Avjet Biotech negotiating strategic relationship with BioJet international for distributed refineries for drop-in renewable aviation fuel
Annual American Lung Association report shows continued progress in air quality, but more to be done

Petrobras moves up 10 spots to 8th largest publicly trade company in world

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.

Comments

SJC

Petrobras is said to be number one in deep water drilling. Combined with their sugar cane ethanol position in the country reducing domestic demand for oil, they can now export. This is why the administration is courting them, they can see tankers full of oil sailing into refinery ports in the Gulf of Mexico. Anything to reduce dependence on OPEC oil.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)