Petrobras stock: Record Q3 output reaches 3.51 million boe/ d
Published on 11/04/2026 at 15:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSPetrobras expands quarterly output
- Third-quarter production reached a record 3.51 million barrels of oil equivalent per day, up 11.7 percent year over year.
- Operated production rose to 5.08 million barrels of oil equivalent per day, while operated pre-salt output reached 4.46 million.
- Refinery utilization averaged 99 percent, with quarterly diesel production at a record 769,000 barrels per day.
Petrobras reported record average oil, natural gas liquids and natural gas production of 3.51 million barrels of oil equivalent per day in the third quarter of 2026. Industrial Info Resources reported the figure on Wednesday, November 4, citing a year-over-year increase of 11.7 percent and a quarter-over-quarter increase of 5.3 percent.
The production milestone strengthens Petrobras' operating base ahead of the company's third-quarter financial results. The gains came as the P-78 and P-79 floating production, storage and offloading units ramped up in the Buzios field. The Alexandre de Gusmao FPSO also reached peak production of 190,000 barrels per day at the Mero field, while lower maintenance and shutdown losses supported operating performance.
Offshore platforms set new records
Total operated production, including volumes owned by partners, reached 5.08 million barrels of oil equivalent per day, above the previous quarterly record of 4.87 million in the second quarter. Petrobras' own pre-salt production reached 2.96 million barrels of oil equivalent per day, compared with 2.78 million in the previous quarter. Operated pre-salt production rose to 4.46 million.
Industrial Info Resources quoted Petrobras Exploration and Production Director Sylvia Anjos as attributing the outcome to the highest quarterly operational efficiency in eight years, strong reservoir performance and a reduction in production decline. Petrobras expects the P-80, P-82 and P-83 platforms to begin production in 2027, according to the report.
Refining adds operating support
Refining output reached 1.87 million barrels per day in the quarter, while refinery utilization averaged 99 percent. Diesel production set a quarterly record at 769,000 barrels per day. Crude oil exports averaged 987,000 barrels per day, up 21.3 percent from the same period a year earlier.
Industrial Info Resources reported the operating figures as Petrobras prepared to move from a production update to its financial release. Stronger output and high refinery utilization improve the operational backdrop, while investors will focus next on margins, cash flow and management's outlook.
Petrobras stock traded at 18.40 euros on Lang & Schwarz at 15:09 CET on Wednesday, November 4, 2026. The preceding Lang & Schwarz close was 18.83 euros.
The real-time quote of Petrobras stock provides the latest market indication.
Petrobras at a glance
- Company: Petrobras
- ISIN: US71654V4086
- Ticker: PBR
- Lang & Schwarz quote: 18.40 euros at 15:09 CET on November 4, 2026
- Previous Lang & Schwarz close: 18.83 euros
- Third-quarter production: 3.51 million barrels of oil equivalent per day
Brazil's Bovespa market provides the broader domestic equity backdrop for Petrobras.
More news and analyses on Petrobras stock cover the company's production, refining and financial developments.
