Petrobras profits rise 46% in the first nine months of the year

Petrobras reported a 46% increase in net profit for the first nine months of the year, totaling $24.4 billion. In Q3 alone, profits reached $7.74 billion, a 28% rise compared to the same period in 2025. The company attributed its strong results to record oil and gas production, which hit 3.51 billion barrels of oil equivalent per day. Despite a 26% decline in profits from Q2, revenues grew by 37% to $90.1 billion. The EBITDA also rose by 48%, while gross debt decreased by 1%. Petrobras is actively exploring new blocks, including in the Equatorial Margin and off the Ivory Coast.