Petrobras reports BRL 52.4B net income in second quarter
Petrobras reported net income of BRL 52.4 billion (USD 10.4 billion) in the second quarter of 2026, up 97 percent from the same period in 2025. This is one of the highest quarterly results on record. According to the company, the results were driven by record oil production of 2.7 million barrels per day, a refinery utilization rate of 101 percent, and export growth to nearly one million barrels…
Petrobras announced a net income of BRL 52.4 billion in the second quarter of 2026, marking a substantial 97% increase compared to the same period in 2025. This performance places the results among the highest quarterly earnings in the company's history. The surge in profits can be attributed to several key factors: record oil production reaching 2.7 million barrels per day, a refinery utilization rate hitting 101%, and a notable rise in exports, increasing by nearly one million barrels per day.
The company's financial prowess was further highlighted by investments totaling BRL 26.7 billion, with a significant portion of BRL 23.3 billion directed towards exploration and production activities. Notably, BRL 8.3 billion was earmarked for the construction of new platforms, P-80, P-82, and P-83, slated for operation in 2027.
Written by urgent.news from Agencia Brasil's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
