Petroleo Brasileiro SA Petrobras-ADR PBR

Petroleo Brasileiro SA Petrobras, better known as Petrobras, is a Brazilian multinational corporation operating within the oil, natural gas, and energy industry. The firm is engaged in prospecting, drilling, refining, processing, trading, and transporting crude oil. The company has its headquarters in Rio de Janeiro, Brazil and was founded in 1953.

The firm is one of the largest producers of oil and gas in the world, with a large proven reserve base and a high level of expertise in deep and ultra-deep-water exploration and production. The firm has been heavily involved in the development of the Brazilian offshore basins, becoming world leaders in this segment.

The company employs more than 40,000 people across all its operations, which include over 5,600 oil and gas production wells, over 65 production platforms, 13 refineries, and 5 biodiesel plants, as well as interests in wind and solar energy plants and 20 thermoelectric plants. The firm also operates a fleet of over 130 vessels and manages around 17,000 km of oil and gas pipelines. The company is listed on the NYSE under the stock ticker PBR.

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