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PETROLEO BRASILEI, (PBR) Stock Research Free Stock Rating
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Petróleo Brasileiro S.A. Petrobras engages in a range of oil and gas activities. It operates in four segments: Exploration and Production (Exploration and Development); Refining, Transportation, and Marketing (Supply); Distribution; and Natural Gas and Power (Gas and Energy). The Exploration and Development segment includes exploration, development, and production activities in Brazil. The Supply segment encompasses refining, logistics, transportation, and the purchase of crude oil, as well as the purchase and sale of oil products and fuel alcohol. It also includes the Petrochemical and Fertilizers division, which includes investments in domestic petrochemical companies and the companys two domestic fertilizer plants. The Distribution segment encompasses oil product and fuel alcohol distribution activities conducted by the companys majority owned subsidiary, Petrobras Distribuidora S.A. - BR in Brazil. The Gas and Energy segment encompasses the purchase, sale, and transportation of natural gas produced in or imported into Brazil. This segment also includes domestic electric energy commercialization activities, as well as investments in domestic natural gas transportation companies, state owned natural gas distributors, and thermal electric companies. As of December 31, 2003, the company had estimated proved developed and undeveloped reserves of approximately 11.6 billion barrels of crude oil equivalent in Brazil and abroad. It distributes its oil products to various wholesale customers and retail distributors in Brazil. Petrobras was founded in 1953 and is based in Rio de Janeiro, Brazil.
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