Petrobras (NYSE: PBR) lifts 2Q26 oil output 15% with record refining

Rhea-AI Filing Summary

Petróleo Brasileiro S.A. – Petrobras highlighted strong 2Q26 operating performance, with several new production records. Total oil and natural gas output reached 3.34 MMboed, with operated production of 4.87 MMboed and own pre-salt production of 2.78 MMboed. Own oil production in Brazil hit 2.7 MMbpd, up 15% versus 2Q25 and 4% versus 1Q26, supported by the early start-up of the P‑79 platform in Búzios and ramp-up of other FPSOs.

Downstream, refineries achieved a record quarterly utilization factor of 101.2%, helping lift oil products output to 1,918 mbpd, 5.6% above 1Q26, with 68% in higher value diesel, gasoline and jet fuel and record volumes of Diesel S10 and jet fuel. Oil product imports fell 40% between 2Q25 and 2Q26, while crude exports increased to 996 mbpd, and commercial gas production in 1H26 grew 18.7% year-on-year.

Capital allocation and fiscal contributions were also sizable. In 1H26, oil production averaged 2.6 MMbpd and cash capex reached US$ 9.1 billion, against a 2026 projection of US$ 16.9 billion. Taxes paid in 2Q26 totaled R$ 88.6 billion, R$ 22 billion above 2Q25. Petrobras reported 96% adherence to the Brazilian Corporate Governance Code and continued to advance ESG, innovation and bio-refining initiatives.

Positive

• Record total production of 3.34 MMboed with Brazil oil up 15% year-on-year.
• Refinery utilization hit a record 101.2% and oil product imports fell 40% versus 2Q25.
• 2Q26 taxes paid reached R$ 88.6B, up R$ 22B compared with 2Q25, reflecting stronger results.

Negative

• None.

Filing Explained

The filing adds early debt retirement and upstream rights; P-81/P-87 are contracted and the RPBC project has approved FID, not reported operations.

As a Form 6-K interim report, this filing furnishes Petrobras’s 2Q26 performance presentation and reports early redemption of US$670 million principal of 7.375% Global Notes due 2027, moving that debt obligation to an early-redemption status rather than its stated 2027 maturity.

The company also reports acquiring operatorship and a working interest in Block 3 offshore São Tomé and Príncipe, 100% of part of the Argonauta Field ring-fence, and a 50% working interest in Itaimbezinho, adding disclosed upstream interests and rights.

Project milestones have different lifecycle states: contracts for the P-81 and P-87 FPSOs were signed in May 2026, while Petrobras approved the FID for the RPBC Biorefining project in June 2026.

The presentation states that figures for 3Q26 onward are estimates or targets; their status will be resolved by later reported results.

Key Figures

Total production: 3.34 MMboed Operated production: 4.87 MMboed Pre-salt own production: 2.78 MMboed +5 more

8 metrics

Total production 3.34 MMboed Record total oil and natural gas production in 2Q26

Operated production 4.87 MMboed Record total operated production in 2Q26

Pre-salt own production 2.78 MMboed Record own production in the pre-salt in 2Q26

Brazil own oil production 2.7 MMbpd 2Q26 level, up 15% vs 2Q25 and 4% vs 1Q26

Refinery utilization factor 101.2% Quarterly record FUT in 2Q26, with 102.5% in April and May

Oil products output 1,918 mbpd 2Q26 output, 5.6% above 1Q26, 68% in higher value products

Commercial gas production growth 18.7% Increase in 1H26 commercial gas output vs 1H25

Taxes paid R$ 88.6 billion 2Q26 taxes paid, R$ 22 billion higher than 2Q25

Key Terms

MMboed, FPSO, Permanent Reservoir Monitoring System, Residue Fluid Catalytic Cracking Unit, +2 more

6 terms

MMboed financial

"Total oil and natural gas production reached a new record of 3.34 MMboed."

FPSO technical

"Signing of the contracts for P-81 and P-87 FPSOs for SEAP I and II."

A FPSO (Floating Production, Storage and Offloading unit) is a ship-like facility that sits offshore to process oil or gas pumped up from under the seabed, store the product, and transfer it to tankers or pipelines. For investors it matters because an FPSO turns remote reserves into cash: it represents a major capital asset and source of revenue but also concentrates operational, maintenance and safety risks that can affect production levels, costs and company valuation.

Permanent Reservoir Monitoring System technical

"Completion of installation and commissioning activities of Mero’s PRM system (Permanent Reservoir Monitoring System)."

Residue Fluid Catalytic Cracking Unit technical

"Upgrade RECAP's RFCC (Residue Fluid Catalytic Cracking Unit) for ethanol co-processing."

Sustainable Aviation Fuel (SAF) technical

"We sold 6.1 thousand m³ of Sustainable Aviation Fuel (SAF), produced via co-processing."

Sustainable aviation fuel (SAF) is a drop-in replacement for conventional jet fuel made from non-petroleum sources such as waste oils, plant residues, or specially grown crops and manufactured to work with existing aircraft and fueling systems. It matters to investors because airlines and regulators are pushing to cut aviation’s carbon footprint, creating long-term demand, supply-chain opportunities, and regulatory risks for companies that produce, supply, or fail to adopt SAF—think of it as cleaner fuel that can reshape future revenue and cost structures.

Brazilian Corporate Governance Code regulatory

"Completed the 2026 Brazilian Corporate Governance Code Report (CBGC Report) filing."

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FAQ

What were Petrobras (PBR) total oil and gas production levels in 2Q26?

Petrobras reported record total oil and gas production of 3.34 MMboed in 2Q26, including operated output of 4.87 MMboed and own pre-salt production of 2.78 MMboed, reflecting better operational efficiency and reservoir management.

How much did Petrobras (PBR) Brazil oil production grow in 2Q26?

Brazilian own oil production reached about 2.7 MMbpd in 2Q26, an increase of 15% compared to 2Q25 and 4% versus 1Q26, adding roughly 70 thousand bpd year-on-year through higher efficiency and new FPSO ramp-ups.

What refining and fuel output records did Petrobras (PBR) achieve in 2Q26?

Refineries posted a record utilization factor of 101.2% in 2Q26, supporting oil products output of 1,918 mbpd, 5.6% above 1Q26, with 68% in higher value diesel, gasoline and jet fuel and record volumes of Diesel S10 and jet fuel.

How did Petrobras (PBR) oil product imports and crude exports change in 2Q26?

Oil product imports declined by 40% between 2Q25 and 2Q26, reaching their lowest level since the pandemic, while crude oil exports increased to 996 mbpd, supported by record production from pre-salt fields such as Búzios and Mero.

What were Petrobras (PBR) key 1H26 investment and cost figures versus 2026 targets?

In 1H26, oil production averaged 2.6 MMbpd and cash capex totaled US$ 9.1 billion, compared with a 2026 projection of US$ 16.9 billion. Manageable operating expenses were US$ 11.7 billion and lease payments US$ 5.2 billion, versus 2026 projections of US$ 20.2 billion and US$ 10.0 billion.

How much tax did Petrobras (PBR) pay in 2Q26, and how did it change year-on-year?

Taxes paid in 2Q26 totaled R$ 88.6 billion, versus R$ 66.2 billion in 2Q25, an increase of R$ 22 billion. Federal, state and municipal taxes plus government take comprised this amount, which the company links to stronger operating and financial results.

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 August, 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____

Webcast August 7, 2026 2Q26 Performance — P-79 Our eighth platform in the BúziosField Disclaimer— NON-SEC COMPLIANT OIL AND GAS RESERVES: CAUTIONARY STATEMENT FOR US INVESTORS We present certain data in this presentation, such as oil and gas resources, that we are not permitted to present in documents filed with the United States Securities and Exchange Commission (SEC) under new Subpart 1200 to Regulation S-K because such terms do not qualify as proved, probable or possible reserves under Rule 4-10 (a) of Regulation S-X. 2 Thepresentationmaycontainforward-lookingstatementsaboutfutureeventsthatarenotbasedonhistoricalfactsandarenotassurancesoffutureresults.Suchforward-lookingstatementsmerelyreflecttheCompany’scurrentviewsandestimatesoffutureeconomiccircumstances,industryconditions,companyperformanceandfinancialresults.Suchtermsas"anticipate","believe","expect","forecast","intend","plan","project","seek","should",alongwithsimilaroranalogousexpressions,areusedtoidentifysuchforward-lookingstatements.Readersarecautionedthatthesestatementsareonlyprojectionsandmaydiffermateriallyfromactualfutureresultsorevents.ReadersarereferredtothedocumentsfiledbytheCompanywiththeSEC,specificallytheCompany’smostrecentAnnualReportonForm20-F,whichidentifyimportantriskfactorsthatcouldcauseactualresultstodifferfromthosecontainedintheforward-lookingstatements,including,amongotherthings,risksrelatingtogeneraleconomicandbusinessconditions,includingcrudeoilandothercommodityprices,refiningmarginsandprevailingexchangerates,uncertaintiesinherentinmakingestimatesofouroilandgasreservesincludingrecentlydiscoveredoilandgasreserves,internationalandBrazilianpolitical,economicandsocialdevelopments,receiptofgovernmentalapprovalsandlicensesandourabilitytoobtainfinancing. Weundertakenoobligationtopubliclyupdateorreviseanyforward-lookingstatements,whetherasaresultofnewinformationorfutureeventsorforanyotherreason.Figuresfor3Q26onareestimatesortargets. Allforward-lookingstatementsareexpresslyqualifiedintheirentiretybythiscautionarystatement,andyoushouldnotplacerelianceonanyforward-lookingstatementcontainedinthispresentation. Inaddition,thispresentationalsocontainscertainfinancialmeasuresthatarenotrecognizedunderIFRS.Thesemeasuresdonothavestandardizedmeaningsandmaynotbecomparabletosimilarly-titledmeasuresprovidedbyothercompanies.Weareprovidingthesemeasuresbecauseweusethemasameasureofcompanyperformance;theyshouldnotbeconsideredinisolationorasasubstituteforotherfinancialmeasuresthathavebeendisclosedinaccordancewithIFRS. 3 PRODUCTION INCREASE: BETTEROPERATIONAL EFFICIENCY AND RESERVOIR MANAGEMENT • Total oil and natural gas production reached a new record of 3.34 MMboed. We also set records for total operated production (4.87 MMboed) and total own production in the pre-salt (2.78 MMboed). • A 3.1% increase in the operational efficiency of our assets allowedthe addition of 70 thousand bpd yoy(2Q26 vs. 2Q25), driven by operational efforts, strategic initiatives, and spending on maintenance and integrity. In addition, we intensified efforts in reservoir management across our producing assets. MORE PRODUCTION RECORDS Búziosplatforms surpassed the 1,219mbpdoperated production milestone on June 26, with the start-up of P-79. Record daily production in Mero of 788.4 mbpd, achieved on June 23. ACQUISITION OF NEW BLOCKS AND RIGHTS Acquisition of work interest and operatorship in Block 3, São Tomé and Príncipe offshore, in Africa. Acquisition of 100%of part of the ring-fence of Argonauta Field (BC-10 Concession), in Campos Basin. Acquisition of a 50%work interest in ItaimbezinhoBlock, Campos Basin offshore. EXPLORATORY ADVANCES New pre-salt discovery in Campos Basin, in an exploratory well (1-BRSA-1404DC-RJS) drilled in the SC-AP4 Sector of Campos Basin, C-M-477 block. Completion of Cased-Hole Formation Test in Copoazú-1with excellent results and confirmation of a new gas discovery following the drilling of the Sandía-1well. Completion of installation and commissioning activities of Mero’s PRM system(Permanent Reservoir Monitoring System). A project of this scale in deep waters is unprecedented worldwide. E&P PROJECTS’ PROGRESS P-79: first oil in May, and gas injection 56 days after first oil, a new record for owned units, in June 2026. Signing of the contracts for P-81 and P-87 FPSOsfor SEAP I and II, in May 2026. Operational Highlights - 2Q26 — GAS PRODUCTION Commercial gas production increased by 18.7% in the 1H26 compared with the 1H25, reinforcing the company's consistent improvement in operational performance. 4 REFINERY UTILIZATION FACTOR (FUT) RECORD • Quarterly FUT record of 101.2% in 2Q26, with highlights in April and May, when the indicator reached 102.5%. OIL PRODUCTS OUTPUT Production of 1,918 mbpd, a 5.6% increase compared to 1Q26, with 68% yieldof higher value-added products: diesel, gasoline and jet fuel. During the quarter, we reached record production levels of Diesel S10 (509 mbpd) and jet fuel (109 mbpd). PRE-SALT OIL PROCESSING We processed 73% of pre-salt oils in our refining system and reached 100% processing capacity for these oils in the distillation feedstock. OPERATIONAL EFFICIENCY AND ASSET INTEGRATION Lowest level of diesel and crude oil imports since the pandemic. Lowest share of imported oil products in the domestic sales mix. SAF SALES We sold 6.1 thousand m³ of Sustainable Aviation Fuel (SAF), produced via co-processing at REDUC with 1% renewable content. PODIUM GASOLINE Petrobras Podium Gasoline reached, in May 2026, the highest monthly sales volume in its 24-year history, with 12.49 million liters sold. RECORD IN CENTRAL-WEST REGION We recorded a monthly record for oil products throughput at our Central-West hubs in May 2026. FLEET MODERNIZATION Arrival of the Janeiro Knutsen vessel – a milestone in the modernization of our shuttle tanker fleet – on June 29, with customs cleared in a record one day. Signing of a contract for the construction and operation of four RSV-type vessels, in May 2026. DIVERSIFICATION OF EXPORT DESTINATIONS We secured five new customers for Atapu, Búzios, Itapu, Sururuand Tupicrude oils. RECORD CRUDE OIL HANDLING VIA CTV In June 2026, we handled 15.4 million barrels via CTV (Cargo Transfer Vessel), a vessel that enables crude oil to be transferred directly from platforms to larger vessels offshore. APPROVED PROJECT We approved the FID for the RPBC Biorefining project, in June 2026. Operational Highlights - 2Q26 — 5 NATURAL GAS • To mitigate international price volatility, we introduced a Brent-linked price band mechanism for natural gas sales. It sets minimum and maximum price limits (floor and ceiling) and is available to customers through contract amendments. FERTILIZERS Signing of the contracts for the resumption of construction works at UFN-III in June 2026. INNOVATION Start-up of the Brazilian Pre-Salt Technology Center (CTPB) in Itajubá, Minas Gerais, a strategic element in the development of the HiSep project (High-Pressure Subsea Separation System), in July 2026. ENVIRONMENTAL LICENSES OBTAINED OPERATING LICENSES Operating License for FPSO P-79 (Búzios 8) Operating License for the LPG export pipeline at the Boaventura Hub Seismic Survey License for areas in Campos Basin, including Albacora, Marlim, Voador, Norte de Brava, Iara, and Sépia INSTALLATION LICENSES Installation License for the project to upgrade RECAP's RFCC (Residue Fluid Catalytic Cracking Unit) for ethanol co-processing Preliminary and Installation Licenses for the replacement project of the main dinamic equipments of the FCCU (Fluid Catalytic Cracking Unit) at RPBC Installation Licenses for Búzios 9 (P-80) and Búzios 10 (P-82) Integrated Environmental License for the new photovoltaic plant project at the Boaventura Energy Complex REGULATORY APPROVALS Approvals for well tie-ins to FPSO Carioca, P-40, P-31, P-78 and FPSO Alexandre de Gusmão Approvals for facility modifications at FPSO Anita Garibaldi, the capacity increase at Mero 4, and FPSO Sepetiba Approval for the departure of P-35 for the decommissioning process Operational Highlights - 2Q26 — Operational Highlights - 2Q26 — PUBLICATION OF THE 2025 SUSTAINABILITY REPORT AND ITS ESG DASHBOARD SUPPLEMENT The report highlights the company's progress in its just energy transition strategy and its contribution to the Sustainable Development Goals (SDGs) of the 2030 Agenda. BRAZILIAN CORPORATE GOVERNANCE CODE REPORT (CBGC Report) Completed the 2026 Brazilian Corporate Governance Code Report (CBGC Report) filing with the Brazilian Securities and Exchange Commission (CVM) in June. Achieved 96% adherence to the Code's recommended practices, our highest level since 2019, outperforming the average of listed companies (68.2%) and the Oil, Gas and Biofuels sector (76.1%), according to the Brazilian Institute of Corporate Governance (IBGC). RECOGNITIONS 2026 Valor Innovation Brazil Award –Most Innovative Company in the Oil, Gas and Petrochemicals sector. Pro-Equity in Gender and Race Program Seal, awarded for the seventh consecutive year. 2025–2026 Pro-Ethics Company Award. 6 SOCIOENVIRONMENTAL PROJECTS We completed 17 regional events marking the signing of 70 socio-environmental projects across the areas served by the company's business units. 7 We reached a record level of 2.7 MMbpdThis result represents an increase of 15% compared to 2Q25 and 4% compared to 1Q26 — Increase of 70 thousand bpd (vs. 2Q25) due to higher operational efficiencyand reliability of production systems P-79start-up in Búzios, three months ahead of the 2026–30 Business Plan Ramp-up of FPSOs Maria Quitéria, in Jubartefield, Alexandre de Gusmão, in Mero field, and P-78, in Búziosfield 7 platforms** adapted to produce above their original capacity, while meeting all safety requirements 2,221 2,334 2,520 2,504 2,583 2,689 500 1.000 1.500 2.000 2.500 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 OWN OIL PRODUCTION - BRAZILmbpd Production 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Total* – Brazil Own Production (mboed) 2,747 2,892 3,114 3,081 3,197 3,308 Total* Operated – Brazil (mboed) 3,938 4,158 4,495 4,482 4,603 4,823 +15% * Oil and Natural Gas included ** P-77, Almirante Barroso and Almirante Tamandaré in Búzios; P-70 in Atapu; P-71 in Itapu; Guanabara and Duque de Caxias in Mero P-66, in operation for nearly 10 years in Tupifield Efficient Capex Execution— Consistent progress on Búzios’ upcoming units (P-80, P-82 and P-83) Wells interconnections supported Búzios6 and Búzios8 ramp-up 47% of 1H26 interconnections were complementary wells, contributingto production maximization and value creation across the assets PHYSICAL PROGRESSNumber of offshore wells 4.3 0.7 0.1 0.2 E&P RTM G&LCE Other CAPEX 2Q26 US$ billion 5.3 10 14 1Q26 2Q26 Drilled Completed Interconnected 11 16 1Q26 2Q26 14 20 1Q26 2Q26 45% 40% 43% 8 82% 3% 2% 13% We expanded the supply of domestically-produced oil products, reducing the need for imports Record utilization factor of our refineries, with 68% of production concentrated in Diesel, Jet fuel and Gasoline — 1,730 1,816 1,918 2Q25 1Q26 2Q26 5.6% 91 95 101 2Q25 1Q26 2Q26 12.2% 6 p.p. -40% 214 111 67 2Q25 1Q26 2Q26 OIL PRODUCTS OUTPUT mbpd UTILIZATION FACTOR % OIL PRODUCTS IMPORT mbpd OIL EXPORT mbpd 690 888 996 2Q25 1Q26 2Q26 9 10 Financial results driven by our operational performance — 4.7 6.2 10.4 4.1 4.5 11.1 2Q25 1Q26 2Q26 OCF US$ billion 7.5 8.4 12.3 2Q25 1Q26 2Q26 63% NET INCOMEUS$ billion Net income Net income excluding one-off events EBITDA US$ billion Adjusted EBITDA Adjusted EBITDA excluding one-off events 9.2 11.3 18.6 10.2 11.7 20.0 2Q25 1Q26 2Q26 Operating Cash Flow 95% 70% 170% 144% 46% 26.4 27.5 25.8 24.0 43.4 43.7 45.0 41.0 60.6 62.1 60.4 69.8 71.2 70.8 65.0 2025 1Q26 2Q26 2027-2030* Leasing Financial Debt Net Debt Gross Debt US$ billion Debt reduction — BP 2026-30 *Considers the average of the annual projections disclosed in the 2026–30 Business Plan 11 Early redemption of the 7.375% Global Notes due 2027, in the principal amount of US$ 670 million Adjusted cash and cash equivalents 9.2 9.1 10.4 US$ billion Monitoring of 2026 projections of the 2026-30 Business Plan — 2.6 2.5 1H26 2026Projection OIL PRODUCTION MMbpd ±4% CASH CAPEX US$ billion 9.1 16.9 1H26 2026Projection ±5% 11.7 20.2 1H26 2026Projection MANAGEABLE OPERATING EXPENSES US$ billion LEASE PAYMENTS US$ billion 5.2 10.0 1H26 2026Projection 12 Strong results boostedtax revenues— 34.2 31.5 0.5 22.4 TAXES PAID*-2Q26 R$ billion Federal State Municipal Government take 88.6 66.2 72.4 88.6 2Q25 1Q26 2Q26 EVOLUTION OF TAXES PAID R$ billion * Cash basis + 22 bi R$ 88 BILLION ANNUALIZED The increase of R$ 22 billionin taxes paid in 2Q26 compared to 2Q25 is equivalent to R$ 88 billion in additional revenue on an annualized basis 13 Webcast August 7, 2026 2Q26 Performance — P-79 Our eighth platform in the BúziosField

 

 

 

 

 

 

 

 

 

 

 

 

 

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: August 6, 2026

PETRÓLEO BRASILEIRO S.A–PETROBRAS

By: /s/ Fernando Sabbi Melgarejo

______________________________

Fernando Sabbi Melgarejo

Chief Financial Officer and Investor Relations Officer