Petróleo Brasileiro S.A. - Petrobras revenue and financials
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In the fiscal year ended December 2025, Petróleo Brasileiro S.A. - Petrobras reported revenue of $89.2B (−2.43% year over year). Net income was $110.13B, a net margin of 123.5%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −2.43%
- 2025 vs 2024
- Net income growth
- +1,362.93%
- 2025 vs 2024
- Net margin
- 123.5%
- 2024: 8.2%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 200,333 | 37,984 | 43,212 | 49,717 | 37,791 | 28,890 | 25,600 | 26,353 | 27,112 | 26,114 |
| Depreciation and amortization | 87,969 | 12,479 | 69,327 | 71,876 | — | 74,784 | — | 12,028 | 13,307 | 13,965 |
| Capital expenditure | -19,521 | -14,644 | -12,114 | -9,581 | — | -29,974 | -34,010 | -12,021 | -13,639 | -14,085 |
| Investing cash flow | -15,639 | -72,363 | -39,495 | -432 | — | — | — | -17,788 | -35,218 | -40,064 |
| Financing cash flow | -97,122 | -33,088 | -30,700 | -51,453 | — | -101,773 | — | — | — | — |
| Dividends paid | -35,656 | -18,327 | -19,670 | -194,200 | -72,153 | — | — | -2,368 | — | — |
| Share repurchases | 0.0 | -380 | -3,644 | 0.0 | — | — | — | — | — | — |
| Debt issued | 5,320 | 12,027 | 2,210 | 2,880 | 9,647 | — | — | 37,057 | 86,467 | — |
| Debt repaid | -12,735 | -78,605 | -52,415 | -75,386 | -144,949 | -164,354 | -127,750 | — | -115,091 | — |
| Effect of exchange rates | -1,743 | 6,941 | -2,876 | -3,636 | 3,650 | 8,323 | — | 8,342 | — | — |
| Net change in cash | 3,002 | -8,473 | 19,890 | -2,168 | -2,448 | — | — | — | 5,386 | — |
| Free cash flow | 16,526 | 23,340 | 31,098 | 40,136 | — | — | — | — | — | — |
| Levered free cash flow | 85,002 | — | — | 234,829 | — | — | — | 53,638 | 30,280 | — |