Petrobras Q1 Profit Drops 7.2% to $6.2 Billion
Petrobras posted Q1 2026 net profit of $6.2 billion, down 7.2% from a year earlier. The decline reflects weaker downstream margins and higher operational expenses.
1. Q1 2026 Profit Results
Petrobras recorded net income of $6.2 billion in the first quarter of 2026, marking a 7.2% decrease from Q1 2025. The profit contraction was driven by a squeeze on downstream refining margins alongside rising operational costs, while upstream output held steady at previous levels.
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