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Petrobras - Petroleo Brasileiro SA vs Shell

Shell is the larger business, with $266.89bn of revenue in fiscal 2025 against $89.19bn for Petrobras - Petroleo Brasileiro SA (3.0 times as much). Petrobras - Petroleo Brasileiro SA grew faster (-2.4% against -6.1%). Petrobras - Petroleo Brasileiro SA kept more of each dollar of sales as profit: a net margin of 22.0% against 6.7%. Petrobras - Petroleo Brasileiro SA carries less debt relative to equity (35.0% against 43.4%).

Latest fiscal yearPetrobras - Petroleo Brasileiro SAPBR, 2025ShellSHEL, 2025
Revenue $89.19bn $266.89bn
Revenue growth -2.4% -6.1%
Net income $19.63bn $17.84bn
Operating margin 29.3% —
Net margin 22.0% 6.7%
Return on equity 29.2% 10.1%
Free cash flow $36.05bn —
Cash $6.47bn $30.22bn
Total debt $26.44bn $75.64bn
Debt to equity 35.0% 43.4%
Dividend per share — —
Dividend yield — —
Share buybacks — $13.88bn
Employees — —
Market value $135.46bn $310.16bn
Price vs our value range — —
Moat score — —
Insider trades, 12 months 1 buys, 3 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.