Net Financial Results (Tables)

12 Months Ended

Dec. 31, 2025

Text Block1 [Abstract]

Detailed Information about Financial Results


		2025						2024						2023
Financial income
Interest on cash and cash equivalents and investments in financial assets			31						45						221
Interest on trade receivables			48						75						98
Other financial income			26						14						15

Total financial income			105						134						334


Financial costs
Loan interest			(677)						(670)						(686)
Hydrocarbon well abandonment provision financial accretion			(257)			(1)			(342)			(1)			(259)
Other financial costs			(153)						(157)						(204)

Total financial costs			(1,087)						(1,169)						(1,149)


Other financial results
Exchange differences generated by loans			3						17						145
Exchange differences generated by cash and cash equivalents and investments in financial assets			(63)						(31)						(294)
Other exchange differences, net			20						(77)			(4)			73			(4)
Result on financial assets at fair value through profit or loss			132						232						289
Result from derivative financial instruments			1						(1)						7
Result from net monetary position			(63)						39						37
Export Increase Program (3)			-						3						22
Result from transactions with financial assets			-						(3)						32			(2)

Total other financial results			30						179						311



Total net financial results			(952)						(856)						(504)

(1)	Includes 173 and 215 for the fiscal years ended December 31, 2025 and 2024, respectively, corresponding to the financial accretion of liabilities directly associated with assets held for sale, see Notes 2.b.13) and 11.a).

(2)	Includes 19 corresponding to the adjustment for inflation of the fiscal year and (41) corresponding to the effect of the translation.

(3)	See Note 35.j).

(4)	See Note 2.d).