Petrobras - Petroleo Brasileiro SA income statement PBR-A

Annual Quarterly

In fiscal 2024, which ended Dec 31, 2024, Petrobras - Petroleo Brasileiro SA reported revenue of $91.4 billion, down 10.7% from the year before. Net income was $7.6 billion, a profit margin of 8.3%. Operating income came to $26.9 billion, an operating margin of 29.4%. Diluted earnings per share were $0.58. Across the 10 fiscal years shown, revenue shrank from $115.9 billion in fiscal 2009 to $91.4 billion in fiscal 2024, about 2.6% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2010 Dec 31, 2010	FY 2009 Dec 31, 2009
Revenue	91,416 -10.7%	102,409 -17.7%	124,474 +48.2%	83,966 +56.4%	53,683 -29.9%	76,589 -9.5%	84,638 +8.7%	77,884	150,852 +30.2%	115,892
Cost of revenue	45,444 -6.2%	48,435 -18.6%	59,486 +37.8%	43,164 +47.8%	29,195 -36.2%	45,732 -12.4%	52,184 +1.9%	51,198	70,694 +43.5%	49,251
Gross profit	45,972 -14.8%	53,974 -16.9%	64,988 +59.3%	40,802 +66.6%	24,488 -20.6%	30,857 -4.9%	32,454 +21.6%	26,686	80,158 +20.3%	66,641
Research and development	789 +8.7%	726 -8.3%	792 +40.7%	563 +58.6%	355 +161.6%	-576 -189.9%	641 +12.1%	572	993 +45.8%	681
Selling, general and administrative	6,719 +1.3%	6,632 +5.9%	6,263 +15.9%	5,405 -9.5%	5,974 +190.5%	-6,600 -208.8%	6,066 -3.3%	6,270	8,977 +27.9%	7,020
Operating income	26,876 -29.3%	38,033 -33.4%	57,114 +52.0%	37,584 +273.5%	10,063 -51.2%	20,614 +22.8%	16,788 +59.1%	10,553	—	—
Pretax income	11,142 -68.5%	35,396 -33.9%	53,525 +89.6%	28,225 +12588.9%	-226 -101.9%	12,003 +10.9%	10,827 +618.4%	1,507	25,831 +17.1%	22,061
Income tax	3,537 -66.0%	10,401 -38.0%	16,770 +103.5%	8,239 +801.8%	-1,174 -128.0%	4,200 -1.3%	4,256 +150.8%	1,697	—	—
Net income	7,605 -69.6%	24,995 -32.0%	36,755 +83.9%	19,986 +2008.2%	948 -90.9%	10,363 +39.8%	7,414 +4287.0%	169	—	—
Basic EPS	0.58 -69.6%	1.91 -32.0%	2.81 +84.9%	1.52	—	0.78	—	—	—	—
Diluted EPS	0.58 -69.6%	1.91	—	—	—	—	—	—	—	—
Other measures
Depreciation and amortization	—	—	—	—	—	—	12,028 -9.6%	13,307	8,507 +18.4%	7,188
EBITDA	—	—	—	—	—	—	28,816 +20.8%	23,860	—	—
Interest coverage	4.51x	9.70x	16.32x	7.30x	1.68x	—	2.96x	1.51x	—	—
Margins
Gross margin	50.29%	52.70%	52.21%	48.59%	45.62%	40.29%	38.34%	34.26%	53.14%	57.50%
Operating margin	29.40%	37.14%	45.88%	44.76%	18.75%	26.92%	19.84%	13.55%	—	—
Pretax margin	12.19%	34.56%	43.00%	33.61%	-0.42%	15.67%	12.79%	1.93%	17.12%	19.04%
Profit margin	8.32%	24.41%	29.53%	23.80%	1.77%	13.53%	8.76%	0.22%	—	—
EBITDA margin	—	—	—	—	—	—	34.05%	30.64%	—	—
Effective tax rate	31.74%	29.38%	31.33%	29.19%	—	34.99%	39.31%	112.61%	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry: Crude Petroleum & Natural Gas (SIC 1311)
Listed as: PBR (NYSE), PBR-A (NYSE)
Fiscal year ends: December 31
Incorporated in: Brazil
Headquarters: Rio De Janerio Rj Br
SEC filer status: Large accelerated filer
SEC CIK: 1119639
Former names: BRAZILIAN PETROLEUM CORP (until Jun 2, 2008)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.