Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 17

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 17
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the market price and marketability of the Notes.

Risks Relating to PGF and Petrobras

PGF’s operations and debt servicing capabilities are dependent on Petrobras.

PGF’s financial position and results of operations are directly affected by Petrobras’s decisions. PGF is an indirect, wholly-owned finance subsidiary of Petrobras incorporated in the Netherlands as a private company with limited liability. PGF does not currently have any operations, revenues or assets other than those related toits primary business of raising money for the purpose of on-lending to Petrobras
and other subsidiaries of Petrobras. PGF’s ability to satisfy its obligations under the Notes will depend on payments made to PGF
by Petrobras and other subsidiaries of Petrobras under the loans made by PGF. The Notes and all debt securities issued by PGF will be
fully and unconditionally guaranteed by Petrobras. Petrobras’s financial condition and results of operations, as well as Petrobras’s
financial support of PGF, directly affect PGF’s operational results and debt servicing capabilities.

<div align='center'>S-15

USE OF PROCEEDS</div>

The net proceeds from the
sale of the Notes, after payment of the underwriting discount but before expenses, are expected to be approximately U.S.$ million.

PGF intends to use the net
proceeds from the sale of the Notes for general corporate purposes.

<div align='center'>S-16

SELECTED FINANCIAL AND OPERATING INFORMATION</div>

This prospectus supplement
incorporates by reference (i) our unaudited condensed consolidated interim financial statements as of June 30, 2025 and for
the three-month and six-month periods ended June 30, 2025 and 2024, prepared in accordance with IAS 34 – “Interim Financial
Reporting” as issued by the IASB, and (ii) our audited consolidated financial statements as of December 31, 2024 and 2023
and for each of the years in the three-year period ended December 31, 2024, which have been prepared in accordance with the IFRS
Accounting Standards as issued by the IASB.

The selected financial information
as of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023, and 2022, presented in the tables below have
been derived from Petrobras’s audited consolidated financial statements. The selected financial