LatinNews Daily - 06 March 2026

*Brazil’s state-controlled oil company Petrobras has released its latest financial results, showing that its net profit for 2025 totalled R$110.1bn (US$19.6bn). This marks a 200.8% increase compared to the annual net profit of R$36.6bn registered for 2024. In a press release, the oil giant pointed to an 11% annual rise in oil and gas production as a factor that drove the significant profits for 2025, as well as highlighting that it has boosted investment particularly in production and exploration. The company’s total investments for 2025 stood at US$20.3bn, up 22.2% compared to the previous year. Investment in projects to develop production units rose by 19.1%, from US$10.9bn in 2024 to US$13.0bn in 2025, while investment in exploration saw an even greater annual rise of 93.9%, from US$1.0bn in 2024 to US$2.0bn last year. The Petrobras statement also attributed the higher net profit for 2025 to factors such as exchange rates, with the Brazilian real increasing in value relative to the US dollar.

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