🇧🇷 Petrobras
PETR4 · B3 · Energy
Company overview
Brazil's state-controlled integrated oil and gas company, focused on deepwater pre-salt production, refining and gas.
- E&P (deepwater pre-salt)
- Refining & marketing
- Natural gas
- Power & renewables (selective)
- Brazil (domestic)
- China & Asia refining exports
- United States
- Europe
Largest company in Brazil by revenue; dominant in domestic fuels and a major state-revenue contributor.
Critical to Brazil's energy security, exports and fiscal balance via dividends and royalties.
Key company metrics
Verified company data — all values are mock data
Economic importance
Platform Economic Importance Score — Mock Data
Stock-market profile
Mock prices and timeframe placeholders. No price targets.
Revenue & geographic exposure
- Brazil domestic65%
- Asia (China-led)18%
- United States8%
- Europe6%
- Latin America (ex-BR)3%
- Refining & Marketing52%
- E&P38%
- Gas & Power7%
- Other3%
Economic exposures
AI-assisted assessment — separated from verified data
Company risk profile
Internal platform risk view — distinct from official credit ratings
Manageable leverage with strong cash flow.
USD debt; BRL volatility.
State influence over pricing & dividends.
Government-owned with policy-driven shifts.
Offshore services concentration.
Brent and refining spreads dominate.
Top Ibovespa weight; high beta.
Concentrated in Brazil.
Recent company intelligence
Facts, observed market reaction and AI-assisted assessment are kept separate
BCB cuts Selic by 25 bps to 10.25%
Jun 18, 2026 · Confidence: Moderate- Selic target: 10.25% (-25 bps)
- Statement signals cautious easing
PETR4 +0.6% as lower BRL rates eased local financing.
Mildly positive for domestic demand and local funding costs.
Government revises dividend policy
May 9, 2026 · Confidence: High- Cap on extraordinary dividends introduced
PETR4 -7.2% in two sessions.
Reduces immediate cash return; reallocates capital to capex and green initiatives.
Brent crude rally to $94/bbl
May 14, 2026 · Confidence: High- Brent +8% MoM on OPEC+ extension
PETR4 +4.5% over the week.
Direct positive for upstream margins; partial offset from FX policy on fuels.
Role in the national economy
Competitors comparison
| Company | Country | Sector | Market cap | Revenue | Employees | Importance | Risk |
|---|---|---|---|---|---|---|---|
| 🇺🇸 ExxonMobil | United States | Energy | $480B | $340B | 62,000 | 78 | Elevated |
| 🇬🇧 Shell | United Kingdom | Energy | $225B | $320B | 96,000 | 78 | Elevated |
| 🇳🇴 Equinor | Norway | Energy | $90B | $109B | 23,000 | 74 | Moderate |
What to watch
- Q3 2026 results & capex revision
- Dividend policy clarifications
- Pre-salt block auctions
- BRL/USD & Selic path
- Refining capacity decisions
- Energy-transition investments
AI-assisted company assessment
Not investment advice. No price targets.
Petrobras combines best-in-class deepwater economics with elevated political and policy risk. Cash generation remains strong; capital allocation between dividends and transition capex is the central debate.