Petrobras registered a net profit of R $ 26.7 billion in the balance of the second quarter of 2025. The result is 24.3% lower than in the previous quarter, but higher than the same period last year, when the company registered a loss of R $ 2.6 billion.
The increase in oil production compensated for the impacts of the 10% drop on Brent’s price in the quarter. Disregarding exclusive events, the quarter result was R $ 23.2 billion (US $ 4.1 billion), reaching a level similar to that of the previous quarter.
The adjusted EBITDA, which is a financial indicator widely used to make decisions, reached R $ 57.9 billion in the quarter (US $ 10.2 billion). Operational cash flow (FCO), which represents cash generation from the company’s operating activities, totaled R $ 42.4 billion (US $ 7.5 billion) in the quarter, leveraged by increased oil and gas production. Already the investments (Capex), totaled R $ 25.1 billion (US $ 4.4 billion) in the second quarter of 2025, with the highest focus on pre-salt projects.
“We are accelerating our investments in high attractiveness projects. In the first six months of the year, we invested R $ 48.8 billion, a growth of 49% over the same period last year. In the operational aspect, we had excellent results: we produced 2.3 million barrels of oil per day in the second quarter. This represents a 5% increase compared to the first quarter and about 8% compared to the same period last year,” said the president of the president. PETROBRAS, Magda Chambriard.
In the second quarter of 2025, Petrobras totaled R $ 66 billion in taxes paid to the Union, states and municipalities. R $ 8.7 billion were approved in dividends and interest on equity.
“We had excellent operational performance in the second quarter, driven by the implementation of new production systems and an improvement in field efficiency in operation. These factors allowed us to increase the volume of oil and gas, positively reflecting on financial results and compensating the impacts of the drop on Brent price,” explains the chief financial and investor relationship, Fernando Melgarejo.
The company’s gross debt registered US $ 68.1 billion in June 2025, representing a 5.5% growth over the end of the previous quarter, mainly, mainly the growth of platform lease, with the entry into operation of Alexandre de Gusmão and Admiral Tamandaré, which added 270,000 barrels per day of production capacity for Petrobras.
Petrobras oil and LGN production reached 2.32 million BPD (barrels of oil per day), an increase of 5% compared to the previous quarter.
In May, the floating unit of production, storage and transfer (FPSO) Marechal Duque de Caxias reached the maximum production capacity with only four producing wells.
The production of the Alexandre de Gusmão FPSO was also started in the field of Mero, which has production capacity of 180 thousand BPD and processing of 12 million m³/day of gas.
The P-78 Patheform Ship is in transit to Brazil, being the first platform to be towed to the lease with crew on board, which will allow to anticipate the beginning of production in about two weeks. Its production capacity will be 180,000 barrels of oil per day, as well as compressing up to 7.2 million m³ of daily gas.
A new discovery of excellent quality oil was confirmed in the pre-salt of the Santos Basin, in Exploratory Poço in the Aram Block. Another exploratory blocks were purchased on the equatorial margin and three on the Pelotas Basin in the 5th Round of Permanent offer of ANP. In addition, Petrobras declared interest in nine exploratory areas on Ivory Coast.
In June, the first contracts to complete train 2 of the Abreu e Lima Refinery (RNEST) were signed. This important milestone will allow the nominal capacity of the refinery to be expanded from 2026, doubling to 260,000 BPD in 2029.
