Petrobras Overview
Petrobras is Brazil integrated oil and gas champion, with operations across exploration, production, refining, transportation, marketing, gas, and low-carbon energy. FY2025 sales revenues were $89.195 billion, and net income attributable to Petrobras shareholders was $19.634 billion. The company employed 50,687 people including subsidiaries as of December 31, 2025. Petrobras trades on the NYSE through PBR ADRs and is led by CEO Magda Chambriard.
How Petrobras Makes Money
Petrobras makes money from oil and natural gas exploration and production, crude exports, refining and domestic fuel sales, transportation and marketing, natural gas, power, and low-carbon energy initiatives. The upstream pre-salt portfolio provides the strongest economics, while refining and domestic pricing expose the company to Brazilian policy tradeoffs.
Petrobras Financials
Petrobras reported $89.195 billion of FY2025 sales revenues, compared with $91.416 billion in FY2024 and $102.409 billion in FY2023. Net income attributable to Petrobras shareholders was $19.634 billion in FY2025, compared with $7.528 billion in FY2024. The company reported 50,687 employees including subsidiaries at December 31, 2025.
Competitive Position
Petrobras competes with global oil majors and national energy companies, including Shell, TotalEnergies, Equinor, Chevron, BP, ExxonMobil, and Chinese state-linked partners in deepwater projects. Its most defensible edge is Brazilian pre-salt operating knowledge, but competitors can challenge it in capital discipline, governance, and global project diversification.
