PETROBRAS - PETROLEO BRASILEIRO SA

EDGAR

Annual consolidated revenue for 2025: about USD 89.2B, using the latest reported figures. The previous period, 2024, was about USD 91.42B.

Watchlist

Latest fiscal year

Revenue

89.2 billion USD

2025 · USD

Exact inputs and evidence
  • Revenue: 89195000000 USD Source

Operating margin

29.28%

2025 · %

Exact inputs and evidence
  • Operating Income: 26113000000 USD Source
  • Revenue: 89195000000 USD Source

Operating cash flow

36 billion USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 36047000000 USD Source

Free cash flow

16.5 billion USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 36047000000 USD Source
  • Capital Expenditure Including Intangibles: 19521000000 USD Source
Cash and cash equivalents
6.47 billion USD Source
Exact value

6471000000 USD

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 4 of 11 periods available· newest 2018-12-31
  • Total assets: 10 of 11 periods available· newest 2025-12-31
  • Total liabilities: 10 of 11 periods available· newest 2025-12-31
  • Current assets: 10 of 11 periods available· newest 2025-12-31
  • Current liabilities: 10 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -2.4%

    Prior period

    USD 91.42 billion

    –

    Current period

    USD 89.2 billion

    –

    Exact inputs and evidence

    89195000000 − 91416000000 = -2221000000 USD

    91416000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    89195000000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +160.8%

    Prior period

    USD 7.53 billion

    –

    Current period

    USD 19.63 billion

    –

    Exact inputs and evidence

    19634000000 − 7528000000 = 12106000000 USD

    7528000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    19634000000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -5.1%

    Prior period

    USD 37.98 billion

    –

    Current period

    USD 36.05 billion

    –

    Exact inputs and evidence

    36047000000 − 37984000000 = -1937000000 USD

    37984000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    36047000000 USD · 2025-01-01 – 2025-12-31

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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 89.2 billion 100% of revenue
  • Cost of revenue USD 46.74 billion 52% of revenue
  • Operating expenses USD 16.35 billion 18% of revenue
  • Operating income USD 26.11 billion 29% of revenue
  • Tax, interest and other Derived USD 6.48 billion 7.3% of revenue
  • Net income USD 19.63 billion 22% of revenue

Cash

  • Operating cash flow USD 36.05 billion 40% of revenue
  • Capital expenditure including intangibles USD 19.52 billion 22% of revenue
  • Free cash flow Derived Capital expenditure here includes intangible assets. USD 16.53 billion 19% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Net loss: net income was −6.7% of revenue.
  • 2017 Net loss: net income was −0.1% of revenue.
  • 2018 11%80%
  • 2019 13%14%73%
  • 2020 17%81%
  • 2021 24%21%55%
  • 2022 29%16%54%
  • 2023 24%13%63%
  • 2024 21%71%
  • 2025 22%71%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-3172426000000 68123000000 Derived 4303000000 9141000000 Derived -4838000000 12029000000 Derived
Source
2017 2017-01-01 – 2017-12-3177884000000 67331000000 Derived 10553000000 10644000000 Derived -91000000 13473000000 Derived
Source
2018 2018-01-01 – 2018-12-3184638000000 67850000000 Derived 16788000000 9615000000 Derived 7173000000 14332000000 Derived
Source
2019 2019-01-01 – 2019-12-3176589000000 55975000000 Derived 20614000000 10463000000 Derived 10151000000 Unavailable
Source
2020 2020-01-01 – 2020-12-3153683000000 43620000000 Derived 10063000000 8922000000 Derived 1141000000 23016000000 Derived Capital expenditure here includes intangible assets.
Source
2021 2021-01-01 – 2021-12-3183966000000 46382000000 Derived 37584000000 17709000000 Derived 19875000000 31466000000 Derived Capital expenditure here includes intangible assets.
Source
2022 2022-01-01 – 2022-12-31124474000000 67360000000 Derived 57114000000 20491000000 Derived 36623000000 40136000000 Derived Capital expenditure here includes intangible assets.
Source
2023 2023-01-01 – 2023-12-31102409000000 64376000000 Derived 38033000000 13149000000 Derived 24884000000 31098000000 Derived Capital expenditure here includes intangible assets.
Source
2024 2024-01-01 – 2024-12-3191416000000 64540000000 Derived 26876000000 19348000000 Derived 7528000000 23340000000 Derived Capital expenditure here includes intangible assets.
Source
2025 2025-01-01 – 2025-12-3189195000000 63082000000 Derived 26113000000 6479000000 Derived 19634000000 16526000000 Derived Capital expenditure here includes intangible assets.
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 89.2B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.134.4B100.8B67.2B33.6B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue72426000000
2017Revenue77884000000
2018Revenue84638000000
2019Revenue76589000000
2020Revenue53683000000
2021Revenue83966000000
2022Revenue124474000000
2023Revenue102409000000
2024Revenue91416000000
2025Revenue89195000000

Revenue growth

Change in revenue from the same financial period one year earlier.

-2.4% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.63%38%13%-12%-37%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-25.6%
2017Year over year7.5%
2018Year over year8.7%
2019Year over year-9.5%
2020Year over year-29.9%
2021Year over year56.4%
2022Year over year48.2%
2023Year over year-17.7%
2024Year over year-10.7%
2025Year over year-2.4%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 29.3% 2025
Net margin 22% 2025
Free cash flow margin 18.5% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.50%35%20%4%-11%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin5.9%
2017Operating margin13.5%
2018Operating margin19.8%
2019Operating margin26.9%
2020Operating margin18.7%
2021Operating margin44.8%
2022Operating margin45.9%
2023Operating margin37.1%
2024Operating margin29.4%
2025Operating margin29.3%
2016Net margin-6.7%
2017Net margin-0.1%
2018Net margin8.5%
2019Net margin13.3%
2020Net margin2.1%
2021Net margin23.7%
2022Net margin29.4%
2023Net margin24.3%
2024Net margin8.2%
2025Net margin22%
2016Free cash flow margin16.6%
2017Free cash flow margin17.3%
2018Free cash flow margin16.9%
2019Free cash flow marginNot reported
2020Free cash flow margin42.9%
2021Free cash flow margin37.5%
2022Free cash flow margin32.2%
2023Free cash flow margin30.4%
2024Free cash flow margin25.5%
2025Free cash flow margin18.5%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 36B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.53.7B40.3B26.8B13.4B0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow26114000000
2017Operating cash flow27112000000
2018Operating cash flow26353000000
2019Operating cash flow25600000000
2020Operating cash flow28890000000
2021Operating cash flow37791000000
2022Operating cash flow49717000000
2023Operating cash flow43212000000
2024Operating cash flow37984000000
2025Operating cash flow36047000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 16.5B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.43.3B32.5B21.7B10.8B0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow12029000000
2017Free cash flow13473000000
2018Free cash flow14332000000
2019Free cash flowUnavailable
2020Free cash flow23016000000
2021Free cash flow31466000000
2022Free cash flow40136000000
2023Free cash flow31098000000
  • Operating Cash Flow: 43212000000 Open source
  • Capital Expenditure Including Intangibles: 12114000000 Open source
2024Free cash flow23340000000
  • Operating Cash Flow: 37984000000 Open source
  • Capital Expenditure Including Intangibles: 14644000000 Open source
2025Free cash flow16526000000
  • Operating Cash Flow: 36047000000 Open source
  • Capital Expenditure Including Intangibles: 19521000000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

65.9% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.74%56%37%19%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets68.6%
2017Liabilities / assets67.6%
2018Liabilities / assets67%
2019Liabilities / assets67.7%
2020Liabilities / assets68.5%
2021Liabilities / assets60%
2022Liabilities / assets62.7%
2023Liabilities / assets63.6%
2024Liabilities / assets67.3%
2025Liabilities / assets65.9%

Current assets to current liabilities

Current assets divided by current liabilities.

0.71× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.04×1.53×1.02×0.51×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities1.8×
2017Current assets / current liabilities1.89×
2018Current assets / current liabilities1.48×
2019Current assets / current liabilities0.97×
2020Current assets / current liabilities1.04×
2021Current assets / current liabilities1.25×
2022Current assets / current liabilities1×
2023Current assets / current liabilities0.96×
2024Current assets / current liabilities0.69×
2025Current assets / current liabilities0.71×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
−USD 4.84 billion
Exact value

Exact value: -4838000000 USD

2016-01-01 – 2016-12-31: -4838000000 USD Inspect Net Income Open source
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USD 26.11 billion
Exact value

Exact value: 26114000000 USD

2016-01-01 – 2016-12-31: 26114000000 USD Inspect Operating Cash Flow Open source
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USD 14.09 billion
Exact value

Exact value: 14085000000 USD

2016-01-01 – 2016-12-31: 14085000000 USD Inspect Capital Expenditure Open source
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USD 12.03 billion
Calculation and evidence

26114000000 − 14085000000 USD

Exact free cash flow: 12029000000 USD

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2017 2017-01-01 – 2017-12-31
−USD 91 million
Exact value

Exact value: -91000000 USD

2017-01-01 – 2017-12-31: -91000000 USD Inspect Net Income Open source
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USD 27.11 billion
Exact value

Exact value: 27112000000 USD

2017-01-01 – 2017-12-31: 27112000000 USD Inspect Operating Cash Flow Open source
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USD 13.64 billion
Exact value

Exact value: 13639000000 USD

2017-01-01 – 2017-12-31: 13639000000 USD Inspect Capital Expenditure Open source
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USD 13.47 billion
Calculation and evidence

27112000000 − 13639000000 USD

Exact free cash flow: 13473000000 USD

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2018 2018-01-01 – 2018-12-31
USD 7.17 billion
Exact value

Exact value: 7173000000 USD

2018-01-01 – 2018-12-31: 7173000000 USD Inspect Net Income Open source
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USD 26.35 billion
Exact value

Exact value: 26353000000 USD

2018-01-01 – 2018-12-31: 26353000000 USD Inspect Operating Cash Flow Open source
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USD 12.02 billion
Exact value

Exact value: 12021000000 USD

2018-01-01 – 2018-12-31: 12021000000 USD Inspect Capital Expenditure Open source
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USD 14.33 billion
Calculation and evidence

26353000000 − 12021000000 USD

Exact free cash flow: 14332000000 USD

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2019 2019-01-01 – 2019-12-31
USD 10.15 billion
Exact value

Exact value: 10151000000 USD

2019-01-01 – 2019-12-31: 10151000000 USD Inspect Net Income Open source
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USD 25.6 billion
Exact value

Exact value: 25600000000 USD

2019-01-01 – 2019-12-31: 25600000000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
USD 1.14 billion
Exact value

Exact value: 1141000000 USD

2020-01-01 – 2020-12-31: 1141000000 USD Inspect Net Income Open source
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USD 28.89 billion
Exact value

Exact value: 28890000000 USD

2020-01-01 – 2020-12-31: 28890000000 USD Inspect Operating Cash Flow Open source
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USD 5.87 billion Capital expenditure here includes intangible assets.
Exact value

Exact value: 5874000000 USD

2020-01-01 – 2020-12-31: 5874000000 USD Inspect Capital Expenditure Including Intangibles Open source
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USD 23.02 billion Capital expenditure here includes intangible assets.
Calculation and evidence

28890000000 − 5874000000 USD

Exact free cash flow: 23016000000 USD

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2021 2021-01-01 – 2021-12-31
USD 19.88 billion
Exact value

Exact value: 19875000000 USD

2021-01-01 – 2021-12-31: 19875000000 USD Inspect Net Income Open source
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USD 37.79 billion
Exact value

Exact value: 37791000000 USD

2021-01-01 – 2021-12-31: 37791000000 USD Inspect Operating Cash Flow Open source
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USD 6.33 billion Capital expenditure here includes intangible assets.
Exact value

Exact value: 6325000000 USD

2021-01-01 – 2021-12-31: 6325000000 USD Inspect Capital Expenditure Including Intangibles Open source
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USD 31.47 billion Capital expenditure here includes intangible assets.
Calculation and evidence

37791000000 − 6325000000 USD

Exact free cash flow: 31466000000 USD

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2022 2022-01-01 – 2022-12-31
USD 36.62 billion
Exact value

Exact value: 36623000000 USD

2022-01-01 – 2022-12-31: 36623000000 USD Inspect Net Income Open source
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USD 49.72 billion
Exact value

Exact value: 49717000000 USD

2022-01-01 – 2022-12-31: 49717000000 USD Inspect Operating Cash Flow Open source
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USD 9.58 billion Capital expenditure here includes intangible assets.
Exact value

Exact value: 9581000000 USD

2022-01-01 – 2022-12-31: 9581000000 USD Inspect Capital Expenditure Including Intangibles Open source
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USD 40.14 billion Capital expenditure here includes intangible assets.
Calculation and evidence

49717000000 − 9581000000 USD

Exact free cash flow: 40136000000 USD

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2023 2023-01-01 – 2023-12-31
USD 24.88 billion
Exact value

Exact value: 24884000000 USD

2023-01-01 – 2023-12-31: 24884000000 USD Inspect Net Income Open source
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USD 43.21 billion
Exact value

Exact value: 43212000000 USD

2023-01-01 – 2023-12-31: 43212000000 USD Inspect Operating Cash Flow Open source
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USD 12.11 billion Capital expenditure here includes intangible assets.
Exact value

Exact value: 12114000000 USD

2023-01-01 – 2023-12-31: 12114000000 USD Inspect Capital Expenditure Including Intangibles Open source
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USD 31.1 billion Capital expenditure here includes intangible assets.
Calculation and evidence

43212000000 − 12114000000 USD

Exact free cash flow: 31098000000 USD

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2024 2024-01-01 – 2024-12-31
USD 7.53 billion
Exact value

Exact value: 7528000000 USD

2024-01-01 – 2024-12-31: 7528000000 USD Inspect Net Income Open source
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USD 37.98 billion
Exact value

Exact value: 37984000000 USD

2024-01-01 – 2024-12-31: 37984000000 USD Inspect Operating Cash Flow Open source
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USD 14.64 billion Capital expenditure here includes intangible assets.
Exact value

Exact value: 14644000000 USD

2024-01-01 – 2024-12-31: 14644000000 USD Inspect Capital Expenditure Including Intangibles Open source
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USD 23.34 billion Capital expenditure here includes intangible assets.
Calculation and evidence

37984000000 − 14644000000 USD

Exact free cash flow: 23340000000 USD

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2025 2025-01-01 – 2025-12-31
USD 19.63 billion
Exact value

Exact value: 19634000000 USD

2025-01-01 – 2025-12-31: 19634000000 USD Inspect Net Income Open source
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USD 36.05 billion
Exact value

Exact value: 36047000000 USD

2025-01-01 – 2025-12-31: 36047000000 USD Inspect Operating Cash Flow Open source
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USD 19.52 billion Capital expenditure here includes intangible assets.
Exact value

Exact value: 19521000000 USD

2025-01-01 – 2025-12-31: 19521000000 USD Inspect Capital Expenditure Including Intangibles Open source
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USD 16.53 billion Capital expenditure here includes intangible assets.
Calculation and evidence

36047000000 − 19521000000 USD

Exact free cash flow: 16526000000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

3,736 filings · 1,611 latest values · 1,611 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001119639, 1119639, PBR, PBR-A, edgar:1119639

Also known as BRAZILIAN PETROLEUM CORP, PETROBRAS - PETROLEO BRASILEIRO SA