Petroleo Brasileiro S.A. Petrobras Financial Statements
NYSE: PBREnergyOil & Gas ProductionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Petroleo Brasileiro S.A. Petrobras revenue and earnings
In fiscal 2024, Petroleo Brasileiro S.A. Petrobras generated $91.42 billion in revenue, down 10.7% from fiscal 2023, its first annual decline since 2023. Net income was $7.53 billion (-69.7% year over year), for a net margin of 8.2% versus a median of 23.7% in the prior 5 years. Gross margin was 50.3% (down from 52.7%) and operating margin 29.4%.
Diluted earnings per share came in at $0.58, down from $1.91. Over the last 5 fiscal years, PBR's revenue has grown at a 3.6% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Petroleo Brasileiro S.A. Petrobras income statement (annual)
| Fiscal year (USD) | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 | FY 20152015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 91.42B | 102.41B | 124.47B | 83.97B | 53.68B | 76.59B | 84.64B | 77.88B | 81.41B | 97.31B |
| Revenue growth (YoY) | -10.73% | -17.73% | +48.24% | +56.41% | -29.91% | -9.51% | +8.67% | -4.33% | -16.35% | -35.49% |
| Cost of Revenue | 45.44B | 48.44B | 59.49B | 43.16B | 29.20B | 45.73B | 52.18B | 51.20B | 55.42B | 67.48B |
| Gross Profit | 45.97B | 53.97B | 64.99B | 40.80B | 24.49B | 30.86B | 32.45B | 26.69B | 25.99B | 29.83B |
| Operating Expenses | 19.10B | 15.94B | 7.87B | 3.22B | 14.43B | 10.24B | 15.67B | 16.13B | 21.68B | 30.96B |
| Research & Development | 789.00M | 726.00M | 792.00M | 563.00M | 355.00M | -576.00M | 641.00M | 572.00M | 523.00M | 630.00M |
| Operating Income | 26.88B | 38.03B | 57.11B | 37.58B | 10.06B | 20.61B | 16.79B | 10.55B | 4.31B | -1.13B |
| Interest Expense | 5.96B | 3.92B | 3.50B | 5.15B | 6.00B | -7.09B | 5.67B | 7.01B | 6.96B | 6.44B |
| Pretax Income | 11.14B | 35.40B | 53.52B | 28.23B | -226.00M | 12.00B | 10.83B | 1.51B | -3.67B | -9.75B |
| Income Tax | 3.54B | 10.40B | 16.77B | 8.24B | -1.17B | 4.20B | 4.26B | 1.70B | -684.00M | -1.14B |
| Net Income | 7.53B | 24.88B | 36.62B | 19.88B | 1.14B | 10.15B | 7.17B | -91.00M | -4.84B | -8.45B |
| Net Income growth (YoY) | -69.75% | -32.05% | +84.27% | +1641.89% | -88.76% | +41.52% | — | — | — | -143.39% |
| EPS (Basic) | 0.58 | 1.91 | 2.81 | 1.52 | 0.09 | 0.78 | 0.55 | — | — | — |
| EPS (Diluted) | 0.58 | 1.91 | 2.81 | 1.52 | — | — | — | — | — | — |
| EBITDA | 39.35B | 51.31B | 70.33B | 49.28B | 21.51B | 35.45B | 28.70B | 23.72B | -9.66B | 10.46B |
| Gross Margin | 50.29% | 52.70% | 52.21% | 48.59% | 45.62% | 40.29% | 38.34% | 34.26% | 31.92% | 30.65% |
| Operating Margin | 29.40% | 37.14% | 45.88% | 44.76% | 18.75% | 26.92% | 19.84% | 13.55% | 5.29% | -116.00% |
| Net Margin | 8.23% | 24.30% | 29.42% | 23.67% | 2.13% | 13.25% | 8.47% | -12.00% | -5.94% | -8.68% |
This table shows 10 annual periods of Petroleo Brasileiro S.A. Petrobras's income statement, from FY 2024 back to FY 2015, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow PBR's reporting calendar. What is a income statement?