B3 — Séries Históricas de Cotações (COTAHIST anual), arquivos de 2012 a 2019

Issuer: B3 S.A. — Brasil, Bolsa, Balcão
Date: December 30, 2019
Type: Database · primary source
Access: full text examined · accessed on Oct. 24, 2026
Original: bvmf.bmfbovespa.com.br/InstDados/SerHist/COTAHIST_A2014.ZIP
Note: One file per year (COTAHIST_A2012.ZIP … COTAHIST_A2019.ZIP, 12 to 27 MB each) in the same directory as the URL indicated. Nominal prices, not adjusted for dividends.

What we extracted from this document (1)

Calculated as shares outstanding (cover of the 20-Fs) × closing price of PETR3/PETR4 on the last trading day of the year (B3), Petrobras's market value was R$254.9 billion (December 28, 2012), R$214.7 billion (December 30, 2013), R$127.5 billion (December 30, 2014), R$101.3 billion (December 30, 2015), R$209.4 billion (December 29, 2016), R$216.0 billion (December 28, 2017), R$316.1 billion (December 28, 2018), and R$407.2 billion (December 30, 2019); in dollars, US$124.7 billion, 91.6, 48.0, 25.9, 64.2, 65.3, 81.6, and 101.0 billion.

Study estimateEstimate

Source: B3 — Séries Históricas de Cotações (COTAHIST anual), arquivos de 2012 a 2019 — B3 S.A. — Brasil, Bolsa, Balcão, Dec. 30, 2019 · calculation in series/valor_mercado_petrobras.csv (scripts/petr_fechamento_b3.py and gera_valor_mercado.py) · open original ↗

Database (primary) · full text examined · accessed on Oct. 24, 2026

Limitations: Calculation from this research, reproducible; nominal prices without adjustment for dividends; ignores treasury shares. Cross-check: the 2019 20-F reports US$101.1 billion. The measure shows share prices, not money withdrawn from Petrobras's cash nor a causal effect of the operation.