Petrobras earns R$ 39.8 billion in 3Q26

In brief

Petrobras earned R$ 39.8 billion in 3Q26 and will pay R$ 15.3 billion to shareholders.

It raised its 2026 output forecast.

Verified fact · material
Petrobras posted net income of about R$ 39.8 billion in 3Q26, up 21.5% from 3Q25.
Profit.
Sources[01][02][03]
Verified fact · material
The board approved R$ 15.3 billion in shareholder payouts, to be paid in two installments in February and March 2027.
Payout.
Sources[01][02][03]
Verified fact
According to Exame and Money Times, the amount equals R$ 1.1873 per common and preferred share, with a record date of December 21, 2026.
Per share.
Sources[02][03]
Verified fact · material
The company raised its 2026 production forecast to 3.3 to 3.4 million barrels of oil equivalent per day.
Output.
Sources[01][03]
Verified fact
According to Money Times, profit fell 24.2% from the second quarter and missed the R$ 40.7 billion consensus.
Consensus.
Sources[03]

Transmission to assets

The dividend keeps Petrobras among the top payers and bolsters government revenue.

PETR4positive

High dividends.

Oil falls.

What would change the view: Firm oil.

direct20% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

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