Who Petrobras buys from and sells to
Brazil's state-controlled oil company producing pre-salt deepwater crude and supplying most of Brazil's fuel.
Buys from 5
- SLBSLBdrilling, completion and subsurface services
- HalliburtonHALfracturing, cementing and well services
- Baker HughesBKRLNG compression trains, turbines and well equipment
- SBM Offshorechartered FPSOs for pre-salt fields
- MODECchartered FPSOs for pre-salt fields
Sells to 2
- Chinese refinerspre-salt crude exports52% of Q4 2025 crude exports; 62% in Q1 2026 (company data via press)
- Brazilian fuel distributorsdiesel, gasoline and LPG from its refineries
Where the chain could break
- Brazilian government is controlling shareholder and can steer fuel pricing and capex
- China takes more than half of crude exports
- Output concentrated in Santos Basin pre-salt FPSOs
Competes with
- OPEC+supply quotas that set the crude price
- Fuel importers into Brazilimported diesel and gasoline
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.