Petrobras, the Brazilian oil, gas and energy company, has become the world’s eighth-largest publicly traded company, according to a ranking prepared by Forbes magazine. In this edition of the ranking, the Company moved up ten positions compared to 2010, when it held the 18th place.
Petrobras ranked fifth in the profit and market value categories, and it is the only Latin American company to appear among the top 10. The ranking uses data such as profit, income, assets, and market value to assess the largest companies.
Also in 2011, Petrobras was rated the third biggest energy company in the PFC Energy 50 ranking based on market value, and rose from sixth to fourth place among the leading global companies operating in the industry in the ranking prepared by the Platts agency.