Rank: 23 (Previous rank: 34)
CEO: Maria das Graças Silva Foster
Address: Av. Rep. do Chile 65
Rio de Janeiro, 20031-912
Brazil's state-controlled oil company has hit some rough waters. While it remains the world's largest deepwater oil producer, the company says it foresees a slight decrease in total production over the next five years -- about 2.5 million barrels per day in 2016, compared to the estimated 3 million barrels per day by 2015 the company projected in its 2011 five-year business plan. The forecast follows an earlier announcement of Petrobras' plan to increase gasoline prices by 7.8 percent and diesel prices by 3.9 percent. --S.J.
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|Company||2011 Number of Employees|
|China National Petroleum||1,668,072|