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Petrobras Earnings Miss Estimates Despite Record Production

The Brazilian state-controlled oil producer reported third-quarter results that fell short of analyst expectations.

2 publishers · 3 articles · first seen 10 Nov 2026 · updated 54m ago

Headline and summary written by an AI model from the linked articles; not reviewed by a person. How this was made

The odds

How the odds moved · Above 3250 mboed
0%50%100%89%9 Nov, 23:40 UTCnowBloomberg Markets: Citgo Reports Record Profits as Wartime Refining Margins Boom · 12 Nov, 14:11 UTCBloomberg Markets: Petrobras Earnings Disappoint Despite Oil, Refining Tailwinds · 10 Nov, 23:35 UTCQuartz: Citgo posted record quarterly profit as fuel-making margins boomed · 12 Nov, 14:53 UTC

Each tick is a source publishing on this story

Price data
TimeChance of yes
now89%
9 Nov, 23:40 UTC89%

The story so far

2 publishers have covered this in 3 articles since 10 Nov 2026. Bloomberg Markets published first, on 10 November at 23:35 UTC; Quartz followed 39h 19m later. The most recent article, from Quartz, appeared on 12 November at 14:53 UTC.

Outlets reporting it: Bloomberg Markets (major outlet), Quartz.

One prediction market prices this story:

  • Above 3250 mboed — the market puts it at 89%, closing 26 May 2027. The market resolves to Yes if Petrobras reports total oil and gas production above 3250 mboed in fiscal 2026. It resolves to No if the reported figure is 3250 mboed or lower. Readers often mistake the deadline for the end of calendar year 2026, but the resolution depends on the fiscal year report.

Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.

How it unfolded

Every source in the order it published, with the odds on Above 3250 mboed at that moment. A dash means the source published before we started tracking prices.

  1. Bloomberg MarketsPetrobras Earnings Disappoint Despite Oil, Refining Tailwinds89%
  2. Bloomberg MarketsCitgo Reports Record Profits as Wartime Refining Margins Boom89%
  3. QuartzCitgo posted record quarterly profit as fuel-making margins boomed89%
  4. Current odds89%

Sources

Every article we clustered into this story. Headlines link to the publisher.

  1. Citgo Reports Record Profits as Wartime Refining Margins Boom Bloomberg Markets ·
  2. Petrobras Earnings Disappoint Despite Oil, Refining Tailwinds Bloomberg Markets ·
  3. Citgo posted record quarterly profit as fuel-making margins boomed Quartz

Related prediction markets

Linked by software because they are about the same subject. Most ask a different question from the one this story reports, so read each market's own question. How often the link is right

  • Kalshi Above 3250 mboed · Petrobras total production (Mboed) in fiscal 2026 89% $0 24hends 26 May 2027

    Does the market have this right?

    Wrong market?

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In this story

  • Petrobras
  • Brazil
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