Business description: Petrobras

Petroleo Brasileiro S.A.-Petrobras specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production, which covers the activities of exploration, development and production of crude oil, natural gas liquid and natural gas; Refining, Transportation and Marketing, which covers the refining, logistics, transport and trading of crude oil and oil products activities, exporting of ethanol, and extraction and processing of shale; Gas and Power, which is engaged in transportation and trading of natural gas produced in Brazil and imported natural gas; Biofuels, which covers the activities of production of biodiesel and its co-products, and ethanol-related activities; Distribution, which includes the activities of its subsidiary Petrobras Distribuidora S.A., and Corporate.

Number of employees: 41,778

Sales by Activity: Petrobras

Fiscal Period: December 2020 (BRL) 2021 (BRL) 2022 (BRL) 2023 (BRL) 2024 (BRL)

Refining, Transport and Commercialization (RTC)

242B 402B 585B 474B 458B

Exploration and Production

174B 300B 401B 334B 325B

G & EBC

39.28B 64.99B 77.87B 55.48B 51.39B

Corporate and other business

4.44B 2.73B 2.64B 1.82B 1.72B

Eliminations

-188B -317B -425B -354B -345B

Geographical breakdown of sales: Petrobras

Fiscal Period: December 2020 (BRL) 2021 (BRL) 2022 (BRL) 2023 (BRL) 2024 (BRL)

Brazil

185B 330B 486B 381B 356B

China

- - 32.91B 36.36B 41.13B

Europe

- - 30.43B 27.7B 29.25B

Americas (Except United States of America)

- - 36.86B 24.25B 19.27B

United States of America

- - 25.35B 19.42B 18.31B

Singapore

- - 22.03B 15.34B 15.42B

Asia (Except China and Singapore)

- - 7.76B 7.26B 10.77B

Others

- - 27M 360M 263M

Exports

80.23B 116B - - -

Abroad

7.16B 7.02B - - -

Executive Committee: Petrobras

Manager TitleAgeSince
Compliance Officer 54 2023-04-27
Corporate Officer/Principal - 2025-07-10
Corporate Officer/Principal 68 2024-06-27
Comptroller/Controller/Auditor - -
Corporate Officer/Principal 65 2023-04-30

Composition of the Board of Directors: Petrobras

Director TitleAgeSince
Director/Board Member 80 2022-04-13
Director/Board Member 44 2023-04-27
Director/Board Member 61 2016-04-30
Director/Board Member 66 2020-07-21
Chairman 45 2025-08-21
Director/Board Member 65 2025-03-31
Chairman 70 2019-01-01
Director/Board Member - 2025-04-15

Shareholders: Petrobras

NameEquities%Valuation
BNDES Participações SA
16.53 %
900,210,496 16.53 % 6 493 M R$
GQG Partners LLC
6.599 %
359,396,486 6.599 % 2 592 M R$
Government of Brazil
2.483 %
135,248,258 2.483 % 975 M R$
BB Gestão de Recursos DTVM SA
0.7748 %
42,197,808 0.7748 % 304 M R$
AZ Quest Investimentos Ltda.
0.6438 %
35,066,294 0.6438 % 253 M R$
NameEquities%Valuation
JPMorgan Investment Management, Inc.
1.587 %
43,206,011 1.587 % 620 M R$
Fidelity Management & Research Co. LLC
1.352 %
36,810,009 1.352 % 529 M R$
Schroder Investment Management North America Ltd.
1.065 %
29,009,692 1.065 % 417 M R$
Robeco Institutional Asset Management BV
1.001 %
27,254,874 1.001 % 391 M R$
MFS Investment Management Canada Ltd.
0.8861 %
24,131,440 0.8861 % 347 M R$
NameEquities%Valuation
GQG Partners LLC
5.696 %
211,951,626 5.696 % 3 251 M R$
GQG Partners LLC
3.875 %
144,189,496 3.875 % 2 212 M R$
Capital Research & Management Co. (International Investors)
0.8233 %
30,637,308 0.8233 % 470 M R$
Baillie Gifford & Co.
0.7934 %
29,523,522 0.7934 % 453 M R$
Lazard Asset Management LLC
0.5797 %
21,569,843 0.5797 % 331 M R$
NameEquities%Valuation
Government of Brazil
50.26 %
3,740,470,811 50.26 % 28 856 M R$
Banco Classico SA (Investment Management)
2.999 %
223,222,016 2.999 % 1 722 M R$
Caixa DTVM SA
0.9641 %
71,752,967 0.9641 % 554 M R$
BB Gestão de Recursos DTVM SA
0.5368 %
39,948,589 0.5368 % 308 M R$
BRAM - Bradesco Asset Management SA DTVM
0.4192 %
31,195,170 0.4192 % 241 M R$
NameEquities%Valuation
Mercer Global Investments Europe Ltd.
0.002035 %
75,743 0.002035 % 1 M R$
Momentum Global Investment Management Ltd.
0.001407 %
52,371 0.001407 % 834 536 R$

Holdings: Petrobras

NameEquities%Valuation
75,761,739 21.96% 133 M $

Company details: Petrobras

Petróleo Brasileiro SA

Avenida Henrique Valadares, 28

20031-030, Rio de Janeiro

+55 21 3224 2401

http://petrobras.com.br
address Petrobras(PETR4)

Group companies: Petrobras

NameCategory and Sector
Chemicals: Specialty
Chemicals: Specialty
Marine Shipping
Marine Shipping
Oil Refining/Marketing

Integrated Oil & Gas

Change 5d. change 1-year change 3-years change Capi.($)
-2.55%+0.30%+2.29%+38.88% 95.83B
+0.70%+1.56%-6.47%-11.86% 1,677B
-1.84%+1.77%+17.75%+6.07% 361B
-4.12%-2.16%+49.83%+119.85% 285B
-0.89%+4.28%+6.90%+13.75% 223B
+0.12%+3.79%+8.96%+8.34% 163B
-0.44%+4.50%-0.28%-18.77% 70.36B
0.00%+3.50%+29.06%+22.73% 65.15B
-2.91%+7.56%+33.59%+8.32% 40.17B
-3.77%-.--%-.--%-.--% 40.38B
Average -1.56%+2.56%+14.16%+18.73% 302.12B
Weighted average by Cap. -0.45%+2.14%+5.36%+8.29%
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
37.11BRL
Average target price
41.05BRL
Spread / Average Target
+10.61%

Quarterly revenue - Rate of surprise