Petrobras stock slips 2.68% as record output precedes results
Published on 11/03/2026 at 17:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSPetrobras output and results outlook
- Petrobras reported record third-quarter production of 3.512 million barrels of oil equivalent per day.
- Output increased 11.7 percent from a year earlier and 5.3 percent from the second quarter.
- Third-quarter financial results are scheduled for November 10, followed by a webcast on November 11.
Petrobras stock traded at 18.88 euros on Lang & Schwarz at 17:10 CET on Tuesday, November 3, 2026. That was 2.68 percent below the 19.40-euro quote in the latest relevant own report published on November 2, a separate comparison from the daily Xetra performance.
Petrobras reported record third-quarter production on October 28. Reuters said the Brazilian state-run oil company produced 3.51 million barrels of oil equivalent per day, including oil, gas liquids and natural gas, in the quarter. Production rose 11.7 percent from a year earlier.
Record output raises the stakes
The latest own report put average production at 3.512 million barrels of oil equivalent per day, up 5.3 percent from the second quarter. New offshore wells and the ramp-up of the P-78 and P-79 floating production units in the Búzios field supported the increase, while the Alexandre de Gusmao platform reached peak output in the Mero field.
Petrobras also said twelve producing wells started during the quarter. The P-80 and P-82 platforms are scheduled to begin operations in 2027, giving investors a further capacity milestone to monitor.
Financial results are next
The production update strengthens the operating backdrop, but it does not show how higher volumes translated into revenue, cash flow or shareholder distributions. The next test comes with Petrobras' third-quarter financial results after markets close on November 10. A webcast is planned for November 11.
Investors can follow the real-time quote of Petrobras stock for subsequent trading updates.
The broader US market is tracked through the S&P 500.
More news and analyses on Petrobras stock.
Petroleo Brasileiro S.A. - Petrobras
- ISIN: US71654V4086
- Ticker: PBR
- Trading venue: Lang & Schwarz
- Quote: 18.88 euros on November 3, 2026, at 17:10 CET
- Change versus latest own report: minus 2.68 percent from 19.40 euros on November 2, 2026
- Third-quarter production: 3.512 million barrels of oil equivalent per day
- Next financial results: November 10, 2026
