From The Rio Times · Rafael Silva Santos · · 2m
Petrobras Output Rises as Investors Focus on Dividends
Petrobras pumps 2.96 million barrels daily, up 1% from August, as investors eye $10.4 billion quarterly profit.
In brief
Petrobras pumps 2.96 million barrels daily, up 1% from August, as investors eye $10.4 billion quarterly profit. Petrobras reported second-quarter profit of $10.4 billion, up 97% from 2025, with oil output at 2.96 million barrels a day in September 2026. Originally reported by The Rio Times.
Petrobras Output
Petrobras pumped 2.96 million barrels of oil a day in September 2026, up 1% from August.
Quarterly Profit
Petrobras reported a second-quarter profit of US$10.4 billion, up 97% from the previous year.
Campos Basin Auction
Petrobras won 12 offshore exploration blocks in the Campos Basin at an auction in Rio de Janeiro on 7 October 2026.
US LNG Contracts
Petrobras locked in long-term deals to buy US liquefied natural gas from Sempra and Cheniere for 20 and 22 years.
Legal Challenge
Federal prosecutors are asking a court to suspend Petrobras's Amazon-coast drilling licence, which was dismissed on procedural grounds.
Market Reaction
Petrobras shares held steady as Brazil's stock market fell 1% on 22 October 2026.
Prediction Markets
Prediction markets show 90% probability Petrobras will report third-quarter production above 3.25 million barrels of oil equivalent a day.
Next Steps
Petrobras reports third-quarter results on 10 November 2026, with investors comparing figures to the second-quarter record.
State Control
The federal government holds 50.26% of Petrobras's voting shares, with BNDES and BNDESPar adding 36.61% of total capital.
Oil Production
Petrobras's oil output averaged 2.89 million barrels a day in the third quarter, up 6% from the previous quarter.
Morpho Discovery
Petrobras found additional oil in block FZA-M-59, about 175 kilometres off Amapá state, with plans for three more wells by early 2027.
US Gas Suppliers
Sempra and Cheniere are the US liquefied natural gas suppliers under Petrobras's long-term contracts.
Market Impact
Petrobras's stock price reacts to oil prices and Brazilian political risk, with a 16.3% dividend yield.
Legal Status
Federal prosecutors filed an appeal to suspend the Amazon-coast drilling licence after a court dismissed a parallel suit on procedural grounds.
Investor Focus
Investors are focused on Petrobras's $10.4 billion quarterly profit and potential dividend payouts.
At a glance
Petrobras reported second-quarter profit of $10.4 billion, up 97% from 2025, with oil output at 2.96 million barrels a day in September 2026.
