# 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.
- Title: Petrobras Output Rises as Investors Focus on Dividends
- Summary: 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…
- Keywords: petrobras, brazil, oil output, dividends, anp, campos basin, lpg, sempra, cheniere, pre-salt fields, news, world
- Source: The Rio Times — https://riotimesonline.com/petrobras-news
- Author: Rafael Silva Santos
- Published: 2026-10-16T14:50:42+00:00
- Read time: 2 min
- Topics: petrobras, brazil, oil output, dividends, anp, campos basin, lpg, sempra, cheniere, pre-salt fields, news, world
## 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.
## Key takeaway

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.