Petroleo Brasileiro SA - Company Profile

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Petroleo Brasileiro SA: Segment Analysis

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Business Description

Petroleo Brasileiro SA (Petrobras) is a Brazilian multinational corporation primarily engaged in the exploration, production, refining, and transportation of petroleum and its byproducts. The company also invests in various energy-related industries such as biofuels and fertilizers.

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R&D Overview

Petroleo has undertaken various R&D initiatives focused on developing technologies for oil and gas exploration and energy transition. Key projects include optimizing investments while reducing costs and uncertainties, enhancing efficiency and operational safety in production development, incorporating artificial intelligence into operations, and supporting the energy transition with products that have a reduced carbon footprint. The company has also launched an open innovation program, "Connections for Innovation," to accelerate technological development and strengthen partnerships. The company's R&D activities are managed by the Research, Development and Innovation Center (CENPES), which oversees the RD&I project portfolio and the development of technological solutions to support the company's Strategic Plan. CENPES is responsible for defining the RD&I portfolio based on business needs and strategic deployment, ensuring operational efficiency and resource optimization. As of December 31, 2025, the company had 1,690 patent applications under review and 1,448 granted patents across 49 countries. The open innovation program has resulted in over 350 new agreements in 2025 alone, surpassing the US$ 1.1 billion mark in partnerships over six years. In FY2025, the company spent BRL4,814 million on R&D, which grew 12.5% YoY.

Business Segments

Overview

Focuses on the exploration, development, and production of crude oil, natural gas liquids (NGL), and natural gas in Brazil and abroad. Petrobras focuses on the development of offshore basins in Brazil including Campos, and Santos and it also holds exploration acreage in 15 other basins.

Performance

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Overview

Involves trading natural gas, electricity, and LNG, generating electricity via thermoelectric plants, and processing natural gas. It also includes renewable energy, low carbon services, and biodiesel production. It serves energy and utility industries.

Performance

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Overview

Involves refining, logistics, transport, acquisition, and export of crude oil, as well as trading oil products in Brazil and abroad. It includes petrochemical operations and fertilizer production and trading.

Performance

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Overview

Includes items that cannot be attributed to specific business segments, focusing on corporate financial management, trade and receivables, credit losses, derivatives, corporate overhead, and expenses related to pension and health care plans. It also involves the distribution of oil products abroad, particularly in South America.

Performance

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