Brazilian National Oil Company
Country： Brazil Type： business
Tag： Oil natural gas energy
English Websites： https://www.petrobras.com.br/ Enter The Website
We are a listed company operating in a comprehensive and professional manner in the oil, gas, and energy industries. After decades of development in the Brazilian basin, particularly in deepwater and ultra deepwater fields, we have expertise in exploration and production, making us a world leader in this field.
Our business goes beyond the scope of oil fields and the extraction of oil and gas. This involves a lengthy process as we transport oil and natural gas to our refineries and natural gas processing facilities, which must be equipped and continuously developed to provide the best products. Low cost operation and low-carbon emissions are our top priorities, which contribute to our commitment to transforming society towards sustainable development.
Equity composition
We are a mixed economy company controlled by the union.
- Control group
We are controlled by the federal government, and as of March 31, 2023, the federal government directly holds 50.26% of our common stock and 28.67% of our total share capital. The federal government also indirectly holds 18.48% of our preferred shares and 7.94% of our total share capital through the following shareholders: Banco Nacional de Desenvolvimento Econ ô mico e Social (BNDES) and BNDES Participa çõ es SA (BNDESPAR). We currently do not have a shareholder agreement.
- Brazilian investors
Brazilians can trade Petrobras stocks on the Brazilian Stock Exchange B3, with the common stock code PETR3 and the preferred stock code PETR4. Transactions can be conducted directly or through investment funds. The individual's shareholding composition also includes shares obtained by transferring FGTS resources to one of our joint privatization funds (FMP).
- Non Brazilian investors
Foreign investors, whether residing in Brazil or not, can also become shareholders of our company by purchasing stocks on the New York or Buenos Aires stock exchanges. All non Brazilian investors, whether individuals or legal entities, have the right to purchase our common or preferred shares.