Petroleo Brasileiro SA Petrobras

Common Name
Petrobras
Country
Brazil
Sector
Energy
Industry
Oil & Gas Integrated
Employees
41,778
Ticker
PETR4
Exchange
B3 S.A.
Description
Petrobras - Petroleo Brasileiro S.A. is a renowned energy company based in Brazil, primarily engaged in the exploration and production of oil and gas. As one of the world's largest oil companies, Petr...

Petrobras's GHG Emissions Data Preview

In 2023, Petrobras completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Petrobras has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Petrobras’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Petrobras’s data sources below and access millions more through our Disclosure Search.

a. Petrobras's ESG Data Spreadsheet 2023
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b. Petrobras's Climate Change Strategy Report 2023
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Insights into Petrobras's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Petrobras amounted to 45,900,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Petrobras decreased by 3.77%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Petrobras's Scope 1 Emissions Over Time

201820192020202120222023020 M40 M60 M80 MtCO2e-4%-6%+10%-22%-4%
  • Total Scope 1
  • Year-over-Year Change

What are Petrobras's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Petrobras were 45,800,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Petrobras reduced its Scope 1 emissions over time?

Since 2018, Petrobras's Scope 1 emissions have decreased by 25.41%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Petrobras's Scope 1 emissions decreased by 3.78%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Petrobras's Scope 2 emissions?

In 2023, Petrobras reported Scope 2 greenhouse gas (GHG) emissions of 100,000 tCO₂e without specifying the calculation method. a

Has Petrobras reduced its Scope 2 emissions over time?

Since 2018, Petrobras's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 75%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Petrobras's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Petrobras 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Petrobras use for Scope 2 reporting?

In 2023, Petrobras reported its Scope 2 emissions using an unspecified methodology. a

Petrobras's Scope 2 Emissions Over Time

2018201920202021202220230100 k200 k300 k400 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Petrobras's Value Chain Emissions

In 2023, Petrobras reported 441,000,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Petrobras includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Petrobras's Scope 3 Emissions Over Time

2018201920202021202220230150 M300 M450 M600 MtCO2e-2%+3%+2%+2%0%
  • Total Scope 3
  • Year-over-Year Change

What are Petrobras's Scope 3 emissions?

In 2023, Petrobras reported total Scope 3 emissions of 441,000,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Petrobras reduced its Scope 3 emissions over time?

Since 2018, Petrobras's Scope 3 emissions have remained relatively stable, indicating that Petrobras 's emissions have plateaued with no significant change in its value chain footprint. a

Compared to the previous year (2022), Petrobras's Scope 3 emissions remained relatively stable, indicating that Petrobras 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Petrobras disclose?

In 2023, Petrobras reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol. b

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Petrobras's Scope 3 emissions?

In 2023, the largest contributors to Petrobras's Scope 3 emissions were: b

  • Use of Sold Products (Cat. 11): 422,000,000 tCO₂e (95.91%)
  • Processing of Sold Products (Cat. 10): 18,000,000 tCO₂e (4.09%)

Petrobras's Scope 3 Emissions by Categories

Processing of SoldProducts (Cat. 10)(4.1%)Use of Sold Products(Cat. 11)(95.9%)

Insights into Petrobras’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Petrobras reported Scope 1 greenhouse gas (GHG) emissions of 45,800,000 tCO₂e and total revenues of USD 102,409 millions. This translates into an emissions intensity of 447.23 tCO₂e per millions USD. a

Petrobras's Scope 1 Emissions Intensity Compared to Peers

100,0001,000,00010,000,000100,000,0001,000,000,000Scope 1 Emissions (tCO2e)2002,00020,000200,0002,000,000Revenues (Millions of USD)COMVYear: 2023Scope 1: 10,000,000 tCO2eRevenue: $M 43,678Scope 1 Intensity: 228.95 tCO2e/$MRepsolYear: 2024Scope 1: 13,700,000 tCO2eRevenue: $M 59,442Scope 1 Intensity: 230.48 tCO2e/$MExxon MobilYear: 2024Scope 1: 91,000,000 tCO2eRevenue: $M 339,247Scope 1 Intensity: 268.24 tCO2e/$MBPYear: 2024Scope 1: 32,800,000 tCO2eRevenue: $M 139,575Scope 1 Intensity: 235.00 tCO2e/$MTotalEnergiesYear: 2024Scope 1: 33,000,000 tCO2eRevenue: $M 167,129Scope 1 Intensity: 197.45 tCO2e/$MSuncor EnergyYear: 2022Scope 1: 33,520,000 tCO2eRevenue: $M 46,479Scope 1 Intensity: 721.19 tCO2e/$MPTTYear: 2023Scope 1: 40,730,000 tCO2eRevenue: $M 91,332Scope 1 Intensity: 445.96 tCO2e/$MTatneft' Imeni V.D. ShashinaYear: 2021Scope 1: 7,720,000 tCO2eRevenue: $M 16,866Scope 1 Intensity: 457.72 tCO2e/$MGazpromYear: 2022Scope 1: 213,530,000 tCO2eRevenue: $M 167,009Scope 1 Intensity: 1,278.55 tCO2e/$MNational Fuel GasYear: 2023Scope 1: 1,590,047 tCO2eRevenue: $M 2,174Scope 1 Intensity: 731.47 tCO2e/$MGalp EnergiaYear: 2023Scope 1: 2,991,742 tCO2eRevenue: $M 22,986Scope 1 Intensity: 130.15 tCO2e/$MChevronYear: 2024Scope 1: 53,000,000 tCO2eRevenue: $M 193,414Scope 1 Intensity: 274.02 tCO2e/$MNeftyanaya Kompaniya RosneftYear: 2021Scope 1: 54,200,000 tCO2eRevenue: $M 109,431Scope 1 Intensity: 495.29 tCO2e/$MPetroChinaYear: 2023Scope 1: 124,660,000 tCO2eRevenue: $M 423,668Scope 1 Intensity: 294.24 tCO2e/$MEdisonYear: 2023Scope 1: 6,309,652 tCO2eRevenue: $M 20,405Scope 1 Intensity: 309.22 tCO2e/$MCCCosmo Energy HoldingsYear: 2023Scope 1: 6,886,000 tCO2eRevenue: $M 20,960Scope 1 Intensity: 328.53 tCO2e/$MEquinorYear: 2023Scope 1: 11,500,000 tCO2eRevenue: $M 106,848Scope 1 Intensity: 107.63 tCO2e/$MImperial OilYear: 2022Scope 1: 23,200,000 tCO2eRevenue: $M 42,287Scope 1 Intensity: 548.63 tCO2e/$MOil IndiaYear: 2024Scope 1: 1,422,793 tCO2eRevenue: $M 3,893Scope 1 Intensity: 365.46 tCO2e/$MPetronas GasYear: 2023Scope 1: 5,859,402 tCO2eRevenue: $M 1,403Scope 1 Intensity: 4,177.22 tCO2e/$MPetrobrasYear: 2023Scope 1: 45,800,000 tCO2eRevenue: $M 102,409Scope 1 Intensity: 447.23 tCO2e/$M

How does Petrobras's GHG emissions intensity compare to its peers?

In 2023, Petrobras reported a Scope 1 emissions intensity of 447.23 tCO₂e per millions USD. Compared to the peer group median of 318.87, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Petrobras rank on GHG emissions intensity within its industry?

In 2023, Petrobras ranked 14 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Petrobras is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Petrobras's Total Carbon Footprint

In 2023, Petrobras reported a total carbon footprint of 486,900,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.57% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Petrobras's total carbon footprint was Scope 3 emissions, accounting for 90.57% of the company's total carbon footprint, followed by Scope 1 emissions at 9.41%. a

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