What does PETROBRAS do?

Petróleo Brasileiro S.A. (Petrobras) is a leading Brazilian multinational oil and gas corporation, established in 1953 and headquartered in Rio de Janeiro. As the largest company in Brazil and South America, Petrobras plays a significant role in the oil and gas industry, focusing on exploration, production, refining, and distribution. The company has a strong emphasis on offshore deepwater and pre-salt reserves, producing over 2.5 million barrels of oil equivalent daily. Petrobras operates 15 refineries with a capacity of 2.3 million barrels per day and manages 134 production platforms along with approximately 8,600 service stations in Brazil and internationally. The company has expanded its operations to over 25 countries, forming partnerships with both domestic and foreign firms. With a commitment to advanced technologies and deep-sea drilling expertise, Petrobras has positioned itself as a key player in the global energy market. In 2013, it reported sales revenue of $141.5 billion.