Petrobras reported second-quarter net profit of R$52.4 billion (US$10.4 billion), nearly doubling the prior-year figure as record production levels drove strong operational performance.
The Brazilian state-controlled oil major also posted adjusted EBITDA of R$93.8 billion for the three-month period.
336 million barrels of oil equivalent per day in the second quarter.
The results underscore the company's ability to generate cash flow even as it navigates shifting export strategies.
Petrobras announced R$17.4 billion in dividends and interest on equity, a substantial return to shareholders that exceeds the approximately US$3 billion payout anticipated by market analysts ahead of the release.
The dividend commitment reinforces the company's role as a key income generator for Brazilian investors and pension funds.
Operational strength underpinned the financial results, with the company reporting record production of 3.336 million barrels of oil equivalent per day in the second quarter.