Petrobras - Petroleo Brasileiro (PBR) Operating Expenses (2009 - 2026)
Petrobras - Petroleo Brasileiro (PBR) 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) Operating Expenses (2009 - 2026) Analysis & Trends
Petrobras - Petroleo Brasileiro (PBR) 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'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'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 | Sky Quarry | 10.63 Mn | 9.79 Mn | -389,218.00 | 1.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |