Petrobras (PETR4) paid, in the first half of 2026, BRL 161 billion in taxes and government take, on a cash basis. The amount is composed of BRL 106.1 billion in own taxes, BRL 37.2 billion in government take (PGOV) and BRL 17.7 billion in taxes withheld from third parties.
Of this total, BRL 61.5 billion correspond to federal taxes which, added to the BRL 37.2 billion in government take, result in BRL 98.7 billion allocated to the Federal Government, equivalent to about 6.1% of federal revenues. Compared to the first half of 2025, there was a 28% increase, driven by higher collection of income tax, royalties and export tax.
At the state level, collections totaled BRL 61.1 billion, about 13.8% of total revenues collected by state governments, up 14% compared with 1H25, driven by higher ICMS collections on sales of products subject to the single-phase tax regime. Municipal taxes totaled approximately BRL 1.2 billion, an increase of 17.5% over the same period of the previous year, influenced by the contracting of services.
Of the BRL 37.2 billion in government take in 1H26, BRL 25.7 billion refer to royalties, BRL 10.6 billion to special participation, BRL 0.7 billion to signature bonuses and around BRL 0.2 billion to area occupation or retention fees. Compared to 1H25, there was a 17% increase, mainly due to the growth in royalty revenues, associated with higher production and the appreciation of oil prices.
In March 2026, Provisional Measure No. 1,340 came into force, which instituted the levy of export tax on crude oil, bituminous minerals and road diesel, starting March 12. By June 2026, Petrobras had paid BRL 2.5 billion of this tax. Over the last four quarters, the company paid BRL 306.7 billion in taxes and government take.
