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Petrobras

Petróleo Brasileiro S.A. — Petrobras
Sociedade Anônima
Traded as
Industry Petroleum industry
Founded 1953; 64 years ago (1953)
Headquarters Rio de Janeiro, RJ, Brazil
Area served
Worldwide
Key people
Pedro Parente (CEO)
Ivan de Souza Monteiro (CFO)
Products Petroleum
Petroleum products
natural gas
lubricant
petrochemicals
fertilizers
biofuels
Production output
2.3 million barrels of oil equivalent (14,000,000 GJ) per day
Revenue DecreaseUS$ 98.2 billion (2015)
Decrease -US$6.963 billion (2014)
Decrease -US$7.367 billion (2014)
Total assets DecreaseUS$298.687 billion (2014)
Total equity DecreaseUS$116.978 billion (2014)
Owner Brazilian Government (64%)
Number of employees
80,908 (2014)
Subsidiaries Petrobras Distribuidora
Transpetro
Petrobras Argentina
Braskem
Website www.petrobras.com.br

Petróleo Brasileiro S.A. — Petrobras, more commonly known as simply Petrobras (Portuguese pronunciation: [ˌpɛtɾoˈbɾas]), is a semi-public 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 #58 in the most recent Fortune Global 500 list.

The company operates in six business areas, listed in order of revenues:

Petrobras controls significant oil and energy assets in 16 countries in Africa, North America, South America, Europe, and Asia.

However, Brazil represented 92% of Petrobras' worldwide production in 2014 and accounted for 97% of Petrobras' worldwide reserves on 31 December 2014.

As of 31 December 2014, the company had 8,112.8 million barrels of oil equivalent (4.9633×1010 GJ) of proved developed reserves and 4,599.7 million barrels of oil equivalent (2.8140×1010 GJ) of proved undeveloped reserves in Brazil. Of these reserves, 62.7% were located in the offshore Campos Basin. The largest growth prospect for the company is the Lula oil field in the Santos Basin.

In 2015, the company produced 2.284 million barrels of oil equivalent (13,970,000 GJ) per day, of which 89% was petroleum and 11% was natural gas.

Reserves held outside of Brazil accounted for 8.4% of production in 2014. The majority of these reserves are in South America; the company has assets in Argentina, Bolivia, Chile, Colombia, Venezuela, Paraguay, and Uruguay.


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