The chemical composition of the essential oils from Protium giganteum and P. aracouchine was determined, for the first time, using GC-MS analysis. From the oil of P. giganteum, 32 components were identified, representing 93.9% of the oil, and from P. aracouchine, 29 components, representing 97.8% of the oil. Among the compounds identified in the P. giganteum oil, 93.6% were sesquiterpenes, with β-caryophyllene (26.0 ± 0.8%), globulol (9.3 ± 0.2%), α-cadinol (7.0 ± 0.5%), α-humulene (6.4 ± 0.1%) and germacrene D (6.2 ± 0.3%) as the major components. Among the 29 compounds identified in the P. aracouchine oil, 95.9% were sesquiterpenes as well, with spathulenol (31.8 ± 1.6%), α-cis-bergamotene (8.8 ± 0.2 %) and viridiflorol (9.7 ± 0.7%) as the major components.