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Company namePetróleo Brasileiro S.A.
Company typeSociedade Anônima
IndustryOil and Gasoline
Founded 1953
HeadquartersRio de Janeiro
Area servedWorldwide
Key peopleJosé Gabrielli (CEO)
Almir Guilherme Barbassa (CFO)
ProductsPetroleum and derived products
BR service stations
Lubrax motor oil
Revenue(+) US$ 138.5 billion (2010)
Operating income(+) US$ 24.1 billion (2010)
Net income(+) US$ 19.1 billion (2010)
Total assets(+) US$ 308.6 billion (2010)
Owner(s)Brazilian Government (64%)
Employees80.497 (2010)
SubsidiaryBR Distribuidora, Petroquisa, Transpetro, Petrobras Energia, Braskem among others.

     Home | Company | Petrobras

:Not to be confused with Malaysian oil company Petronas.

Petróleo Brasileiro or Petrobras ( BM&F Bovespa: PETR4 / , / BMAD - BRPETRACNOR9XPBR, XPBRA / Merval - APBR) is a semi-public Brazilian multinational energy corporation headquartered in Rio de Janeiro, Brazil.

Petrobras is the largest company in Latin America by market capitalization and revenue, and the largest company headquartered in the Southern Hemisphere by market value. The company was founded in 1953. While the company ceased to be Brazil's legal monopolist in the oil industry in 1997, it remains a significant oil producer, with output of more than 2 Moilbbl of oil equivalent per day, as well as a major distributor of oil products.

The company also owns oil refineries and oil tankers. Petrobras is a world leader in development of advanced technology from deep-water and ultra-deep water oil production.

In September 2010 Petrobras conducted the largest share sale in history, when US$72.8 billion worth of shares in the company were sold on the BM&F Bovespa stock exchange. Upon the sale Petrobras immediately became the fourth-largest company in the world measured by market capitalisation, and the event was described by the then Brazilian President Luiz Inácio Lula da Silva as "Never in human history ...".

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