Petroleo Brasileiro (ADR) stock: Petrobras sets Q3 output record

Petrobras reported record third-quarter production on October 28, giving investors a fresh operational update before the company's financial results. Reuters reported that the Brazilian state-run oil company produced 3.51 million barrels of oil equivalent per day in the third quarter, up 11.7 percent from a year earlier.

Offshore projects drive higher output

The production report covers July through September 2026. Petrobras said output increased 5.3 percent from the second quarter as the P-78 and P-79 floating production units ramped up in the Buzios field and the Alexandre de Gusmao platform reached peak production at Mero.

The operating update also points to improving execution across the portfolio. The company's own pre-salt production reached a record 2.96 million barrels of oil equivalent per day, while refinery utilization reached 99 percent during the quarter. Diesel production also reached a quarterly record, according to the company's reported operating data summarized in the reviewed coverage.

What changed since the last report

The latest Lang & Schwarz quote was EUR 19.40 on October 29, 2026, at 17:06 Berlin time. That was 1.02 percent below the EUR 19.60 quote recorded in the most recent relevant own report at 12:17 on the same day. This is a separate intraday comparison and not a Xetra daily performance measure.

The operating figures improve the production base entering 2027, but they do not yet show how the higher volumes translated into revenue, cash flow or shareholder distributions. Petrobras is scheduled to publish third-quarter financial results after markets close on November 10, with a webcast planned for November 11.

Investors can follow the real-time quote of Petroleo Brasileiro (ADR) stock for subsequent trading updates.

For broader U.S. market context, see the S&P 500 market topic.

More news and analyses on Petroleo Brasileiro (ADR) stock