| Oil & Gas Production: in 2021 |
912 mmboe |
| Short-Term Expansion: (Next 1–7 Years) |
8,043 mmboe |
| Capital spent on Exploration: (3-Year-Average) |
$ 633 M |
Listed on the Global Oil & Gas Exit List 2022
904 results Total investment of current selection: $ 39,024 M
| # | Name | Name | Name | Type | Country of HQ | Country of HQ | Country of HQ | Shares | Bonds | Total | Shares | Bonds | Total | Shares $M | Bonds $M | Total $M | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | GQG Partners | Petroleo Brasileiro SA – Petrobras | GQG Partners | investment | United States | Brazil | North America | South America | $ 6,429 M | $ 6,429 M | $ 6,429 M | $ 6,429 M | ||||||||
| 2 | 1 | BNDES | Petroleo Brasileiro SA – Petrobras | BNDES | investment | Brazil | Brazil | South America | South America | $ 4,993 M | $ 4,993 M | $ 4,993 M | $ 4,993 M | ||||||||
| 3 | 1 | BlackRock | Petroleo Brasileiro SA – Petrobras | BlackRock | investment | United States | Brazil | North America | South America | $ 3,004 M | $ 36 M | $ 3,041 M | $ 3,004 M | $ 36 M | $ 3,041 M | ||||||
| 4 | 1 | Vanguard | Petroleo Brasileiro SA – Petrobras | Vanguard | investment | United States | Brazil | North America | South America | $ 1,519 M | $ 10 M | $ 1,529 M | $ 1,519 M | $ 10 M | $ 1,529 M | ||||||
| 5 | 1 | Fidelity Investments | Petroleo Brasileiro SA – Petrobras | Fidelity Investments | investment | United States | Brazil | North America | South America | $ 937 M | $ 9 M | $ 946 M | $ 937 M | $ 9 M | $ 946 M | ||||||
| 6 | 1 | Banco Classico | Petroleo Brasileiro SA – Petrobras | Banco Classico | investment | Brazil | Brazil | South America | South America | $ 936 M | $ 936 M | $ 936 M | $ 936 M | ||||||||
| 7 | 1 | Itaú Unibanco | Petroleo Brasileiro SA – Petrobras | Itaú Unibanco | investment | Brazil | Brazil | South America | South America | $ 816 M | $ <1 M | $ 816 M | $ 816 M | $ <1 M | $ 816 M | ||||||
| 8 | 1 | Arrowstreet Capital | Petroleo Brasileiro SA – Petrobras | Arrowstreet Capital | investment | United States | Brazil | North America | South America | $ 794 M | $ 794 M | $ 794 M | $ 794 M | ||||||||
| 9 | 1 | Opportunity Asset Management | Petroleo Brasileiro SA – Petrobras | Opportunity Asset Management | investment | Brazil | Brazil | South America | South America | $ 738 M | $ 738 M | $ 738 M | $ 738 M | ||||||||
| 10 | 1 | Caixa Econômica Federal | Petroleo Brasileiro SA – Petrobras | Caixa Econômica Federal | investment | Brazil | Brazil | South America | South America | $ 728 M | $ <1 M | $ 728 M | $ 728 M | $ <1 M | $ 728 M | ||||||
| 11 | 1 | Baillie Gifford | Petroleo Brasileiro SA – Petrobras | Baillie Gifford | investment | United Kingdom | Brazil | Europe (non EU) | South America | $ 726 M | $ 726 M | $ 726 M | $ 726 M | ||||||||
| 12 | 1 | Government Pension Fund Global (GPFG) | Petroleo Brasileiro SA – Petrobras | Government Pension Fund Global (GPFG) | investment | Norway | Brazil | Europe (non EU) | South America | $ 711 M | $ 711 M | $ 711 M | $ 711 M | ||||||||
| 13 | 1 | Dimensional Fund Advisors | Petroleo Brasileiro SA – Petrobras | Dimensional Fund Advisors | investment | United States | Brazil | North America | South America | $ 645 M | $ <1 M | $ 645 M | $ 645 M | $ <1 M | $ 645 M | ||||||
| 14 | 1 | Franklin Resources | Petroleo Brasileiro SA – Petrobras | Franklin Resources | investment | United States | Brazil | North America | South America | $ 273 M | $ 231 M | $ 505 M | $ 273 M | $ 231 M | $ 505 M | ||||||
| 15 | 1 | UBS | Petroleo Brasileiro SA – Petrobras | UBS | investment | Switzerland | Brazil | Europe (non EU) | South America | $ 419 M | $ 18 M | $ 437 M | $ 419 M | $ 18 M | $ 437 M | ||||||
| 16 | 1 | Lazard | Petroleo Brasileiro SA – Petrobras | Lazard | investment | Bermuda | Brazil | North America | South America | $ 394 M | $ <1 M | $ 394 M | $ 394 M | $ <1 M | $ 394 M | ||||||
| 17 | 1 | Dodge & Cox | Petroleo Brasileiro SA – Petrobras | Dodge & Cox | investment | United States | Brazil | North America | South America | $ 1 M | $ 388 M | $ 389 M | $ 1 M | $ 388 M | $ 389 M | ||||||
| 18 | 1 | Schroders | Petroleo Brasileiro SA – Petrobras | Schroders | investment | United Kingdom | Brazil | Europe (non EU) | South America | $ 369 M | $ 1 M | $ 370 M | $ 369 M | $ 1 M | $ 370 M | ||||||
| 19 | 1 | Banco do Brasil | Petroleo Brasileiro SA – Petrobras | Banco do Brasil | investment | Brazil | Brazil | South America | South America | $ 366 M | $ <1 M | $ 366 M | $ 366 M | $ <1 M | $ 366 M | ||||||
| 20 | 1 | Government Pension Investment Fund (GPIF) | Petroleo Brasileiro SA – Petrobras | Government Pension Investment Fund (GPIF) | investment | Japan | Brazil | East Asia | South America | $ 354 M | $ 354 M | $ 354 M | $ 354 M | ||||||||
| 21 | 1 | Renaissance Technologies | Petroleo Brasileiro SA – Petrobras | Renaissance Technologies | investment | United States | Brazil | North America | South America | $ 347 M | $ 347 M | $ 347 M | $ 347 M | ||||||||
| 22 | 1 | Goldman Sachs | Petroleo Brasileiro SA – Petrobras | Goldman Sachs | investment | United States | Brazil | North America | South America | $ 316 M | $ 316 M | $ 316 M | $ 316 M | ||||||||
| 23 | 1 | Two Sigma Investments | Petroleo Brasileiro SA – Petrobras | Two Sigma Investments | investment | United States | Brazil | North America | South America | $ 296 M | $ 296 M | $ 296 M | $ 296 M | ||||||||
| 24 | 1 | Morgan Stanley | Petroleo Brasileiro SA – Petrobras | Morgan Stanley | investment | United States | Brazil | North America | South America | $ 281 M | $ 1 M | $ 282 M | $ 281 M | $ 1 M | $ 282 M | ||||||
| 25 | 1 | Bradesco | Petroleo Brasileiro SA – Petrobras | Bradesco | investment | Brazil | Brazil | South America | South America | $ 271 M | $ 8 M | $ 279 M | $ 271 M | $ 8 M | $ 279 M |
Remarks
Financial data is drawn from the commercial databases Refinitiv and EMAXX. For a selection of pension funds, data was collected from the pension funds' disclosure. The data was retrieved in January 2023, but filings can be older than that and might have changed since. This might especially be the case if an investor introduced a fossil fuel policy in the meantime. We acknowledge that shares and bonds of some Russian companies can't be traded on all markets anymore and were written off some investors’ portfolios.
This report is meant for information purposes only and not as a source of any specific investment recommendation. Nothing herein shall constitute or be construed as a recommendation, endorsement, or sponsorship of any company or fund. You should determine on your own whether you agree with the content of this information and data provided.
Since publications, various corrections to the data were made. The most recent update was made on 8 August 2023.
For any questions or requests for further information, please get in touch with us: financeresearch@urgewald.org