v3.26.1
Consolidated statements of comprehensive income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net income      
Revenues $ 18,448 $ 19,293 $ 17,311
Costs (13,348) (13,910) (13,853)
Gross profit 5,100 5,383 3,458
Selling expenses (2,088) (2,132) (1,804)
Administrative expenses (830) (836) (705)
Exploration expenses (116) (239) (61)
Reversal / (Impairment) of property, plant and equipment and inventories write-down 4 (87) (2,288)
Other net operating results (330) (609) 152
Operating profit / (loss) 1,740 1,480 (1,248)
Income from equity interests in associates and joint ventures 122 396 94
Financial income 105 134 334
Financial costs (1,087) (1,169) (1,149)
Other financial results 30 179 311
Net financial results (952) (856) (504)
Net profit / (loss) before income tax 910 1,020 [1] (1,658) [1]
Income tax (1,709) 1,373 381
Net (loss) / profit for the year (799) 2,393 (1,277)
Items that may be reclassified subsequently to profit or loss:      
Translation effect from subsidiaries, associates and joint ventures (258) (103) (442)
Result from net monetary position in subsidiaries, associates and joint ventures [2] 190 527 221
Gains / (losses) reclassified to profit or loss due to the acquisition and/or disposal of subsidiaries, associates and joint ventures 46    
Other comprehensive income for the year (22) 424 (221)
Total comprehensive income for the year (821) 2,817 (1,498)
Net (loss) / profit for the year attributable to:      
Shareholders of the parent company (826) 2,348 (1,312)
Non-controlling interest 27 45 35
Other comprehensive income for the year attributable to:      
Shareholders of the parent company (7) 353 (190)
Non-controlling interest (15) 71 (31)
Total comprehensive income for the year attributable to:      
Shareholders of the parent company (833) 2,701 (1,502)
Non-controlling interest $ 12 $ 116 $ 4
Earnings per share attributable to shareholders of the parent company:      
Basic $ (2.11) $ 5.99 $ (3.35)
Diluted $ (2.11) $ 5.99 $ (3.35)
[1] See Note 2.d).
[2] Results generated by subsidiaries, associates and joint ventures with the peso as functional currency, see Note 2.b.1).