Geopolitics Alpha

Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record

Published . Updated .

Key takeaways

  • Petrobras reports higher third-quarter earnings, record oil production, and an improved 2026 production outlook.
  • Exposed: USO, XLE, BWET, EWZ, XOM
  • Market reaction: USO +2.4% on the day (still updating); XLE +1.6% on the day (still updating); BWET +4.9% on the day (still updating)

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Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record

Petrobras reports higher third-quarter earnings, record oil production, and an improved 2026 production outlook.

Directly affected

  • PBR Petrobras - Petroleo Brasileiro

    Named in this report.

Indirectly affected

  • USO United States Oil Fund

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • BWET Breakwave Tanker Shipping ETF

    Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.

  • EWZ iShares MSCI Brazil ETF

    iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“petrobras”).

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • COP ConocoPhillips

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • SHEL Shell

    Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
PBR+7.39%+1.42%base-0.99%after closeafter closeafter close
USO+2.78%+4.95%base+2.37%after closeafter closeafter close
XLE+2.11%-0.95%base+1.57%after closeafter closeafter close
BWET+35.67%+29.19%base+4.90%after closeafter closeafter close
EWZ+0.37%-0.44%base+1.06%after closeafter closeafter close
XOM+3.07%+0.89%base+1.25%after closeafter closeafter close
CVX+2.73%+0.67%base+0.78%after closeafter closeafter close
COP+0.96%+0.52%base+1.36%after closeafter closeafter close
SHEL+4.68%+1.86%base+0.63%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record Crude Oil Prices Today | OilPrice.com

Source: Crude Oil Prices Today | OilPrice.com

United States Oil Fund (USO) since this story, compared with the market

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)that day+4.90%still updating
Amplify Commodity Trust (BWET)three days earlier+29.19%final price
Amplify Commodity Trust (BWET)five days earlier+35.67%final price
Conocophillips (COP)that day+1.36%still updating
Conocophillips (COP)three days earlier+0.52%final price
Conocophillips (COP)five days earlier+0.96%final price
Chevron (CVX)that day+0.78%still updating
Chevron (CVX)three days earlier+0.67%final price
Chevron (CVX)five days earlier+2.73%final price
Ishares Msci Brazil Etf (EWZ)that day+1.06%still updating
Ishares Msci Brazil Etf (EWZ)three days earlier-0.44%final price
Ishares Msci Brazil Etf (EWZ)five days earlier+0.37%final price
Petrobras - Petroleo Brasileiro (PBR)that day-0.99%still updating
Petrobras - Petroleo Brasileiro (PBR)three days earlier+1.42%final price
Petrobras - Petroleo Brasileiro (PBR)five days earlier+7.39%final price
SHELthat day+0.63%still updating
SHELthree days earlier+1.86%final price
SHELfive days earlier+4.68%final price
United States Oil Fund (USO)that day+2.37%still updating
United States Oil Fund (USO)three days earlier+4.95%final price
United States Oil Fund (USO)five days earlier+2.78%final price
Select Sector Spdr Tr (XLE)that day+1.57%still updating
Select Sector Spdr Tr (XLE)three days earlier-0.95%final price
Select Sector Spdr Tr (XLE)five days earlier+2.11%final price
ExxonMobil Holdings (XOM)that day+1.25%still updating
ExxonMobil Holdings (XOM)three days earlier+0.89%final price
ExxonMobil Holdings (XOM)five days earlier+3.07%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Companies in energy around United States Oil Fund (USO)

Companies carried with this story

  • USO United States Oil Fund

    For “Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    In “Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • BWET Amplify Commodity Trust

    In “Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story

  • EWZ Ishares Msci Brazil Etf

    In “Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record,” Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“petrobras”)

  • XOM ExxonMobil Holdings

    ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • CVX Chevron

    For “Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • COP Conocophillips

    For “Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • PBR Petrobras - Petroleo Brasileiro

    In “Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record,” Petrobras - Petroleo Brasileiro (PBR) is linked, with no stored direction, medium confidence. Reason on file: Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas, with business in Brazil): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

How energy news reaches United States Oil Fund (USO)

United States Oil Fund (USO) is the company in “Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record,” the 11 Nov 2026 Energy story.

What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

Dates and price levels for United States Oil Fund (USO)

BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.

A simple score for United States Oil Fund (USO)

46 out of 100Price not final

“Petrobras Q3 Profit Rises 22% as Oil Production Hits New Record” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.