Petróleo Brasileiro S.A. - Petrobras (PETR3) - Net Assets
Based on the latest financial reports, Petróleo Brasileiro S.A. - Petrobras (PETR3) has net assets worth R$79.90 Billion BRL (≈ $15.68 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$227.89 Billion ≈ $44.72 Billion USD) and total liabilities (R$147.99 Billion ≈ $29.04 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Petróleo Brasileiro S.A. - Petrobras (PETR3) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$79.90 Billion |
| % of Total Assets | 35.06% |
| Annual Growth Rate | 6.99% |
| 5-Year Change | -0.88% |
| 10-Year Change | -10.15% |
| Growth Volatility | 38.69 |
Petróleo Brasileiro S.A. - Petrobras - Net Assets Trend (1999–2024)
This chart illustrates how Petróleo Brasileiro S.A. - Petrobras's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Petróleo Brasileiro S.A. - Petrobras for the complete picture of this company's asset base.
Annual Net Assets for Petróleo Brasileiro S.A. - Petrobras (1999–2024)
The table below shows the annual net assets of Petróleo Brasileiro S.A. - Petrobras from 1999 to 2024. For live valuation and market cap data, see Petróleo Brasileiro S.A. - Petrobras market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$59.35 Billion ≈ $11.65 Billion |
-24.85% |
| 2023-12-31 | R$78.97 Billion ≈ $15.50 Billion |
+13.09% |
| 2022-12-31 | R$69.84 Billion ≈ $13.70 Billion |
+0.03% |
| 2021-12-31 | R$69.81 Billion ≈ $13.70 Billion |
+16.59% |
| 2020-12-31 | R$59.88 Billion ≈ $11.75 Billion |
-19.32% |
| 2019-12-31 | R$74.22 Billion ≈ $14.56 Billion |
+1.42% |
| 2018-12-31 | R$73.17 Billion ≈ $14.36 Billion |
-10.22% |
| 2017-12-31 | R$81.50 Billion ≈ $15.99 Billion |
+5.10% |
| 2016-12-31 | R$77.55 Billion ≈ $15.22 Billion |
+17.40% |
| 2015-12-31 | R$66.06 Billion ≈ $12.96 Billion |
-43.53% |
| 2014-12-31 | R$116.98 Billion ≈ $22.95 Billion |
-21.56% |
| 2013-12-31 | R$149.12 Billion ≈ $29.26 Billion |
-11.78% |
| 2012-12-31 | R$169.04 Billion ≈ $33.17 Billion |
-49.12% |
| 2011-12-31 | R$332.22 Billion ≈ $65.19 Billion |
+81.15% |
| 2010-12-31 | R$183.40 Billion ≈ $35.99 Billion |
+92.20% |
| 2009-12-31 | R$95.42 Billion ≈ $18.72 Billion |
+52.51% |
| 2008-12-31 | R$62.57 Billion ≈ $12.28 Billion |
-7.32% |
| 2007-12-31 | R$67.51 Billion ≈ $13.25 Billion |
+45.92% |
| 2006-12-31 | R$46.27 Billion ≈ $9.08 Billion |
+36.11% |
| 2005-12-31 | R$33.99 Billion ≈ $6.67 Billion |
+45.37% |
| 2004-12-31 | R$23.38 Billion ≈ $4.59 Billion |
+33.47% |
| 2003-12-31 | R$17.52 Billion ≈ $3.44 Billion |
+91.15% |
| 2002-12-31 | R$9.16 Billion ≈ $1.80 Billion |
-31.22% |
| 2001-12-31 | R$13.33 Billion ≈ $2.61 Billion |
-10.79% |
| 2000-12-31 | R$14.94 Billion ≈ $2.93 Billion |
+36.30% |
| 1999-12-31 | R$10.96 Billion ≈ $2.15 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Petróleo Brasileiro S.A. - Petrobras's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 493.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$92.74 Billion | 156.90% |
| Common Stock | R$107.10 Billion | 181.20% |
| Other Comprehensive Income | R$-47.99 Billion | -81.20% |
| Total Equity | R$59.11 Billion | 100.00% |
Petróleo Brasileiro S.A. - Petrobras Competitors by Market Cap
The table below lists competitors of Petróleo Brasileiro S.A. - Petrobras ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Glencore PLC
JSE:GLN
|
$80.01 Billion |
|
Xiaomi Corporation
F:3CP
|
$80.14 Billion |
|
ING Group NV ADR
NYSE:ING
|
$80.23 Billion |
|
The Bank of New York Mellon Corporation
NYSE:BK
|
$80.26 Billion |
|
Barclays PLC
MX:BCSN
|
$79.83 Billion |
|
United Parcel Service Inc
NYSE:UPS
|
$79.49 Billion |
|
ADVANTEST ADR NEW/1 O.N.
F:VANA
|
$79.38 Billion |
|
Enterprise Products Partners LP
NYSE:EPD
|
$79.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Petróleo Brasileiro S.A. - Petrobras's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 78,583,000,000 to 59,106,000,000, a change of -19,477,000,000 (-24.8%).
- Net income of 7,528,000,000 contributed positively to equity growth.
- Dividend payments of 18,327,000,000 reduced retained earnings.
- Share repurchases of 380,000,000 reduced equity.
- Other comprehensive income decreased equity by 19,477,000,000.
- Other factors increased equity by 11,179,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$7.53 Billion | +12.74% |
| Dividends Paid | R$18.33 Billion | -31.01% |
| Share Repurchases | R$380.00 Million | -0.64% |
| Other Comprehensive Income | R$-19.48 Billion | -32.95% |
| Other Changes | R$11.18 Billion | +18.91% |
| Total Change | R$- | -24.79% |
Book Value vs Market Value Analysis
This analysis compares Petróleo Brasileiro S.A. - Petrobras's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.94x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 63.34x to 11.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | R$0.86 | R$54.73 | x |
| 2000-12-31 | R$1.72 | R$54.73 | x |
| 2001-12-31 | R$1.53 | R$54.73 | x |
| 2002-12-31 | R$1.05 | R$54.73 | x |
| 2003-12-31 | R$1.00 | R$54.73 | x |
| 2004-12-31 | R$2.67 | R$54.73 | x |
| 2005-12-31 | R$3.87 | R$54.73 | x |
| 2006-12-31 | R$5.27 | R$54.73 | x |
| 2007-12-31 | R$7.69 | R$54.73 | x |
| 2008-12-31 | R$7.13 | R$54.73 | x |
| 2009-12-31 | R$9.76 | R$54.73 | x |
| 2010-12-31 | R$18.58 | R$54.73 | x |
| 2011-12-31 | R$25.43 | R$54.73 | x |
| 2012-12-31 | R$12.96 | R$54.73 | x |
| 2013-12-31 | R$11.43 | R$54.73 | x |
| 2014-12-31 | R$8.97 | R$54.73 | x |
| 2015-12-31 | R$5.06 | R$54.73 | x |
| 2016-12-31 | R$5.95 | R$54.73 | x |
| 2017-12-31 | R$6.25 | R$54.73 | x |
| 2018-12-31 | R$5.61 | R$54.73 | x |
| 2019-12-31 | R$5.69 | R$54.73 | x |
| 2020-12-31 | R$4.59 | R$54.73 | x |
| 2021-12-31 | R$5.35 | R$54.73 | x |
| 2022-12-31 | R$5.35 | R$54.73 | x |
| 2023-12-31 | R$6.03 | R$54.73 | x |
| 2024-12-31 | R$4.58 | R$54.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Petróleo Brasileiro S.A. - Petrobras utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.74%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.23%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 3.07x
- Recent ROE (12.74%) is below the historical average (16.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 6.63% | 4.44% | 0.48x | 3.08x | R$-368.90 Million |
| 2000 | 35.76% | 19.82% | 0.69x | 2.63x | R$3.85 Billion |
| 2001 | 26.20% | 14.22% | 0.67x | 2.77x | R$2.16 Billion |
| 2002 | 25.22% | 10.22% | 0.71x | 3.49x | R$1.39 Billion |
| 2003 | 37.44% | 21.22% | 0.58x | 3.06x | R$4.81 Billion |
| 2004 | 26.47% | 16.11% | 0.61x | 2.70x | R$3.85 Billion |
| 2005 | 30.43% | 18.37% | 0.72x | 2.31x | R$6.94 Billion |
| 2006 | 27.72% | 17.73% | 0.73x | 2.13x | R$8.20 Billion |
| 2007 | 19.46% | 14.97% | 0.68x | 1.92x | R$6.39 Billion |
| 2008 | 30.17% | 15.96% | 0.94x | 2.01x | R$12.62 Billion |
| 2009 | 16.25% | 16.88% | 0.46x | 2.10x | R$5.96 Billion |
| 2010 | 10.94% | 16.65% | 0.39x | 1.68x | R$1.72 Billion |
| 2011 | 6.06% | 13.79% | 0.24x | 1.80x | R$-13.10 Billion |
| 2012 | 6.53% | 7.66% | 0.43x | 1.96x | R$-5.87 Billion |
| 2013 | 7.44% | 7.84% | 0.44x | 2.16x | R$-3.82 Billion |
| 2014 | -6.30% | -5.13% | 0.48x | 2.55x | R$-19.06 Billion |
| 2015 | -12.79% | -8.68% | 0.42x | 3.49x | R$-15.06 Billion |
| 2016 | -6.24% | -5.94% | 0.33x | 3.18x | R$-12.59 Billion |
| 2017 | -0.11% | -0.12% | 0.31x | 3.08x | R$-8.24 Billion |
| 2018 | 9.80% | 8.47% | 0.38x | 3.03x | R$-144.50 Million |
| 2019 | 13.68% | 13.25% | 0.33x | 3.10x | R$2.73 Billion |
| 2020 | 1.91% | 2.13% | 0.28x | 3.17x | R$-4.85 Billion |
| 2021 | 28.47% | 23.67% | 0.48x | 2.50x | R$12.89 Billion |
| 2022 | 52.44% | 29.42% | 0.66x | 2.68x | R$29.64 Billion |
| 2023 | 31.67% | 24.30% | 0.47x | 2.76x | R$17.03 Billion |
| 2024 | 12.74% | 8.23% | 0.50x | 3.07x | R$1.62 Billion |
Industry Comparison
This section compares Petróleo Brasileiro S.A. - Petrobras's net assets metrics with peer companies in the Oil & Gas Integrated industry.
No peer company data available for comparison.
About Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domest… Read more