Petroleo Historical Income Statement

PBR Stock  USD 14.15  0.75  5.03%   
Historical analysis of Petroleo Brasileiro income statement accounts such as Other Operating Expenses of 73.5 B, Operating Income of 23.9 B, EBIT of 25.3 B or Research Development of 934.3 M can show how well Petroleo Brasileiro Petrobras performed in making a profits. Evaluating Petroleo Brasileiro income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Petroleo Brasileiro's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Petroleo Brasileiro latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Petroleo Brasileiro is a good buy for the upcoming year.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Petroleo Brasileiro Petrobras. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

About Petroleo Income Statement Analysis

Petroleo Brasileiro Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Petroleo Brasileiro shareholders. The income statement also shows Petroleo investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Petroleo Brasileiro Income Statement Chart

At this time, Petroleo Brasileiro's Net Income Applicable To Common Shares is relatively stable compared to the past year. As of 11/24/2024, Net Income From Continuing Ops is likely to grow to about 28.3 B, while Interest Expense is likely to drop slightly above 2.6 B.

Total Revenue

Total revenue comprises all receipts Petroleo Brasileiro generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Petroleo Brasileiro Petrobras minus its cost of goods sold. It is profit before Petroleo Brasileiro operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Petroleo Brasileiro. It is also known as Petroleo Brasileiro overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Petroleo Brasileiro operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Petroleo Brasileiro Petrobras is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Petroleo Brasileiro income statement and is an important metric when analyzing Petroleo Brasileiro profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Net Income Applicable To Common Shares

The net income that remains after preferred dividends have been deducted, available to common shareholders.
Most accounts from Petroleo Brasileiro's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Petroleo Brasileiro current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Petroleo Brasileiro Petrobras. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
At this time, Petroleo Brasileiro's Net Income Applicable To Common Shares is relatively stable compared to the past year. As of 11/24/2024, Net Income From Continuing Ops is likely to grow to about 28.3 B, while Interest Expense is likely to drop slightly above 2.6 B.
 2021 2022 2023 2024 (projected)
Gross Profit40.8B65.0B54.1B36.1B
Total Revenue84.0B124.5B102.5B95.6B

Petroleo Brasileiro income statement Correlations

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-0.43-0.27-0.09-0.30.010.19-0.250.02-0.32-0.22-0.25-0.41-0.29-0.17-0.110.53-0.6-0.510.130.080.020.02
0.69-0.270.790.960.50.450.850.650.960.340.440.10.460.380.66-0.120.290.14-0.030.08-0.060.18
0.64-0.090.790.610.910.810.710.950.60.420.810.270.80.790.2-0.270.10.450.43-0.060.380.03
0.62-0.30.960.610.260.250.810.441.00.290.220.00.250.150.77-0.030.34-0.02-0.240.12-0.240.22
0.490.010.50.910.260.860.520.950.260.280.870.330.860.87-0.1-0.320.030.540.63-0.070.55-0.09
0.120.190.450.810.250.860.460.940.240.230.760.420.720.810.1-0.02-0.090.410.670.050.490.16
0.53-0.250.850.710.810.520.460.590.80.280.440.130.460.350.53-0.070.570.19-0.160.06-0.140.11
0.450.020.650.950.440.950.940.590.430.320.820.350.80.840.13-0.230.030.460.590.010.450.12
0.62-0.320.960.61.00.260.240.80.430.270.230.020.250.160.77-0.040.330.0-0.230.13-0.240.22
0.33-0.220.340.420.290.280.230.280.320.270.470.150.470.47-0.13-0.320.010.31-0.03-0.570.37-0.37
0.41-0.250.440.810.220.870.760.440.820.230.470.641.00.98-0.19-0.39-0.020.820.61-0.150.6-0.23
-0.07-0.410.10.270.00.330.420.130.350.020.150.640.640.61-0.03-0.10.00.80.30.20.33-0.02
0.44-0.290.460.80.250.860.720.460.80.250.471.00.640.96-0.18-0.40.020.830.57-0.160.58-0.24
0.32-0.170.380.790.150.870.810.350.840.160.470.980.610.96-0.21-0.38-0.110.770.7-0.150.67-0.21
0.13-0.110.660.20.77-0.10.10.530.130.77-0.13-0.19-0.03-0.18-0.210.360.25-0.32-0.360.44-0.320.42
-0.620.53-0.12-0.27-0.03-0.32-0.02-0.07-0.23-0.04-0.32-0.39-0.1-0.4-0.380.36-0.22-0.5-0.120.07-0.120.15
0.3-0.60.290.10.340.03-0.090.570.030.330.01-0.020.00.02-0.110.25-0.220.03-0.410.06-0.380.26
0.27-0.510.140.45-0.020.540.410.190.460.00.310.820.80.830.77-0.32-0.50.030.45-0.140.48-0.18
-0.030.13-0.030.43-0.240.630.67-0.160.59-0.23-0.030.610.30.570.7-0.36-0.12-0.410.45-0.150.66-0.04
-0.080.080.08-0.060.12-0.070.050.060.010.13-0.57-0.150.2-0.16-0.150.440.070.06-0.14-0.15-0.330.32
0.040.02-0.060.38-0.240.550.49-0.140.45-0.240.370.60.330.580.67-0.32-0.12-0.380.480.66-0.33-0.51
-0.090.020.180.030.22-0.090.160.110.120.22-0.37-0.23-0.02-0.24-0.210.420.150.26-0.18-0.040.32-0.51
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Petroleo Brasileiro Account Relationship Matchups

Petroleo Brasileiro income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization171.9K10.0B10.7B11.9B12.3B6.9B
Interest Expense6.7B5.8B5.0B3.3B3.6B2.6B
Total Revenue76.6B53.7B84.0B124.5B102.5B95.6B
Gross Profit30.9B24.5B40.8B65.0B54.1B36.1B
Other Operating Expenses56.6B37.2B51.6B68.9B62.1B73.5B
Operating Income20.6B19.3B35.9B57.1B40.4B23.9B
Ebit36.2B4.9B29.8B58.1B38.9B25.3B
Research Development576M355M563M792M726M934.3M
Ebitda36.2B14.8B40.5B70.1B51.2B32.2B
Cost Of Revenue45.7B29.2B43.2B59.5B48.4B59.5B
Total Operating Expenses10.8B8.0B8.4B9.4B54.0B56.7B
Income Before Tax12.0B(226M)28.2B53.5B35.4B37.2B
Total Other Income Expense Net(8.6B)(19.5B)(2.8B)(3.6B)(5.0B)(5.2B)
Net Income7.8B1.1B19.9B36.6B24.9B26.2B
Income Tax Expense4.2B(1.2B)8.2B16.8B10.8B11.3B
Selling General Administrative4.0B551M3.0B2.4B1.6B1.6B
Net Income Applicable To Common Shares40.1B7.1B19.9B188.3B216.6B227.4B
Minority Interest3.6B2.7B(111M)(132M)(119M)(113.1M)
Selling And Marketing Expenses4.5B4.9B4.2B4.0B5.2B4.0B
Net Income From Continuing Ops7.8B948M20.0B36.8B27.0B28.3B
Tax Provision16.4B(1.2B)8.2B86.0B11.4B16.9B
Interest Income29.4B79M59.4B19.1B519M493.1M
Net Interest Income(6.3B)(5.7B)(4.6B)(2.8B)(3.4B)(3.5B)
Reconciled Depreciation14.8B11.4B11.7B13.2B13.0B10.2B

Pair Trading with Petroleo Brasileiro

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Petroleo Brasileiro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Petroleo Brasileiro will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Petroleo Brasileiro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petroleo Brasileiro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Petroleo Brasileiro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Petroleo Brasileiro Petrobras to buy it.
The correlation of Petroleo Brasileiro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Petroleo Brasileiro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petroleo Brasileiro moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Petroleo Brasileiro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Petroleo Stock Analysis

When running Petroleo Brasileiro's price analysis, check to measure Petroleo Brasileiro's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Petroleo Brasileiro is operating at the current time. Most of Petroleo Brasileiro's value examination focuses on studying past and present price action to predict the probability of Petroleo Brasileiro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petroleo Brasileiro's price. Additionally, you may evaluate how the addition of Petroleo Brasileiro to your portfolios can decrease your overall portfolio volatility.