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  • Rank28
  • Previous Rank28
  • CEO
    Aldemir Bendine
  • Address
    Av. Rep. do Chile 65, Rio de Janeiro 20031-912
  • Website
  • Industry
    Petroleum Refining

Brazil’s state-operated energy company managed to keep its spot in the Global 500 rankings despite booking its largest ever full-year loss in 2014, at more than $7 billion. But the real story for Petrobras in the past year was the massive corruption scandal involving bribery and contract-fixing, which contributed to a $2 billion write-down and led to CEO Maria das Graças Foster’s resignation. Now, the world’s most indebted company will look to cut costs while embarking on a plan to sell off $58 billion in assets by 2018 in order to fund the development of the company’s tantalizing deepwater oil projects off the southeast coast of Brazil.

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Company Information

Aldemir Bendine
Petroleum Refining
HQ Location
Rio de Janeiro, Brazil
Years on List21
Figures prepared in accordance with International Accounting Standards. Government owned 50% or more.

Key Financials (last fiscal year)

($ Millions)% change

Profits as a % of

Profit as % of Revenues-5.1%
Profits as % of Assets-2.5%
Profits as % of Stockholder Equity-6.3%