The Brazilian energy group Petrobras has published its 2025 financial results, announcing an 11% increase in its total oil and gas production to 2.99 mboe/d in 2025 (Petrobras press release, 06/03/2026). In Brazil, crude oil production grew by 11% to 2,396 kboe/d, while gas production rose by 10% to 564 kboe/d; oil and gas overseas declined by 12% to 30 kboe/d.
The company started 44 new offshore production wells, 22 in the Santos Basin and 22 in the Campos Basin, and increased the capacity of different assets (including the FPSOs Almirante Tamandaré and Marechal Duque de Caxias) that contributed to the record oil exports, which reached 999 mb/d in the fourth quarter of 2025.
Petrobras's Capex rose by 22% in 2025, reaching USD20.3bn in 2025, reflecting the progress made on well campaigns and the completion construction milestones for company-owned FPSOs to be deployed in the Búzios, Atapu, and Sépia fields. The company also advanced on the leased FPSOs Almirante Tamandaré (Búzios 7), Alexandre de Gusmão (Mero 4), and Petrobras-owned FPSO P-78 (Búzios 6) that combined added 585 kb/d of nominal production capacity operated by Petrobras.
In 2025, Petrobras sold 1.7 mb/d of oil products on the Brazilian market (+1.6%), driven by the strong performance of diesel, gasoline, and jet fuel, which accounted for 74% of sales. Oil exports reached 765 kb/d.