Petróleo Brasileiro S.A. - Petrobras CEDEAR

Petróleo Brasileiro S.A. - Petrobras CEDEAR is a depositary receipt that grants Argentine investors access to equity in Petróleo Brasileiro S.A., Brazil’s state-controlled integrated energy company. The underlying company operates across the full oil and gas value chain, including exploration and production, refining, transportation, and commercialization of oil, natural gas, and related derivatives. As a CEDEAR, this instrument allows local market participants to gain exposure to one of Latin America’s largest energy producers using local currency and domestic market infrastructure, while the receipt is backed by shares listed abroad. Petróleo Brasileiro S.A. plays a central role in Brazil’s energy system, particularly in offshore production, fuel supply, and associated logistics, making this CEDEAR a vehicle closely tied to regional energy dynamics and global commodity trends.