Petrobras

Petrobras is a Brazilian integrated energy company, primarily focused on the exploration and production of oil and gas in offshore fields. Established in 1953 and controlled by the Brazilian government, the company has developed advanced technology for deep and ultra-deep water oil extraction, where more than 90% of its reserves are located. As of 2023, Petrobras produced 2.8 million barrels of oil equivalent per day, with oil accounting for 80% of this production, and held reserves of 10.9 billion barrels of oil equivalent. The company operates 10 refineries in Brazil, with a total capacity of 1.8 million barrels per day, and distributes refined products and natural gas across the country. Petrobras emphasizes socio-environmental responsibility and has been recognized for its sustainability practices, being listed on the Dow Jones Sustainability Index since 2006, reflecting its commitment to corporate governance and transparency.