PBR
Petroleo Brasileiro S.A.- Petrobras

Market cap $87.505B
Enterprise value $169.54B
Employees 62,258
Revenue $80.7B
EBITDA $29.3B
Income $2.33B
EPS 0.36
P/E 37.12
Forward P/E 12.54
EV/EBITDA 5.78
PEG -1.15
Earnings date N/A
Volume 9.96M / 18.9M
Relative vol. 0.53 ×
Sales Q/Q 11.11%
Sales Y/Y -24.30%
Est. EPS Q/Q 3.57%
Beta 2.74
Mean Recomm. 2.70
IPO year 2000
Country Brazil
RSI 49.90
Range $12.95 – $13.48
52 weeks $7.61 – $13.99
SMA 50 $12 -8.09%
SMA 200 $11 -21.63%
1 year target $13 -4.39%

Intraday

5 days

1 month

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6 months

1 year

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All time

Buy → Hold
Societe Generale 17 October 2017
Underweight Barclays 9 October 2017
Neutral → Outperform
Credit Suisse 21 March 2017

Petroleo Brasileiro S.A.- Petrobras executives

Insider Title Age Since Compensation
Eberaldo de Almeida Neto
Executive Director of Corporate Affairs since 2018
Executive Director of Corporate Affairs 2018
Durval Jose Soledade Santos (68)
Director since 2016
Director 68 2016
Betania Rodrigues Coutinho (41)
Director since 2016
Director 41 2016
Francisco Petros Oliveira Lima Papathanasiadis (52)
Director since 2016
Director 52 2016
Marcelo Mesquita de Siqueira (47)
Director since 2016
Director 47 2016
Segen Farid Estefen (64)
Director since 2015
Director 64 2015
Jeronimo Antunes (61)
Director since 2016
Director 61 2016
Guilherme Affonso Ferreira (64)
Director since 2015
Director 64 2015
Solange da Silva Guedes (54)
Exploration and Production Officer, Member of the Executive Board since 2015
Exploration and Production Officer, Member of the Executive Board 54 2015
Hugo Repsold (56)
Executive Director of Production & Technology Development since 2018
Executive Director of Production & Technology Development 56 2018
Jorge Celestino Ramos (58)
Chief Refining and Natural Gas Executive Officer since 2016
Chief Refining and Natural Gas Executive Officer 58 2016
Roberto Moro (52)
Chief Technology and Production Development Executive Officer since 2015
Chief Technology and Production Development Executive Officer 52 2015
Nelson Luiz Costa Silva (61)
Chief Strategy, Organization and Management System Officer since 2016
Chief Strategy, Organization and Management System Officer 61 2016
Joao Adalberto Elek (57)
Chief of Governance, Risk and Compliance Officer since 2015
Chief of Governance, Risk and Compliance Officer 57 2015
Paulo Jose Alves
Chief Accounting Officer
Chief Accounting Officer
Ivan de Souza Monteiro (54)
Chief Financial Officer, Chief Investor Relations Officer since 2015
Chief Financial Officer, Chief Investor Relations Officer 54 2015
Pedro Pullen Parente (64)
Chief Executive Officer, Director since 2016
Chief Executive Officer, Director 64 2016
Luiz Nelson Guedes de Carvalho (71)
Chairman of the Board since 2015
Chairman of the Board 71 2015
Petroleo Brasileiro S.A.- Petrobras logo

Petróleo Brasileiro S.A. - Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets. Its Refining, Transportation and Marketing segment is involved in refining, logistics, transport, and trading of crude oil and oil products; exportation of ethanol; and extraction and processing of shale, as well as holding interests in petrochemical companies. The company's Gas and Power segment engages in the transportation and trading of natural gas and liquid natural gas; importation of natural gas; generation and trading of electricity; holding interests in transportation and distribution of natural gas, and thermoelectric power plants; and fertilizer business. Its Biofuels segment is involved in the production of biodiesel and its co-products, as well as the equity investment, production, and trading of ethanol, sugar, and electric power generated from sugarcane bagasse. The company's Distribution segment sells oil products, ethanol, and vehicle natural gas in Brazil, as well as distributes oil products in South America. Petróleo Brasileiro S.A. - Petrobras was founded in 1953 and is headquartered in Rio de Janeiro, Brazil.

  • Petroleo Brasileiro S.A.- Petrobras, Av. República do Chile, nº 65, Rio de Janeiro 20031-912, Brazil
  • petrobras.com.br

Quarterly EPS estimates

Profit margin

Debt to assets

Cash flow

Balance sheet

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Current assets
Cash $74,431 $77,970 $60,874 $69,108
Short term investments $5,744
Net receivables $21,134 $19,696 $19,140 $20,540
Inventory $25,851 $26,621 $26,172 $27,622
Other current assets $16,782 $14,831 $24,963 $26,081
Total current assets $143,942 $142,435 $134,058 $145,907
Long term investments $13,394 $13,022 $11,412 $10,241
Property, plant & equipment $570,783 $575,242 $569,235 $571,876
Goodwill $714 $720 $714 $718
Intangible assets $9,524 $9,830 $9,883 $9,945
Other assets $65,513 $66,805 $62,744 $66,258
Deferred long term asset charges $10,106 $9,853 $9,940 $14,038
Total assets $803,870 $808,054 $788,046 $804,945
Current liabilities
Accounts payable $18,949 $17,001 $14,925 $18,781
Short long term debt $359,412 $376,587 $364,758 $385,784
Other current liabilities $8,734 $9,484 $9,208 $10,458
Total current liabilities $71,248 $69,968 $78,477 $81,167
Long term debt $335,278 $349,884 $329,059 $353,193
Other liabilities $132,120 $126,340 $119,266 $117,106
Deferred long term liabilities
Minority interest $2,755 $2,509 $2,696 $2,513
Total liabilities $539,351 $546,910 $527,530 $552,202
Stockholders' equity
Stock option warrants
Common stock $205,432 $205,432 $205,432 $205,432
Retained earnings $82,838 $82,570 $82,251 $77,800
Treasury stock -$26,506 -$29,367 -$29,863 -$33,002
Capital surplus
Other stockholder equity -$26,506 -$29,367 -$29,863 -$33,002
Total stockholder equity $261,764 $258,635 $257,820 $250,230
Net tangible assets $251,526 $248,085 $247,223 $239,567
(in millions) 2016 2015 2014
Current assets
Cash $21,205 $25,058 $16,655
Short term investments $784 $780 $9,323
Net receivables $7,437 $8,410 $12,203
Inventory $8,475 $7,441 $11,466
Other current assets $6,868 $1,490 $1,185
Total current assets $44,769 $43,179 $50,832
Long term investments $12,025 $11,617 $16,920
Property, plant & equipment $175,470 $161,297 $218,730
Goodwill $718 $1,117 $971
Intangible assets $3,272 $3,092 $4,509
Other assets $7,140 $5,320 $6,690
Deferred long term asset charges $4,307 $6,016 $1,006
Total assets $246,983 $230,521 $298,687
Current liabilities
Accounts payable $12,534 $11,800 $16,933
Short long term debt $9,773 $14,702 $11,884
Other current liabilities $2,596 $2,071 $2,301
Total current liabilities $24,903 $28,573 $31,118
Long term debt $108,597 $111,560 $120,274
Other liabilities $35,670 $24,101 $27,286
Deferred long term liabilities $263 $232 $3,031
Minority interest $771 $819 $706
Total liabilities $170,204 $165,285 $182,415
Stockholders' equity
Stock option warrants
Common stock $107,101 $107,101 $107,101
Retained earnings $53,143 $57,977 $66,423
Treasury stock -$33,002 -$43,313 -$24,022
Capital surplus
Other stockholder equity -$83,465 -$99,842 -$57,252
Total stockholder equity $76,779 $65,236 $116,272
Net tangible assets $73,507 $62,144 $111,763

Income statement

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Revenue
Total revenue $71,822 $78,880 $56,481 $64,641
Cost of revenue $50,585 $57,511 $32,695 $41,829
Gross profit $21,237 $21,369 $23,786 $22,812
Operating expenses
Research & development $425 $549 $337 $325
Selling, general & administrative $6,688 $6,138 $4,669 $5,996
Non-recurring
Other operating expenses $5,531 $5,055 $4,199 $2,507
Total operating expenses $63,900 $69,828 $42,224 $53,936
Operating income $7,922 $9,052 $14,257 $10,705
Income from continuing operations
Net other income -$7,117 -$2,282 -$7,130 -$5,478
EBIT $7,922 $9,052 $14,257 $10,705
Interest expense -$5,231 -$5,570 -$2,717 -$4,979
Income before tax $805 $6,770 $7,127 $5,227
Income tax expense $155 $6,478 $2,320 $2,467
Minority interest $2,755 $2,509 $2,696 $2,513
Net income from continuing ops $650 $292 $4,807 $2,760
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $266 $316 $4,449 $2,510
Income (for common shares) $266 $316 $4,449 $2,510
(in millions) 2016 2015 2014
Revenue
Total revenue $81,405 $97,314 $143,657
Cost of revenue $55,417 $67,485 $109,477
Gross profit $25,988 $29,829 $34,180
Operating expenses
Research & development $523 $630 $1,099
Selling, general & administrative $13,203 $16,119 $18,080
Non-recurring $7,954 $14,210 $22,408
Other operating expenses $3,908 $15,814 $8,387
Total operating expenses
Operating income $4,308 -$1,130 -$7,407
Income from continuing operations
Net other income -$797 -$2,004 $2,288
EBIT $3,293 -$3,311 -$4,901
Interest expense $6,958 $6,437 $3,923
Income before tax -$3,665 -$9,748 -$8,824
Income tax expense $684 -$1,137 -$1,321
Minority interest $771 $819 $706
Net income from continuing ops -$4,567 -$8,788 -$7,285
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA -$4,349 -$8,611 -$7,503
Income (for common shares) -$4,349 -$8,611 -$7,503

Cash flow

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Net income $266 $316 $4,449 $2,510
Operating activities
Depreciation $11,174 $10,575 $10,688 $14,016
Net income adjustments $10,477 $9,712 $12,226 $10,128
Change in accounts receivable -$2,859 -$1,130 $1,513 -$2,768
Changes in liabilities $2,155 $909 -$3,290 $1,158
Changes in inventory $154 -$391 $1,214 -$717
Changes in other operating activities -$3,163 -$83 -$3,413 -$8
Total cash flow from operations $24,022 $19,653 $23,225 $23,744
Investing activities
Capital expenditures -$9,432 -$10,657 -$10,024 -$12,576
Investments -$2,401 -$348 -$312 $50
Other cash flows from investing $231 $374 $201 $801
Total cash flows from investing -$11,599 -$3,049 -$8,262 -$6,896
Financing activities
Dividends paid
Sale and purchase of stock
Net borrowings -$79,285 $4,621 -$15,978 -$10,981
Other cash flows from financing $66,707 -$7,300 -$5,382 -$6,738
Total cash flows from financing -$12,578 -$2,679 -$21,360 -$17,719
Effect of exchange rate -$3,384 $3,171 -$1,837 -$81
Change in cash and equivalents -$3,539 $17,096 -$8,234 -$952
(in millions) 2016 2015 2014
Net income -$4,349 -$8,611 -$7,503
Operating activities
Depreciation $13,965 $11,591 $13,023
Net income adjustments $18,847 $25,518 $28,180
Change in accounts receivable -$39 -$396 -$2,507
Changes in liabilities -$487 -$798 -$2,211
Changes in inventory -$518 $291 $570
Changes in other operating activities -$1,305 -$1,608 -$2,803
Total cash flow from operations $26,114 $25,987 $26,749
Investing activities
Capital expenditures -$14,085 -$21,653 -$34,808
Investments $577 $8,133 -$5,411
Other cash flows from investing $2,205 $224 $3,744
Total cash flows from investing -$11,303 -$13,296 -$36,475
Financing activities
Dividends paid -$72 -$74 -$4,035
Sale and purchase of stock -$7,279 -$6,205 -$6,093
Net borrowings -$11,763 $2,611 $21,019
Other cash flows from financing -$25,680 $503 $503
Total cash flows from financing -$19,114 -$3,165 $10,891
Effect of exchange rate $450 -$1,123 -$378
Change in cash and equivalents -$3,853 $8,403 $787
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