Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 5

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 5
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. We also participate in the domestic power market primarily through our investments in gas-fired thermoelectric power plants.
  
Annual Report and Form 20-F 2024 |

We currently divide our business into three main segments:
 
_                                               Exploration                                            
                                      &amp; Production (E&amp;P): this                                 
         segment covers the activities of exploration, development and production of crude oil, NGL    
    and natural gas in Brazil and abroad, for the primary purpose of supplying our domestic refineries.
     This segment also operates through partnerships with other companies, including holding interests 
                                in non-Brazilian companies in this segment.                            
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_                                             Refining,                                           
                           Transportation &amp; Marketing (RT&amp;M): this                        
       segment covers the activities of refining, logistics, transport, acquisition and exports   
       of crude oil, as well as trading of oil products in Brazil and abroad. This segment also   
    includes petrochemical operations (which involves holding interests in petrochemical companies
                                in Brazil), and fertilizer production.                            
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_                                                Gas                                              
                             &amp; Low Carbon Energies (G&amp;LCE): this                          
      segment covers the activities of logistics and trading of natural gas and electricity, the  
     transportation and trading of LNG, the generation of electricity by means of thermoelectric  
    power plants, as well as natural gas processing. It also includes renewable energy businesses,
    low carbon services (carbon capture, utilization and storage) and the production of biodiesel 
                                         and its co-products.                                     
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 Activities that are not attributed to business segments are classified as “Corporate and Other Businesses,” including general corporate matters, in addition to distribution businesses. Corporate items mainly include those related to corporate financial management, overhead central administration, and other expenses, including actuarial costs associated with pension and health plans for beneficiaries. The other businesses cover the distribution of oil products throughout South America.
 For further information regarding our business segments, see Note 13 to our audited consolidated financial statements, as well as “Operating and Financial Review and Prospects” in this annual report.
 In 2024, we had activities, as described below, in seven countries besides Brazil (i.e., Argentina, Bolivia, Colombia, the U.S., the Netherlands, Democratic Republic of São Tomé and Príncipe, and Singapore).
 In Latin America, our operations include upstream, marketing and retail services. In North America, we produce oil and gas through an interest in a joint venture