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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income for the year $ 24,995 $ 36,755 $ 19,986
Adjustments for:      
Pension and medical benefits 1,542 1,228 2,098
Results of equity-accounted investments 304 (251) (1,607)
Depreciation, depletion and amortization 13,280 13,218 11,695
Impairment of assets (reversals), net 2,680 1,315 (3,190)
Inventory write down (write-back) to net realizable value (7) 11 (1)
Allowance (reversals) for credit loss on trade and other receivables, net 40 65 (30)
Exploratory expenditure write-offs 421 691 248
Gain on disposal/write-offs of assets (1,295) (1,144) (1,900)
Foreign exchange, indexation and finance charges   2,498 4,557 10,795
Income taxes 10,401 16,770 8,239
Revision and unwinding of discount on the provision for decommissioning costs 2,052 745 661
PIS and COFINS recovery - exclusion of ICMS (VAT tax) from the basis of calculation (1) (986)
Results from co-participation agreements in bid areas (284) (4,286) (631)
Assumption of interest in concessions (164)
Early termination and cash outflows revision of lease agreements (415) (629) (545)
Losses with legal, administrative and arbitration proceedings, net 797 1,362 740
Decrease (Increase) in assets      
Trade and other receivables 88 355 (2,075)
Inventories 1,564 (1,217) (2,334)
Judicial deposits (1,723) (1,709) (1,141)
Other assets 324 (413) (289)
Increase (Decrease) in liabilities      
Trade payables (954) (359) 1,073
Other taxes payable (431) (2,441) 2,835
Pension and medical benefits (927) (2,130) (2,239)
Provisions for legal proceedings (591) (380) (643)
Other employee benefits 356 (182) (312)
Provision for decommissioning costs (902) (602) (730)
Other liabilities (569) (95) 376
Income taxes paid (10,032) (11,516) (2,138)
Net cash provided by operating activities 43,212 49,717 37,791
Cash flows from investing activities      
Acquisition of PP&E and intangible assets (12,114) (9,581) (6,325)
Acquisition of equity interests (24) (27) (24)
Proceeds from disposal of assets - Divestment 3,606 4,846 4,783
Financial compensation from co-participation agreements 391 7,284 2,938
Divestment (Investment) in marketable securities 98 (3,328) 4
Dividends received 88 374 781
Net cash (used in) provided by investing activities (7,955) (432) 2,157
Cash flows from financing activities      
Changes in non-controlling interest 1 63 (24)
Proceeds from finance debt   2,210 2,880 1,885
Repayment of principal - finance debt (4,193) (9,334) (21,413)
Repayment of interest - finance debt (1,978) (1,850) (2,229)
Repayment of lease liability (6,286) (5,430) (5,827)
Dividends paid to Shareholders of Petrobras (19,670) (37,701) (13,078)
Share repurchase program (735)
Dividends paid to non-controlling interests (49) (81) (105)
Net cash used in financing activities (30,700) (51,453) (40,791)
Effect of exchange rate changes on cash and cash equivalents 174 (316) (402)
Net change in cash and cash equivalents 4,731 (2,484) (1,245)
Cash and cash equivalents at the beginning of the year 7,996 10,480 11,725
Cash and cash equivalents at the end of the year $ 12,727 $ 7,996 $ 10,480