Petrobras is among the world's top five power sector leaders and is the second biggest company in Latin America, according to studies published by Goldman Sachs and by AméricaEconomía magazine.
The financial consultancy’s report took criteria such as return on capital, position in the industry, and environmental, social and corporate governance issues into account. Meanwhile, the biggest Latin American company ranking published by AméricaEconomía assessed financial information of 500 companies. In the ranking announced by AméricaEconomía magazine, Petrobras appears in second place, ahead of Venezuelan state-owned PDVSA, and second only to Mexican oil company Pemex. According to the study, the Company rose from third to second position, with a 12% increase in sales in a year, topping-out at $96.3 billion in 2007. Petrobras Distribuidora ranked 7th. According to the publication, if Petrobras maintains the average growth rate it has had in the past ten years (18.63%) in 2008, it is expected to close the year as the biggest company in sales in Latin America.
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