Latinvex 500: Profits Fall 33%

Petrobras headquarters in Rio de Janeiro. The state oil giant posted Latin America's second-highest losses last year, according to the Latinvex 500. (Photo: Petrobras)

Petrobras, from most profitable to second-worst performer in Latin America.


Brazil’s state oil giant Petrobras remains Latin America’s top company in revenues, but has lost its position as the profit leader after posting record losses last year due to a growing corruption scandal and administrative inefficiencies, according to the Latinvex 500 ranking of the region’s 500 largest companies.

The ranking, which is based on data from Economatica and individual companies, shows that a
s a result of posting a $7.4 billion loss last year, Petrobras has gone from Latin America’s most profitable company to the second-worst performer after Mexican state oil company Pemex (a perennial money loser).

The 500 companies on the Latinvex 500 saw their combined revenues decline 7.5 percent to...

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Keywords: Alfa, Brazil, Colombia, Ecopetrol, Mexico, Pacific Rubiales, Pemex, Petrobras


Latinvex 500: Profits Fall 33%

Latinvex 500: The Energy Companies

Latinvex 500: The Food & Beverage Companies

Latinvex 500: The Technology Companies

Latinvex 500: The Multionationals

Latinvex 500: The Country Tally


Latinvex 500 (2014): The Ranking

Latinvex 500 (2014): Alphabetical Order

Latinvex 500 (2014): Most Profitable

Latinvex 500 (2014): Profit Growth Winners& Losers

Latinvex 500 (2014): Revenue Growth Winners & Losers

Latinvex 500 (2014): Top 50 Multinationals


Latinvex 500 (2014): Key Country Results

Latinvex 500 (2014): Argentina’s Top Companies

Latinvex 500 (2014): Brazil’s Top Companies

Latinvex 500 (2014): Chile’s Top Companies

Latinvex 500 (2014): Colombia’s Top Companies

Latinvex 500 (2014): Mexico’s Top Companies

Latinvex 500 (2014): Peru’s Top Companies


Latinvex 500 (2014): Top Airline Companies

Latinvex 500 (2014): Top Chemical Companies

Latinvex 500 (2014): Top 50 Electricity Companies

Latinvex 500 (2014): Top 50 Food & Beverage Companies

Latinvex 500 (2014): Top 25 Oil & Gas Companies

Latinvex 500 (2014): Top 25 Technology Companies