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Probias Case Study Petrobras

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PETROBRAS CASE Mesut Yetis, 31.03.208, mesutyetish@yahoo.com Case setting and synopsis Petrobras is one of the biggest oil and energy company of Brazil with 48% shares hold by the state of Brazil. More than 90% of the production of Petrobras is done in Brazil. Company head-quarters are based in Rio De Jenario, Brazil and has annual revenue of 88 billion USD. With this revenue Pertobras is ranked in the 58th place in Fortune 500 list. The business areas of Petrobras are listed below in order according to the their contribution to the annual revenue of the company. • Refine, logistics and marketing of oil and oil products; from crude oil form to various petrochemicals. • Domestic oil and natural gas exploration, drilling and production in Brazil. • Distribution of all the products through a very large retail network. • Production of electricity with gas generated power plants • International oil and natural gas exploration and all related operations outside of Brazil. • Biofuels (Wikipedia, https://en.wikipedia.org/wiki/Petrobras, 2018) Petrobras, a giant oil conglomerate with approximately 80,000 employees was at the centre of the biggest scorruption scandal of Brazil which broke out in 2014. According to Petrobras in 2015 the cost of the corruption scandal to company was estimated as more than 2 billion USD. (BBC, 2017) Petrobras scandal, Brazilian political corruption scandal beginning in 2014 that involved the indictment of dozens of high-level

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