Petrobras Oil Production Reaches 2.40M Barrels per Day in 2025, Exceeding Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
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Petrobras announced hat, in 2025, its oil production reached 2.40M barrels of oil per day, exceeding the upper limit of the target of +4% set in its 2025-2029 Business Plan by 0.5 percentage points. This result represents an 11% increase compared to 2024 production. Total oil and natural gas production surpassed the upper limit of the target by 2.8 percentage points, reaching 2.99M barrels of oil equivalent per day, representing an 11% increase compared to 2024 production. Commercial oil and natural gas production reached 2.62M boed, exceeding the upper limit of the projected target by 0.9 percentage points. In addition to surpassing the established guidances, the oil production, commercial production, and total production figures broke historical annual records registered over more than 70 years of operations. The company also set new annual records in the pre-salt, with own total production of 2.45M boed and operated production of 3.70M boed. Production volume in the pre-salt accounts for 82% of Petrobras' total production.
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Analyst Views on PBR
Wall Street analysts forecast PBR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBR is 15.15 USD with a low forecast of 13.30 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 15.520
Low
13.30
Averages
15.15
High
17.00
Current: 15.520
Low
13.30
Averages
15.15
High
17.00
About PBR
Petroleo Brasileiro SA Petrobras is a Brazil-based company. The Company specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production (exploration, development, and production of crude oil, natural gas liquids, and natural gas); Refining, Transportation, and Marketing (refining, logistics, transport, trading of oil products, ethanol export, shale processing); Gas and Power (transportation and trading of natural and imported gas); Biofuels (production of biodiesel and ethanol); Distribution (fuel distribution); and Corporate (administrative and support functions).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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