Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 93

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 93
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 was 2,231 million bbl/d.

Petrobras currently divides its activities into the following
segments of operations:

| · | Exploration and Production (“E&P”): this segment covers the activities of exploration, development and production                     
 of crude oil, NGL and natural gas in Brazil and abroad, for the primary purpose of supplying our domestic refineries. The E&P segment 
 also operates through partnerships with other companies, including holding interests in non-Brazilian companies in this segment;      |

| · | Refining, Transportation and Marketing: this segment covers the activities of refining, logistics, transport, acquisition and           
 exports of crude oil, as well as trading of oil products, in Brazil and abroad. This segment also includes the petrochemical operations 
 (which includes holding interests in petrochemical companies in Brazil), and fertilizer production; and                                 |

| · | Gas and Low Carbon Energies: this segment covers the activities of logistics and trading of natural gas and electricity, transportation 
 and trading of liquefied natural gas (“LNG”), generation of electricity by means of thermoelectric power plants, as well as             
 natural gas processing. It also includes renewable energy businesses, low carbon services (carbon capture, utilization and storage) and 
 the production of biodiesel and its co-products.                                                                                        |

Additionally, Petrobras has a Corporate and Other Businesses
classification that includes general corporate matters, in addition to distribution business. Corporate items mainly include those
related to corporate financial management, trade and other receivables, allowance for credit losses, gains (losses) with derivatives
(except those with commodity derivatives included in their respective segments), corporate overhead and other expenses, including
actuarial expenses related to pension and health care plans for beneficiaries. Other Businesses comprise the distribution of oil
products abroad (throughout South America). In 2021, the results of other businesses included the equity interest in our associate
Vibra Energia (formerly Petrobras Distribuidora) until July 2021 when we sold the remaining interest in this company. For
further information regarding Petrobras’ business segments, see Note 13 to Petrobras’ audited consolidated financial
statements included in the Petrobras Annual Report on Form 20-F for the year ended December 31, 2023 (the "2023 Form 20-F") incorporated by reference herein.

Petrobras’ principal executive office is
located at Av. Henrique Valadares, 28 – 20231-030 – Rio de Janeiro