Petrobras protected from U.S. tariff damage by strong Asian demand, CEO says

[Bolsonaro Considers Privatization of Oil State Company Petrobras]
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Petrobras (NYSE:PBR [https://seekingalpha.com/symbol/PBR]) is in a strong position [https://www.bloomberg.com/news/articles/2025-09-02/petrobras-can-withstand-trade-war-and-sees-india-as-key-market?srnd=homepage-americas] to withstand the Trump administration's trade war because of demand from India and other Asian countries for its products, CEO Magda Chambriard told Bloomberg on Tuesday.

China is Petrobras' (NYSE:PBR [https://seekingalpha.com/symbol/PBR]) biggest buyer with 52% of its total oil exports in Q2 while the U.S. accounted for 8% of its oil export, and Chambriard said that even though oil is excluded from tariffs, the small amount of exports to the U.S. means the company is not very exposed to U.S. trade policies.

Even before the Trump administration slapped 50% tariffs on Brazil last month, the U.S. had slipped to fourth place among the biggest importers of Brazilian crude.

India presents itself to Brazil and Petrobras as a buyer of any product we want to export," the CEO told Bloomberg.

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