OakChart

Petroleo Brasileiro SA Petrobras ADR

PBREnergy·Oil & Gas Integrated·Brazil·Large·NYSE·Nov 11 • 9:23 AM ET

17.61-0.67 (-3.67%)
2026-11-11 15:23 CET
Market cap
68,021.89 USD m
Revenue, TTM
104,163.37 USD m
Net income, TTM
25,479.57 USD m
Free cash flow, TTM
18,257.16 USD m
EPS diluted, TTM
3.95
P/E
4.45
Compare

Price

PBR against its 20, 50 and 200-day averages
2050200beatmiss
15.0020.0025.0051.3M102.6MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26PBRclose 17.6120-day 22.2150-day 22.06200-day 19.2917.61

33.3% under 26.39 on 23 Oct 2026. Last 15 sessions, 50.0% high to low

Profile

PBR
52-week range, 42% of the way up
11.2226.39

Petroleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; and Gas and Low Carbon Energies. The Exploration and Production segment covers the activities of exploration, development, and production of crude oil, natural gas liquid, and natural gas, for the primary purpose of supplying its domestic refineries. The Refining, Transportation, and Marketing segment refers to refining, logistics, transport, and trading of crude oil and oil products activities as well as exports of ethanol. The Gas and Low Carbon Energies represents the activities of logistic and trading of natural gas and electricity, transportation and trading of liquefied natural gas, generation and electricity by means of thermoelectric power plants, as well as holding interests in transporters and distributors of natural gas. The company was founded on October 3, 1953 and is headquartered in Rio de Janeiro, Brazil.

Employees50687
IPOAug 10, 2000
Beta0.48
ATR, 14d0.85
Rel volume0.62
Short float1.25%
Insider own0.00%
Inst own21.06%

Snapshot

6 groups

Valuation

Index-
Market Cap65.53B
Enterprise Value126.13B
Income25.48B
Sales104.16B
Book/sh14.42
Cash/sh2.79
Dividend Est.1.68 (9.56%)
Dividend TTM0.87 (4.93%)
Dividend Ex-DateAug 25, 2026
Dividend Gr. 3/5Y-45.64% 21.83%
Payout33.50%
Employees50687
IPOAug 10, 2000

Ratios

P/E4.45
Forward P/E4.26
PEG0.65
P/S0.63
P/B1.22
P/C6.31
P/FCF3.59
EV/EBITDA2.42
EV/Sales1.21
Quick Ratio0.58
Current Ratio0.85
Debt/Eq0.76
LT Debt/Eq0.64
Option/ShortYes / Yes

Earnings

EPS (ttm)3.95
EPS next Y4.13
EPS next Q1.34
EPS this Y57.79%
EPS next Y-13.86%
EPS next 5Y6.59%
EPS past 3/5Y-18.21% 70.66%
Sales past 3/5Y-10.49% 11.04%
EPS Y/Y TTM86.33%
Sales Y/Y TTM20.82%
EPS Q/Q120.71%
Sales Q/Q59.62%
EarningsNov 10 AMC
EPS/Sales Surpr.-9.39% -0.41%

Ownership

Insider Own0.00%
Insider Trans-
Inst Own21.06%
Inst Trans4.33%
ROA11.02%
ROE30.69%
ROIC16.76%
Gross Margin47.49%
Oper. Margin34.79%
Profit Margin24.46%
SMA20-20.71%
SMA50-20.17%
SMA200-8.73%
Trades-

Technical

Shs Outstand3.72B
Shs Float3.72B
Short Float1.25%
Short Ratio1.92
Short Interest46.55M
52W High26.39 -33.27%
52W Low11.22 57.01%
Volatility3.84% 3.21%
ATR (14)0.85
RSI (14)22.27
Beta0.48
Rel Volume0.62
Avg Volume24.28M
Volume746,739

Performance

Perf Week-10.20%
Perf Month-30.94%
Perf Quarter-1.57%
Perf Half Y-10.11%
Perf YTD50.45%
Perf Year35.80%
Perf 3Y33.94%
Perf 5Y139.65%
Perf 10Y157.44%
Recom1.68
Target Price23.67
Prev Close18.28
Price17.61
Change %-3.67%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Apr 17, 2026UpgradeBBofA SecuritiesNeutral → Buy$24.80+40.8%
Mar 13, 2026DowngradeJJefferiesBuy → Hold$19+7.9%
Jun 09, 2025DowngradeBBofA SecuritiesBuy → Neutral
May 15, 2025UpgradeJJefferiesHold → Buy$15.30-13.1%
Mar 05, 2025UpgradeHHSBC SecuritiesHold → Buy$15-14.8%
Oct 21, 2024DowngradeHHSBC SecuritiesBuy → Hold
Sep 25, 2024UpgradeJJP MorganNeutral → Overweight$16.50 → $19+7.9%
Aug 26, 2024UpgradeMMorgan StanleyEqual-Weight → Overweight$18 → $20+13.6%
Jun 27, 2024UpgradeBBofA SecuritiesNeutral → Buy
May 15, 2024DowngradeJJefferiesBuy → Hold

Peers

Mkt cap
TickerCompanyMkt cap
EQNREquinor ASA ADR98.59B
SHELShell Plc ADR278.37B
TTETotalEnergies SE194.19B
BPBP plc ADR116.28B
ECEcopetrol SA ADR31.68B
EEni Spa ADR81.18B
XOMExxonMobil Holdings Corp674.50B
CVXChevron Corp417.65B
YPFYPF ADR14.86B
UGPUltrapar Participacoes SA ADR5.88B

Insider trading

3 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Pogliese Marcelo WeickDirectorSep 14 '26Sale9.632712,6090Oct 19 08:50 AM
Laureano Angelica Garcia CobasChief Commercial OfficerApr 02 '26Buy9.491,0009,4903,659Apr 14 02:39 PM
Laureano Angelica Garcia CobasChief Commercial OfficerApr 01 '26Sale9.09191732,659Apr 14 02:39 PM

Held by

AUM
TickerCompanyAUM
ILFiShares Latin America 40 ETFAUM: 3.38B
CGGRCapital Group Growth ETFAUM: 25.66B
AVEMAvantis Emerging Markets Equity ETFAUM: 26.77B
EMOPAB Emerging Markets Opportunities ETFAUM: 1.90B
SPEMState Street SPDR Portfolio Emerging Markets ETFAUM: 16.35B
GNRState Street SPDR S&P Global Natural Resources ETFAUM: 5.28B
IXCiShares Global Energy ETFAUM: 2.48B
IDVOAmplify CWP International Enhanced Dividend Income ETFAUM: 1.37B
CGNGCapital Group New Geography Equity ETFAUM: 3.02B
EMEQNomura Focused Emerging Markets Equity ETF-

News

latest 14 of 206
  • Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record (Oilprice.com)
  • Petrobras: Q3 Earnings Snapshot (Associated Press)
  • Petrobras Faces A Volume Versus Price Test As Street Braces For Sequential Earnings Dip (Earnings Whispers) -6.97%
  • Petrobras Makes Third Oil Discovery Offshore Brazil's Amapá Coast (Oilprice.com)
  • Petrobras Oil and Gas Output Jumps 11.7% to Record High in Q3 (Oilprice.com)
  • Loading…
  • Brazilian stocks plunge after Lula's surprising election victory (Yahoo Finance) -13.99%
  • XP and AmBev Stocks Slump. Brazil's Path Is Unworkable After Shock Election Win. (Barrons.com)
  • SpaceX, CoreWeave, Ambev, XP, Exxon, and More Stocks That Explain Today's Market (Barrons.com)
  • U.S.-listed Brazilian shares slump after shock Lula election win (Investing.com)
  • Why Is NU Stock Plunging Nearly 12% Overnight? (Stocktwits)
  • Petrobras' Deepwater Push Sets Off a Race for Offshore Vessels (Oilprice.com)
  • Murphy Announces New Startups, Exploration Success (Rigzone.com)
  • Ecopetrol and Petrobras Complete $1 Billion Caribbean Gas Campaign (Oilprice.com) +11.50%

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-101.2001.3241.23432,96233,0976
2026Q22026-08-071.6031.4041.61833,60731,4556
2026Q12026-05-110.9870.9910.96423,53526,5256
2025Q42026-03-050.4790.5730.44823,60823,0895
2025Q32025-11-070.9450.7180.93123,47723,8775
2025Q22025-08-080.7560.7050.73021,03720,8484
2025Q12025-05-120.9540.9620.93421,07322,0295
2024Q42025-02-26-0.4530.475-0.45321,22321,8587
2024Q32024-11-080.8700.8010.91123,36622,6046
2024Q22024-08-08-0.0720.517-0.07821,79123,5446
2024Q12024-05-140.6950.8490.74122,93324,2626
2023Q42024-03-080.8721.1080.96627,10726,7736
2023Q32023-11-100.8400.9160.83725,55226,0276
2023Q22023-08-030.9000.8700.89122,97924,0756
2023Q12023-05-111.1200.9041.12726,77127,6876
2022Q42023-03-011.2841.4201.26430,12430,5055

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY1.3301.3611.20470,23677,361
2020FY0.232-1.5090.21151,50851,851
2021FY3.1512.8433.03188,76683,540
2022FY5.7985.2835.591125,896122,032
2023FY3.8043.9223.831102,409101,628
2024FY0.4912.1761.05391,41688,670
2025FY3.0403.0883.04089,19589,524
2026FY-4.797--120,497
2027FY-4.132--115,830
2028FY-3.682--110,130
2029FY-4.154--112,989
2030FY-4.527--117,229

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-1154134,18828,88139,976
2026Q4S2026-11-0354134,18828,88139,976
2026Q4S2026-10-3055035,52928,88139,976
2026Q4S2026-10-2855033,53728,12039,976
2026Q4S2026-09-2354132,45228,12039,976
2026Q4S2026-09-2253231,38028,12039,976
2026Q4S2026-09-1852330,49228,12035,536
2026Q4S2026-09-0342229,23128,12031,122
2026Q4S2026-09-0252230,68928,12036,523
2026Q4S2026-08-2851330,46827,60136,523
2026Q4S2026-08-1751330,23426,95236,523
2026Q4S2026-08-0951330,41526,95236,523
2026Q4S2026-08-0752330,41526,95236,523
2026Q4S2026-07-3053230,60126,95236,523

Estimate history

EPS, annual-0.0211.0811.2040.2113.0315.5913.8311.0533.0593.9538
Period201720182019202020212022202320242025TTM
EPS, quarterly-0.0780.911-0.4530.9340.730.9310.4480.9641.611
PeriodQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sales, annual88860.29684855.51176619.4652745.32783886.751124165.761102503.75791046.87689058.891104163.37
Period201720182019202020212022202320242025TTM
Sales, quarterly23466.69923366.70320772.83421057.85621018.35923474.28823609.23423531.13233548.716
PeriodQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Shares, annual3721.2273721.1163721.1163721.1163721.1163721.1163721.1163721.1163721.1163721.116
Period201720182019202020212022202320242025MRQ
Shares, quarterly3721.1163721.1163721.1163721.1163721.1163721.1163721.1163721.1163721.116
PeriodQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue104,163.3789,058.8991,046.88102,503.76124,165.7683,886.7552,745.3376,619.4684,855.51
Cost of Goods Sold Incl. D&A54,694.2150,097.5448,066.3151,030.0561,778.5045,329.2930,805.5448,019.4654,247.58
Gross Profit49,469.1638,961.3542,980.5651,473.7162,387.2738,557.4621,939.7928,600.0030,607.94
Selling, General and Administrative Excl. Other8,098.617,044.366,668.406,622.786,158.955,267.435,620.616,488.116,428.68
Research and Development1,014.51861.68794.11724.54791.36562.06352.64574.94641.36
Other Operating Expense5,135.954,275.487,948.514,468.382,532.091,584.82-375.913,314.783,238.54
Operating Income36,234.6027,641.5228,363.6640,382.5553,696.2331,705.2116,695.0918,797.1120,940.72
Interest Expense2,939.382,990.293,177.733,050.722,858.743,281.954,210.415,417.324,350.88
Unusual Expense3,445.214,033.845,522.787,518.507,181.312,781.979,503.005,671.076,035.11
Net Income Before Taxes34,645.5226,999.8210,795.3235,828.8952,997.6126,527.66641.5111,837.2410,132.45
Income Taxes9,024.427,158.733,287.1810,473.7216,650.748,211.55-1,203.724,157.424,228.90
Consolidated Net Income25,550.8519,797.776,865.0325,058.8636,596.8519,877.771,210.907,818.486,428.68
Net Income From Continuing Operations25,479.5719,712.566,790.2724,946.7436,465.7619,767.321,378.017,607.326,177.33
Net Income25,479.5719,712.566,790.2724,946.7436,465.7619,767.321,378.017,853.477,050.62
EPS (Recurring)4.333.501.654.646.363.331.231.811.73
EPS (Basic, Before Extraordinaries)3.953.061.053.835.593.030.211.201.08
EPS (Diluted)3.953.061.053.835.593.030.211.201.08
EBITDA52,218.2742,039.3539,914.1352,730.7965,612.7442,441.6926,668.8032,312.2732,716.09
Non-Operating Income (Expense)4,795.506,382.43-8,867.836,015.569,341.44886.37-2,340.174,128.52-422.29
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Price To Earnings Ratio4.624.625.062.811.943.34-9.5110.95
Price To Sales Ratio1.000.860.911.010.560.851.391.361.00
Gross Margin47.4943.7547.2150.2250.2545.9641.6037.3336.07
Operating Margin34.7931.0431.1539.4043.2537.8031.6524.5324.68
Net Margin24.4622.137.4624.3429.3723.562.6110.258.31
Shares Outstanding3,721.123,721.123,721.123,721.123,721.123,721.123,721.123,721.123,721.12
Market Capitalization68,021.8968,021.8947,853.4758,739.5537,578.1337,928.0238,791.5955,061.2644,779.43

Income statement, quarterly

Currency USD, millions
Metric2026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q3
Total Revenue33,548.7223,531.1323,609.2323,474.2921,018.3621,057.8620,772.8323,366.70
Cost of Goods Sold Incl. D&A14,835.2112,931.7913,830.4913,096.7211,748.1111,511.8511,451.8812,201.96
Gross Profit18,713.5110,599.349,778.7510,377.579,270.259,546.019,320.9511,164.74
Selling, General and Administrative Excl. Other2,307.031,983.731,972.391,835.461,725.361,527.731,529.171,603.80
Research and Development295.65250.37235.78232.71193.20201.61219.43195.47
Other Operating Expense2,216.401,249.56603.151,066.851,908.15735.313,540.66801.75
Operating Income14,190.087,366.067,203.207,475.265,636.757,282.974,251.128,759.19
Interest Expense697.97645.13813.17783.11735.56664.00863.68638.89
Unusual Expense633.26214.602,311.23286.12660.22814.992,717.841,020.42
Net Income Before Taxes13,913.039,337.993,178.528,215.986,313.919,087.04-3,405.388,119.80
Income Taxes3,628.363,115.3359.312,221.421,634.853,130.02-822.912,204.46
Consolidated Net Income10,388.376,232.752,901.416,028.334,723.876,041.67-2,905.545,892.26
Net Income From Continuing Operations10,378.476,214.102,884.736,002.274,702.356,020.81-2,919.585,870.44
Net Income10,378.476,214.102,884.736,002.274,702.356,020.81-2,919.585,870.44
EPS (Recurring)1.680.990.700.960.801.02-0.161.02
EPS (Basic, Before Extraordinaries)1.610.960.450.930.730.93-0.450.91
EPS (Diluted)1.610.960.450.930.730.93-0.450.91
EBITDA18,364.4211,325.1411,165.0411,363.679,184.8610,320.997,030.9311,556.02
Non-Operating Income (Expense)1,054.172,831.67-900.281,809.952,072.943,283.07-4,074.981,019.91
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Price To Earnings Ratio4.626.825.535.979.5212.795.065.85
Price To Sales Ratio1.001.460.860.950.941.040.910.95
Gross Margin55.7845.0441.4244.2144.1145.3344.8747.78
Operating Margin42.3031.3030.5131.8426.8234.5920.4637.49
Net Margin30.9426.4112.2225.5722.3728.59-14.0525.12
Shares Outstanding3,721.123,721.123,721.123,721.123,721.123,721.123,721.123,721.12
Market Capitalization68,021.8977,213.0344,095.1547,107.8646,549.7153,359.1447,853.4753,657.49

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments9,235.467,551.3315,493.8710,643.1211,138.2412,375.348,276.5314,978.2624,337.83
Short Term Receivables6,680.605,544.817,288.586,242.917,728.737,328.757,321.207,778.377,388.38
Inventories8,243.626,725.647,654.818,675.417,268.585,679.418,205.688,984.588,543.31
Other Current Assets1,393.682,064.801,899.505,321.094,129.802,016.864,063.695,311.236,732.09
Total Current Assets25,553.3621,886.5832,336.7530,882.5230,265.3527,400.3727,867.1037,052.4447,001.60
Net Property, Plant & Equipment168,734.71136,603.67152,909.67128,639.05125,566.61124,260.52159,581.62157,344.77123,846.73
Total Investments and Advances15,429.1713,019.2518,450.4714,016.199,610.7710,603.1713,820.579,520.229,414.85
Long-Term Note Receivable854.601,258.851,840.832,410.911,903.592,632.742,571.665,490.815,161.13
Intangible Assets2,533.872,259.853,031.542,951.093,030.3414,954.7619,511.522,804.622,333.36
Deferred Tax Assets1,019.39924.27961.79822.39545.786,454.121,390.362,679.226,494.83
Other Assets9,131.266,116.856,807.895,269.383,754.583,794.625,453.557,122.4956,422.78
Total Assets223,256.35182,069.33216,338.93184,991.52174,677.02190,100.30230,196.39222,014.58250,675.29
Short Term Debt Incl. Current Port. of LT Debt12,273.0111,133.8111,483.249,025.059,089.959,888.7210,226.713,688.587,007.33
Accounts Payable7,472.606,095.814,797.025,399.315,493.186,862.465,612.156,325.495,751.11
Income Tax Payable1,297.501,403.561,295.912,849.57734.11198.11276.93210.80298.45
Other Current Liabilities15,157.0812,900.1216,170.5413,737.208,904.139,289.0112,757.1014,820.1011,824.79
Total Current Liabilities36,200.1931,533.3033,746.7131,011.1324,221.3626,238.3028,872.9025,044.9624,881.67
Long Term Debt57,807.7549,318.7850,906.0044,140.9249,764.2765,685.5777,068.1480,650.20101,968.29
Provision for Risks Charges46,084.0439,723.6941,805.2133,854.2529,216.7037,720.9247,624.4841,954.9840,685.24
Deferred Tax Liabilities6,380.771,473.0010,873.686,670.771,231.06195.411,763.74654.321,192.61
Other Liabilities578.13531.58297.68298.88300.90356.74504.88551.89668.96
Total Liabilities147,050.87122,580.35137,629.28115,975.95104,734.29130,196.95155,834.14148,856.35169,396.76
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity75,876.8259,244.8878,318.7268,676.3669,538.4259,375.8473,468.3271,528.0979,583.07
Total Shareholders Equity75,876.8259,244.8878,318.7268,676.3669,538.4259,375.8473,468.3271,528.0979,583.07
Accumulated Minority Interest328.66244.10390.93339.22404.31527.51893.931,630.141,695.46
Total Equity76,205.4859,488.9878,709.6569,015.5869,942.7359,903.3574,362.2473,158.2381,278.53
Total Liabilities & Stockholders Equity223,256.35182,069.33216,338.93184,991.52174,677.02190,100.30230,196.39222,014.58250,675.29
Book Value Per Share11.779.1912.1010.5310.669.1011.2610.9712.20
Tangible Book Value Per Share19.7115.3120.2317.6617.8711.9414.5018.4720.76
Full-Time Employees50,68749,18546,73045,14945,53249,05057,98363,36162,703
Price to Book Ratio1.271.151.330.960.961.151.311.100.76
Return on Assets9.733.4112.4320.2810.840.663.362.61-0.06
Return on Equity29.189.8733.9452.7730.672.0710.498.18-0.18
Return on Invested Capital14.756.2519.3032.3216.571.105.224.63-0.08
Quick Ratio0.480.480.730.720.950.830.681.121.55
Current Ratio0.710.690.961.001.251.040.971.481.89

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income25,801.1219,797.776,865.0325,058.8636,596.8519,877.771,210.9010,385.947,301.97
Depreciation16,690.4515,105.0512,434.3613,254.3713,205.8911,683.8211,303.4414,830.3311,823.24
Other Funds (Non Cash)3,716.332,930.8724,779.695,798.546,487.931,246.9912,212.87785.853,601.21
Funds from Operations46,543.1538,709.8639,793.5645,021.1057,165.4836,819.5722,994.0428,799.7623,081.15
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-7,637.39-4,570.46-3,705.66-3,731.82-9,213.06-626.552,895.41-6,016.34-1,517.94
Income Taxes Payable16.74-1,228.80-2,931.40-473.08-2,498.406,959.003,520.83220.552,228.22
Cash from Operating Activities38,905.7634,139.4036,087.9041,289.2847,952.4236,193.0125,889.4522,783.4221,563.21
Capital Expenditures-20,648.61-19,459.29-14,812.98-12,075.36-9,614.84-6,325.59-5,810.98-8,621.57-11,914.04
Net Assets From Acquisitions-204.140.00-94.42-2.800.00-22.61-88.60-25.100.00
Sale of Fixed Assets and Businesses363.83647.07812.663,650.144,872.094,724.451,979.7710,405.975,583.01
Purchase or Sale of Investments-893.512,900.4469.3823.42-3,332.36-24.09-961.00204.83579.55
Purchase of Investments-935.660.00-23.56-24.02-3,332.36-24.09-1,029.82-7.35-42.94
Sale Or Maturity of Investments42.152,900.4492.9347.450.000.0068.82212.18622.49
Other Uses0.000.000.000.000.000.000.00-16,006.32-53.61
Other Sources335.56383.05361.90406.826,925.922,874.260.0010,548.180.00
Cash from Investing Activities-21,046.86-15,528.73-13,663.46-7,997.79-1,149.191,226.42-4,880.81-3,494.01-5,805.09
Cash Dividends Paid-7,367.10-8,091.48-18,606.19-19,605.07-37,602.75-13,371.13-1,203.72-1,898.22-647.65
Change in Capital Stock0.000.00-355.97-729.550.000.000.000.000.00
Repurchase of Common Pref Stock0.000.00-355.97-729.550.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1,968.77-4,434.47-2,074.92-6,231.18-19,254.70-9,413.43-19,756.40-22,781.70
Net Financing Active Other Cash Flow-17.96-41.71-71.79-50.65-79.19-104.70-86.85-641.86-255.45
Other Financing Activities Uses-17.96-41.71-71.79-50.65-79.19-104.70-86.85-641.86-255.45
Cash from Financing Activities-18,395.85-15,550.39-31,383.90-28,733.62-49,344.22-38,549.49-16,573.34-27,533.78-23,684.77
Exchange Rate Effect-209.31-311.991,287.53-575.79-704.04676.401,613.562,128.652,281.56
Net Change in Cash-746.272,748.29-7,671.933,982.08-3,245.03-453.656,048.86-6,115.72-5,645.09
Free Cash Flow18,257.1614,680.1121,274.9229,213.9138,337.5729,867.4320,078.4714,161.849,649.17
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow9.5611.5931.0810.8294.534.343.888.489.43
Deferred Taxes & Investment Tax Credit-876.18-4,285.52909.33874.824,010.99-1,733.182,797.64354.73

Balance sheet, quarterly

Currency USD, millions
Metric2026Q22026Q12025Q42025Q32025Q22025Q1
Cash & Short Term Investments10,387.279,115.379,235.4611,642.189,499.537,688.67
Short Term Receivables8,374.896,320.636,680.606,034.125,227.154,705.77
Inventories9,719.389,298.448,243.628,688.688,231.637,468.86
Other Current Assets1,459.062,177.541,393.681,681.141,934.091,935.00
Total Current Assets29,940.5926,911.9825,553.3628,046.1224,892.4021,798.29
Net Property, Plant & Equipment185,717.60180,750.29168,734.71171,332.91163,604.90152,815.38
Total Investments and Advances17,236.6416,550.7115,429.1715,905.5915,125.3714,676.53
Intangible Assets2,732.642,680.612,533.872,514.482,431.732,287.85
Deferred Tax Assets1,198.231,592.891,019.391,028.631,004.61985.74
Other Assets9,728.849,488.039,131.267,932.517,348.686,803.84
Total Assets247,108.07238,621.20223,256.35227,589.26215,266.08200,381.66
Short Term Debt Incl. Current Port. of LT Debt11,686.7412,724.5612,273.0112,058.1011,744.1811,632.87
Accounts Payable6,618.117,484.947,472.606,810.386,298.085,458.61
Income Tax Payable875.591,677.531,297.501,129.84655.941,456.44
Other Current Liabilities15,860.8614,338.1315,157.0814,245.4814,131.5711,801.00
Total Current Liabilities35,041.3036,225.1636,200.1934,243.7932,829.7830,348.92
Long Term Debt59,127.8958,454.0357,807.7558,560.5256,311.3753,020.87
Provision for Risks Charges48,827.5648,384.0346,084.0445,157.7844,317.2742,212.77
Deferred Tax Liabilities10,418.579,478.076,380.779,230.227,600.984,812.62
Other Liabilities597.96599.97578.13600.31591.26568.30
Total Liabilities154,013.27153,141.26147,050.87147,792.62141,650.65130,963.48
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity92,920.1485,253.4075,876.8279,416.0273,146.3969,110.54
Total Shareholders Equity92,920.1485,253.4075,876.8279,416.0273,146.3969,110.54
Accumulated Minority Interest174.65226.54328.66380.62469.05307.63
Total Equity93,094.7985,479.9576,205.4879,796.6473,615.4369,418.17
Total Liabilities & Stockholders Equity247,108.07238,621.20223,256.35227,589.26215,266.08200,381.66
Book Value Per Share14.4213.2311.7712.3211.3510.72
Tangible Book Value Per Share24.2422.1919.7120.6719.0017.96
Full-Time Employees--50,687---
Price to Book Ratio1.271.760.961.121.171.56
Return on Assets11.029.029.686.496.744.10
Return on Equity30.6925.6629.0318.2019.4811.25
Return on Invested Capital6.834.322.164.353.634.93
Quick Ratio0.580.490.480.570.510.47
Current Ratio0.850.740.710.820.760.72

Cash flow, quarterly

Currency USD, millions
Metric2026Q22026Q12025Q42025Q32025Q22025Q1
Net Income10,437.726,232.753,011.526,119.134,730.036,041.67
Depreciation4,318.814,112.044,099.394,160.203,680.313,244.93
Other Funds (Non Cash)178.61-1,418.504,572.42383.79-527.62-1,482.24
Funds from Operations16,006.949,646.959,530.4511,358.808,984.069,041.04
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-4,118.46-1,869.39222.42-1,871.96-1,844.50-1,100.57
Income Taxes Payable113.07698.59-463.79-331.13-609.15168.78
Cash from Operating Activities11,888.497,777.579,752.879,486.847,139.567,940.47
Capital Expenditures-4,630.55-4,515.37-6,559.18-4,943.51-4,075.56-3,983.83
Net Assets From Acquisitions-68.68-135.460.000.000.000.00
Sale of Fixed Assets and Businesses113.30249.4230.72-29.61140.64508.73
Purchase or Sale of Investments-1,309.71372.32-2.3246.201,478.551,393.32
Purchase of Investments-906.19-31.203.74-2.00-1.56-0.17
Sale Or Maturity of Investments-403.52403.52-6.0548.201,480.111,393.49
Other Uses0.000.000.000.000.000.00
Other Sources8.69312.964.399.515.22365.94
Cash from Investing Activities-5,886.95-3,716.13-6,526.37-4,917.41-2,451.14-1,715.83
Cash Dividends Paid-1,554.81-2,214.31-1,529.77-2,068.21-1,699.83-2,836.41
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.000.000.000.000.000.00
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1,811.99634.48-1,354.451,849.811,444.1439.67
Net Financing Active Other Cash Flow-7.430.00-0.66-9.88-5.74-25.65
Other Financing Activities Uses-7.430.00-0.66-9.88-5.74-25.65
Cash from Financing Activities-6,181.69-4,021.48-5,513.02-2,679.67-2,524.92-4,914.94
Exchange Rate Effect29.68-289.94171.46-120.52-201.61-162.96
Net Change in Cash-150.47-249.99-2,115.061,769.241,961.891,146.74
Free Cash Flow7,257.943,262.203,193.694,543.333,064.003,956.64
Price to Free Cash Flow9.5620.4111.5334.3119.2270.29

Revenue breakdown

Total Crude Petroleum & Natural Gas revenue2024: 91.42B 2025: 89.20B
Brazil2024: 91.42B 2025: 89.20B
Corporate And Other2024: 319.00M 2025: 338.00M
Eliminations2024: -64.22B 2025: -63.54B
Exploration And Production2024: 60.52B 2025: 59.54B
Gas And Low Carbon Energies2024: 9.52B 2025: 8.70B
Refining Transportation And Marketing2024: 85.28B 2025: 84.17B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.25%46.5M3720.9M23.22M
2026-10-151.42%52.9M3720.9M20.46M
2026-09-300.96%35.7M3720.9M18.56M
2026-09-150.84%31.1M3720.9M17.70M
2026-08-310.86%31.9M3720.9M16.06M
2026-08-140.99%36.8M3720.9M15.22M
2026-07-311.10%40.9M3720.3M15.71M
2026-07-151.15%43.0M3720.3M16.83M
2026-06-301.28%47.7M3720.3M19.70M
2026-06-151.29%48.0M3719.7M23.28M
2026-05-291.26%46.8M3720.3M27.97M
2026-05-151.23%45.8M3720.4M28.35M
2026-04-301.35%50.2M3720.3M29.65M
2026-04-151.53%56.9M3720.3M31.93M
2026-03-311.32%49.1M3720.3M30.20M
2026-03-131.26%46.8M3720.3M26.13M
2026-02-270.88%32.9M3720.3M21.97M
2026-02-130.89%32.9M3720.3M21.26M
2026-01-301.02%37.8M3720.4M21.76M
2026-01-150.69%25.6M3720.4M20.93M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call12.000.000.006.21-7.000.00---
call13.000.000.005.30-6.000.00---
call14.000.000.004.20-10.000.00---
call15.000.000.000.00-0.000.00---
call15.500.000.003.15-1.000.00---
call16.000.000.002.24-2.000.00---
call16.500.000.001.79-16.000.00---
call17.000.000.001.27-24.000.00---
call17.500.000.000.88-45.000.00---
call18.000.000.000.57-1,9160.00---
call18.500.000.000.32-2,4130.00---
call19.000.000.000.17-2,1730.00---
call19.500.000.000.09-6600.00---
call20.000.000.000.05-1,4820.00---
call20.500.000.000.02-9190.00---
call21.000.000.000.01-6,2080.00---
call21.500.000.000.01-4190.00---
call22.000.000.000.01-1,2130.00---
call22.500.000.000.01-3660.00---
call23.000.000.000.01-1,7900.00---
call23.500.000.000.01-1710.00---
call24.000.000.000.01-3420.00---
call24.500.000.000.04-6920.00---
call25.000.000.000.01-1,0130.00---
call25.500.000.000.02-1870.00---
call26.000.000.000.04-7330.00---
call26.500.000.000.02-2800.00---
call27.000.000.000.01-3950.00---
call27.500.000.000.00-0.000.00---
call28.000.000.000.38-41.000.00---
call28.500.000.000.00-0.000.00---
call29.000.000.000.02-2310.00---
call29.500.000.000.00-0.000.00---
call30.000.000.000.34-1820.00---
call30.500.000.000.00-0.000.00---
call31.000.000.000.18-1.000.00---
call31.500.000.000.00-0.000.00---
call32.000.000.000.09-97.000.00---
call33.000.000.000.00-0.000.00---
call34.000.000.000.02-88.000.00---
call35.000.000.000.00-0.000.00---
put12.000.000.000.01-2.000.00---
put13.000.000.000.01-2.000.00---
put14.000.000.000.04-2.000.00---
put15.000.000.000.02-1400.00---
put15.500.000.000.03-2.000.00---
put16.000.000.000.02-71.000.00---
put16.500.000.000.02-2220.00---
put17.000.000.000.05-5350.00---
put17.500.000.000.13-3710.00---
put18.000.000.000.32-6480.00---
put18.500.000.000.58-7290.00---
put19.000.000.000.95-2570.00---
put19.500.000.001.43-1,8860.00---
put20.000.000.001.83-1,1760.00---
put20.500.000.002.35-1750.00---
put21.000.000.003.15-5530.00---
put21.500.000.003.40-31.000.00---
put22.000.000.003.40-0.000.00---
put22.500.000.003.24-0.000.00---
put23.000.000.004.76-1.000.00---
put23.500.000.004.83-0.000.00---
put24.000.000.005.84-1.000.00---
put24.500.000.002.50-49.000.00---
put25.000.000.006.33-0.000.00---
put25.500.000.007.35-48.000.00---
put26.000.000.007.62-1.000.00---
put26.500.000.008.30-1.000.00---
put27.000.000.008.54-2.000.00---
put27.500.000.000.00-0.000.00---
put28.000.000.009.79-2.000.00---
put28.500.000.0010.31-1.000.00---
put29.000.000.0010.79-1.000.00---
put29.500.000.0011.30-1.000.00---
put30.000.000.0011.80-0.000.00---
put30.500.000.0012.29-3.000.00---
put31.000.000.000.00-0.000.00---
put31.500.000.0013.32-1.000.00---
put32.000.000.0013.75-2.000.00---
put33.000.000.0014.81-1.000.00---
put34.000.000.0016.23-0.000.00---
put35.000.000.0017.13-1.000.00---

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-11-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-09-14SEC
2026-10-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-086-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-026-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-12-31SEC
2026-10-016-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-10-016-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-09-28SDSpecialized Disclosure ReportSEC
2026-09-2525-NSESEC
2026-09-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-09-216-K/A2026-06-30SEC
2026-09-216-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-09-216-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-09-176-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-09-146-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-08-276-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-21SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-21SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-21SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-21SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-21SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-21SEC
2026-08-216-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-08-206-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-08-176-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-09002.61K1
2026-080000
2026-070000
2026-060000
2026-050000
2026-049.49K11731
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
GQG Partners LLC5.19%
BAILLIE GIFFORD & CO1.16%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP1.08%
Capital International Investors1.02%
Capital World Investors0.79%
Invesco Ltd.0.74%
LAZARD ASSET MANAGEMENT LLC0.69%
ARGA Investment Management, LP0.46%
PRICE T ROWE ASSOCIATES INC /MD/0.44%
BlackRock, Inc.0.40%

Funds

Fund% owned
Goldman Sachs GQG Partners International Opportunities Fund1.70%
GQG Partners Emerging Markets Equity Fund1.39%
New World Fund Inc0.79%
Invesco Developing Markets Fund0.39%
American Balanced Fund0.38%
iShares Latin America 40 ETF0.35%
Baillie Gifford Emerging Markets Equities Fund0.19%
EUPAC Fund0.19%
Growth Fund0.17%
Lazard Emerging Markets Equity Portfolio0.16%

OakChart. PBR. Cached 15 minutes.