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: 43,199

Sales by Activity: Petrobras

Fiscal Period: December 2021 (BRL) 2022 (BRL) 2023 (BRL) 2024 (BRL) 2025 (BRL)

Refining, Transport and Commercialization (RTC)

40TCr 58TCr 47TCr 46TCr 47TCr

Exploration and Production

30TCr 40TCr 33TCr 32TCr 33TCr

G & EBC

6.5TCr 7.79TCr 5.55TCr 5.14TCr 4.85TCr

Corporate and other business

273.2Cr 263.6Cr 181.9Cr 171.9Cr 188.3Cr

Deduction

-32TCr -43TCr -35TCr -34TCr -36TCr

Geographical breakdown of sales: Petrobras

Fiscal Period: December 2021 (BRL) 2022 (BRL) 2023 (BRL) 2024 (BRL) 2025 (BRL)

Brazil

33TCr 49TCr 38TCr 36TCr 35TCr

China

- 3.29TCr 3.64TCr 4.11TCr 5.34TCr

Asia (Except China and Singapore)

- 775.7Cr 726.2Cr 1.08TCr 2.42TCr

Europe

- 3.04TCr 2.77TCr 2.92TCr 2.05TCr

Americas (Except United States of America)

- 3.69TCr 2.42TCr 1.93TCr 2.01TCr

Singapore

- 2.2TCr 1.53TCr 1.54TCr 1.47TCr

United States

- 2.53TCr 1.94TCr 1.83TCr 1.09TCr

Others

- 2.7Cr 36Cr 26Cr 232Cr

Exports

12TCr - - - -

Abroad

702.3Cr - - - -

Executive Committee: Petrobras

Manager TitleAgeSince
Compliance Officer 54 28/04/2023
Corporate Officer/Principal - 11/07/2025
Corporate Officer/Principal 68 28/06/2024
Comptroller/Controller/Auditor - -
Corporate Officer/Principal 65 01/05/2023

Composition of the Board of Directors: Petrobras

Director TitleAgeSince
Director/Board Member 80 14/04/2022
Director/Board Member 44 28/04/2023
Director/Board Member 61 01/05/2016
Director/Board Member 66 22/07/2020
Chairman 45 22/08/2025
Director/Board Member 65 01/04/2025
Chairman 70 02/01/2019
Director/Board Member - 16/04/2025

Shareholders: Petrobras

NameEquities%Valuation
BNDES Participações SA
16.53 %
90,02,10,496 16.53 % 6 493 M R$
GQG Partners LLC
6.599 %
35,93,96,486 6.599 % 2 592 M R$
Government of Brazil
2.483 %
13,52,48,258 2.483 % 975 M R$
BB Gestão de Recursos DTVM SA
0.8064 %
4,39,20,751 0.8064 % 317 M R$
BRAM - Bradesco Asset Management SA DTVM
0.4258 %
2,31,89,960 0.4258 % 167 M R$
NameEquities%Valuation
JPMorgan Investment Management, Inc.
1.587 %
4,32,06,011 1.587 % 620 M R$
Invesco Asset Management Ltd.
1.158 %
3,15,34,663 1.158 % 453 M R$
Robeco Institutional Asset Management BV
1.001 %
2,72,54,874 1.001 % 391 M R$
Schroder Investment Management North America Ltd.
0.9256 %
2,52,05,420 0.9256 % 362 M R$
MFS Investment Management Canada Ltd.
0.8861 %
2,41,31,440 0.8861 % 347 M R$
NameEquities%Valuation
GQG Partners LLC
3.655 %
13,60,03,212 3.655 % 2 086 M R$
Capital Research & Management Co. (International Investors)
0.8233 %
3,06,37,308 0.8233 % 470 M R$
Baillie Gifford & Co.
0.7934 %
2,95,23,522 0.7934 % 453 M R$
Lazard Asset Management LLC
0.6227 %
2,31,70,764 0.6227 % 355 M R$
0.5329 %
1,98,28,159 0.5329 % 304 M R$
NameEquities%Valuation
Government of Brazil
50.26 %
3,74,04,70,811 50.26 % 28 856 M R$
Banco Classico SA (Investment Management)
2.999 %
22,32,22,016 2.999 % 1 722 M R$
Caixa DTVM SA
0.9549 %
7,10,69,367 0.9549 % 548 M R$
BB Gestão de Recursos DTVM SA
0.5357 %
3,98,70,678 0.5357 % 308 M R$
BRAM - Bradesco Asset Management SA DTVM
0.4225 %
3,14,45,751 0.4225 % 243 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
7,57,61,739 21.96% 142 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.($)
-0.53%+4.84%+24.00%+71.86% 11TCr
-0.81%+0.67%+2.28%-9.79% 1,73400Cr
-1.66%-1.31%+18.23%+16.67% 37TCr
+2.34%+3.85%+79.35%+134.08% 31TCr
-0.83%+2.17%+23.61%+25.00% 24TCr
-0.22%+0.94%+21.88%+18.44% 17TCr
-3.78%+1.39%+19.03%-0.96% 8.11TCr
0.00%+4.14%+53.12%+55.40% 7.15TCr
-0.74%+0.62%+70.66%+21.24% 4.25TCr
-3.77%-.--%-.--%-.--% 4.04TCr
Average -0.84%+0.60%+31.22%+33.19% 31.77TCr
Weighted average by Cap. -0.47%+0.31%+17.58%+16.65%
Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
42.93BRL
Average target price
42.58BRL
Spread / Average Target
-0.80%

Quarterly revenue - Rate of surprise

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