Petrobras agrees to 22-year LNG deal. Petrobras stock falls 1.23 percent

Published on 10/02/2026 at 16:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Petrobras stock costs EUR 18.50 on October 2, 2026 after EUR 18.73. Net income reached USD 16.70 billion in the first half of 2026, up 55.00 percent.

PBR, US71654V4086, Illustration mit AI erstellt.

Petrobras (ISIN US71654V4086) was trading at EUR 18.50 at Lang & Schwarz on October 2, 2026 at 4:34 p.m. CEST, down 1.23 percent versus the EUR 18.73 prior close. The company agreed to a 22-year liquefied natural gas supply deal with Cheniere, a development Reuters reported on September 29, 2026.

Long-term gas supply adds visibility

The agreement gives Petrobras a defined LNG supply channel for Brazil's gas and power market. Reuters reported that the contract is designed to reduce exposure to volatile spot LNG prices and improve supply flexibility.

The timing matters because Petrobras also faces domestic fuel-policy pressure. A September 2026 diesel subsidy program offers BRL 1.00 per liter for 30 days, cumulative with an existing BRL 1.12 subsidy, according to Reuters on September 19, 2026. The support can protect distributor pricing, but reimbursement timing remains relevant to cash flow.

First-half earnings set the baseline

Petrobras reported USD 16.70 billion of net income for the first half of 2026, up 55.00 percent from USD 10.80 billion in the first half of 2025. Sales revenue reached USD 57.10 billion, up 36.00 percent from USD 42.10 billion, figures published in the company filing summary by Futubull on September 22, 2026.

The second quarter contributed USD 10.44 billion of consolidated net income and USD 33.61 billion of revenue, while operating cash flow reached USD 12.25 billion. These figures point to a results profile driven by operating cash generation rather than the LNG agreement alone.

Stock trades below its yearly high

PBR's Lang & Schwarz price of EUR 18.50 converts to a level within the primary-market USD 11.43 to USD 22.24 52-week range, using the same-day USD context. The NYSE quote was USD 20.82 at 10:42 a.m. EDT on October 2, 2026, while market capitalization stood at USD 134.2 billion.

For investors, the key tension is visible in the contrast between stronger reported earnings and a daily euro-market decline. The LNG contract adds supply visibility, while fuel subsidies and domestic pricing decisions remain material variables for future margins and cash flow.

Price remains below the yearly high

Petrobras was trading at EUR 18.50 at Lang & Schwarz on October 2, 2026 at 4:34 p.m. CEST, minus 1.23 percent versus the Lang & Schwarz prior close of EUR 18.73 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Petrobras stock.