Petrobras Expands
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This topic isn't active right now. Last covered Aug 7, 2026. See today's headlines.
Brazil's Petrobras reports record profits driven by production surges and high oil prices. The company is also negotiating a second cooperation deal with Mexico's Pemex, expanding beyond exploration. Petrobras's Colombian gas discoveries could supply the nation for a decade.
Petrobras attributes record profits to production surge amid high prices
Brazilian oil giant Petrobras attributes its substantial first-half profits to a combination of record production levels and favorable international oil prices, exacerbated by the conflict in Iran. The company announced a net profit of $16.6 billion for the first six months of the year, marking a 55.3% increase compared to the same period in 2025. Petrobras President Magda Chambriard highlighted t…
Brazil's Petrobras and Mexico's Pemex negotiate second cooperation deal
Brazilian state-controlled oil company Petrobras and its Mexican counterpart Pemex are in discussions for a second cooperation agreement, aiming to extend their partnership beyond exploration and prod…
Petrobras: Colombian Gas Discoveries Could Supply Nation for a Decade
Brazilian oil giant Petrobras announced that three natural gas reserves discovered in deep waters of the Colombian Caribbean, in partnership with Ecopetrol, are substantial enough to meet Colombia's d…
Petrobras profit jumps 55.3% year-on-year in first half
Brazilian state-controlled oil company Petrobras announced a significant 55.3% year-on-year increase in net profit for the first half of the year, reaching $16.6 billion. The company's financial perfo…