Petrobras stock gains on higher oil and Q2 profit

Published on 09/03/2026 at 17:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Petrobras stock rose 2.61 percent to USD 20.86 as oil tensions lifted energy shares. Q2 2026 net profit reached BRL 52.4 billion, and EPS is seen rising 112.5 percent year over year.

PetrÃ³leo Brasileiro S.A. - Petrobras (ISIN US71654V4086) rose 2.61 percent to USD 20.86 in New York, while Q2 2026 net profit reached BRL 52.4 billion. The move came as oil tensions lifted the whole energy complex, and Petrobras ADRs led Latin American oil names in the latest session.

Oil keeps the bid alive

According to The Rio Times oil market wrap, Petrobras shares in New York gained 2.61 percent to USD 20.86 on September 2, 2026. The same report said the United States Oil Fund closed at USD 141.15, up 0.11 percent, while US commercial crude inventories fell by 4.5 million barrels to 424.5 million barrels in the week to August 28.

That combination matters for Petrobras because higher crude prices and tighter inventories support producer cash flow. For investors, the key question is how long that oil premium lasts.

Q2 numbers still drive sentiment

The company had already reported Q2 2026 net profit of BRL 52.4 billion, and the same coverage said analysts expect EPS to rise 112.5 percent year over year to USD 1.36. MarketBeat also listed a new USD 24.00 price target from JPMorgan Chase on September 1, 2026, alongside an upgraded view from Zacks Research.

Those figures give the stock a clear earnings backdrop: a 2.61 percent session gain, BRL 52.4 billion in quarterly profit, and a 112.5 percent EPS growth forecast. The market reaction is aligned with the earnings setup, not separate from it.

Go deeper

Petrobras and its offshore production mix

Petrobras remains tied to offshore production and pre-salt output, which is why oil price swings still matter for the stock.

Petrobras stock overview Investor Relations

Pre-salt cash flow matters

Petrobras has been benefiting from its pre-salt portfolio, and the latest market notes point to strong dividend expectations in the second half of 2026. The stock also trades with Brazil exposure through the B3 and the Ibovespa backdrop, where local equities rose 3.05 percent in the latest session.

Petrobras stock in New York

Petrobras stock closed at USD 20.86 on September 2, 2026 in New York, after rising 2.61 percent that session. The share price sits below the USD 24.00 price target reported by MarketBeat on September 1, 2026.