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Petroreconcavo RECV3.SA · BRL

Energy · B3 · 🇧🇷 Brazil

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10.20

-1.45%

Close of 9 Nov 2026, in BRL

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About Petroreconcavo

Its shares trade on B3 under the ticker RECV3.SA. It has been listed since 5 May 2021. In the fiscal year to 31 December 2025, it reported revenue of BRL 3.16bn and net income of BRL 638.4m. At that date it held total assets of BRL 8.67bn and shareholders' equity of BRL 4.33bn.

Petrorecôncavo SA is an oil and gas operator company, which specializes in the operation, development, and revitalization of mature fields in onshore oil and gas basins. The company is headquartered in Mata De Sao Joao, Bahia. The company went IPO on 2021-05-05. The firm specializes in the operation, development and revitalization of mature fields in onshore oil and gas basins. The firm has 155.9 MMboe of 2P (working interest) gross reserves. The firm is advancing in the creation of conditions for access to essential infrastructure for the flow and processing of natural gas by contracting services in the tolling modality, which allows it to directly access the national gas market. The firm's business model is based on purchasing (or providing operating services) concessions for mature onshore fields, operating these fields, revitalizing them and extending their reserves.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Listed since
5 May 2021
Employees
532

Leadership

Pay as last reported

  • Mr. Carlos FerreiraPresident of the Board, since 2021
  • Mr. Jose De Mello FirmoChief Executive Officer, Member of the Executive Board
  • Mr. Eduardo De Britto Pereira AzevedoVice Chairman of the Board, since 2016
  • Mr. Troy FinneyChief Operating Officer, Member of the Executive Board
  • Mr. Rafael Procaci Da CunhaVice President of Finances, Director of Investor Relations, Member of the Executive Board, since 2024
  • Mr. Felipe De AraujoVice President of of People and ESG, Member of the Executive Board
  • Mr. Dennys De CamposVice President of Rigs and Services, Member of the Executive Board
  • Mr. Joao MoreiraVice President of Commercial & M&A, Member of the Executive Board
  • Mr. Philip EpsteinDirector
  • Mr. Leendert LievaartDirector, since 2019
  • Ms. Camille Loyo FariaDirector
  • Mr. Eduardo SantosDirector, since 2021

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
39
Environment
23
Social
42
Governance
52
Direct emissions (scope 1)
390,675.55 t
Energy emissions (scope 2)
6,765.29 t
Women in the workforce
18.28645%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Petroreconcavo SA operates mature onshore fields with 155.9 MMboe of 2P reserves in Bahia.
  • The company has a business model focused on revitalizing mature fields to extend reserves.
  • Petroreconcavo SA advances in creating infrastructure access for natural gas processing.

Weaknesses

  • The company's IPO was on 5 May 2021, which may indicate limited market history.
  • Petroreconcavo SA has 532 employees, which is a small workforce for an energy company.
  • The firm's operations are limited to onshore oil and gas basins in Bahia, Brazil.

Opportunities

  • Petroreconcavo SA can expand its natural gas market access through tolling services.
  • The company may leverage its 155.9 MMboe reserves for future growth opportunities.
  • Advancing infrastructure for natural gas processing opens new market channels.

Threats

  • Petroreconcavo SA faces competition from other oil and gas operators in Bahia.
  • The company's reliance on onshore fields may limit growth in offshore opportunities.
  • Natural gas market access could be affected by regulatory changes in Brazil.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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