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 47 is higher than 98% 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 greenhouse gas emissions of approximately 441,000,000,000 kg CO2e, with emissions distributed across various scopes: 45,800,000,000 kg CO2e (Scope 1), 100,000,000 kg CO2e (Scope 2), and a significant 441,000,000,000 kg CO2e (Scope 3), which includes 422,000,000,000 kg CO2e from the use of sold products. 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, alongside a target to eliminate routine flare burning by the same year. Petrobras is also focusing on carbon capture, utilisation, and storage (CCUS) projects, with a goal to reject approximately 40,000,000 tonnes CO2e by 2025. Additionally, the company aims for a 32% reduction in carbon intensity in its exploration and production segment by 2025, and a 40% reduction in methane emissions intensity in the same segment. Long-term, Petrobras has committed to achieving net-zero emissions from its controlled operations (Scope 1 and 2) by 2050, with intentions to influence similar goals in non-operated assets. These commitments reflect a comprehensive approach to addressing climate change and reducing the carbon footprint of its operations.
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| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 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 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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.
