Petrobras signs four-year Framo deal: stock holds USD 163.8 billion value

Published on 10/13/2026 at 12:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Framo will service four pump systems for four years. Petrobras stock costs EUR 22.65 on October 13, 2026, with NYSE listing.

Petrobras entered a four-year Framo service agreement covering offshore pumping systems across its FPSO fleet on October 12, 2026.
Second-quarter 2026 revenue reached USD 33.6 billion, up 60 percent year over year, while net income reached USD 10.4 billion, up 120 percent.
Petrobras stock was EUR 22.65 at Lang & Schwarz on October 13, 2026 at 12:10 p.m. CEST.
The next reported Petrobras event is scheduled for November 10, 2026, with an earnings call on November 11, 2026.

PBR, US71654V4086, Illustration mit AI erstellt.

Petrobras (ISIN US71654V4086) entered a four-year service agreement with Framo on October 12, 2026, while Petrobras stock carried a USD 163.8 billion market value. Zacks reported that the arrangement covers inspection, maintenance and training for four categories of pumping systems across Petrobras offshore assets.

Four-year offshore support agreement

The contract covers seawater lift, firewater, cargo and water injection pumps used on Petrobras floating production, storage and offloading vessels. Offshore Magazine reported on October 12, 2026, that the agreement includes annual inspections, maintenance and training, with local support managed from Rio de Janeiro.

The commercial value was not disclosed, so the agreement cannot be translated into a revenue or earnings estimate. Its measurable scope is operational: one supplier program covers four pump functions and a multi-year service period across the offshore fleet.

What do the latest results show?

Petrobras reported USD 33.6 billion of revenue in the second quarter of 2026, up 60 percent from the year-earlier period. Net income reached USD 10.4 billion, up 120 percent year over year, according to The Rio Times on October 12, 2026.

The same report said adjusted net income was USD 11.1 billion and adjusted EBITDA was USD 20.0 billion in the second quarter. Operating cash flow reached USD 12.3 billion, while capital spending was USD 5.3 billion, giving investors a clearer measure of the cash generated alongside the profit increase.

Three dated operating milestones

On August 6, 2026, Petrobras published second-quarter results showing USD 33.6 billion in revenue and USD 10.4 billion in net income, according to The Rio Times. On September 17, 2026, Petrobras agreed to operate eight offshore blocks in Cote d'Ivoire with a 90 percent stake, as Democrata reported. On October 12, 2026, the Framo agreement added a four-year maintenance framework for four pump systems, according to Offshore Magazine.

Upcoming dates and valuation context

The next earnings report is scheduled for November 10, 2026, with an earnings call on November 11, 2026, according to TradingView. The same listing showed an average analyst target of USD 22.32 after a reduction from USD 22.51, with seven Buy ratings and one Hold rating.

Petrobras stock had a USD 163.8 billion market capitalization on October 12, 2026. The primary listing is on the NYSE, where the finance quote showed a USD 11.43 to USD 25.80 52-week range on the same date. The Lang & Schwarz euro quote was EUR 22.65 on October 13, 2026 at 12:10 p.m. CEST; no percentage comparison is stated because the dated Xetra close required for the reference base was not established.

Petrobras stock stays tied to execution

The Framo agreement strengthens the maintenance structure around Petrobras offshore assets, but its direct financial effect remains unquantified. The more material current comparison is in the second-quarter results, where revenue rose 60 percent and net income rose 120 percent year over year.

The further course of trading is shown by the continuously updated real-time quote of Petrobras stock.