Number 4: Brazil’s Petrobras Bigger than Coca-Cola, GE and Google

    Brazil's Petrobras

    Brazil's Petrobras Petrobras, the Brazilian state-controlled oil and gas multinational ranked fourth in the list of the largest open capital enterprises in the American continent, according to a survey conducted by consultancy firm Economática. Petrobras' market value rose 81% in comparison with the last survey, held in December last year.

    According to figures supplied by Economática, Petrobras' market value has gone from US$ 95.84 billion, as of December 31st, 2008, to US$ 173.59 billion, as of August 4.

    The company was surpassed only by the American companies ExxonMobil (US$ 344.5 billion), Microsoft (US$ 211.8 billion) and Wal Mart (US$ 196.2 billion). Last year, Petrobras ranked 17th in the list, which does not include Canadian companies. In terms of market value, however, Petrobras was already the largest open capital company in Latin America.

    Out of the 25 largest companies in the American continent, only Petrobras and Vale are from Latin America, all of the others being based in North America. Vale, which ranked 33rd late last year, with a market value of US$ 58.46 billion, climbed to the 22nd position, with a market value of US$ 102.92 billion.

    With regard to market value, the Brazilian company surpassed the North American chemical giants Johnson & Johnson (US$ 168.25 billion) and Procter & Gamble (US$ 161.64 billion), which ranked respectively 5th and 6th in the list, as well as multinationals General Electric, Google, Cola-Cola and Pfizer.

    Economática surveyed all of the open capital companies in the United States, Mexico, Peru, Colombia, Venezuela, Chile, Argentina and Brazil.

    Anba

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Brazil Offers Up to US$ 34 Million for Businesses

    The National Economic and Social Development Bank (BNDES) informed in Rio de Janeiro that ...

    Brazil and Mercosur Shooting for a 2006 Trade Agreement with EU

    A top official in the European Union says she hopes the Biregional Association Agreement ...

    CWT design

    Brazilian Design with an Eye for the Ecologically Correct

    Headquartered in Belo Horizonte, capital of the southeastern Brazilian state of Minas Gerais, CWT ...

    Brazil: Salvador’s Dizzying Bazaar of Senses

    In spite of its humble beginnings, the Saint Joachim Market has emerged as the ...

    Brazil Starts Sex Education Campaign for Gays

    The Coordinator of Brazil’s Ministry of Health’s National Program for Sexually Transmitted Diseases and Aids, ...

    Oil refining

    Brazil’s Industry Shows Signs of Cooling Off

    The rhythm of activity in the transformation industry in the second quarter of this ...

    Brazil Sends the Marines to Haiti for Another Half Year

    Brazil will maintain a contingent of 1,200 troops in the MINUSTAH peace force in ...

    Greepeacers Protest Brazil’s Nukes and Go to Jail

    As a form of protest, 11 Greenpeace activists sealed the doors today at the ...

    Brazilian ambassador Evandro Didonet

    Led by Brazil, Mercosur Offers Egypt a Free Trade Agreement

    The Mercosur submitted a free trade agreement negotiation proposal to the Egyptian government last ...

    IMF Gets Money and Gives Some Advice to Brazil on Trade Barriers

    Even after Brazil paid off its debt with the International Monetary Fund (IMF), their ...