Petróleo Brasileiro S.A. - Petrobras (PBR) Bundle
A Brief History of Petróleo Brasileiro S.A. - Petrobras (PBR)
Company Overview
Petrobras is a Brazilian multinational oil and gas corporation headquartered in Rio de Janeiro. As of 2024, the company has the following key financial metrics:
| Financial Metric | Value |
|---|---|
| Market Capitalization | $80.3 billion |
| Annual Revenue (2023) | $107.8 billion |
| Net Income (2023) | $22.5 billion |
| Total Assets | $183.6 billion |
Operational Capabilities
Petrobras maintains significant operational capabilities:
- Daily Oil Production: 2.8 million barrels
- Number of Offshore Platforms: 113
- Operational Presence in 14 countries
- Refining Capacity: 2.2 million barrels per day
Ownership Structure
As of 2024, Petrobras has the following ownership composition:
| Shareholder Category | Percentage |
|---|---|
| Brazilian Government | 50.26% |
| Institutional Investors | 35.44% |
| Foreign Investors | 12.35% |
| Retail Investors | 1.95% |
Stock Performance
Petrobras stock (PBR) performance details:
- Current Stock Price: $14.75
- 52-Week High: $16.89
- 52-Week Low: $11.23
- Dividend Yield: 8.3%
Environmental Investments
Petrobras has committed significant resources to sustainability:
- Annual Environmental Investment: $1.2 billion
- Carbon Emission Reduction Target: 25% by 2030
- Renewable Energy Projects: 6 major initiatives
Who Owns Petróleo Brasileiro S.A. - Petrobras (PBR)
Ownership Structure
As of 2024, Petrobras has a complex ownership structure with multiple shareholders.
| Shareholder Category | Percentage of Ownership |
|---|---|
| Brazilian Federal Government | 50.26% |
| BNDES (Brazilian Development Bank) | 3.21% |
| Minority Shareholders | 46.53% |
Major Institutional Shareholders
- BlackRock Inc.: 3.82%
- Vanguard Group Inc.: 3.41%
- Capital Research and Management Company: 2.93%
Stock Exchange Listings
Primary Listings:
- B3 (Brazil Stock Exchange): Ticker PETR3/PETR4
- New York Stock Exchange (NYSE): Ticker PBR
Ownership Restrictions
Brazilian law limits foreign ownership to a maximum of 30% in strategic energy companies.
| Shareholder Type | Maximum Ownership Limit |
|---|---|
| Foreign Investors | 30% |
| Brazilian Government | 50.26% |
Petróleo Brasileiro S.A. - Petrobras (PBR) Mission Statement
Corporate Mission Overview
Petrobras operates as Brazil's primary integrated energy company, focused on exploration, production, refining, and distribution of oil and gas.
Strategic Objectives
- Generate value for shareholders
- Ensure energy security for Brazil
- Maintain leadership in deep and ultra-deep water oil production
Financial Performance Metrics
| Financial Indicator | 2023 Value |
|---|---|
| Net Income | $20.9 billion |
| Total Revenue | $94.3 billion |
| EBITDA | $36.8 billion |
| Total Assets | $146.7 billion |
Production Capabilities
| Production Metric | 2023 Performance |
|---|---|
| Daily Oil Production | 2.95 million barrels |
| Natural Gas Production | 126.4 million m³/day |
Operational Segments
- Upstream Exploration and Production
- Downstream Refining and Distribution
- Gas and Power
- Biofuels
Global Market Position
Largest integrated oil company in Brazil with significant international operations.
How Petróleo Brasileiro S.A. - Petrobras (PBR) Works
Company Overview
Petrobras is a Brazilian multinational oil and gas corporation headquartered in Rio de Janeiro. As of 2024, the company is primarily state-controlled, with the Brazilian government holding a 50.26% ownership stake.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $89.5 billion |
| Net Income | $25.7 billion |
| Market Capitalization | $83.6 billion |
| Total Assets | $146.3 billion |
Operational Segments
- Exploration and Production
- Refining and Petrochemicals
- Gas and Power
- Distribution
Production Statistics
| Production Metric | 2023 Value |
|---|---|
| Total Oil Production | 2.77 million barrels per day |
| Pre-Salt Production | 1.38 million barrels per day |
| Natural Gas Production | 122,000 barrels per day |
Global Presence
Petrobras operates in 13 countries across multiple continents, with significant exploration and production activities in Brazil, Africa, and South America.
Key Operational Assets
- 16 refineries in Brazil
- 8 production platforms
- 4 petrochemical complexes
- Extensive pipeline network spanning 14,000 kilometers
Research and Development
Petrobras invests approximately $1.2 billion annually in research and technology development, focusing on deep-water and pre-salt exploration technologies.
Environmental Commitments
The company has committed to reducing greenhouse gas emissions by 25% by 2030 and targeting carbon neutrality by 2050.
How Petróleo Brasileiro S.A. - Petrobras (PBR) Makes Money
Revenue Streams
Petrobras generates revenue through multiple business segments:
| Business Segment | Annual Revenue (2023) |
|---|---|
| Upstream (Exploration & Production) | $48.7 billion |
| Refining & Logistics | $37.2 billion |
| Gas & Power | $12.5 billion |
| Biofuels | $3.8 billion |
Oil Production
Petrobras produces approximately 2.8 million barrels of oil equivalent per day in 2023.
- Pre-salt production: 1.5 million barrels per day
- Domestic production: 95% of total production
- Export markets: United States, China, Singapore
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Net Income | $27.6 billion |
| EBITDA | $55.3 billion |
| Total Assets | $239 billion |
| Market Capitalization | $87.5 billion |
Key Production Assets
- Total offshore production platforms: 37
- Refineries: 13 in Brazil
- Total storage capacity: 2.4 million cubic meters
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