How much of Petrobras is owned by the Brazilian government?

How much of Petrobras is owned by the Brazilian government?

The Brazilian government directly owns 54% of Petrobras’ common shares with voting rights, while the Brazilian Development Bank and Brazil’s Sovereign Wealth Fund (Fundo Soberano) each control 5%, bringing the State’s direct and indirect ownership to 64%.

Is Petrobras a government entity?

Originally a state-owned monopoly, Petrobras became majority-owned by the state but competes against other Brazilian companies as well as against foreign companies. It is the largest corporation in both Brazil and South America. Its headquarters are in Rio de Janeiro.

Is Petrobras an oil major?

Petrobras – short for Petróleo Brasileiro S.A. – a Brazilian corporation headquartered in Rio de Janeiro, is one of the largest oil and gas companies in the world and by far the largest enterprise in the oil and gas sector in Brazil, in terms of revenue.

Where is Petrobras headquarters?

Rio de Janeiro, State of Rio de Janeiro, Brazil

Who is the CEO of Petrobras?

Joaquim Silva e Luna (Apr 19, 2021–)
The board of directors of Petrobras has officially confirmed Joaquim Silva e Luna as the company’s new chief executive officer (CEO) and chosen its new division heads.

Who are Petrobras competitors?

Petrobras’s competitors Petrobras’s top competitors include Enel, Shell, Twin Butte Energy and OMV Petrom. Petrobras is a company active in the exploration and production, refining, marketing, transportation, petrochemicals, oil product distribution, natural gas, electricity, chemical-gas, and biofuel segments.

Why is Petrobras also listed on the New York Stock Exchange?

It sought to enhance its management and financial information systems by incorporating best practices and technology from the developed countries. So the company decided to make its international debut, through a public listing on the New York Stock Exchange (NYSE).

What is the capital of Brazil?


Brasília. Brasília, city, federal capital of Brazil. It is located in the Federal District (Distrito Federal) carved out of Goiás state on the central plateau of Brazil. At an elevation of some 3,500 feet (1,100 metres), it lies between the headwaters of the Tocantins, Paraná, and São Francisco rivers.

What is the official language of Brazil?

Brazil/Official languages
Language of Brazil. Portuguese is the first language of the vast majority of Brazilians, but numerous foreign words have expanded the national lexicon.