Petróleo Brasileiro S.A. (known as Petrobras) is a semi-public Brazilian oil company of mixed ownership and with private foreign participation, founded in 1953. Petrobras operates actively in the international oil market as well as through the exchange of an important diversity of products. related to the hydrocarbon industry. Among other things, Petrobras stands out for using high technology in oil exploration and production operations in open waters (offshore), with the record for the deepest crude oil extraction plant in the world.
Petrobras headquarters building in Rio de Janeiro The company is located in fourth place in the ranking of the largest open capital international oil companies in the world. Since mid-2009, it has established itself as the largest company in Latin America, surpassing in its sales in 2009 and 2010 giants that had been ahead for years, such as the Mexican PEMEX and the Venezuelan PDVSA. By 2022, the company will register sales of almost 100 billion dollars.
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