v3.26.3
Property, plant and equipment (Tables)
 6 Months Ended
Jun. 30, 2026
Property, plant and equipment [abstract]  
Schedule of property, plant and equipment by class of assets
           
 

Land, buildings

and

improvement

 Equipment and other assets (1)

Assets under

construction (2)

 Exploration and development costs (3) Right-of-use assets Total
Balance at December 31, 2025 2,392 52,662 37,120 38,894 36,972 168,040
Cost 4,417 116,063 42,752 77,977 58,273 299,482
Accumulated depreciation and impairment (4) (2,025) (63,401) (5,632) (39,083) (21,301) (131,442)
Additions 2 87 9,160 103 5,678 15,030
Capitalized borrowing costs − − 1,340 − − 1,340
Write-offs (3) (21) (43) (16) (33) (116)
Transfers (5) 19 6,092 (7,391) 2,480 1 1,201
Transfers to assets held for sale − − 1 − − 1
Depreciation, amortization and depletion (45) (3,261) − (2,664) (4,535) (10,505)
Impairment recognition (note 20) − (49) (55) (45) (79) (228)
Impairment reversal (note 20) 1 4 413 − − 418
Translation adjustment 151 3,202 2,443 2,426 2,291 10,513
Balance at June 30, 2026 2,517 58,716 42,988 41,178 40,295 185,694
Cost 4,713 128,507 48,387 85,582 66,469 333,658
Accumulated depreciation and impairment (4) (2,196) (69,791) (5,399) (44,404) (26,174) (147,964)
Balance at June 30, 2026 2,517 58,716 42,988 41,178 40,295 185,694
Weighted average useful life in years

40

(25 to 50)

(except land)

20

(3 to 31)

 

   Units of production method

8

(2 to 47)

  

 

 

Balance at December 31, 2024 2,485 45,807 24,384 35,921 27,688 136,285
Cost 3,895 96,963 30,321 67,357 42,366 240,902
Accumulated depreciation and impairment (4) (1,410) (51,156) (5,937) (31,436) (14,678) (104,617)
Additions − 21 7,472 74 8,367 15,934
Decommissioning costs - Additions to / review of estimates − − − 6 − 6
Capitalized borrowing costs − − 911 − − 911
Write-offs               (1) (27) (290) (4) (14) (336)
Transfers (5) 103 2,489 (3,438) 1,466 − 620
Transfers to assets held for sale − (1) − − − (1)
Depreciation, amortization and depletion (49) (2,641) − (2,157) (3,498) (8,345)
Impairment recognition (note 20) (3) (116) (17) (10) (84) (230)
Impairment reversal (note 20) − 4 − − − 4
Translation adjustment 339 6,168 3,507 4,766 3,999 18,779
Balance at June 30, 2025 2,874 51,704 32,529 40,062 36,458 163,627
Cost 4,503 112,058 39,137 78,019 55,814 289,531
Accumulated depreciation and impairment (4) (1,629) (60,354) (6,608) (37,957) (19,356) (125,904)
(1) Composed of production platforms, refineries, thermoelectric power plants, natural gas processing plants, pipelines, and other operating, storage and production plants, including subsea equipment for the production and flow of oil and gas, depreciated based on the units of production method.
(2) See note 8 for assets under construction by operating segment.
(3) Composed of exploration and production assets related to wells, abandonment and dismantling of areas, signature bonuses associated with proved reserves and other costs directly associated with the exploration and production of oil and gas, except for assets under "Equipment and other assets".
(4) In the case of land and assets under construction, refers only to impairment losses.
(5) Mainly includes transfers between classes of assets and transfers from Prepayments.
Schedule of useful life of assets
 
Asset Weighted average useful life in years
Buildings and improvement 37 (between 25 and 50)
Equipment and other assets 24 (between 1 to 31) - except assets by the units of production method
Exploration and development costs Units of production method or 20 years
Right-of-use 13 (between 1 and 50)
Schedule of right-of-use assets
       
  Platforms Vessels Properties Total
Cost 31,412 31,608 3,449 66,469
Accumulated depreciation and impairment (8,306) (16,526) (1,342) (26,174)
Balance at June 30, 2026 23,106 15,082 2,107 40,295
Cost 28,617 26,632 3,024 58,273
Accumulated depreciation and impairment (6,692) (13,593) (1,016) (21,301)
Balance at December 31, 2025 21,925 13,039 2,008 36,972
Schedule of estimate of amounts relating to the execution
           
          Jan-Jun/2026 Jan-Jun/2025
Opening balance, net         409 577
Additions (write-offs) of assets         (35) (353)
Other (income) and expenses         21 676
Indexation charges         (27) −
Payments made         (161) −
Cash inflow         595 −
Translation adjustments         30 97
Closing balance, net         832 997