Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 212

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 212
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. Therefore, it is not possible to predict at this time whether we will be responsible for the actual payment of compensation in any future individual actions, as this analysis will depend on the outcome of complex procedures. Furthermore, it is not possible to know which investors will be able to file subsequent individual actions related to this matter against Petrobras.
 We continue to deny the allegations presented by the Foundation and will continue to defend ourselves vigorously.
 
Other Related Investor Claims
 Arbitration in Brazil
 As of December 31, 2024, we were party to arbitration proceedings brought by Brazilian and foreign investors that purchased our shares traded on the B3, alleging financial losses caused by facts uncovered in Lava Jato.
 Due to substantial uncertainties inherent to these kinds of proceedings and the highly uncertain impacts of such allegations, it is not possible for us to identify possible risks related to this action and to produce a reliable estimate of eventual loss.
 Depending on the outcome of these claims, we may have to pay substantial amounts, which may have a significant effect on our financial condition.
 In September 2024, the collective arbitration ruled in favor of the company, with the illegitimacy of the plaintiff association to file a collective claim being recognized by the Arbitral Tribunal. The arbitration is confidential.
 In January 2025, one of the arbitration proceedings ruled in favor of the company, establishing that the damages alleged by investors are indirect and, therefore, not indemnifiable. The award is final and the arbitration is confidential.
 The remaining arbitration proceedings do not have a definitive judgment by the respective arbitral tribunals. However, in one of the arbitrations, proposed by two institutional investors, in May 2020, a partial arbitration award that indicated our liability, but did not determine our payment of amounts, nor did it end the procedure, was issued. This arbitration is confidential, as well as the others in progress, and the partial award represented only the position of the three arbitrators of such arbitration panel and was not extendable to the other existing arbitrations. In July 2020, we filed a lawsuit for the annulment of this partial arbitration award, considering our view that it contained serious flaws and improprieties. In November 2020, the first level judge of Rio de Janeiro state court declared the partial award null. The Rio de Janeiro state court’s decision after the appeal has not yet been released. In compliance with CAM rules, the cases are confidential. We reiterate that we will continue to defend ourselves vigorously, out of respect for our current