Petróleo Brasileiro S.A. - Petrobras (PETR3) — Capital Reinvestment Ratio
Petróleo Brasileiro S.A. - Petrobras (PETR3) has a Capital Reinvestment Ratio of 0.58x as of March 2026, meaning it reinvests 1% of its operating cash flow (R$40.88 Billion) in capital expenditures (R$23.73 Billion). See PETR3 cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
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.
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. For live market cap and broader valuation context, see Petróleo Brasileiro S.A. - Petrobras market cap and net worth.
| 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$26.35 Billion | R$11.90 Billion | ▼ -10.2% |
| 2017 | 0.50x | R$27.11 Billion | R$13.64 Billion | ▼ -6.7% |
| 2016 | 0.54x | R$26.11 Billion | R$14.09 Billion | ▼ -35.5% |
| 2015 | 0.84x | R$25.91 Billion | R$21.65 Billion | ▼ -36.1% |
| 2014 | 1.31x | R$26.63 Billion | R$34.81 Billion | ▼ -23.8% |
| 2013 | 1.72x | R$26.29 Billion | R$45.11 Billion | ▲ +85.0% |
| 2012 | 0.93x | R$27.89 Billion | R$25.86 Billion | ▲ +41.1% |
| 2011 | 0.66x | R$56.32 Billion | R$37.02 Billion | ▼ -58.4% |
| 2010 | 1.58x | R$28.50 Billion | R$45.08 Billion | ▲ +12.2% |
| 2009 | 1.41x | R$24.92 Billion | R$35.13 Billion | ▲ +33.2% |
| 2008 | 1.06x | R$28.22 Billion | R$29.87 Billion | ▲ +14.4% |
| 2007 | 0.93x | R$22.66 Billion | R$20.98 Billion | ▲ +33.2% |
| 2006 | 0.69x | R$21.08 Billion | R$14.64 Billion | ▲ +1.3% |
| 2005 | 0.69x | R$15.12 Billion | R$10.37 Billion | ▼ -21.5% |
| 2004 | 0.87x | R$8.83 Billion | R$7.72 Billion | ▲ +14.3% |
| 2003 | 0.76x | R$8.57 Billion | R$6.55 Billion | ▼ -2.1% |
| 2002 | 0.78x | R$6.29 Billion | R$4.91 Billion | ▲ +60.5% |
| 2001 | 0.49x | R$8.74 Billion | R$4.25 Billion | ▲ +3.7% |
| 2000 | 0.47x | R$7.64 Billion | R$3.58 Billion | ▼ -48.9% |
| 1999 | 0.92x | R$4.74 Billion | R$4.35 Billion | — |