Explores for oil and natural gas
Petroleo Brasileiro SA is engaged in oil and gas exploration, production and distribution activities.
It operates through the following segments: Exploration and Production; Refining, Transportation and Marketing; Distribution; Gas and Power; Biofuel, and International.
The Exploration and Production segment is involved in oil and gas exploration, development, and production in Brazil.
The Refining, Transportation and Marketing segment includes refining, logisitcs, oil products, and crude oil exports and imports.
The Distribution segment distributes oil products to wholesalers and through the BR retail network.
The Gas and Power segment transports and trades natural gas, LNG, and electricity.
The Biofuel segment produces biofuel and ethanol, and the International segment undertakes gas and power operations outside Brazil.
The company was founded on October 3, 1953 and is headquartered in Rio de Janeiro, Brazil.