Petróleo Brasileiro S.A. - (PBR) Financials: Revenue & Earnings
PBR$22.03+0.00 0.00%
$141.97B
Market Cap
5.82
P/E
4.60
Forward P/E
67
Score
Petróleo Brasileiro S.A. - (PBR) Financials: Revenue & Earnings
PBR price $22.03 +0.00 0.00%
- Ticker
- PBR
- Price
- $22.03
- Change
- +0.00 0.00%
- Market cap ?
- $141.97B
- P/E ?
- 5.82
- Forward P/E ?
- 4.60
- Dividend yield ?
- 6.01%
- Beta ?
- -0.22
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Stocklytics score
- 67
- Value
- 68
- Quality
- 64
- Growth
- 68
Stocklytics score rationale: value 68, quality 64, growth 68.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 81405000000 | 77884000000 | 84638000000 | 76589000000 | 53683000000 | 83966000000 | 124474000000 | 105541835883 | 91416000000 | 88104423000 |
Brazilian energy giant Petróleo Brasileiro S.A. (Petrobras) is deeply involved in the global oil and gas industry, conducting exploration, production, and sales activities both within Brazil and internationally. The company's diverse operations are organized into four primary business segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Businesses…
Fair value
PBR fair value $94.17. Price $22.03. Price is 77% below fair value.
Below fair value, and cheaper than usual. A larger discount than on 75% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Average free cash flow, last three years 23.72B. Growth 20.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.00%. Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 6.44B. Net debt 63.59B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Model uncertainty high for this stock
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-10 | — | 1.23 | — | 31.59B |
| 2026-08-06 | 1.61 | 1.40 | 33.61B | 31.46B |
| 2026-05-11 | 0.96 | 1.02 | 23.54B | 26.53B |
| 2026-03-05 | 0.72 | 0.57 | 23.61B | 23.09B |
| 2025-11-06 | 0.82 | 0.79 | 23.48B | 23.58B |
| 2025-08-08 | 0.64 | 0.70 | 21.04B | 21.29B |
| 2025-05-12 | 0.62 | 0.92 | 21.07B | 22.30B |
| 2025-02-26 | 0.49 | 0.37 | 20.82B | 21.45B |
| 2024-11-07 | 0.93 | 0.82 | 23.37B | 22.46B |
| 2024-08-08 | 0.47 | 0.47 | 23.47B | 23.18B |
| 2024-05-13 | 0.75 | 0.84 | 23.77B | 26.30B |
| 2024-03-08 | 1.27 | 1.12 | 27.11B | 26.77B |
| 2023-11-10 | 0.86 | 0.90 | 25.55B | 26.03B |
| 2023-08-03 | 0.90 | 0.97 | 22.98B | 24.07B |
| 2023-05-11 | 1.11 | 0.98 | 26.77B | 27.69B |
| 2023-03-02 | 1.25 | 1.10 | 30.17B | 30.26B |
| 2022-11-03 | 1.35 | 1.32 | 32.41B | 30.53B |
| 2022-07-28 | 1.39 | 1.14 | 34.70B | 30.49B |
| 2022-05-05 | 1.29 | 1.08 | 27.19B | 28.54B |
| 2022-02-23 | 0.65 | 0.84 | 27.10B | 24.02B |
| 2021-10-28 | 0.51 | 0.49 | 23.25B | 22.59B |
| 2021-08-04 | 1.18 | 0.92 | 20.98B | 20.19B |
| 2021-05-14 | 0.03 | 0.26 | 15.70B | — |
| 2021-02-24 | 0.82 | 0.06 | 13.91B | 14.22B |
| 2020-10-29 | 0.09 | 0.05 | 13.15B | 11.71B |
| 2020-07-31 | -0.38 | -0.31 | 9.48B | 6.88B |
| 2020-05-14 | -0.10 | 0.07 | 17.14B | 19.52B |
| 2020-02-24 | 0.30 | 0.38 | 19.87B | 24.05B |
| 2019-10-28 | 0.38 | 0.41 | 19.42B | 20.84B |
| 2019-08-05 | 0.72 | 0.34 | 18.50B | 15.66B |
| 2019-05-02 | 0.16 | 0.22 | 18.80B | 20.17B |
| 2019-02-27 | 0.32 | 0.30 | 24.35B | 18.73B |
| 2018-11-06 | 0.26 | 0.35 | 22.55B | 33.58B |
| 2018-08-03 | 0.44 | 0.31 | 20.75B | 23.04B |
| 2018-05-08 | 0.32 | 0.19 | 22.96B | 20.96B |
| 2018-03-15 | 0.20 | 0.18 | 23.57B | — |
| 2017-11-14 | 0.03 | 0.15 | 22.70B | 37.72B |
| 2017-08-10 | 0.08 | 0.15 | 20.82B | 33.73B |
| 2017-05-11 | 0.22 | 0.07 | 21.74B | 16.55B |
| 2017-03-21 | 0.21 | 0.20 | 21.40B | — |
Dividends
Yield 6.52%. Payout ratio 28.31%. Frequency Quarterly.
Safety score 91/100 · Safe. Payout ratio is 28% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 23 separate years. Yield is 6.5%, which is on the high side.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-08-25 | $0.53 | 2026-08-25 | 2026-12-29 | Quarterly |
| 2026-06-03 | $0.28 | 2026-06-03 | 2026-09-28 | Annual |
| 2026-04-24 | $0.26 | 2026-04-24 | 2026-05-28 | Special |
| 2025-12-26 | $0.37 | 2025-12-26 | 2026-03-27 | Special |
| 2025-08-25 | $0.25 | 2025-08-25 | 2025-12-30 | Special |
| 2025-06-04 | $0.33 | 2025-06-04 | 2025-09-29 | Special |
| 2025-04-22 | $0.27 | 2025-04-22 | 2025-06-27 | Semi-Annual |
| 2024-12-27 | $0.43 | 2024-12-27 | 2025-02-27 | Special |
| 2024-12-13 | $0.50 | 2024-12-13 | 2025-01-03 | Semi-Annual |
| 2024-08-23 | $0.35 | 2024-08-23 | 2024-11-29 | Special |
| 2024-06-13 | $0.38 | 2024-06-13 | 2024-09-27 | Special |
| 2024-05-03 | $0.67 | 2024-05-06 | 2024-06-27 | Irregular |
| 2024-04-26 | $0.44 | 2024-04-29 | 2024-06-27 | Annual |
| 2023-11-22 | $0.51 | 2023-11-24 | 2024-02-27 | Special |
| 2023-08-22 | $0.47 | 2023-08-23 | 2023-11-30 | Special |
| 2023-06-13 | $0.77 | 2023-06-14 | 2023-08-25 | Special |
| 2023-04-28 | $1.19 | 2023-05-01 | 2023-05-26 | Quarterly |
| 2022-11-22 | $1.24 | 2022-11-23 | 2022-12-28 | Special |
| 2022-08-12 | $2.60 | 2022-08-15 | 2022-09-08 | Quarterly |
| 2022-05-24 | $1.40 | 2022-05-25 | 2022-06-27 | Monthly |
| 2022-04-14 | $1.17 | 2022-04-18 | 2022-05-23 | Irregular |
| 2021-12-02 | $1.08 | 2021-12-03 | 2021-12-22 | Special |
| 2021-08-17 | $0.61 | 2021-08-18 | 2021-09-01 | Irregular |
| 2021-04-15 | $0.29 | 2021-04-16 | 2021-05-06 | Special |
| 2020-07-23 | $0.09 | 2020-07-24 | 2020-12-22 | Special |
| 2019-11-12 | $0.08 | 2019-11-13 | 2020-02-18 | Special |
| 2019-08-13 | $0.10 | 2019-08-14 | 2019-10-15 | Special |
| 2019-05-22 | $0.05 | 2019-05-23 | 2019-07-15 | Special |
| 2018-12-28 | $0.02 | 2018-12-31 | 2019-05-28 | Special |
| 2018-11-23 | $0.04 | 2018-11-26 | 2018-12-10 | Special |
| 2018-08-14 | $0.02 | 2018-08-15 | 2018-09-04 | Special |
| 2018-05-22 | $0.03 | 2018-05-23 | 2018-06-08 | Special |
| 2014-04-03 | $0.48 | 2014-04-07 | 2014-05-02 | Special |
| 2013-04-30 | $0.24 | 2013-05-02 | 2013-09-06 | Special |
| 2012-05-14 | $0.20 | 2012-05-16 | 2012-06-07 | Irregular |
| 2012-03-20 | $0.12 | 2012-03-22 | 2012-05-25 | Quarterly |
| 2012-01-03 | $0.21 | 2012-01-05 | 2012-03-07 | Irregular |
| 2011-11-14 | $0.22 | 2011-11-16 | 2011-12-07 | Quarterly |
| 2011-08-04 | $0.25 | 2011-08-08 | 2011-09-08 | Quarterly |
| 2011-05-12 | $0.25 | 2011-05-16 | 2011-06-07 | Irregular |
| 2011-05-04 | $0.16 | 2011-05-06 | 2011-07-05 | Monthly |
| 2011-03-22 | $0.19 | 2011-03-24 | 2011-04-07 | Quarterly |
| 2010-12-22 | $0.24 | 2010-12-27 | 2011-01-06 | Irregular |
| 2010-11-03 | $0.16 | 2010-11-05 | 2010-12-07 | Quarterly |
| 2010-08-02 | $0.23 | 2010-08-04 | 2010-09-08 | Quarterly |
| 2010-05-24 | $0.22 | 2010-05-26 | 2010-06-08 | Monthly |
| 2010-04-23 | $0.29 | 2010-04-27 | 2010-05-07 | Quarterly |
| 2009-12-23 | $0.23 | 2009-12-28 | 2010-01-07 | Irregular |
| 2009-10-01 | $0.22 | 2009-10-05 | 2009-12-29 | Quarterly |
| 2009-07-06 | $0.34 | 2009-07-08 | 2009-12-07 | Quarterly |
| 2009-04-09 | $0.38 | 2009-04-14 | 2009-08-24 | Quarterly |
| 2008-12-29 | $0.83 | 2008-12-31 | 2009-08-21 | Semi-Annual |
| 2008-04-08 | $0.01 | 2008-04-09 | 2008-06-10 | Irregular |
| 2008-04-07 | $0.12 | 2008-04-09 | 2008-06-10 | Quarterly |
| 2008-01-14 | $0.18 | 2008-01-16 | 2008-05-07 | Quarterly |
| 2007-10-05 | $0.29 | 2007-10-10 | 2008-04-07 | Quarterly |
| 2007-08-20 | $0.28 | 2007-08-22 | 2008-01-30 | Quarterly |
| 2007-04-03 | $0.19 | 2007-04-05 | 2007-05-24 | Quarterly |
| 2007-01-03 | $0.23 | 2007-01-04 | 2007-04-09 | Quarterly |
| 2006-11-01 | $0.47 | 2006-11-03 | 2007-01-11 | Semi-Annual |
| 2006-04-04 | $0.26 | 2006-04-06 | 2006-05-31 | Semi-Annual |
| 2006-01-03 | $0.24 | 2006-01-05 | 2006-03-29 | Semi-Annual |
| 2005-07-01 | $0.22 | 2005-07-06 | 2006-01-12 | Quarterly |
| 2005-04-01 | $0.17 | 2005-04-05 | 2005-05-26 | Semi-Annual |
| 2004-09-28 | $0.29 | 2004-09-30 | 2005-02-23 | Semi-Annual |
| 2004-03-25 | $0.18 | 2004-03-29 | 2004-06-01 | Semi-Annual |
| 2003-11-21 | $0.26 | 2003-11-25 | 2004-02-25 | Semi-Annual |
| 2003-03-25 | $0.14 | 2003-03-27 | 2003-05-14 | Semi-Annual |
| 2002-11-07 | $0.08 | 2002-11-12 | 2003-01-23 | Semi-Annual |
| 2002-03-20 | $0.22 | 2002-03-22 | 2002-05-14 | Semi-Annual |
| 2001-08-10 | $0.02 | 2001-08-14 | 2001-08-31 | Monthly |
| 2001-07-06 | $0.10 | 2001-07-10 | 2001-08-29 | Quarterly |
| 2001-03-21 | $0.29 | 2001-03-23 | 2001-05-11 | Irregular |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2029-05-01 | Schlosser Claudio Romeo | Other | 3.37K | — | — |
| 2029-05-01 | Chambriard Magda Maria de Regina | Other | 2.29K | — | — |
| 2029-05-01 | Melgarejo Fernando Sabbi | Other | 1.71K | — | — |
| 2029-05-01 | Dos Anjos Sylvia Maria Couto | Other | 1.69K | — | — |
| 2029-05-01 | Coppetti Clarice | Other | 3.37K | — | — |
| 2029-05-01 | Lopes Renata Faria Rodrigues Baruzzi | Other | 1.69K | — | — |
| 2026-09-14 | Pogliese Marcelo Weick | Sell | 46 | $10.44 | 480 |
| 2026-09-14 | Pogliese Marcelo Weick | Sell | 225 | $9.46 | 2.13K |
| 2026-08-21 | Chambriard Magda Maria de Regina | Other | 0 | — | — |
| 2026-08-21 | Da Silva William Franca | Other | 0 | — | — |
| 2026-08-21 | Melgarejo Fernando Sabbi | Other | 0 | — | — |
| 2026-08-21 | Lopes Renata Faria Rodrigues Baruzzi | Other | 0 | — | — |
| 2026-08-21 | Dos Anjos Sylvia Maria Couto | Other | 0 | — | — |
| 2026-08-21 | Coppetti Clarice | Other | 0 | — | — |
| 2026-08-01 | Nozaki William Vella | Other | 0 | — | — |
| 2026-06-12 | Melgarejo Fernando Sabbi | Sell | 1.76K | $9.52 | 16.73K |
| 2026-06-03 | Lopes Renata Faria Rodrigues Baruzzi | Sell | 1.73K | $9.83 | 17.04K |
| 2026-05-15 | Da Silva William Franca | Sell | 6.84K | $10.28 | 70.32K |
| 2026-05-14 | Coppetti Clarice | Sell | 9.91K | $10.48 | 103.86K |
| 2026-05-01 | Da Silva William Franca | Other | 3.46K | — | — |
| 2026-04-30 | Chambriard Magda Maria de Regina | Other | 0 | — | — |
| 2026-04-30 | Da Silva William Franca | Other | 0 | — | — |
| 2026-04-30 | Laureano Angelica Garcia Cobas | Other | 0 | — | — |
| 2026-04-30 | Araujo Ricardo Wagner de | Other | 0 | — | — |
| 2026-04-30 | Lopes Renata Faria Rodrigues Baruzzi | Other | 0 | — | — |
| 2026-04-30 | Dos Anjos Sylvia Maria Couto | Other | 0 | — | — |
| 2026-04-30 | Coppetti Clarice | Other | 0 | — | — |
| 2026-04-30 | Melgarejo Fernando Sabbi | Other | 0 | — | — |
| 2026-04-27 | Terra Fabio Henrique Bittes | Other | 0 | — | — |
| 2026-04-24 | de Oliveira Maia Rachel | Other | 0 | — | — |
| 2026-04-24 | Chambriard Magda Maria de Regina | Other | 0 | — | — |
| 2026-04-24 | Da Silva William Franca | Other | 0 | — | — |
| 2026-04-24 | Melgarejo Fernando Sabbi | Other | 0 | — | — |
| 2026-04-24 | Lopes Renata Faria Rodrigues Baruzzi | Other | 0 | — | — |
| 2026-04-24 | Dos Anjos Sylvia Maria Couto | Other | 0 | — | — |
| 2026-04-24 | Coppetti Clarice | Other | 0 | — | — |
| 2026-04-17 | Mello Guilherme Santos | Other | 0 | — | — |
| 2026-04-16 | Gasparino da Silva Marcelo | Other | 0 | — | — |
| 2026-04-02 | Laureano Angelica Garcia Cobas | Buy | 1.00K | $9.49 | 9.49K |
| 2026-04-02 | Schlosser Claudio Romeo | Sell | 3.21K | $50.44 | 161.97K |
| 2026-04-01 | Laureano Angelica Garcia Cobas | Sell | 19 | $9.09 | 173 |
| 2026-03-20 | Souza Aloisio Macario Ferreira de | Other | 0 | — | — |
| 2026-03-18 | Coura Jose Fernando | Other | 0 | — | — |
| 2026-03-18 | Moretti Bruno | Other | 0 | — | — |
| 2026-03-17 | Schlosser Claudio Romeo | Other | 0 | — | — |
| 2026-03-17 | Pogliese Marcelo Weick | Other | 0 | — | — |
| 2026-03-17 | Pogliese Marcelo Weick | Other | 0 | — | — |
| 2026-03-17 | Papathanasiadis Francisco Petros Oliveira Lima | Other | 0 | — | — |
| 2026-03-17 | Araujo Ricardo Wagner de | Other | 0 | — | — |
| 2026-03-13 | Torres Rosangela Buzanelli | Other | 0 | — | — |
| 2026-03-13 | Filho Jose Joao Abdalla | Other | 0 | — | — |
| 2026-03-13 | Filho Jose Joao Abdalla | Other | 0 | — | — |
| 2026-03-13 | Filho Jose Joao Abdalla | Other | 0 | — | — |
| 2026-03-13 | Antunes Jeronimo | Other | 0 | — | — |
| 2026-03-12 | Laureano Angelica Garcia Cobas | Other | 0 | — | — |
| 2026-03-12 | Laureano Angelica Garcia Cobas | Other | 0 | — | — |
| 2026-03-11 | Dos Anjos Sylvia Maria Couto | Other | 0 | — | — |
| 2026-03-10 | Galuppo Renato Campos | Other | 0 | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 617, holders +14 vs prior quarter. Ownership 12.11%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| GQG PARTNERS LLC | 193.20M | 19.76M | +11.39% | 3.12B |
| BAILLIE GIFFORD & CO | 48.62M | 4.18M | +9.41% | 785.67M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 40.19M | 11.64M | +40.76% | 649.48M |
| CAPITAL INTERNATIONAL INVESTORS | 38.07M | -6.17M | -13.96% | 615.18M |
| CAPITAL WORLD INVESTORS | 29.42M | 15.32M | +108.62% | 475.42M |
| INVESCO LTD. | 27.48M | -1.56M | -5.38% | 444.11M |
| LAZARD ASSET MANAGEMENT LLC | 25.61M | 363.26K | +1.44% | 413.93M |
| ARGA INVESTMENT MANAGEMENT, LP | 17.31M | -368.82K | -2.09% | 279.75M |
| PRICE T ROWE ASSOCIATES INC /MD/ | 16.37M | 699.20K | +4.46% | 264.54M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 15.39M | 14.17M | +1156.49% | 248.73M |
| BLACKROCK, INC. | 14.70M | -1.26M | -7.91% | 237.54M |
| ACADIAN ASSET MANAGEMENT LLC | 13.78M | 6.31M | +84.49% | 222.68M |
| ITAU UNIBANCO HOLDING S.A. | 13.31M | -7.47M | -35.95% | 215.01M |
| MORGAN STANLEY | 12.66M | -7.86M | -38.30% | 204.60M |
| SCHRODER INVESTMENT MANAGEMENT GROUP | 10.80M | -7.52M | -41.04% | 174.50M |
| JPMORGAN CHASE & CO | 9.77M | -903.81K | -8.47% | 159.03M |
| MONDRIAN INVESTMENT PARTNERS LTD | 8.98M | -2.13M | -19.16% | 145.07M |
| JANE STREET GROUP, LLC | 8.84M | 7.31M | +479.15% | 142.84M |
| RENAISSANCE TECHNOLOGIES LLC | 8.78M | 1.12M | +14.58% | 141.90M |
| BANK OF AMERICA CORP /DE/ | 8.60M | -372.16K | -4.15% | 138.98M |
| FISHER ASSET MANAGEMENT, LLC | 8.39M | -3.44M | -29.05% | 135.65M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 8.08M | 6.85M | +559.58% | 130.57M |
| ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. | 7.78M | -51.96K | -0.66% | 125.72M |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 7.74M | 7.74M | New | 125.13M |
| UBS GROUP AG | 7.73M | 4.91M | +173.72% | 124.97M |
Earnings and financials
Petróleo Brasileiro S.A. - Petrobras (PBR) trades at $22.03, with a market cap of $141.97B and a trailing P/E of 5.82. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 81405000000 | 77884000000 | 84638000000 | 76589000000 | 53683000000 | 83966000000 | 124474000000 | 105541835883 | 91416000000 | 88104423000 |
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