$PBR · PETROBRAS - PETROLEO BRASILEIRO SA
Petrobras filed a 6-K containing its 3Q26 performance webcast presentation. It reported record total own production of 3.51 MMboed (2.96 MMboed pre-salt) and record operated production of 5.08 MMboed. The company raised 2026 oil production guidance to 2.7–2.8 MMbpd from 2.5 MMbpd and lifted 2026 cash capex guidance, with OCF guidance raised to up.
- Record total own production of 3.51 MMboed in 3Q26, including 2.96 MMboed pre-salt.
- 2026 oil production guidance raised to 2.7–2.8 MMbpd from 2.5 MMbpd.
- 3Q26 adjusted EBITDA, up 54% YoY; net income, up 78% YoY.
- 2026 cash capex guidance raised; OCF guidance up to $50B.
- Record diesel production of 769 mbpd and record domestic sales of 1,854 mbpd.
Price data unavailable for a meaningful reaction — markets closed at filing; extended-hours last trade $17.83 (+0.06% vs regular close).
Record production and a guidance raise signal stronger-than-expected operational execution and cash generation for the Brazilian oil major.
Higher Brent prices (3Q26 average $104.5/bbl vs $69.1 in 3Q25) drove the guidance raise and accelerated project execution, a trend benefiting deepwater producers.
4Q26 production faces scheduled maintenance shutdowns and a ~85 mbpd reduction in Petrobras' Búzios profit-oil share; forward-looking figures are estimates.