Petroleo Brasileiro S.A.-Petrobras (PBR)

NYSE: PBR · Crude Petroleum & Natural Gas · Rio De Janerio Rj Br, BR · filing with the SEC since 2001

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Grade4.8

◀ Past 4.8● Present 5.4▶ Future 4.1

2 est.

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The grade of Petroleo Brasileiro S.A.-Petrobras

Nine metrics read from its own filings, by tense

Headline grade

4.8/10

◀ Past4.840% of the headline

● Present5.435% of the headline

▶ Future4.125% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.8/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

7.7/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 77th percentile among 83 sector filers · read for itself

From the record

Petroleo Brasileiro S.A.-Petrobras' filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

3.4/10

What has it actually done, year after year?

-0.7% a year over 10 filed years; profitable in 8 of 10.

weight 33% of this tense · 34th percentile among 74 sector filers · read for its customers

From the record

Petroleo Brasileiro S.A.-Petrobras' 10 filed years say what it did: revenue went from $97 billion in fiscal 2015 to $91 billion in fiscal 2024, down 0.7% a year; it rose in 3 of 9 years; the deepest fall was 45% from fiscal 2015 to fiscal 2020; net income was positive in 8 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span-0.7%bottom 14% of its family
the share of years revenue rosebottom 8% of its family
the share of filed years with a profittop 27% of its family
the deepest fall from a revenue peak44.8%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

1.2/10

How has it treated the people who own it?

SI estimate 1.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 12th percentile among 78 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 12% of 78 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: cash returned against operating cash flow, the one part on file, ranked among 78 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Petroleo Brasileiro S.A.-Petrobras's shareholder treatment is put at 1.2 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 12% of 78 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.4/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.5/10

Is it financially healthy right now?

ROE 13%: 13¢ of profit per shareholder dollar. Leverage 67%: owes 67¢ per asset dollar.

weight 45% of this tense · 45th percentile among 76 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Petroleo Brasileiro S.A.-Petrobras earned about 13 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 25 cents per dollar of everything the company owns. Leverage: it owed about 67 cents per dollar of assets (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 16% of its family
return on equitytop 29% of its family
gross profit against assetsbottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

7.1/10

How strong is its position in its industry?

top 29% of 76 in its family; net margin 8.3%.

weight 33% of this tense · 71st percentile among 76 sector filers · read for its customers

From the record

Petroleo Brasileiro S.A.-Petrobras' standing among 76 graded names in its industry family: revenue of $91 billion in fiscal 2024 ranks in the top 4% by size; a net margin of 8.3% ranks in the top 49%; revenue growth of 2.9% a year over the last 3 filed years ranks in the top 34% (its annual reports).

What it rests on

revenue against the family$91.42Btop 4% of its family
net margin8.3%top 49% of its family
three-year revenue growth2.9%top 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.7/10

What are the people in charge doing?

SI estimate 4.7/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 58 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-05 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 58 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-05 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 58 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Petroleo Brasileiro S.A.-Petrobras's leadership is put at 4.7 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-05 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 58 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.1/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

5.6/10

How much room does it have to grow?

top 44% of 74 in its family for room to expand.

weight 22% of this tense · 56th percentile among 74 sector filers · read for itself

From the record

Petroleo Brasileiro S.A.-Petrobras' room to grow, from the newest filed statements (fiscal 2024): cash of $3.3 billion against debt of $23 billion leaves -11% of its assets as net cash, top 46% of its family; cash from operations less capital spending is 41.6% of revenue (top 33%); a gross margin of 50.3% (bottom 38%); research spending of 0.9% of revenue (top 33%) (its annual report).

What it rests on

cash less debt against assets-11.0%top 46% of its family
cash from operations less capital spending against revenue41.6%top 33% of its family
gross margin50.3%bottom 38% of its family
research spending against revenue0.9%top 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

5.2/10

What could actually drive growth from here?

top 48% of 72 in its family for growth drivers.

weight 33% of this tense · 52nd percentile among 72 sector filers · read for its customers

From the record

Petroleo Brasileiro S.A.-Petrobras' growth drivers, from the filed years to fiscal 2024: revenue grew 2.9% a year over the last three filed years against -0.7% over all 10, speeding up (top 8% of its family); the newest year grew -10.7% (bottom 21%); research spending grew 11.9% a year (top 20%); capital spending grew -17.8% a year (bottom 15%) (its annual reports). Petroleo Brasileiro S.A.-Petrobras tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+3.6 points a yeartop 8% of its family
the newest year's revenue growth-10.7%bottom 21% of its family
three-year growth of research spending11.9%top 20% of its family
three-year growth of capital spending-17.8%bottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

2.7/10

Did its newest year beat what its own record pointed to?

bottom 27% of 69 in its family for expectations against reality.

weight 45% of this tense · 27th percentile among 69 sector filers · read for its shareholders

From the record

Petroleo Brasileiro S.A.-Petrobras' newest year against its own record: revenue of $91 billion in fiscal 2024 came in 19.2% below the $113 billion its prior three years' pace pointed to (bottom 14% of its family); net income of $7.6 billion against a prior three-year average of $27 billion (bottom 32%); a net margin of 8.3% against 25.9% before (bottom 33%) (its annual reports).

What it rests on

revenue against the prior three years' pace-19.2%bottom 14% of its family
net income against the prior three years' average-72%bottom 32% of its family
net margin against its prior average-17.6 pointsbottom 33% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PBR · research, not advice