Petrobras (NYSE: PBR) tops 2025 output targets with record production
Rhea-AI Filing Summary
Petróleo Brasileiro S.A. – Petrobras reports that in 2025 its oil production reached 2.40 million barrels per day, an 11% increase versus 2024 and slightly above the upper limit of its 2025–2029 Business Plan target. Total oil and natural gas output was 2.99 million barrels of oil equivalent per day, also up 11% year over year, while commercial production was 2.62 million boed and exceeded the top end of guidance.
The company states that oil, commercial, and total production all set new annual records in its more than 70 years of operations. Pre-salt output was a key driver, with own production of 2.45 million boed and operated production of 3.70 million boed, representing 82% of total production. New and ramping FPSO platforms in fields such as Búzios, Mero, Jubarte, Marlim, and Voador, plus higher operational efficiency, underpinned the stronger volumes.
Positive
- Record 2025 production and target beat: Oil output rose 11% year over year to 2.40 million bpd, with total production at 2.99 million boed, exceeding the upper limits of Petrobras’ stated 2025 targets and setting historical annual records.
Negative
- None.
Insights
Petrobras delivered record 2025 production, beating its own targets.
Petrobras reports 2025 oil production of 2.40 million barrels per day, an 11% increase over 2024 and above the upper limit of its 2025–2029 Business Plan target. Total oil and gas output reached 2.99 million boed, also up 11%, with commercial production of 2.62 million boed slightly above the top of guidance. These volumes are described as historical annual records for the company.
Pre-salt assets remain central, with own production of 2.45 million boed and operated production of 3.70 million boed, accounting for 82% of total production. New Santos Basin FPSOs such as Almirante Tamandaré and Alexandre de Gusmão, along with ramp-ups at Maria Quitéria, Anita Garibaldi, and Anna Nery, contributed to higher output, supported by improved operational efficiency across units.
The statement highlights 1 million barrels per day of operated production in the Búzios field using only six platforms and notes that a seventh, P-78, began operations on December 31, 2025, positioned to support future growth. While no financial figures are included, higher and record production levels, especially in pre-salt fields, are typically important for revenue potential and long-term asset utilization.
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FAQ
How did Petrobras (PBR) oil production perform in 2025?
In 2025, Petrobras produced 2.40 million barrels of oil per day, an 11% increase compared to 2024 and slightly above the upper limit of its 2025–2029 Business Plan production target.
What was Petrobras (PBR) total oil and gas production in 2025?
Total oil and natural gas production reached 2.99 million barrels of oil equivalent per day in 2025, representing an 11% increase versus 2024 and surpassing the upper limit of the company’s target.
Did Petrobras (PBR) set any production records in 2025?
Yes. Petrobras states that oil production, commercial production, and total production all set new historical annual records in 2025, in more than 70 years of its operations.
How important was pre-salt production to Petrobras (PBR) in 2025?
Pre-salt was central, with own total production of 2.45 million boed and operated production of 3.70 million boed. The company reports that pre-salt volumes accounted for 82% of total production in 2025.
Which new platforms supported Petrobras (PBR) production growth in 2025?
In 2025, the FPSOs Almirante Tamandaré and Alexandre de Gusmão began operating in the Santos Basin pre-salt, while the FPSOs Maria Quitéria, Anita Garibaldi, and Anna Nery continued ramp-up, and the platform P-78 started operations on December 31.
What milestone did Petrobras (PBR) achieve in the Búzios field in 2025?
Petrobras highlights reaching 1 million barrels of oil per day of operated production in the Búzios field using only six platforms, underscoring the high productivity of the wells there.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private
Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of January, 2026
Commission File Number 1-15106
PETRÓLEO BRASILEIRO S.A. – PETROBRAS
(Exact name of registrant as specified in its charter)
Brazilian Petroleum Corporation – PETROBRAS
(Translation of Registrant's name into English)
Avenida Henrique Valadares, 28 – 9th floor
20231-030 – Rio de Janeiro, RJ
Federative Republic of Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
Petrobras surpasses 2025 production targets
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Rio de Janeiro, January 15, 2026 –Petróleo Brasileiro S.A. – Petrobras announces that, in 2025, its oil production reached 2.40 million barrels of oil per day (bpd), exceeding the upper limit of the target (+4%) set in its 2025-2029 Business Plan by 0.5 percentage points. This result represents an 11% increase compared to 2024 production.
Total oil and natural gas production surpassed the upper limit of the target (+4%) by 2.8 percentage points, reaching 2.99 million barrels of oil equivalent per day (boed), representing an 11% increase compared to 2024 production. Commercial oil and natural gas production reached 2.62 million boed, exceeding the upper limit of the projected target (+4%) by 0.9 percentage points.
In addition to surpassing the established guidances, the oil production, commercial production, and total production figures broke historical annual records registered over more than 70 years of operations. The company also set new annual records in the pre-salt, with own total production of 2.45 million boed and operated production of 3.70 million boed. Production volume in the pre-salt accounts for 82% of Petrobras’ total production.
In 2025, two new platforms began operating in the Santos Basin pre-salt: the FPSO Almirante Tamandaré, located in the Búzios field, and the FPSO Alexandre de Gusmão, in the Mero field. The FPSO Marechal Duque de Caxias, in Mero, reached its production peak, and the FPSO Almirante Tamandaré set a new production record, reaching an average production of around 240 thousand bpd in November and December, becoming the highest-producing platform in Brazil.
Additionally, the ramp-up continued for the FPSOs Maria Quitéria, in the Jubarte field, and Anita Garibaldi and Anna Nery, in the Marlim and Voador fields. The significant increase in operational efficiency across all operational units was fundamental to surpassing the production targets.
Another highlight of the year was reaching 1 million barrels of oil per day of operated production in the Búzios field with only six platforms, demonstrating the high productivity of the wells in this field. The seventh platform, P-78, which began operations on December 31, will contribute to the continued growth trajectory of the company’s production.
These results are the result of the integrated efforts of Petrobras’ workforce to increase production while maintaining a total commitment to people, respect for the environment, preservation of operational safety, and asset reliability.
www.petrobras.com.br/ri
For more information:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations
Email : petroinvest@petrobras.com.br/acionistas@petrobras.com.br
Av. Henrique Valadares, 28 – 9th floor – 20231-030 – Rio de Janeiro, RJ.
This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: January 15, 2026
PETRÓLEO BRASILEIRO S.A–PETROBRAS
By: /s/ Fernando Sabbi Melgarejo
______________________________
Fernando Sabbi Melgarejo
Chief Financial Officer and Investor Relations Officer