Earnings ·
Petrobras reported record 2Q26 operational performance, achieving total oil and natural gas production of 3.34 million…
PBR-APetrobras - Petroleo Brasileiro SA
Petrobras reported record 2Q26 operational performance, achieving total oil and natural gas production of 3.34 million barrels of oil equivalent per day (MMboed). Net income reached $12.3 billion, up from $8.4 billion in 1Q26, driven by strong cash flow of $10.4 billion and adjusted EBITDA of $20.0 billion. The company accelerated debt reduction through the early redemption of US$670 million in Global Notes due 2027. Operational milestones included the start-up of P-79 platform in Búzios, a refinery utilization factor record of 101.2%, and significant acquisitions including operatorship in Block 3 (São Tomé and Príncipe) and interests in Argonauta and Itaimbezinho fields. Petrobras operates in the integrated oil and gas industry.