Petróleo Brasileiro or Petrobras is a semi-public^[7] Brazilian multinational energycorporation headquartered in Rio de Janeiro, Brazil. It is the largest company in theSouthern Hemisphere by market capitalization and the largest in Latin America measured by 2011 revenues.^[8][9][10]

Petrobras was founded in 1953. While the company ceased to be Brazil's legal monopolistin the oil industry in 1997, it remains a significant oil producer, with output of more than 2 million barrels (320,000 m³) of oil equivalent per day, as well as a major distributor of oil products. The company also owns oil refineries and oil tankers. Petrobras is a world leader in development of advanced technology from deep-water and ultra-deep water oil production.^[11][12]

In September 2010 Petrobras conducted the largest share sale in history, when US$72.8 billion worth of shares in the company were sold on the BM&F Bovespa stock exchange.^[13][14] Upon the sale Petrobras immediately became the fourth-largest company in the world measured by market capitalisation.^[14][15][16]

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