Petrobras

Petrobras, short for Petróleo Brasileiro S.A., is a state-controlled oil and gas company based in Brazil. Established in 1953, it is one of the largest companies in Latin America and plays a significant role in Brazil’s economy. Petrobras is primarily involved in the exploration, production, refining, and distribution of oil and natural gas, as well as the production of biofuels and other energy-related activities. The company is known for its deep-water and ultra-deep-water oil exploration, particularly in the pre-salt layer offshore Brazil. Petrobras also engages in petrochemical activities and has operations in various countries, making it a key player in the global energy market. Its governance structure includes a significant level of government oversight, reflecting its status as a strategic national asset.