Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 174

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 174
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financial information. Accordingly, the degree of reliance on their reports on such financial information should be restricted in light
of the limited nature of the review procedures applied. The accountants are not subject to the liability provisions of Section 11
of the Securities Act for their reports on the unaudited condensed consolidated interim financial information because those reports are
not a “report” or a “part” of the registration statement prepared or certified by the accountants within the meaning
of Sections 7 and 11 of the Securities Act.

The consolidated financial statements of Petrobras
as of December 31, 2023 and 2022 and for each of the years in the three-year period ended December 31, 2023, and management’s
assessment of the effectiveness of internal control over financial reporting as of December 31, 2023 (which is included in Management’s
Report on Internal Control over Financial Reporting) incorporated herein by reference to the Annual Report on Form 20-F filed with the SEC on April 12, 2024 have been so incorporated in reliance on the reports of KPMG, incorporated by reference herein and upon
the authority of said firm as experts in auditing and accounting.

Certain oil and gas reserve data incorporated by
reference herein by reference to the 2023 Form 20-F were reviewed by DeGolyer and MacNaughton as indicated therein, in reliance upon
the authority of such firm as expert in estimating proved oil and gas reserves.

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VALIDITY OF SECURITIES</div>

Heussen B.V., special Dutch counsel for PGF or
any other law firm named in the applicable prospectus supplement, will pass upon the validity of the debt securities and debt warrants
that may be issued by PGF as to certain matters of Dutch law.

Petrobras’ general counsel or acting general
counsel will pass upon the validity of the debt securities, warrants, preferred shares, common shares, mandatory convertible securities
and guaranties that may be issued by Petrobras as to certain matters of Brazilian law.

Cleary Gottlieb Steen & Hamilton LLP or
any other law firm named in the applicable prospectus supplement will pass upon the validity of the debt securities, warrants, mandatory
convertible securities and guaranties that may be issued by PGF or Petrobras as to certain matters of New York law.

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DIFFICULTIES OF ENFORCING CIVIL LIABILITIES AGAINST