Global 500 rank: 65 (Previous rank: 86)
Profits (millions): $12,826
Change from 2005: 24.0%
Brazil's state-owned oil and gas producer is Latin America's biggest and most profitable company on the Global 500. Profits jumped 24% as Petrobas set a production record last year, pumping 1.8 million barrels of crude oil a day. The Brazilian government's decision in 2005 to allow domestic gasoline prices to rise 10% also boosted results.
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Petrobras
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