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Petrobras Diversifies Energy Portfolio, Embraces Renewable Future
20 Aug
Summary
- Petrobras explores, produces, and sells oil and gas globally
- Expanding into renewable energy and low-carbon businesses
- Operates through three key segments: Exploration, Refining, and Gas & Low Carbon Energies
As of August 2025, Petróleo Brasileiro S.A. - Petrobras, Brazil's state-owned oil and gas company, has been actively diversifying its energy portfolio and embracing a more sustainable future. The company, which was incorporated in 1953 and is headquartered in Rio de Janeiro, has been exploring, producing, and selling oil and gas not only in Brazil but also internationally.
Petrobras now operates through three key segments: Exploration and Production, Refining, Transportation and Marketing, and Gas & Low Carbon Energies. While the Exploration and Production segment continues to focus on crude oil, natural gas liquids, and natural gas, the company has been expanding its Refining, Transportation and Marketing segment to include the refining, logistics, transport, acquisition, and export of crude oil, as well as the trading of oil products and the production of fertilizers.
Most notably, Petrobras has been actively investing in its Gas and Low Carbon Energies segment, which is involved in the logistics and trading of natural gas and electricity, the transportation and trading of liquefied natural gas, the generation of electricity through thermoelectric power plants, and the development of renewable energy and low-carbon businesses. The company is also engaged in the production of biodiesel and its co-products, further diversifying its energy offerings.
This strategic shift towards a more diversified and sustainable energy portfolio positions Petrobras to navigate the evolving energy landscape and maintain its dominance in the Brazilian and global markets.
