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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income for the year $ 7,605 $ 24,995 $ 36,755
Adjustments for:      
Pension and medical benefits 2,934 1,542 1,228
Results of equity-accounted investments 627 304 (251)
Depreciation, depletion and amortization 12,479 13,280 13,218
Impairment of assets (reversals), net 1,531 2,680 1,315
Inventory write down (write-back) to net realizable value (42) (7) 11
Allowance for credit loss on trade and other receivables, net 260 40 65
Exploratory expenditure write-offs 482 421 691
Gain on disposal/write-offs of assets (228) (1,295) (1,144)
Foreign exchange, indexation and finance charges   15,407 2,498 4,557
Income taxes 3,537 10,401 16,770
Revision and unwinding of discount on the provision for decommissioning costs 3,584 2,052 745
PIS and COFINS recovery - exclusion of ICMS (VAT tax) from the basis of calculation (1)
Results from co-participation agreements in bid areas (259) (284) (4,286)
Early termination and cash outflows revision of lease agreements (349) (415) (629)
Losses with legal, administrative and arbitration proceedings, net 996 797 1,362
Decrease (Increase) in assets      
Trade and other receivables 1,822 88 355
Inventories (295) 1,564 (1,217)
Judicial deposits 229 (1,723) (1,709)
Other assets (165) 324 (413)
Increase (Decrease) in liabilities      
Trade payables 986 (954) (359)
Other taxes payable (2,988) (431) (2,441)
Pension and medical benefits (1,001) (927) (2,130)
Provisions for legal proceedings (467) (591) (380)
Other employee benefits (80) 356 (182)
Provision for decommissioning costs (977) (902) (602)
Other liabilities (737) (569) (95)
Income taxes paid (6,907) (10,032) (11,516)
Net cash provided by operating activities 37,984 43,212 49,717
Cash flows from investing activities      
Acquisition of PP&E and intangible assets (14,644) (12,114) (9,581)
Acquisition of equity interests (22) (24) (27)
Proceeds from disposal of assets - Divestment 863 3,606 4,846
Financial compensation from co-participation agreements 397 391 7,284
Investment in marketable securities (109) 98 (3,328)
Dividends received 146 88 374
Net cash used in investing activities (13,369) (7,955) (432)
Cash flows from financing activities      
Changes in non-controlling interest (84) 1 63
Proceeds from finance debt   2,129 2,210 2,880
Repayment of principal - finance debt (6,536) (4,193) (9,334)
Repayment of interest - finance debt (1,918) (1,978) (1,850)
Repayment of lease liability (7,895) (6,286) (5,430)
Dividends paid to Shareholders of Petrobras (18,327) (19,670) (37,701)
Share repurchase program (380) (735)
Dividends paid to non-controlling interests (77) (49) (81)
Net cash used in financing activities (33,088) (30,700) (51,453)
Effect of exchange rate changes on cash and cash equivalents (983) 174 (316)
Net change in cash and cash equivalents (9,456) 4,731 (2,484)
Cash and cash equivalents at the beginning of the year 12,727 7,996 10,480
Cash and cash equivalents at the end of the year $ 3,271 $ 12,727 $ 7,996