ExxonMobil, TotalEnergies emerge as winners of Brazil spot oil auction

XOM•2026-10-01

ExxonMobil and TotalEnergies won a Brazilian state-run oil company PPSA spot auction for 2 million barrels. ExxonMobil acquired about 1 million barrels from the Bacalhau field and TotalEnergies secured a similar volume from the Buzios field; 4 million barrels in other lots went unsold.

ExxonMobil, TotalEnergies emerge as winners of Brazil spot oil auction

1. Auction results

2. Unsold lots

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