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$93.08 Billion BRL (≈ $18.26 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$247.08 Billion ≈ $48.48 Billion USD) and total liabilities (R$153.99 Billion ≈ $30.22 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 strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$93.08 Billion |
| % of Total Assets | 37.67% |
| Annual Growth Rate | 15.03% |
| 5-Year Change | 497.92% |
| 10-Year Change | 438.26% |
| Growth Volatility | 92.76 |
Petróleo Brasileiro S.A. - Petrobras - Net Assets Trend (1999–2025)
This chart illustrates how Petróleo Brasileiro S.A. - Petrobras's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see PETR3 stock market capitalisation.
Annual Net Assets for Petróleo Brasileiro S.A. - Petrobras (1999–2025)
The table below shows the annual net assets of Petróleo Brasileiro S.A. - Petrobras from 1999 to 2025. Also explore PETR3 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$417.42 Billion ≈ $81.91 Billion |
+13.73% |
| 2024-12-31 | R$367.02 Billion ≈ $72.02 Billion |
-5.45% |
| 2023-12-31 | R$388.17 Billion ≈ $76.17 Billion |
+455.84% |
| 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 933.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$161.38 Billion | 38.83% |
| Common Stock | R$205.35 Billion | 49.41% |
| Other Comprehensive Income | R$210.27 Billion | 50.59% |
| Total Equity | R$415.62 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 |
|---|---|
|
Equinor ASA
F:DNQA
|
$82.16 Billion |
|
National Australia Bank Ltd
AU:NAB
|
$82.63 Billion |
|
NetEase Inc
MX:NTESN
|
$82.72 Billion |
|
MercadoLibre Inc.
NASDAQ:MELI
|
$82.76 Billion |
|
Enterprise Products Partners LP
NYSE:EPD
|
$82.04 Billion |
|
Emerson Electric Company
NYSE:EMR
|
$82.00 Billion |
|
ASE Industrial Holding Co Ltd
TW:3711
|
$81.84 Billion |
|
Phillips 66
NYSE:PSX
|
$81.75 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 2024 to 2025, total equity changed from 365,511,504,000 to 415,619,056,000, a change of 50,107,552,000 (13.7%).
- Net income of 110,129,000,000 contributed positively to equity growth.
- Dividend payments of 45,186,849,000 reduced retained earnings.
- Other comprehensive income increased equity by 507,070,619,000.
- Other factors decreased equity by 521,905,218,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$110.13 Billion | +26.5% |
| Dividends Paid | R$45.19 Billion | -10.87% |
| Other Comprehensive Income | R$507.07 Billion | +122.0% |
| Other Changes | R$-521.91 Billion | -125.57% |
| Total Change | R$- | 13.71% |
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: 1.74x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 65.08x to 1.74x 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$56.23 | x |
| 2000-12-31 | R$1.72 | R$56.23 | x |
| 2001-12-31 | R$1.53 | R$56.23 | x |
| 2002-12-31 | R$1.05 | R$56.23 | x |
| 2003-12-31 | R$1.00 | R$56.23 | x |
| 2004-12-31 | R$2.67 | R$56.23 | x |
| 2005-12-31 | R$3.87 | R$56.23 | x |
| 2006-12-31 | R$5.27 | R$56.23 | x |
| 2007-12-31 | R$7.69 | R$56.23 | x |
| 2008-12-31 | R$7.13 | R$56.23 | x |
| 2009-12-31 | R$9.76 | R$56.23 | x |
| 2010-12-31 | R$18.58 | R$56.23 | x |
| 2011-12-31 | R$25.43 | R$56.23 | x |
| 2012-12-31 | R$12.96 | R$56.23 | x |
| 2013-12-31 | R$11.43 | R$56.23 | x |
| 2014-12-31 | R$8.97 | R$56.23 | x |
| 2015-12-31 | R$5.06 | R$56.23 | x |
| 2016-12-31 | R$5.95 | R$56.23 | x |
| 2017-12-31 | R$6.25 | R$56.23 | x |
| 2018-12-31 | R$5.61 | R$56.23 | x |
| 2019-12-31 | R$5.69 | R$56.23 | x |
| 2020-12-31 | R$4.59 | R$56.23 | x |
| 2021-12-31 | R$5.35 | R$56.23 | x |
| 2022-12-31 | R$5.35 | R$56.23 | x |
| 2023-12-31 | R$29.66 | R$56.23 | x |
| 2024-12-31 | R$28.34 | R$56.23 | x |
| 2025-12-31 | R$32.25 | R$56.23 | 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): 26.50%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.13%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.94x
- Recent ROE (26.50%) is below the historical average (44.19%), 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 | 11.99% | 4.44% | 0.88x | 3.08x | R$218.15 Million |
| 2000 | 68.84% | 19.82% | 1.32x | 2.63x | R$8.79 Billion |
| 2001 | 50.90% | 14.22% | 1.29x | 2.77x | R$5.45 Billion |
| 2002 | 64.41% | 10.22% | 1.80x | 3.49x | R$4.99 Billion |
| 2003 | 118.26% | 21.22% | 1.82x | 3.06x | R$18.97 Billion |
| 2004 | 70.64% | 16.11% | 1.63x | 2.70x | R$14.18 Billion |
| 2005 | 71.01% | 18.37% | 1.67x | 2.31x | R$20.74 Billion |
| 2006 | 59.95% | 17.73% | 1.59x | 2.13x | R$23.11 Billion |
| 2007 | 40.64% | 14.97% | 1.41x | 1.92x | R$20.69 Billion |
| 2008 | 59.47% | 15.96% | 1.85x | 2.01x | R$30.96 Billion |
| 2009 | 28.31% | 16.88% | 0.80x | 2.10x | R$17.47 Billion |
| 2010 | 18.26% | 16.65% | 0.65x | 1.68x | R$15.15 Billion |
| 2011 | 11.08% | 13.79% | 0.45x | 1.80x | R$3.58 Billion |
| 2012 | 12.19% | 7.66% | 0.81x | 1.96x | R$3.70 Billion |
| 2013 | 15.86% | 7.84% | 0.94x | 2.16x | R$8.73 Billion |
| 2014 | -15.75% | -5.13% | 1.20x | 2.55x | R$-30.12 Billion |
| 2015 | -50.35% | -8.68% | 1.66x | 3.49x | R$-39.87 Billion |
| 2016 | -20.36% | -5.94% | 1.08x | 3.18x | R$-23.54 Billion |
| 2017 | -0.37% | -0.12% | 1.02x | 3.08x | R$-8.45 Billion |
| 2018 | 32.64% | 8.47% | 1.27x | 3.03x | R$16.57 Billion |
| 2019 | 52.34% | 13.25% | 1.28x | 3.10x | R$31.42 Billion |
| 2020 | 9.91% | 2.13% | 1.47x | 3.17x | R$-55.20 Million |
| 2021 | 159.67% | 23.67% | 2.70x | 2.50x | R$104.48 Billion |
| 2022 | 280.55% | 29.42% | 3.56x | 2.68x | R$188.94 Billion |
| 2023 | 6.44% | 24.30% | 0.10x | 2.76x | R$-13.74 Billion |
| 2024 | 10.02% | 7.46% | 0.44x | 3.07x | R$54.85 Million |
| 2025 | 26.50% | 22.13% | 0.41x | 2.94x | R$68.57 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, China, the United States, the Americas, Asia, Europe, Singapore, 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… Read more