Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Petrobras
Companies and corporations

Brazil’s largest oil and gas company Petrobras

28.08.2020
2 min read

 Petrobras: list of achievements

Petrobras is a powerful Brazilian oil and gas corporation owned by the state. It is the largest company by market capitalization in Latin America and the largest by market value, with headquarters in the southern hemisphere.
The company owes its foundation to the President of Brazil. In 1953, Getulio Vargas created a company that was a monopolist for a long time. Although the corporation is not the only one on the market, it is still considered a major producer. Its facilities produce more than 2 million oil per day. In addition, Petrobras sells fuel and its products.
The company owns refineries and tankers in 18 countries around the world: in South and North America, Africa, Asia and Europe.
Between 1953 and 1997 the company was a monopolist. It controlled field development, oil and gas production, exports and other processes related to these resources. The only thing that was not within the scope of Petrobras’ activities was fuel trade through petrol stations.
After 40 years of monopoly, the company has competitors, both foreign and domestic.
In 2001, there was an event that shook Petrobras’ position. The oil platform that belonged to it exploded and sank.
In 2003, Petrobras celebrated its 50th anniversary. To celebrate this, the corporation increased its daily oil and gas production to 2 million barrels.
In 2007, a major offshore field was discovered. Its reserves are estimated at 5 billion to 8 billion barrels of oil.
55.7% of Petrobras is owned by the government and the rest is held by individuals and legal entities from different countries.
In 2010, the company broke a record. It placed 4.27 billion shares, totaling $69.9 billion. This figure is the highest for all stock market activity.
In 2007, oil production across Brazil was 2,000,238 barrels per day, a record level.

Petrobras

Petrobras is a successful corporation with an established structure. In addition to oil refineries, it owns fertilizer production facilities, filling stations and other facilities. Petrobras also exports ethanol, 35% of which is produced in Brazil.
The company purchases biodiesel on behalf of the state. Along with ethanol, the management sees great prospects for these resources and is actively investing in their production. In the country it is possible to find biofuel and ethanol for cars of various types on more than 7 thousand refuelings.

Tags: Companies and corporations
0
Previous Post Goldman Sachs: cryptocurrency volatility prevents it from entering the asset class Next Post Karl Persson: As heir of H&M managed to make the company famous worldwide

You Might Also Like

Berkshire Hathaway
Companies and corporations
The success story of the company with the most expensive shares – Berkshire Hathaway Inc
09.07.2020
General Electric company-2
Companies and corporations
General Electric: business history from foundation to the present
10.04.2022
Apple profits
Companies and corporations
Apple’s profit was record-breaking in the fourth quarter of 2019
16.11.2020
Total company building
Companies and corporations
The French company Total: the main stages of development of the oil producer
30.01.2022
Thermo company
Companies and corporations
Thermo Fisher Scientific company: overview of education and field of activity
04.07.2021
ExxonMobil company
Companies and corporations
ExxonMobil: history of origin
29.07.2020

Recent Posts

  • 1reduction in investment
    German business expects reduction in investment: survey
    26.05.2022
  • 2guidelines for cryptocurrency exchanges
    Canada releases guidelines for cryptocurrency exchanges
    25.05.2022
  • 3How IT is used in banks
    How IT in banks helps transform the sector
    24.05.2022
  • 4Development of the financial sector-1
    Development of the financial sector in terms of DeFi potential
    23.05.2022
  • 5export volumes
    India’s export volumes rise to record levels
    22.05.2022

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • The London Stock Exchange has announced the acquisition of Refinitiv

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

reduction in investment
German business expects reduction in investment: survey
26.05.2022
guidelines for cryptocurrency exchanges
Canada releases guidelines for cryptocurrency exchanges
25.05.2022
How IT is used in banks
How IT in banks helps transform the sector
24.05.2022

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • The London Stock Exchange has announced the acquisition of Refinitiv
  • Inventor and businessman Isaac Singer: a success story
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics