Petrobras' third-quarter oil and gas output rises 12% from a year earlier (updated)

Petroleo Brasileiro SA Petrobras

28/10/2026 23:14

Updates with more details in bullets
SAO PAULO, Oct 28 (Reuters) - Brazilian state-run oil firm Petrobras PETR4.SA on Wednesday reported total oil, gas and gas liquids production of 3.51 million barrels of oil equivalent per day in the third quarter, up 11.7% from a year earlier.
Analysts expected Petrobras to report output of 3.48 million boed, according to the Visible Alpha consensus
Petrobras said offshore oil platforms Alexandre de Gusmao and Sepetiba hit output peaks during the quarter, while Almirante Tamandare posted record monthly production in July
Oil production in Brazil reached 2.83 million barrels per day, up 12.4% year-on-year
The Brazil oil figure surpassed the peak production forecasted in the firm's business plan for the 2026-2030 period
Exports of oil and derivatives came in at a record 1.25 million bpd, a 20.7% increase, with China representing 40% of the oil purchases
Sales of oil, derivatives and natural gas reached 3.49 million bpd, a 7% rise

 (Reporting by Andre Romani in Sao Paulo, additional reporting by Fabio Teixeira in Rio de Janeiro; Editing by Fernando Cardoso)
 ((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))