Petrobras
Oil and gas · Brazil
Petrobras is Brazil’s state-controlled oil company: it pumps about 3 million barrels of oil and gas a day, mostly from the deep-water pre-salt fields off Rio and São Paulo, refines most of Brazil’s fuel in its 10 refineries and exports surplus crude, chiefly to Asia.
What makes it different
Most of its oil lies under a salt layer.
82%Pre-salt share of productionFY2025
Deep-water pre-salt fields give Petrobras very low-cost barrels that now make up most of its output.
How big it is
How big is Petrobras?
2.99MOil and gas production, boe/dFY2025
43,199Employees2025
R$497.5BSales revenuesFY2025
How it makes money FY2025
Diesel and crude exports lead.
- Diesel33%R$149.9B
- Exports32%R$142.3B
- Gasoline15%R$68.8B
- Jet fuel6%R$24.7B
- Other14%
How the business works
Pump pre-salt oil, refine for Brazil, export the rest.
- 1Deep-water pre-salt oil
- 2Diesel and gasoline for Brazil
- 3Surplus crude abroad
Pre-salt barrels cost about US$4 to lift, so Petrobras profits even when oil prices drop.
Who owns it
- Brazilian federal government29.02%
- BNDESPar6.98%
- Board, executives and fiscal council1.73%
CEO: Magda Maria de Regina Chambriard
Who it competes with
Key moments
- 1953Law No. 2,004 creates Petrobras
- 1974Campos Basin discovered
- 2007Pre-salt discovery announced
- 2010Transfer of Rights deal with the federal government
- 2014Lava Jato corruption investigation
Sources
Every number on this page comes from Petrobras's own reports.
Full profile
The rest of the story is in the app.
What Petrobras tracks14 metrics
Oil and gas production, boe/d
Oil production, bbl/d
Pre-salt share of production
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
Where the money comes from3 regions
Brazil (domestic market)
Exports
Sales abroad
The full timeline21 moments
2023
2025
2026
Petrobras vs Shellside by side
Revenue
Profit
People
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