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Petrobras - Statistics & Facts

Petrobras – short for Petróleo Brasileiro S.A. – a Brazilian corporation headquartered in Rio de Janeiro, is one of the largest oil and gas companies in the world and by far the largest enterprise in the oil and gas sector in Brazil, in terms of revenue. The corporation was established in 1953 in order to exert government control over oil exploration, production, refining, and distribution in the country. Although the company’s monopoly legally ended in 1997, Petrobras still holds a large share of the national oil and fuel industries.

A giant from upstream to downstream

Despite the unprecedented crisis in oil prices resulting from a decrease in global demand amidst the outbreak of the COVID-19 pandemic, Petrobras’ crude oil production reached record levels in 2020, nearing 2.3 million barrels per day. The company’s production has been reignited since 2014 with the development of exploration of the pre-salt layer. Pre-salt is a series of geological formations established by the separation of what are currently the American and African continents, and its fuel reserves are normally located in deep-sea areas, under thick layers of salt. Petrobras accounts for more than 90 percent of the crude oil output in Brazil.

The largest contribution to the company’s revenue, however, comes from the refining, transportation, and marketing segment. Despite negotiations to sell some of its assets in progress, as of 2020 Petrobras owned 13 out of the 17 existing oil refineries in Brazil, which correspond to over 98 percent of the national refining capacity. This effective control is also reflected into the fuel distribution sector – Petrobras holds the largest market share in nearly every segment it operates. The distribution is carried out through BR Distribuidora. Once a subsidiary of Petrobras, BR Distribuidora is officially a private company since mid-2019. Nevertheless, Petrobras still had a stake of 37.5 percent of the fuel distributor as of December 2020.

Notes on a scandal

In 2014, Petrobras was involved in what was considered one of the largest scandals in Brazil’s recent history. Under an investigation named “Operation Car Wash”, prominent politicians and businessmen were charged with corruption and money laundering, including involvement in bribes and illegal donations to political parties. These circumstances, combined with the drop in oil prices that same year and the beginning of an economic crisis in Brazil, led the corporation’s revenue and profits to plummet between 2014 and 2015. Nevertheless, until the coronavirus pandemic hit, Petrobras had been on an overall recovering trend. But with political disputes once again causing a drop in the company’s market capitalization in the first months of 2021, Petrobras’ lucky streak may prove to be short lived.

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Global standing

Operations

Environmental footprint

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Petrobras

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Petrobras - Statistics & Facts

Petrobras – short for Petróleo Brasileiro S.A. – a Brazilian corporation headquartered in Rio de Janeiro, is one of the largest oil and gas companies in the world and by far the largest enterprise in the oil and gas sector in Brazil, in terms of revenue. The corporation was established in 1953 in order to exert government control over oil exploration, production, refining, and distribution in the country. Although the company’s monopoly legally ended in 1997, Petrobras still holds a large share of the national oil and fuel industries.

A giant from upstream to downstream

Despite the unprecedented crisis in oil prices resulting from a decrease in global demand amidst the outbreak of the COVID-19 pandemic, Petrobras’ crude oil production reached record levels in 2020, nearing 2.3 million barrels per day. The company’s production has been reignited since 2014 with the development of exploration of the pre-salt layer. Pre-salt is a series of geological formations established by the separation of what are currently the American and African continents, and its fuel reserves are normally located in deep-sea areas, under thick layers of salt. Petrobras accounts for more than 90 percent of the crude oil output in Brazil.

The largest contribution to the company’s revenue, however, comes from the refining, transportation, and marketing segment. Despite negotiations to sell some of its assets in progress, as of 2020 Petrobras owned 13 out of the 17 existing oil refineries in Brazil, which correspond to over 98 percent of the national refining capacity. This effective control is also reflected into the fuel distribution sector – Petrobras holds the largest market share in nearly every segment it operates. The distribution is carried out through BR Distribuidora. Once a subsidiary of Petrobras, BR Distribuidora is officially a private company since mid-2019. Nevertheless, Petrobras still had a stake of 37.5 percent of the fuel distributor as of December 2020.

Notes on a scandal

In 2014, Petrobras was involved in what was considered one of the largest scandals in Brazil’s recent history. Under an investigation named “Operation Car Wash”, prominent politicians and businessmen were charged with corruption and money laundering, including involvement in bribes and illegal donations to political parties. These circumstances, combined with the drop in oil prices that same year and the beginning of an economic crisis in Brazil, led the corporation’s revenue and profits to plummet between 2014 and 2015. Nevertheless, until the coronavirus pandemic hit, Petrobras had been on an overall recovering trend. But with political disputes once again causing a drop in the company’s market capitalization in the first months of 2021, Petrobras’ lucky streak may prove to be short lived.

Interesting statistics

In the following 6 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Petrobras".

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