Economy & Business - March 2026

BRAZIL | Petrobras posts rise in annual profit. The state-controlled oil company Petrobras released its 2025 financial results on 5 March, showing that its annual net profit for the year totalled R$110.1bn (US$19.6bn). This marks a 200.8% increase compared to the 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 exploration and production. The company’s total investments for 2025 stood at US$20.3bn, up by 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$1bn in 2024 to US$2bn last year. Petrobras 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.

End of preview - This article contains approximately 321 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial