Magda Chambriard

Magda Chambriard runs one of the most politically charged energy companies in the world. Appointed CEO of Petrobras in May 2024 and reappointed through April 2027, she leads a state-controlled oil giant that generated $89.2 billion in revenue in 2025 while paying R$277.6 billion in taxes to Brazilian governments, making it a cornerstone of the country’s fiscal structure. A chemical engineer and former first female director-general of Brazil’s national oil and gas regulator ANP, she brings a rare dual command of both technical and regulatory dimensions to the role. Her mandate is a delicate balancing act: satisfying global investors demanding capital discipline while aligning with President Lula’s industrial development agenda. On the operational side, she oversaw an 11% increase in oil and gas production in 2025 and revitalized the Tupi pre-salt field back above 1 million barrels per day. Investors have responded: PBR shares surged roughly 43% over the past year, with Morgan Stanley recently raising its price target to $20—a vote of confidence in Chambriard’s steady hand at a moment when oil markets remain volatile.