Petroleo Brasileiro SA - Company Profile
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Business Description
Petroleo Brasileiro SA (Petrobras), is an integrated oil and gas company that carries out upstream and downstream operations. The company has interests in the exploration, development, and production of oil and gas; refining, transport of fuel, biofuel, petrochemical, and electricity businesses.
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R&D Overview
Research and development (R&D) is a vital focus area for Petrobras, as the company actively invests in innovation and technological advancements. With structured innovation teams, such as Value Streams, Process Robotization and Digitalization, and R&D&I, Petrobras leverages expertise and cutting-edge technology to drive value and deliver results. The company's commitment to R&D is evident through its research and development center, CENPES, and the investment of significant resources in digital technologies. Petrobras' R&D efforts support market diversification initiatives in the energy transition context, while its patent portfolio demonstrates a commitment to protecting intellectual property. Additionally, the Safety Innovation Lab teams contribute to enhancing safety measures and reducing risks through the development and deployment of innovative software and hardware solutions. As of December 2022, the company had 1,218 patent applications under review, with 478 filed in Brazil and 740 filed abroad across 45 countries. In FY2022, it spent BRL4,087 million on R&D, which was 0.6% of its revenue and increased 34.8% YoY.
Business Segments
- Exploration and Production
- Gas and Power
- Refining, Transportation & Marketing
- Corporate and Other Business
Overview
Exploration and Production assets include conventional and unconventional properties. It has assets in Brazil, Bolivia, Argentina, Colombia, the US, Mexico, and Nigeria. Petrobras focuses on the development of offshore basins in Brazil including Campos, and Santos and it also holds exploration acreage in 16 other basins. Considers maximizing its value by focusing on deep and ultra-deep waters, seeking operational efficiency, recovery factor optimization, and partnerships as its major growth drivers.
Performance
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Overview
Includes logistic and trading of natural gas and electricity, transportation and trading of LNG (liquefied natural gas), generation and electricity by means of thermoelectric power plants. It holds interests in transporters and distributors of natural gas in Brazil and abroad; and natural gas processing and fertilizers production. Views optimizing thermoelectric portfolio by focusing on self-consumption and trading of its own gas and acting competitively in the trading of its own gas as its major growth drivers.
Performance
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Overview
Includes crude oil refining, logistics, transportation, acquisition and export activities, as well as the purchase and sale of petroleum and ethanol products in Brazil and abroad. Assets include refineries, pipelines, storage terminals, tank farms, vessels, and petrochemical facilities. It also includes investments in companies in the petrochemical sector, shale exploration and processing. Views operating competitively in refining, logistics and oil products trading activities with focus on Southeastern operations and operating competitively in global oil trading as its major growth driver.
Performance
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Performance
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Geographical Segments
- Americas (except United States of America)
- Asia (except China and Singapore)
- Brazil
- China
- Europe
- Others
- Singapore
- United States of America
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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