PETROBRAS (PBR) announced a revised schedule for its third-quarter 2026 results webcast, set for November 11, 2026. The webcast will be presented in Portuguese with simultaneous English translation, beginning at 1:00 p.m. Brasília time (11:00 a.m. New York; 4:00 p.m. London).
PETROBRAS (PBR) said Fitch upgraded its Standalone Credit Profile from “bbb” to “bbb+”, citing governance and management, a clearer track record of Board oversight and transparency, and operational and financial performance supported by robust reserves, production scale, strong cash flow generation and low leverage. Fitch said the profile is comparable to that of investment-grade international oil companies; Petrobras had not received a standalone-profile upgrade from Fitch since 2020.
Fitch affirmed the company’s global-scale credit rating at “BB” and national-scale rating at “AAA(bra)”, each with a Stable Outlook.
PETROBRAS (PBR) identified another oil-bearing interval in the Morpho well, the third discovery in block FZA-M-59, in ultra-deep waters off Amapá at a water depth of 2,886 meters.
Drilling and geological data acquisition are complete. Well operations still require abandonment; afterward, the rig will move to the Potiguar Basin off Rio Grande do Norte to begin drilling at Mãe de Ouro.
PETROBRAS (PBR) reported total oil, NGL and natural gas production of 3.512 million barrels of oil equivalent per day in 3Q26, up 11.7% from 3Q25 and 5.3% from 2Q26. The company attributed the increase chiefly to its highest production efficiency in eight years, ramp-ups of P-78 and P-79 in Búzios, and Alexandre de Gusmão reaching peak production in Mero. Operated production reached 5.082 million barrels of oil equivalent per day.
Domestic oil-product sales were 1.854 million barrels per day, 6.4% above 2Q26. Product output was 1.873 million barrels per day and refinery utilization was 99%; diesel output set a quarterly record at 769 thousand barrels per day. Crude oil and oil-product exports reached 1.251 million barrels per day, 20.7% above 3Q25.
Oil-and-gas operational GHG emissions were 37.5 million tons in 9M26, 2.5 million tons above 9M25. E&P emissions intensity was 14.1 kgCO2e per boe, compared with 14.7 in 2025; refining intensity was 37.2 kgCO2e/CWT, versus 36.7 in 2025. The operating data has not been audited by the independent auditor.
PBR director Marcelo Weick Pogliese sold 46 PETR3 shares at a reported $10.44 per share and 225 PETR4 shares at a weighted-average reported $9.46 per share on September 14, 2026. The dollar prices are convenience conversions of 53.95 BRL and 48.91 BRL per share, respectively, using an exchange rate of 5.169 BRL per U.S. dollar. The reported post-sale holding was 0 shares in each class; no Rule 10b5-1 plan is reported.
PETROBRAS (PBR) received new installments under the gasoline and diesel Economic Subvention Programs. Cumulative receipts under the diesel, gasoline and LPG subsidy programs total approximately R$ 16 billion.
Petróleo Brasileiro S.A. – Petrobras (PBR) will release its 3Q26 Production and Sales Report on October 28, 2026, and its 3Q26 Financial Results on November 10, 2026, both after markets close. The company will present third-quarter 2026 results in a webcast on November 11, 2026.
PETROBRAS signed Cost and Volume Balancing Agreements with Shell, TotalEnergies and Petrogal, its partners in the BM-S-11A Consortium, for the Berbigão and Sururu shared reservoirs and shared assets in the Santos Basin. The agreements followed the effectiveness of the related Production Individualization Agreements. PETROBRAS will receive approximately US$859 million net from the consortium partners, with settlement by November 2026.
The agreements reconcile production revenues, investment and operating expenditures, and oil royalties according to each party’s interests. The AIP tables list PETROBRAS’s interests as 45.394% in Sururu and 62.913% in Berbigão; they list 100% for PETROBRAS under Transfer of Rights.
PETROBRAS (PBR) acquired 21 exploration blocks through Brazil’s 4th Production Sharing Permanent Offer Cycle and 6th Concession Permanent Offer Cycle, adding more than 18,000 km² to its exploration portfolio.
It holds a 100% participating interest in the two production-sharing blocks and the 12 Campos Basin concession blocks. In seven Ceará Basin concession blocks, PETROBRAS holds 70% and QatarEnergy Brasil Ltda. holds 30%; PETROBRAS is the operator.
PETROBRAS is to pay total signature bonuses of R$3,219,251,245.60 by December 30, 2026 for the 21 awarded blocks. The Federal Government profit-oil shares are 30.00% for Azurita and 15.27% for Cruzeiro do Sul. The concession-cycle minimum work obligations are 780 WUs in Ceará and 4,003 WUs in Campos.
PETROBRAS (PBR) reported another oil-bearing interval in the Morpho well, a new discovery in block FZA-M-59 off the coast of Amapá, at a water depth of 2,886 meters. Drilling continued after a discovery announced in August 2026 to evaluate deeper exploratory intervals. The new interval was identified through electrical logs, indications in rock samples and fluid samples obtained during operations.
Analyses of the new discovery are ongoing; the information collected will be characterized through laboratory analyses and integrated with data acquired during drilling. Petrobras said it will complete drilling activities and then evaluate the identified formations. For the discovery announced in August, completed analyses confirmed the good quality of the oil found.