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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income for the period $ 4,480 $ 13,229
Adjustments for:    
Pension and medical benefits 2,135 759
Results of equity-accounted investments 281 (13)
Depreciation, depletion and amortization 6,500 6,173
Impairment of assets (reversals), net (46) 404
Inventory write down (write-back) to net realizable value (44) 6
Allowance for credit loss on trade and other receivables, net 48 34
Exploratory expenditure write-offs 105 38
Gain on disposal/write-offs of assets (286) (1,187)
Foreign exchange, indexation and finance charges   8,975 847
Income taxes 2,120 6,172
Revision and unwinding of discount on the provision for decommissioning costs 539 443
Results from co-participation agreements in bid areas (103) (28)
Early termination and cash outflows revision of lease agreements (146) (258)
Losses with legal, administrative and arbitration proceedings, net 521 531
Decrease (Increase) in assets    
Trade and other receivables 1,459 1,175
Inventories (355) 1,080
Judicial deposits 574 (782)
Other assets (71) 275
Increase (Decrease) in liabilities    
Trade payables 242 (291)
Other taxes payable (1,862) (964)
Pension and medical benefits (482) (451)
Provisions for legal proceedings (200) (219)
Other employee benefits (370) (216)
Provision for decommissioning costs (463) (338)
Other liabilities (357) (128)
Income taxes paid (4,721) (6,302)
Net cash provided by operating activities 18,473 19,989
Cash flows from investing activities    
Acquisition of PP&E and intangible assets (5,772) (5,335)
Acquisition of equity interests (6) (17)
Proceeds from disposal of assets - Divestment 766 3,461
Financial compensation from co-participation agreements 397 391
Investment in marketable securities (805) (468)
Dividends received 64 69
Net cash used in investing activities (5,356) (1,899)
Cash flows from financing activities    
Changes in non-controlling interest 125 (50)
Proceeds from finance debt   567 62
Repayment of principal - finance debt (2,318) (1,482)
Repayment of interest - finance debt (995) (1,004)
Repayment of lease liability (3,883) (2,862)
Dividends paid to Shareholders of Petrobras (10,578) (10,397)
Share repurchase program (380)
Dividends paid to non-controlling interests (77) (48)
Net cash used in financing activities (17,539) (15,781)
Effect of exchange rate changes on cash and cash equivalents (421) 46
Net change in cash and cash equivalents (4,843) 2,355
Cash and cash equivalents at the beginning of the period 12,727 7,996
Cash and cash equivalents at the end of the period $ 7,884 $ 10,351