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    Petrobras likely to exceed oil production forecast for the year, says CEO

    Picture of Petroleo Brasileiro SA Petrobras logoPetroleo Brasileiro SA Petrobras
    07/08/2026 16:53
    Petrobras likely to exceed oil production forecast for the year, says CEO
    RIO DE JANEIRO, Aug 7 (Reuters) - Brazil's state-run oil firm Petrobras PETR3.SA will "very likely" exceed its forecast for oil production in 2026, CEO Magda Chambriard told analysts during an earnings call on Friday.
    Chambriard said oil production for the second quarter was 200,000 barrels per day above the company's goal. For the year so far, the firm has produced on average 2.6 million bpd, over its 2.5 million bpd projection.

     (Reporting by Fabio Teixeira and Marta Nogueira; Editing by Nia Williams)
     ((Fabio.Teixeira@thomsonreuters.com; +55 21 99603-4782;))

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