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[BUSINESS] · Brazil, United States · 24 sources

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Petrobras signs 20-year LNG deal with Sempra and leads global profit margins

Petrobras has secured a 20-year agreement with Sempra Infrastructure to import 800,000 tonnes of liquefied natural gas (LNG) annually. The fuel will be supplied from the Port Arthur LNG Phase 2 project located in Jefferson County, Texas.

This long-term contract is intended to enhance Petrobras's supply security, diversify its natural gas portfolio, and mitigate exposure to market price volatility. The Port Arthur Phase 2 facility is expected to begin commercial operations between 2030 and 2031.

Separately, a study by Dieese and the Single Oil Workers Federation (FUP) reveals that Petrobras achieved the highest profit margin among major international oil companies during the first half of 2026. With a margin of 29.15%, the Brazilian state-owned company outperformed Saudi Aramco (25.48%), Chevron (18.01%), and ExxonMobil (16.33%). During this period, Petrobras reported a net profit of R$ 85.1 billion.

Entities

Dieese · Justin Bird · Petrobras · Port Arthur LNG · Saudi Aramco · Sempra · Sempra Infrastructure · Texas

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