Latin America: oil companies by revenue 2023

In 2023, Brazilian state-owned oil company Petrobras was the leading oil and gas company in Latin America, based on annual sales, with almost 102.4 billion U.S. dollars worth of revenue that year. Mexico's Pemex closely followed, with 101.6 billion U.S. dollars of sales revenue that year.

Sales revenue of selected oil and gas companies in Latin America in fiscal year 2023 (in billion U.S. dollars)

Company (Country)	Revenue in billion U.S. dollars
Petrobras (Brazil)	102.41
Pemex (Mexico)	101.64
Ecopetrol (Columbia)*	37.11
Vibra Energia SA (Brazil)**	31.32
Empresas Copec (Chile)	29.18
YPF (Argentina)	17.31

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Release date

May 2024

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Region

LAC

Survey time period

2023

Special properties

* Figures calculated by Statista from Colombian pesos assuming one COP to 0.00026 USD. ** Calculated from Brazilian real assuming one BRL to 0.19 USD.

Supplementary notes

Figures were taken from the following reports:

Ecopetrol: 2023 Form 20-F, page F-10.
Empresas Copec: Memoria Integrada 2023, page 13.
Pemex: 2023 Form 20-F, page 122.
Petrobras: Annual Report and Form 20-F 2023, page 178.
Vibra Energia: Financial Statements and Independent Auditors' Report 2023, page 26.
YPF: 2023 Form 20-F, page 21.

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