Petrobras Posts $19.6B Net Income, 11% Production Growth in 2025
Petrobras’ 2025 net income reached $19.6 billion and adjusted EBITDA totaled $42.5 billion as oil production rose 11% to exceed 1 million barrels per day at Búzios and Tupi/Iracema. The company added 1.7 billion barrels to proven reserves, funded by a 22% increase in capital expenditure to over $20 billion.
1. Production Milestones
Petrobras increased total oil output by 11% in 2025, achieving daily production of over 1 million barrels at both the Búzios and Tupi/Iracema fields. These gains reflect enhanced lifting efficiency and the ramp-up of its pre-salt operations.
2. Financial Performance
Despite a 14% drop in Brent crude prices to $69 per barrel, Petrobras delivered net income of $19.6 billion and adjusted EBITDA of $42.5 billion. Downstream operations reached a 92% refinery utilization rate, with high-value products accounting for 74% of sales.
3. Reserves and Investments
The company added 1.7 billion barrels to its proven reserves, marking the highest replacement level in a decade. Petrobras invested over $20 billion in 2025—up 22% year-over-year—prioritizing exploration, production and renewable fuel initiatives.