Petrobras released financial statements relating to the third quarter of 2026 on Tuesday (10), reporting a net profit of R$ 39.8 billion. The value represents an increase of 21.5% compared to the same period last year, when the state enterprise registered R$ 32.7 billion. The company's sales revenue reached R$ 169.4 billion in the quarter, a rise of 32.4% compared to the third quarter of 2025. Operational cash flow reached R$ 61.8 billion, indicating growth of 15% over twelve months. Average equivalent oil production projected for the year was adjusted to between 3.3 and 3.4 million barrels per day, surpassing the initial projection of 3.1 million.
The investment amount in the period reached R$ 33 billion, with emphasis on the exploration and production segment that absorbed R$ 27.5 billion in construction works and interconnections. The company's net debt decreased to US$ 57.8 billion in the third quarter, a drop of 2% compared to last year. The average price of a barrel of oil recorded US$ 97 in the quarter, a value more than almost 40% higher compared to the corresponding period of 2025. The company approved R$ 15.3 billion in dividends and interest on equity for distribution to shareholders. Payments will be made in two installments: the first on February 22, 2027 and the second on March 22, 2027.