August 07, 2025
“Our operational performance in the second quarter was excellent, driven by the implementation of new production systems and improved efficiency in operating fields. These factors allowed us to increase oil and gas volumes, positively impacting financial results and mitigating the impacts of the decline in Brent prices. Net income and adjusted EBITDA, excluding one-off events, remained at the same level as the previous quarter, when Brent prices were 10% higher.”
Fernando Melgarejo, Chief Financial and Investor Relations Officer
Petrobras posted a net profit of US$4.7 billion in the second quarter of 2025, driven by increased oil production, which offset the impact of the 10% drop in Brent crude oil prices during the quarter. Excluding one-off events, the quarter’s result was US$4.1 billion, similar to the previous quarter.
Adjusted EBITDA, excluding one-off events, reached US$10.2 billion. Operating Cash Flow (OCF), which represents cash generation from the company’s operating activities, totaled US$7.5 billion in the quarter, driven by increased oil and gas production. Investments (Capex) totaled US$4.4 billion in the second quarter of 2025, with a greater focus on pre-salt projects.
Check here for 2Q25 Performance Report.
Brazil Energy Insight 
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