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Information by operating segment (Tables)
6 Months Ended
Jun. 30, 2025
Notes and other explanatory information [abstract]  
Schedule of other income and expenses net by segment
           
Jan-Jun/2025
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Eliminations Total
Sales revenues 29,471 39,784 4,036 157 (31,338) 42,110
Intersegments 29,355 546 1,434 3 (31,338)
Third parties 116 39,238 2,602 154 - 42,110
Cost of sales (13,398) (37,364) (2,269) (138) 31,459 (21,710)
Gross profit (loss) 16,073 2,420 1,767 19 121 20,400
Income (expenses) (2,584) (1,605) (1,693) (1,893) (7,775)
Selling expenses - (955) (1,406) (15) - (2,376)
General and administrative expenses (30) (183) (58) (637) - (908)
Exploration costs (498) - - - - (498)
Research and development expenses (309) (4) (4) (78) - (395)
Other taxes (11) (27) (8) (204) - (250)
Impairment (losses) reversals, net (193) (46) (1) - - (240)
Other income and expenses, net (1,543) (390) (216) (959) - (3,108)
Income (loss) before net finance expense, results of equity-accounted investments and income taxes 13,489 815 74 (1,874) 121 12,625
Net finance income - - - 2,763 - 2,763
Results of equity-accounted investments 56 48 29 (4) - 129
Net income before income taxes 13,545 863 103 885 121 15,517
Income taxes (4,585) (279) (25) 165 (41) (4,765)
Net income for the period 8,960 584 78 1,050 80 10,752
Attributable to:            
Shareholders of Petrobras 8,961 584 60 1,023 80 10,708
Non-controlling interests (1) - 18 27 - 44

 

 

             
Jan-Jun/2024
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Eliminations Total
Sales revenues 31,745 44,251 4,620 158 (33,539) 47,235
Intersegments 31,565 551 1,419 4 (33,539)
Third parties 180 43,700 3,201 154 - 47,235
Cost of sales (12,842) (40,540) (2,273) (148) 32,552 (23,251)
Gross profit (loss) 18,903 3,711 2,347 10 (987) 23,984
Income (expenses) (2,181) (1,537) (1,756) (2,821) (8,295)
Selling expenses (1) (1,089) (1,497) (14) - (2,601)
General and administrative expenses (42) (176) (63) (715) - (996)
Exploration costs (309) - - - - (309)
Research and development expenses (288) (2) - (86) - (376)
Other taxes (829) (28) (9) (222) - (1,088)
Impairment (losses) reversals, net (4) 37 - 13 - 46
Other income and expenses, net (708) (279) (187) (1,797) - (2,971)
Income (loss) before net finance expense, results of equity-accounted investments and income taxes 16,722 2,174 591 (2,811) (987) 15,689
Net finance expense - - - (8,808) - (8,808)
Results of equity-accounted investments 47 (381) 57 (4) - (281)
Net income / (loss) before income taxes 16,769 1,793 648 (11,623) (987) 6,600
Income taxes (5,687) (739) (200) 4,169 337 (2,120)
Net income (loss) for the period 11,082 1,054 448 (7,454) (650) 4,480
Attributable to:            
Shareholders of Petrobras 11,083 1,054 421 (7,470) (650) 4,438
Non-controlling interests (1) - 27 16 - 42

 

 

             
Apr-Jun/2025
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Eliminations Total
Sales revenues 14,404 19,795 2,176 80 (15,418) 21,037
    Intersegments 14,343 256 817 2 (15,418)
    Third parties 61 19,539 1,359 78 - 21,037
Cost of sales (6,601) (18,586) (1,144) (70) 15,376 (11,025)
Gross profit (loss) 7,803 1,209 1,032 10 (42) 10,012
Income (expenses) (1,846) (869) (914) (1,034) (4,663)
  Selling expenses - (518) (751) (17) - (1,286)
  General and administrative expenses (26) (96) (32) (310) - (464)
  Exploration costs (185) - - - - (185)
  Research and development expenses (147) (3) (2) (41) - (193)
  Other taxes (7) (14) (6) (100) - (127)
  Impairment (losses) reversals, net (139) (50) (1) - - (190)
  Other income and expenses, net (1,342) (188) (122) (566) - (2,218)
Income (loss) before net finance expense, results of equity-accounted investments and income taxes 5,957 340 118 (1,024) (42) 5,349
  Net finance expense - - - 1,015 - 1,015
  Results of equity-accounted investments 42 (7) 17 (5) - 47
Net income / (loss) before income taxes 5,999 333 135 (14) (42) 6,411
  Income taxes (2,025) (116) (39) 512 14 (1,654)
Net income (loss) for the period 3,974 217 96 498 (28) 4,757
Attributable to:            
Shareholders of Petrobras 3,974 217 88 483 (28) 4,734
Non-controlling interests 8 15 23

 

 

             
Apr-Jun/2024
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Eliminations Total
Sales revenues 15,668 22,061 2,198 80 (16,540) 23,467
Intersegments 15,591 248 699 2 (16,540)
Third parties 77 21,813 1,499 78 - 23,467
Cost of sales (6,228) (20,557) (1,096) (74) 16,215 (11,740)
Gross profit (loss) 9,440 1,504 1,102 6 (325) 11,727
Income (expenses) (1,551) (701) (867) (1,903) (5,022)
Selling expenses - (538) (729) (1) - (1,268)
General and administrative expenses (22) (92) (35) (400) - (549)
Exploration costs (174) - - - - (174)
Research and development expenses (149) - - (44) - (193)
Other taxes (809) (21) (4) (114) - (948)
Impairment (losses) reversals, net - 37 - - - 37
Other income and expenses, net (397) (87) (99) (1,344) - (1,927)
Income (loss) before net finance expense, results of equity-accounted investments and income taxes 7,889 803 235 (1,897) (325) 6,705
Net finance expense - - - (6,869) - (6,869)
Results of equity-accounted investments 30 (251) 36 (3) - (188)
Net income / (loss) before income taxes 7,919 552 271 (8,769) (325) (352)
Income taxes (2,682) (273) (80) 2,951 111 27
Net income (loss) for the period 5,237 279 191 (5,818) (214) (325)
Attributable to:            
Shareholders of Petrobras 5,237 279 179 (5,825) (214) (344)
Non-controlling interests - - 12 7 - 19

 

 

         
Other income and expenses, net by segment
Jan-Jun/2025
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Total
Stoppages for asset maintenance and pre-operating expenses (1,113) (127) (47) (8) (1,295)
Equalization of expenses - Production Individualization Agreements (676) - - - (676)
Pension and medical benefits - retirees - - - (639) (639)
Variable compensation programs (271) (138) (31) (155) (595)
Losses with legal, administrative and arbitration proceedings (106) (67) (30) (123) (326)
Collective bargaining agreement (99) (42) (10) (63) (214)
Results from co-participation agreements in bid areas 50 - - - 50
Results on disposal/write-offs of assets 14 - 16 41 71
Results of non-core activities 222 (5) 1 6 224
Early termination and changes to cash flow estimates of leases 300 (4) 1 4 301
Others 136 (7) (116) (22) (9)
Total (1,543) (390) (216) (959) (3,108)

 

 

           
Other income and expenses, net by segment
Jan-Jun/2024
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Total
Pension and medical benefits - retirees - - - (1,602) (1,602)
Stoppages for asset maintenance and pre-operating expenses (1,256) (53) (33) (10) (1,352)
Losses with legal, administrative and arbitration proceedings (188) (173) (36) (124) (521)
Variable compensation programs (203) (128) (26) (133) (490)
Equalization of expenses - Production Individualization Agreements (24) - - - (24)
Collective bargaining agreement (1) (6) - (1) (8)
Results from co-participation agreements in bid areas 103 - - - 103
Results of non-core activities 120 (16) 10 8 122
Early termination and changes to cash flow estimates of leases 142 5 1 (2) 146
Results on disposal/write-offs of assets 237 68 23 (42) 286
Others 362 24 (126) 109 369
Total (708) (279) (187) (1,797) (2,971)

 

 

           
Other income and expenses, net by segment
Apr-Jun/2025
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Total
Equalization of expenses - Production Individualization Agreements (672) - - - (672)
Stoppages for asset maintenance and pre-operating expenses (600) (29) (27) (4) (660)
Pension and medical benefits - retirees - - - (324) (324)
Variable compensation programs (137) (74) (16) (78) (305)
Collective bargaining agreement (99) (42) (10) (63) (214)
Gains (losses) with legal, administrative and arbitration proceedings 6 (38) (28) (65) (125)
Results from co-participation agreements in bid areas (20) - - - (20)
Results on disposal/write-offs of assets (18) 1 14 17 14
Results of non-core activities 120 3 - 3 126
Early termination and changes to cash flow estimates of leases 149 (3) - (2) 144
Others (71) (6) (55) (50) (182)
Total (1,342) (188) (122) (566) (2,218)
           

 

 

           
Other income and expenses, net by segment
Apr-Jun/2024
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Total
Pension and medical benefits - retirees - - - (1,293) (1,293)
Stoppages for asset maintenance and pre-operating expenses (649) (27) (18) (6) (700)
Losses with legal, administrative and arbitration proceedings (104) (77) (32) (27) (240)
Variable compensation programs (99) (60) (13) (63) (235)
Equalization of expenses - Production Individualization Agreements (14) - - - (14)
Collective bargaining agreement - (6) - - (6)
Results from co-participation agreements in bid areas 55 - - - 55
Early termination and changes to cash flow estimates of leases 75 3 2 (3) 77
Results of non-core activities 64 12 4 3 83
Results on disposal/write-offs of assets 100 43 4 (23) 124
Others 175 25 (46) 68 222
Total (397) (87) (99) (1,344) (1,927)
Schedule of other income and expenses net by segment
         
Other income and expenses, net by segment
Jan-Jun/2025
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Total
Stoppages for asset maintenance and pre-operating expenses (1,113) (127) (47) (8) (1,295)
Equalization of expenses - Production Individualization Agreements (676) - - - (676)
Pension and medical benefits - retirees - - - (639) (639)
Variable compensation programs (271) (138) (31) (155) (595)
Losses with legal, administrative and arbitration proceedings (106) (67) (30) (123) (326)
Collective bargaining agreement (99) (42) (10) (63) (214)
Results from co-participation agreements in bid areas 50 - - - 50
Results on disposal/write-offs of assets 14 - 16 41 71
Results of non-core activities 222 (5) 1 6 224
Early termination and changes to cash flow estimates of leases 300 (4) 1 4 301
Others 136 (7) (116) (22) (9)
Total (1,543) (390) (216) (959) (3,108)

 

 

           
Other income and expenses, net by segment
Jan-Jun/2024
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Total
Pension and medical benefits - retirees - - - (1,602) (1,602)
Stoppages for asset maintenance and pre-operating expenses (1,256) (53) (33) (10) (1,352)
Losses with legal, administrative and arbitration proceedings (188) (173) (36) (124) (521)
Variable compensation programs (203) (128) (26) (133) (490)
Equalization of expenses - Production Individualization Agreements (24) - - - (24)
Collective bargaining agreement (1) (6) - (1) (8)
Results from co-participation agreements in bid areas 103 - - - 103
Results of non-core activities 120 (16) 10 8 122
Early termination and changes to cash flow estimates of leases 142 5 1 (2) 146
Results on disposal/write-offs of assets 237 68 23 (42) 286
Others 362 24 (126) 109 369
Total (708) (279) (187) (1,797) (2,971)

 

 

           
Other income and expenses, net by segment
Apr-Jun/2025
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Total
Equalization of expenses - Production Individualization Agreements (672) - - - (672)
Stoppages for asset maintenance and pre-operating expenses (600) (29) (27) (4) (660)
Pension and medical benefits - retirees - - - (324) (324)
Variable compensation programs (137) (74) (16) (78) (305)
Collective bargaining agreement (99) (42) (10) (63) (214)
Gains (losses) with legal, administrative and arbitration proceedings 6 (38) (28) (65) (125)
Results from co-participation agreements in bid areas (20) - - - (20)
Results on disposal/write-offs of assets (18) 1 14 17 14
Results of non-core activities 120 3 - 3 126
Early termination and changes to cash flow estimates of leases 149 (3) - (2) 144
Others (71) (6) (55) (50) (182)
Total (1,342) (188) (122) (566) (2,218)
           

 

 

           
Other income and expenses, net by segment
Apr-Jun/2024
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Total
Pension and medical benefits - retirees - - - (1,293) (1,293)
Stoppages for asset maintenance and pre-operating expenses (649) (27) (18) (6) (700)
Losses with legal, administrative and arbitration proceedings (104) (77) (32) (27) (240)
Variable compensation programs (99) (60) (13) (63) (235)
Equalization of expenses - Production Individualization Agreements (14) - - - (14)
Collective bargaining agreement - (6) - - (6)
Results from co-participation agreements in bid areas 55 - - - 55
Early termination and changes to cash flow estimates of leases 75 3 2 (3) 77
Results of non-core activities 64 12 4 3 83
Results on disposal/write-offs of assets 100 43 4 (23) 124
Others 175 25 (46) 68 222
Total (397) (87) (99) (1,344) (1,927)
Schedule of depreciation, depletion and amortization
         
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Total
 
 
Jan-Jun/2025 5,317 1,288 264 75 6,944
Jan-Jun/2024 4,856 1,285 294 65 6,500
           
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Total
 
 
Apr-Jun/2025 2,836 691 131 39 3,697
Apr-Jun/2024 2,326 637 141 34 3,138
Schedule of assets by operating segment
           
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Elimina-tions Total
             
Consolidated assets by operating segment - 06.30.2025
             
Current assets 3,086 10,172 487 15,505 (4,354) 24,896
Non-current assets 149,107 21,280 5,305 14,708 190,400
Long-term receivables 8,599 2,643 152 12,169 23,563
Investments 337 198 176 67 778
Property, plant and equipment 138,354 18,296 4,897 2,080 163,627
Operating assets 108,932 16,361 4,314 1,491 131,098
Under construction 29,422 1,935 583 589 32,529
Intangible assets 1,817 143 80 392 2,432
Total Assets 152,193 31,452 5,792 30,213 (4,354) 215,296
             

 

             
Consolidated assets by operating segment - 12.31.2024
             
Current assets 2,697 9,017 379 13,923 (4,180) 21,836
Non-current assets 122,854 18,708 4,881 13,366 159,809
Long-term receivables 7,056 2,217 91 11,246 20,610
Investments 299 114 182 64 659
Property, plant and equipment 113,761 16,257 4,541 1,726 136,285
Operating assets 91,895 14,828 3,936 1,242 111,901
Under construction 21,866 1,429 605 484 24,384
Intangible assets 1,738 120 67 330 2,255
Total Assets 125,551 27,725 5,260 27,289 (4,180) 181,645