PetroRio SA (PetroRio) is an oil and gas company. It provides investment and recovery of oil production assets. The company carries out the development of solid growth platforms aiming to generate value for its shareholders by increasing its production through the acquisition of production assets. PetroRio operates several oil blocks South of the Campos Basin, in Rio de Janeiro and also operates the Polvo Field. The company also provides acquisition of assets, efficient management, cost reduction, project optimization, positioning, and other programs. It operates reserves for natural gas. PetroRio is headquartered in Rio de Janeiro, Brazil.
Headquarters
Brazil
Address
Praia De Botafogo, 370,1 Pavimento, Botafogo, Rio De Janeiro, 22.250-040
Website
www.petroriosa.com.br
Telephone
55 21 37213800
No of Employees
90
Industry
Energy and Utilities
Ticker Symbol & Exchange
PRIO3 (SAO)
Revenue (2021)
$814.9M
130.9%
(2021 vs 2020)
EPS
XXX
Net Income (2021)
XXX
194.4%
(2021 vs 2020)
Market Cap*
$4.6B
Net Profit Margin (2021)
XXX
27.5%
(2021 vs 2020)
* As of and is in US$
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Products and Services
| Products | Services |
|---|---|
| Crude Oil | Acquisition of Assets |
| Natural Gas | Efficient Management |
| Cost Reduction | |
| XXX | |
| XXX | |
| XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Plans/Strategy | In April, the company announced its plans to buy Albacora field from Petrobras. |
| 2022 | Regulatory Approval | In April, the company announced the Brazilian Institute of the Environment and Natural Renewable Resources granted the operating license for the drilling of new wells in the Frade Field. |
| 2021 | Acquisitions/Mergers/Takeovers | In November, the company agreed to acquire 100% stake in Catua deep-water field in the Campos basin from Petrobras, a petroleum industry company. |
Competitor Comparison
| Key Parameters | PetroRio SA | Petroleo Brasileiro SA | Enauta Participacoes SA | Oleo e Gas Participacoes SA | Organizacao Nacional da Industria do Petroleo |
|---|---|---|---|---|---|
| Headquarters | Brazil | Brazil | Brazil | Brazil | Brazil |
| City | Rio De Janeiro | Rio De Janeiro | Rio De Janeiro | Rio De Janeiro | Centro |
| State/Province | - | - | - | - | Rio de Janeiro |
| No. of Employees | 90 | 45,532 | 123 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Operating Margin
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Nelson Queiroz | Chairman | Executive Board | - | - |
| Emiliano Gomes | Vice Chairman | Executive Board | - | - |
| Roberto Monteiro | Chief Executive Officer; Director | Executive Board | - | - |
| Milton Salgado Rangel Neto | Chief Financial Officer | Senior Management | - | - |
| Felipe Bueno Da Silva | Director | Non Executive Board | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
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