Petrobras CEO Magda Chambriard stated on Monday (18th) that the state company recorded 16% production growth in the first quarter of 2026 compared to the same period in 2025. "They said agribusiness grew 12%, and it was good. We grew 16%," she declared during an event at the Paulínia Refinery (Replan), alongside President Lula and former minister Fernando Haddad. ✓
Press quotes (2)
"A presidente da Petrobras (PETR3;PETR4), Magda Chambriard, afirmou nesta segunda-feira, 18, que a estatal registrou crescimento de 16% na produção no primeiro trimestre de 2026 ante igual período de 2025."
""O aumento da produção foi o primeiro ponto. Quando comparamos o primeiro trimestre de 2026 com o mesmo período de 2025, vemos crescimento de 16% na produção da Petrobras. Dezesseis por cento. Que empresa cresceu isso em um ano? Disseram que o agro cresceu 12%, e foi bom. Nós crescemos 16%", afirmou Magda."
According to official company data, Petrobras achieved record production of 3.23 million barrels of oil equivalent per day in the first quarter, with net profit of US$ 6.2 billion — up 3.7% from US$ 5.995 million in the same period of 2025. Revenue rose 11.7%, from US$ 21.073 billion to US$ 23.535 billion. ✓
Press quotes (2)
"Record production across the board: 3.23M boe/d total (+16.1% year on year), 2.66M boe/d pre-salt own production, 4.65M boe/d operated, all records"
"Petróleo Brasileiro S.A. (Petrobras) reported strong Q1 2026 unaudited results, with sales revenues of $23,535M versus $21,073M a year earlier. Net income reached $6,218M, up from $5,995M"
The announcement was made during the launch of a R$ 37 billion investment plan in São Paulo until 2030, expected to generate about 38,000 direct and indirect jobs. Of this amount, R$ 6 billion will be invested in Replan itself, Petrobras' largest refinery, responsible for supplying more than 30% of Brazilian territory. ✓
Press quotes (2)
"Foi anunciado investimento de 37 bilhões de reais no estado paulista até 2030, gerando cerca de 38 mil postos de trabalho diretos e indiretos."
"Parte desse valor (R$ 6 bi) será aplicada na Replan, a maior refinaria da Petrobras, responsável pelo abastecimento de mais de 30% do território brasileiro."
The comparison with agribusiness refers to the 12.20% growth of the sector's GDP in 2025, calculated by Cepea/Esalq-USP in partnership with CNA, which reached R$ 3.20 trillion. Chambriard also announced the goal of making Brazil self-sufficient in diesel by 2030, expanding Petrobras' share from the current 75% to 100% of national supply. ✓
Press quotes (1)
"O Produto Interno Bruto (PIB) do agronegócio brasileiro, calculado pelo Cepea (Centro de Estudos Avançados em Economia Aplicada), da Esalq/USP, em parceria com a CNA (Confederação da Agricultura e Pecuária do Brasil), apresentou excelente desempenho em 2025 – o crescimento sobre o ano anterior foi de 12,20%."
Petrobras recorded 16% production growth in Q1 2026 compared to Q1 2025
Investment announced of R$ 37 billion in São Paulo until 2030, with R$ 6 billion in Replan
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (1)
Goal of diesel self-sufficiency by 2030, expanding share from 75% to 100%
Conflicting versions (1)
Exact value of Petrobras profit in Q1 2026
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What is the methodological basis for comparing Petrobras production growth (physical volume) with agribusiness GDP (monetary value)?
Why it's still unknown: The CEO did not specify how different metrics (physical production vs. economic value) are analytically comparable.
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How does Petrobras plan to achieve 100% diesel supply by 2030 and what specific investments are needed?
Why it's still unknown: Chambriard mentioned the goal but did not detail the operational plan or specific budget to expand from 75% to 100%.
Did not cover: InfoMoney -
What is the positioning of international investors on Petrobras strategy beyond the generic support mentioned?
Why it's still unknown: The CEO cited that investors said 'keep this pace', but did not identify which investors or what specific feedback they received.
Did not cover: InfoMoney