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  • Previous Rank28
  • Revenues ($M)$97,314
  • Revenue Percent Change-32.3%
  • Profits ($M)$-8,450
  • Profits Percent Change-
  • Assets ($M)$230,521
  • Employees78,470

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.

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Company Information

Pedro Pullen Parente
Petroleum Refining
HQ Location
Rio de Janeiro, Brazil
Years on Global 500 List22
Figures prepared in accordance with International Accounting Standards. Government owned 50% or more.

Petrobras Rank History

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%