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Global 500

Dado Galdieri — Bloomberg via Getty Images

58

Petrobras

PBR

Brazil

By lending its name to the scandal that brought down Brazilian President Dilma Rousseff, Petrobras has become synonymous with the wastefulness and corruption that infested emerging market resource businesses at the height of the ‘supercycle’. CEO Aldemir Bendine resigned in May after only 15 months, as Rousseff, his patron, departed. Petrobras is rich in assets but faces enormous challenges in monetizing them, especially the giant ‘pre-salt’ reserves off Brazil’s coast. Low crude prices plus a long-deserved reputation for poor cost control means it will struggle to generate enough cash from those assets to satisfy both shareholders, the taxman and the foreign partners it will need.

CEO

Pedro Pullen Parente

Sector

Energy

Industry

Petroleum Refining

HQ Location

Rio de Janeiro, Brazil

Employees

78,470

Years on Global 500 List

22

Excise taxes have been deducted.Figures prepared in accordance with International Accounting Standards. Government owned 50% or more.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$97,314-32.3%
Profits ($M)$-8,450
Assets ($M)$230,521
Total Stockholder Equity ($M)$65,236
Profit Ratios
Profit as % of Revenues-8.7%
Profits as % of Assets-3.7%
Profits as % of Stockholder Equity-13.0%
STOCK QUOTE
()0.00 0.00 (0)
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  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
  • EPS:
  • Dividend Yield: n/a

News about Petrobras

Petrobras CEO Pedro Parente Resigns as Strikes Take Down Market Favorite

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