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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income for the period $ 10,752 $ 4,480
Adjustments for:    
Pension and medical benefits 847 2,135
Results of equity-accounted investments (129) 281
Depreciation, depletion and amortization 6,944 6,500
Impairment of assets (reversals), net 240 (46)
Inventory write down (write-back) to net realizable value 7 (44)
Allowance for credit loss on trade and other receivables, net 37 48
Exploratory expenditure write-offs 209 105
Gain on disposal/write-offs of assets (71) (286)
Foreign exchange, indexation and finance charges   (3,207) 8,975
Income taxes 4,765 2,120
Revision and unwinding of discount on the provision for decommissioning costs 649 539
Results from co-participation agreements in bid areas (50) (103)
Early termination and cash outflows revision of lease agreements (301) (146)
Losses with legal, administrative and arbitration proceedings, net 326 521
Equalization of expenses - Production Individualization Agreements 676 24
Decrease (Increase) in assets    
Trade and other receivables 122 1,459
Inventories (853) (355)
Judicial deposits (436) 574
Other assets 185 (71)
Increase (Decrease) in liabilities    
Trade payables (82) 218
Other taxes payable (401) (1,862)
Pension and medical benefits (522) (482)
Provisions for legal proceedings (557) (200)
Other employee benefits 116 (370)
Provision for decommissioning costs (425) (463)
Other liabilities (31) (357)
Income taxes paid (2,781) (4,721)
Net cash provided by operating activities 16,029 18,473
Cash flows from investing activities    
Acquisition of PP&E and intangible assets (8,046) (5,772)
Acquisition of equity interests (2) (6)
Proceeds from disposal of assets - Divestment 479 766
Financial compensation from co-participation agreements 355 397
Divestment (Investment) in marketable securities 2,861 (805)
Dividends received 25 64
Net cash used in investing activities (4,328) (5,356)
Cash flows from financing activities    
Changes in non-controlling interest 157 125
Proceeds from finance debt   3,072 567
Repayment of principal - finance debt (1,547) (2,318)
Repayment of interest - finance debt (856) (995)
Repayment of lease liability (4,368) (3,883)
Dividends paid to Shareholders of Petrobras (4,588) (10,578)
Share repurchase program (380)
Dividends paid to non-controlling interests (31) (77)
Net cash used in financing activities (8,161) (17,539)
Effect of exchange rate changes on cash and cash equivalents 185 (421)
Net change in cash and cash equivalents 3,725 (4,843)
Cash and cash equivalents at the beginning of the period 3,271 12,727
Cash and cash equivalents at the end of the period $ 6,996 $ 7,884