Petróleo Brasileiro S.A. - Petrobras (PBR) Balance Sheet: Assets & Liabilities

Petróleo Brasileiro S.A. - Petrobras (PBR) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Petróleo Brasileiro S.A. - Petrobras reported total assets of $222.34B and total liabilities of $146.45B. Shareholders' equity was $75.56B, up 27.8% from $59.11B a year earlier. Total debt stood at $26.44B against $9.20B in cash and short-term investments, a net debt position of $17.24B. That puts debt-to-equity at 0.35, compared with 0.39 a year earlier.

Petróleo Brasileiro S.A. - Petrobras Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Petróleo Brasileiro S.A. - Petrobras (PBR) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	6.47	3.27	12.73	41.72	58.41	11.71	7.37	13.90	22.52
Short-Term Investments	2.73	4.26	2.82	14.47	0.65	0.66	0.89	1.08	1.89
Cash & Short-Term Investments	9.20	7.53	15.55	56.19	62.04	12.37	8.26	14.98	24.40
Accounts Receivable	4.63	3.57	6.14	32.96	43.05	7.33	7.31	7.78	7.41
Inventory	8.21	6.71	7.68	45.80	40.49	5.68	8.19	8.99	8.49
Other Current Assets	0.90	1.19	1.57	1.78	1.57	2.02	4.06	5.31	6.83
Total Current Assets	25.45	21.84	32.45	163.05	168.25	27.39	27.81	37.06	47.13
Non-Current Assets
Property, Plant & Equipment (Net)	168.04	136.29	153.42	679.18	699.41	124.20	159.27	157.38	176.65
Long-Term Investments	0.55	0.66	1.35	16.33	8.67	3.32	5.56	2.81	3.86
Goodwill	0.02	0.02	0.03	0.12	0.12	0.02	0.06	0.20	0.22
Intangible Assets	2.50	2.24	3.02	15.46	16.76	14.92	19.41	2.60	2.12
Other Non-Current Assets	15.13	11.99	17.06	85.49	65.77	13.71	16.25	19.33	17.95
Total Non-Current Assets	196.89	159.81	184.62	155.94	144.20	162.62	201.93	185.01	204.24
Total Assets	222.34	181.65	217.07	976.71	972.95	190.01	229.74	222.07	251.37
Current Liabilities
Accounts Payable	7.44	6.08	4.81	28.51	30.60	6.86	5.60	6.33	5.77
Short-Term Debt	2.19	2.57	4.32	18.66	20.32	9.88	10.21	3.69	7.03
Current Portion of Long-Term Debt	2.19	2.57	4.32	18.66	20.32	21.75	-	-	-
Accrued Liabilities	3.81	2.32	2.93	26.59	33.68	31.28	-	-	-
Other Current Liabilities	2.43	2.92	3.56	45.85	15.79	6.65	9.31	11.27	7.31
Total Current Liabilities	36.05	31.46	33.86	163.73	134.91	26.23	28.82	25.05	24.95
Non-Current Liabilities
Long-Term Debt	24.26	20.60	24.48	137.63	178.91	65.65	76.92	80.67	102.25
Deferred Tax Liabilities	6.35	1.47	10.91	35.22	6.86	0.20	1.76	0.65	1.20
Other Non-Current Liabilities	1.72	1.62	1.89	125.40	112.92	38.06	48.03	42.52	41.47
Total Non-Current Liabilities	110.40	90.84	104.23	85.98	80.36	103.91	126.71	123.84	144.92
Total Liabilities	146.45	122.30	138.09	612.32	583.37	130.13	155.53	148.89	169.86
Stockholders' Equity
Common Stock	107.10	107.10	107.10	205.43	205.43	107.10	107.10	107.10	107.10
Retained Earnings	0.00	0.00	72.64	128.56	164.24	0.00	0.00	0.00	0.00
Accumulated Other Comprehensive Income	-31.54	-48.00	-28.52	28.60	17.65	-47.75	-33.78	-35.56	-27.30
Minority Interest	0.33	0.24	0.39	0.34	0.41	0.53	0.89	1.63	1.70
Shares Outstanding	12.89	12.89	12.94	13.04	13.04	-	-	-	-
Total Stockholders' Equity	75.57	59.11	78.58	364.39	389.58	59.35	73.32	71.54	79.80
Total Liabilities & Equity	222.34	181.65	217.07	187.19	174.35	190.01	229.74	222.07	251.37

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Petróleo Brasileiro S.A. - Petrobras Balance Sheet

How much debt does Petróleo Brasileiro S.A. - Petrobras have?

Petróleo Brasileiro S.A. - Petrobras had total debt of $26.44B as of Dec 31, 2025, against $9.20B in cash and short-term investments. Its debt-to-equity ratio was 0.35. Total debt was $23.16B a year earlier.

What are Petróleo Brasileiro S.A. - Petrobras's total assets?

Petróleo Brasileiro S.A. - Petrobras reported total assets of $222.34B as of Dec 31, 2025, up 22.4% from $181.65B a year earlier. Total liabilities were $146.45B.

What is Petróleo Brasileiro S.A. - Petrobras's shareholders' equity?

Petróleo Brasileiro S.A. - Petrobras's shareholders' equity was $75.56B as of Dec 31, 2025, or about $5.86 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition