Petrobras
Petrobras, officially known as Petróleo Brasileiro S.A., is a leading energy company headquartered in Brazil. Established in 1953, Petrobras has grown to become a key player in the global oil and gas industry, with significant operations across South America and beyond. The company is primarily engaged in the exploration, production, refining, and distribution of oil and natural gas, alongside renewable energy initiatives. With a strong focus on deepwater oil extraction, Petrobras has pioneered advanced technologies that set it apart in the market. The company has achieved notable milestones, including significant discoveries in the pre-salt layer of the Santos Basin, which have bolstered its position as one of the largest oil producers in Brazil. Petrobras continues to innovate and adapt, maintaining its status as a vital contributor to the energy sector while striving for sustainability and efficiency.
DitchCarbon Score
How does Petrobras's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Petrobras's score of 33 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Petrobras's reported carbon emissions
In 2023, Petrobras reported total operational emissions of approximately 46,000,000,000 kg CO2e, a slight decrease from about 48,000,000,000 kg CO2e in 2022. The company has set ambitious climate commitments as part of its Strategic Plan for 2022-2026, aiming for a 25% reduction in total operational absolute emissions by 2030. Additionally, Petrobras targets zero routine flare burning by 2030 and plans to reject approximately 40 million tonnes CO2 through carbon capture, use, and storage (CCUS) projects by 2025. Petrobras is also focused on reducing carbon intensity in its exploration and production (E&P) segment by 32% by 2025, maintaining a target of 15 kg CO2e/boe until 2030. Furthermore, the company aims for a 40% reduction in methane emissions intensity in the E&P segment by 2025 and a 16% reduction in carbon intensity from refining by 2025, increasing to 30% by 2030. Long-term, Petrobras aspires to neutralise emissions from its controlled activities (Scopes 1 and 2) by 2050, while also encouraging partners to achieve similar goals in non-operated assets. These commitments reflect Petrobras's proactive approach to addressing climate change and reducing its carbon footprint in the oil and gas industry.
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| 2005 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 46,300,000,000 | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | - | - | - | - | - | - | - | - | - | - |
| Scope 2 | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - | - | - | - | - | - | - | - | - | - |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Petrobras is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
