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Petrobras Paid Over R$ 270 Billion in Taxes and Royalties in 2024, Boosting Tax Revenue in the Oil Sector!
Petrobras, a giant in the oil sector in Brazil, played a crucial role in the collection of taxes and royalties in 2024.
On average, the company paid R$ 1.1 billion per business day in taxes and government participation, totaling over R$ 270.3 billion throughout the year. This amount reflects the state-owned company’s commitment to the Brazilian economy and its significant contribution to public coffers.
About Petrobras
Petrobras is a publicly traded corporation and one of the global leaders in the exploration and production of oil and natural gas, with a strong presence in deep and ultra-deep waters.
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In addition to extraction, the company operates in the refining, transportation, and marketing of oil and derivatives, expanding its operations in Brazil and abroad.
Focusing on low-carbon energies, the state-owned company invests in the generation and commercialization of natural gas and electricity, as well as advancing sustainable solutions for the energy sector.
Controlled by the Federal Union, Petrobras has shares traded on B3 (PETR3 and PETR4) and on the New York Stock Exchange, allowing investments from Brazilians and foreigners. Its operating model involves strategic partnerships with global companies and investments in logistics, petrochemicals, and fertilizers.
The state-owned company maintains an active relationship with 13 stakeholders, including shareholders, communities, and business partners, ensuring transparency and engagement.
Additionally, its corporate structure includes 13 subsidiaries, strengthening its presence in different segments of the energy industry. With a commitment to sustainability and innovation, Petrobras continues to lead the energy transition in Brazil and worldwide.
Taxes and Government Participation: The Weight of Royalties and Special Participation
In 2024, the total taxes paid by Petrobras was significant, with emphasis on government participation that amounted to R$ 62 billion.
Of these, the largest portion was composed of royalties, valued at R$ 38.1 billion, and special participation, which reached R$ 23.6 billion.
Special participation is a tax aimed at large oil fields and plays a fundamental role in the distribution of revenues from the exploration of natural resources.
With data provided by the National Petroleum Agency (ANP), it can be stated that Petrobras was responsible for 65% of the distribution of royalties and special participation in the country.
This weight demonstrates the company’s relevance in the sector and its responsibility in the economic development of oil-producing regions.
Impact of Petrobras on Brazilian Taxes
Petrobras is one of the largest taxpayers in Brazil, representing about 7% of the country’s total revenue.
At the federal level, the state-owned company’s contribution reaches 6% of the total collected, while in the states, its participation is even more substantial, accounting for 13% of state revenue.
These figures confirm the importance of the company in the Brazilian fiscal scenario and its direct impact on the development of the regions where it operates.
Fernando Melgarejo, financial director and Investor Relations of Petrobras, highlighted that the amount paid by the company in 2024 was the second highest in the last 10 years, reflecting the company’s continuous commitment to the socioeconomic development of Brazil.
He also emphasized that Petrobras is present in 22 states and 128 municipalities, being a driving force for regional and national growth.
With this performance, Petrobras reaffirms its position as one of the pillars of the oil sector in Brazil, maintaining its social and fiscal responsibility towards the country.
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