Petrobras - Petroleo Brasileiro SA (PBR)

Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries. Its Refining, Transportation and Marketing segment engages in the refining, logistics, transport, acquisition, and export of crude oil; trading of oil products; and production of fertilizers, as well as holding interests in petrochemical companies. The Gas and Low Carbon Energies segment is involved in the logistic and trading of natural gas and electricity; transportation and trading of liquefied natural gas; generation of electricity through thermoelectric power plants; renewable energy business; low carbon business; and natural gas processing business, as well as production of biodiesel and its co-products. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons. In addition, the company engages in research, development, production, transportation, distribution, and trading of energy. Petróleo Brasileiro S.A. - Petrobras was incorporated in 1953 and is headquartered in Rio De Janeiro, Brazil.

Ticker
PBR
Exchange
NYSE
Sector
Energy
Industry
Oil & Gas Integrated
Market cap
$68.95B
52-week range
$11.43 - $26.39

Valuation

Share price
$18.53 (close of Nov 6, 2026)
P/E (TTM)
6.10x
Price to book
0.91x
Price to free cash flow
4.17x
Enterprise value
$132.27B
Book value per share
$20.39

Price performance

PeriodChange
1 day-1.44%
5 days-15.96%
1 month-22.14%
3 months+0.05%
6 months-11.38%
Year to date+56.37%
1 year+52.64%
3 years+17.95%
5 years+90.64%
10 years+74.32%
All time+158.93%

Short interest

As of
Oct 15, 2026
Short % of float
2.13%
Shares short
52.88M
Days to cover
1.90
Change since prior report
+48.30%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
25.87%
Return on invested capital
13.07%
Return on assets
8.83%
Return on capital employed
14.02%
Gross margin
47.60%
Net margin
22.01%
EBITDA margin
29.28%
Revenue growth
-2.43%
Net income growth
160.81%
Free cash flow growth
-29.19%

Cash flow and balance sheet

Free cash flow yield (TTM)
23.97%
Current ratio
0.71x
Net debt to EBITDA
1.38x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$89.19B
Cost of revenue
$46.74B
Gross profit
$42.46B
EBITDA
$26.11B
Net income
$19.63B
Earnings per share
$3.04
Research and development
$864.00M
Interest expense
$4.31B
Shares outstanding
6.46B

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$89.19B$42.46B$19.63B$3.04
2024-12-31$91.42B$45.97B$7.53B$1.16
2023-12-31$102.41B$53.97B$24.88B$3.82
2022-12-31$124.47B$64.99B$36.62B$5.62
2021-12-31$83.97B$40.80B$19.88B$3.04
2020-12-31$53.68B$24.49B$1.14B$0.18
2019-12-31$76.59B$30.86B$10.15B$1.56
2018-12-31$84.64B$32.45B$7.17B$1.10
2017-12-31$77.88B$26.69B-$91.00M$0.00
2016-12-31$81.41B$25.99B-$4.84B$0.00

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3147.60%22.01%25.87%13.07%
2024-12-3150.29%8.23%12.68%19.50%
2023-12-3152.70%24.30%31.51%19.52%
2022-12-3152.21%29.42%52.44%32.63%
2021-12-3148.59%23.67%28.47%22.91%
2020-12-3145.62%2.13%1.91%7.47%
2019-12-3140.29%13.25%13.68%10.23%
2018-12-3138.34%8.47%9.80%8.14%
2017-12-3134.26%-0.12%-0.11%4.65%
2016-12-3131.92%-5.94%-6.24%2.32%

Cash and debt by year

Period endCashDebt
2025-12-31$6.47B$24.25B
2024-12-31$3.27B$20.60B
2023-12-31$12.73B$24.48B
2022-12-31$8.00B$26.38B
2021-12-31$10.47B$32.06B
2020-12-31$11.71B$49.70B
2019-12-31$7.37B$58.79B
2018-12-31$13.90B$80.51B
2017-12-31$22.52B$102.05B
2016-12-31$21.20B$108.37B

Free cash flow by year

Period endFree cash flow
2025-12-31$16.53B
2024-12-31$23.34B
2023-12-31$31.10B
2022-12-31$40.14B
2021-12-31$31.47B
2020-12-31$23.02B
2019-12-31$34.16B
2018-12-31$14.33B
2017-12-31$13.47B
2016-12-31$12.03B

Dividend history

Most recent payment
Aug 25, 2026
Paid in the last twelve months
$0.80
Payment dateDividend per share
2026-08-25$0.53
2026-06-03$0.14
2026-04-24$0.12
2025-08-25$0.25
2025-06-04$0.32
2025-04-22$0.26
2024-12-27$0.46
2024-12-13$0.53

Investor relations

Next earnings report

Next confirmed report
Nov 10, 2026
Consensus EPS estimate
$1.38

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-06Jun 2026$1.52
2026-05-11Mar 2026$1.02
2026-03-05Dec 2025$0.57
2025-11-06Sep 2025$0.79
2025-08-08Jun 2025$0.70
2025-05-12Mar 2025$0.92
2025-02-26Dec 2024$0.37
2024-11-07Sep 2024$0.82

Filings and sources

Company website
petrobras.com.br
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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