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

Petrobras - Petroleo Brasileiro (PBR-A) posted Operating Expenses of -$3.5 billion for Q1 2026, down 7.74% sequentially from -$3.2 billion in Q3 2025, and down 12.69% YoY from -$4.0 billion in Q1 2025.

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

Petrobras - Petroleo Brasileiro (PBR-A) has 18 years of Operating Expenses data on file, last reported at -$3.5 billion in Q1 2026.

  • Quarterly Operating Expenses fell 12.69% year-over-year to -$3.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$11.4 billion (down 7.87% YoY) and the FY2025 annual result came in at -$2.8 billion, down 14.4% from the prior year.
  • Operating Expenses slipped to -$3.5 billion in Q1 2026 per PBR-A's latest filing, from -$3.2 billion in the prior quarter.
  • The five-year high for Operating Expenses was $94.0 million in Q2 2022, with the low at -$5.0 billion in Q2 2024.
  • Average Operating Expenses over 5 years is -$2.4 billion, with a median of -$2.8 billion recorded in 2024.
  • Year-over-year, Operating Expenses jumped 104.87% in 2022 and tumbled 3460.64% in 2023.
  • Petrobras - Petroleo Brasileiro's Operating Expenses stood at -$2.1 billion in 2022, then jumped by 72.65% to -$581.0 million in 2023, then tumbled by 320.91% to -$2.4 billion in 2024, then slumped by 32.59% to -$3.2 billion in 2025, then retreated by 7.74% to -$3.5 billion in 2026.
  • Business Quant data shows PBR-A's Operating Expenses at -$3.5 billion in Q1 2026, -$3.2 billion in Q3 2025, and -$4.7 billion in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Exxon Mobil 6,326.01 Bn 6,324.19 Bn - 78.17 Bn
2 Petrobras - Petroleo Brasileiro 3,284.86 Bn 3,284.86 Bn 11.34 Bn -3.49 Bn
3 Bp 558.99 Bn 524.30 Bn 51.83 Bn 44.00 Mn
4 TotalEnergies SE 523.98 Bn 523.98 Bn 26,816.00 -5,222.00
5 Chevron 328.11 Bn 333.77 Bn 20.34 Bn 7.68 Bn
6 Equinor Asa 77.88 Bn 70.78 Bn - -19.06 Bn
7 National Fuel Gas 7.37 Bn 7.34 Bn 650.52 Mn 511.24 Mn
8 Diversified Energy 1.02 Bn 860.11 Mn -3.35 Mn 277.71 Mn
9 Stabilis Solutions 74.76 Mn 64.12 Mn 367,000.00 14.66 Mn
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
Jun 30, 2025 -4.66 Bn
Mar 31, 2025 -3.10 Bn
Dec 31, 2024 -2.45 Bn
Sep 30, 2024 -3.60 Bn
Jun 30, 2024 -5.02 Bn
Mar 31, 2024 -3.28 Bn
Jun 30, 2023 -3.16 Bn
Mar 31, 2023 -511.00 Mn
Sep 30, 2022 -947.00 Mn
Jun 30, 2022 94.00 Mn
Jun 30, 2021 -1.93 Bn
Sep 30, 2019 -654.19 Mn
Jun 30, 2019 -838.67 Mn
Mar 31, 2019 -703.41 Mn
Dec 31, 2018 -1.12 Bn
Sep 30, 2018 -1.59 Bn
Jun 30, 2018 -1.15 Bn
Dec 31, 2017 -880.23 Mn