What did Petrobras CEO Magda Chambriard say about the company's 2026 oil production target?

CEO Magda Chambriard stated that Petrobras is likely to beat its 2026 oil production target, noting that second-quarter output was 200,000 barrels per day higher than planned and that year-to-date average production stood at 2.6 million barrels per day—above the forecast of 2.5 million barrels per day.

What is Petrobras's official 2026 production forecast, and how does it reconcile this with statements about likely exceeding it?

Petrobras is maintaining its official forecast of 'more than 2.5 million barrels per day' for 2026, while simultaneously affirming—through CEO Chambriard and a post-press-conference statement—that it consistently aims to maximize production and surpass targets, reflecting an internal expectation of outperformance without formally revising the public guidance.

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Petrobras CEO Magda Chambriard indicated the company will likely exceed its 2026 oil production forecast after recent output surpassed targets by 200,000 barrels per day. Operational improvements have lifted profits near record levels.

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Petrobras likely to beat 2026 oil production target, CEO says

Petrobras likely to beat 2026 oil production target, CEO says

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