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PETROBRAS - PETROLEO BRASILEIRO SA

PBR Clue Score60
Brazil Fiscal year ends December CIK 0001119639
$25.30 +2.47% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $25.30 +136.01% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue81.41Operating income4.31Net income−4.84Fiscal year 2017Revenue77.88 −4.3%Operating income10.55Net income−0.09Fiscal year 2018Revenue84.64 +8.7%Operating income16.79Net income7.17Fiscal year 2019Revenue76.59 −9.5%Operating income20.61Net income10.15 +41.5%Fiscal year 2020Revenue53.68 −29.9%Operating income10.06Net income1.14 −88.8%Fiscal year 2021Revenue83.97 +56.4%Operating income37.58Net income19.88 +1,641.9%EPS, diluted1.52Fiscal year 2022Revenue124.47 +48.2%Operating income57.11Net income36.62 +84.3%EPS, diluted2.81 +84.9%Fiscal year 2023Revenue102.41 −17.7%Operating income38.03Net income24.88 −32.1%EPS, diluted1.91 −32.0%Fiscal year 2024Revenue91.42 −10.7%Operating income26.88Net income7.53 −69.7%EPS, diluted0.58 −69.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue 81.41 77.88 84.64 76.59 53.68 83.97 124.47 102.41 91.42
Growth −4.3% +8.7% −9.5% −29.9% +56.4% +48.2% −17.7% −10.7%
Operating income 4.31 10.55 16.79 20.61 10.06 37.58 57.11 38.03 26.88
Net income −4.84 −0.09 7.17 10.15 1.14 19.88 36.62 24.88 7.53
Growth +41.5% −88.8% +1,641.9% +84.3% −32.1% −69.7%
EPS, diluted n/a n/a n/a n/a n/a 1.52 2.81 1.91 0.58
Growth +84.9% −32.0% −69.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin31.9%Operating margin5.3%Net margin−5.9%Free cash flow margin14.8%Fiscal year 2017Gross margin34.3%Operating margin13.5%Net margin−0.1%Free cash flow margin17.3%Fiscal year 2018Gross margin38.3%Operating margin19.8%Net margin8.5%Free cash flow margin16.9%Fiscal year 2019Gross margin40.3%Operating margin26.9%Net margin13.3%Fiscal year 2020Gross margin45.6%Operating margin18.7%Net margin2.1%Fiscal year 2021Gross margin48.6%Operating margin44.8%Net margin23.7%Fiscal year 2022Gross margin52.2%Operating margin45.9%Net margin29.4%Fiscal year 2023Gross margin52.7%Operating margin37.1%Net margin24.3%Fiscal year 2024Gross margin50.3%Operating margin29.4%Net margin8.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
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%
Free cash flow margin 14.8% 17.3% 16.9% n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow26.11Capital expenditure−14.09Free cash flow12.03Dividends paid−0.12Fiscal year 2017Operating cash flow27.11Capital expenditure−13.64Free cash flow13.47 +12.0%Dividends paid−0.15Fiscal year 2018Operating cash flow26.35Capital expenditure−12.02Free cash flow14.33 +6.4%Dividends paid−2.08Fiscal year 2019Operating cash flow25.60Dividends paid2.95Fiscal year 2020Operating cash flow28.89Dividends paid0.93Fiscal year 2021Operating cash flow37.79Dividends paid−11.96Fiscal year 2022Operating cash flow49.72Dividends paid−36.39Fiscal year 2023Operating cash flow43.21Dividends paid−11.90Fiscal year 2024Operating cash flow37.98Dividends paid−11.66
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow 26.11 27.11 26.35 25.60 28.89 37.79 49.72 43.21 37.98
Capital expenditure −14.09 −13.64 −12.02 n/a n/a n/a n/a n/a n/a
Free cash flow 12.03 13.47 14.33 n/a n/a n/a n/a n/a n/a
Growth +12.0% +6.4%
Dividends paid −0.12 −0.15 −2.08 2.95 0.93 −11.96 −36.39 −11.90 −11.66

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash21.21Total debt108.37Net cash (debt)−87.17Shareholders’ equity76.78Debt to equity1.41Fiscal year 2017Cash22.52Total debt102.05Net cash (debt)−79.53Shareholders’ equity79.80Debt to equity1.28Fiscal year 2018Cash13.90Total debt80.51Net cash (debt)−66.61Shareholders’ equity71.54Debt to equity1.13Fiscal year 2019Cash7.37Total debt60.37Net cash (debt)−53.00Shareholders’ equity73.32Debt to equity0.82Fiscal year 2020Cash11.71Total debt52.09Net cash (debt)−40.37Shareholders’ equity59.35Debt to equity0.88Fiscal year 2021Cash10.47Total debt35.12Net cash (debt)−24.66Shareholders’ equity69.41Debt to equity0.51Fiscal year 2022Cash8.00Total debt29.49Net cash (debt)−21.49Shareholders’ equity69.49Debt to equity0.42Fiscal year 2023Cash12.73Total debt28.26Net cash (debt)−15.53Shareholders’ equity78.58Debt to equity0.36Fiscal year 2024Cash3.27Total debt22.73Net cash (debt)−19.46Shareholders’ equity59.11Debt to equity0.38
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash 21.21 22.52 13.90 7.37 11.71 10.47 8.00 12.73 3.27
Total debt 108.37 102.05 80.51 60.37 52.09 35.12 29.49 28.26 22.73
Net cash (debt) −87.17 −79.53 −66.61 −53.00 −40.37 −24.66 −21.49 −15.53 −19.46
Shareholders’ equity 76.78 79.80 71.54 73.32 59.35 69.41 69.49 78.58 59.11
Debt to equity 1.41 1.28 1.13 0.82 0.88 0.51 0.42 0.36 0.38

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024
Margins
31.9% 34.3% 38.3% 40.3% 45.6% 48.6% 52.2% 52.7% 50.3%
5.3% 13.5% 19.8% 26.9% 18.7% 44.8% 45.9% 37.1% 29.4%
−4.5% 1.9% 12.8% 15.7% −0.4% 33.6% 43.0% 34.6% 12.2%
−5.9% −0.1% 8.5% 13.3% 2.1% 23.7% 29.4% 24.3% 8.2%
14.8% 17.3% 16.9% n/a n/a n/a n/a n/a n/a
Spending
0.6% 0.7% 0.8% −0.8% 0.7% 0.7% 0.6% 0.7% 0.9%
4.1% 3.4% 2.6% −2.8% 2.0% 1.4% 1.1% 1.6% 2.0%
17.3% 17.5% 14.2% n/a n/a n/a n/a n/a n/a
n/a 112.6% 39.3% 35.0% n/a 29.2% 31.3% 29.4% 31.7%
Returns
−6.3% −0.1% 10.0% 13.8% 1.9% 28.6% 52.7% 31.7% 12.7%
−2.0% −0.0% 3.2% 4.4% 0.6% 11.4% 19.6% 11.5% 4.1%
Balance and payout
1.41 1.28 1.13 0.82 0.88 0.51 0.42 0.36 0.38
68.6% 67.6% 67.0% 67.7% 68.5% 60.0% 62.7% 63.6% 67.3%
n/a n/a 29.1% −29.1% −81.5% 60.2% 99.4% 47.8% 154.8%
1.0% 1.1% 14.5% n/a n/a n/a n/a n/a n/a