Petroleo Brasileiro ADR PBR.A

Petroleo Brasileiro S.A.-Petrobras is one of the largest global producers of oil and gas. The company prospects, drills, refines, processes, trades, and distributes crude oil and oil products, natural gas, and other liquid hydrocarbons. Founded in 1953, Petroleo Brasileiro has its headquarters in Rio de Janeiro, Brazil.

Petroleo Brasileiro operates its business through four segments: Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. Petroleo Brasileiro's Exploration and Production segment is focused on the exploration, development, and production of crude oil, natural gas liquids, and natural gas for domestic refineries. The Refining, Transportation and Marketing segment handles the refining, logistics, transport, marketing, and trading of crude oil and oil products, as well as the exportation of ethanol and extraction and processing of shale. The company's Gas and Power segment handles the logistics and trading of natural gas and electricity in addition to the generation of electricity through thermoelectric power plants and producing fertiliser. Through its Corporate and Other Businesses segment, the company produces biodiesel and ethanol, as well as distributing oil products.

Stock for Petroleo Brasileiro is listed on the NYSE under the ticker PBR.A. As of December 2021, the company employs over 40,000 people. Petroleo Brasileiro is considered an expert in deep and deep-water exploration and production with nearly 50 years of experience developing the Brazilian offshore basins.

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