17% of national diesel demand. Additionally, Petrobras expanded partnerships including a June 2025 multi-year deal with Fugro valued at around $340 million for geo-data in offshore wind and hydrogen storage, negotiations with Raízen, BP, and Inpasa for ethanol expansion, a September 2025 launch of Brazil's largest onshore wind turbine with WEG and Statkraft, seismic contracts with PXGEO in November 2025, and selection of Valetec Capital in October 2025 to manage a $93 million venture capital fund for clean energy startups starting investments in 2026.
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