Add as a preferred source on GooglePetrobras Raises 2026 Spending Forecast to $24 Billion–$25.5 Billion
Third-quarter earnings missed Wall Street expectations, while $2.7 billion in announced shareholder distributions fell below a $3.8 billion estimate.
Petrobras raised its 2026 capital spending forecast to $24 billion–$25.5 billion after third-quarter earnings missed Wall Street expectations, while announced shareholder distributions also fell below estimates.
The Brazilian oil producer increased its forecast from $19.4 billion. Petrobras also recorded a production record and stronger refining margins. Petrobras’ adjusted EBITDA increased 34% year over year.
Petrobras announced $2.7 billion in shareholder distributions, compared with a $3.8 billion estimate. The company is expected to release an updated five-year business plan later this month.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.