• Categories
  • Archives

Brazil’s Petrobras World’s Best in Excellence Just Behind Shell

Brazilian oil company Petrobras ranked second in a world evaluation made by the Management & Excellence (M&E) agency. The agency analyzed activities of the 15 largest oil companies in the world. Anglo-Dutch Shell got the first place.

In the last evaluation, Petrobras ranked seventh. Both Petrobras and Shell had a result around 52.8% higher than the average obtained by the other companies.

The government-owned Brazilian company issued a note in which it comments on the evaluation data. The note says that Petrobras scored 83.3% – the highest score – in Corporate Governance, an item for which legal requirements by regulatory agencies for the securities market are the strictest.

In this item, government companies usually score lower," says the note adding, "The oil industry average score in corporate governance was 58.61%".

Petrobras also ranked high in the "Transparency" evaluation: 82.44%, while industry’s average was 54%. "This excellent performance is explained by the company’s practice of keeping the market always informed about everything that happens in it, be it small or great," says the note.



  • 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Your email address will not be published.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.


You May Also Like

At This Pace, Brazil Will Still Have 2.7 Million Children Working in 2015

A study entitled "Brazil Without Child Labor, When?" shows that if the country does ...

Brazilians Welcome Foreign Fashion Buyers in Rio

Fashion Business Week, the Brazilian event that begins this Tuesday, January 13, at Marina ...

Congress Still Tramples on Brazilians’ Rights 25 Years After “Direct Now”

This year marks the 25th anniversary of the “Direct Elections Now” campaign – known ...

Same Old Team

As expected the PFL (Partido da Frente Liberal—Liberal Front Party) got the lion’s share ...

Brazil’s Industrial Capacity Nearing Its Limit

Brazilian market analysts and financial consultants interviewed last week by Brazil’s Central Bank expressed ...

American Pilots Deny Any Wrongdoing on Boeing Crash that Killed 154 in Brazil

Over four years ago, in September 2006, a freak accident occurred over the Amazon ...

New Revelations of Corruption Add Pressure on Brazil’s Senate Chief to Resign

Just-released new reports of alleged fraud and embezzlement by Brazil Senate president, José Sarney, ...

Chile Leads LatAm’s Arms Race Followed by Venezuela and Brazil

Chile is the Latinamerican country which most spends in defense, ahead of Venezuela and ...

Brazil TAM to Fly Non-Stop from Rio to New York and Miami

Starting September 19, Brazilian airline TAM will fly direct from Rio de Janeiro to ...