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DBpedia 2015-10

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Matches in DBpedia 2015-10 for { ?s ?p "Petróleo Brasileiro S.A. or Petrobras (Portuguese pronunciation: [ˌpɛtɾoˈbɾas]) is a semi-public Brazilian multinational energy corporation headquartered in Rio de Janeiro, Brazil. It is the largest company in the Southern Hemisphere by market capitalization and the largest in Latin America measured by 2011 revenues.Petrobras was founded in 1953. While the company ceased to be Brazil's legal monopolist in the oil industry in 1997, it remains a significant oil producer, with output of more than 2 million barrels (320,000 m3) of oil equivalent per day. The company owns oil refineries, oil tankers, and is a major distributor of oil products. Petrobras is a world leader in development of advanced technology from deep-water and ultra-deep water oil production.In September 2010, Petrobras conducted the largest share sale in history, when US$72.8 billion worth of shares in the company were sold on the BM&F Bovespa stock exchange. Upon the sale, Petrobras immediately became the fourth-largest company in the world measured by market capitalization. In 2008, Petrobras surpassed Microsoft, making it the third largest in the Americas by market value, according to the consulting firm Economática. In the same year, the state became the third most profitable company in the Americas, except Canada, surpassing Vale.In September 2010, in order to achieve self-financing for the operation of the pre-salt layer, Petrobras made a capitalization of 70 billion dollars by offering in the financial market, the largest ever in the world. In August 2011 the company broke two records in terms of its net profit—10.94 billion Reais in the second quarter of the year 21.9 billion Reais in the first half of the year.However, in October 2013, the company was rated as the most indebted in the world, according to the Merrill Lynch report. According to Moody's, between December 2013 and October 2014 Petrobras' debt rose by 25 billion to $170 billion. Moody's downgraded Petrobras' debt rating and warned of more downgrades in the future until at least 2016. By 2015 Petrobras faced dangerous exposure to bond markets and could face punitive pricing as the company lacked credibility as it had not published its audited accounts. An investigation called Operation Car Wash placed Petrobras at the center of what may be the largest corruption scandal in Brazil's history. Prominent Brazilian politicians and businessmen are under investigation in regards to "suspicious" contracts worth $22 billion."@en }

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