Company DescriptionPetróleo Brasileiro S.A. - Petrobras explores for, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries. The Refining, Transportation and Marketing segment engages in the refining, logistics, transport, marketing, and trading of crude oil and oil products; exportation of ethanol; and extraction and processing of shale, as well as holding interests in petrochemical companies. The Gas and Power segment is involved in the logistic and trading of natural gas and electricity; transportation and trading of LNG; generation of electricity through thermoelectric power plants; holding interests in transportation and distribution of natural gas; and fertilizer production and natural gas processing business. The Corporate and Other Businesses segment produces biodiesel and its co-products, and ethanol; and distributes oil products. Petróleo Brasileiro S.A. - Petrobras was incorporated in 1953 and is headquartered in Rio de Janeiro, Brazil.
How the Company Makes MoneyPetrobras primarily generates revenue through the exploration, production, and sale of crude oil and natural gas. The company is heavily involved in the upstream segment, where it explores and extracts oil and gas from reserves, particularly in offshore fields. In the downstream sector, Petrobras refines crude oil into various petroleum products, which are then marketed and distributed to consumers and industries. The company also engages in the petrochemicals sector, producing and selling chemicals derived from oil and gas. Additionally, Petrobras generates income from its electricity generation and distribution operations. The company's revenue is significantly influenced by global oil prices, exploration success, production levels, and its refining capacity. Strategic partnerships and joint ventures with other energy companies also play a crucial role in enhancing its operations and revenue potential.