Petrobras - Petroleo Brasileiro (PBR-A) Operating Expenses (2009 - 2026)

Petrobras - Petroleo Brasileiro's (PBR-A) quarterly Operating Expenses came in at -$3.5 billion in Q1 2026, down 12.69% year-on-year from -$4.0 billion in Q1 2025, and down 7.74% quarter-over-quarter from -$3.2 billion in Q3 2025.

Petrobras - Petroleo Brasileiro (PBR-A) Operating Expenses (2009 - 2026) Analysis & Trends

Petrobras - Petroleo Brasileiro has disclosed Operating Expenses across 18 years of filings, most recently posting -$3.5 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$3.5 billion, down 12.69% year-over-year; the trailing twelve-month figure through Mar 2026 was -$6.7 billion (up 69.21% YoY), and the FY2025 annual result was -$2.8 billion, down 14.4% from the prior year.
  • Operating Expenses came in at -$3.5 billion for Q1 2026 at Petrobras - Petroleo Brasileiro, down from -$3.2 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$505.0 million in Q1 2022 to a low of -$11.2 billion in Q3 2024.
  • The 5-year median for Operating Expenses is -$2.3 billion (2022), against an average of -$2.8 billion.
  • Across the five-year window, Operating Expenses slumped 810.38% in 2024 and jumped 71.14% in 2025, its largest moves.
  • Petrobras - Petroleo Brasileiro's Operating Expenses stood at -$2.1 billion in 2022, then gained by 22.22% to -$1.7 billion in 2023, then slumped by 48.03% to -$2.4 billion in 2024, then sank by 32.59% to -$3.2 billion in 2025, then dropped by 7.74% to -$3.5 billion in 2026.
  • The last three Operating Expenses figures came in at -$3.5 billion (Q1 2026), -$3.2 billion (Q3 2025), and -$3.1 billion (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Petrobras - Petroleo Brasileiro 1,901.04 Bn 1,894.28 Bn 11.34 Bn -3.49 Bn
2 Exxon Mobil 629.96 Bn 628.14 Bn - 78.17 Bn
3 TotalEnergies SE 621.59 Bn 621.59 Bn 26,816.00 -5,222.00
4 Shell 546.31 Bn 505.07 Bn - -
5 Chevron 370.90 Bn 376.56 Bn 20.34 Bn 7.68 Bn
6 Cenovus Energy 354.37 Bn 352.41 Bn 6.46 Bn 1.08 Bn
7 Eni Spa 252.26 Bn 242.70 Bn - -
8 Bp 196.12 Bn 159.56 Bn - 44.00 Mn
9 Suncor Energy 57.67 Bn 55.06 Bn 7.44 Bn 1.27 Bn
10 Petrobras - Petroleo Brasileiro - - 11.34 Bn -3.49 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 -3.49 Bn
Sep 30, 2025 -3.24 Bn
Mar 31, 2025 -3.10 Bn
Dec 31, 2024 -2.45 Bn
Sep 30, 2024 -11.23 Bn
Jun 30, 2024 -5.10 Bn
Mar 31, 2024 -3.28 Bn
Sep 30, 2023 -1.65 Bn
Jun 30, 2023 -560.00 Mn
Mar 31, 2023 -511.00 Mn
Dec 31, 2022 -2.12 Bn
Sep 30, 2022 -1.14 Bn
Jun 30, 2022 -543.00 Mn
Mar 31, 2022 -505.00 Mn
Dec 31, 2021 -869.00 Mn
Sep 30, 2021 -1.29 Bn
Jun 30, 2021 -407.00 Mn
Mar 31, 2021 -390.00 Mn
Dec 31, 2020 -434.00 Mn
Sep 30, 2020 -564.00 Mn