Petrobras reaches R$ 800 billion market value amid new oil blocks and partner agreements

Petrobras has reached a historic milestone, with its market value exceeding R$ 800 billion for the first time. This surge is driven by rising global oil prices and record production levels, including 2.96 million barrels per day in September.

In its offshore operations, the company secured 12 new blocks in the Campos Basin through an ANP auction, representing R$ 2.97 billion in signature bonuses. Additionally, Petrobras finalized financial agreements regarding the Berbigão and Sururu fields in the Santos Basin. These agreements with partners Shell, TotalEnergies, and Petrogal will result in Petrobras receiving approximately US$ 859 million by November 2026.

On the domestic front, Petrobras has accumulated approximately R$ 16 billion in federal subsidies intended to mitigate market volatility for diesel, gasoline, and LPG. Recent disbursements include R$ 2.3 billion for diesel and R$ 467.7 million for gasoline.