Petroleo Brasileiro SA Petrobras ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Petroleo Brasileiro SA Petrobras ADR reported revenue of $89.2B (-2.4% year on year) and net income of $26.8B (+140.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $89.2B | $91.4B | $102.4B | $124.5B |
| Cost of sales | ($46.7B) | ($45.4B) | ($48.4B) | ($59.5B) |
| Gross profit | $42.5B | $46.0B | $54.0B | $65.0B |
| Selling expenses | ($5.2B) | ($4.9B) | ($5.0B) | ($4.9B) |
| General and administrative expenses | ($1.9B) | ($1.8B) | ($1.6B) | ($1.3B) |
| Exploration costs | ($1.2B) | ($913.0M) | ($982.0M) | ($887.0M) |
| Research and development expenses | ($864.0M) | ($789.0M) | ($726.0M) | ($792.0M) |
| Other taxes | ($768.0M) | ($1.3B) | ($890.0M) | ($439.0M) |
| Impairment of assets, net | ($1.5B) | ($1.5B) | ($2.7B) | ($1.3B) |
| Other income and expenses, net | ($4.8B) | ($7.9B) | ($4.0B) | $1.8B |
| Total Income (expenses) | ($16.3B) | ($19.1B) | ($15.9B) | ($7.9B) |
| Income before net finance income, results of equity-accounted investments and income taxes | $26.1B | $26.9B | $38.0B | $57.1B |
| Interest Income | $1.5B | $2.0B | $2.2B | $1.8B |
| Finance expenses | ($4.3B) | ($6.0B) | ($3.9B) | ($3.5B) |
| Foreign exchange gains (losses) and inflation indexation charges | $3.6B | ($11.1B) | ($580.0M) | ($2.2B) |
| Net finance income (expense) | $734.0M | ($15.1B) | ($2.3B) | ($3.8B) |
| Results of equity-accounted investments | ($52.0M) | ($627.0M) | ($304.0M) | — |
| Net income before income taxes | $26.8B | $11.1B | $35.4B | $53.5B |
| Income taxes | ($7.1B) | ($3.5B) | ($10.4B) | ($16.8B) |
| Net income for the year | $19.7B | $7.6B | $25.0B | $36.8B |
| Profit (loss), attributable to owners of parent | $19.6B | $7.5B | $24.9B | $36.6B |
| Net Income Attributable to Noncontrolling Interest | $86.0M | $77.0M | $111.0M | $132.0M |
| Earnings Per Share (Basic) | $1.52 | $0.58 | — | $2.81 |
| Earnings Per Share (Diluted) | $1.52 | $0.58 | — | — |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and Cash Equivalents | $6.5B | $3.3B | $12.7B | $8.0B |
| Financial investments | $2.7B | — | — | — |
| Accounts Receivable | $4.6B | $3.6B | $6.1B | $5.0B |
| Inventory | $8.2B | $6.7B | $7.7B | $8.8B |
| Income taxes | $658.0M | — | — | — |
| Other taxes recoverable | $1.4B | $1.6B | $960.0M | — |
| Prepayments | $468.0M | — | — | — |
| Other Current Assets | $895.0M | $1.6B | $1.6B | $1.8B |
| Current assets other than assets classified as held for sale | $25.4B | $21.3B | $32.1B | $27.6B |
| Assets classified as held for sale | $25.0M | $510.0M | $335.0M | $3.6B |
| Current assets | $25.4B | $21.8B | $32.4B | $31.3B |
| Trade and other receivables | $851.0M | $1.3B | $1.8B | $2.4B |
| Financial investments | $3.0M | — | — | — |
| Judicial deposits | $14.8B | $11.7B | $14.7B | $11.1B |
| Income taxes | $365.0M | — | — | — |
| Deferred income taxes | $1.0B | $922.0M | $965.0M | $832.0M |
| Other taxes recoverable | $4.2B | $3.6B | $4.5B | — |
| Prepayments | $4.2B | — | — | — |
| Others | $313.0M | $2.5B | $2.3B | $1.6B |
| Long-term receivables | $25.8B | $20.6B | $26.8B | $21.2B |
| Equity Method Investments | $550.0M | $659.0M | $1.4B | $1.6B |
| Property, Plant and Equipment | $168.0B | $136.3B | $153.4B | $130.2B |
| Intangible assets | $2.5B | $2.3B | $3.0B | $3.0B |
| Non-current assets | $196.9B | $159.8B | $184.6B | $155.9B |
| Total assets | $222.3B | $181.6B | $217.1B | $187.2B |
| Accounts Payable | $7.4B | $6.1B | $4.8B | $5.5B |
| Total | $2.2B | $2.6B | $4.3B | $3.6B |
| Operating Lease Liability, Current | $10.0B | $8.5B | $7.2B | $5.6B |
| Income taxes | $1.3B | $1.4B | $1.3B | $2.9B |
| Production taxes and other taxes payable | $3.8B | — | — | — |
| Dividends payable | $2.1B | $2.7B | $3.5B | $4.2B |
| Provision for decommissioning costs | $3.0B | $1.7B | $2.0B | — |
| Employee benefits | $3.8B | $2.3B | $2.9B | $2.2B |
| Others | $2.3B | $2.2B | $3.0B | $3.0B |
| Current liabilities other than Liabilities on assets classified as held for sale | $35.9B | $30.7B | $33.3B | $29.9B |
| Liabilities related to assets classified as held for sale | $103.0M | $713.0M | $541.0M | $1.5B |
| Current liabilities | $36.1B | $31.5B | $33.9B | $31.4B |
| Finance debt | $24.3B | $20.6B | $24.5B | $26.4B |
| Lease liability | $33.3B | $28.6B | $26.6B | $18.3B |
| Income taxes | $576.0M | $530.0M | $299.0M | $302.0M |
| Deferred income taxes | $6.4B | $1.5B | $10.9B | $6.8B |
| Employee benefits | $15.4B | $10.7B | $15.6B | $10.7B |
| Provisions for legal proceedings | $3.3B | $2.8B | $3.3B | $3.0B |
| Provision for decommissioning costs | $25.6B | $24.5B | $21.2B | $18.6B |
| Others | $1.7B | $1.6B | $1.9B | $2.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) for the year | $19.7B | $7.6B | $25.0B | $36.8B |
| Pension and medical benefits | $1.7B | $2.9B | $1.5B | — |
| Results of equity-accounted investments | $52.0M | $627.0M | $304.0M | ($251.0M) |
| Depreciation, depletion and amortization in the Statements of Cash Flows | $15.1B | $12.5B | $13.3B | $13.2B |
| Impairment Charges (CF) | $1.5B | — | — | — |
| Inventory write down (write-back) to net realizable value | $4.0M | ($42.0M) | ($7.0M) | $11.0M |
| Allowance for credit loss on trade and other receivables, net | $80.0M | $260.0M | — | — |
| Exploratory expenditure write-offs | $427.0M | $482.0M | $421.0M | $691.0M |
| Gain on disposal/write-offs of assets | ($19.0M) | ($228.0M) | ($1.3B) | ($1.1B) |
| Foreign exchange, indexation and finance charges | ($1.4B) | $15.4B | $2.5B | $4.6B |
| Income taxes | $7.1B | $3.5B | $10.4B | $16.8B |
| Revision and unwinding of discount on the provision for decommissioning costs | $782.0M | $3.6B | $2.1B | $745.0M |
| Results from co-participation agreements in bid areas | ($237.0M) | ($259.0M) | ($284.0M) | ($4.3B) |
| Early termination and cash outflows revision of lease agreements | ($616.0M) | ($349.0M) | ($415.0M) | ($629.0M) |
| Losses with legal, administrative and arbitration proceedings, net | $1.0B | $996.0M | $797.0M | $1.4B |
| Equalization of expenses - Production Individualization Agreements | $241.0M | — | — | — |
| Trade and other receivables | ($471.0M) | $1.8B | $88.0M | $355.0M |
| Inventories | ($857.0M) | ($295.0M) | $1.6B | ($1.2B) |
| Judicial deposits | ($522.0M) | $229.0M | ($1.7B) | ($1.7B) |
| Other assets | $249.0M | ($165.0M) | $324.0M | ($413.0M) |
| Trade payables | $1.1B | $986.0M | ($954.0M) | ($359.0M) |
| Production taxes and other taxes payable | ($1.2B) | ($3.0B) | ($431.0M) | ($2.4B) |
| Pension and medical benefits | ($1.1B) | ($1.0B) | ($927.0M) | ($2.1B) |
| Provisions for legal proceedings | ($791.0M) | ($467.0M) | ($591.0M) | ($380.0M) |
| Other employee benefits | $1.1B | ($80.0M) | $356.0M | — |
| Provision for decommissioning costs | ($1.1B) | ($977.0M) | ($902.0M) | ($602.0M) |
| Other liabilities | ($852.0M) | ($737.0M) | ($569.0M) | ($95.0M) |
| Income taxes paid | ($5.0B) | ($6.9B) | ($10.0B) | ($11.5B) |
| Net cash provided by operating activities | $36.0B | $38.0B | $43.2B | $49.7B |
| Acquisition of PP&E and intangible assets | ($19.5B) | ($14.6B) | ($12.1B) | ($9.6B) |
| Acquisition of equity interests | $2.0M | ($22.0M) | ($24.0M) | — |
| Proceeds from disposal of assets - Divestment | $613.0M | $863.0M | $3.6B | $4.8B |
| Financial compensation from co-participation agreements | $355.0M | $397.0M | $391.0M | $7.3B |
| Divestment (Investment) in financial investments | $2.8B | ($109.0M) | — | — |
| Dividends received | $128.0M | $146.0M | $88.0M | $374.0M |
| Net cash used in investing activities | ($15.6B) | ($13.4B) | ($8.0B) | ($432.0M) |
| Changes in non-controlling interest | ($1.0M) | ($84.0M) | $1.0M | $63.0M |
| Proceeds from Debt Issuance | $5.3B | $2.1B | $2.2B | $2.9B |
| Repayment of principal - finance debt | ($3.3B) | ($6.5B) | ($4.2B) | ($9.3B) |
| Repayment of interest - finance debt | ($1.8B) | ($1.9B) | ($2.0B) | ($1.9B) |
| Repayment of lease liability | ($9.4B) | ($7.9B) | ($6.3B) | ($5.4B) |
| Dividends paid to Shareholders of Petrobras | ($8.1B) | ($18.3B) | ($19.7B) | ($37.7B) |
| Dividends paid to non-controlling interests | ($40.0M) | ($77.0M) | ($49.0M) | ($81.0M) |
| Net cash used in financing activities | ($17.4B) | ($33.1B) | ($30.7B) | ($51.5B) |
| Net Change in Cash | $198.0M | ($983.0M) | $174.0M | ($316.0M) |
Petroleo Brasileiro SA Petrobras ADR score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.