Petrobras stock trades at EUR 18.30 as Q2 profit rises 120 percent

Published on 09/30/2026 at 14:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Petrobras stock reported USD 33.6 billion in Q2 revenue on August 6, 2026, up 60 percent year over year. Net income rose 120 percent to USD 10.4 billion.

PBR, US71654V4086, Illustration mit AI erstellt.

Petrobras (ISIN US71654V4086) was trading at EUR 18.30 at Lang & Schwarz on September 30, 2026 at 2:06 p.m. CEST, plus 0.66 percent versus the prior close of EUR 18.18. The latest earnings picture remains the central company fact, with second-quarter revenue and net income both advancing sharply.

Q2 revenue reaches USD 33.6 billion

According to The Rio Times on September 27, 2026, Petrobras published its second-quarter results on August 6, 2026. Revenue reached USD 33.6 billion for the three months ended June 30, up 60 percent from the same period a year earlier.

Net income reached USD 10.4 billion in Q2 2026, up 120 percent year over year, while adjusted EBITDA was USD 20.0 billion. Operating cash flow stood at USD 12.3 billion, giving the quarter a stronger cash profile alongside the earnings increase.

JPMorgan lifts target to USD 24.00

According to MarketBeat on September 1, 2026, JPMorgan raised its Petrobras price target from USD 23.00 to USD 24.00 and maintained an overweight rating. The revision places analyst attention on the company's ability to convert strong operating results into shareholder returns.

Petrobras is listed on the New York Stock Exchange under PBR and also operates across the exploration, production, refining and gas value chain. The Rio Times reported that the Brazilian federal government held 50.26 percent of voting shares as of August 2026, a figure that keeps state influence central to the investment case.

EUR 18.30 in afternoon trading

Petrobras was trading at EUR 18.30 at Lang & Schwarz on September 30, 2026 at 2:06 p.m. CEST, plus 0.66 percent versus the prior close of EUR 18.18. Its market capitalization was USD 133.1 billion as of September 29, 2026, while the finance quote showed a 52-week range of USD 11.43 to USD 22.24.