Petróleo Brasileiro S.A. - Petrobras

Petróleo Brasileiro S.A. - Petrobras

PETR3.SA
Petróleo Brasileiro S.A. - PetrobrasBR flagB3 S.A.
42.96
BRL
+1.11
- -
553.70BMarket Cap
Petróleo Brasileiro S.A. - Petrobras
PETR3.SA
(B3 S.A.)

Recent

price

42.96

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2018
2019
2019
2020
2020
2021
2021
2022
2022
2023
2023
2024
2024
2025
2025
TTM
FRC
25.14
6.49
23.63
5.87
4.12
21.4
6.44
35.87
50.46
9.54
7.86
38.17
43.84
7.09
37.92
6.92
39.06
Revenue per Share
2.13
0.55
3.13
0.78
0.09
0.45
1.52
8.49
14.85
2.81
1.91
9.27
3.61
0.58
8.35
1.52
8.47
Basic EPS, GAAP
4.29
1.11
0.53
0.13
1.76
9.17
2.41
13.44
16.27
3.08
2.39
11.59
11.19
1.81
7.03
1.28
6.67
Free Cash Flow per Basic Share
0.19
0.05
0.58
0.14
0.1
0.54
1
5.59
15.28
2.89
1.51
7.33
8.79
1.42
3.45
0.63
3.12
Dividend per Share
31.82
8.21
33.04
8.21
8.21
42.69
8.21
45.76
43.42
8.21
8.22
39.91
51.36
8.31
45.53
8.31
15.94
Book Value per Share
20.91
5.39
16.89
4.2
3.44
17.91
5.12
28.54
27.1
5.12
5.83
28.3
27.38
4.43
31.19
5.69
33.55
Tangible Book Value per Share
13,044
13,044
13,044
13,044
13,044
13,044
13,044
13,044
13,044
13,044
13,022
13,022
12,889
12,889
12,889
12,889
12,889
Basic Weighted Avg Shares
328,004
84,638
308,232
76,589
53,683
279,098
83,966
467,959
658,194
124,474
102,409
497,011
565,033
91,416
488,717
89,195
503,492
Sales/Revenue/Turnover
26.91
26.91
27.31
27.31
37.5
37.5
36.92
36.92
42.79
42.79
38.54
38.54
28.1
28.1
31.12
31.12
29.51
Operating Margin (%)
46,163
11,912
59,707
14,836
11,445
59,503
11,695
65,179
69,894
13,218
13,280
64,450
77,131
12,479
82,993
15,147
86,720
Depreciation Expense
27,798
7,173
40,853
10,151
1,141
5,932
19,875
110,767
193,655
36,623
24,884
120,767
46,530
7,528
107,579
19,634
109,174
Net Income, GAAP
39.31
39.31
34.99
34.99
- -
- -
29.19
29.19
31.33
31.33
29.38
29.38
31.74
31.74
26.4
26.4
26.16
Effective Tax Rate (%)
8.47
8.47
13.25
13.25
2.13
2.13
23.67
23.67
29.42
29.42
24.3
24.3
8.23
8.23
22.01
22.01
21.68
Profit Margin (%)
46,547
12,011
-4,041
-1,004
1,163
6,046
5,973
33,289
-687
-130
-1,415
-6,867
-59,485
-9,624
-58,096
-10,603
-48,633
Working Capital
312,626
80,670
309,544
76,915
65,654
341,335
49,670
276,821
236,185
44,666
51,078
247,892
304,119
49,203
315,438
57,570
305,244
LT Debt
283,580
73,175
298,678
74,215
59,876
311,295
69,812
389,076
369,279
69,836
78,975
383,281
366,836
59,350
415,822
75,891
446,372
Total Equity
13.05
3.41
13.26
8.33
- -
- -
16.17
16.74
47.26
8.39
6.7
19.34
23.68
12.92
14.04
14.85
13.29
Return on Invested Capital (%)
8.2
2.23
11.75
7.36
- -
- -
13.33
13.82
40.15
7.11
5.34
15.81
10.32
5.96
12.32
13.08
15.14
Return on Capital (%)
10.65
3.1
15.18
9.48
1.07
1.79
18.56
19.2
57.51
10.4
7.39
22.24
12.1
7.03
17.23
18.33
25.48
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
64,290
66,972
66,447
LT Borrowings
136,531
132,898
130,754
LT Finance Leases
175,694
182,540
174,490
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12,889
12,889
12,889
Market Capitalization
435,381
419,786
694,832

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
149,534
139,435
140,533
Cash, Cash Equivalents & STI
62,075
50,392
47,600
Accounts Receivable, Net
21,916
25,352
22,240
Inventories
46,325
44,984
48,556
Total Current Liabilities
182,579
197,531
189,166
Payables & Accruals
69,913
80,210
73,611
ST Debt
64,290
66,972
66,447
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
198.46%
144.03%
-81.75%
Free Cash Flow
175.62%
81.38%
-81.75%
Net Income, GAAP
1,172%
234.21%
-81.75%
Sales/Revenue/Turnover
223.31%
128.28%
-81.75%
Total Cash Common Dividend
701.98%
74.7%
-81.75%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
127,022
- -
181,232
- -
91,416
2025
125,008
- -
139,486
- -
488,717
2026
123,686
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.48
- -
-0.74
- -
0.58
2025
2.49
- -
- -
- -
8.35
2026
2.53
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.97
- -
3.36
- -
1.42
2025
0.84
- -
- -
- -
3.45
2026
0.9
- -
- -
- -
- -
Business
Petróleo Brasileiro S.A. - Petrobras (Petrobras) operates as a majority state-owned integrated energy company focused on the exploration, production, refining, transportation, and marketing of oil, natural gas, and related products. The company offers crude oil in various grades including heavy and light oils; natural gas for power generation, industrial processes, and residential use; refined products such as gasoline, diesel (including S-10 diesel), jet fuel, fuel oil, naphtha, and liquid petroleum gas (LPG); petrochemicals like ethylene and propylene; biofuels including biodiesel and ethanol; as well as nitrogen fertilizers; it also engages in power generation through thermoelectric plants, oil tanker operations, distribution pipelines, marine terminals, and petrochemical units. Petrobras conducts its activities primarily in Brazil with international operations in South America and elsewhere, targeting global refineries, petrochemical plants, automotive, aviation, industrial sectors, power plants, and chemical industries; founded in 1953 and headquartered in Rio de Janeiro, Brazil, the company maintains subsidiaries such as Petrobras Transporte S.A. for marine shipping and Petrobras America, Inc. for refining and marketing. In recent developments, Petrobras approved its Business Plan 2026-2030 in November 2025, allocating $109 billion in investments with a focus on refining efficiency, low-carbon initiatives like sustainable aviation fuel, renewable diesel, biogas, carbon capture, and hydrogen pilots, while trimming expansion targets and capex by $2 billion compared to prior projections. The company resumed expansion of the Abreu e Lima (RNEST) refinery in December 2025 with Train 2 construction, aiming to double capacity to 260,000 barrels per day by 2029 and boost S-10 diesel output by 88,000 barrels per day to enhance energy security and meet 17% of national diesel demand. Additionally, Petrobras expanded partnerships including a June 2025 multi-year deal with Fugro valued at around $340 million for geo-data in offshore wind and hydrogen storage, negotiations with Raízen, BP, and Inpasa for ethanol expansion, a September 2025 launch of Brazil's largest onshore wind turbine with WEG and Statkraft, seismic contracts with PXGEO in November 2025, and selection of Valetec Capital in October 2025 to manage a $93 million venture capital fund for clean energy startups starting investments in 2026.