Petrobras reported a second-quarter 2026 earnings beat, with earnings per ADS of $1.72 versus the Zacks Consensus Estimate of $1.52, as record production, higher exports, and a sharp rise in Brent prices lifted results. Revenues surged 59.8% year over year to $33.61 billion, topping the consensus mark by 9%. Adjusted EBITDA reached $19.96 billion, up 95.1% year over year, while refinery utilization hit a record 101.2% and oil-products output rose 10.9% to 1.918 million barrels per day. The company identified about 270,000 barrels per day of remaining ramp-up capacity for the second half of 2026, but management expects Brent to move back toward strategic-plan assumptions, which could test earnings durability. Petrobras currently carries a Zacks Rank #4 (Sell), despite strong Style Scores of A across value, growth, momentum, and VGM.
Chevron Corp
Petroleo Brasileiro Petrobras SA ADR
Exxon Mobil Corp