Does Petrobras (Preferred) have more than one share class?

Yes. Petrobras has two: PETR3, the ordinary shares (ON), and PETR4, the preferred shares (PN), which carry priority on dividends. Each class has its own ADR, so PBR-A tracks the preferred line and PBR tracks the other.

Markets · Stocks & ETFs · ADR

Petrobras (Preferred) (NYSE: PBR-A)

$16.07-0.37%today

Brazilian ADR trading on the NYSE, priced in US dollars.

Market Cap: $110.02B
P/E (TTM): 4.1x
P/B: 1.2x
EPS (TTM): $3.96
Dividend Yield: 10.51%
52-Week Range: $10.76 – $20.05
Volume: 6.41M
Previous Close: $16.13

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

-0.37%

1 Week

-2.25%

1 Month

+0.44%

YTD

+42.59%

1 Year

+43.74%

5 Years

+62.00%

About Petrobras (Preferred)

US Ticker: PBR-A
B3 Ticker: PETR4
Exchange: NYSE
Currency: USD
Sector: Energy
Industry: Oil & Gas Integrated
Headquarters: Rio De Janeiro, RJ, Brazil
Employees: 43,199
CEO: Ms. Magda Maria de Regina Chambriard
Founded: 1953

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 gas liquids, and natural gas primarily for supplies to the domestic refineries.

Its Refining, Transportation and Marketing segment engages in the refining, logistics, transport, acquisition, and export of crude oil; trading of oil products; and production of fertilizers, as well as holding interests in petrochemical companies.

The Gas and Low Carbon Energies segment is involved in the logistic and trading of natural gas and electricity; transportation and trading of liquefied natural gas; generation of electricity through thermoelectric power plants; renewable energy business; low carbon business; and natural gas processing business, as well as production of biodiesel and its co-products.

It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

In addition, the company engages in research, development, production, transportation, distribution, and trading of energy.

Petróleo Brasileiro S.A. - Petrobras was incorporated in 1953 and is headquartered in Rio De Janeiro, Brazil.

petrobras.com.br

Analyst Ratings

Consensus of 10 Wall Street analysts · sourced from Yahoo Finance

1.6Buy

On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.

12-Month Price Target

Low

$18.60

Average

$21.54

High

$23.00

The average target is +34.02% above the current price of $16.07.

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from Petrobras (Preferred)'s income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Strong

Net Margin: 25.5%
ROE: 56.5%
Rev Growth (YoY): +131.30%
Net Debt / EBITDA: 0.56×
Current Ratio: 0.85×
Interest Coverage: 8.13×
Free Cash Flow: 18.86B
Payout Ratio: 13.8%

Income — Margins & Efficiency

Metric	Last 12MQ3'25 – Q2'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Revenue	$205,989,870,000	+131.3%	$89,058,891,000	-2.6%	$91,416,000,000	-13.4%	$105,541,835,883	-15.2%	$124,474,000,000	+48.2%	$83,966,000,000	+56.4%	$53,683,000,000	-29.9%	$76,589,000,000	-9.5%	$84,638,000,000	+8.7%	$77,884,000,000	-4.3%	$81,405,000,000	-16.3%	$97,314,000,000	-32.3%	$143,657,000,000	+1.6%	$141,462,000,000	-1.8%	$144,103,000,000	-1.2%	$145,915,000,000	+21.1%	$120,452,000,000	+31.1%	$91,869,000,000	-22.3%	$118,257,000,000	+34.8%	$87,735,000,000	+21.3%	$72,347,000,000
Gross profit	$101,949,125,000	+161.7%	$38,961,352,000	-15.2%	$45,972,000,000	-17.4%	$55,643,668,452	-14.4%	$64,988,000,000	+59.3%	$40,802,000,000	+66.6%	$24,488,000,000	-20.6%	$30,857,000,000	-4.9%	$32,454,000,000	+21.6%	$26,686,000,000	+2.7%	$25,988,000,000	-12.9%	$29,829,000,000	-12.7%	$34,180,000,000	+4.8%	$32,628,000,000	-8.9%	$35,827,000,000	-22.7%	$46,320,000,000	+7.0%	$43,307,000,000	+1.6%	$42,618,000,000	-6.1%	$45,392,000,000	+19.6%	$37,946,000,000	+18.0%	$32,163,000,000
Operating income	$68,492,846,000	+147.8%	$27,641,515,000	+7.6%	$25,691,000,000	-45.9%	$47,493,145,890	-10.8%	$53,265,000,000	+71.8%	$31,001,000,000	+54.6%	$20,050,000,000	-4.1%	$20,918,000,000	-8.1%	$22,773,000,000	+134.6%	$9,709,000,000	-38.1%	$15,692,000,000	+6.7%	$14,704,000,000	+2.8%	$14,299,000,000	-6.0%	$15,206,000,000	-13.9%	$17,652,000,000	-37.1%	$28,064,000,000	+1.1%	$27,762,000,000	+25.1%	$22,188,000,000	-14.0%	$25,813,000,000	+24.6%	$20,722,000,000	+4.3%	$19,865,000,000
EBITDA	$115,354,652,000	+168.2%	$43,016,316,000	+56.6%	$27,462,000,000	-46.1%	$50,917,317,727	-27.2%	$69,933,000,000	+55.8%	$44,897,000,000	+164.3%	$16,990,000,000	-49.3%	$33,523,000,000	+19.1%	$28,158,000,000	+37.3%	$20,501,000,000	+25.9%	$16,285,000,000	+135.1%	$6,928,000,000	-5.5%	$7,333,000,000	-74.0%	$28,168,000,000	+4.5%	$26,957,000,000	-28.5%	$37,722,000,000	+3.4%	$36,496,000,000	+19.5%	$30,544,000,000	-9.5%	$33,768,000,000	+32.3%	$25,520,000,000	+5.6%	$24,174,000,000
Net profit	$52,482,467,000	+166.2%	$19,712,564,000	+161.9%	$7,528,000,000	-70.7%	$25,686,133,044	-29.9%	$36,623,000,000	+84.3%	$19,875,000,000	+1641.9%	$1,141,000,000	-88.8%	$10,151,000,000	+41.5%	$7,173,000,000	+7982.4%	-$91,000,000	+98.1%	-$4,838,000,000	+42.7%	-$8,450,000,000	-14.7%	-$7,367,000,000	-166.4%	$11,094,000,000	+0.5%	$11,034,000,000	-45.2%	$20,121,000,000	+0.3%	$20,055,000,000	+29.4%	$15,504,000,000	-17.9%	$18,879,000,000	+43.7%	$13,138,000,000	+2.4%	$12,826,000,000
Gross margin	49.5%	+5.7 p.p.	43.7%	-6.5 p.p.	50.3%	-2.4 p.p.	52.7%	+0.5 p.p.	52.2%	+3.6 p.p.	48.6%	+3.0 p.p.	45.6%	+5.3 p.p.	40.3%	+1.9 p.p.	38.3%	+4.1 p.p.	34.3%	+2.3 p.p.	31.9%	+1.3 p.p.	30.7%	+6.9 p.p.	23.8%	+0.7 p.p.	23.1%	-1.8 p.p.	24.9%	-6.9 p.p.	31.7%	-4.2 p.p.	36.0%	-10.4 p.p.	46.4%	+8.0 p.p.	38.4%	-4.9 p.p.	43.3%	-1.2 p.p.	44.5%
Operating margin	33.3%	+2.2 p.p.	31.0%	+2.9 p.p.	28.1%	-16.9 p.p.	45.0%	+2.2 p.p.	42.8%	+5.9 p.p.	36.9%	-0.4 p.p.	37.3%	+10.0 p.p.	27.3%	+0.4 p.p.	26.9%	+14.4 p.p.	12.5%	-6.8 p.p.	19.3%	+4.2 p.p.	15.1%	+5.2 p.p.	10.0%	-0.8 p.p.	10.7%	-1.5 p.p.	12.2%	-7.0 p.p.	19.2%	-3.8 p.p.	23.0%	-1.1 p.p.	24.2%	+2.3 p.p.	21.8%	-1.8 p.p.	23.6%	-3.8 p.p.	27.5%
EBITDA margin	56.0%	+7.7 p.p.	48.3%	+18.3 p.p.	30.0%	-18.2 p.p.	48.2%	-7.9 p.p.	56.2%	+2.7 p.p.	53.5%	+21.8 p.p.	31.6%	-12.1 p.p.	43.8%	+10.5 p.p.	33.3%	+6.9 p.p.	26.3%	+6.3 p.p.	20.0%	+12.9 p.p.	7.1%	+2.0 p.p.	5.1%	-14.8 p.p.	19.9%	+1.2 p.p.	18.7%	-7.1 p.p.	25.9%	-4.4 p.p.	30.3%	-2.9 p.p.	33.2%	+4.7 p.p.	28.6%	-0.5 p.p.	29.1%	-4.3 p.p.	33.4%
Net margin	25.5%	+3.3 p.p.	22.1%	+13.9 p.p.	8.2%	-16.1 p.p.	24.3%	-5.1 p.p.	29.4%	+5.8 p.p.	23.7%	+21.5 p.p.	2.1%	-11.1 p.p.	13.3%	+4.8 p.p.	8.5%	+8.6 p.p.	-0.1%	+5.8 p.p.	-5.9%	+2.7 p.p.	-8.7%	-3.6 p.p.	-5.1%	-13.0 p.p.	7.8%	+0.2 p.p.	7.7%	-6.1 p.p.	13.8%	-2.9 p.p.	16.6%	-0.2 p.p.	16.9%	+0.9 p.p.	16.0%	+1.0 p.p.	15.0%	-2.8 p.p.	17.7%
Revenue growth (YoY)	131.3%	+133.9 p.p.	-2.6%	+10.8 p.p.	-13.4%	+1.8 p.p.	-15.2%	-63.5 p.p.	48.2%	-8.2 p.p.	56.4%	+86.3 p.p.	-29.9%	-20.4 p.p.	-9.5%	-18.2 p.p.	8.7%	+13.0 p.p.	-4.3%	+12.0 p.p.	-16.3%	+15.9 p.p.	-32.3%	-33.8 p.p.	1.6%	+3.4 p.p.	-1.8%	-0.6 p.p.	-1.2%	-22.4 p.p.	21.1%	-10.0 p.p.	31.1%	+53.4 p.p.	-22.3%	-57.1 p.p.	34.8%	+13.5 p.p.	21.3%	—	—
Effective tax rate	30.0%	+3.4 p.p.	26.6%	-5.2 p.p.	31.7%	+2.3 p.p.	29.5%	-1.9 p.p.	31.3%	+2.1 p.p.	29.2%	-490.3 p.p.	519.5%	+484.5 p.p.	35.0%	-4.3 p.p.	39.3%	-73.3 p.p.	112.6%	+131.3 p.p.	-18.7%	-30.3 p.p.	11.7%	-3.3 p.p.	15.0%	-4.3 p.p.	19.2%	-5.4 p.p.	24.6%	-0.6 p.p.	25.2%	+0.2 p.p.	25.0%	+1.3 p.p.	23.7%	-10.6 p.p.	34.3%	+3.8 p.p.	30.5%	+0.8 p.p.	29.7%
Interest coverage	8.13×	-96.2%	213.71×	+4432.6%	4.71×	-65.8%	13.78×	-30.5%	19.84×	+96.1%	10.12×	+668.2%	1.32×	-61.8%	3.45×	-7.6%	3.73×	+175.2%	1.36×	+251.7%	0.39×	+142.3%	-0.91×	+49.8%	-1.82×	-119.0%	9.58×	-18.4%	11.74×	-79.7%	57.98×	+74.2%	33.29×	+8.2%	30.78×	+100.1%	15.38×	-11.4%	17.35×	+16.6%	14.88×

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ3'25 – Q2'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019	Δ	2018	Δ	2017	Δ	2016	Δ	2015	Δ	2014	Δ	2013	Δ	2012	Δ	2011	Δ	2010	Δ	2009	Δ	2008	Δ	2007	Δ	2006
Net debt	$64,323,000,000	+1.6%	$63,322,000,000	+11.0%	$57,040,000,000	+14.4%	$49,873,000,000	+8.6%	$45,906,781,941	-4.9%	$48,266,809,522	-24.4%	$63,820,050,297	+14.2%	$55,888,000,000	-20.5%	$70,276,000,000	-18.8%	$86,527,000,000	-10.7%	$96,921,000,000	-4.1%	$101,107,000,000	-12.4%	$115,431,000,000	+17.3%	$98,368,000,000	+19.3%	$82,443,000,000	+29.4%	$63,728,000,000	+23.2%	$51,713,000,000	+25.2%	$41,303,000,000	+106.2%	$20,029,000,000	+153.8%	$7,892,000,000	+546.4%	$1,221,000,000
Net Debt / Equity	0.69×	-17.4%	0.84×	-12.8%	0.96×	+52.2%	0.63×	-3.9%	0.66×	-4.9%	0.69×	-35.1%	1.07×	+41.5%	0.75×	-21.6%	0.96×	-9.5%	1.06×	-15.1%	1.25×	-18.3%	1.53×	+55.1%	0.99×	+49.6%	0.66×	+29.5%	0.51×	+37.9%	0.37×	+32.8%	0.28×	-35.8%	0.43×	+35.2%	0.32×	+173.8%	0.12×	+342.9%	0.03×
Net Debt / EBITDA	0.56×	-62.1%	1.47×	-29.1%	2.08×	+112.1%	0.98×	+49.2%	0.66×	-38.9%	1.08×	-71.4%	3.76×	+125.3%	1.67×	-33.2%	2.50×	-40.9%	4.22×	-29.1%	5.95×	-59.2%	14.59×	-7.3%	15.74×	+350.8%	3.49×	+14.2%	3.06×	+81.0%	1.69×	+19.2%	1.42×	+4.8%	1.35×	+128.0%	0.59×	+91.8%	0.31×	+512.3%	0.05×
Debt / Equity	0.76×	-17.5%	0.92×	-9.1%	1.02×	+28.2%	0.79×	+2.9%	0.77×	-8.4%	0.84×	-33.3%	1.26×	+48.0%	0.85×	-25.9%	1.15×	-14.0%	1.34×	-12.2%	1.52×	-20.3%	1.91×	+69.2%	1.13×	+47.4%	0.77×	+29.2%	0.59×	+23.6%	0.48×	+28.6%	0.37×	-38.1%	0.60×	+42.1%	0.42×	+92.4%	0.22×	-26.7%	0.30×
Current ratio	0.85×	+21.0%	0.71×	+1.7%	0.69×	-27.6%	0.96×	-3.8%	1.00×	-20.1%	1.25×	+19.4%	1.04×	+8.2%	0.97×	-34.8%	1.48×	-21.7%	1.89×	+5.1%	1.80×	+19.0%	1.51×	-7.5%	1.63×	+9.3%	1.49×	-11.9%	1.70×	-4.5%	1.78×	-6.2%	1.89×	+37.5%	1.38×	+27.4%	1.08×	-9.2%	1.19×	-15.5%	1.41×
Return on equity (ROE)	56.5%	+30.4 p.p.	26.1%	+13.4 p.p.	12.7%	-19.8 p.p.	32.5%	-19.9 p.p.	52.4%	+24.0 p.p.	28.5%	+26.6 p.p.	1.9%	-11.8 p.p.	13.7%	+3.9 p.p.	9.8%	+9.9 p.p.	-0.1%	+6.1 p.p.	-6.2%	+6.6 p.p.	-12.8%	-6.5 p.p.	-6.3%	-13.7 p.p.	7.4%	+0.6 p.p.	6.8%	-4.8 p.p.	11.7%	+0.9 p.p.	10.8%	-5.5 p.p.	16.2%	-13.9 p.p.	30.2%	+10.7 p.p.	19.5%	-8.3 p.p.	27.7%
Return on assets (ROA)	21.2%	+12.4 p.p.	8.9%	+4.7 p.p.	4.1%	-7.7 p.p.	11.8%	-7.7 p.p.	19.6%	+8.2 p.p.	11.4%	+10.8 p.p.	0.6%	-3.8 p.p.	4.4%	+1.2 p.p.	3.2%	+3.3 p.p.	-0.0%	+1.9 p.p.	-2.0%	+1.7 p.p.	-3.7%	-1.2 p.p.	-2.5%	-5.9 p.p.	3.5%	+0.1 p.p.	3.4%	-3.0 p.p.	6.4%	-0.1 p.p.	6.5%	-1.3 p.p.	7.7%	-7.3 p.p.	15.0%	+4.9 p.p.	10.1%	-2.9 p.p.	13.0%
Book value / share	$14.43	+23.1%	$11.73	+27.4%	$9.20	-24.1%	$12.13	+13.3%	$10.71	+0.0%	$10.70	+16.6%	$9.18	-19.3%	$11.38	+1.4%	$11.22	-10.2%	$12.50	+5.1%	$11.89	+17.4%	$10.13	-43.5%	$17.94	-21.6%	$22.86	-7.9%	$24.82	-6.1%	$26.42	-29.9%	$37.67	+92.9%	$19.53	+52.5%	$12.80	-16.8%	$15.39	+45.9%	$10.55

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

This year (YTD) $0.27/share · yield 1.66%

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

Petrobras (Preferred) trades on 4 exchanges. Prices on this page are the NYSE ADR (PBR-A). Its other share class is listed below.

Exchange	Ticker	Currency
NYSEpriced here	PBR-A	USD
B3 (São Paulo)	PETR4	BRL
Frankfurt	PJX	EUR
Mexico (BMV)	PBRA	MXN

Other share class

Exchange	Ticker	Currency
NYSE — Common	PBR	USD
B3 (São Paulo)	PETR3	BRL

Frequently Asked Questions

Why hold Petrobras (Preferred) PBR-A ADR instead of local B3 PETR4 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is Petrobras (Preferred) listed?

Petrobras (Preferred) trades on 4 exchanges. The line quoted on this page is NYSE in the United States (PBR-A, US dollars). It also trades on B3 (São Paulo) in Brazil (PETR4, Brazilian reais), Frankfurt in Germany (PJX, euros) and Mexico (BMV) in Mexico (PBRA, Mexican pesos).

On how many exchanges does Petrobras (Preferred) trade?

4. NYSE — PBR-A (USD) · B3 (São Paulo) — PETR4 (BRL) · Frankfurt — PJX (EUR) · Mexico (BMV) — PBRA (MXN). Prices shown on this page are the NYSE line, PBR-A.

What is Petrobras (Preferred)'s primary listing?

Petrobras (Preferred)'s primary listing is on the B3 in Brazil, where the shares trade as PETR4 in reais — the company's home market. The NYSE line quoted on this page is an ADR over those same shares: it gives you the asset in US dollars, on US market hours, without opening a Brazilian brokerage account or trading in reais.

What is the difference between common and preferred shares?

Petrobras common shares (ON — ticker on B3: PETR3) grant voting rights at Shareholders' Meetings.

Petrobras preferred shares (PN — ticker on B3: PETR4) do not grant voting rights, except under the conditions established by the company bylaws.

What is the difference between PBR-A and PETR4?

They are the same company and, economically, the same asset. PETR4 is the original Brazilian share, listed on the B3 and quoted in reais. PBR-A is an American Depositary Receipt over that share, listed on the NYSE and quoted in US dollars — a wrapper whose purpose is to give foreign investors access to the Brazilian asset without opening an account in Brazil. The PBR-A price therefore tracks two things: PETR4 in reais, and the USD/BRL exchange rate.

How can I buy Petrobras (Preferred) stock in Europe?

Petrobras (Preferred) trades in euros on one European venue: Frankfurt in Germany (PJX). A European broker with access to that market can buy it in EUR, with no currency conversion on your side. The price shown on this page is the NYSE line (PBR-A), quoted in US dollars.

How can I buy Petrobras (Preferred) stock in the United States?

Petrobras (Preferred) is listed on the NYSE under PBR-A, priced in US dollars. Any US brokerage offering NYSE-listed securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: August 14, 2026

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