Petrobras Q1 Profit Down 7%

Petrobras reported Q1 2026 net profit of 32.66 billion reais, a 7.2% decline year‑on‑year.
Adjusted EBITDA fell 2.4% to 59.64 billion reais, while net revenue rose 0.4% to 123.69 billion reais.
Profit drop occurred despite steady domestic fuel prices amid a global oil price surge linked to the Iran war.
Petrobras shares gained 1.87% following the earnings release, reflecting a modest positive market reaction.