PBR: the annual earnings and cash-flow comparison
A two-period review of PBR revenue, profitability and cash conversion; reported revenue growth was -10.73%.
Data through 2024-12-31
PBR / Energy
Crude Petroleum & Natural Gas
PETROBRAS - PETROLEO BRASILEIRO SA is an SEC-reporting issuer listed on NYSE under PBR. Its SEC industry description is Crude Petroleum & Natural Gas. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.
Producers, refiners and service providers respond differently to commodity prices, project spending and capacity utilization.
Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.
Annual reporting currency: USD. Financial amounts are in millions, except per-share figures and ratios.
| Metric | 2024-12-31 | 2023-12-31 | Source filed |
|---|---|---|---|
| Revenue | USD 91,416m | USD 102,409m | 2025-04-03 |
| Operating income | USD 26,876m | USD 38,033m | 2025-04-03 |
| Net income | USD 7,605m | USD 24,995m | 2025-04-03 |
| Diluted EPS | USD 0.58 | USD 1.91 | 2025-04-03 |
| Operating cash flow | USD 37,984m | USD 43,212m | 2025-04-03 |
| Capital expenditure | Not available | Not available | 2025-04-03 |
| Free cash flow | Not available | Not available | 2025-04-03 |
| Gross margin | 50.29% | 52.70% | 2025-04-03 |
| Operating margin | 29.40% | 37.14% | 2025-04-03 |
FCF = operating cash flow − purchases of property, plant and equipment. Missing tags remain unavailable. Standardized cash-flow comparisons are particularly limited for financial businesses.
{
"revenue": {
"start": "2024-01-01",
"end": "2024-12-31",
"val": 91416000000,
"accn": "0001292814-25-001352",
"fy": 2024,
"fp": "FY",
"form": "20-F",
"filed": "2025-04-03",
"frame": "CY2024",
"tag": "ifrs-full:Revenue",
"unit": "USD"
},
"netIncome": {
"start": "2024-01-01",
"end": "2024-12-31",
"val": 7605000000,
"accn": "0001292814-25-001352",
"fy": 2024,
"fp": "FY",
"form": "20-F",
"filed": "2025-04-03",
"frame": "CY2024",
"tag": "ifrs-full:ProfitLoss",
"unit": "USD"
},
"grossProfit": {
"start": "2024-01-01",
"end": "2024-12-31",
"val": 45972000000,
"accn": "0001292814-25-001352",
"fy": 2024,
"fp": "FY",
"form": "20-F",
"filed": "2025-04-03",
"frame": "CY2024",
"tag": "ifrs-full:GrossProfit",
"unit": "USD"
},
"operatingIncome": {
"start": "2024-01-01",
"end": "2024-12-31",
"val": 26876000000,
"accn": "0001292814-25-001352",
"fy": 2024,
"fp": "FY",
"form": "20-F",
"filed": "2025-04-03",
"frame": "CY2024",
"tag": "ifrs-full:ProfitLossFromOperatingActivities",
"unit": "USD"
},
"eps": {
"start": "2024-01-01",
"end": "2024-12-31",
"val": 0.58,
"accn": "0001292814-25-001352",
"fy": 2024,
"fp": "FY",
"form": "20-F",
"filed": "2025-04-03",
"frame": "CY2024",
"tag": "ifrs-full:DilutedEarningsLossPerShare",
"unit": "USD/shares"
},
"operatingCashFlow": {
"start": "2024-01-01",
"end": "2024-12-31",
"val": 37984000000,
"accn": "0001292814-25-001352",
"fy": 2024,
"fp": "FY",
"form": "20-F",
"filed": "2025-04-03",
"frame": "CY2024",
"tag": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"unit": "USD"
},
"totalAssets": {
"end": "2024-12-31",
"val": 181645000000,
"accn": "0001292814-25-001352",
"fy": 2024,
"fp": "FY",
"form": "20-F",
"filed": "2025-04-03",
"tag": "ifrs-full:Assets",
"unit": "USD"
},
"totalLiabilities": {
"end": "2024-12-31",
"val": 122295000000,
"accn": "0001292814-25-001352",
"fy": 2024,
"fp": "FY",
"form": "20-F",
"filed": "2025-04-03",
"tag": "ifrs-full:Liabilities",
"unit": "USD"
},
"shareholdersEquity": {
"end": "2024-12-31",
"val": 59106000000,
"accn": "0001292814-25-001352",
"fy": 2024,
"fp": "FY",
"form": "20-F",
"filed": "2025-04-03",
"tag": "ifrs-full:EquityAttributableToOwnersOfParent",
"unit": "USD"
},
"currentAssets": {
"end": "2024-12-31",
"val": 21836000000,
"accn": "0001292814-25-001352",
"fy": 2024,
"fp": "FY",
"form": "20-F",
"filed": "2025-04-03",
"tag": "ifrs-full:CurrentAssets",
"unit": "USD"
},
"currentLiabilities": {
"end": "2024-12-31",
"val": 31460000000,
"accn": "0001292814-25-001352",
"fy": 2024,
"fp": "FY",
"form": "20-F",
"filed": "2025-04-03",
"tag": "ifrs-full:CurrentLiabilities",
"unit": "USD"
}
}Reported fiscal periods, not a live price chart.
Interactive chart loads in the browser. The full annual values are available below.
| Period end | Revenue | Net income | EPS |
|---|---|---|---|
| 2024-12-31 | USD 91,416m | USD 7,605m | USD 0.58 |
| 2023-12-31 | USD 102,409m | USD 24,995m | USD 1.91 |
| 2022-12-31 | USD 124,474m | USD 36,755m | USD 2.81 |
| 2021-12-31 | USD 83,966m | USD 19,986m | USD 1.52 |
This release does not quote price-based multiples because it does not include synchronized market prices. A financial denominator must be paired with a clearly dated market value.
| Measure | Interpretation |
|---|---|
| P/E | Price divided by EPS; identify annual, trailing or forward basis. |
| P/S & P/B | Market capitalization divided by sales or book equity. |
| EV / EBITDA | Enterprise value and EBITDA need consistent definitions. |
| FCF yield | Free cash flow divided by dated market capitalization. |
A sector median is descriptive, not a fair-value estimate. Explore sector context ↗
PBR filed this 20-F on 2026-04-09 for the reported period 2025-12-31. Reading focus: Realized prices, production volumes, refining economics and capital expenditure. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.
Read SEC original ↗A two-period review of PBR revenue, profitability and cash conversion; reported revenue growth was -10.73%.
Annual revenue of USD 91.416 billion and net income of USD 7.605 billion for the period ended 2024-12-31.
Commodity cycles, project execution, reserve replacement, environmental liabilities and geopolitical exposure.
Realized prices, production volumes, refining economics and capital expenditure.