Petrobras

Company Overview

Petrobras works in the oil, natural gas, and energy industry. The company has expertise in exploration and production. The company is a government-controlled private company controlled by the Federal Government. As of March 31, 2023, the Federal Government directly owned 50.26% of the company’s common shares and 28.67% of its total share capital. In 2022, the company added 3 biofuel production units to their profile. In 2023, the company supplied 1.16% of Brazil’s biodiesel demand.

Financial Highlights (FY 2023)

Company's Business Segments

• Exploration and Production : This segment covers the activities of Exploration, Development, Production of Crude Oil, NGL (Natural Gas Liquid), Natural Gas in Brazil and abroad, for the primary purpose of supplying its domestic refineries.
• Refining, Transportation & Marketing : This segment covers the Refining, Logistics, Transport, Acquisition, Exports of Crude Oil, as well as trading of Oil Products, in Brazil and abroad. This segment also includes the Petrochemical Operations, Fertilizer Production.
• Gas and Low Carbon Energies : This segment covers the activities of Logistic, Trading of Natural Gas, Electricity, the Transportation and Trading of Liquefied Natural Gas (LNG), the Generation of Electricity by means of Thermoelectric Power Plants, as well as Natural Gas Processing. It also includes Renewable Energy Businesses, Low Carbon Services the production of Biodiesel and its co-products.
• Corporate and other businesses : Corporate items mainly include those related to Corporate Financial Management, Trade, Other Receivables, Allowance for Credit Losses, Gains (Losses) with Derivatives, Corporate Overhead, Other Expenses, including Actuarial Expenses related to Pension, Health Care Plans for beneficiaries. Other businesses include the Distribution of Oil Products abroad (South America).