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.
+17 vs industry average
Petrobras’s score of 36 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Petrobras's reported carbon emissions
In 2023, Petrobras reported approximately 46 billion kg CO2e in Scope 1 and 2 emissions. 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 plans to achieve zero routine flare burning by 2030 and aims to reject approximately 40 million tonnes CO2e through carbon capture, use, and storage (CCUS) projects by 2025. The company is also targeting a 32% reduction in carbon intensity in its exploration and production (E&P) segment by 2025, with a further goal of a 40% reduction in methane emissions intensity in the same segment. Furthermore, Petrobras aims for a 16% reduction in carbon intensity from refining by 2025, increasing to 30% by 2030. Long-term, Petrobras has committed to neutralising emissions from its controlled activities (Scopes 1 and 2) by 2050, while also influencing 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 sector.
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Petrobras’s Climate Goals (2030 & 2050)
6 goals2030
30% reduction in all scopes
Reduction of total absolute operational emissions by 30%* by 2030 (54,8 MM tCO₂e/ano)
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Petrobras
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