Petróleo Brasileiro S.A. - Petrobras (PBR) Balance Sheet

NYSE: PBRAssets, liabilities, debt and equity over 3 years.

PBR balance sheet, 2025

December 31, 2025 · Brazilian reais

R$223.28B assets = R$147.07B liabilities + R$76.21B equity

What it ownsR$223.28BCash & ST investments: R$9.24B (4.1%)Receivables: R$6.68B (3.0%)Inventory: R$8.24B (3.7%)Other current: R$1.39B (0.6%)PP&E: R$168.75B (75.6%)PP&ER$168.75B · 76%Goodwill & intangibles: R$2.53B (1.1%)LT investments: R$554.5M (0.2%)Other non-current: R$25.88B (11.6%)Other non-current R$25.88B=How it is financedR$223.28BCurrent liabilities: R$36.20B (16.2%)R$36.20BLong-term debt: R$316.77B (141.9%)Long-term debtR$316.77B · 142%Shareholders’ equity: R$76.21B (34.1%)Shareholders’ equityR$76.21B · 34%

Both columns are drawn to the same scale: what PBR owns equals what it owes plus shareholders’ equity. Hover a block for its value.

PBR financial health

Current ratio0.71
Tight · current assets cover current liabilities 0.71×
Debt / equity0.92
Moderate leverage · R$0.92 of debt for each $1 of equity
Equity / assets34.0%
Balanced · of assets funded by shareholders
Cash / debt13.2%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles1.1%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

PBR balance sheet trends, 2023–2025

MetricTrendThenLatestChange
Total assetsR$217.07B2023R$223.28B2025+1.4%/yr
Total liabilitiesR$138.09B2023R$147.07B2025+3.2%/yr
Shareholders’ equityR$78.97B2023R$75.88B2025−2.0%/yr
Cash & short-term investmentsR$15.55B2023R$9.24B2025−22.9%/yr
Total debtR$62.60B2023R$70.09B2025+5.8%/yr
Net cash (debt)−R$47.05B2023−R$60.85B2025−R$13.8B
Working capital−R$1.42B2023−R$10.65B2025−R$9.2B
Current ratio0.9620230.712025−0.25
Debt / equity0.7920230.922025+0.13
Shares outstanding6.51B20236.44B2025−0.5%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

PBR assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

PBR liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

PBR debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

PBR balance sheet in Brazilian reais

202520242023
Assets
Cash & short-term investmentsR$9.24BR$7.53BR$15.55B
Cash & equivalentsR$6.50BR$3.27BR$12.73B
Short-term investmentsR$2.74BR$4.26BR$2.82B
ReceivablesR$6.68BR$5.53BR$7.31B
InventoryR$8.24BR$6.71BR$7.68B
Other current assetsR$1.39BR$2.06BR$1.91B
Total current assetsR$25.56BR$21.84BR$32.45B
Property, plant & equipment (net)R$168.75BR$136.28BR$153.42B
Goodwill & intangible assetsR$2.53BR$2.25BR$3.04B
Long-term investmentsR$554.5MR$1.24BR$18.28B
Other non-current assetsR$25.88BR$20.03BR$9.87B
Total assetsR$223.28BR$181.65BR$217.07B
Liabilities
Accounts payableR$7.47BR$6.08BR$4.81B
Short-term debtR$12.27BR$11.11BR$11.52B
Deferred revenue——R$1.30B
Total current liabilitiesR$36.20BR$31.46BR$33.86B
Long-term debtR$316.77BR$304.68BR$247.28B
Lease obligationsR$43.53BR$37.15BR$164.03B
Other long-term liabilitiesR$0R$0R$0
Total liabilitiesR$147.07BR$122.30BR$138.09B
Shareholders' equity
Common stock & paid-in capitalR$37.49BR$107.10BR$107.10B
Retained earnings (deficit)R$161.38BR$15.39BR$32.81B
Accumulated other comprehensive incomeR$38.39B−R$47.99B−R$28.52B
Minority interestR$326.0MR$244.0MR$392.0M
Total shareholders' equityR$75.88BR$59.35BR$78.97B
Key figures
Total debtR$70.09BR$60.31BR$62.60B
Net cash (debt)−R$60.85B−R$52.78B−R$47.05B
Working capital−R$10.65B−R$9.62B−R$1.42B
Tangible book valueR$73.35BR$57.09BR$75.93B
Shares outstanding6.44B6.44B6.51B
Current ratio0.710.690.96
Quick ratio0.440.420.68
Debt / equity0.921.020.79
Equity / assets34.0%32.7%36.4%

Quarterly columns are labeled by the month the quarter ended. Figures in Brazilian reais as reported (latest annual report filed April 9, 2026); data from EODHD.

PBR financial position

At the end of fiscal 2025 (December 31, 2025), Petróleo Brasileiro S.A. - Petrobras had total assets of R$223.3 billion (up 22.9% from a year earlier), total liabilities of R$147.1 billion and shareholders' equity of R$75.9 billion. It held R$9.2 billion in cash and short-term investments against R$70.1 billion of debt, net debt of R$60.9 billion. Its current ratio was 0.71. In the latest quarter (ended March 31, 2026) total assets were R$238.6 billion and equity R$85.3 billion.

Related: PBR income statement, PBR cash flow statement, PBR key metrics. See the PBR stock overview for the latest quote and news.

PBR balance sheet FAQ

What are Petróleo Brasileiro S.A. - Petrobras's total assets?

Petróleo Brasileiro S.A. - Petrobras reported total assets of R$223.3 billion at the end of fiscal 2025 (December 31, 2025), compared with R$181.6 billion a year earlier.

How much debt does Petróleo Brasileiro S.A. - Petrobras have?

Petróleo Brasileiro S.A. - Petrobras had R$70.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.92.

How much cash does Petróleo Brasileiro S.A. - Petrobras have?

Petróleo Brasileiro S.A. - Petrobras held R$9.2 billion in cash and short-term investments at the end of fiscal 2025; with R$70.1 billion of debt that is net debt of R$60.9 billion.

What is Petróleo Brasileiro S.A. - Petrobras's book value?

Petróleo Brasileiro S.A. - Petrobras's shareholders' equity (book value) was R$75.9 billion at the end of fiscal 2025.

What is Petróleo Brasileiro S.A. - Petrobras's current ratio?

Petróleo Brasileiro S.A. - Petrobras had current assets of R$25.6 billion and current liabilities of R$36.2 billion, a current ratio of 0.71 (current liabilities exceed current assets).

How much goodwill does Petróleo Brasileiro S.A. - Petrobras have?

Petróleo Brasileiro S.A. - Petrobras carried R$2.5 billion of goodwill and intangible assets, 1.1% of total assets, at the end of fiscal 2025.

Oil & Gas Integrated: balance sheet