Petrobras Seeks License for New Wells in Brazil's Amapa Basin
PBR advances its Amapa Deepwater campaign with a request to drill three additional wells, strengthening exploration in Brazil's promising Equatorial Margin.

Brazilian energy giant Petróleo Brasileiro S.A. (Petrobras) is deeply involved in the global oil and gas industry, conducting exploration, production, and sales ...
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Est. EPS $1.14 · Revenue $31.32B · 3 analysts
$3.67 per share
Est. EPS $1.06 · Revenue $30.47B · 3 analysts
Est. EPS $4.42 · Revenue $114.15B · 2 analysts
$3.67 per share
EPS $1.62 · Revenue $33.61B
EPS $0.96 · Revenue $23.53B
EPS $3.06 · Revenue $88.10B
EPS $0.94 · Revenue $23.48B
EPS $0.72 · Revenue $21.04B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $88.1B | -3.6% | +42.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $19.7B | +161.9% | +67.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +43.1% | -14.2% | +28.8% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +31.4% | +11.6% | +33.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +22.4% | +171.7% | +17.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $16.7B | -28.4% | +122.5% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +19.0% | -25.7% | +55.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 92.4% | -9.5% | -8.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.71x | +1.7% | +15.0% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $223.3B | +22.9% | +3.5% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 3.06 vs 3.09 | -0.9% | 1.62 vs 1.40 | +15.4% |
| Revenue Surprise | $88.1B vs $89.5B | -1.6% | $33.6B vs $31.5B | +6.8% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| May 1, 2029 | Schlosser Claudio Romeo | officer: Chief Commercial Officer | Phantom Shares | — | 3,371 | — |
| May 1, 2029 | Chambriard Magda Maria de Regina | officer: CEO | Phantom Shares | — | 2,295 | — |
| May 1, 2029 | Melgarejo Fernando Sabbi | officer: Chief Financial Officer | Phantom Shares | — | 1,711 | — |
| May 1, 2029 | Dos Anjos Sylvia Maria Couto | officer: Chief Upstream Officer | Phantom Shares | — | 1,687 | — |
| May 1, 2029 | Coppetti Clarice | officer: Chief Corp. Affairs Officer | Phantom Shares | — | 3,371 | — |
Eduardo De Nardi Ros: Good afternoon, and welcome to Petrobras' webcast with analysts and investors about our second quarter 2026 results. It's a pleasure to have you with us today. This event will be presented in Portuguese with simultaneous interpretation into English. Links for both languages are available on our Investor Relations website.[Operator Instructions] Joining us today are Magda de Chambriard, the President of Petrobras; Angelica Laureano, Executive Officer for Logistics, Commercialization and Market; Clarice Coppetti, Executive Officer for Corporate Affairs; Fernando Melgarejo, Chief Financial and Investor Relations Officer; Renata Baruzzi, Executive Officer for Engineering, Technology and Innovation; Ricardo Wagner, Chief Governance and Compliance Officer; Sylvia Anjos, Chief Exploration and Production Officer; William Franca, Chief Industrial Processes and Products Officer; and William Nozaki, Acting Executive Officer for Energy Transition and Sustainability. To begin with, I will hand it over to our President, Magda de Chambriard, for her remarks. President, please go ahead. Magda de Regina Chambriard: Good morning, everyone. It's a pleasure to be with you today to demonstrate once again Petrobras' capacity to surpass its goals and deliver impressive results to our investors, be they from the public or private sectors. We have the full Board of Petrobras with us, and I'd like to take the opportunity to greet all investors, all of the representatives of our investors, all of the executives that are in this session with us and our partners and everybody that joined us remotely for the disclosure of our second quarter 2026 results. Also, I'd like to greet everybody from the press joining us. We become increasingly prouder of our results. It's a pleasure to be here once again joined by you to once again present another result that surpassed the previous ones, a result of our intensive work with our diverse teams working in a partnership to deliver an increasing amount of oil, gas and byproducts with security, quality, efficiency and capital discipline. In the first quarter of 2026, we reached several records. And in the second quarter, we surpassed them with important milestones once again. We reached -- and I must highlight this, we reached the highest net profit on a recurring basis for the quarter in dollars in the history of Petrobras. This recurring profit excludes exclusive events. And it's also the highest gross profit in the history of Petrobras. And we're proud to say that we achieved those results with no sales of assets. Of course, Brent above USD 100 per barrel strengthened our results, but the highest results achieved are the ones that we will go over now. The recurring only events was not with history's highest Brent. We had over 10 quarters with oil prices above that one in the past. And nonetheless, we achieved the highest recurring results in terms of net profits in the history of Petrobras. Our key differentiator, …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Ricardo Wagner de Araujo | Chief Governance & Compliance Officer and Member of Executive Board | Male | — | Active |
Clarice Coppetti | Chief Corporate Affairs Officer & Member of Executive Board | Female | 1963 | Active |
Carlos Henrique Vieira Candido da Silva | Chief Accounting Officer | Male | — | Active |
Fernando Melgarejo | Executive Director-Finance & IR, CFO, Chief Investor Relations Officer & Member of Executive Board | Male | 1972 | Active |
Magda Maria de Regina Chambriard | President, CEO, Member of Executive Board & Non-Independent Director | Female | 1957 | Active |
Renata Faria Rodrigues Baruzzi Lopes | Chief Engineering, Technology, & Innovation Officer and Member of Executive Board | Female | 1967 | Active |
Sylvia Maria Couto dos Anjos | Chief Exploration & Production Officer and Member of Executive Board | Female | 1957 | Active |
Bruno Motta | Executive Manager of Communication & Brands | Male | — | Active |
William Franca da Silva | Chief Industrial Processes & Products Officer and Member of Executive Board | Male | 1960 | Active |
Angelica Garcia Cobas Laureano | Chief Logistics, Commercialization & Markets Officer and Member of Executive Board | Female | — | Active |
PBR advances its Amapa Deepwater campaign with a request to drill three additional wells, strengthening exploration in Brazil's promising Equatorial Margin.

PBR confirms hydrocarbons at the ultra-deepwater Morpho well, adding geological insight into Brazil's Amazon River Mouth basin.

Brazil's Petrobras beat Q2 estimates as record production, stronger exports and higher Brent pricing lifted earnings, revenues and cash flow.

Petróleo Brasileiro S.A. - Petrobras delivered robust Q2 results, with revenues up 60% and net earnings soaring 120% year-over-year, supported by higher oil prices and record production. PBR's production hit a record 3.34 million boe/day, driven by low-cost pre-salt offshore assets, and production growth is expected to continue into H2. Free cash flow reached nearly $8 billion for the quarter, enabling significant debt reduction and a more than doubling of the December dividend versus last year.

Petroleo Brasileiro S.A.- Petrobras NYSE: PBR reported record operating and financial performance for the second quarter of 2026, supported by higher oil production, refinery utilization, exports and Brent crude prices, executives said during the company's webcast with analysts and investors.
