Our annual ranking of the world's largest corporations

23 of 500
23. Petrobras
Financials: Latest Results
Rank: 23 (Previous rank: 34)
CEO: Maria das Graças Silva Foster
Employees: 81,918
Address: Av. Rep. do Chile 65
Rio de Janeiro, 20031-912
Country: Brazil
Website: www.petrobras.com.br

Brazil's state-controlled oil company has hit some rough waters. While it remains the world's largest deepwater oil producer, the company says it foresees a slight decrease in total production over the next five years -- about 2.5 million barrels per day in 2016, compared to the estimated 3 million barrels per day by 2015 the company projected in its 2011 five-year business plan. The forecast follows an earlier announcement of Petrobras' plan to increase gasoline prices by 7.8 percent and diesel prices by 3.9 percent. --S.J.

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  $ millions % change from 2010
Revenues 145,915.0 21.5
Profits 20,121.0 4.9
Assets 319,410.0 --
Stockholders' equity 175,838.0 --
Profits as % of  
Revenues 13.8
Assets 6.2994
From the July 23, 2012 issue
Figures prepared in accordance with International Accounting Standards.
Government owned 50% or more.
Excise taxes have been deducted.
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Rank # of Global 500 Companies
U.S. 132
China 73
Japan 68
Company 2011 Number of Employees
Wal-Mart Stores 2,200,000
China National Petroleum 1,668,072
State Grid 1,583,000
Company 2011 Profits
($ millions)
Gazprom $44,459.6
Exxon Mobil $41,060
Industrial & Commercial Bank of China $32,214.1
FAQ and methodology
All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives... More
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