Petróleo Brasileiro S.A. - Petrobras (PETR3) — Capital Reinvestment Ratio
Petróleo Brasileiro S.A. - Petrobras (PETR3) has a Capital Reinvestment Ratio of 0.37x as of June 2026, meaning it reinvests 0% of its operating cash flow (R$12.30 Billion) in capital expenditures (R$4.57 Billion). Check PETR3 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Petróleo Brasileiro S.A. - Petrobras Capital Reinvestment Ratio (1999–2025)
This chart tracks Petróleo Brasileiro S.A. - Petrobras's Capital Reinvestment Ratio across 27 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Petróleo Brasileiro S.A. - Petrobras.
Annual Capital Reinvestment Ratio for Petróleo Brasileiro S.A. - Petrobras (1999–2025)
Year-by-year Capital Reinvestment Ratio for Petróleo Brasileiro S.A. - Petrobras from 1999 to 2025. See Petróleo Brasileiro S.A. - Petrobras (PETR3) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (BRL) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.54x | R$200.25 Billion | R$108.67 Billion | ▲ +40.8% |
| 2024 | 0.39x | R$234.89 Billion | R$90.56 Billion | ▲ +37.5% |
| 2023 | 0.28x | R$212.39 Billion | R$59.54 Billion | ▲ +45.5% |
| 2022 | 0.19x | R$49.72 Billion | R$9.58 Billion | ▲ +15.1% |
| 2021 | 0.17x | R$37.79 Billion | R$6.33 Billion | ▼ -17.7% |
| 2020 | 0.20x | R$28.89 Billion | R$5.87 Billion | ▼ -78.2% |
| 2019 | 0.93x | R$25.60 Billion | R$23.90 Billion | ▲ +106.6% |
| 2018 | 0.45x | R$87.75 Billion | R$39.64 Billion | ▼ -10.2% |
| 2017 | 0.50x | R$89.67 Billion | R$45.11 Billion | ▼ -6.7% |
| 2016 | 0.54x | R$85.20 Billion | R$45.96 Billion | ▼ -35.5% |
| 2015 | 0.84x | R$102.00 Billion | R$85.23 Billion | ▼ -36.1% |
| 2014 | 1.31x | R$66.61 Billion | R$87.06 Billion | ▼ -23.8% |
| 2013 | 1.72x | R$56.03 Billion | R$96.14 Billion | ▲ +85.0% |
| 2012 | 0.93x | R$52.08 Billion | R$48.30 Billion | ▲ +41.1% |
| 2011 | 0.66x | R$103.03 Billion | R$67.73 Billion | ▼ -58.4% |
| 2010 | 1.58x | R$47.59 Billion | R$75.28 Billion | ▲ +12.2% |
| 2009 | 1.41x | R$43.42 Billion | R$61.21 Billion | ▲ +33.2% |
| 2008 | 1.06x | R$55.62 Billion | R$58.88 Billion | ▼ -45.2% |
| 2007 | 1.93x | R$22.66 Billion | R$43.81 Billion | ▲ +178.3% |
| 2006 | 0.69x | R$45.58 Billion | R$31.66 Billion | ▲ +1.3% |
| 2005 | 0.69x | R$35.27 Billion | R$24.18 Billion | ▼ -21.5% |
| 2004 | 0.87x | R$23.57 Billion | R$20.60 Billion | ▲ +14.3% |
| 2003 | 0.76x | R$27.07 Billion | R$20.69 Billion | ▼ -2.1% |
| 2002 | 0.78x | R$16.06 Billion | R$12.54 Billion | ▲ +60.5% |
| 2001 | 0.49x | R$16.99 Billion | R$8.27 Billion | ▲ +3.7% |
| 2000 | 0.47x | R$14.71 Billion | R$6.90 Billion | ▼ -48.9% |
| 1999 | 0.92x | R$8.57 Billion | R$7.86 Billion | — |