Petrobras - Petroleo Brasileiro SA
A Brazilian state-owned energy giant, Petrobras explores for and produces oil and gas, mostly in the deep waters off Brazil's coast, and refines it into fuels for drivers and industries across the country. The company was born in 1953 under President Getúlio Vargas, after a popular nationalist campaign rallied around the slogan "O petróleo é nosso!" ("The oil is ours!"). Fun fact: that famous slogan was actually coined by a Rio de Janeiro schoolteacher who casually suggested the phrase to his students to paint on walls.
ADR representing 2 preferred shares
20-F · Fiscal year ended Dec 31, 2025 · SEC filing ↗
Petrobras absorbed a $7.3B from its Sete Brasil subsidiary, reshaping its 2024 results. fell 10.7% to $91.4B and dropped 69.6% to $7.6B, driven by an 18% decline in average Brent crude prices and the charge, while remained the third-highest in company history at $38.0B. The company enters 2025 with a sharply reduced cash position of $3.3B after distributing $19.4B in dividends.
A. Reserved Not applicable B. Capitalization and indebtedness Not applicable C. Reasons for the offer and use of proceeds Not applicable D. Risk factors Risks (Risk Factors) 30
A. Reserved Not applicable B. Capitalization and indebtedness Not applicable C. Reasons for the offer and use of proceeds Not applicable D. Risk factors Risks (Risk Factors) 30
Read original filing text →A. History and development of the company Disclaimer (Documents on Display); About Us (About us; Overview) 6, 23, 25 B. Business overview About Us (Overview); Our Business (Exploration & Production; Refining, Transportation & Marketing; Gas & Low Carbon Energies; Mergers and Acq…
A. History and development of the company Disclaimer (Documents on Display); About Us (About us; Overview) 6, 23, 25 B. Business overview About Us (Overview); Our Business (Exploration & Production; Refining, Transportation & Marketing; Gas & Low Carbon Energies; Mergers and Acquisitions); Business Plan 2026-30 (BP 2026-30); Legal and Tax (Regulation) 25, 64, 97, 117, 133, 141, 252 C. Organizational structure About Us (Overview); Exhibit 8.1 – List of Subsidiaries 25 D. Property, plants and equipment Our Business; Business Plan 2026-30 (BP 2026-30); Legal and Tax (Regulation) 63, 141, 252
A. Operating results Operating and Financial Review and Prospects 170 B. Liquidity and capital resources Operating and Financial Review and Prospects (Liquidity and Capital Resources) 179 C. Research and development, patents and licenses, etc. Environment, Social and Governance…
A. Operating results Operating and Financial Review and Prospects 170 B. Liquidity and capital resources Operating and Financial Review and Prospects (Liquidity and Capital Resources) 179 C. Research and development, patents and licenses, etc. Environment, Social and Governance (Social Responsibility; Corporate Governance) 159, 164 D. Trend information Our Business; Risks; Operating and Financial Review and Prospects 63, 30, 170 E. Critical Accounting Estimates Operating and Financial Review and Prospects (Liquidity and Capital Resources) 179
Read original filing text →