Petroleo Brasileiro S.A.-Petrobras (PBR)

The company now

Petrobras, Brazil's state-controlled oil company, produced a record 3.34 million barrels of oil equivalent a day in the second quarter of 2026, up 14.1 percent from a year earlier 4. Its newest Búzios platform, P-79, started on 1 May, three months ahead of the company's own plan 4. Net income attributable to shareholders was $10.4 billion, against $4.7 billion a year earlier, with Brent crude averaging $104.52 a barrel 3.

The finance chief, Fernando Melgarejo, credited "operational records" and higher Brent prices for one of the company's best quarters on record 3. Brent had soared above $118 a barrel after war broke out in the Middle East in late February, Reuters reported 18. Brazil answered with fuel subsidies and a 12 percent tax on crude exports, and export taxes on crude and diesel took $965 million from Petrobras's quarter 193.

The open question is the owner: Lula, whose government holds the majority of Petrobras's voting shares and elects most of its board, won a fourth term on 25 October, NPR reported 201. The company publishes its third-quarter production report on 28 October and its financial results on 10 November 5.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.