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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income for the period $ 19,689 $ 8,356
Adjustments for:    
Pension and medical benefits (actuarial expense) 633 638
Results of equity-accounted investments (341) (1,209)
Depreciation, depletion and amortization 6,630 5,678
Impairment of assets (reversal) 167 180
Inventory write-down (write-back) to net realizable value 3 (3)
Allowance (reversals) for credit loss on trade and other receivables 39 (4)
Exploratory expenditure write-offs 94 187
Disposal/write-offs of assets, remeasurement of investment retained with loss of control and reclassification of CTA (846) (71)
Foreign exchange, indexation and finance charges   2,882 3,652
Deferred income taxes, net 1,989 3,883
Revision and unwinding of discount on the provision for decommissioning costs 295 389
PIS and COFINS recovery - exclusion of ICMS (VAT tax) from the basis of calculation (4) (973)
Results from co-participation agreements in bid areas (2,872)
Early termination and cash outflows revision of lease agreements (401) (227)
Decrease (Increase) in assets    
Trade and other receivables 57 (735)
Inventories (2,034) (1,579)
Judicial deposits (816) (438)
Other assets (652) (182)
Increase (Decrease) in liabilities    
Trade payables (141) 340
Other taxes payable 6,905 2,463
Pension and medical benefits (1,689) (1,663)
Provisions for legal proceedings 336 (35)
Short-term benefits (366) (228)
Provision for decommissioning costs (278) (325)
Other liabilities 627 92
Income taxes paid (5,102) (119)
Net cash provided by operating activities 24 18,067
Cash flows from investing activities    
Acquisition of PP&E and intangible assets (4,073) (3,135)
Investments in investees (19) (11)
Proceeds from disposal of assets - Divestment 3,378 502
Financial compensation from co-participation agreements 5,213
Divestment (Investment) in marketable securities (2,108) 91
Dividends received 242 200
Net cash provided by (used in) investing activities 2,633 (2,353)
Cash flows from financing activities    
Changes in non-controlling interest (17) (14)
Proceeds from financing 330 1,668
Repayment of principal - finance debt (5,477) (13,558)
Repayment of interest - finance debt (916) (1,227)
Repayment of lease liability (2,682) (2,899)
Dividends paid to Shareholders of Petrobras (12,429) (1,848)
Dividends paid to non-controlling interests (58) (39)
Net cash used in financing activities (21,249) (17,917)
Effect of exchange rate changes on cash and cash equivalents (374) 300
Net change in cash and cash equivalents 5,814 (1,903)
Cash and cash equivalents at the beginning of the period 10,480 11,725
Cash and cash equivalents at the end of the period $ 16,294 $ 9,822