Petrobras (PBR) Reports 2025 Results Amid 14% Brent Drop as Output Hits 1M BPD Milestones

Petrobras (NYSE:PBR) is one of the most promising stocks under $20. On March 5, Petrobras reported financial results for 2025, despite a challenging external environment marked by a 14% year-over-year decline in Brent crude prices to $69 per barrel. To mitigate this drop, the company achieved an 11% increase in total oil production, reaching milestones like the 1 million barrel-per-day mark at both the Búzios and Tupi/Iracema fields.

These operational gains supported a net income of $19.6 billion and an adjusted EBITDA of $42.5 billion, underscoring the company’s ability to maintain strong cash flow through high-quality pre-salt assets and increased lifting efficiency. The company’s downstream and logistics sectors also reached peak performance levels, with refineries hitting a 92% utilization rate. High-value products like diesel, gasoline, and aviation fuel accounted for ~74% of total sales, while the expansion into renewable energy saw the launch of sustainable aviation fuel and green diesel initiatives.

Additionally, Petrobras strengthened its long-term outlook by incorporating 1.7 billion barrels of oil into its proven reserves, achieving its highest reserve replacement level in a decade and ensuring sustained production capacity for the future. For 2026, management reaffirmed a focus on capital discipline, production growth, and operational excellence. Petrobras (NYSE:PBR) invested over $20 billion in 2025, a 22% increase year-over-year, with a heavy emphasis on exploration and production.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) explores, produces, and sells oil and gas in Brazil and internationally. It operates through three segments: Exploration & Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies.

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