BR stock · Energy sector · Oil & Gas Integrated
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Petróleo Brasileiro S.A. - Petrobras

PBRNYSE

10.30

USD
+0.16
(+1.58%)
Market Closed
2.16P/E
3Forward P/E
0.11P/E to S&P500
67.178BMarket CAP
52.11%Div Yield
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Currency: USD, in millions
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Income Statement
Revenue
16,358
26,955
24,549
22,612
30,797
2,487
920
685
87,735
973
476
720
145,915
144,103
141,462
143,657
97,314
81,405
6,904
(13,937)
(6,359)
53,683
83,966
COGS
8,780
13,449
13,211
11,941
15,416
7,093
665
948
49,789
21,130
16,329
928
99,595
107,534
108,254
109,477
67,485
- -
4,589
9,010
3,856
29,195
43,164
Gross Profit
7,578
13,506
11,338
10,671
15,381
(4,606)
255
(263)
37,946
(20,157)
(15,853)
(208)
46,320
36,569
33,208
34,180
29,829
81,405
2,315
(22,947)
(10,215)
24,488
40,802
Gross Profit Ratio
46.33%
50.11%
46.19%
47.19%
49.94%
(185.20)%
27.72%
(38.39)%
43.25%
(2,071.63)%
(3,330.46)%
(28.89)%
31.74%
25.38%
23.47%
23.79%
30.65%
100.00%
33.53%
164.65%
160.64%
45.62%
48.59%
Operating Expenses
3,504
4,346
3,907
4,178
271
(41)
(123)
(4)
2,136
(117)
(1,293)
(7)
(3,984)
17,907
17,220
20,625
15,020
77,097
(575)
1,079
604
7,064
8,411
R&D Expenses
108
152
132
147
- -
(109)
- -
- -
881
(494)
(254)
- -
(2,630)
1,143
1,132
1,099
630
- -
(43)
73
74
355
563
Selling, G&A Exp.
1,282
1,927
1,751
1,741
2,091
2,901
4,474
6,070
6,250
8,270
7,739
9,729
(5,161)
12,593
12,352
14,978
9,767
10,271
(231)
341
183
5,435
7,255
General and Admin. Exp.
- -
- -
- -
- -
2,091
(235)
(123)
(154)
6,250
(419)
(322)
(155)
185
7,666
7,448
8,151
5,140
- -
70
(324)
(164)
551
3,026
Selling and Marketing Exp.
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(5,346)
4,927
4,904
6,827
4,627
- -
(301)
665
347
4,884
4,229
Other Expenses
2,114
2,267
2,024
2,290
(1,820)
(2,833)
(4,597)
(6,074)
(4,995)
(7,893)
(8,778)
(9,736)
3,807
4,171
3,736
4,548
4,623
66,826
(301)
665
347
1,274
593
COGS and Expenses
12,284
17,795
17,118
16,119
15,687
7,052
542
944
66,294
21,013
15,036
921
95,611
125,441
125,474
130,102
82,505
- -
4,014
10,089
4,460
36,259
51,575
Interest Income
- -
- -
- -
- -
- -
- -
- -
- -
1,427
1,641
1,899
2,630
3,943
2,635
1,183
968
718
552
604
563
5
79
- -
Interest Expense
- -
- -
- -
- -
- -
- -
- -
- -
242
848
1,295
1,643
1,424
1,345
1,570
3,134
5,085
6,035
5,412
4,206
6,684
5,771
4,977
Depreciation and Amortization
1,987
2,043
1,731
1,951
- -
5,198
10,150
20,725
7,909
5,928
7,188
8,507
24,055
11,119
13,188
13,023
11,591
13,965
13,307
12,028
14,836
11,445
11,695
EBITDA
2,963
9,908
6,611
5,415
8,773
7,942
10,744
21,428
27,450
38,433
23,071
11,318
52,764
27,060
28,430
7,469
7,089
24,308
19,006
15,274
20,445
17,183
44,786
EBITDA ratio
18.11%
36.76%
26.93%
23.95%
28.49%
319.34%
1,167.83%
3,128.18%
31.29%
3,949.95%
4,846.85%
1,571.94%
36.16%
18.78%
20.10%
5.20%
7.28%
29.86%
275.29%
(109.59)%
(321.51)%
32.01%
53.34%
Operating Income
4,074
9,160
7,431
6,493
10,971
10,466
17,315
20,288
21,712
25,813
22,188
24,560
31,269
18,394
15,747
13,195
14,279
14,464
13,459
23,580
20,614
16,512
32,934
Operating Income ratio
24.91%
33.98%
30.27%
28.71%
35.62%
420.83%
1,882.07%
2,961.75%
24.75%
2,652.93%
4,661.34%
3,411.11%
21.43%
12.76%
11.13%
9.19%
14.67%
17.77%
194.94%
(169.19)%
(324.17)%
30.76%
39.22%
Total Other Income Exp.(Gains)
(3,098)
(1,295)
(2,639)
(3,029)
(2,198)
(1,066)
(16,721)
(19,585)
(2,413)
5,844
(7,600)
(23,392)
(3,984)
(3,901)
(2,337)
(22,019)
(24,027)
(10,156)
(12,873)
(25,212)
(21,689)
(16,738)
(4,709)
Income Before Tax
976
7,865
4,792
3,464
8,773
9,400
594
703
19,299
31,657
14,588
1,168
27,285
14,493
13,410
(8,824)
(9,748)
4,308
586
(1,632)
(1,075)
(226)
28,225
Income Before Tax ratio
5.97%
29.18%
19.52%
15.32%
28.49%
377.97%
64.57%
102.63%
22.00%
3,253.55%
3,064.71%
162.22%
18.70%
10.06%
9.48%
(6.14)%
(10.02)%
5.29%
8.49%
11.71%
16.91%
(0.42)%
33.61%
Income Tax Expense (Gain)
249
2,523
1,389
1,153
(2,663)
(3,217)
(221)
(305)
- -
(10,764)
(4,961)
(306)
- -
3,562
2,578
(1,321)
(1,137)
- -
- -
- -
- -
(1,174)
8,239
Net Income
727
5,342
3,491
2,311
11,436
5,961
815
1,008
19,299
42,421
19,549
1,474
27,285
11,034
11,094
(7,367)
(8,450)
4,308
287
(960)
(1,075)
1,141
19,875
Net Income Ratio
4.44%
19.82%
14.22%
10.22%
37.13%
239.69%
88.59%
147.15%
22.00%
4,359.82%
4,106.93%
204.72%
18.70%
7.66%
7.84%
(5.13)%
(8.68)%
5.29%
4.16%
6.89%
16.91%
2.13%
23.67%
EPS
0.34
2.46
0.80
0.53
1.50
1.41
0.19
0.23
3.00
4.30
3.54
0.30
5.10
1.70
1.70
(1.12)
(1.30)
0.66
0.04
(0.15)
(0.16)
0.18
3.05
EPS Diluted
0.34
2.46
0.80
0.53
1.50
1.41
0.19
0.23
3.00
4.30
3.54
0.30
5.10
1.70
1.70
(1.12)
(1.30)
0.66
0.04
(0.15)
(0.16)
0.18
3.05
Weighted Avg. Shares Outs.
1,268
1,268
4,344
4,344
4,386
4,386
4,386
4,387
4,387
4,387
4,387
4,936
6,532
6,522
6,522
6,522
6,522
6,522
6,522
6,522
6,522
6,522
6,522
Weighted Avg. Shares Outs. Dil.
1,268
1,268
4,344
4,344
4,386
4,386
4,386
4,387
4,387
4,387
4,387
4,936
6,532
6,522
6,522
6,522
6,522
6,522
6,522
6,522
6,522
6,522
6,522
Balance Sheet
Cash and Cash Equivalents
- -
- -
- -
3,301
9,610
6,856
9,871
12,688
6,987
6,499
16,169
17,633
19,057
8,511
15,868
16,655
25,058
21,205
22,519
13,899
7,372
11,711
10,467
Short-Term Investments
- -
- -
- -
334
1,173
1,862
1,810
3,262
267
124
72
15,612
- -
11,441
6,666
9,323
3,527
3,052
3,795
2,759
5,499
659
650
Cash & Short-Term Investments
- -
- -
- -
3,635
10,783
8,718
11,681
15,950
7,254
6,623
16,241
33,245
19,057
19,952
22,534
25,978
28,585
24,257
26,314
16,658
12,871
12,370
11,117
Net Receivables
- -
- -
- -
2,267
2,905
4,285
6,184
6,311
6,538
6,613
12,055
10,572
11,756
- -
- -
11,780
- -
- -
- -
- -
- -
7,326
7,714
Inventory
- -
- -
- -
2,540
2,947
4,904
5,305
6,573
9,231
7,990
11,227
11,834
15,165
12,189
14,225
11,466
7,441
8,475
8,489
8,987
8,189
5,677
7,255
Other Current Assets
- -
- -
- -
1,755
1,265
1,519
2,608
2,121
- -
- -
3,121
8,212
- -
- -
- -
1,608
- -
- -
- -
- -
- -
2,015
4,063
Total Current Assets
- -
- -
- -
10,197
17,900
19,426
25,778
30,955
23,023
21,226
42,644
63,863
45,978
32,141
36,759
50,832
36,026
32,732
34,803
25,645
21,060
27,388
30,149
PP&E
- -
- -
- -
18,224
30,805
37,020
45,920
58,897
84,523
84,719
136,167
218,567
182,465
136,934
227,901
218,730
161,297
175,470
176,650
157,383
159,265
124,201
125,330
Goodwill
- -
- -
- -
- -
183
211
237
243
313
118
139
192
- -
- -
- -
366
- -
- -
- -
- -
- -
24
22
Intangible Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
43,866
38,170
15,419
4,143
3,092
3,272
2,340
2,805
19,473
14,924
3,003
Goodwill and Intangible Assets
- -
- -
- -
- -
183
211
237
243
313
118
139
192
43,866
38,170
15,419
4,509
3,092
3,272
2,340
2,805
19,473
14,948
3,025
Investments
- -
- -
- -
208
340
313
129
94
267
124
7,009
15,612
- -
11,441
- -
5,862
- -
- -
- -
- -
- -
3,317
1,554
Tax Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5,462
- -
- -
- -
- -
1,006
- -
- -
- -
- -
- -
6,451
604
Other Non-Current Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
8,849
- -
- -
- -
- -
17,748
- -
- -
- -
- -
- -
13,705
13,686
Total Non-Current Assets
- -
- -
- -
18,432
31,328
37,544
46,286
59,234
85,103
84,961
157,626
234,371
226,331
186,545
243,320
247,855
164,389
178,742
178,990
160,188
178,738
162,622
144,199
Other Assets
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Assets
- -
- -
- -
28,629
49,228
56,970
72,064
90,189
108,126
106,187
200,270
298,234
272,309
218,686
280,079
298,687
200,415
211,474
213,793
185,833
199,798
190,010
174,348
Accounts Payable
- -
- -
- -
1,702
2,261
3,284
3,838
5,418
7,816
7,763
9,882
- -
- -
6,783
- -
9,760
- -
- -
- -
- -
- -
6,859
5,483
Short-Term Debt
- -
- -
- -
671
1,329
547
950
1,293
1,458
2,399
8,553
- -
- -
- -
- -
11,868
- -
- -
- -
- -
- -
4,186
9,073
Tax Payable
- -
- -
- -
- -
2,305
2,569
3,423
3,357
560
332
- -
- -
- -
5,147
- -
- -
- -
- -
- -
- -
- -
- -
4,734
Deferred Revenue
- -
- -
- -
135
1,122
1,558
2,159
2,916
498
500
- -
534
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Other Current Liabilities
- -
- -
- -
4,437
6,509
7,939
11,208
12,159
- -
- -
12,530
33,018
36,364
27,287
35,226
9,490
28,573
24,903
24,948
25,051
28,816
15,180
9,620
Total Current Liabilities
- -
- -
- -
6,945
11,221
13,328
18,155
21,786
9,772
10,662
30,965
33,552
36,364
34,070
35,226
31,118
28,573
24,903
24,948
25,051
28,816
26,225
24,176
Long-Term Debt
- -
- -
- -
671
1,329
547
950
1,293
1,458
2,399
48,352
60,471
72,718
23,292
106,235
120,274
- -
- -
- -
- -
- -
65,654
49,670
Deferred Revenue
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Deferred Tax Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
9,844
- -
- -
- -
- -
3,031
- -
- -
- -
- -
- -
195
1,229
Other Non-Current Liabilities
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
15,689
- -
- -
20,553
- -
27,286
- -
- -
- -
- -
- -
38,060
29,461
Total Non-Current Liabilities
- -
- -
- -
671
1,329
547
950
1,293
1,458
2,399
73,885
60,471
72,718
43,845
106,235
150,591
- -
- -
- -
- -
- -
103,909
80,360
Other Liabilities
- -
- -
- -
9,634
14,980
13,590
9,274
10,136
121,401
117,432
- -
- -
- -
286,061
243,309
- -
135,893
144,530
144,916
123,842
126,709
- -
- -
Capital Lease Obligations
- -
- -
- -
1,907
1,242
1,069
1,015
824
738
595
430
222
142
104
89
72
51
244
229
185
23,861
21,650
23,043
Total Liabilities
- -
- -
- -
15,908
24,872
26,371
26,479
30,629
129,715
125,695
104,850
31,263
33,218
276,286
172,300
181,709
164,466
169,433
169,864
148,893
155,525
130,134
104,536
Preferred Stock
- -
- -
- -
- -
- -
- -
- -
- -
8,620
15,106
15,106
45,840
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Common Stock
- -
- -
- -
3,761
4,289
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
107,101
- -
- -
- -
- -
- -
107,101
107,101
Retained Earnings
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
51,753
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Other Compreh. Income(Loss)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(52,324)
- -
- -
- -
- -
(75,245)
- -
- -
- -
- -
- -
(100,674)
(37,694)
Other Total Stockhold. Equity
- -
- -
- -
5,540
12,863
22,506
- -
- -
129,715
125,695
95,991
308,683
319,410
276,286
149,123
84,416
66,055
77,550
- -
- -
- -
52,921
- -
Total Stockholders Equity
- -
- -
- -
9,301
17,152
22,506
32,917
44,299
65,179
61,909
94,058
181,494
175,838
167,887
148,527
116,272
65,236
76,779
79,802
71,544
73,323
59,348
69,407
Total Liab.&Stockhold. Equity
- -
- -
- -
25,209
42,024
48,877
59,396
74,928
194,894
187,604
198,908
212,757
209,056
444,173
320,827
297,981
229,702
246,212
249,666
220,437
228,848
189,482
173,943
Minority Interest
- -
- -
- -
3,420
7,204
8,093
12,668
15,261
(86,768)
(81,417)
1,362
85,477
63,253
(225,487)
(40,748)
706
(29,287)
(34,738)
(35,873)
(34,604)
(29,050)
528
405
Total Liabilities & Equity
- -
- -
- -
28,629
49,228
56,970
72,064
90,189
108,126
106,187
200,270
298,234
272,309
218,686
280,079
298,687
200,415
211,474
213,793
185,833
199,798
190,010
174,348
Cash Flow Statement
Net Income
727
5,342
3,491
2,311
11,436
5,961
815
1,008
19,299
42,421
19,549
1,474
27,285
11,034
11,094
(7,367)
(8,450)
4,308
287
(960)
(1,075)
1,141
19,875
Depreciation and Amortization
1,987
2,043
1,731
1,951
- -
5,198
10,150
20,725
7,909
5,928
7,188
8,507
24,055
11,119
13,188
13,023
11,591
13,965
13,307
12,028
14,836
11,445
- -
Deferred Income Tax
184
949
193
(116)
- -
- -
- -
- -
- -
2,355
860
2,960
- -
2,254
402
(3,045)
(2,043)
(913)
467
764
2,798
(4,916)
3,072
Stock Based Compensation
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Change in Working Capital
11
(1,551)
524
(949)
404
(791)
285
1,534
811
(1,972)
(304)
(4,178)
(7,060)
(6,546)
(4,612)
(6,620)
(2,203)
(1,977)
(2,149)
(2,429)
(6,419)
2,430
(558)
Accounts Receivable
- -
- -
- -
- -
- -
(2,042,177)
(5,114,060)
(8,858,270)
(3,608,351)
(1,098)
(777)
(2,347)
(2,235)
- -
- -
- -
- -
1,131
708
102
87
- -
- -
Inventory
(319)
(1,048)
232
(1,139)
- -
- -
- -
- -
- -
(568)
(672)
(427)
- -
(1,864)
(2,128)
570
291
343
66
420
15
724
(2,334)
Accounts Payable
- -
- -
- -
- -
- -
- -
- -
- -
- -
2,246
206
251
(23,028)
- -
- -
- -
- -
- -
- -
- -
- -
- -
1,073
Other Working Capital
- -
- -
- -
- -
7,623
9,169
1,418
1,551
905
770
1,163
(79)
(163)
(735)
(796)
(834)
(1,498)
(1,752)
(2,590)
(3,131)
(7,069)
(1,869)
(4,325)
Other Non-Cash Items
1,835
857
2,804
3,090
(11,840)
(2,332,326)
(17,140)
(1,990,679)
(5,238,002)
(20,512)
(2,373)
19,732
(471,441)
10,027
6,217
30,641
27,018
10,731
15,200
16,950
15,137
18,790
15,402
Cash Provided by Operating Activities
4,744
7,640
8,743
6,287
- -
(2,321,958)
(5,890)
(1,967,412)
(5,209,983)
28,220
24,920
28,495
(427,161)
27,888
26,289
26,632
25,913
26,114
27,112
26,353
25,277
28,890
37,791
CAPEX
(4,351)
(3,583)
(4,254)
(4,911)
(6,551)
(488)
(19)
(460)
(904)
(29,874)
(35,134)
(45,078)
- -
(25,863)
(45,110)
(34,808)
(21,653)
- -
- -
- -
- -
(5,874)
(6,325)
Acquisitions Net
- -
- -
- -
- -
- -
- -
- -
- -
(1,551)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(44)
1,812
- -
(24)
Purchases of Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
(199)
(5,469)
(108)
- -
- -
- -
- -
- -
- -
Sales/Maturities of Investments
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2,051
5,718
- -
7,982
- -
- -
- -
- -
66
- -
Other Investing Activities
44
6
(338)
(1,745)
1,032
(1,405,754)
(2,270,951)
(1,890,584)
(5,942,556)
408
14
(17,942)
(8,816,399)
(14,567)
(41,144)
(31,006)
(20,667)
577
2,607
1,396
(7,165)
1,298
8,506
Cash Used for Investing Activities
(4,307)
(3,577)
(4,592)
(6,656)
(5,519)
(1,406,242)
(2,270,970)
(1,891,044)
(5,945,011)
(29,466)
(35,120)
(63,020)
(8,857,776)
(38,379)
(35,625)
(36,475)
(12,793)
(11,303)
(11,032)
(4,762)
(3,496)
(4,510)
2,157
Debt Repayment
- -
- -
- -
- -
321
(465,208)
(602,410)
(1,731,726)
(1,557,783)
380
1,286
460
(1,166)
(11,347)
(18,455)
(10,031)
(14,809)
(372)
(799)
(2,573)
(2,330)
(31,607)
(27,240)
Common Stock Issued
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Common Stock Repurchased
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividends Paid
(342)
(512)
(1,725)
(1,018)
(13)
- -
- -
- -
- -
(4,747)
(7,712)
- -
- -
(3,272)
(2,656)
(3,918)
- -
(473)
(452)
(808)
(1,436)
(1,367)
(13,078)
Other Financing Activities
2,320
(298)
(29)
(596)
2,068
4,636,524
2,002,731
5,870,249
12,876,880
7,145
23,361
34,926
8,908,007
20,688
34,406
24,957
11,215
(18,269)
(13,387)
(26,212)
(27,795)
13,715
(473)
Cash Used/Provided by Financing Activities
1,978
(810)
(1,754)
(1,614)
2,376
4,171,316
1,400,321
4,138,523
11,319,097
2,778
16,935
35,386
8,906,841
6,069
13,295
11,008
(3,594)
(19,114)
(14,638)
(29,593)
(31,561)
(19,259)
(40,791)
Effect of Forex Changes on Cash
(213)
(442)
(863)
(2,076)
- -
- -
- -
- -
- -
- -
- -
- -
- -
(1,115)
(1,611)
(378)
(1,123)
- -
- -
- -
- -
(773)
(402)
Net Change In Cash
2,202
2,811
1,534
(4,059)
6,309
443,116
(876,539)
280,067
164,103
(488)
9,670
1,464
2,889,935
(5,537)
2,348
787
8,403
(3,853)
1,314
(8,620)
(6,522)
4,348
(1,245)
Cash at the End of Period
3,015
5,826
7,360
3,301
9,610
1,107,284
230,745
510,812
674,915
6,499
16,169
17,633
4,087,376
13,520
15,868
16,655
25,058
21,205
22,519
13,899
7,377
11,725
10,480
Cash at the Beginning of Period
813
3,015
5,826
7,360
3,301
664,168
1,107,284
230,745
510,812
6,987
6,499
16,169
1,197,441
19,057
13,520
15,868
16,655
25,058
21,205
22,519
13,899
7,377
11,725
Free Cash Flow
393
4,057
4,489
1,376
(6,551)
(2,322,446)
(5,909)
(1,967,872)
(5,210,887)
(1,654)
(10,214)
(16,583)
(427,161)
2,025
(18,821)
(8,176)
4,260
26,114
27,112
26,353
25,277
23,016
31,466
Forex Rate
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -