What were Petrobras's second-quarter net profit and adjusted EBITDA, and how did they compare year-on-year?

Petrobras's second-quarter net profit surged 97% year-on-year to 52.4 billion Brazilian reais, while its adjusted EBITDA reached 93.8 billion reais. These figures reflect a near-doubling of profitability, driven primarily by record production levels and exceptionally high refinery utilization.

What were the key production milestones achieved by Petrobras in Q2, and which area contributed most to growth?

In Q2, Petrobras achieved a domestic crude oil production of 2.7 million barrels per day (up 15% YoY), a total hydrocarbon output of 3.34 million barrels of oil equivalent (boe) per day, and an operational output of 4.87 million boe per day; the pre-salt basin was the main growth driver, delivering a record 2.78 million boe per day.

Petrobras Profit Nearly Doubles

Aug 12, 2026

Petrobras reported a 97% surge in Q2 net profit to 52.4 billion reais, driven by record crude production and refinery utilization rates exceeding 100%. Capital expenditure focused heavily on exploration and production expansion.

ccin

2026-08-12

Petrobras Profit Nearly Doubles

Petrobras Profit Nearly Doubles

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