Developer docs
API playgroundTry for free, no card

Search company profiles

Petrobras

Full company profile

uuid00006ib

Namestring
Petrobras
Legal namestring
Petróleo Brasileiro S.A. – Petrobras
Company typeenum
Public
Founded yearint
1953
Descriptiontext

Petrobras (Petróleo Brasileiro S.A.) is a vertically integrated Brazilian state-controlled energy company founded on October 3, 1953, headquartered in Rio de Janeiro, and listed on NYSE (PBR) and B3 (PETR3/PETR4) with the Brazilian federal government holding approximately 37% ownership. The company operates across the full energy value chain, from upstream exploration and production anchored in world-class pre-salt and ultra-deepwater assets (Q1 2026 record production of 3.23 million BOE/d, with pre-salt output of 2.66 million boed) through refining (1.816 million b/d at 95% utilization in Q1 2026, with March 2026 reaching 97.4%, the highest since December 2014), natural gas, petrochemicals (co-control of Braskem), fertilizers (reactivated Fafen-BA and Fafen-SE plants targeting 35% of national nitrogen demand), and increasingly renewable energy (49.99% stake in Lightsource bp Brazil). The technology backbone is CENPES, the largest research center in Latin America, which has produced proprietary innovations including HISEP subsea CO2 separation, closed-flare systems, 100% electrified offshore platforms, and the world's largest offshore CO2 reinjection program (67.8 million tonnes cumulative, 14.2 million tonnes in 2024).

Petrobras's revenue model spans crude oil exports (over 60% redirected to China as of 2026, with India as the second-largest buyer at ~290,000 bpd), domestic fuel distribution to licensed distributors and gas stations through the public precos.petrobras.com.br pricing portal, refined product sales, natural gas, fertilizers, B2B specialty products (Diesel R renewable diesel, SAF, Bunker VLS B24, CAP Pro asphalt), petrochemical interests, and contracted power capacity (2.6 GW, R$44 billion in fixed revenue). Distribution combines direct enterprise sales with Transpetro's coastal logistics fleet (expanding from 26 to 42 vessels by 2030 under the $6B Mar Aberto program), customer/supplier portals (Canal Cliente, Canal Fornecedor), and FPSO build-operate-transfer contracts with international partners (SBM Offshore for Sergipe SEAP-I and SEAP-II, Hanwha Ocean for P-79 at Búzios). Q1 2026 sales revenue reached $23.5 billion (up 11.7% YoY) with net profit of R$32.7 billion ($6.2B). The company is investing $109 billion over 2026-2030, with $78 billion for E&P, $13 billion for energy transition, and $4.3 billion for decarbonization.

Short descriptiontext

Petrobras is a vertically integrated Brazilian state-controlled oil and gas major operating across upstream pre-salt production, refining, natural gas, fertilizers, petrochemicals, and renewables, serving domestic fuel distributors, Asian refiners, and industrial buyers with Q1 2026 production of 3.23 million BOE/d.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersRio, Brazil
HQ citystring
Rio
HQ countrystring
Brazil
HQ regionstring
Latin America
Markets served

Serves global market

Offices8 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
oil and gas production, crude oil refining, natural gas distribution, petrochemical manufacturing, renewable energy generation
Industry6 codes
1Syngas & Hydrogen Feedstocks (SMR/ATR, Refinery/Petrochem H2)
CodeEUALAHAEPrimaryYes
2Solid Biomass Fuel Storage, Handling & Terminal Operations
CodeEUAAAJAFPrimaryNo
3Fuel Cell CHP (SOFC/PEM—Natural Gas/Biogas/Hydrogen)
CodeEUACAKAGPrimaryNo
4Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass)
CodeEUABAJADPrimaryNo
5Styrenics (Styrene Monomer, PS, EPS, ABS)
CodeIMAEADAEPrimaryNo
6Polyesters & PET Chain (PTA, MEG, PET)
CodeIMAEADAGPrimaryNo
NAICS code4 codes
  • Crude Petroleum Extraction21112
  • Petrochemical Manufacturing325110
  • Petroleum Refineries32411
  • Petroleum Lubricating Oil and Grease Manufacturing324191
SIC code5 codes
  • Crude Petroleum & Natural Gas1311
  • Petroleum Refining2911
  • Natural Gas Transmisison & Distribution4923
  • Pipe Lines (No Natural Gas)4610
  • Oil & Gas Field Services, Nec1389
Product category
Integrated Oil and Gas
GTM motion4 records

Each record includes

Type, Description, Source

Revenue model9 records
1Crude Oil Exports & Domestic Sales
TypeHardware Sales
Description

Sales of crude oil produced from pre-salt and other basins. Q1 2026 record oil production of 3.23 million BOE/d, with pre-salt output of 2.66 million boed. Brazil has doubled oil exports to India (275,000 bpd) and increased shipments to China (record 1.43 million bpd in April). Petrobras redirected over 60% of exports to China while cutting US exports to zero during 2026 geopolitical tensions.

oilprice.com
2Refined Petroleum Products (Refining)
TypeHardware Sales
Description

Sale of refined products including gasoline, diesel, jet fuel, marine fuels, lubricants, and other derivatives from Brazilian refineries. Q1 2026 refining output of 1.816 million b/d at 95% utilization rate. March 2026 refining utilization reached 97.4%, the highest since December 2014. Several refineries operated above 100% capacity in April-May 2026.

bloomberg.com
3Natural Gas Sales
TypeHardware Sales
Description

Domestic sales of natural gas. Brazil's natural gas output hit an all-time high of 7.2 billion cubic feet per day in March 2026 (up 23.3% year-over-year). Sergipe Deepwater Project expected to increase Northeast Brazil's share of national gas supply from 16% to 31% by 2035.

oilprice.com
4Fertilizers (Nitrogen and Urea)
TypeHardware Sales
Description

Production and sale of nitrogen and urea fertilizers. Reactivation of Fafen-BA (Bahia Fertilizer Plant) producing 1,300 tons of urea daily (5% of national nitrogen fertilizer demand). Fafen-SE resumed ammonia production in December 2025 and urea production in January 2026, producing 1,800 tons of urea per day (~7% of national demand). UFN-III in Três Lagoas resuming at ~R$5 billion investment. Goal to meet 35% of Brazil's national nitrogen fertilizer demand.

valor.globo.com
5Renewable Energy Generation
TypeSubscription Recurring
Description

Onshore renewable energy generation through 49.99% equity interest in Lightsource bp's Brazilian subsidiaries (acquired May 2026), including the 212 MWp Milagres solar PV plant. Aligns with the Business Plan 2026–2030 to expand solar power generation. Petrobras contracted 2.6 GW of power capacity totaling R$44 billion in fixed revenue.

brazilenergyinsight.com
6Biofuel / Renewable Diesel and SAF
TypeHardware Sales
Description

Investment of approximately US$1.2 billion for the RPBC Biorefining project at Presidente Bernardes Refinery in Cubatão to produce up to 15,000 bpd of bio-jet fuel (SAF) and renewable diesel. Construction begins end of 2026, operations scheduled for 2030. Diesel R has up to 90% lower GHG emissions vs fossil diesel.

finance.yahoo.com
7Petrochemical Interests (Braskem)
TypeManaged Services
Description

Equity stake in Braskem, Latin America's largest petrochemical company. Petrobras became co-controller alongside IG4 Capital in June 2026 after a deal signed in April that ended years of failed sale attempts by former owner Novonor. Braskem faces $9.4 billion in total debt and is undergoing out-of-court debt restructuring.

riotimesonline.com
8Sustainability-Linked Financing
TypeSubscription Recurring
Description

Sustainability-linked loans tied to corporate KPIs related to greenhouse gas emissions and methane intensity. Signed a $1.25 billion sustainability-linked loan on 07/08/22 with Bank of China, MUFG, and The Bank of Nova Scotia, with maturity in July 2027, marking the company's first financing linked to sustainability targets.

reuters.com
9Carbon Credits (ProFloresta+)
TypeData Monetisation
Description

Carbon credit purchases through Brazil's first public auction for Amazon forest restoration under the ProFloresta+ program. Five million carbon credits acquired via three firms (Systemica, brCarbon, re.green) at approximately $55-$73.82 per tonne CO2e. 25-year contracts expected to mobilize roughly R$450 million ($87.5 million) in planting investments.

carbonherald.com
Marketing channels12 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels9 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Infrastructure, Technology or R&D, Personnel, Supply Chain, Marketing or Sales
Pricing details3 tiers
1Gasoline price to distributors
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Average price to distributors of 2.85 reais per litre after a 5.6% reduction announced in June 2026 (first cut since October 2023). Also raised domestic gasoline prices for distributors to 2.61 reais per litre (May 2026, first increase in about two years).

ainvest.com
2Diesel subsidy (government program)
ModelOtherBilling cadencePay-as-you-go
Notes

Voluntary program under Provisional Measure No. 1,340 (issued March 12, 2026) provides temporary R$1.20 per liter diesel subsidy. Petrobras received 752 million reais for approximately 934 million liters of diesel at subsidy rate of R$1.12 per liter. Program runs until May 31, 2026.

ainvest.com
3Public fuel pricing portal
ModelOtherBilling cadencePay-as-you-go
Notes

Petrobras operates the publicly accessible portal precos.petrobras.com.br for fuel price discovery. Diesel R (renewable) offers up to 90% less GHG emissions versus fossil diesel. CAP Pro asphalt reduces estimated installation emissions by up to 65%.

petrobras.com.br
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 9 records shown
1Diesel R
Description

Renewable diesel with up to 90% lower GHG emissions versus fossil diesel

petrobras.com.br
+8 more records
Core offering1 text field

Petrobras is a vertically integrated energy company that explores for and produces crude oil and natural gas (predominantly from Brazil's pre-salt basins), refines and markets petroleum products (gasoline, diesel, jet fuel, marine fuels, lubricants, asphalt, LPG), produces nitrogen fertilizers, operates a petrochemical interest in Braskem, and generates renewable energy through a Lightsource bp joint venture. The full value chain is supported by Transpetro's logistics network, the CENPES research center, and proprietary decarbonization technologies such as HISEP and the world's largest offshore CCUS reinjection program.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 10 values shown
  • Record Q1 2026 production of 3.23 million BOE/d, up 16.1% year-on-year
+9 more records
Product overview1 text field

Petrobras operates as a vertically integrated energy company rather than a single unified software product; its offering is a portfolio of branded fuels, renewable products, petrochemicals, and fertilizers (the consumer-facing 'products' array) supported by upstream exploration and production operations, refining, gas processing, logistics (Transpetro), and research at the Cenpes center. The core hydrocarbon-derived products (Gasolina, Gasolina Podium, Óleo Diesel, Diesel Podium, Gás Natural, Gás Natural Veicular, GLP, Óleos Combustíveis, Óleos Básicos Lubrificantes, Enxofre, Coque Verde de Petróleo, Parafina, CAP Convencional) sit alongside a growing low-carbon portfolio (Diesel R, SAF Petrobras, CAP Pro, Bunker VLS B24) developed through the BioRefino program. Fertilizers (Fafen-SE, Fafen-BA, UFN-III, Tipos de Fertilizantes) and operational programs (CCUS reinjection, Descomissionamento Offshore, Programa Petrobras Socioambiental, Combustíveis Customizados, Raro specialty products) complete the offering. This portfolio is sold through dedicated channels (preços.petrobras.com.br, canalcliente, canalfornecedor) and supported by proprietary systems including SIGEA® for emissions management and the Open Energy Data platform.

Product and service20 records
1Diesel R (Renewable Diesel)
CategoryRenewable fuel product
Description

Renewable-content diesel with a renewable portion that emits up to 90% less greenhouse gases compared to fossil diesel; marketed as a drop-in fuel requiring no changes in logistics or storage.

2SAF Petrobras (Sustainable Aviation Fuel)
CategoryRenewable aviation fuel product
Description

Sustainable aviation fuel combining conventional jet fuel with a renewable fraction produced via coprocessing at REDUC and REVAP refineries; a dedicated bio-jet fuel unit is under development.

3CAP Pro (Low-Carbon Asphalt)
CategoryLow-carbon asphalt product
Description

Asphalt cement (CAP) incorporating recyclable material that reduces estimated installation emissions by up to 65% and improves working conditions, designed for road paving applications.

4Bunker VLS B24 (Marine Fuel)
CategoryMarine fuel product
Description

Very-low-sulphur marine fuel oil containing 24% biodiesel, meeting ANP criteria and the European Renewable Energy Directive requirements for maritime use.

5Gasolina (Gasoline)
CategoryRefined fuel product
Description

Standard gasoline product distributed by Petrobras, part of its core refined fuels portfolio.

6Gasolina Podium
CategoryPremium refined fuel product
Description

Premium gasoline product in Petrobras's fuel lineup with enhanced performance characteristics.

7Diesel Podium
CategoryPremium diesel product
Description

Premium diesel product in Petrobras's refined fuels portfolio targeted at higher-performance engine requirements.

8Óleo Diesel (Diesel)
CategoryRefined fuel product
Description

Standard diesel fuel distributed by Petrobras for transportation and industrial markets.

9Gás Natural (Natural Gas)
CategoryNatural gas product
Description

Natural gas product distributed by Petrobras to industrial, commercial, and residential customers.

10Gás Natural Veicular (GNV)
CategoryVehicle fuel product
Description

Compressed natural gas product for use as vehicle fuel, distributed by Petrobras.

11Gás Liquefeito de Petróleo (GLP / LPG)
CategoryLiquefied petroleum gas product
Description

Liquefied petroleum gas distributed by Petrobras for residential, commercial, and industrial uses.

12Coque Verde de Petróleo (Green Petroleum Coke)
CategoryIndustrial byproduct
Description

Green petroleum coke produced as a refining byproduct and sold for industrial applications such as cement and aluminum production.

13Enxofre (Sulfur)
CategoryIndustrial byproduct
Description

Sulfur produced as a byproduct of oil and gas processing, sold for industrial and agricultural uses.

14Parafina (Paraffin)
CategoryIndustrial byproduct
Description

Paraffin wax produced from refining operations and sold for industrial and consumer applications.

15Óleos Básicos Lubrificantes (Lubricant Base Oils)
CategoryLubricants product
Description

Base oils for lubricant manufacturing, produced by Petrobras from refining operations.

16Óleos Combustíveis (Fuel Oils)
CategoryIndustrial fuel product
Description

Fuel oils sold by Petrobras for industrial boilers, marine, and power generation applications.

17Combustíveis Customizados (Customized Fuels)
CategorySpecialty fuel product
Description

Custom-formulated fuel products developed to meet specific customer or industrial requirements.

18CAP Convencional (Conventional Asphalt Cement)
CategoryAsphalt product
Description

Standard asphalt cement product for road paving sold by Petrobras.

19Raro
CategorySpecialty product
Description

Specialty product brand in Petrobras's portfolio.

20Tipos de Fertilizantes (Nitrogen Fertilizers)
CategoryFertilizer product
Description

Nitrogen and other fertilizers (urea, ammonia) produced at Petrobras facilities including Fafen-SE, Fafen-BA, and UFN-III, supporting Brazilian agribusiness; combined production target is to meet ~35% of Brazil's nitrogen fertilizer demand.

Scale indicator18 records

Each record includes

Type, Value, Description, Source

Partnership19 partners
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2026-06-23
Description

Petrobras and Pemex signed a non-binding Memorandum of Understanding valid for two years to explore strategic and technical cooperation in hydrocarbons. The agreement covers exploration and production, refining, petrochemicals, and lower-carbon fuel initiatives. Focus areas include mature field revitalization, deepwater and ultra-deepwater opportunities in the Gulf of Mexico, exchange of technical expertise, carbon capture, biofuel collaboration, and fertilizers. Signed in Rio de Janeiro by Petrobras President Magda Chambriard and Pemex CEO Juan Carlos Carpio.

Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2026-06-23
Description

Saipem signed a memorandum of understanding with Petrobras to evaluate and potentially develop integrated solutions for decommissioning activities in Brazil's oil and gas sector. The non-binding, one-year agreement covers plug and abandonment of wells and subsea decommissioning. Saipem is also merging with Subsea7 to create Saipem7 (approved by Brazil's Cade antitrust regulator), creating a global leader in energy services with approximately €21 billion in revenue. Petrobras had opposed this merger over market concentration concerns.

Strategic tierMinorTypeOthersAnnounced on2026-06-23
Description

Three firms selected to supply five million carbon credits to Petrobras and BNDES through Brazil's first public auction for Amazon forest restoration under the ProFloresta+ program. Systemica and brCarbon each won 2 million tonne CO2e lots at approximately $55 per tonne; re.green secured a 1 million tonne lot at $73.82 per tonne. 25-year contracts expected to mobilize roughly R$450 million ($87.5 million) in planting investments, create 6,300 jobs, and support planting of more than 25 million native trees. First public disclosure of ecological restoration carbon credit prices in Brazil.

4Estaleiro Rio Grande (shipyard)
Strategic tierCoreTypeOthersAnnounced on2026-06-23
Description

Estaleiro Rio Grande signed a $427 million contract with Transpetro (Petrobras subsidiary) for the construction of four medium-range (MR1-class) oil tankers, each with 40,000 gross tons capacity and capable of operating on biofuels such as ethanol. Part of Petrobras's Mar Aberto Program expanding fleet from 26 to 42 vessels by 2030. Vessels feature up to 20% fuel efficiency gains and 30% GHG emission reductions.

splash247.com
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2026-06-22
Description

Petrobras and BNDES signed a strategic partnership to conduct research on critical and strategic minerals linked to energy transition chains, with activities focused at Petrobras's research center CENPES. Collaboration enables exchange of information, analysis of productive capacity and technology gaps, and development of new initiatives in energy transition and oil and gas chains. BNDES also co-invests in carbon credit auctions (ProFloresta+) and provides Floresta Viva initiative funding (R$118 million joint investment).

Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2026-06-22
Description

Partnership manager for the Floresta Viva initiative, a matchfunding program with BNDES totaling R$118 million for financing reforestation projects. Petrobras launched 'Manguezais do Brasil' (R$47.3 million for 8 projects restoring 1,700+ hectares of mangroves) and 'Corredores de Biodiversidade' (R$42 million for up to 9 projects in Cerrado and Pantanal).

Strategic tierCoreTypeOthersAnnounced on2026-06-17
Description

Transocean extended its Deepwater Corcovado contract with Petrobras through November 2030, adding approximately $445 million in incremental backlog for the ultra-deepwater drilling rig. Petrobras extended three ultra-deepwater drillships with Transocean for approximately $845 million across two assets and $160 million on another. Total Transocean backlog stands at approximately $7.1 billion with 97.3% revenue efficiency.

Strategic tierCoreTypeOthersAnnounced on2026-06-11
Description

Hanwha Ocean built the FPSO P-79 at its South Korean shipyard in Geoje. FPSO reached the Búzios field in February 2026 and produced first oil on May 1, 2026. Design capacity of 180,000 barrels of oil per day and gas compression capacity of 7.2 million cubic meters per day. P-79 is the eighth of 12 units planned for the Búzios field. First oil offloading completed May 30, 2026, marking beginning of revenue generation.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-06-08
Description

IG4 Capital and Petrobras became co-controllers of Braskem, Latin America's largest petrochemical company, in June 2026. The deal was signed in April and ended years of failed sale attempts by former owner Novonor. IG4 is the largest shareholder; new management appointed including IG4 partner Helcio Tokeshi as CEO. Petrobras's Magda Chambriard appointed as board chair. Braskem has $9.4 billion in total debt and is pursuing out-of-court debt restructuring.

Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2026-05-28
Description

SBM Offshore signed contracts with Petrobras to design, build, and operate two FPSO vessels (SEAP-I P-81 and SEAP-II P-87) for the Sergipe-Alagoas deepwater basin offshore northeastern Brazil. Each FPSO has production capacity of 120,000 barrels of oil per day and 425 million standard cubic feet of associated gas per day. 6.5-year initial operating period under BOT model before transfer to Petrobras. Total project investment exceeds R$60 billion (~$12 billion). Delivery scheduled for 2030 and 2031 respectively.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2026-05-26
Description

Baker Hughes secured a major contract extension with Petrobras for integrated well construction services across Brazil's Santos Basin pre-salt offshore fields. The agreement deploys advanced technologies including the AutoTrak rotary steerable system, logging-while-drilling tools, and Dynamus extended-life drill bits for deepwater wells. Builds on a 2024 services award; expands scope of integrated drilling solutions in the region. Project executed jointly through Baker Hughes' Integration & Solutions team and Petrobras' wells team.

Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2026-05-26
Description

Petrobras is a partner in the ARGOS Joint Industry Project, alongside Equinor, TotalEnergies, Saft, and Taurob, developing the energy industry's first heavy-duty operator robot. Robot can lift heavy equipment and operate valves in temperatures from -20°C to 60°C, with deployment expected by end of 2026. Petrobras AI-based HSE tools have contributed to 30% reduction in safety incidents at ADNOC operations.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-05-21
Description

Petrobras completed acquisition of a 49.99% equity interest in Lightsource bp's Brazilian subsidiaries, establishing a strategic partnership in onshore renewable energy including energy storage. Features shared governance with equal board representation. Lightsource bp contributes assets including the 212 MWp Milagres solar PV plant and advanced-stage projects; Petrobras contributes its engineering, licensing, and regulatory expertise. Aligns with Petrobras's Business Plan 2026-2030 to expand solar power generation.

Strategic tierCoreTypeOthersAnnounced on2026-05-11
Description

Seadrill secured multiple drilling contract awards in Brazil including West Carina extending with Petrobras. Seadrill raised full-year 2026 guidance for total operating revenues to $1.43-$1.48 billion and Adjusted EBITDA to $370-$420 million, citing growing demand for deepwater rigs and renewed global focus on energy security. Petrobras extended three ultra-deepwater drillships with Transocean for approximately $845 million across two assets and $160 million on another.

Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2026-05-11
Description

Petrobras is in active talks with KazMunayGas on oil sector cooperation as part of a broader strategic partnership expansion between Kazakhstan and Brazil. Part of Brazilian Foreign Minister Mauro Vieira's official visit to Kazakhstan on May 11, 2026, marking 33 years of diplomatic relations. Memoranda of understanding signed between agriculture ministries and between Kazakh Invest and ApexBrasil. Targets $1 billion in bilateral trade volume.

Strategic tierCoreTypeOthersAnnounced on2026-05-06
Description

Norwegian DOF Group awarded contracts by Petrobras to build four ROV support vessels with total value close to $2 billion. The vessels will operate under 12-year charter and service contracts starting in 2030, supporting subsea inspection, maintenance, and repair activities in deepwater operations off Brazil. DP2 vessels will feature hybrid fuel propulsion and be constructed at Brazil's Navship yard, with first two delivered within four years.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2026-05-05
Description

SES, a Luxembourg-based space solutions company, will provide its O3b mPOWER medium-Earth orbit (MEO) satellite network to connect seven new Floating Production, Storage and Offloading (FPSO) systems operated by Petrobras in Brazil. FPSOs will enter operation between 2026 and 2030. High-throughput, low-latency MEO satellite network supports mission-critical offshore operations, digitalization needs, and operational resilience. Positions SES as key connectivity partner for energy operations in Brazil's deepwater market.

Strategic tierCoreTypeOthersAnnounced on2026-04-29
Description

Valaris secured a 1,064-day contract extension with Petrobras offshore Brazil for drillship VALARIS DS 4, expected to add approximately $447 million to its contract backlog. Total Valaris backlog now stands at approximately $4.9 billion, the highest level in nearly a decade. Valaris also announced an all-stock transaction with Transocean for $5.7 billion.

Strategic tierCoreTypeOthersAnnounced on2026-04-29
Description

Noble Corporation secured a 1,115-day extension for the Noble Courage drillship with Petrobras worth $339 million, plus a five-well contract for the Noble Deliverer with Woodside ($121 million). Total backlog to $7.5 billion. Petrobras was a key customer supporting Noble's $565 million in new contract value since January 2026.

Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight7 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

State-controlled integrated oil major and the world's largest hydrocarbon producer. Aramco is directly comparable as a national oil company with vertically integrated upstream, refining, and petrochemical operations, large-scale offshore development capability, and a government-aligned capex program targeting global market share.

TypeDirect peer
Description

Mexico's state-owned integrated oil company. Direct peer as a Latin American national oil major with both upstream and refining assets; Petrobras and Pemex signed a 2026 MOU covering E&P, refining, petrochemicals, and lower-carbon fuel cooperation in the Gulf of Mexico, indicating comparable strategic positioning.

TypeDirect peer
Description

China's state-owned offshore upstream specialist. CNOOC is a consortium partner in the Búzios field (alongside CNPC) and comparable as a deepwater-focused, state-controlled oil company with strong operational ties to Petrobras's pre-salt asset base.

TypeDirect peer
Description

China's largest integrated state oil company. Directly comparable to Petrobras as a state-controlled integrated oil major with upstream, refining, and petrochemical operations across multiple geographies, and a key buyer of Brazilian crude.

TypeDirect peer
Description

India's state-controlled integrated oil company. ONGC Videsh is exploring a $1.17B upstream investment in Brazil's BM-SEAL-4 block; comparable as a state-owned integrated peer pursuing cross-border upstream partnerships with Petrobras and competing for similar international resource opportunities.

TypeBroad incumbent
Description

Norway's state-controlled deepwater and low-carbon oil major. Comparable as a deepwater production specialist and a partner in the ARGOS autonomous robotics JIP with Petrobras, with similar portfolio focus on offshore E&P and emerging offshore wind and hydrogen ventures.

TypeBroad incumbent
Description

French integrated supermajor with deep offshore production and a significant LNG and renewables portfolio. TotalEnergies is a partner in the Búzios / Berbigão consortium (22.5%) and a co-developer in the ARGOS JIP, with comparable deepwater and energy transition exposure.

TypeBroad incumbent
Description

Global integrated supermajor with deep offshore production (notably pre-salt Brazil), integrated downstream, and an aggressive renewables and biofuels strategy. Shell holds 25% in the Berbigão/Sururu shared reservoirs alongside Petrobras, making it a directly comparable integrated major with overlapping assets in the same basin.

TypeBroad incumbent
Description

Largest US integrated supermajor with global upstream, refining, and petrochemical operations. Comparable to Petrobras as a global benchmark for capital intensity, deepwater execution, and integrated downstream scale, though operating under a different regulatory and governance model.

103R Petroleum
TypeRegional player
Description

Brazilian onshore and shallow-water upstream independent that has acquired multiple Petrobras-divested fields. Directly comparable as a Brazil-focused E&P operator pursuing the same asset class (post-salt redevelopments) in the same regulatory and fiscal environment as Petrobras.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment7 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile7 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI capability7 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature9 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance4 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds6 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors4 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Petrobras

Integrated Oil and Gaspetrobras.com.br

Petrobras is a vertically integrated Brazilian state-controlled oil and gas major operating across upstream pre-salt production, refining, natural gas, fertilizers, petrochemicals, and renewables, serving domestic fuel distributors, Asian refiners, and industrial buyers with Q1 2026 production of 3.23 million BOE/d.

What Petrobras does

Petrobras (Petróleo Brasileiro S.A.) is a vertically integrated Brazilian state-controlled energy company founded on October 3, 1953, headquartered in Rio de Janeiro, and listed on NYSE (PBR) and B3 (PETR3/PETR4) with the Brazilian federal government holding approximately 37% ownership. The company operates across the full energy value chain, from upstream exploration and production anchored in world-class pre-salt and ultra-deepwater assets (Q1 2026 record production of 3.23 million BOE/d, with pre-salt output of 2.66 million boed) through refining (1.816 million b/d at 95% utilization in Q1 2026, with March 2026 reaching 97.4%, the highest since December 2014), natural gas, petrochemicals (co-control of Braskem), fertilizers (reactivated Fafen-BA and Fafen-SE plants targeting 35% of national nitrogen demand), and increasingly renewable energy (49.99% stake in Lightsource bp Brazil). The technology backbone is CENPES, the largest research center in Latin America, which has produced proprietary innovations including HISEP subsea CO2 separation, closed-flare systems, 100% electrified offshore platforms, and the world's largest offshore CO2 reinjection program (67.8 million tonnes cumulative, 14.2 million tonnes in 2024).

Petrobras's revenue model spans crude oil exports (over 60% redirected to China as of 2026, with India as the second-largest buyer at ~290,000 bpd), domestic fuel distribution to licensed distributors and gas stations through the public precos.petrobras.com.br pricing portal, refined product sales, natural gas, fertilizers, B2B specialty products (Diesel R renewable diesel, SAF, Bunker VLS B24, CAP Pro asphalt), petrochemical interests, and contracted power capacity (2.6 GW, R$44 billion in fixed revenue). Distribution combines direct enterprise sales with Transpetro's coastal logistics fleet (expanding from 26 to 42 vessels by 2030 under the $6B Mar Aberto program), customer/supplier portals (Canal Cliente, Canal Fornecedor), and FPSO build-operate-transfer contracts with international partners (SBM Offshore for Sergipe SEAP-I and SEAP-II, Hanwha Ocean for P-79 at Búzios). Q1 2026 sales revenue reached $23.5 billion (up 11.7% YoY) with net profit of R$32.7 billion ($6.2B). The company is investing $109 billion over 2026-2030, with $78 billion for E&P, $13 billion for energy transition, and $4.3 billion for decarbonization.

Petrobras firmographics

Firmographics
Name
Petrobras
Legal name
Petróleo Brasileiro S.A. – Petrobras
Website
https://petrobras.com.br
Company type
Public
Founded year
1953
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Petrobras is a vertically integrated Brazilian state-controlled oil and gas major operating across upstream pre-salt production, refining, natural gas, fertilizers, petrochemicals, and renewables, serving domestic fuel distributors, Asian refiners, and industrial buyers with Q1 2026 production of 3.23 million BOE/d.
Ownership category
akta.pro rank

Petrobras industry classification

Industry
Product category
Integrated Oil and Gas
NAICS
Crude Petroleum Extraction (21112), Petrochemical Manufacturing (325110), Petroleum Refineries (32411), Petroleum Lubricating Oil and Grease Manufacturing (324191)
SIC
Crude Petroleum & Natural Gas (1311), Petroleum Refining (2911), Natural Gas Transmisison & Distribution (4923), Pipe Lines (No Natural Gas) (4610), Oil & Gas Field Services, Nec (1389)
akta.pro primary industry
Syngas & Hydrogen Feedstocks (SMR/ATR, Refinery/Petrochem H2) (EUALAHAE)
akta.pro secondary industries
Solid Biomass Fuel Storage, Handling & Terminal Operations (EUAAAJAF), Fuel Cell CHP (SOFC/PEM—Natural Gas/Biogas/Hydrogen) (EUACAKAG), Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD), Styrenics (Styrene Monomer, PS, EPS, ABS) (IMAEADAE), Polyesters & PET Chain (PTA, MEG, PET) (IMAEADAG)

Keywords

  • Oil and gas production
  • Crude oil refining
  • Natural gas distribution
  • Petrochemical manufacturing
  • Renewable energy generation

Where Petrobras is headquartered

Location

Headquarters

HQ city
Rio
HQ country
Brazil
HQ region
Latin America

Offices8 records

Markets served

Petrobras business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Infrastructure, Technology or R&D, Personnel, Supply Chain, Marketing or Sales

Revenue model

  1. Crude Oil Exports & Domestic Sales: Sales of crude oil produced from pre-salt and other basins. Q1 2026 record oil production of 3.23 million BOE/d, with pre-salt output of 2.66 million boed. Brazil has doubled oil exports to India (275,000 bpd) and increased shipments to China (record 1.43 million bpd in April). Petrobras redirected over 60% of exports to China while cutting US exports to zero during 2026 geopolitical tensions.
  2. Refined Petroleum Products (Refining): Sale of refined products including gasoline, diesel, jet fuel, marine fuels, lubricants, and other derivatives from Brazilian refineries. Q1 2026 refining output of 1.816 million b/d at 95% utilization rate. March 2026 refining utilization reached 97.4%, the highest since December 2014. Several refineries operated above 100% capacity in April-May 2026.
  3. Natural Gas Sales: Domestic sales of natural gas. Brazil's natural gas output hit an all-time high of 7.2 billion cubic feet per day in March 2026 (up 23.3% year-over-year). Sergipe Deepwater Project expected to increase Northeast Brazil's share of national gas supply from 16% to 31% by 2035.
  4. Fertilizers (Nitrogen and Urea): Production and sale of nitrogen and urea fertilizers. Reactivation of Fafen-BA (Bahia Fertilizer Plant) producing 1,300 tons of urea daily (5% of national nitrogen fertilizer demand). Fafen-SE resumed ammonia production in December 2025 and urea production in January 2026, producing 1,800 tons of urea per day (~7% of national demand). UFN-III in Três Lagoas resuming at ~R$5 billion investment. Goal to meet 35% of Brazil's national nitrogen fertilizer demand.
  5. Renewable Energy Generation: Onshore renewable energy generation through 49.99% equity interest in Lightsource bp's Brazilian subsidiaries (acquired May 2026), including the 212 MWp Milagres solar PV plant. Aligns with the Business Plan 2026–2030 to expand solar power generation. Petrobras contracted 2.6 GW of power capacity totaling R$44 billion in fixed revenue.
  6. Biofuel / Renewable Diesel and SAF: Investment of approximately US$1.2 billion for the RPBC Biorefining project at Presidente Bernardes Refinery in Cubatão to produce up to 15,000 bpd of bio-jet fuel (SAF) and renewable diesel. Construction begins end of 2026, operations scheduled for 2030. Diesel R has up to 90% lower GHG emissions vs fossil diesel.
  7. Petrochemical Interests (Braskem): Equity stake in Braskem, Latin America's largest petrochemical company. Petrobras became co-controller alongside IG4 Capital in June 2026 after a deal signed in April that ended years of failed sale attempts by former owner Novonor. Braskem faces $9.4 billion in total debt and is undergoing out-of-court debt restructuring.
  8. Sustainability-Linked Financing: Sustainability-linked loans tied to corporate KPIs related to greenhouse gas emissions and methane intensity. Signed a $1.25 billion sustainability-linked loan on 07/08/22 with Bank of China, MUFG, and The Bank of Nova Scotia, with maturity in July 2027, marking the company's first financing linked to sustainability targets.
  9. Carbon Credits (ProFloresta+): Carbon credit purchases through Brazil's first public auction for Amazon forest restoration under the ProFloresta+ program. Five million carbon credits acquired via three firms (Systemica, brCarbon, re.green) at approximately $55-$73.82 per tonne CO2e. 25-year contracts expected to mobilize roughly R$450 million ($87.5 million) in planting investments.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goGasoline price to distributors
OtherPay-as-you-goDiesel subsidy (government program)
OtherPay-as-you-goPublic fuel pricing portal

Go-to-market motion4 records

Distribution channels9 records

Marketing channels12 records

Petrobras product offering

Product offering

Core offering

Petrobras is a vertically integrated energy company that explores for and produces crude oil and natural gas (predominantly from Brazil's pre-salt basins), refines and markets petroleum products (gasoline, diesel, jet fuel, marine fuels, lubricants, asphalt, LPG), produces nitrogen fertilizers, operates a petrochemical interest in Braskem, and generates renewable energy through a Lightsource bp joint venture. The full value chain is supported by Transpetro's logistics network, the CENPES research center, and proprietary decarbonization technologies such as HISEP and the world's largest offshore CCUS reinjection program.

Product overview

Petrobras operates as a vertically integrated energy company rather than a single unified software product; its offering is a portfolio of branded fuels, renewable products, petrochemicals, and fertilizers (the consumer-facing 'products' array) supported by upstream exploration and production operations, refining, gas processing, logistics (Transpetro), and research at the Cenpes center. The core hydrocarbon-derived products (Gasolina, Gasolina Podium, Óleo Diesel, Diesel Podium, Gás Natural, Gás Natural Veicular, GLP, Óleos Combustíveis, Óleos Básicos Lubrificantes, Enxofre, Coque Verde de Petróleo, Parafina, CAP Convencional) sit alongside a growing low-carbon portfolio (Diesel R, SAF Petrobras, CAP Pro, Bunker VLS B24) developed through the BioRefino program. Fertilizers (Fafen-SE, Fafen-BA, UFN-III, Tipos de Fertilizantes) and operational programs (CCUS reinjection, Descomissionamento Offshore, Programa Petrobras Socioambiental, Combustíveis Customizados, Raro specialty products) complete the offering. This portfolio is sold through dedicated channels (preços.petrobras.com.br, canalcliente, canalfornecedor) and supported by proprietary systems including SIGEA® for emissions management and the Open Energy Data platform.

Differentiator

Problem solved

Functional benefit

Brands

  • Diesel R: Renewable diesel with up to 90% lower GHG emissions versus fossil diesel
  • SAF Petrobras
  • Bunker VLS B24
  • CAP Pro
  • Gasolina Podium
  • Diesel Podium
  • Coque Verde de Petróleo
  • Raro
  • Combustíveis Customizados

Products and services

  • Diesel R (Renewable Diesel) Renewable-content diesel with a renewable portion that emits up to 90% less greenhouse gases compared to fossil diesel; marketed as a drop-in fuel requiring no changes in logistics or storage.
  • SAF Petrobras (Sustainable Aviation Fuel) Sustainable aviation fuel combining conventional jet fuel with a renewable fraction produced via coprocessing at REDUC and REVAP refineries; a dedicated bio-jet fuel unit is under development.
  • CAP Pro (Low-Carbon Asphalt) Asphalt cement (CAP) incorporating recyclable material that reduces estimated installation emissions by up to 65% and improves working conditions, designed for road paving applications.
  • Bunker VLS B24 (Marine Fuel) Very-low-sulphur marine fuel oil containing 24% biodiesel, meeting ANP criteria and the European Renewable Energy Directive requirements for maritime use.
  • Gasolina (Gasoline) Standard gasoline product distributed by Petrobras, part of its core refined fuels portfolio.
  • Gasolina Podium Premium gasoline product in Petrobras's fuel lineup with enhanced performance characteristics.
  • Diesel Podium Premium diesel product in Petrobras's refined fuels portfolio targeted at higher-performance engine requirements.
  • Óleo Diesel (Diesel) Standard diesel fuel distributed by Petrobras for transportation and industrial markets.
  • Gás Natural (Natural Gas) Natural gas product distributed by Petrobras to industrial, commercial, and residential customers.
  • Gás Natural Veicular (GNV) Compressed natural gas product for use as vehicle fuel, distributed by Petrobras.
  • Gás Liquefeito de Petróleo (GLP / LPG) Liquefied petroleum gas distributed by Petrobras for residential, commercial, and industrial uses.
  • Coque Verde de Petróleo (Green Petroleum Coke) Green petroleum coke produced as a refining byproduct and sold for industrial applications such as cement and aluminum production.
  • Enxofre (Sulfur) Sulfur produced as a byproduct of oil and gas processing, sold for industrial and agricultural uses.
  • Parafina (Paraffin) Paraffin wax produced from refining operations and sold for industrial and consumer applications.
  • Óleos Básicos Lubrificantes (Lubricant Base Oils) Base oils for lubricant manufacturing, produced by Petrobras from refining operations.
  • Óleos Combustíveis (Fuel Oils) Fuel oils sold by Petrobras for industrial boilers, marine, and power generation applications.
  • Combustíveis Customizados (Customized Fuels) Custom-formulated fuel products developed to meet specific customer or industrial requirements.
  • CAP Convencional (Conventional Asphalt Cement) Standard asphalt cement product for road paving sold by Petrobras.
  • Raro Specialty product brand in Petrobras's portfolio.
  • Tipos de Fertilizantes (Nitrogen Fertilizers) Nitrogen and other fertilizers (urea, ammonia) produced at Petrobras facilities including Fafen-SE, Fafen-BA, and UFN-III, supporting Brazilian agribusiness; combined production target is to meet ~35% of Brazil's nitrogen fertilizer demand.

Quantifiable outcome

  • Record Q1 2026 production of 3.23 million BOE/d, up 16.1% year-on-year
  • +9 more outcomes

Companies that use Petrobras

Customer profile

Named customers5 records

Segments7 records

Ideal customer profiles7 records

Petrobras technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature9 records

Petrobras partnerships and signals

Strategic signal

Partnerships

19 partnerships are on record, tiered flagship, minor and core.

  • Pemex (Petróleos Mexicanos)flagshipStrategic or Co-development Partner · 23 June 2026Petrobras and Pemex signed a non-binding Memorandum of Understanding valid for two years to explore strategic and technical cooperation in hydrocarbons. The agreement covers exploration and production, refining, petrochemicals, and lower-carbon fuel initiatives. Focus areas include mature field revitalization, deepwater and ultra-deepwater opportunities in the Gulf of Mexico, exchange of technical expertise, carbon capture, biofuel collaboration, and fertilizers. Signed in Rio de Janeiro by Petrobras President Magda Chambriard and Pemex CEO Juan Carlos Carpio.
  • Saipem (Saipem7 merger with Subsea7)minorStrategic or Co-development Partner · 23 June 2026Saipem signed a memorandum of understanding with Petrobras to evaluate and potentially develop integrated solutions for decommissioning activities in Brazil's oil and gas sector. The non-binding, one-year agreement covers plug and abandonment of wells and subsea decommissioning. Saipem is also merging with Subsea7 to create Saipem7 (approved by Brazil's Cade antitrust regulator), creating a global leader in energy services with approximately €21 billion in revenue. Petrobras had opposed this merger over market concentration concerns.
  • Systemica, brCarbon, re.greenminorOthers · 23 June 2026Three firms selected to supply five million carbon credits to Petrobras and BNDES through Brazil's first public auction for Amazon forest restoration under the ProFloresta+ program. Systemica and brCarbon each won 2 million tonne CO2e lots at approximately $55 per tonne; re.green secured a 1 million tonne lot at $73.82 per tonne. 25-year contracts expected to mobilize roughly R$450 million ($87.5 million) in planting investments, create 6,300 jobs, and support planting of more than 25 million native trees. First public disclosure of ecological restoration carbon credit prices in Brazil.
  • Estaleiro Rio Grande (shipyard)coreOthers · 23 June 2026Estaleiro Rio Grande signed a $427 million contract with Transpetro (Petrobras subsidiary) for the construction of four medium-range (MR1-class) oil tankers, each with 40,000 gross tons capacity and capable of operating on biofuels such as ethanol. Part of Petrobras's Mar Aberto Program expanding fleet from 26 to 42 vessels by 2030. Vessels feature up to 20% fuel efficiency gains and 30% GHG emission reductions.
  • BNDES (Brazilian National Development Bank)flagshipStrategic or Co-development Partner · 22 June 2026Petrobras and BNDES signed a strategic partnership to conduct research on critical and strategic minerals linked to energy transition chains, with activities focused at Petrobras's research center CENPES. Collaboration enables exchange of information, analysis of productive capacity and technology gaps, and development of new initiatives in energy transition and oil and gas chains. BNDES also co-invests in carbon credit auctions (ProFloresta+) and provides Floresta Viva initiative funding (R$118 million joint investment).
  • FUNBIO (Brazilian Biodiversity Fund)minorStrategic or Co-development Partner · 22 June 2026Partnership manager for the Floresta Viva initiative, a matchfunding program with BNDES totaling R$118 million for financing reforestation projects. Petrobras launched 'Manguezais do Brasil' (R$47.3 million for 8 projects restoring 1,700+ hectares of mangroves) and 'Corredores de Biodiversidade' (R$42 million for up to 9 projects in Cerrado and Pantanal).
  • TransoceancoreOthers · 17 June 2026Transocean extended its Deepwater Corcovado contract with Petrobras through November 2030, adding approximately $445 million in incremental backlog for the ultra-deepwater drilling rig. Petrobras extended three ultra-deepwater drillships with Transocean for approximately $845 million across two assets and $160 million on another. Total Transocean backlog stands at approximately $7.1 billion with 97.3% revenue efficiency.
  • Hanwha Ocean (South Korean shipbuilder)coreOthers · 11 June 2026Hanwha Ocean built the FPSO P-79 at its South Korean shipyard in Geoje. FPSO reached the Búzios field in February 2026 and produced first oil on May 1, 2026. Design capacity of 180,000 barrels of oil per day and gas compression capacity of 7.2 million cubic meters per day. P-79 is the eighth of 12 units planned for the Búzios field. First oil offloading completed May 30, 2026, marking beginning of revenue generation.
  • IG4 CapitalcoreStrategic or Co-development Partner · 8 June 2026IG4 Capital and Petrobras became co-controllers of Braskem, Latin America's largest petrochemical company, in June 2026. The deal was signed in April and ended years of failed sale attempts by former owner Novonor. IG4 is the largest shareholder; new management appointed including IG4 partner Helcio Tokeshi as CEO. Petrobras's Magda Chambriard appointed as board chair. Braskem has $9.4 billion in total debt and is pursuing out-of-court debt restructuring.
  • SBM OffshoreflagshipStrategic or Co-development Partner · 28 May 2026SBM Offshore signed contracts with Petrobras to design, build, and operate two FPSO vessels (SEAP-I P-81 and SEAP-II P-87) for the Sergipe-Alagoas deepwater basin offshore northeastern Brazil. Each FPSO has production capacity of 120,000 barrels of oil per day and 425 million standard cubic feet of associated gas per day. 6.5-year initial operating period under BOT model before transfer to Petrobras. Total project investment exceeds R$60 billion (~$12 billion). Delivery scheduled for 2030 and 2031 respectively.
  • Baker HughescoreTechnology or Integration · 26 May 2026Baker Hughes secured a major contract extension with Petrobras for integrated well construction services across Brazil's Santos Basin pre-salt offshore fields. The agreement deploys advanced technologies including the AutoTrak rotary steerable system, logging-while-drilling tools, and Dynamus extended-life drill bits for deepwater wells. Builds on a 2024 services award; expands scope of integrated drilling solutions in the region. Project executed jointly through Baker Hughes' Integration & Solutions team and Petrobras' wells team.
  • ADNOC (UAE)minorStrategic or Co-development Partner · 26 May 2026Petrobras is a partner in the ARGOS Joint Industry Project, alongside Equinor, TotalEnergies, Saft, and Taurob, developing the energy industry's first heavy-duty operator robot. Robot can lift heavy equipment and operate valves in temperatures from -20°C to 60°C, with deployment expected by end of 2026. Petrobras AI-based HSE tools have contributed to 30% reduction in safety incidents at ADNOC operations.
  • Lightsource bpcoreStrategic or Co-development Partner · 21 May 2026Petrobras completed acquisition of a 49.99% equity interest in Lightsource bp's Brazilian subsidiaries, establishing a strategic partnership in onshore renewable energy including energy storage. Features shared governance with equal board representation. Lightsource bp contributes assets including the 212 MWp Milagres solar PV plant and advanced-stage projects; Petrobras contributes its engineering, licensing, and regulatory expertise. Aligns with Petrobras's Business Plan 2026-2030 to expand solar power generation.
  • SeadrillcoreOthers · 11 May 2026Seadrill secured multiple drilling contract awards in Brazil including West Carina extending with Petrobras. Seadrill raised full-year 2026 guidance for total operating revenues to $1.43-$1.48 billion and Adjusted EBITDA to $370-$420 million, citing growing demand for deepwater rigs and renewed global focus on energy security. Petrobras extended three ultra-deepwater drillships with Transocean for approximately $845 million across two assets and $160 million on another.
  • KazMunayGas (Kazakhstan)minorStrategic or Co-development Partner · 11 May 2026Petrobras is in active talks with KazMunayGas on oil sector cooperation as part of a broader strategic partnership expansion between Kazakhstan and Brazil. Part of Brazilian Foreign Minister Mauro Vieira's official visit to Kazakhstan on May 11, 2026, marking 33 years of diplomatic relations. Memoranda of understanding signed between agriculture ministries and between Kazakh Invest and ApexBrasil. Targets $1 billion in bilateral trade volume.
  • DOF GroupcoreOthers · 6 May 2026Norwegian DOF Group awarded contracts by Petrobras to build four ROV support vessels with total value close to $2 billion. The vessels will operate under 12-year charter and service contracts starting in 2030, supporting subsea inspection, maintenance, and repair activities in deepwater operations off Brazil. DP2 vessels will feature hybrid fuel propulsion and be constructed at Brazil's Navship yard, with first two delivered within four years.
  • SES (Société Européenne des Satellites)coreTechnology or Integration · 5 May 2026SES, a Luxembourg-based space solutions company, will provide its O3b mPOWER medium-Earth orbit (MEO) satellite network to connect seven new Floating Production, Storage and Offloading (FPSO) systems operated by Petrobras in Brazil. FPSOs will enter operation between 2026 and 2030. High-throughput, low-latency MEO satellite network supports mission-critical offshore operations, digitalization needs, and operational resilience. Positions SES as key connectivity partner for energy operations in Brazil's deepwater market.
  • ValariscoreOthers · 29 April 2026Valaris secured a 1,064-day contract extension with Petrobras offshore Brazil for drillship VALARIS DS 4, expected to add approximately $447 million to its contract backlog. Total Valaris backlog now stands at approximately $4.9 billion, the highest level in nearly a decade. Valaris also announced an all-stock transaction with Transocean for $5.7 billion.
  • Noble CorporationcoreOthers · 29 April 2026Noble Corporation secured a 1,115-day extension for the Noble Courage drillship with Petrobras worth $339 million, plus a five-well contract for the Noble Deliverer with Woodside ($121 million). Total backlog to $7.5 billion. Petrobras was a key customer supporting Noble's $565 million in new contract value since January 2026.

Scale indicators18 records

Recent moves9 records

Expansion highlights7 records

Petrobras competitors and assessment

Company assessment

Direct peers

  • Saudi Aramco: State-controlled integrated oil major and the world's largest hydrocarbon producer. Aramco is directly comparable as a national oil company with vertically integrated upstream, refining, and petrochemical operations, large-scale offshore development capability, and a government-aligned capex program targeting global market share.
  • Pemex: Mexico's state-owned integrated oil company. Direct peer as a Latin American national oil major with both upstream and refining assets; Petrobras and Pemex signed a 2026 MOU covering E&P, refining, petrochemicals, and lower-carbon fuel cooperation in the Gulf of Mexico, indicating comparable strategic positioning.
  • CNOOC: China's state-owned offshore upstream specialist. CNOOC is a consortium partner in the Búzios field (alongside CNPC) and comparable as a deepwater-focused, state-controlled oil company with strong operational ties to Petrobras's pre-salt asset base.
  • PetroChina: China's largest integrated state oil company. Directly comparable to Petrobras as a state-controlled integrated oil major with upstream, refining, and petrochemical operations across multiple geographies, and a key buyer of Brazilian crude.
  • ONGC: India's state-controlled integrated oil company. ONGC Videsh is exploring a $1.17B upstream investment in Brazil's BM-SEAL-4 block; comparable as a state-owned integrated peer pursuing cross-border upstream partnerships with Petrobras and competing for similar international resource opportunities.

Broad incumbents

  • Equinor: Norway's state-controlled deepwater and low-carbon oil major. Comparable as a deepwater production specialist and a partner in the ARGOS autonomous robotics JIP with Petrobras, with similar portfolio focus on offshore E&P and emerging offshore wind and hydrogen ventures.
  • TotalEnergies: French integrated supermajor with deep offshore production and a significant LNG and renewables portfolio. TotalEnergies is a partner in the Búzios / Berbigão consortium (22.5%) and a co-developer in the ARGOS JIP, with comparable deepwater and energy transition exposure.
  • Shell: Global integrated supermajor with deep offshore production (notably pre-salt Brazil), integrated downstream, and an aggressive renewables and biofuels strategy. Shell holds 25% in the Berbigão/Sururu shared reservoirs alongside Petrobras, making it a directly comparable integrated major with overlapping assets in the same basin.
  • ExxonMobil: Largest US integrated supermajor with global upstream, refining, and petrochemical operations. Comparable to Petrobras as a global benchmark for capital intensity, deepwater execution, and integrated downstream scale, though operating under a different regulatory and governance model.

Regional players

  • 3R Petroleum: Brazilian onshore and shallow-water upstream independent that has acquired multiple Petrobras-divested fields. Directly comparable as a Brazil-focused E&P operator pursuing the same asset class (post-salt redevelopments) in the same regulatory and fiscal environment as Petrobras.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Petrobras social profiles

Digital presence

Petrobras compliance and trust

Trust signal

Compliance4 records

Petrobras financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Petrobras leadership team

Management profile

Number of profiles

Profiles4 records

Petrobras subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Petrobras funding detail

Funding detail

Funding overview

Funding rounds6 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Petrobras M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petrobras

What does Petrobras do?

Petrobras is a vertically integrated energy company that explores for and produces crude oil and natural gas (predominantly from Brazil's pre-salt basins), refines and markets petroleum products (gasoline, diesel, jet fuel, marine fuels, lubricants, asphalt, LPG), produces nitrogen fertilizers, operates a petrochemical interest in Braskem, and generates renewable energy through a Lightsource bp joint venture. The full value chain is supported by Transpetro's logistics network, the CENPES research center, and proprietary decarbonization technologies such as HISEP and the world's largest offshore CCUS reinjection program.

Is Petrobras a public or private company?

Petrobras is a public company. It is classified as public and is currently operating.

When was Petrobras founded?

Petrobras was founded in 1953. It employs 5,001 to 10,000 people.

Where is Petrobras based?

Petrobras is headquartered in Rio, Brazil, in the Latin America region.

How does Petrobras make money?

Nine revenue lines are on record. Crude Oil Exports & Domestic Sales are the primary driver. The others are refined Petroleum Products (Refining), natural Gas Sales, fertilizers (Nitrogen and Urea), renewable Energy Generation, biofuel / Renewable Diesel and SAF, petrochemical Interests (Braskem), sustainability-Linked Financing and carbon Credits (ProFloresta+).

Who are Petrobras's main competitors?

Direct peers on record are Saudi Aramco, Pemex, CNOOC, PetroChina and ONGC. Broad incumbents are Equinor, TotalEnergies, Shell and ExxonMobil. 3R Petroleum is listed as a regional player.

Does Petrobras have an API?

No public API is recorded for Petrobras.

What industry is Petrobras in?

Petrobras's product category is Integrated Oil and Gas. Its primary akta.pro industry code is EUALAHAE, Syngas & Hydrogen Feedstocks (SMR/ATR, Refinery/Petrochem H2), with a secondary code of EUAAAJAF, Solid Biomass Fuel Storage, Handling & Terminal Operations. Its NAICS code is 21112 and its SIC code is 1311.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
FolhaPainel S.A.: Empresas importam 9,6 bilhões de litros de diesel entre janeiro e agostoBrazilian distributors imported 9.6 billion liters of diesel between January and August 2026, according to ANP data. Petrobras supplied 28% of imports, while Ipiranga led with 14.3%, and about one-third of domestic diesel consumption came from abroad.FolhaPetrobras lidera leilões de áreas de petróleo e garante R$ 3,2 bilhões ao governoPetrobras won 21 blocks in two oil exploration auctions, paying R$3.2 billion, while the government collected R$3.5 billion. The company focused on post-salt areas, including 19 blocks in the Campos basin, with a 21,025% premium on one block. The ANP said the auction expanded exploration and attracted new companies.FolhaPetrobras lidera leilões de áreas de petróleo e garante R$ 3,2 bilhões ao governoPetrobras won 21 oil exploration blocks in two auctions on Wednesday, paying R$3.2 billion, while the government collected R$3.5 billion total. The company focused on post-salt areas, including 19 blocks in the Campos basin, with a 21,025% premium on one block. The auction marked the largest package since 2022.InfoMoneyCom lances de quase R$3 bi, Petrobras arremata 12 blocos na Bacia de CamposPetrobras won 12 exploratory blocks in the Campos Basin during an ANP auction, bidding about R$2.97 billion in bonuses. The company led the bidding, with five blocks contested against a TotalEnergies and QatarEnergy consortium. The auction raised over R$3 billion, with Petrobras accounting for nearly all of it.ReutersCom lances de quase R$3 bi, Petrobras arremata 12 blocos na Bacia de CamposPetrobras won 12 exploration blocks in the Campos Basin during an ANP auction, offering a total bonus of about R$2.97 billion. The company outbid a TotalEnergies-QatarEnergy consortium in five blocks, and its bids accounted for nearly all of the government's R$3 billion-plus revenue.CNBCBrazil is having its Argentina moment. How to play itBrazil's October 4 presidential election saw Flávio Bolsonaro win 47% of the vote, lifting the Ibovespa and EWZ ETF. Petrobras, Brazil's state oil major, rose on the result, and the author plans a 2% allocation to it. The stock trades at 4x forward earnings with a 5% yield.BloombergBrazil Independent PRIO Joins Majors to Take Deep-Water Oil BlocksBrazil awarded more than half of its deep-water oil blocks off the southeastern coast to independent PRIO SA and majors like Petrobras and Equinor. Chinese majors CNOOC and Sinopec won a block without local partners, while seven of 13 blocks drew only one bid each.InfoMoneyLeilão do pré-sal arrecada R$ 530 mi em bônus e Petrobras leva 2 blocosThe ANP auctioned seven of 13 pre-salt blocks, raising R$530.4 million in bonuses with minimum investments of R$778 million. Petrobras won two blocks, while foreign firms participated. No blocks had bidding disputes.FolhaPetrobras, Prio, Equinor e chinesas arrematam blocos de exploração de pré-sal em leilão com pouca disputaBrazil's government awarded seven pre-salt exploration blocks in a low-dispute auction, with Petrobras, Prio, Equinor, and a Chinese consortium winning. The signing bonus totaled R$503.4 million, and the ANP will auction 313 non-pre-salt blocks later. Legal challenges and climate concerns were raised.TrendTechnipFMC to supply flexible flowlines for Petrobras’ pre-salt fieldsTechnipFMC secured a subsea contract from Petrobras to supply flexible flowlines for pre-salt fields offshore Brazil. The contract, valued between $75 million and $250 million, is part of the company's third-quarter 2026 inbound orders. The award underscores Petrobras' confidence in TechnipFMC's execution capabilities.