Petróleo Brasileiro S.A. - Petrobras (PBR) Income Statement Analysis

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Complete financial analysis of Petróleo Brasileiro S.A. – Petrobras (PBR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Petróleo Brasileiro S.A. – Petrobras, a leading company in the Oil & Gas Integrated industry within the Energy sector.

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Petróleo Brasileiro S.A. - Petrobras (PBR)

Industry: Oil & Gas Integrated

Sector: Energy

Website: https://petrobras.com.br

About Petróleo Brasileiro S.A. - Petrobras

Petróleo Brasileiro S.A. - Petrobras explores for, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. It 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. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries. The Refining, Transportation and Marketing segment engages in the refining, logistics, transport, marketing, and trading of crude oil and oil products; exportation of ethanol; and extraction and processing of shale, as well as holding interests in petrochemical companies. The Gas and Power segment is involved in the logistic and trading of natural gas and electricity; transportation and trading of LNG; generation of electricity through thermoelectric power plants; holding interests in transportation and distribution of natural gas; and fertilizer production and natural gas processing business. The Corporate and Other Businesses segment produces biodiesel and its co-products, and ethanol; and distributes oil products. Petróleo Brasileiro S.A. - Petrobras was incorporated in 1953 and is headquartered in Rio de Janeiro, Brazil.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Revenue	102.41B	124.47B	83.97B	53.68B	76.59B	84.64B	77.88B	81.41B	97.31B	143.66B	141.46B	144.10B	145.92B	120.45B	91.87B	118.26B	87.74B	72.35B	56.32B	38.43B	30.91B	22.61B	24.55B	26.96B	16.36B
Cost of Revenue	48.44B	59.49B	43.16B	29.20B	45.73B	52.18B	51.20B	55.42B	67.49B	109.48B	108.83B	108.28B	99.60B	77.15B	49.25B	72.87B	49.79B	40.18B	29.83B	21.89B	16.05B	11.94B	13.21B	13.45B	8.78B
Gross Profit	53.97B	64.99B	40.80B	24.49B	30.86B	32.45B	26.69B	25.99B	29.83B	34.18B	32.63B	35.83B	46.32B	43.31B	42.62B	45.39B	37.95B	32.16B	26.50B	16.54B	14.87B	10.67B	11.34B	13.51B	7.58B
Gross Profit Ratio	52.70%	52.21%	48.59%	45.62%	40.29%	38.34%	34.26%	31.92%	30.65%	23.79%	23.06%	24.86%	31.74%	35.95%	46.39%	38.38%	43.25%	44.46%	47.04%	43.03%	48.10%	47.19%	46.19%	50.11%	46.33%
Research & Development	726.00M	792.00M	563.00M	355.00M	576.00M	641.00M	572.00M	523.00M	630.00M	1.10B	1.13B	1.14B	1.45B	989.00M	681.00M	941.00M	881.00M	730.00M	399.00M	248.00M	201.00M	147.00M	132.00M	152.00M	108.00M
General & Administrative	1.64B	7.00B	6.78B	4.52B	3.38B	8.18B	5.38B	4.83B	4.71B	6.96B	6.63B	6.89B	7.43B	6.53B	7.74B	8.27B	7.24B	5.84B	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	5.19B	21.08B	4.23B	21.64B	4.48B	4.63B	3.61B	3.96B	4.63B	6.83B	4.90B	4.93B	5.35B	4.86B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	8.28B	7.00B	6.78B	4.52B	7.86B	8.18B	8.99B	8.79B	9.34B	13.79B	11.53B	11.82B	12.78B	11.39B	7.74B	8.27B	7.24B	5.84B	4.47B	2.90B	2.09B	1.74B	1.75B	1.93B	1.28B
Other Expenses	5.70B	3.93B	2.46B	-433.00M	1.51B	863.00M	7.42B	983.00M	5.16B	4.99B	4.76B	5.22B	4.03B	3.17B	12.01B	10.37B	9.10B	5.73B	5.39B	2.92B	2.12B	2.29B	2.02B	2.27B	2.11B
Operating Expenses	14.70B	11.73B	9.80B	4.44B	9.94B	9.68B	16.98B	10.30B	15.13B	19.88B	17.42B	18.18B	18.26B	15.55B	20.43B	19.58B	17.22B	12.30B	10.26B	6.07B	4.41B	4.18B	3.91B	4.35B	3.50B
Cost & Expenses	63.14B	71.21B	52.97B	33.63B	55.67B	61.87B	68.18B	65.71B	82.61B	129.36B	126.26B	126.45B	117.85B	92.69B	69.68B	92.44B	67.01B	52.48B	40.09B	27.96B	20.46B	16.12B	17.12B	17.80B	12.28B
Interest Income	210.00M	673.00M	2.82B	349.00M	5.00M	87.00M	0.00	547.00M	718.00M	968.00M	1.18B	2.64B	3.23B	1.64B	1.90B	1.64B	1.55B	1.17B	710.00M	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	3.62B	3.31B	4.98B	5.77B	6.68B	5.42B	4.45B	5.99B	5.09B	3.13B	1.57B	1.35B	463.00M	914.00M	1.30B	848.00M	677.00M	1.34B	955.00M	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	13.28B	13.22B	11.70B	11.45B	14.84B	11.91B	13.17B	13.97B	11.59B	13.02B	13.19B	11.12B	10.54B	8.31B	7.13B	5.93B	5.54B	3.67B	2.93B	2.47B	1.79B	1.95B	1.73B	2.04B	1.99B
EBITDA	52.30B	70.05B	44.90B	16.99B	33.52B	28.16B	20.50B	16.29B	6.93B	7.33B	28.17B	26.96B	37.72B	36.50B	30.54B	33.77B	25.52B	24.17B	18.47B	12.95B	12.24B	8.44B	9.16B	11.20B	6.06B
EBITDA Ratio	51.07%	59.39%	56.68%	57.25%	47.24%	39.78%	30.24%	36.26%	27.12%	19.77%	21.56%	15.04%	28.70%	30.08%	34.21%	28.21%	32.61%	34.50%	40.44%	37.10%	46.99%	52.94%	50.35%	47.35%	59.74%
Operating Income	39.27B	53.26B	31.00B	20.05B	20.92B	22.77B	9.71B	15.69B	14.70B	14.30B	15.21B	17.65B	28.06B	27.76B	22.19B	25.81B	20.72B	19.87B	16.24B	10.47B	10.46B	6.49B	7.43B	9.16B	4.07B
Operating Income Ratio	38.35%	42.79%	36.92%	37.35%	27.31%	26.91%	12.47%	19.28%	15.11%	9.95%	10.75%	12.25%	19.23%	23.05%	24.15%	21.83%	23.62%	27.46%	28.82%	27.24%	33.83%	28.71%	30.27%	33.98%	24.91%
Total Other Income/Expenses	-3.88B	263.00M	-2.78B	-20.28B	-8.92B	-11.95B	-8.20B	-19.36B	-24.45B	-23.12B	-1.80B	-3.16B	-1.34B	-488.00M	-127.00M	1.18B	-1.42B	-704.00M	-1.64B	-1.53B	-1.69B	-3.03B	-2.64B	-1.30B	-3.10B
Income Before Tax	35.40B	53.53B	28.23B	-226.00M	12.00B	10.83B	1.51B	-3.67B	-9.75B	-8.82B	13.41B	14.49B	26.72B	27.27B	22.06B	26.99B	19.30B	19.16B	14.59B	8.94B	8.77B	3.46B	4.79B	7.87B	976.00M
Income Before Tax Ratio	34.56%	43.00%	33.61%	-0.42%	15.67%	12.79%	1.93%	-4.50%	-10.02%	-6.14%	9.48%	10.06%	18.31%	22.64%	24.01%	22.82%	22.00%	26.48%	25.91%	23.25%	28.38%	15.32%	19.52%	29.18%	5.97%
Income Tax Expense	10.40B	16.77B	8.24B	-1.17B	4.20B	4.26B	1.70B	684.00M	-1.14B	-1.32B	2.58B	3.56B	6.73B	6.83B	5.24B	9.26B	5.89B	5.69B	4.44B	2.23B	2.66B	1.15B	1.39B	2.52B	249.00M
Net Income	24.88B	36.62B	19.88B	1.14B	10.15B	7.17B	-91.00M	-4.84B	-8.45B	-7.37B	11.09B	11.03B	20.12B	20.06B	15.50B	18.88B	13.14B	12.83B	10.34B	6.19B	6.56B	2.31B	3.49B	5.34B	727.00M
Net Income Ratio	24.30%	29.42%	23.67%	2.13%	13.25%	8.47%	-0.12%	-5.94%	-8.68%	-5.13%	7.84%	7.66%	13.79%	16.65%	16.88%	15.96%	14.97%	17.73%	18.37%	16.11%	21.22%	10.22%	14.22%	19.82%	4.44%
EPS	3.82	5.62	3.04	0.18	1.56	1.10	-0.01	-0.74	-1.30	-1.13	1.70	1.69	5.10	3.88	3.54	4.30	3.00	2.92	2.36	1.41	0.75	0.53	0.80	1.23	0.34
EPS Diluted	3.82	5.62	3.04	0.18	1.56	1.10	-0.01	-0.74	-1.30	-1.13	1.70	1.69	5.10	3.88	3.54	4.30	3.00	2.92	2.36	1.41	0.75	0.53	0.80	1.23	0.34
Weighted Avg Shares Out	6.51B	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	6.53B	4.94B	4.89B	4.39B	4.39B	4.39B	4.39B	4.39B	8.77B	4.34B	4.34B	4.34B	1.27B
Weighted Avg Shares Out (Dil)	6.51B	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	6.53B	4.94B	4.89B	4.39B	4.39B	4.39B	4.39B	4.39B	8.77B	4.34B	4.34B	4.34B	1.27B

Petrobras Continues To Trade At A Low Valuation With Lofty Potential

September 10, 2024seekingalpha.com

Petrobras has achieved strong production and financial results, hitting 2.8 million barrels/day and generating $10 billion in quarterly operating cash flow. The company has significantly reduced its net debt to $46.2 billion and maintains a robust cash position, enhancing financial...

PETROBRAS ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF CASH TENDER OFFERS

September 10, 2024prnewswire.com

RIO DE JANEIRO , Sept. 10, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A.

Petrobras Accelerates Its Plan to Re-Enter Fertilizer Industry

September 9, 2024zacks.com

PBR expedites its re-entry into the fertilizer industry, considering a $800 million investment in a plant to enhance Brazil's agricultural sector.

Petrobras Signs Concession Contracts for Blocks in the Pelotas Basin

September 5, 2024zacks.com

PBR, in partnership with SHEL, signs 26 concession contracts for several blocks located in the Pelotas Basin, off the southern coast of Brazil.

PETROBRAS ANNOUNCES OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND COMMENCEMENT OF CASH TENDER OFFERS

September 3, 2024prnewswire.com

RIO DE JANEIRO , Sept. 3, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A.

Petrobras Is Still A Solid Hold

September 1, 2024seekingalpha.com

I maintain a "Hold" rating on Petrobras stock due to ongoing political and geographical risks, despite its undervaluation and strong FCF generation capacity. Petrobras's strategic focus on pre-salt deepwater resources has improved profitability, but recent declines in ROCE and profitability...

Petrobras: Focus On The Rich Yields & Discounted Valuations - Volatility Is Inevitable

August 31, 2024seekingalpha.com

PBR remains a compelling Buy due to its rich forward dividend yields, outperforming its oil/ gas peers and the US Treasury Yields. If anything, the state-run status, the country's volatile political scene, and the numerous leadership changes have contributed to...