Petrobras stock pops as CEO flags 1 million bpd at Tupi again — here’s what’s next
New York, Jan 14, 2026, 12:13 EST — Regular session Petróleo Brasileiro S.A. – Petrobras’ U.S.-listed shares (PBR) rose about 3.4% on Wednesday, trading near $12.72 after Chief Executive Magda Chambriard said the company has been producing about 1 million barrels per day (bpd) at its offshore Tupi field since Friday. “It is the rescue of a symbol for Brazil,” she told Reuters. (Baird Maritime / Work Boat World) The update matters because Petrobras investors watch production almost as closely as oil prices: a steadier run-rate at a mature, high-volume field can swing expectations for cash generation and, by extension,