Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 70

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 70
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 advisors about the tax consequences
of holding the Notes, including the relevance to your particular situation of the considerations discussed below, as well as of any other
tax laws. There currently are no income tax treaties between Brazil and the United States. Although Brazilian and U.S. tax authorities
have had discussions that may culminate in such a treaty, we cannot make any assurances regarding whether or when such a treaty will enter
into force or how it will affect holders of the Notes.

U.S. Federal Income Tax Considerations

The following is a summary
of certain U.S. federal income tax considerations that may be relevant to a holder of a Note. This summary is based on provisions of the
U.S. Internal Revenue Code of 1986, as amended (the “Code”), applicable Treasury regulations, laws, rulings and decisions
now in effect, all of which are subject to change, possibly with retroactive effect. This summary deals only with beneficial owners of
Notes that will hold Notes as capital assets and acquired notes upon original issuance at their original issue price. This summary does
not address particular tax considerations that may be applicable to investors that are subject to special tax rules, such as banks, tax-exempt
entities, insurance companies, regulated investment companies, dealers in securities or currencies, traders in securities electing to
mark to market, persons that will hold Notes as a position in a “straddle” or conversion transaction, or as part of a “synthetic
security” or other integrated financial transaction, entities taxed as partnerships or the partners therein, U.S. expatriates, nonresident
alien individuals present in the United States for more than 182 days in a taxable year, or persons that have a “functional currency”
other than the U.S. dollar.

This summary addresses only
U.S. federal income tax consequences, and does not address consequences arising under state, local, foreign tax laws, the alternative
minimum tax or the Medicare tax on net investment income or under special timing rules prescribed under section 451(b) of the
Code. Investors should consult their own tax advisors in determining the tax consequences to them of holding Notes under such tax laws,
as well as the application to their particular situation of the U.S. federal income tax considerations discussed below.

As used herein, a “U.S.
holder” is a beneficial owner of a Note that is, for U.S. federal income tax purposes, a citizen or resident of the United States
or a domestic corporation or that otherwise is subject to U