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| Date | Value |
|---|---|
| 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 |