Petrobras (NYSE: PBR) is a publicly traded, majority government-owned integrated energy company headquartered in Rio de Janeiro, Brazil. Established in 1953 by the Brazilian government, the company has grown into one of the world’s leading oil and gas enterprises, with operations spanning the entire hydrocarbon value chain. Petrobras is principally engaged in exploration and production of crude oil and natural gas, with a strong focus on deepwater and ultra-deepwater offshore reserves along the Brazilian coast.
In addition to upstream activities, Petrobras operates an extensive midstream and downstream network that includes refineries, pipelines, terminals and distribution facilities. The company’s refining segment produces gasoline, diesel, jet fuel, lubricants and petrochemical feedstocks, while its marketing arm supplies petroleum products to both domestic and international customers. Petrobras also maintains investments in biofuels and renewable energy projects, reflecting a strategic push toward diversification of its energy portfolio.
While Brazil remains the core market for Petrobras, the company holds exploration and production assets in several other regions, including areas in Latin America, Africa and North America. Its integrated model allows for synergies between offshore platforms, subsea technology and onshore industrial complexes. As a state-controlled entity, Petrobras’ executive leadership and board are appointed by the federal government, and the company operates under stringent regulatory and environmental standards set by Brazilian authorities.