Petrobras was a publicly traded company engaged in the exploration, production, and distribution of oil and natural gas in Brazil and abroad. Starting from scratch in the 1950s, Petrobras grew over the years to become a globally competitive company with cutting-edge technology in the oil sector. For Brazil, Petrobras was a source of national pride and a symbol of the country’s entrenched economic nationalism. In 2008, Petrobras was named as the most ethical global oil and gas company in the world. The Brazilian federal government had direct influence on Petrobras’ management and operations by virtue of holding 64% of its common shares. Being the largest company in the country, Petrobras controlled enough of the economy and played a key role in bolstering Brazil’s economic growth. As of March 2016, Petrobras was the largest oil and gas operator in Brazil with a capital stock of roughly 7.4 billion common shares and 5.6 billion preferred shares. The Forbes 2016 list ranked it as the eighth-largest public oil and gas company in the world .. ...

Business Environment Case Studies | Case Study in Management, Operations, Strategies, IT and Systems, Case Studies

Business Environment Case Studies Case Studies | Case Study in Management, Operations, Strategies, IT and Systems, Case Studies

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