Petróleo Brasileiro S.A. Overview
Pro stress-test →Petrobras is a Brazil-based government agency specializing in the oil, natural gas and energy industry. The company explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. For the twelve months ending March 31, 2026, Petrobras generated $91.657B in revenue, a 3.31% increase year-over-year.
Strategic Profile
Pro stress-test →Petrobras achieved record operational and financial results in Q1 2026, with total operated production of 4.65 million barrels of oil equivalent per day and pre-salt own production of 2.66 million boed, driven by capacity expansion, high pre-salt productivity, and refinery modernization. The company has a strategic focus on self-sufficiency in diesel and gasoline, aiming to supply 100% of Brazil's demand by 2030.
Competitive Landscape
Pro stress-test →Petrobras operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. It competes globally with major integrated oil and gas companies (ExxonMobil, Shell, Chevron, BP) and regional players (Equinor, TotalEnergies) in upstream production and downstream refining. Pre-salt assets provide competitive cost and productivity advantages.
Industry Context
Petróleo Brasileiro S.A. operates in Offshore oil and gas exploration and production.
Key facts
Founded: 1953 · Headquarters: Rio de Janeiro, Brazil · Employees: 43,200 · Revenue: $91.7B (TTM as of Q1 2026) · Market cap: $520B