How did Petrobras' revenue and expenses shift in Q4 2024 compared to previous quarters?

Petrobras experienced a significant decline in revenue and a substantial increase in net expenses in Q4 2024 compared to the previous quarter, Q3 2024.

1. **Revenue Shift**:
- In Q3 2024, Petrobras reported a total revenue of $23.37 billion.
- In Q4 2024, the total revenue dropped to $20.82 billion.
- This indicates a decrease of approximately 11% in revenue from Q3 to Q4 2024.
2. **Expense Shift**:
- Petrobras' net income in Q3 2024 was $5.89 billion.
- In Q4 2024, the company reported a net loss of $2.77 billion.
- This shift from a net income of $5.89 billion to a net loss of $2.77 billion represents a substantial increase in expenses relative to income.
3. **Insights into Q4 2024**:
- The significant drop in revenue and the substantial increase in net expenses, resulting in a net loss, suggest that Q4 2024 was a challenging period for Petrobras.
- Factors such as market conditions, operational efficiency, or strategic decisions likely contributed to this shift in financial performance.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|PBR|PBR.N|Brazilian Petroleum|2024 Q1|-34.803256445047495|4.805E9|169|
|PBR|PBR.N|Brazilian Petroleum|2024 Q2|-105.54702167605394|-3.25E8|169|
|PBR|PBR.N|Brazilian Petroleum|2024 Q3|7.421590080233406|5.891E9|169|
|PBR|PBR.N|Brazilian Petroleum|2024 Q4|-144.03056351480421|-2.766E9|169|

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|PBR|PBR.N|Brazilian Petroleum|2024 Q1|-11.217362070897613|2.3768E10|169|
|PBR|PBR.N|Brazilian Petroleum|2024 Q2|2.1236781409112666|2.3467E10|169|
|PBR|PBR.N|Brazilian Petroleum|2024 Q3|-8.555103318722605|2.3366E10|169|
|PBR|PBR.N|Brazilian Petroleum|2024 Q4|-23.211716530785406|2.0815E10|169|