v3.26.3
Information by operating segment
 6 Months Ended
Jun. 30, 2026
Notes and other explanatory information [abstract]  
Information by operating segment

 

8.Information by operating segment
8.1.Net income by operating segment
           
Jan-Jun/2026
  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 38,781 54,648 4,611 188 (41,086) 57,142
Intersegments 38,661 736 1,684 5 (41,086) −
Third parties 120 53,912 2,927 183 - 57,142
Cost of sales (17,492) (44,938) (2,536) (168) 38,825 (26,309)
Gross profit 21,289 9,710 2,075 20 (2,261) 30,833
Income (expenses) (1,516) (3,382) (1,633) (2,201) − (8,732)
Selling expenses (1) (1,823) (1,424) (13) - (3,261)
General and administrative expenses (39) (233) (73) (690) - (1,035)
Exploration costs (239) - - - - (239)
Research and development expenses (441) (2) (6) (97) - (546)
Other taxes (181) (1,127) (6) (344) - (1,658)
Impairment (losses) reversals, net (223) 414 - - - 191
Other income and expenses, net (392) (611) (124) (1,057) - (2,184)
Income (loss) before net finance income, results of equity-accounted investments and income taxes 19,773 6,328 442 (2,181) (2,261) 22,101
Net finance income - - - 1,179 - 1,179
Results of equity-accounted investments 45 42 33 (7) - 113
Net income (loss) before income taxes 19,818 6,370 475 (1,009) (2,261) 23,393
Income taxes (6,724) (2,150) (150) 1,519 768 (6,737)
Net income (loss) for the period 13,094 4,220 325 510 (1,493) 16,656
Attributable to:            
Shareholders of Petrobras 13,095 4,220 310 495 (1,493) 16,627
Non-controlling interests (1) - 15 15 - 29

 

 

             
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 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 income, 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

 

 

             
Consolidated statement of income by operating segment
Apr-Jun/2026
  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 22,785 32,351 2,406 99 (24,034) 33,607
    Intersegments 22,724 428 880 2 (24,034) −
    Third parties 61 31,923 1,526 97 - 33,607
Cost of sales (9,350) (27,166) (1,320) (87) 23,809 (14,114)
Gross profit 13,435 5,185 1,086 12 (225) 19,493
Income (expenses) (979) (2,376) (812) (1,073) − (5,240)
  Selling expenses (1) (1,029) (714) (2) - (1,746)
  General and administrative expenses (25) (131) (38) (362) - (556)
  Exploration costs (101) - - - - (101)
  Research and development expenses (243) (1) (3) (49) - (296)
  Other taxes (12) (991) (3) (178) - (1,184)
  Impairment (losses) reversals, net (226) - - - - (226)
  Other income and expenses, net (371) (224) (54) (482) - (1,131)
Income (loss) before net finance expense, results of equity-accounted investments and income taxes 12,456 2,809 274 (1,061) (225) 14,253
  Net finance expense - - - (288) - (288)
  Results of equity-accounted investments 29 65 15 (6) - 103
Net income / (loss) before income taxes 12,485 2,874 289 (1,355) (225) 14,068
  Income taxes (4,235) (954) (93) 1,577 75 (3,630)
Net income (loss) for the period 8,250 1,920 196 222 (150) 10,438
Attributable to:            
Shareholders of Petrobras 8,250 1,920 190 218 (150) 10,428
Non-controlling interests − − 6 4 − 10

 

 

             
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 income, results of equity-accounted investments and income taxes 5,957 340 118 (1,024) (42) 5,349
Net finance income - - - 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

 

 

         
Other income and expenses, net by segment
Jan-Jun/2026
  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 (1,159) (93) (24) (6) (1,282)
Pension and medical benefits - retirees - - - (786) (786)
Variable compensation programs (310) (197) (32) (182) (721)
Losses with legal, administrative and arbitration proceedings (100) (144) (3) (233) (480)
Gains (losses) with commodity derivatives - (142) 4 - (138)
Results on disposal/write-offs of assets 51 7 6 51 115
Results from co-participation agreements in bid areas 205 - - - 205
Results of non-core activities 249 4 1 11 265
Early termination and changes to cash flow estimates of leases 287 5 (5) 2 289
Reimbursements from E&P partnership operations 381 - - - 381
Others 4 (51) (71) 86 (32)
Total (392) (611) (124) (1,057) (2,184)

 

 

           
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)
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)
Gains with commodity derivatives - 4 7 - 11
Results from co-participation agreements in bid areas 50 - - - 50
Reimbursements from E&P partnership operations 65 - - - 65
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 (704) (53) (133) (85) (975)
Total (1,543) (390) (216) (959) (3,108)

 

 

 

 

           
Other income and expenses, net by segment
Apr-Jun/2026
  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 (589) (34) (13) (2) (638)
Pension and medical benefits - retirees - - - (401) (401)
Variable compensation programs (152) (117) (15) (91) (375)
Losses with legal, administrative and arbitration proceedings (254) (51) (1) (41) (347)
Gains (losses) with commodity derivatives - (14) 4 - (10)
Results on disposal/write-offs of assets 9 14 4 13 40
Results from co-participation agreements in bid areas 87 - - - 87
Results of non-core activities 125 4 1 6 136
Early termination and changes to cash flow estimates of leases 158 (6) (5) 2 149
Reimbursements from E&P partnership operations 249 - - - 249
Others (4) (20) (29) 32 (21)
Total (371) (224) (54) (482) (1,131)
           

 

 

 

           
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
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)
Gains (losses) with legal, administrative and arbitration proceedings 6 (38) (28) (65) (125)
Reimbursements from E&P partnership operations (81) - - - (81)
Results from co-participation agreements in bid areas (20) - - - (20)
Gains with commodity derivatives - 3 6 - 9
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 (761) (51) (71) (113) (996)
Total (1,342) (188) (122) (566) (2,218)
           

 

 

The amount of depreciation, depletion and amortization by segment is set forth as follows:

         
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Total
 
 
Jan-Jun/2026 6,442 1,503 317 112 8,374
Jan-Jun/2025 5,317 1,288 264 75 6,944
           
  Exploration and Production (E&P) Refining, Transportation & Marketing (RT&M) Gas and Low Carbon Energies (G&LCE) Corporate and other businesses Total
 
 
Apr-Jun/2026 3,288 767 149 59 4,263
Apr-Jun/2025 2,836 691 131 39 3,697

 

 

8.2.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 - 06.30.2026
             
Current assets 2,925 12,819 492 19,487 (5,786) 29,937
Non-current assets 169,222 24,971 5,576 17,371 − 217,140
Long-term receivables 9,886 3,703 164 14,307 − 28,060
Investments 315 92 187 60 − 654
Property, plant and equipment 157,017 21,018 5,131 2,528 − 185,694
Operating assets 119,431 17,113 4,492 1,670 − 142,706
Under construction 37,586 3,905 639 858 − 42,988
Intangible assets 2,004 158 94 476 − 2,732
Total Assets 172,147 37,790 6,068 36,858 (5,786) 247,077
             

 

             
Consolidated assets by operating segment - 12.31.2025
             
Current assets 2,424 9,580 356 16,620 (3,532) 25,448
Non-current assets 153,291 22,311 5,315 15,972 − 196,889
Long-term receivables 9,318 3,091 146 13,221 − 25,776
Investments 292 27 171 60 − 550
Property, plant and equipment 141,818 19,053 4,917 2,252 − 168,040
Operating assets 108,424 16,534 4,394 1,568 − 130,920
Under construction 33,394 2,519 523 684 − 37,120
Intangible assets 1,863 140 81 439 − 2,523
Total Assets 155,715 31,891 5,671 32,592 (3,532) 222,337