Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 14

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 14
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 subject to certain exceptions. In the event Petrobras is obligated to make payments to the holders under the guaranties, Petrobras will                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 pay such additional amounts as are necessary to ensure that the holders receive the same amount as they would have received without such                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 withholding or deduction, subject to certain exceptions. See “Description of the Notes—Covenants—Additional Amounts.”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                           |

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| Governing Law |     | The indenture, the Notes, and the guaranties will be governed by, and construed in accordance with, the laws of the State of New York.                                                                                                                                                                                                            |
| Listing       |     | PGF intends to apply to have the Notes approved for listing on the NYSE.                                                                                                                                                                                                                                                                          |
| Risk Factors  |     | You should carefully consider the risk factors discussed beginning on page S-14, the section entitled “Risk Factors” in Petrobras’s 2024 Form 20-F, which is incorporated by reference in this prospectus supplement, and the other information included or incorporated by reference in this prospectus supplement, before purchasing any Notes. |

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RISK FACTORS</div>

Our 2024 Form 20-F includes extensive risk factors relating to our operations, our compliance and control risks, our relationship with the Brazilian federal government, and to Brazil. You should carefully consider those risks and the risks described below, as well as the other information included or incorporated by reference in this prospectus supplement and the accompanying prospectus, before making a decision to invest in the Notes.

Risks Relating to PGF’s Debt Securities

The market for the Notes may not be liquid.

The Notes are an issuance
of new securities with no established trading market. We intend to apply to list the Notes on the NYSE. We can provide no assurance as
to the liquidity of trading markets for the Notes offered by this prospectus supplement. We cannot guarantee that holders of the Notes
will be able to sell their Notes in the future. If a market for the Notes does not develop, holders of the Notes may not be able to resell
the Notes for an extended period of time, if at all.

Restrictions on the movement of capital out of Brazil may impair your ability to receive payments on the guaranties and restrict Petrobras’s ability to make payments to PGF in U.S. dollars.

In the