Quarterly ResultAug 7, 2026, 10:43 AM
PETROBRAS 2Q26 Net Income $10.4B; Record Production 3.34 MMboed
AI Summary
PETROBRAS reported robust second-quarter 2026 results, with net income reaching $10.4 billion and adjusted EBITDA at $18.6 billion, significantly up from the previous quarter and year-ago period. The company achieved new production records, including total oil and natural gas production of 3.34 MMboed and a refinery utilization factor of 101.2%. Operational efficiency improved by 3.1%, contributing to increased output, alongside strategic acquisitions and exploratory advances.
Key Highlights
- Net Income for 2Q26 was $10.4 billion, up from $6.2 billion in 1Q26.
- Adjusted EBITDA reached $18.6 billion in 2Q26, compared to $11.3 billion in 1Q26.
- Total oil and natural gas production hit a new record of 3.34 MMboed.
- Refinery Utilization Factor (FUT) achieved a record 101.2% in 2Q26.
- Operational efficiency increased by 3.1%, adding 70 thousand bpd year-over-year.
- Acquired work interest and operatorship in Block 3, São Tomé and Príncipe offshore.
- P-79 platform achieved first oil in May, with gas injection 56 days later.
- Early redeemed $670 million of 7.375% Global Notes due 2027.
Price Impact
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