Petrobras has a profit of R$39.8 billion in the 3rd quarter, an increase of 21.5%

Petrobras achieved net profit of R$39.8 billion in the 3rd quarter of 2026, which corresponds to an increase of 21.5% compared to the same period last year. The balance sheet released by the company this Tuesday (10) reports that operating cash flow (FCO) reached R$61.8 billion (US$12 billion), a growth of 15% in twelve months.

"Our projection was to end the year with an average production of 3.1 million barrels of oil equivalent per day, but our estimates now point to an average of between 3.3 and 3.4 million barrels per day," said the company's president, Magda Chambriard.

In 2026, Petrobras broke a quarterly record in oil production three times, sequentially. Additionally, 11 platforms were authorized to safely produce above their original capacity without extra investment in production units.

Sales of derivatives in the domestic market reached 1,854 million barrels of oil per day (mbpd) in the quarter, the highest volume since the third quarter of 2021 and the best result with the current refining park. A quarterly record was also recorded in diesel production, at 769 mbpd. Total production of derivatives reached 1,873 mbpd in the period.

In the third quarter, the amount of investment reached R$33 billion (US$6.4 billion), of which R$27.5 billion was in the exploration and production segment, which resulted in the construction of platforms and well interconnections.

Dividends

R$15.3 billion in dividends and interest on equity were approved for the period, which will be distributed among private and public shareholders.

Dividends will be paid in two installments: the first, on February 22, 2027, and the second, on March 22, 2027.