Petrobras Reports Record Q2 Output in Oil, Gas as Refining Hits New High
In the second quarter of 2026, Petrobras achieved a record level of oil and gas production due to new floating production units and improved operational performance. The company's average equity output reached 3.34 million barrels of oil equivalent per day (boe/d), up significantly from both previous quarters and last year. The growth was driven by the ramp-up at several key platforms, including P-79 in Brazil’s Búzios field, which exceeded production expectations ahead of schedule. The company also reported a record refinery utilization rate of 101.2%, supported by high operational availability that reduced refined product imports and boosted domestic fuel supply. Petrobras highlighted the importance of pre-salt crude oil, accounting for 73% of its refining feedstock during Q2. This shift has enabled all refineries to process 100% pre-salt crude when economically viable under its RefTOP modernization program.
Topics: gas output oil production Petrobras Q2 results refining capacity