Petrobras (NYSE:PBR | PBR Price Prediction) has quietly become the best-performing supermajor of 2026.

Brazil's state-run oil company, Petrobras , said ​on Friday it had submitted an expression ‌of interest for exploration blocks in Ghana and begun negotiations.

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.

Petróleo Brasileiro S.A. - Petrobras (PBR) Q2 2026 Earnings Call Transcript

Brazil's state-run ​oil firm Petrobras ‌will "very likely" exceed its forecast for ​oil production ​in 2026, CEO Magda ⁠Chambriard told ​analysts during an earnings ​call on Friday.

Brazilian ​state-run oil firm ‌Petrobras posted on Thursday ​a ​96.8% jump in its ⁠second-quarter ​net profit from ​a year earlier.