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Petrobras - Petroleo Brasileiro SA (PBR): Financial Statements and Key Figures

Petrobras - Petroleo Brasileiro SA (ticker PBR) is classified by the SEC under industry code 1311, Crude Petroleum & Natural Gas, and is listed on NYSE. It files its annual report with the U.S. Securities and Exchange Commission (SEC) on Form 20-F and reports in US dollars. Its fiscal 2024 ended on 31 December 2024; the annual report for that year was filed on 3 April 2025. For that year it reported revenue of US$ 91,416 million, net income of US$ 7,528 million and total assets of US$ 181,645 million at the year end. Fiscal years 2016 to 2024 are shown below.

The figures are as the company filed them, standardised by reporting tag; the filing is the authority. For education and analysis, not investment advice.

Key Figures

Money in US$ millions; earnings per share in US dollars. Free cash flow is the cash from operating activities less capital expenditures. Total debt is short-term plus long-term debt, or the total the company itself tags when that is larger. A margin is the profit line divided by revenue; return on equity is net income divided by the average of shareholders' equity at the start and the end of the year. A blank cell means the company does not report the line under a standard tag; it does not mean zero.

Table 1: Key figures of Petrobras - Petroleo Brasileiro SA by fiscal year
Fiscal year	2016	2017	2018	2019	2020	2021	2022	2023	2024
year ended on	31 Dec	31 Dec	31 Dec	31 Dec	31 Dec	31 Dec	31 Dec	31 Dec	31 Dec
Revenue (US$ millions)	81,405	77,884	84,638	76,589	53,683	83,966	124,474	102,409	91,416
Net income (US$ millions)	−4,838	−91	7,173	10,151	1,141	19,875	36,623	24,884	7,528
Earnings per share, diluted (US$)						1.52	2.81	1.91	0.58
Cash from operating activities (US$ millions)	26,114	27,112	26,353	25,600	28,890	37,791	49,717	43,212	37,984
Free cash flow (US$ millions)	12,029	13,473	14,332	34,156	23,016	31,466	40,136	31,098	23,340
Total assets (US$ millions)	246,983	251,366	222,068	229,740	190,010	174,348	187,191	217,067	181,645
Total debt (US$ millions)	118,126	109,046	84,175	63,260	53,888	35,700	29,954	28,801	23,162
Shareholders' equity (US$ millions)	76,779	79,802	71,544	73,323	59,348	69,407	69,492	78,583	59,106
Gross margin	31.9 %	34.3 %	38.3 %	40.3 %	45.6 %	48.6 %	52.2 %	52.7 %	50.3 %
Operating margin	5.3 %	13.5 %	19.8 %	26.9 %	18.7 %	44.8 %	45.9 %	37.1 %	29.4 %
Net margin	−5.9 %	−0.1 %	8.5 %	13.3 %	2.1 %	23.7 %	29.4 %	24.3 %	8.2 %
Return on equity	−6.3 %	−0.1 %	9.5 %	14.0 %	1.7 %	30.9 %	52.7 %	33.6 %	10.9 %

Last twelve months: not shown. No quarterly reports in XBRL (the company files annual, half-year or current reports only): no last-twelve-month figures, none estimated.

Charts

Figure 1: Revenue and net income by fiscal year (US$ millions)

Figure 2: Cash from operating activities and free cash flow by fiscal year (US$ millions)

Compound Growth

The compound annual growth rate is the single yearly rate that, applied every year, takes the first value to the last one: the last value divided by the first, raised to the power of one over the number of years, less one. It uses only the two end values, so an unusual first or last year moves it a great deal.

Revenue: 81,405 in fiscal 2016 to 91,416 in fiscal 2024 (US$ millions), 8 years: 1.5 % a year.
Diluted earnings per share: 1.52 in fiscal 2021 to 0.58 in fiscal 2024 (US dollars per share), 3 years: −27.5 % a year.

Analyse This Company

Each link opens a calculator with Petrobras - Petroleo Brasileiro SA loaded from the same data.

Company Financial Statements: The full income statement, balance sheet and cash flow statement of each fiscal year, with common-size and growth views.
Capital Allocation History: Where the cash from operations went each year: capital expenditures, dividends, share repurchases, debt.
Dividend Sustainability: How the dividends paid compare with earnings and with free cash flow, year by year.
Earnings Quality Trend: How much of reported earnings arrived as cash, and how accruals moved over the years.
Reverse DCF: The growth in free cash flow that a share price you type would assume.
Financial Quality Scores: The Piotroski F-score and the DuPont breakdown of return on equity, worked step by step.
Valuation Range: What a share price you type corresponds to as multiples of earnings, cash flow and book value, against the company's own history.

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Same Industry

The first 12 in alphabetical order of the 14 other companies in the data with the industry code 1311 (Crude Petroleum & Natural Gas), in alphabetical order; the index lists every company.

Source

The annual report first filed for each fiscal year, with a link to its index page on EDGAR, the SEC's filing system. A later annual report repeats earlier years for comparison and sometimes restates them; where a value was taken from a later report, the last column gives the date of the latest one used.

Table 2: The filing behind each fiscal year
Fiscal year	Year ended	Form	Filed	On EDGAR	Later report used, filed
2024	31 Dec 2024	Form 20-F	3 Apr 2025	filing index
2023	31 Dec 2023	Form 20-F	12 Apr 2024	filing index	3 Apr 2025
2022	31 Dec 2022	Form 20-F	29 Mar 2023	filing index	3 Apr 2025
2021	31 Dec 2021	Form 20-F	30 Mar 2022	filing index	12 Apr 2024
2020	31 Dec 2020	Form 20-F	25 Mar 2021	filing index	29 Mar 2023
2019	31 Dec 2019	Form 20-F	23 Mar 2020	filing index	30 Mar 2022
2018	31 Dec 2018	Form 20-F	1 Apr 2019	filing index	25 Mar 2021
2017	31 Dec 2017	Form 20-F	18 Apr 2018	filing index	23 Mar 2020
2016	31 Dec 2016	Form 20-F	18 Apr 2018	filing index	1 Apr 2019

The figures are as filed with the SEC and standardised by reporting tag. The filing is the authority: check it before relying on a number.
A blank cell means the company does not tag that line, or the tagged figure is withheld as incomplete. It does not mean zero.
Currency: every figure is in the currency the company reported that year (US dollars here). Nothing is converted.
Per-share figures are adjusted for stock splits detected from the company's own restated figures, except where a year is flagged; the as-filed values are in the filings.
For a bank, broker, insurer or other financial company (SIC codes 6000 to 6799) net debt, EBITDA, the current ratio and debt to equity are not meaningful and the tools show them as n/m.
A fiscal year is named after the calendar year in which it ends. The data is updated from time to time, not daily; this company's figures were loaded on 13 November 2026.

For education and analysis, not investment advice.