Petrobras raises 2026 operating cash flow forecast to US$45 billion–US$50 billion
PBR•Petrobras raised its 2026 operating cash flow forecast to US$45 billion–US$50 billion from US$35 billion. It also increased cash capital spending guidance to US$22 billion and production guidance to 2.7 million–2.8 million barrels per day.
1. Higher 2026 forecasts
Petrobras raised its 2026 operating cash flow forecast to US$45 billion–US$50 billion from US$35 billion. Cash capital spending is now forecast at US$22 billion, compared with US$16.9 billion previously, reflecting accelerated projects and currency effects.
2. Production and costs
The company increased oil production guidance to 2.7 million–2.8 million barrels per day from 2.5 million, citing efficiency gains and platform ramp-ups. Manageable operating expenses are projected at US$24.2 billion–US$25.5 billion, up from US$20.2 billion, reflecting higher production and logistics costs. Nine-month cash capital spending totaled US$14.6 billion.
