(WO) — Petrobras reported file oil manufacturing through the second quarter of 2026, serving to drive web revenue to R$52.4 billion (US$10.4 billion) as the corporate continued to ramp up output from its offshore pre-salt developments and advance main E&P tasks.
The Brazilian operator mentioned complete oil and pure fuel manufacturing reached a file 3.34 MMboed, whereas Petrobras-operated manufacturing climbed to 4.87 MMboed. Operated pre-salt manufacturing additionally reached a file 2.78 MMboed, supported by improved working effectivity and the continued startup of recent offshore developments.
Petrobras-operated oil manufacturing in Brazil averaged 2.7 MMbpd, up 15% from the second quarter of 2025, serving to enhance crude exports to almost 1 MMbpd through the interval.
“The operational information we achieved within the second quarter led us to one of many highest quarterly monetary ends in Petrobras’ historical past,” mentioned Chief Monetary Officer Fernando Melgarejo. “The rise in oil output, mixed with greater Brent costs, strengthened our money technology.”
The corporate invested R$26.7 billion (US$5.3 billion) through the quarter, with 82% of capital directed towards exploration and manufacturing tasks supporting future output development.
Petrobras continued advancing a number of main offshore developments through the quarter. The P-79 FPSO achieved first oil in Could and reached fuel injection simply 56 days later, whereas building progressed on the P-80, P-82 and P-83 FPSOs for the Búzios discipline, all scheduled to start operations in 2027. The corporate additionally executed contracts for the P-81 and P-87 FPSOs supporting the Sergipe-Alagoas Deep Waters (SEAP) I and II tasks.
The corporate additionally expanded its upstream portfolio via the acquisition of operatorship in Block 3 offshore São Tomé and Príncipe, a 100% curiosity in a part of the Argonauta discipline within the Campos basin, and a 50% curiosity within the offshore Itaimbezinho Block.
Gross debt ended the quarter at US$70.8 billion, beneath the ceiling established in Petrobras’ 2026–2030 Enterprise Plan, whereas shareholders permitted R$17.4 billion in dividends and curiosity on fairness.
