Petrobras, the Brazilian state-controlled oil company, released its production and sales report for the first quarter of 2026 on Thursday evening. The company reported that it produced 2.58 million barrels per day of oil in Brazil during the period, an increase of 16.3% compared with the same quarter last year.
Total sales of oil, natural gas, and derivatives averaged 3.22 million barrels per day in the first quarter of 2026. Exports of oil reached 888,000 barrels per day in the first quarter, a year-over-year increase of 61.2%.
The report provides a detailed breakdown of the company’s operational performance for the three-month period ending March 31, 2026. Petrobras trades on the Brazilian stock exchange under the tickers PETR3 and PETR4. The full report and additional tables are available on the company’s investor relations page.
The production increase of 16.3% reflects ongoing development of the company’s pre-salt fields, which are located deep under the ocean floor off the coast of Brazil. The 61.2% jump in oil exports indicates strong international demand for Brazilian crude as global markets continue to seek alternative supply sources. Petrobras operates major platforms in the Santos Basin, a region that has driven much of the country’s recent production growth.
Petrobras has been investing in new floating production, storage, and offloading units to boost output capacity. The first quarter results also show that the company’s total sales volumes for oil, gas, and derivatives remained steady. The export numbers highlight the company’s role as a key supplier to markets in Asia, Europe, and the Americas. The quarterly report is closely watched by investors and analysts as an indicator of the company’s operational efficiency and financial outlook.
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