# EDGAR Filing Document

**Accession Number:** 0001119639
**File Stem:** 0001292814-26-002988
**Filing Date:** 2026-5
**Character Count:** 235814
**Document Hash:** 5836f1883a375670c87d2e2ed325fe9c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001292814-26-002988.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001292814-26-002988

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PETROBRAS - PETROLEO BRASILEIRO SA
- **CENTRAL INDEX KEY:** 0001119639
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-15106
- **FILM NUMBER:** 26966480

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** AVENIDA REPUBLICA DO CHILE 65
- **CITY:** RIO DE JANERIO RJ BR
- **PROVINCE COUNTRY:** D5
- **BUSINESS PHONE:** 55-21-534-4477

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** AVENIDA REPUBLICA DO CHILE 65
- **CITY:** RIO DE JANERIO RJ BR
- **PROVINCE COUNTRY:** D5

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRAZILIAN PETROLEUM CORP
- **DATE OF NAME CHANGE:** 20000717

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

Report of Foreign Private Issuer<br> Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

**For the month of May, 2026**

**Commission File Number 1-15106**

**PETRÓLEO BRASILEIRO S.A. – PETROBRAS**

(Exact name of registrant as specified in its charter)

**Brazilian Petroleum Corporation – PETROBRAS**

(Translation of Registrant's name into English)

**Avenida Henrique Valadares, 28 – 9th floor <br> 20231-030 – Rio de Janeiro, RJ<br> Federative Republic of Brazil**

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

*Interim Financial Information*

 

*PETRÓLEO BRASILEIRO S.A. - PETROBRAS*

 

*As of March 31, 2026 and report on review of interim financial information*

*(A free translation of the original in Portuguese)*

![](image_001.jpg)

INDEX

PETROBRAS

---

| | |
|:---|:---|
| [Parent Company Interim Accounting Information / Statement of Financial Position - Assets](#a_001) | [3](#a_001) |
| [Parent Company Interim Accounting Information / Statement of Financial Position - Liabilities](#a_002) | [4](#a_002) |
| [Parent Company Interim Accounting Information / Statement of Income](#a_003) | [5](#a_003) |
| [Parent Company Interim Accounting Information / Statement of Comprehensive Income](#a_004) | [6](#a_004) |
| [Parent Company Interim Accounting Information / Statement of Changes in Shareholders' Equity - 01/01/2026 to 03/31/2026](#a_005) | [7](#a_005) |
| [Parent Company Interim Accounting Information / Statement of Changes in Shareholders' Equity - 01/01/2025 to 03/31/2025](#a_006) | [8](#a_006) |
| [Parent Company Interim Accounting Information / Statement of Cash Flows – Indirect Method](#a_007) | [9](#a_007) |
| [Parent Company Interim Accounting Information / Statement of Added Value](#a_008) | [10](#a_008) |
| [Consolidated Interim Accounting Information / Statement of Financial Position - Assets](#a_009) | [11](#a_009) |
| [Consolidated Interim Accounting Information / Statement of Financial Position - Liabilities](#a_010) | [12](#a_010) |
| [Consolidated Interim Accounting Information / Statement of Income](#a_011) | [13](#a_011) |
| [Consolidated Interim Accounting Information / Statement of Comprehensive Income](#a_012) | [14](#a_012) |
| [Consolidated Interim Accounting Information / Statement of Changes in Shareholders' Equity - 01/01/2026 to 03/31/2026](#a_013) | [15](#a_013) |
| [Consolidated Interim Accounting Information / Statement of Changes in Shareholders' Equity - 01/01/2025 to 03/31/2025](#a_014) | [16](#a_014) |
| [Consolidated Interim Accounting Information / Statement of Cash Flows – Indirect Method](#a_015) | [17](#a_015) |
| [Consolidated Interim Accounting Information / Statement of Added Value](#a_016) | [18](#a_016) |
| [1. Basis of preparation](#a_017) | [19](#a_017) |
| [2. Material accounting policies](#a_018) | [19](#a_018) |
| [3. Cash and cash equivalents and financial investments](#a_019) | [19](#a_019) |
| [4. Sales revenues](#a_020) | [21](#a_020) |
| [5. Costs and expenses by nature](#a_021) | [22](#a_021) |
| [6. Other income and expenses, net](#a_022) | [22](#a_022) |
| [7. Net finance income (expense)](#a_023) | [23](#a_023) |
| [8. Information by operating segments](#a_024) | [23](#a_024) |
| [9. Trade and other receivables](#a_025) | [26](#a_025) |
| [10. Inventories](#a_026) | [27](#a_026) |
| [11. Prepayments](#a_027) | [28](#a_027) |
| [12. Trade payables](#a_028) | [28](#a_028) |
| [13. Taxes](#a_029) | [28](#a_029) |
| [14. Employee benefits](#a_030) | [32](#a_030) |
| [15. Provisions for legal proceedings, judicial deposits and contingent liabilities](#a_031) | [35](#a_031) |
| [16. Provision for decommissioning costs](#a_032) | [39](#a_032) |
| [17. Other assets and liabilities](#a_033) | [40](#a_033) |
| [18. Property, plant and equipment](#a_034) | [41](#a_034) |
| [19. Intangible assets](#a_035) | [43](#a_035) |
| [20. Impairment](#a_036) | [43](#a_036) |
| [21. Exploration and evaluation of oil and gas reserves](#a_037) | [44](#a_037) |
| [22. Investments](#a_038) | [45](#a_038) |
| [23. Disposal of assets and other transactions](#a_039) | [45](#a_039) |
| [24. Finance debt](#a_040) | [47](#a_040) |
| [25. Lease liability](#a_042) | [50](#a_042) |
| [26. Equity](#a_041) | [51](#a_041) |
| [27. Financial risk management](#a_043) | [54](#a_043) |
| [28. Related party transactions](#a_044) | [59](#a_044) |
| [29. Supplemental information on statement of cash flows](#a_045) | [63](#a_045) |
| [30. Subsequent events](#a_046) | [64](#a_046) |
| [31. Correlation between the explanatory notes of December 31, 2025, and the ones of March 31, 2026](#a_047) | [66](#a_047) |
| [Statement of Directors on Interim Accounting Information and Report on the Review of Quarterly Information](#a_048) | [67](#a_048) |
| [Report on the review of quarterly information - ITR](#a_049) | [68](#a_049) |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Parent Company Interim Accounting Information / Statement of Financial Position - Assets**

(R$ Thousand)

---

| | | | |
|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **03.31.2026** | **12.31.2025** |
| 1 | Total Assets | 1602422000 | 1592566000 |
| 1.01 | Current Assets | 170713000 | 162385000 |
| 1.01.01 | Cash and Cash Equivalents | 3732000 | 2316000 |
| 1.01.02 | Financial Investments | 12126000 | 14775000 |
| 1.01.03 | Trade and Other Receivables | 95121000 | 88627000 |
| 1.01.04 | Inventories | 40897000 | 38682000 |
| 1.01.06 | Recoverable Taxes | 10030000 | 10421000 |
| 1.01.06.01 | Current Recoverable Taxes | 10030000 | 10421000 |
| 1.01.06.01.01 | Income Taxes | 3487000 | 3408000 |
| 1.01.06.01.02 | Other Recoverable Taxes | 6543000 | 7013000 |
| 1.01.08 | Other Current Assets | 8807000 | 7564000 |
| 1.01.08.01 | Non-Current Assets Held for Sale | 874000 | 872000 |
| 1.01.08.03 | Others | 7933000 | 6692000 |
| 1.01.08.03.03 | Prepayments | 2200000 | 1848000 |
| 1.01.08.03.04 | Others | 5733000 | 4844000 |
| 1.02 | Non-Current Assets | 1431709000 | 1430181000 |
| 1.02.01 | Long-Term Receivables | 136014000 | 135898000 |
| 1.02.01.04 | Trade and Other Receivables | 3147000 | 4343000 |
| 1.02.01.07 | Deferred Taxes | 25394000 | 24570000 |
| 1.02.01.07.01 | Income taxes | 1910000 | 1931000 |
| 1.02.01.07.02 | Deferred Taxes and Contributions | 23484000 | 22639000 |
| 1.02.01.10 | Other Non-Current Assets | 107473000 | 106985000 |
| 1.02.01.10.04 | Judicial Deposits | 82916000 | 81033000 |
| 1.02.01.10.05 | Prepayments | 22719000 | 24366000 |
| 1.02.01.10.06 | Other Assets | 1838000 | 1586000 |
| 1.02.02 | Investments | 329684000 | 346724000 |
| 1.02.03 | Property, Plant and Equipment | 952360000 | 933998000 |
| 1.02.04 | Intangible Assets | 13651000 | 13561000 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Parent Company Interim Accounting Information / Statement of Financial Position - Liabilities**

(R$ Thousand)

---

| | | | |
|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **03.31.2026** | **12.31.2025** |
| 2 | Total Liabilities | 1602422000 | 1592566000 |
| 2.01 | Current Liabilities | 371496000 | 342435000 |
| 2.01.01 | Payroll, Profit Sharing and Related Charges | 12429000 | 13799000 |
| 2.01.02 | Trade Payables | 39670000 | 42071000 |
| 2.01.03 | Taxes Obligations | 6438000 | 4292000 |
| 2.01.03.01 | Federal Taxes Obligations | 6438000 | 4292000 |
| 2.01.03.01.01 | Income Tax and Social Contribution Payable | 6438000 | 4292000 |
| 2.01.04 | Current Debt and Finance Lease Obligations | 255249000 | 216498000 |
| 2.01.04.01 | Current Debt | 201283000 | 160408000 |
| 2.01.04.03 | Lease Obligations | 53966000 | 56090000 |
| 2.01.05 | Other Liabilities | 36005000 | 43381000 |
| 2.01.05.02 | Others | 36005000 | 43381000 |
| 2.01.05.02.01 | Dividends and Interest on Capital Payable | - | 11415000 |
| 2.01.05.02.04 | Production Taxes and Other Taxes Payable | 25332000 | 20690000 |
| 2.01.05.02.06 | Other liabilities | 10673000 | 11276000 |
| 2.01.06 | Provisions | 21133000 | 21828000 |
| 2.01.06.02 | Other Provisions | 21133000 | 21828000 |
| 2.01.06.02.04 | Pension and Medical Benefits | 5773000 | 5701000 |
| 2.01.06.02.05 | Provision for Decommissioning Costs | 15360000 | 16127000 |
| 2.01.07 | Liabilities Associated with Non-Current Assets Held for Sale and Discontinued | 572000 | 566000 |
| 2.01.07.01 | Liabilities Associated with Non-Current Assets Held for Sale | 572000 | 566000 |
| 2.02 | Non-Current Liabilities | 785737000 | 834345000 |
| 2.02.01 | Non-Current Debt and Finance Lease Obligations | 478836000 | 542082000 |
| 2.02.01.01 | Non-Current Debt | 301051000 | 355050000 |
| 2.02.01.03 | Lease Obligations | 177785000 | 187032000 |
| 2.02.02 | Other Liabilities | 3111000 | 3144000 |
| 2.02.02.02 | Others | 3111000 | 3144000 |
| 2.02.02.02.03 | Income Taxes | 3111000 | 3144000 |
| 2.02.03 | Deferred Taxes | 54176000 | 39684000 |
| 2.02.03.01 | Deferred Income Taxes | 54176000 | 39684000 |
| 2.02.04 | Provisions | 249614000 | 249435000 |
| 2.02.04.01 | Provisions for Tax Social Security, Labor and Civil Lawsuits | 16888000 | 17165000 |
| 2.02.04.02 | Other Provisions | 232726000 | 232270000 |
| 2.02.04.02.04 | Pension and Medical Benefits | 84050000 | 82726000 |
| 2.02.04.02.05 | Provision for Decommissioning Costs | 139536000 | 140182000 |
| 2.02.04.02.06 | Employee Benefits | 220000 | 220000 |
| 2.02.04.02.07 | Other liabilities | 8920000 | 9142000 |
| 2.03 | Shareholders' Equity | 445189000 | 415786000 |
| 2.03.01 | Share Capital | 205432000 | 205432000 |
| 2.03.02 | Capital Reserves | 3322000 | 3322000 |
| 2.03.04 | Profit Reserves | 158062000 | 158062000 |
| 2.03.05 | Retained Earnings/Losses | 32755000 | - |
| 2.03.08 | Other Comprehensive Income | 45618000 | 48970000 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Parent Company Interim Accounting Information / Statement of Income**

(R$ thousand)

---

| | | | |
|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **Accumulated of the Current Period 01/01/2026 to 03/31/2026** | **Accumulated of the Previous Period 01/01/2025 to 03/31/2025** |
| 3.01 | Sales Revenues | 128167000 | 121652000 |
| 3.02 | Cost of Sales | (65656000) | (63233000) |
| 3.03 | Gross Profit | 62511000 | 58419000 |
| 3.04 | Operating Expenses / Income | (14109000) | (11917000) |
| 3.04.01 | Selling Expenses | (7233000) | (6906000) |
| 3.04.02 | General and Administrative Expenses | (2092000) | (2219000) |
| 3.04.05 | Other Operating Expenses | (5672000) | (8088000) |
| 3.04.05.01 | Other Taxes | (1938000) | (358000) |
| 3.04.05.02 | Research and Development Expenses | (1316000) | (1179000) |
| 3.04.05.03 | Exploration Costs | (604000) | (1739000) |
| 3.04.05.05 | Other Operating Expenses, Net | (3993000) | (4501000) |
| 3.04.05.07 | Impairment (losses) reversals, net | 2179000 | (311000) |
| 3.04.06 | Share of Profit / Gains on Interest in Equity-Accounted Investments | 888000 | 5296000 |
| 3.05 | Net Income Before Financial Results and Income Taxes | 48402000 | 46502000 |
| 3.06 | Finance Income (Expenses), Net | 2667000 | 6117000 |
| 3.06.01 | Finance Income | 2853000 | 3211000 |
| 3.06.01.01 | Finance Income | 2853000 | 3211000 |
| 3.06.02 | Finance Expenses | (186000) | 2906000 |
| 3.06.02.01 | Finance Expenses | (11572000) | (12350000) |
| 3.06.02.02 | Foreign Exchange and Inflation Indexation Charges, Net | 11386000 | 15256000 |
| 3.07 | Net Income Before Income Taxes | 51069000 | 52619000 |
| 3.08 | Income Tax and Social Contribution | (18406000) | (17410000) |
| 3.08.01 | Current | (11830000) | (10231000) |
| 3.08.02 | Deferred | (6576000) | (7179000) |
| 3.09 | Net Income from Continuing Operations | 32663000 | 35209000 |
| 3.11 | Income / (Loss) for the Period | 32663000 | 35209000 |
| 3.99.01 | Income per Share |  |  |
| 3.99.01.01 | Ordinary Shares | 2.53 | 2.73 |
| 3.99.01.02 | Preferred Shares | 2.53 | 2.73 |
| 3.99.02 | Diluted Income per Share |  |  |
| 3.99.02.01 | Ordinary Shares | 2.53 | 2.73 |
| 3.99.02.02 | Preferred Shares | 2.53 | 2.73 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Parent Company Interim Accounting Information / Statement of Comprehensive Income**

(R$ thousand)

---

| | | | |
|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **Accumulated of the Current Period 01/01/2026 to 03/31/2026** | **Accumulated of the Previous Period 01/01/2025 to 03/31/2025** |
| 4.01 | Net Income for the Period | 32663000 | 35209000 |
| 4.02 | Other Comprehensive Income | (3352000) | (5374000) |
| 4.02.03 | Translation Adjustments in investees | (18142000) | (27954000) |
| 4.02.07 | Unrealized Gains / (Losses) on Cash Flow Hedge - Recognized in Shareholders' Equity | 19734000 | 28940000 |
| 4.02.08 | Unrealized Gains / (Losses) on Cash Flow Hedge - Reclassified to Profit and Loss | 2654000 | 4237000 |
| 4.02.09 | Deferred Income Taxes on Cash Flow Hedge | (7612000) | (11280000) |
| 4.02.10 | Share of Other Comprehensive Income of Equity-Accounted Investments | 14000 | 683000 |
| 4.03 | Total Comprehensive Income for the Period | 29311000 | 29835000 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Parent Company Interim Accounting Information / Statement of Changes in Shareholders' Equity - 01/01/2026 to 03/31/2026**

(R$ thousand)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **Share Capital** | **Capital Reserves, Granted Options and Treasury Shares** | **Profit Reserves** | **Retained Earnings / Accumulated Losses** | **Other Comprehensive Income** | **Shareholders' Equity** |
| 5.01 | Balance at the Beginning of the Period | 205432000 | 3322000 | 158062000 | - | 48970000 | 415786000 |
| 5.03 | Adjusted Opening Balance | 205432000 | 3322000 | 158062000 | - | 48970000 | 415786000 |
| 5.04 | Capital Transactions with Owners | - | - | - | 92000 | - | 92000 |
| 5.04.11 | Expired dividends | - | - | - | 92000 | - | 92000 |
| 5.05 | Total of Comprehensive Income | - | - | - | 32663000 | (3352000) | 29311000 |
| 5.05.01 | Net Income for the Period | - | - | - | 32663000 | - | 32663000 |
| 5.05.02 | Other Comprehensive Income | - | - | - | - | (3352000) | (3352000) |
| 5.07 | Balance at the End of the Period | 205432000 | 3322000 | 158062000 | 32755000 | 45618000 | 445189000 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Parent Company Interim Accounting Information / Statement of Changes in Shareholders' Equity - 01/01/2025 to 03/31/2025**

(R$ thousand)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **Share Capital** | **Capital Reserves, Granted Options and Treasury Shares** | **Profit Reserves** | **Retained Earnings / Accumulated Losses** | **Other Comprehensive Income** | **Shareholders' Equity** |
| 5.01 | Balance at the Beginning of the Period | 205432000 | (2241000) | 94977000 | - | 67838000 | 366006000 |
| 5.03 | Adjusted Opening Balance | 205432000 | (2241000) | 94977000 | - | 67838000 | 366006000 |
| 5.04 | Capital Transactions with Owners | - | 5563000 | (5563000) | - | - | - |
| 5.04.12 | Cancellation of treasury shares | - | 5563000 | (5563000) | - | - | - |
| 5.05 | Total of Comprehensive Income | - | - | - | 35209000 | (5374000) | 29835000 |
| 5.05.01 | Net Income for the Period | - | - | - | 35209000 | - | 35209000 |
| 5.05.02 | Other Comprehensive Income | - | - | - | - | (5374000) | (5374000) |
| 5.07 | Balance at the End of the Period | 205432000 | 3322000 | 89414000 | 35209000 | 62464000 | 395841000 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Parent Company Interim Accounting Information / Statement of Cash Flows – Indirect Method**

(R$ Thousand)

---

| | | | |
|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **Accumulated of the Current Period 01/01/2026 to 03/31/2026** | **Accumulated of the Previous Period** <br> **01/01/2025 to 03/31/2025** |
| 6.01 | Net cash provided by operating activities | 15416000 | 41765000 |
| 6.01.01 | Cash provided by operating activities | 69591000 | 64197000 |
| 6.01.01.01 | Net Income for the period | 32663000 | 35209000 |
| 6.01.01.02 | Pension and medical benefits (actuarial expense) | 2760000 | 2368000 |
| 6.01.01.03 | Results in equity-accounted investments | (888000) | (5296000) |
| 6.01.01.04 | Depreciation, depletion and amortization | 22262000 | 19639000 |
| 6.01.01.05 | Impairment of assets (reversals), net | (2179000) | 311000 |
| 6.01.01.06 | Exploratory expenditures write-offs | 12000 | 1202000 |
| 6.01.01.07 | Losses on legal, administrative and arbitration proceedings | 660000 | 1064000 |
| 6.01.01.08 | Foreign exchange, indexation and finance charges | (4183000) | (7853000) |
| 6.01.01.10 | Allowance (reversals) for credit loss on trade and other receivables, net | (45000) | (121000) |
| 6.01.01.13 | Revision and unwinding of discount on the provision for decommissioning costs | 1819000 | 1864000 |
| 6.01.01.15 | Income Taxes | 18406000 | 17410000 |
| 6.01.01.16 | Results from co-participation agreements in bid areas | (616000) | (403000) |
| 6.01.01.17 | Gain on disposal/write-offs of assets | (387000) | (317000) |
| 6.01.01.18 | Equalization of expenses - Production Individualization Agreements | 36000 | 23000 |
| 6.01.01.19 | Early termination and cash outflows revision of lease agreements | (729000) | (903000) |
| 6.01.02 | Decrease / (increase) in assets / increase/ (decrease) in liabilities | (45343000) | (13529000) |
| 6.01.02.01 | Trade and other receivables, net | (39356000) | (6805000) |
| 6.01.02.02 | Inventories | (2212000) | (623000) |
| 6.01.02.03 | Judicial deposits | (166000) | (995000) |
| 6.01.02.05 | Other assets | (833000) | 215000 |
| 6.01.02.06 | Trade payables | (2284000) | (2194000) |
| 6.01.02.07 | Production Taxes and Other Taxes Payable | 3654000 | 1210000 |
| 6.01.02.08 | Pension and medical benefits | (1387000) | (1248000) |
| 6.01.02.09 | Provisions for legal proceedings | (808000) | (2194000) |
| 6.01.02.10 | Other Employee Benefits | (1371000) | 641000 |
| 6.01.02.12 | Provision for Decommissioning Costs | (1874000) | (1062000) |
| 6.01.02.14 | Other liabilities | 1294000 | (474000) |
| 6.01.03 | Others | (8832000) | (8903000) |
| 6.01.03.01 | Income Taxes Paid | (8832000) | (8903000) |
| 6.02 | Net cash used in investing activities | (17501000) | (500000) |
| 6.02.01 | Acquisition of PP&E and intangibles assets | (23340000) | (22867000) |
| 6.02.02 | Acquisition of equity interests | (207000) | (73000) |
| 6.02.03 | Proceeds from disposal of assets - Divestment | 1311000 | 2729000 |
| 6.02.04 | Divestment (Investment) in financial investments | 3075000 | 17407000 |
| 6.02.05 | Dividends received | 15000 | 164000 |
| 6.02.08 | Financial compensation for Co-participation Agreement | 1645000 | 2140000 |
| 6.03 | Net cash used in financing activities | 3501000 | (37259000) |
| 6.03.02 | Proceeds from financing | 47304000 | 21321000 |
| 6.03.03 | Repayment of principal - finance debt | (12887000) | (23043000) |
| 6.03.04 | Repayment of interest - finance debt | (5986000) | (6272000) |
| 6.03.05 | Dividends paid to shareholders of Petrobras | (11639000) | (16587000) |
| 6.03.08 | Settlement of lease liabilities | (13291000) | (12678000) |
| 6.05 | Net increase/ (decrease) in cash and cash equivalents | 1416000 | 4006000 |
| 6.05.01 | Cash and cash equivalents at the beginning of the year | 2316000 | 3134000 |
| 6.05.02 | Cash and cash equivalents at the end of the period | 3732000 | 7140000 |

---

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| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Parent Company Interim Accounting Information / Statement of Added Value**

(R$ Thousand)

---

| | | | |
|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **Accumulated of the Current Period 01/01/2026 to 03/31/2026** | **Accumulated of the Previous Period 01/01/2025 to 03/31/2025** |
| 7.01 | Sales Revenues | 194829000 | 177724000 |
| 7.01.01 | Sales of Goods and Services | 163837000 | 155602000 |
| 7.01.02 | Other Revenues | 7291000 | 3021000 |
| 7.01.03 | Revenues Related to the Construction of Assets to be Used in Own Operations | 23656000 | 18980000 |
| 7.01.04 | Allowance for expected credit losses | 45000 | 121000 |
| 7.02 | Inputs Acquired from Third Parties | (66730000) | (64949000) |
| 7.02.01 | Cost of Sales | (18865000) | (21052000) |
| 7.02.02 | Materials, Power, Third-Party Services and Other Operating Expenses | (38380000) | (31735000) |
| 7.02.03 | Impairment Charges / Reversals of Assets | 2179000 | (311000) |
| 7.02.04 | Others | (11664000) | (11851000) |
| 7.02.04.01 | Tax Credits on Inputs Acquired from Third Parties | (11664000) | (11851000) |
| 7.03 | Gross Added Value | 128099000 | 112775000 |
| 7.04 | Retentions | (22262000) | (19639000) |
| 7.04.01 | Depreciation, Amortization and Depletion | (22262000) | (19639000) |
| 7.05 | Net Added Value Produced | 105837000 | 93136000 |
| 7.06 | Transferred Added Value | 5688000 | 10276000 |
| 7.06.01 | Share of Profit of Equity-Accounted Investments | 888000 | 5296000 |
| 7.06.02 | Finance Income | 2853000 | 3211000 |
| 7.06.03 | Others | 1947000 | 1769000 |
| 7.06.03.01 | Rentals, royalties and others | 1947000 | 1769000 |
| 7.07 | Total Added Value to be Distributed | 111525000 | 103412000 |
| 7.08 | Distribution of Added Value | 111525000 | 103412000 |
| 7.08.01 | Employee Compensation | 10297000 | 9415000 |
| 7.08.01.01 | Salaries | 6207000 | 5999000 |
| 7.08.01.02 | Fringe Benefits | 3709000 | 3089000 |
| 7.08.01.03 | Unemployment Benefits (FGTS) | 381000 | 327000 |
| 7.08.02 | Taxes and Contributions | 63317000 | 57681000 |
| 7.08.02.01 | Federal | 46116000 | 43312000 |
| 7.08.02.02 | State | 17118000 | 14329000 |
| 7.08.02.03 | Municipal | 83000 | 40000 |
| 7.08.03 | Return on Third-Party Capital | 5248000 | 1107000 |
| 7.08.03.01 | Interest | 3472000 | (282000) |
| 7.08.03.02 | Rental Expenses | 1776000 | 1389000 |
| 7.08.04 | Return on Shareholders' Equity | 32663000 | 35209000 |
| 7.08.04.03 | Retained Earnings / (Losses) for the Period | 32663000 | 35209000 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Consolidated Interim Accounting Information / Statement of Financial Position - Assets**

(R$ Thousand)

---

| | | | |
|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **03.31.2026** | **12.31.2025** |
| 1 | Total Assets | 1246068000 | 1223389000 |
| 1.01 | Current Assets | 140533000 | 140026000 |
| 1.01.01 | Cash and Cash Equivalents | 34294000 | 35608000 |
| 1.01.02 | Financial Investments | 13306000 | 15000000 |
| 1.01.03 | Trade and Other Receivables | 22240000 | 25461000 |
| 1.01.04 | Inventories | 48556000 | 45173000 |
| 1.01.06 | Recoverable Taxes | 10766000 | 11147000 |
| 1.01.06.01 | Current Recoverable Taxes | 10766000 | 11147000 |
| 1.01.06.01.01 | Income Taxes | 3676000 | 3621000 |
| 1.01.06.01.02 | Other Recoverable Taxes | 7090000 | 7526000 |
| 1.01.08 | Other Current Assets | 11371000 | 7637000 |
| 1.01.08.01 | Non-Current Assets Held for Sale | 137000 | 136000 |
| 1.01.08.03 | Others | 11234000 | 7501000 |
| 1.01.08.03.03 | Prepayments | 3177000 | 2573000 |
| 1.01.08.03.04 | Others | 8057000 | 4928000 |
| 1.02 | Non-Current Assets | 1105535000 | 1083363000 |
| 1.02.01 | Long-Term Receivables | 144577000 | 141830000 |
| 1.02.01.04 | Trade and Other Receivables | 3377000 | 4683000 |
| 1.02.01.07 | Deferred Taxes | 34186000 | 30576000 |
| 1.02.01.07.01 | Income Taxes | 1994000 | 2008000 |
| 1.02.01.07.02 | Other taxes recoverable | 23874000 | 22982000 |
| 1.02.01.07.03 | Deferred Income Taxes | 8318000 | 5586000 |
| 1.02.01.10 | Other Non-Current Assets | 107014000 | 106571000 |
| 1.02.01.10.04 | Judicial Deposits | 83336000 | 81510000 |
| 1.02.01.10.05 | Prepayments | 21670000 | 23317000 |
| 1.02.01.10.06 | Other Assets | 2008000 | 1744000 |
| 1.02.02 | Investments | 3091000 | 3024000 |
| 1.02.03 | Property, Plant and Equipment | 943869000 | 924624000 |
| 1.02.04 | Intangible Assets | 13998000 | 13885000 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Consolidated Interim Accounting Information / Statement of Financial Position - Liabilities**

(R$ Thousand)

---

| | | | |
|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **03.31.2026** | **12.31.2025** |
| 2 | Total Liabilities | 1246068000 | 1223389000 |
| 2.01 | Current Liabilities | 189166000 | 198368000 |
| 2.01.01 | Payroll, Profit Sharing and Related Charges | 13824000 | 15236000 |
| 2.01.02 | Trade Payables | 39086000 | 40948000 |
| 2.01.03 | Taxes Obligations | 8760000 | 7110000 |
| 2.01.03.01 | Federal Taxes Obligations | 8760000 | 7110000 |
| 2.01.03.01.01 | Income Taxes Payable | 8760000 | 7110000 |
| 2.01.04 | Current Debt and Lease Obligations | 66447000 | 67253000 |
| 2.01.04.01 | Current Debt | 12970000 | 12027000 |
| 2.01.04.03 | Lease Obligations | 53477000 | 55226000 |
| 2.01.05 | Other Liabilities | 39247000 | 45321000 |
| 2.01.05.02 | Others | 39247000 | 45321000 |
| 2.01.05.02.01 | Dividends and Interest on Capital Payable | 114000 | 11530000 |
| 2.01.05.02.04 | Production taxes and other taxes payable | 25651000 | 20966000 |
| 2.01.05.02.06 | Other liabilities | 13482000 | 12825000 |
| 2.01.06 | Provisions | 21230000 | 21934000 |
| 2.01.06.02 | Other Provisions | 21230000 | 21934000 |
| 2.01.06.02.04 | Pension and Medical Benefits | 5773000 | 5701000 |
| 2.01.06.02.05 | Provision for Decommissioning Costs | 15457000 | 16233000 |
| 2.01.07 | Liabilities Associated with Non-Current Assets Held for Sale and Discontinued | 572000 | 566000 |
| 2.01.07.01 | Liabilities Associated with Non-Current Assets Held for Sale | 572000 | 566000 |
| 2.02 | Non-Current Liabilities | 610530000 | 607434000 |
| 2.02.01 | Non-Current Debt and Finance Lease Obligations | 305244000 | 316772000 |
| 2.02.01.01 | Non-Current Debt | 130754000 | 133462000 |
| 2.02.01.03 | Lease Obligations | 174490000 | 183310000 |
| 2.02.02 | Other Liabilities | 3133000 | 3168000 |
| 2.02.02.02 | Others | 3133000 | 3168000 |
| 2.02.02.02.03 | Income Taxes | 3133000 | 3168000 |
| 2.02.03 | Deferred Taxes | 49494000 | 34965000 |
| 2.02.03.01 | Deferred Taxes | 49494000 | 34965000 |
| 2.02.04 | Provisions | 252659000 | 252529000 |
| 2.02.04.01 | Provisions for Tax Social Security, Labor and Civil Lawsuits | 17586000 | 17881000 |
| 2.02.04.02 | Other Provisions | 235073000 | 234648000 |
| 2.02.04.02.04 | Pension and Medical Benefits | 85704000 | 84315000 |
| 2.02.04.02.05 | Provision for Decommissioning Costs | 139919000 | 140656000 |
| 2.02.04.02.06 | Employee Benefits | 239000 | 238000 |
| 2.02.04.02.07 | Other liabilities | 9211000 | 9439000 |
| 2.03 | Shareholders' Equity | 446372000 | 417587000 |
| 2.03.01 | Share Capital | 205432000 | 205432000 |
| 2.03.02 | Capital Reserves | 3106000 | 3106000 |
| 2.03.04 | Profit Reserves | 158278000 | 158278000 |
| 2.03.05 | Retained Earnings/Losses | 32755000 | - |
| 2.03.08 | Other Comprehensive Income | 45618000 | 48970000 |
| 2.03.09 | Non-controlling interests | 1183000 | 1801000 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Consolidated Interim Accounting Information / Statement of Income**

(R$ Thousand)

---

| | | | |
|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **Accumulated of the Current Period 01/01/2026 to 03/31/2026** | **Accumulated of the Previous Period 01/01/2025 to 03/31/2025** |
| 3.01 | Sales Revenues | 123686000 | 123144000 |
| 3.02 | Cost of Sales | (64084000) | (62435000) |
| 3.03 | Gross Profit | 59602000 | 60709000 |
| 3.04 | Operating Expenses / Income | (18332000) | (17669000) |
| 3.04.01 | Selling Expenses | (7969000) | (6376000) |
| 3.04.02 | General and Administrative Expenses | (2517000) | (2592000) |
| 3.04.05 | Other Operating Expenses | (7899000) | (9196000) |
| 3.04.05.01 | Other Taxes | (2483000) | (722000) |
| 3.04.05.02 | Research and Development Expenses | (1316000) | (1179000) |
| 3.04.05.03 | Exploration Costs | (726000) | (1811000) |
| 3.04.05.05 | Other Operating Expenses, Net | (5554000) | (5194000) |
| 3.04.05.07 | Impairment (losses) reversals, net | 2180000 | (290000) |
| 3.04.06 | Share of Profit / Gains on Interest in Equity-Accounted Investments | 53000 | 495000 |
| 3.05 | Net Income Before Financial Results and Income Taxes | 41270000 | 43040000 |
| 3.06 | Finance Income (Expenses), Net | 7866000 | 10595000 |
| 3.06.01 | Finance Income | 1758000 | 1737000 |
| 3.06.01.01 | Finance Income | 1758000 | 1737000 |
| 3.06.02 | Finance Expenses | 6108000 | 8858000 |
| 3.06.02.01 | Finance Expenses | (5179000) | (5744000) |
| 3.06.02.02 | Foreign Exchange and Inflation Indexation Charges, Net | 11287000 | 14602000 |
| 3.07 | Net Income Before Income Taxes | 49136000 | 53635000 |
| 3.08 | Income Tax and Social Contribution | (16375000) | (18304000) |
| 3.08.01 | Current | (12587000) | (11072000) |
| 3.08.02 | Deferred | (3788000) | (7232000) |
| 3.09 | Net Income from Continuing Operations | 32761000 | 35331000 |
| 3.11 | Income / (Loss) for the Period | 32761000 | 35331000 |
| 3.11.01 | Attributable to Shareholders of Petrobras | 32663000 | 35209000 |
| 3.11.02 | Attributable to Non-Controlling Interests | 98000 | 122000 |
| 3.99.01 | Income per Share |  |  |
| 3.99.01.01 | Ordinary Shares | 2.53 | 2.73 |
| 3.99.01.02 | Preferred Shares | 2.53 | 2.73 |
| 3.99.02 | Diluted Income per Share |  |  |
| 3.99.02.01 | Ordinary Shares | 2.53 | 2.73 |
| 3.99.02.02 | Preferred Shares | 2.53 | 2.73 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Consolidated Interim Accounting Information / Statement of Comprehensive Income**

(R$ Thousand)

------

---

| | | | |
|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **Accumulated of the Current Period 01/01/2026 to 03/31/2026** | **Accumulated of the Previous Period 01/01/2025 to 03/31/2025** |
| 4.01 | Net Income for the Period | 32761000 | 35331000 |
| 4.02 | Other Comprehensive Income | (3352000) | (5377000) |
| 4.02.01 | Actuarial Gains on Post-employment Defined Benefits Plans | - | 4000 |
| 4.02.03 | Translation Adjustments in investees | (18142000) | (27957000) |
| 4.02.07 | Unrealized Gains / (Losses) on Cash Flow Hedge - Recognized in Shareholders' Equity | 19734000 | 28940000 |
| 4.02.08 | Unrealized Gains / (Losses) on Cash Flow Hedge - Reclassified to Profit and Loss | 2665000 | 4228000 |
| 4.02.09 | Deferred Income Taxes on Cash Flow Hedge | (7616000) | (11277000) |
| 4.02.10 | Share of Other Comprehensive Income of Equity-Accounted Investments | 7000 | 685000 |
| 4.03 | Total Comprehensive Income for the Period | 29409000 | 29954000 |
| 4.03.01 | Attributable to Shareholders of Petrobras | 29311000 | 29835000 |
| 4.03.02 | Attributable to Non-controlling Interests | 98000 | 119000 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Consolidated Interim Accounting Information / Statement of Changes in Shareholders' Equity - 01/01/2026 to 03/31/2026**

*(R$ Thousand)*

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **Share Capital** | **Capital Reserves,**<br> **Granted Options**<br> **and Treasury Shares** | **Profit Reserves** | **Retained Earnings /**<br> **Accumulated Losses** | **Other**<br> **Comprehensive**<br> **Income** | **Shareholders' Equity** | **Non-controlling**<br> **interest** | **Shareholders' Equity**<br> **Consolidated** |
| 5.01 | Balance at the Beginning of the Period | 205432000 | 3322000 | 158062000 | - | 48970000 | 415786000 | 1801000 | 417587000 |
| 5.03 | Adjusted Opening Balance | 205432000 | 3322000 | 158062000 | - | 48970000 | 415786000 | 1801000 | 417587000 |
| 5.04 | Capital Transactions with Owners | - | - | - | 92000 | - | 92000 | (716000) | (624000) |
| 5.04.06 | Dividends | - | - | - | - | - | - | (4000) | (4000) |
| 5.04.08 | Capital Transactions | - | - | - | - | - | - | (712000) | (712000) |
| 5.04.11 | Capital Transactions | - | - | - | 92000 | - | 92000 | - | 92000 |
| 5.05 | Total of Comprehensive Income | - | - | - | 32663000 | (3352000) | 29311000 | 98000 | 29409000 |
| 5.05.01 | Net Income for the Period | - | - | - | 32663000 | - | 32663000 | 98000 | 32761000 |
| 5.05.02 | Other Comprehensive Income | - | - | - | - | (3352000) | (3352000) | - | (3352000) |
| 5.07 | Balance at the End of the Period | 205432000 | 3322000 | 158062000 | 32755000 | 45618000 | 445189000 | 1183000 | 446372000 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Consolidated Interim Accounting Information / Statement of Changes in Shareholders' Equity - 01/01/2025 to 03/31/2025**

*(R$ Thousand)*

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **Share Capital** | **Capital Reserves,**<br> **Granted Options**<br> **and Treasury Shares** | **Profit Reserves** | **Retained Earnings /**<br> **Accumulated Losses** | **Other**<br> **Comprehensive**<br> **Income** | **Shareholders' Equity** | **Non-controlling**<br> **interest** | **Shareholders' Equity**<br> **Consolidated** |
| 5.01 | Balance at the Beginning of the Period | 205432000 | (2241000) | 94977000 | - | 67838000 | 366006000 | 1508000 | 367514000 |
| 5.03 | Adjusted Opening Balance | 205432000 | (2241000) | 94977000 | - | 67838000 | 366006000 | 1508000 | 367514000 |
| 5.04 | Capital Transactions with Owners | - | 5563000 | (5563000) | - | - | - | 135000 | 135000 |
| 5.04.06 | Dividends | - | - | - | - | - | - | (112000) | (112000) |
| 5.04.08 | Capital Transactions | - | - | - | - | - | - | 247000 | 247000 |
| 5.04.12 | Cancellation of treasury shares | - | 5563000 | (5563000) | - | - | - | - | - |
| 5.05 | Total of Comprehensive Income | - | - | - | 35209000 | (5374000) | 29835000 | 119000 | 29954000 |
| 5.05.01 | Net Income for the Period | - | - | - | 35209000 | - | 35209000 | 122000 | 35331000 |
| 5.05.02 | Other Comprehensive Income | - | - | - | - | (5374000) | (5374000) | (3000) | (5377000) |
| 5.07 | Balance at the End of the Period | 205432000 | 3322000 | 89414000 | 35209000 | 62464000 | 395841000 | 1762000 | 397603000 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Consolidated Interim Accounting Information / Statement of Cash Flows – Indirect Method**

*(R$ Thousand)*

---

| | | | |
|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **Accumulated of the Current Period 01/01/2026 to 03/31/2026** | **Accumulated of the Previous Period 01/01/2025 to 03/31/2025** |
| 6.01 | Net cash provided by operating activities | 43975000 | 49338000 |
| 6.01.01 | Cash provided by operating activities | 63286000 | 65583000 |
| 6.01.01.01 | Net Income for the period | 32761000 | 35331000 |
| 6.01.01.02 | Pension and medical benefits (actuarial expense) | 2837000 | 2436000 |
| 6.01.01.03 | Results of equity-accounted investments | (53000) | (495000) |
| 6.01.01.04 | Depreciation, depletion and amortization | 21614000 | 18976000 |
| 6.01.01.05 | Impairment of assets (reversals), net | (2180000) | 290000 |
| 6.01.01.06 | Exploratory expenditures write-offs | 85000 | 1202000 |
| 6.01.01.07 | Losses on legal, administrative and arbitration proceedings | 696000 | 1163000 |
| 6.01.01.08 | Foreign exchange, indexation and finance charges | (8928000) | (11810000) |
| 6.01.01.10 | Allowance (reversals) for credit loss on trade and other receivables, net | (43000) | (112000) |
| 6.01.01.11 | Inventory write-back to net realizable value | 1000 | 37000 |
| 6.01.01.13 | Revision and unwinding of discount on the provision for decommissioning costs | 1823000 | 1870000 |
| 6.01.01.15 | Income Taxes | 16375000 | 18304000 |
| 6.01.01.16 | Results from co-participation agreements in bid areas | (616000) | (403000) |
| 6.01.01.17 | Gain on disposal/write-offs of assets | (392000) | (324000) |
| 6.01.01.18 | Equalization of expenses - Production Individualization Agreements | 36000 | 23000 |
| 6.01.01.19 | Early termination and cash outflows revision of lease agreements | (730000) | (905000) |
| 6.01.02 | Decrease / (increase) in assets / increase/ (decrease) in liabilities | (9826000) | (6459000) |
| 6.01.02.01 | Trade and other receivables, net | (1257000) | 962000 |
| 6.01.02.02 | Inventories | (4098000) | (2126000) |
| 6.01.02.03 | Judicial deposits | (123000) | (1061000) |
| 6.01.02.05 | Other assets | (3526000) | 2249000 |
| 6.01.02.06 | Trade payables | (1503000) | (3266000) |
| 6.01.02.07 | Production taxes and other taxes payable | 3672000 | 987000 |
| 6.01.02.08 | Pension and medical benefits | (1396000) | (1257000) |
| 6.01.02.09 | Provisions for legal proceedings | (839000) | (2211000) |
| 6.01.02.10 | Other Employee Benefits | (1408000) | 636000 |
| 6.01.02.12 | Provision for Decommissioning Costs | (1948000) | (1073000) |
| 6.01.02.14 | Other liabilities | 2600000 | (299000) |
| 6.01.03 | Others | (9485000) | (9786000) |
| 6.01.03.01 | Income Taxes Paid | (9485000) | (9786000) |
| 6.02 | Net cash used in investing activities | (18812000) | (10235000) |
| 6.02.01 | Acquisition of PP&E and intangibles assets | (23734000) | (23297000) |
| 6.02.02 | Acquisition of equity interests | (164000) | (1000) |
| 6.02.03 | Proceeds from disposal of assets - Divestment | 1311000 | 2729000 |
| 6.02.04 | Divestment (investment) in financial investments | 2121000 | 8149000 |
| 6.02.05 | Dividends received | 9000 | 45000 |
| 6.02.08 | Financial compensation for Co-participation Agreement | 1645000 | 2140000 |
| 6.03 | Net cash used in financing activities | (24953000) | (31444000) |
| 6.03.01 | Changes in non-controlling interest | (712000) | 246000 |
| 6.03.02 | Proceeds from financing | 6948000 | 3009000 |
| 6.03.03 | Repayment of principal - finance debt | (3613000) | (2777000) |
| 6.03.04 | Repayment of interest - finance debt | (3103000) | (2948000) |
| 6.03.05 | Dividends paid to shareholders of Petrobras | (11639000) | (16587000) |
| 6.03.06 | Dividends paid to non-controlling interests | - | (150000) |
| 6.03.08 | Settlement of lease liabilities | (12834000) | (12237000) |
| 6.04 | Effect of exchange rate changes on cash and cash equivalents | (1524000) | (953000) |
| 6.05 | Net increase/ (decrease) in cash and cash equivalents | (1314000) | 6706000 |
| 6.05.01 | Cash and cash equivalents at the beginning of the year | 35608000 | 20254000 |
| 6.05.02 | Cash and cash equivalents at the end of the period | 34294000 | 26960000 |

---

---

| | |
|:---|:---|
| **Petróleo Brasileiro S.A. – Petrobras** | ![](image_002.jpg) |

---

**Consolidated Interim Accounting Information / Statement of Added Value**

*(R$ Thousand)*

------

---

| | | | |
|:---|:---|:---|:---|
| **Account Code** | **Account Description** | **Accumulated of the Current Period 01/01/2026 to 03/31/2026** | **Accumulated of the Previous Period 01/01/2025 to 03/31/2025** |
| 7.01 | Sales Revenues | 191003000 | 179824000 |
| 7.01.01 | Sales of Goods and Services | 159497000 | 157259000 |
| 7.01.02 | Other Revenues | 7693000 | 3283000 |
| 7.01.03 | Revenues Related to the Construction of Assets to be Used in Own Operations | 23770000 | 19170000 |
| 7.01.04 | Allowance for expected credit losses | 43000 | 112000 |
| 7.02 | Inputs Acquired from Third Parties | (66740000) | (63757000) |
| 7.02.01 | Cost of Sales | (20962000) | (23149000) |
| 7.02.02 | Materials, Power, Third-Party Services and Other Operating Expenses | (36786000) | (28883000) |
| 7.02.03 | Impairment Charges / Reversals of Assets | 2180000 | (290000) |
| 7.02.04 | Others | (11172000) | (11435000) |
| 7.02.04.01 | Tax Credits on Inputs Acquired from Third Parties | (11172000) | (11435000) |
| 7.03 | Gross Added Value | 124263000 | 116067000 |
| 7.04 | Retentions | (21614000) | (18976000) |
| 7.04.01 | Depreciation, Amortization and Depletion | (21614000) | (18976000) |
| 7.05 | Net Added Value Produced | 102649000 | 97091000 |
| 7.06 | Transferred Added Value | 3094000 | 3350000 |
| 7.06.01 | Share of Profit of Equity-Accounted Investments | 53000 | 495000 |
| 7.06.02 | Finance Income | 1758000 | 1737000 |
| 7.06.03 | Others | 1283000 | 1118000 |
| 7.06.03.01 | Rentals, royalties and others | 1283000 | 1118000 |
| 7.07 | Total Added Value to be Distributed | 105743000 | 100441000 |
| 7.08 | Distribution of Added Value | 105743000 | 100441000 |
| 7.08.01 | Employee Compensation | 11441000 | 10344000 |
| 7.08.01.01 | Salaries | 7051000 | 6720000 |
| 7.08.01.02 | Fringe Benefits | 3974000 | 3266000 |
| 7.08.01.03 | Unemployment Benefits (FGTS) | 416000 | 358000 |
| 7.08.02 | Taxes and Contributions | 62589000 | 59631000 |
| 7.08.02.01 | Federal | 45087000 | 44952000 |
| 7.08.02.02 | State | 17306000 | 14535000 |
| 7.08.02.03 | Municipal | 196000 | 144000 |
| 7.08.03 | Return on Third-Party Capital | (1048000) | (4865000) |
| 7.08.03.01 | Interest | (2823000) | (6234000) |
| 7.08.03.02 | Rental Expenses | 1775000 | 1369000 |
| 7.08.04 | Return on Shareholders' Equity | 32761000 | 35331000 |
| 7.08.04.03 | Retained Earnings / (Losses) for the Period | 32663000 | 35209000 |
| 7.08.04.04 | Non-controlling Interests on Retained Earnings / (Losses) | 98000 | 122000 |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Basis of preparation

These interim financial statements present the significant changes in the period, avoiding repetition of certain notes to the financial statements previously reported, and present the consolidated information, considering Management's understanding that it provides a comprehensive view of the Company's financial position and operational performance, complemented by certain information of the Parent Company. Hence, this interim financial information should be read together with the Company's audited annual financial statements for the year ended December 31, 2025, which include the full set of notes.

The consolidated and individual interim financial information of the company was prepared and is presented in accordance with the Technical Pronouncement - CPC 21 (R1) - Interim Financial Statement, as issued by the Accounting Pronouncements Committee (CPC) and approved by the Securities and Exchange Commission (CVM), and related to IAS 34 - Interim Financial Reporting issued by the International Accounting Standards Board (IASB). All relevant information pertaining to the financial statements, and only these, are being evidenced, and correspond to those used in the management of the company's Management.

These interim financial statements were approved and authorized for issue by the Company's Board of Directors in a meeting held on May 11, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. New standards and interpretations

The initial application of the IFRS accounting standards issued by the International Accounting Standards Board (IASB) that became effective on January 1, 2026, as disclosed in note 6.1 to the financial statements of December 31, 2025, had no significant effect on these unaudited condensed consolidated and individual interim financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Material accounting policies

The accounting policies and methods of computation followed in these consolidated interim financial statements are the same as those followed in the preparation of the annual financial statements of the Company for the year ended December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Cash and cash equivalents and financial investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. Cash and cash equivalents

They include cash, available bank deposits and financial investments with high liquidity, which meet the definition of cash equivalents.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **03.31.2026** | **12.31.2025** |
| Cash at bank and in hand | 452 | 1223 |
| Financial investments classified as cash equivalents |  |  |
| - In Brazil |  |  |
| &nbsp;&nbsp;&nbsp;Brazilian interbank deposit rate investment funds and repurchase agreements | 8350 | 6484 |
| &nbsp;&nbsp;&nbsp;Bank Deposit Certificates and other investment funds | 1610 | 1159 |
|  | 9960 | 7643 |
| - Abroad |  |  |
| &nbsp;&nbsp;&nbsp;Time deposits | 15135 | 18242 |
| &nbsp;&nbsp;&nbsp;Sweep accounts and interest-bearing accounts | 8510 | 8242 |
| &nbsp;&nbsp;&nbsp;Other financial investments | 237 | 258 |
|  | 23882 | 26742 |
| Total financial investments classified as cash equivalents | **33842** | **34385** |
| **Total cash and cash equivalents** | **34294** | **35608** |

---

Financial investments classified as cash equivalents have maturities of up to three months from the date of their acquisition. In Brazil, it primarily consists of repurchase agreements and investments in funds holding Brazilian Federal Government Bonds, as well as floating rate Bank Deposit Certificates with daily liquidity. Short-term financial investments abroad mainly comprise time deposits, as well as investments with daily liquidity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. Financial investments

---

| | | |
|:---|:---|:---|
|  |  | **Consolidated** |
|  | **03.31.2026** | **12.31.2025** |
| Fair value through profit or loss | 959 | 1125 |
| Amortized cost | 12360 | 13889 |
| **Total** | **13319** | **15014** |
| Current | 13306 | 15000 |
| Non-current (1) | 13 | 14 |
| (1) Non-current financial investments are classified in "Other Assets". | (1) Non-current financial investments are classified in "Other Assets". | (1) Non-current financial investments are classified in "Other Assets". |

---

Financial investments (not classified as cash equivalents) have maturities of more than three months. Financial investments classified as fair value through profit or loss refer mainly to investments in Brazilian Federal Government Bonds (level 1 of the fair value hierarchy). Financial investments classified as amortized cost mainly refer to investments in Brazil in floating rate Bank Deposit Certificates with daily liquidity, with initial maturities between one and two years, and to investments abroad in time deposits and government bonds.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Sales revenues

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **2026**<br> **Jan-Mar** | <br> **2025** <br> **Jan-Mar** |
| Gross sales | 159497 | 157259 |
| Sales taxes <sup>(1)</sup> | (35811) | (34115) |
| **Sales revenues** | **123686** | **123144** |
| Diesel | 35433 | 38360 |
| Road-use diesel subsidy program | 672 | - |
| Gasoline | 15373 | 17340 |
| Liquefied petroleum gas | 4370 | 4282 |
| Jet fuel | 6198 | 6566 |
| Naphtha | 2483 | 2396 |
| Fuel oil (including bunker fuel) | 858 | 967 |
| Other oil products | 4462 | 5440 |
| **Subtotal oil products** | 69849 | 75351 |
| Natural gas | 4092 | 5162 |
| Crude oil | 4883 | 8208 |
| Renewables and nitrogen products | 590 | 310 |
| Breakage | 186 | 284 |
| Electricity | 1718 | 810 |
| Services, agency and others | 1234 | 968 |
| **Domestic market** | **82552** | **91093** |
| **Exports** | **39957** | **31405** |
| &nbsp;&nbsp;&nbsp;&nbsp; Crude oil | 30057 | 22303 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fuel oil (including bunker fuel) | 8087 | 6914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other oil products and other products | 1813 | 2188 |
| **Sales abroad <sup>(2)</sup>** | **1177** | **646** |
| **Foreign Market** | **41134** | **32051** |
| **Sales revenues** | **123686** | **123144** |
| (1) Includes, mainly, CIDE, PIS, COFINS and ICMS (VAT). | (1) Includes, mainly, CIDE, PIS, COFINS and ICMS (VAT). | (1) Includes, mainly, CIDE, PIS, COFINS and ICMS (VAT). |
| (2) Sales revenues from operations outside of Brazil, including trading and excluding exports. | (2) Sales revenues from operations outside of Brazil, including trading and excluding exports. | (2) Sales revenues from operations outside of Brazil, including trading and excluding exports. |

---

As described in note 28.5.1, revenue recognition related to the economic subsidy program for diesel trading for road use in Brazil occurs as the oil product is sold and delivered to distributors. In the three-month period ended March 31, 2026, the Company recognized R$741 as gross sales revenues arising from the program (R$672 net of sales taxes).

The composition of sales revenues by shipping destination is presented as follows:

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **2026**<br> **Jan-Mar** | <br> **2025**<br> **Jan-Mar** |
| Brazil | 82552 | 91093 |
| **Domestic market** | **82552** | **91093** |
| China | 17064 | 6276 |
| Americas (except United States) | 4868 | 3922 |
| Europe | 3472 | 6133 |
| Asia (except China and Singapore) | 7778 | 6983 |
| United States | 2166 | 3985 |
| Singapore | 5178 | 3910 |
| Others | 608 | 842 |
| **Foreign market** | **41134** | **32051** |
| **Sales revenues** | **123686** | **123144** |

---

In the three-month period ended March 31, 2026, sales to two clients of the refining, transportation and marketing (RT&M) segment represented individually 13% and 10% of the Company's sales revenues. In the three-month period ending March 31, 2025, sales to two clients of the RT&M segment represented individually 15% and 10% of the Company's sales revenues.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Costs and expenses by nature

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1. Cost of sales

---

| | | |
|:---|:---|:---|
| | **Consolidated** | **Consolidated** |
| | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| <br>**Raw material, products for resale, materials and third-party services <sup>(1)</sup>** | **(27640)** | **(29777)** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Acquisitions (including imports)** | (18017) | (20899) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crude oil | (11367) | (12354) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil products | (5813) | (6942) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natural gas | (837) | (1603) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Third-party services and others** | (9623) | (8878) |
| **Depreciation, depletion and amortization** | **(17647)** | **(14692)** |
| **Production taxes** | **(18152)** | **(16409)** |
| **Employee compensation** | **(2739)** | **(2337)** |
| **Inventory turnover** | **2094** | **780** |
| **Total** | **(64084)** | **(62435)** |
| (1) It Includes short-term leases. | (1) It Includes short-term leases. | (1) It Includes short-term leases. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2. Selling expenses

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **2026 2025** | **2026 2025** |
|  | **Jan-Mar** | **Jan-Mar** |
| Materials, third-party services, freight, rent and other related costs | (6666) | (5240) |
| Depreciation, depletion and amortization | (1067) | (984) |
| Reversal (allowance) for expected credit losses | (39) | 24 |
| Employee compensation | (197) | (176) |
| **Total** | **(7969)** | **(6376)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3. General and administrative expenses

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| Employee compensation | (1589) | (1548) |
| Materials, third-party services, rent and other related costs | (620) | (815) |
| Depreciation, depletion and amortization | (308) | (229) |
| **Total** | **(2517)** | **(2592)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Other income and expenses, net

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **2026** | **2025** |
|  | **Jan-Mar** | **Jan-Mar** |
| Stoppages for asset maintenance and pre-operating expenses | (3386) | (3707) |
| Pension and medical benefits - retirees (1) | (2026) | (1841) |
| Variable compensation programs (2) | (1818) | (1684) |
| Losses with legal, administrative and arbitration proceedings | (696) | (1163) |
| Gains (losses) with commodity derivatives | (677) | 10 |
| Operating expenses with thermoelectric power plants | (241) | (321) |
| Results on disposal/write-offs of assets | 392 | 324 |
| Results from co-participation agreements in bid areas | 616 | 403 |
| Results of non-core activities | 673 | 572 |
| Reimbursements from E&P partnership operations | 695 | 872 |
| Early termination and changes to cash flow estimates of leases | 730 | 905 |
| Others | 184 | 436 |
| **Total** | **(5554)** | **(5194)** |
| (1) For more information, see note 14.2 - Employee benefits (post-employment). | (1) For more information, see note 14.2 - Employee benefits (post-employment). | (1) For more information, see note 14.2 - Employee benefits (post-employment). |
| (2) Comprises Profit Sharing (PLR) and Performance award program (PRD), as described in note 14.1. | (2) Comprises Profit Sharing (PLR) and Performance award program (PRD), as described in note 14.1. | (2) Comprises Profit Sharing (PLR) and Performance award program (PRD), as described in note 14.1. |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Net finance income (expense)

---

| | | |
|:---|:---|:---|
| | **Consolidated** | **Consolidated** |
| | **2026** | **2025** |
| | **Jan-Mar** | **Jan-Mar** |
| <br>**Finance income** | **1758** | **1737** |
| Income from financial investments and Government Bonds | 1149 | 1305 |
| Other finance income | 609 | 432 |
| **Finance expenses** | **(5179)** | **(5744)** |
| Interest in finance debt | (2907) | (2722) |
| Unwinding of discount on lease liability | (3562) | (3633) |
| Capitalized borrowing costs | 3286 | 2624 |
| Unwinding of discount on the provision for decommissioning costs | (1788) | (1861) |
| Other finance expenses | (208) | (152) |
| **Foreign exchange gains (losses) and inflation indexation charges** | **11287** | **14602** |
| Foreign exchange gains (losses) <sup>(1)</sup> | 12514 | 18131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real x U.S. dollar | 12313 | 18361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other currencies | 201 | (230) |
| Reclassification of hedge accounting to the Statement of Income <sup>(1)</sup> | (2665) | (4228) |
| Indexation to the Selic interest rate of anticipated dividends and dividends payable | (302) | (376) |
| Recoverable taxes inflation indexation income | 132 | 336 |
| Other foreign exchange gains and indexation charges, net | 1608 | 739 |
| **Total** | **7866** | **10595** |
| (1) For more information, see notes 27.3.1.a and 27.3.1. c. | (1) For more information, see notes 27.3.1.a and 27.3.1. c. | (1) For more information, see notes 27.3.1.a and 27.3.1. c. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Information by operating segments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1.** **Net income by operating segment** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Statement of Income by operating segment – Jan-Mar/2026** | **Consolidated Statement of Income by operating segment – Jan-Mar/2026** | **Consolidated Statement of Income by operating segment – Jan-Mar/2026** | **Consolidated Statement of Income by operating segment – Jan-Mar/2026** | **Consolidated Statement of Income by operating segment – Jan-Mar/2026** | **Consolidated Statement of Income by operating segment – Jan-Mar/2026** | **Consolidated Statement of Income by operating segment – Jan-Mar/2026** |
|  | **Exploration and Production (E&P)** | **Refining, Transportation & Marketing (RT&M)** | **Gas and Low Carbon Energies (G&LCE)** | **Corporate and other businesses** | **Eliminations** | **Total** |
| Sales revenues | 84047 | 117178 | 11590 | 460 | (89589) | 123686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intersegments | 83734 | 1615 | 4231 | 9 | (89589) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third parties | 313 | 115563 | 7359 | 451 | - | 123686 |
| Cost of sales | (42781) | (93428) | (6386) | (428) | 78939 | (64084) |
| Gross profit | 41266 | 23750 | 5204 | 32 | (10650) | 59602 |
| Expenses | (2834) | (5306) | (4327) | (5918) | - | (18385) |
| &nbsp;&nbsp;&nbsp;&nbsp; Selling | (2) | (4173) | (3739) | (55) | - | (7969) |
| &nbsp;&nbsp;&nbsp;&nbsp; General and administrative | (73) | (537) | (186) | (1721) | - | (2517) |
| &nbsp;&nbsp;&nbsp;&nbsp; Exploration costs | (726) | - | - | - | - | (726) |
| &nbsp;&nbsp;&nbsp;&nbsp; Research and development | (1039) | (7) | (17) | (253) | - | (1316) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other taxes | (885) | (714) | (14) | (870) | - | (2483) |
| &nbsp;&nbsp;&nbsp;&nbsp; Impairment reversals, net | 15 | 2164 | - | 1 | - | 2180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Other income and expenses, net | (124) | (2039) | (371) | (3020) | - | (5554) |
| Income (loss) before net finance income (expense), results of equity-accounted investments and income taxes | 38432 | 18444 | 877 | (5886) | (10650) | 41217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net finance income | - | - | - | 7866 | - | 7866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Results in equity-accounted investments | 79 | (114) | 93 | (5) | - | 53 |
| Net Income (loss) before income taxes | 38511 | 18330 | 970 | 1975 | (10650) | 49136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income taxes | (13067) | (6271) | (298) | (360) | 3621 | (16375) |
| **Net income for the period** | **25444** | **12059** | **672** | **1615** | **(7029)** | **32761** |
| Attributable to: |  |  |  |  |  |  |
| Shareholders of Petrobras | 25447 | 12059 | 630 | 1556 | (7029) | 32663 |
| Non-controlling interests | (3) |  | 42 | 59 |  | 98 |
|  | **25444** | **12059** | **672** | **1615** | **(7029)** | **32761** |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Statement of Income by operating segment – Jan-Mar/2025** | **Consolidated Statement of Income by operating segment – Jan-Mar/2025** | **Consolidated Statement of Income by operating segment – Jan-Mar/2025** | **Consolidated Statement of Income by operating segment – Jan-Mar/2025** | **Consolidated Statement of Income by operating segment – Jan-Mar/2025** | **Consolidated Statement of Income by operating segment – Jan-Mar/2025** | **Consolidated Statement of Income by operating segment – Jan-Mar/2025** |
|  | **Exploration and Production (E&P)** | **Refining, Transportation & Marketing (RT&M)** | **Gas and Low Carbon Energies (G&LCE)** | **Corporate and other businesses** | **Eliminations** | **Total** |
| Sales revenues | 88169 | 116819 | 10867 | 451 | (93162) | 123144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intersegments | 87849 | 1696 | 3610 | 7 | (93162) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Third parties | 320 | 115123 | 7257 | 444 | - | 123144 |
| Cost of sales | (39715) | (109766) | (6560) | (401) | 94007 | (62435) |
| Gross profit | 48454 | 7053 | 4307 | 50 | 845 | 60709 |
| Expenses | (4286) | (4296) | (4551) | (5031) | - | (18164) |
| &nbsp;&nbsp;&nbsp;&nbsp; Selling | (2) | (2552) | (3831) | 9 | - | (6376) |
| &nbsp;&nbsp;&nbsp;&nbsp; General and administrative | (27) | (509) | (155) | (1901) | - | (2592) |
| &nbsp;&nbsp;&nbsp;&nbsp; Exploration costs | (1811) | - | - | - | - | (1811) |
| &nbsp;&nbsp;&nbsp;&nbsp; Research and development | (945) | (8) | (9) | (217) | - | (1179) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other taxes | (24) | (73) | (10) | (615) | - | (722) |
| &nbsp;&nbsp;&nbsp;&nbsp; Impairment (losses) reversals, net | (313) | 23 | - | - | - | (290) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other income and expenses, net | (1164) | (1177) | (546) | (2307) | - | (5194) |
| Income (loss) before net finance income (expense), results of equity-accounted investments and income taxes | 44168 | 2757 | (244) | (4981) | 845 | 42545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net finance income | - | - | - | 10595 | - | 10595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Results in equity-accounted investments | 77 | 335 | 84 | (1) | - | 495 |
| Net Income (loss) before income taxes | 44245 | 3092 | (160) | 5613 | 845 | 53635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income taxes | (15017) | (937) | 83 | (2146) | (287) | (18304) |
| **Net income (loss) for the period** | **29228** | **2155** | **(77)** | **3467** | **558** | **35331** |
| Attributable to: |  |  |  |  |  |  |
| Shareholders of Petrobras | 29232 | 2155 | (130) | 3394 | 558 | 35209 |
| Non-controlling interests | (4) |  | 53 | 73 |  | 122 |
|  | **29228** | **2155** | **(77)** | **3467** | **558** | **35331** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Other income and expenses, net by segment – Jan-Mar/2026** | **Other income and expenses, net by segment – Jan-Mar/2026** | **Other income and expenses, net by segment – Jan-Mar/2026** | **Other income and expenses, net by segment – Jan-Mar/2026** | **Other income and expenses, net by segment – Jan-Mar/2026** | **Other income and expenses, net by segment – Jan-Mar/2026** |
|  | **Exploration and Production (E&P)** | **Refining, Transportation & Marketing (RT&M)** | **Gas and Low Carbon Energies (G&LCE)** | **Corporate and other businesses** | **Total** |
| Stoppages for asset maintenance and pre-operating expenses | (2995) | (311) | (57) | (23) | (3386) |
| Pension and medical benefits - retirees | - | - | - | (2026) | (2026) |
| Variable compensation programs | (833) | (425) | (92) | (468) | (1818) |
| Gains (losses) with legal, administrative and arbitration proceedings | 807 | (485) | (13) | (1005) | (696) |
| Losses with commodity derivatives | - | (676) | (1) | - | (677) |
| Results on disposal/write-offs of assets | 220 | (40) | 11 | 201 | 392 |
| Results from co-participation agreements in bid areas | 616 | - | - | - | 616 |
| Results of non-core activities | 647 | (3) | 1 | 28 | 673 |
| Reimbursements from E&P partnership operations | 695 | - | - | - | 695 |
| Early termination and changes to cash flow estimates of leases | 676 | 55 | - | (1) | 730 |
| Others | 43 | (154) | (220) | 274 | (57) |
| **Total** | **(124)** | **(2039)** | **(371)** | **(3020)** | **(5554)** |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Other income and expenses, net by segment – Jan-Mar/2025** | **Other income and expenses, net by segment – Jan-Mar/2025** | **Other income and expenses, net by segment – Jan-Mar/2025** | **Other income and expenses, net by segment – Jan-Mar/2025** | **Other income and expenses, net by segment – Jan-Mar/2025** | **Other income and expenses, net by segment – Jan-Mar/2025** |
|  | **Exploration and Production (E&P)** | **Refining, Transportation & Marketing (RT&M)** | **Gas and Low Carbon Energies (G&LCE)** | **Corporate and other businesses** | **Total** |
| Stoppages for asset maintenance and pre-operating expenses | (2990) | (573) | (119) | (25) | (3707) |
| Pension and medical benefits - retirees | - | - | - | (1841) | (1841) |
| Variable compensation programs | (776) | (375) | (85) | (448) | (1684) |
| Losses with legal, administrative and arbitration proceedings | (647) | (166) | (9) | (341) | (1163) |
|  Gains with commodity derivatives<br>| - | 4 | 6 | - | 10 |
| Results on disposal/write-offs of assets | 185 | (7) | 14 | 132 | 324 |
| Results from co-participation agreements in bid areas | 403 | - | - | - | 403 |
| Results of non-core activities | 598 | (47) | 2 | 19 | 572 |
| Reimbursements from E&P partnership operations | 872 | - | - | - | 872 |
| Early termination and changes to cash flow estimates of leases | 872 | (7) | 3 | 37 | 905 |
| Others | 319 | (6) | (358) | 160 | 115 |
| **Total** | **(1164)** | **(1177)** | **(546)** | **(2307)** | **(5194)** |

---

The amount of depreciation, depletion and amortization by business segment is set forth as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Exploration and Production (E&P)** | **Refining, Transportation & Marketing (RT&M)** | **Gas and Low Carbon Energies (G&LCE)** | **Corporate and other businesses** | **Total** |
| Jan-Mar/2026 | 16584 | 3872 | 885 | 273 | 21614 |
| Jan-Mar/2025 | 14496 | 3493 | 782 | 205 | 18976 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.2.** **Assets by operating segment** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Exploration and Production (E&P)** | **Refining, Transportation & Marketing (RT&M)** | **Gas and Low Carbon Energies (G&LCE)** | **Corporate and other businesses** | **Elimina-tions** | **Total** |
| **Consolidated assets by operating segment - 03.31.2026** | **Consolidated assets by operating segment - 03.31.2026** | **Consolidated assets by operating segment - 03.31.2026** | **Consolidated assets by operating segment - 03.31.2026** | **Consolidated assets by operating segment - 03.31.2026** | **Consolidated assets by operating segment - 03.31.2026** | **Consolidated assets by operating segment - 03.31.2026** |
| Current assets | 16148 | 66919 | 2015 | 84986 | (29535) | 140533 |
| Non-current assets | 860219 | 125187 | 29052 | 91077 | - | 1105535 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term receivables | 50279 | 17762 | 808 | 75728 | - | 144577 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments | 1602 | 169 | 994 | 326 | - | 3091 |
| &nbsp;&nbsp;&nbsp;&nbsp;Property, plant and equipment | 798034 | 106469 | 26771 | 12595 | - | 943869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating assets | 598108 | 88043 | 23687 | 8491 | - | 718329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under construction | 199926 | 18426 | 3084 | 4104 | - | 225540 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible assets | 10304 | 787 | 479 | 2428 | - | 13998 |
| **Total Assets** | **876367** | **192106** | **31067** | **176063** | **(29535)** | **1246068** |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Exploration and Production (E&P)** | **Refining, Transportation & Marketing (RT&M)** | **Gas and Low Carbon Energies (G&LCE)** | **Corporate and other businesses** | **Elimina-tions** | **Total** |
| **Consolidated assets by operating segment - 12.31.2025** | **Consolidated assets by operating segment - 12.31.2025** | **Consolidated assets by operating segment - 12.31.2025** | **Consolidated assets by operating segment - 12.31.2025** | **Consolidated assets by operating segment - 12.31.2025** | **Consolidated assets by operating segment - 12.31.2025** | **Consolidated assets by operating segment - 12.31.2025** |
| Current assets | 13340 | 52714 | 1960 | 91448 | (19436) | 140026 |
| Non-current assets | 843470 | 122760 | 29247 | 87886 | - | 1083363 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term receivables | 51274 | 17007 | 802 | 72747 | - | 141830 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments | 1605 | 149 | 942 | 328 | - | 3024 |
| &nbsp;&nbsp;&nbsp;&nbsp;Property, plant and equipment | 780341 | 104836 | 27057 | 12390 | - | 924624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating assets | 596594 | 90973 | 24179 | 8626 | - | 720372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under construction | 183747 | 13863 | 2878 | 3764 | - | 204252 |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible assets | 10250 | 768 | 446 | 2421 | - | 13885 |
| **Total Assets** | **856810** | **175474** | **31207** | **179334** | **(19436)** | **1223389** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Trade and other receivables

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1. Trade and other receivables

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Parent Company** | **Parent Company** |
|  | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** |
| &nbsp;&nbsp;&nbsp;&nbsp;Third parties |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivables from contracts with customers | 25023 | 25534 | 15409 | 15722 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other trade receivables |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivables from divestments and Transfer of Rights Agreement | 4081 | 6231 | 4081 | 6231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease receivables | 1110 | 1242 | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other receivables | 3983 | 6565 | 3419 | 5969 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Subtotal - Third parties** | **34197** | **39572** | **22909** | **27922** |
| &nbsp;&nbsp;&nbsp;&nbsp;Related parties |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivables from contracts with customers - Investees | 312 | 422 | 24449 | 16516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Road-use diesel subsidy program | 741 | - | 741 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applications in credit rights - FIDC-NP |  |  | 56276 | 54686 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Subtotal - Related parties (note 28)** | **1053** | **422** | **81466** | **71202** |
| **Total trade and other receivables, before ECL** | **35250** | **39994** | **104375** | **99124** |
| Expected credit losses (ECL) - Third parties | (9592) | (9796) | (6066) | (6100) |
| Expected credit losses (ECL) - Related parties | (41) | (54) | (41) | (54) |
| **Total trade and other receivables** | **25617** | **30144** | **98268** | **92970** |
| Current | 22240 | 25461 | 95121 | 88627 |
| Non-current | 3377 | 4683 | 3147 | 4343 |

---

Trade and other receivables are generally classified as measured at amortized cost, except for receivables with final price linked to changes in commodity price after their transfer of control, which are classified as measured at fair value through profit or loss, amounting to R$4,746 as of March 31, 2026 (R$2,213 as of December 31, 2025).

The balance of receivables from divestment and Transfer of Rights Agreement is mainly related to the earnout of the Atapu and Sépia fields, totaling R$1,104 (R$2,191 as of December 31, 2025), from the sale of the Roncador field for R$1,133 (R$1,464 as of December 31, 2025) and the Potiguar cluster for R$416 (R$862 as of December 31, 2025).

The reduction in the "Other receivables" balance is mainly related to receipts concerning the Tupi shared reservoir, according to note18.4.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2. Aging of trade and other receivables – third parties

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Consolidated** | **Consolidated** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **03.31.2026** | **03.31.2026** | **12.31.2025** | **12.31.2025** | **03.31.2026** | **03.31.2026** | **03.31.2026** | **12.31.2025** | **12.31.2025** |
|  | **Trade and other receivables** | **Expected credit losses (ECL)** | **Trade and other receivables** | **Expected credit losses (ECL)** | **Trade and other receivables** | **Trade and other receivables** | **Expected credit losses (ECL)** | **Trade and other receivables** | **Expected credit losses (ECL)** |
| Current | 23267 | (195) | &nbsp;&nbsp;&nbsp;28970 | &nbsp;&nbsp;&nbsp;(483) | &nbsp;&nbsp;&nbsp;15961 | &nbsp;&nbsp;&nbsp;15961 | &nbsp;&nbsp;&nbsp;(189) | &nbsp;&nbsp;&nbsp;21510 | &nbsp;&nbsp;&nbsp;(479) |
| Overdue: |  |  |  |  |  |  |  |  |  |
| Until 3 months | 703 | (360) | &nbsp;&nbsp;&nbsp;362 | &nbsp;&nbsp;&nbsp;(175) | &nbsp;&nbsp;&nbsp;671 | &nbsp;&nbsp;&nbsp;671 | &nbsp;&nbsp;&nbsp;(357) | &nbsp;&nbsp;&nbsp;329 | &nbsp;&nbsp;&nbsp;(174) |
| 3 – 6 months | 351 | (163) | &nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;(135) | &nbsp;&nbsp;&nbsp;334 | &nbsp;&nbsp;&nbsp;334 | &nbsp;&nbsp;&nbsp;(158) | &nbsp;&nbsp;&nbsp;241 | &nbsp;&nbsp;&nbsp;(134) |
| 6 – 12 months | 284 | (210) | &nbsp;&nbsp;&nbsp;708 | &nbsp;&nbsp;&nbsp;(587) | &nbsp;&nbsp;&nbsp;257 | &nbsp;&nbsp;&nbsp;257 | &nbsp;&nbsp;&nbsp;(209) | &nbsp;&nbsp;&nbsp;667 | &nbsp;&nbsp;&nbsp;(569) |
| More than 12 months | 9592 | (8664) | &nbsp;&nbsp;&nbsp;9277 | &nbsp;&nbsp;&nbsp;(8416) | &nbsp;&nbsp;&nbsp;5686 | &nbsp;&nbsp;&nbsp;5686 | &nbsp;&nbsp;&nbsp;(5153) | &nbsp;&nbsp;&nbsp;5175 | &nbsp;&nbsp;&nbsp;(4744) |
| **Total** | **34197** | **(9592)** | **39572** | **(9796)** | **22909** | **22909** | **(6066)** | **27922** | **(6100)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3. Provision for expected credit losses - third parties and related parties

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Parent Company** | **Parent Company** |
|  | **2026** | **2025** | **2026** | **2025** |
| **Changes** | **Jan-Mar** | **Jan-Mar** | **Jan-Mar** | **Jan-Mar** |
| Opening balance | 9850 | 10162 | 6154 | 6074 |
| &nbsp;&nbsp;&nbsp;&nbsp; Additions | 184 | 164 | 182 | 151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reversals | (227) | (273) | (227) | (273) |
| &nbsp;&nbsp;&nbsp;&nbsp; Write-offs | (2) | (5) | (2) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp; Cumulative translation adjustment | (189) | (277) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Others | 17 | - | - | - |
| **Closing balance** | **9633** | **9771** | **6107** | **5948** |
| Current | 2254 | 1952 | 1984 | 1692 |
| Non-current | 7379 | 7819 | 4123 | 4256 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Inventories

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **03.31.2026** | **12.31.2025** |
| Crude oil | 19689 | 17339 |
| Oil products | 12514 | 12667 |
| Intermediate products | 3138 | 3173 |
| Natural gas and Liquefied Natural Gas (LNG) | 570 | 619 |
| Biofuels | 153 | 161 |
| Fertilizers | 89 | 57 |
| Total products | 36153 | 34016 |
| Materials, suppliers and others | 12403 | 11157 |
| **Total** | **48556** | **45173** |

---

Inventories are presented net of losses to adjust to their net realizable value, which are primarily due to fluctuations in international oil and oil product prices. When incurred, they are recognized in the statement of income as cost of sales and services incurred. In the three-month period ended March 31, 2026, the Company recognized a R$1 loss within cost of sales, adjusting inventories to net realizable value (a R$37 loss within cost of sales in the three-month period ended March 31, 2025).

At March 31, 2026, the Company had pledged crude oil and oil products volumes as collateral for the Term of Financial Commitment (TFC) related to Pension Plans PPSP-R, PPSP-R Pre-70 and PPSP-NR Pre-70 signed by Petrobras and *Fundação Petrobras de Seguridade Social* – Petros Foundation in 2008, in the estimated amount of R$4,639 (R$4,326 at December 31, 2025).

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Prepayments

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Parent Company** | **Parent Company** |
|  | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** |
| Advances for property, plant and equipment <sup>(1)</sup> | 21169 | 22795 | 20874 | 22498 |
| Prepaid expenses | 2893 | 2407 | 1727 | 1619 |
| Other advances | 785 | 688 | 699 | 634 |
| Related parties (note 28.1) |  |  | 1619 | 1463 |
| **Total** | **24847** | **25890** | **24919** | **26214** |
| Current | 3177 | 2573 | 2200 | 1848 |
| Non-current | 21670 | 23317 | 22719 | 24366 |

---

(1) The agreements for the acquisition of the Federal Government's interests in the Mero (3.5%) and Atapu (0.95%) fields were signed in March 2026. The transfer of rights and obligations will occur in March 2027.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Trade payables

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Parent Company** | **Parent Company** |
|  | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** |
| Third parties in Brazil | 26546 | 28048 | 24093 | 26845 |
| Third parties abroad | 12398 | 12599 | 6672 | 5929 |
| Related parties (note 28.1) | 142 | 301 | 8905 | 9297 |
| **Total** | **39086** | **40948** | **39670** | **42071** |

---

**Forfaiting**

The Company has a program to encourage the development of the oil and gas production chain called "Mais Valor" (More Value), operated by a partner company on a 100% digital platform.

By using this platform, the suppliers who want to anticipate their receivables may launch a reverse auction, in which the winner is the financial institution which offers the lowest discount rate. The financial institution becomes the creditor of invoices advanced by the supplier, and Petrobras pays the invoices on the same date and under the conditions originally agreed with the supplier.

Invoices are advanced in the "Mais Valor" program exclusively at the discretion of the suppliers and do not change the terms, prices and commercial conditions contracted by Petrobras with such suppliers, as well as it does not add financial charges to the Company, therefore, the classification is maintained as Trade payables in Statements of Cash Flows (Cash flows from operating activities).

As of March 31, 2026, the balance advanced by suppliers, within the scope of the program, is R$905 (R$733 as of December 31, 2025) and has a payment term from 6 to 92 days and a weighted average term of 43 days (payment term from 7 to 93 days and a weighted average term of 55 days in 2025), after the contracted commercial conditions have been met.

<br> 13. Taxes<br> 13.1. Income taxes<br> **Statement of Financial Position**<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
|  | **03.31.2026** | **03.31.2026** | **12.31.2025** | **12.31.2025** | **03.31.2026** | **03.31.2026** | **12.31.2025** | **12.31.2025** |
|  | **Assets** | **Liabilities** | **Assets** | **Liabilities** | **Assets** | **Liabilities** | **Assets** | **Liabilities** |
| Income Taxes | 5670 | 11893 | &nbsp;&nbsp;&nbsp;5629 | &nbsp;&nbsp;&nbsp;10278 | &nbsp;&nbsp;&nbsp;5397 | &nbsp;&nbsp;&nbsp;9549 | &nbsp;&nbsp;&nbsp;5339 | &nbsp;&nbsp;&nbsp;7436 |
| Deferred income taxes | 8318 | 49494 | &nbsp;&nbsp;&nbsp;5586 | &nbsp;&nbsp;&nbsp;34965 | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;54176 | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;39684 |
| **Total** | **13988** | **61387** | **11215** | **45243** | **5397** | **63725** | **5339** | **47120** |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

**Statement of Income**

The following table provides the reconciliation of Brazilian statutory tax rate to the Company's effective rate on income before income taxes:

---

| | | |
|:---|:---|:---|
|  | **Jan-Mar/2026** | **Jan-Mar/2025** |
| Net income before income taxes | 49136 | 53635 |
| Nominal income taxes computed based on Brazilian statutory corporate tax rates (34%) | (16706) | (18236) |
| Adjustments to arrive at the effective tax rate: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Different jurisdictional tax rates for companies abroad | 1812 | 1376 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brazilian income taxes on income of companies incorporated outside Brazil <sup>(1)</sup> | (911) | (413) |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax incentives | 264 | 173 |
| &nbsp;&nbsp;&nbsp;&nbsp;Effects of the global minimum tax – Pillar II | (172) | (302) |
| &nbsp;&nbsp;&nbsp;&nbsp;Internal transfer prices adjustments for operations between related parties abroad | - | (453) |
| &nbsp;&nbsp;&nbsp;&nbsp;Tax loss carryforwards (unrecognized tax losses) | (67) | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Post-employment benefits <sup>(2)</sup> | (837) | (656) |
| &nbsp;&nbsp;&nbsp;&nbsp;Results of equity-accounted investments | 32 | 168 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-incidence of income taxes on indexation (Selic interest rate) of undue paid taxes | 119 | 75 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | 91 | (38) |
| **Income taxes** | **(16375)** | **(18304)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Current income taxes | (12587) | (11072) |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | (3788) | (7232) |
| **Effective tax rate of income taxes** | 33.3% | 34.1% |
| (1) Relates to Brazilian income taxes on earnings of offshore investees, as established by Law No. 12,973/2014. | (1) Relates to Brazilian income taxes on earnings of offshore investees, as established by Law No. 12,973/2014. | (1) Relates to Brazilian income taxes on earnings of offshore investees, as established by Law No. 12,973/2014. |
| (2) Includes Uncertain tax treatments (see note 13.1.3). | (2) Includes Uncertain tax treatments (see note 13.1.3). | (2) Includes Uncertain tax treatments (see note 13.1.3). |

---

**13.1.1. Current income taxes**

**Income taxes recoverable**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Current assets** | **Current assets** | **Non-current assets** | **Non-current assets** | **Total** | **Total** |
|  | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** |
| Taxes in Brazil | 3638 | 3591 | 1994 | 2008 | 5632 | 5599 |
| Taxes abroad | 38 | 30 |  |  | 38 | 30 |
| **Total** | **3676** | **3621** | **1994** | **2008** | **5670** | **5629** |

---

**Income taxes payable**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Current liabilities** | **Current liabilities** | **Non-current liabilities** | **Non-current liabilities** | **Total** | **Total** |
|  | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** |
| Taxes in Brazil |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Income taxes <sup>(1)</sup> | 6221 | 4318 | 2183 | 2155 | 8404 | 6473 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income taxes - Tax settlement programs | 335 | 329 | 950 | 1013 | 1285 | 1342 |
|  | **6556** | **4647** | **3133** | **3168** | **9689** | **7815** |
| Taxes abroad <sup>(1)</sup> | 2204 | 2463 | - | - | 2204 | 2463 |
| **Total** | **8760** | **7110** | **3133** | **3168** | **11893** | **10278** |
| &nbsp;&nbsp;(1) Includes uncertain tax treatments (see note 13.1.3). | &nbsp;&nbsp;(1) Includes uncertain tax treatments (see note 13.1.3). | &nbsp;&nbsp;(1) Includes uncertain tax treatments (see note 13.1.3). | &nbsp;&nbsp;(1) Includes uncertain tax treatments (see note 13.1.3). | &nbsp;&nbsp;(1) Includes uncertain tax treatments (see note 13.1.3). | &nbsp;&nbsp;(1) Includes uncertain tax treatments (see note 13.1.3). | &nbsp;&nbsp;(1) Includes uncertain tax treatments (see note 13.1.3). |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

**13.1.2. Deferred income taxes**

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
| **Changes** | **2026** | **2025** |
|  | **Jan-Mar** | **Jan-Mar** |
| **Opening balance** | **(29379)** | **(3390)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Recognized in the statement of income for the period | (3788) | (7232) |
| &nbsp;&nbsp;&nbsp;&nbsp;Recognized in shareholders' equity | (7616) | (11277) |
| &nbsp;&nbsp;&nbsp;&nbsp;Translation adjustment | (92) | (136) |
| &nbsp;&nbsp;&nbsp;&nbsp;Use of tax loss carryforwards | (311) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | 10 | 116 |
| **Closing balance** | **(41176)** | **(21919)** |
| Deferred tax on profit - Assets | 8318 | 5646 |
| Deferred tax on profit - Liabilities | (49494) | (27565) |

---

The composition of deferred tax assets and liabilities is set out in the following table:

---

| | | | |
|:---|:---|:---|:---|
| **Nature** | **Realization basis** | **03.31.2026** | **12.31.2025** |
| PP&E - Exploration and decommissioning costs | Depreciation, amortization and write-offs of assets | (33027) | (35607) |
| PP&E - Impairment | Amortization, impairment reversals and write-offs of assets | 23508 | 24505 |
| PP&E - Right-of-use assets | Depreciation, amortization and write-offs of assets | (68663) | (69310) |
| PP&E - depreciation methods and capitalized borrowing costs | Depreciation, amortization and write-offs of assets | (106303) | (104908) |
| Loans, trade and other receivables / payables and financing | Payments, receipts and considerations | (10937) | (3657) |
| Leasing | Appropriation of the considerations | 74784 | 78808 |
| Provision for decommissioning costs | Payments and use of provisions | 53073 | 54785 |
| Provision for legal proceedings | Payments and use of provisions | 5694 | 5793 |
| Tax loss carryforwards | Taxable income compensation | 3551 | 3964 |
| Inventories | Sales, write-downs and losses | 5377 | 2492 |
| Employee Benefits | Payments and use of provisions | 8321 | 8727 |
| Others |  | 3446 | 5029 |
| **Total** |  | **(41176)** | **(29379)** |

---

**13.1.3. Uncertain tax treatments on income taxes**

As of March 31, 2026, the Company has R$3,294 (R$3,379 as of December 31, 2025) of uncertain tax treatments, provisioned in the statement of financial position, mainly related to the deduction of amounts paid in the basis of calculation of income taxes in Brazil, as well as to the incidence of Corporate Income Tax (CIT) on transactions abroad, related to judicial and administrative proceedings.

In addition, the Company has R$28,597 of uncertain tax treatments (R$25,151 as of December 31, 2025), not provisioned, in Brazil and abroad, related to judicial and administrative proceedings, mainly relating to income of subsidiaries abroad.

As of March 31, 2026, the Company has other positions that can be considered as uncertain tax treatments on income taxes amounting to R$27,813 (R$27,026 as of December 31, 2025), given the possibility of different interpretation by the tax authority. These uncertain tax treatments are supported by technical assessments and tax risk assessment methodology. Therefore, Petrobras believes that such positions are likely to be accepted by the tax authorities (including judicial courts).

Thus, as of March 31, 2026, the total amount of uncertain tax treatments, in Brazil and abroad, amounts to R$59,704 (R$55,556 as of December 31, 2025), for which Petrobras will continue to defend its position.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

**13.2.** **Other taxes and production taxes**

**13.2.1. Taxes recoverable**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Current assets** | **Current assets** | **Non-current assets** | **Non-current assets** |
| | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** |
| <br>**Taxes in Brazil** | | | | |
| Current PIS and COFINS | 1434 | 1405 | 7262 | 7104 |
| Non-Current PIS and COFINS | 1998 | 1947 | 8730 | 8041 |
| PIS and COFINS - unconstitutionality of the extended calculation basis | - | - | 3671 | 3638 |
| ICMS (VAT) | 1029 | 1762 | 2980 | 2833 |
| Deferred ICMS (VAT) | 2261 | 2028 | 1122 | 1258 |
| Others | 110 | 152 | 108 | 107 |
|  | **6832** | **7294** | **23873** | **22981** |
| **Taxes abroad** | 258 | 232 | 1 | 1 |
| **Total** | **7090** | **7526** | **23874** | **22982** |

---

**13.2.2. Production taxes and other taxes payable**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Current liabilities** | **Current liabilities** | **Non-current liabilities <sup>(1)</sup>** | **Non-current liabilities <sup>(1)</sup>** |
| | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** |
| <br>**Taxes in Brazil** | | | | |
| Production taxes | 11806 | 7701 | 238 | 306 |
| ICMS (VAT) | 8371 | 7101 | - | - |
| PIS and COFINS | 2117 | 2450 | 1076 | 979 |
| Withholding income taxes | 1099 | 1808 | - | - |
| Other taxes <sup>(2)</sup> | 2149 | 1833 | 544 | 496 |
|  | **25542** | **20893** | **1858** | **1781** |
| **Taxes abroad** | 109 | 73 | - | - |
| **Total** | **25651** | **20966** | **1858** | **1781** |
| (1) Other non-current taxes are classified within other non-current liabilities in the statement of financial position. | (1) Other non-current taxes are classified within other non-current liabilities in the statement of financial position. | (1) Other non-current taxes are classified within other non-current liabilities in the statement of financial position. | (1) Other non-current taxes are classified within other non-current liabilities in the statement of financial position. | (1) Other non-current taxes are classified within other non-current liabilities in the statement of financial position. |
| (2) As of March 31, 2026, includes R$639 of export tax. | (2) As of March 31, 2026, includes R$639 of export tax. | (2) As of March 31, 2026, includes R$639 of export tax. | (2) As of March 31, 2026, includes R$639 of export tax. | (2) As of March 31, 2026, includes R$639 of export tax. |

---

**13.3.** **Tax recovery program**

In March and April 2026, Petrobras adhered to the Special Program for Installment Payment of Tax Credits (REFIS), instituted by the state of Rio de Janeiro through Complementary Law No. 225/2025, with the objective of settling tax contingencies related to ICMS. Following this adhesion, the Company recognized R$618 expenses in the statement of income, within other taxes, in the three-month period ended March 31, 2026.

**13.4.** **Export tax on crude oil and diesel**

On March 12, 2026, Provisional Measure No. 1,340 was published, establishing the levy of Export Tax (IE) over crude oil, bituminous minerals and road-use diesel.

The tax is non-recoverable but deductible on the tax base of Corporate Income Tax (IRPJ) and Social Contribution on Net Income (CSLL). The tax is levied on crude oil exports at a 12% rate and on diesel oil exports at a 50% rate.

The Ministry of Finance Ordinance No. 674/1994, which provides for the payment of Export Tax, establishes that the deadline for payment of the tax will be up to 15 (fifteen) days for diesel and 60 (sixty) days for crude oil, counted from the date of registration of the declaration for customs clearance.

On March 31, 2026, a R$639 expense was recognized within other taxes relating to this tax.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

**13.5.** **Tax reform**

On April 30, 2026, initial regulations related to the implementation of the Tax Reform were published. The Company is evaluating these regulations and their implications, aiming at identifying any potential effects on its operations, systems and financial statements.

For further information, see note 18.5 to the financial statements for the year ending December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Employee benefits

Employee benefits are all forms of consideration given by the Company in exchange for service rendered by employees or for the termination of employment. It also includes expenses with directors and management. Such benefits include salaries, post-employment benefits, termination benefits and other benefits.

---

| | | |
|:---|:---|:---|
| | **Consolidated** | **Consolidated** |
| | **03.31.2026** | **12.31.2025** |
| <br>**Liabilities** | | |
| Short-term employee benefits | 13564 | 14977 |
| Termination benefits | 499 | 497 |
| Post-retirement benefits | 91477 | 90016 |
| **Total** | **105540** | **105490** |
| Current | 19597 | 20937 |
| Non-current | 85943 | 84553 |
| **Total** | **105540** | **105490** |

---

14.1. Short-term employee benefits

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **03.31.2026** | **12.31.2025** |
| Accrued vacation and 13th salary | 3939 | 3355 |
| Profit sharing - PLR | 3558 | 3727 |
| Performance award program - PRD | 3876 | 3944 |
| Salaries and related charges and other provisions | 2191 | 3951 |
| **Total** | **13564** | **14977** |
| Current | 13468 | 14888 |
| Non-current <sup>(1)</sup> | 96 | 89 |
| **Total** | **13564** | **14977** |
| (1) Remaining balance relating to the four-year deferral of the variable compensation program of executive officers and the upper management. | (1) Remaining balance relating to the four-year deferral of the variable compensation program of executive officers and the upper management. | (1) Remaining balance relating to the four-year deferral of the variable compensation program of executive officers and the upper management. |

---

The company recognized the following amounts in the income statement:

---

| | | |
|:---|:---|:---|
|  | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| **Costs/Expenses in the statement of income** |  |  |
| Salaries, vacation, 13<sup>th</sup> salary, charges over provisions and others | (5257) | (5019) |
| Management fees and charges | (18) | (17) |
| Variable compensation programs <sup>(1)</sup> | (1818) | (1684) |
| &nbsp;&nbsp;&nbsp;&nbsp;Performance award program - PRD <sup>(2)</sup> | (846) | (776) |
| &nbsp;&nbsp;&nbsp;&nbsp;Profit sharing - PLR <sup>(2)</sup> | (972) | (908) |
| **Total** | **(7093)** | **(6720)** |
| (1) Includes complement/reversion of previous programs. | (1) Includes complement/reversion of previous programs. | (1) Includes complement/reversion of previous programs. |
| (2) Amount recognized as Other Income and Expenses - note 6. | (2) Amount recognized as Other Income and Expenses - note 6. | (2) Amount recognized as Other Income and Expenses - note 6. |

---

14.1.1 Variable compensation programs

The Company recognizes the contribution of employees to the results achieved through two programs: a) Profit sharing or results sharing; and b) Performance award program.

**Profit Sharing (*Participações nos lucros ou resultados* - PLR)**

In the three-month period ended March 31, 2026, the Company:

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· advanced
the amount of R$1,141 (R$1,131 in the Parent Company) relating to the profit sharing (PLR) for 2025, considering the regulation and
individual limits according to the remuneration of each employee; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· provisioned
the amount of R$968 (R$905 in the period from January to March 2025) relating to the 2026 fiscal year, recorded in other operating
expenses. In the parent company, the provision was R$950 (R$895 in the period from January to March 2025).

**Performance award program (*Programa de prêmio por desempenho* - PRD)**

In the three-month period ended March 31, 2026, the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· advanced the amount of R$914 (R$710 in the Parent
Company) relating to the performance award program (PRD) for 2025, since the Company's and individual performance metrics were achieved
in that year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· provisioned the amount of R$845 (R$776 in the period
from January to March 2025), relating to the 2026 fiscal year, recorded in other operating expenses, including other programs of the consolidated
companies. In the Parent Company, the provision was R$683 (R$633 for the period January to March 2025).

14.2. Employee benefits (post-employment)

The Company maintains a health care plan for its employees in Brazil (active and retiree) and their dependents, and five major post-employment pension plans (collectively referred to as "pension plans").

The following table presents the balance of post-employment benefits:

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **03.31.2026** | **12.31.2025** |
| **Liabilities** |  |  |
| Health Care Plan: AMS Saúde Petrobras | 65528 | 64166 |
| **Health Care Plan** | **65528** | **64166** |
| Petros Pension Plan - Renegotiated (PPSP-R) | 15003 | 15041 |
| Petros Pension Plan - Non-renegotiated (PPSP-NR) | 5207 | 5208 |
| Petros Pension Plan - Renegotiated - Pre-70 (PPSP-R Pré 70) | 2894 | 2823 |
| Petros Pension Plan - Non-renegotiated - Pre-70 (PPSP-NR Pré 70) | 2827 | 2758 |
| Petros 2 Pension Plan (PP-2) | 18 | 20 |
| **Pension Plan** | **25949** | **25850** |
| **Total** | **91477** | **90016** |
| Current | 5773 | 5701 |
| Non-current | 85704 | 84315 |

---

**Health Care Plan**

The health care plan *Saúde Petrobras* – AMS is managed and run by Petrobras Health Association (*Associação Petrobras de Saúde* – APS), a nonprofit civil association, and includes prevention and health care programs. The plan offers assistance to all employees, retirees, pensioners and eligible family members, according to the rules of the plan, and is open to new employees.

Benefits are paid by the Company based on the costs incurred by the beneficiaries. The financial participation of the Company and the beneficiaries on the expenses are provided for in the plan rules and in the ACT, currently at 70% by the Company and 30% by the participants.

**Pension plans**

The Company's post-retirement plans are managed by Petros Foundation, a nonprofit legal entity governed by private law with administrative and financial autonomy.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

Pension plans in Brazil are regulated by the National Council for Supplementary Pension (*Conselho Nacional de Previdência Complementar* – CNPC), which establishes all guidelines and procedures to be adopted by the plans for their management and relationship with stakeholders.

Petros Foundation periodically carries out revisions of the plans and, when applicable, establishes measures aimed at maintaining the financial sustainability of the plans.

On March 24, 2026, the Deliberative Council of Petros Foundation approved the financial statements of the pension plans sponsored by the Company for the year ended December 31, 2025.

The net obligation with pension plans recorded by the Company is measured in accordance with the IFRS Accounting Standards requirements, which has a different measurement methodology to that applicable to pension funds in Brazil, which are regulated by the CNPC.

The following table presents the reconciliation of the deficit of Petros Plan registered by Petros Foundation as of December 31, 2025, with the net actuarial liability registered by the Company on the same date:

---

| | | |
|:---|:---|:---|
| <br>**Accumulated deficit according to CNPC – Petros Foundation** | **PPSP-R <sup>(1)</sup>**<br>**1299** | **PPSP-NR <sup>(1)</sup>**<br>**649** |
| Ordinary and extraordinary future contributions - sponsor | 23514 | 6926 |
| Contributions related to the TFC - sponsor | 4323 | 3121 |
| Financial assumptions (interest rate and inflation), changes in fair value of plan assets and actuarial valuation method | (11272) | (2730) |
| **Net actuarial liability according to *CVM* – Sponsor Company** | **17864** | **7966** |
| (1) It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. |

---

The main difference between these methodologies is that, in the CNPC criterion, Petros Foundation considers the future cash flows of normal and extraordinary sponsor's contributions, discounted to present value, while the Company considers these cash flows as they are realized. In addition, Petros Foundation sets the real interest rate based on profitability expectations and on parameters set by the *Superintendência Nacional de Previdência Complementar* - PREVIC (National Supplementary Pension Authority), while the Company uses a rate that combines the maturity profile of the obligations with the yield curve of government bonds. Regarding the plan assets, Petros Foundation marks government bonds at market value or on the curve, while the Company marks all of them at market value.

14.2.1 Amounts in the financial statements related to defined benefit plans

Net actuarial liabilities represent the obligations of the Company, net of the fair value of plan assets (when applicable), at present value.

Changes in the actuarial liabilities related to pension and health care plans with defined benefit characteristics are presented as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
| | | | **Pension Plans** | **Health Care Plan** |  |
| <br>**Balance on December 31, 2025** | **PPSP-R (1)**<br>**17864** | **PPSP-NR (1)**<br>**7966** | **Petros 2**<br>**20** | **AMS - Saúde Petrobras**<br>**64166** | **Total**<br>**90016** |
| **Recognized in the Statement of Income** | &nbsp;&nbsp;&nbsp;**486** | &nbsp;&nbsp;&nbsp;**221** | &nbsp;&nbsp;&nbsp;**-** | &nbsp;&nbsp;&nbsp;**2130** | &nbsp;&nbsp;&nbsp;**2837** |
| &nbsp;&nbsp;&nbsp;&nbsp;Current service cost | - | - | - | 339 | 339 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest | 486 | 221 |  | 1791 | 2498 |
| **Cash effect** | &nbsp;&nbsp;&nbsp;**(453)** | &nbsp;&nbsp;&nbsp;**(153)** | &nbsp;&nbsp;&nbsp;**(26)** | &nbsp;&nbsp;&nbsp;**(764)** | &nbsp;&nbsp;&nbsp;**(1396)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Contributions paid | (453) | (153) | (26) | (764) | (1396) |
| **Other changes** |  |  | 24 | (4) | 20 |
| **Balance on March 31, 2026** | **17897** | **8034** | **18** | **65528** | **91477** |
| (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
| | | | **Pension Plans** | **Health Care Plan** |  |
| <br>**Balance on December 31, 2024** | **PPSP-R (1)**<br>**16619** | **PPSP-NR (1)**<br>**7169** | **Petros 2**<br>**356** | **AMS - Saúde Petrobras**<br>**46433** | **Total**<br>**70577** |
| **Recognized in the Statement of Income** | &nbsp;&nbsp;&nbsp;**511** | &nbsp;&nbsp;&nbsp;**223** | &nbsp;&nbsp;&nbsp;**9** | &nbsp;&nbsp;&nbsp;**1693** | &nbsp;&nbsp;&nbsp;**2436** |
| &nbsp;&nbsp;&nbsp;&nbsp;Current service cost | 4 | 1 | - | 230 | 235 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net interest | 507 | 222 | 9 | 1463 | 2201 |
| **Recognized in Equity - other comprehensive income** | &nbsp;&nbsp;&nbsp;**-** | &nbsp;&nbsp;&nbsp;**-** | &nbsp;&nbsp;&nbsp;**(1)** | &nbsp;&nbsp;&nbsp;**(3)** | &nbsp;&nbsp;&nbsp;**(4)** |
| &nbsp;&nbsp;&nbsp;&nbsp;(Gains)/losses arising from the remeasurement |  |  | (1) | (3) | (4) |
| **Cash effect** | &nbsp;&nbsp;&nbsp;**(435)** | &nbsp;&nbsp;&nbsp;**(131)** | &nbsp;&nbsp;&nbsp;**(20)** | &nbsp;&nbsp;&nbsp;**(671)** | &nbsp;&nbsp;&nbsp;**(1257)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Contributions paid | (435) | (131) | (20) | (671) | (1257) |
| **Balance on March 31, 2025** | **16695** | **7261** | **344** | **47452** | **71752** |
| (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. |

---

The net expense with pension and health care plans is presented below:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  |  |  | **Pension plans** | **Health care plan** |  |
|  | **PPSP-R (1)** | **PPSP-NR (1)** | **Petros 2** | **AMS - Saúde Petrobras** | **Total** |
| Related to active employees (cost of sales and expenses) | (24) | (6) | - | (781) | (811) |
| Related to retirees (other income and expenses) | (462) | (215) |  | (1349) | (2026) |
| **Net costs for Jan-Mar/2026** | **(486)** | **(221)** | **-** | **(2130)** | **(2837)** |
| Related to active employees (cost of sales and expenses) | (32) | (8) | (1) | (554) | (595) |
| Related to retirees (other income and expenses) | (479) | (215) | (8) | (1139) | (1841) |
| **Net costs for Jan-Mar/2025** | **(511)** | **(223)** | **(9)** | **(1693)** | **(2436)** |
| (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. | (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70. |

---

**14.2.2 Contributions**

In the three-month period ended March 31, 2026, the company contributed a total of R$1,396 (R$1,257 in the same period of 2025) to the defined benefit plans, reducing the balance of obligations, as shown in the table in note 14.2.1. Additionally, it contributed R$396 (R$336 for the period from January to March 2025) to the defined contribution portion of plan PP2 and R$3 to plan PP3 (R$3 for the period from January to March 2025), which were recognized as operating expenses for the period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. Provisions for legal proceedings, judicial deposits and contingent liabilities

15.1 Provisions for legal proceedings

The Company recognizes provisions for legal, administrative and arbitral proceedings, based on the best estimate of the costs, for which it is probable that an outflow of resources embodying economic benefits will be required and that can be reliably estimated. These proceedings mainly include:

&nbsp;&nbsp;&nbsp;&nbsp;· Tax claims including: (i) VAT tax collection - bunker
oil involving several states; (ii) social security contributions - claims for alleged non-payment on allowances and bonuses; and (iii)
claims relating to benefits previously taken for Brazilian federal tax credits applied that were subsequently alleged to be disallowable,
including disallowance of PIS and COFINS tax credits.

&nbsp;&nbsp;&nbsp;&nbsp;· Labor claims, in particular: (i) several individual
and collective labor claims; and (ii) legal actions from outsourced employees.

&nbsp;&nbsp;&nbsp;&nbsp;· Civil claims, in particular: (i) lawsuits related
to contracts; (ii) legal and administrative proceedings involving fines applied by the ANP - Brazilian Agency of Petroleum, Natural Gas
and Biofuels (*Agência Nacional de Petróleo, Gás Natural e Biocombustíveis*), mainly relating to production
measurement systems, as well as administrative and judicial proceedings that discuss the difference between special participation and
royalties in several oil fields; (iii) lawsuits that discuss matters related to pension plans managed by Petros; (iv) civil claims involving
disposal of assets; and (v) lawsuits that discuss compensation related to expropriation and right-of-way easements.

&nbsp;&nbsp;&nbsp;&nbsp;· Environmental claims, specially: (i) fines relating
to an environmental accident in the State of Paraná in 2000; (ii) fines relating to the Company's offshore operation;
and (iii) public civil action for oil spill in 2004 in Serra do Mar State Park.

Provisions for legal proceedings are set out as follows:

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
| **Non-current liabilities** | **03.31.2026** | **12.31.2025** |
| Labor claims | 4387 | 3803 |
| Tax claims | 3173 | 4057 |
| Civil claims | 8835 | 8808 |
| Environmental claims | 1191 | 1213 |
| **Total** | **17586** | **17881** |
|  | **Consolidated** | **Consolidated** |
|  | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| Opening Balance | 17881 | 17543 |
| &nbsp;&nbsp;&nbsp;Additions, net of reversals | (50) | 494 |
| &nbsp;&nbsp;&nbsp;Use of provision | (995) | (2409) |
| &nbsp;&nbsp;&nbsp;Accruals and charges | 754 | 672 |
| &nbsp;&nbsp;&nbsp;Others | (4) | (30) |
| **Closing balance** | **17586** | **16270** |

---

In preparing its unaudited condensed consolidated interim financial statements for the three-month period ended March 31, 2026, the Company considered all available information concerning legal proceedings in which the Company is a defendant, in order to estimate the amounts of obligations and probability that outflows of resources will be required.

In the period from January to March 2026, the decrease of R$295 in the provisioned liability is mainly due to reductions related to the incidence of ICMS (Value Added Tax) on the tax amnesty program, according to note 13.3, mainly offset by provisions related to labor claims.

15.2 Judicial deposits

The Company makes deposits in judicial phases, mainly to suspend the chargeability of the tax debt and to maintain its tax compliance. Judicial deposits are set out in the table below according to the nature of the corresponding lawsuits:

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
| **Non-current assets** | **03.31.2026** | **12.31.2025** |
| Tax | 57368 | 55972 |
| Labor | 4583 | 4617 |
| Civil | 20840 | 20370 |
| Environmental and others | 545 | 551 |
| **Total** | **83336** | **81510** |

---

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| Opening Balance | 81510 | 72745 |
| &nbsp;&nbsp;&nbsp;Additions | 123 | 1061 |
| &nbsp;&nbsp;&nbsp;Use | (153) | (194) |
| &nbsp;&nbsp;&nbsp;Accruals and charges | 1857 | 1467 |
| &nbsp;&nbsp;&nbsp;Others | (1) | (1) |
| **Closing balance** | **83336** | **75078** |

---

The Company maintains a Negotiated Legal Proceeding (NJP) agreement with the Brazilian National Treasury Attorney General's Office (PGFN), aiming to postpone judicial deposits related to federal tax lawsuits with values exceeding R$200, which allows judicial discussion without the immediate disbursement.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

To achieve this, the Company makes production capacity available as a guarantee from the Tupi, Sapinhoá, and Roncador fields. As the judicial deposits are made, the mentioned capacity is released for other processes that may be included in the NJP.

The Company's management understands that the mentioned NJP provides greater cash predictability and ensures the maintenance of federal tax regularity. As of March 31, 2026, the balance of production capacity held in guarantee in the NJP is R$8.583 (R$7.795 as of December 31, 2025).

15.3 Contingent liabilities

The estimates of contingent liabilities are indexed to inflation and updated by applicable interest rates. As of March 31, 2026 estimated contingent liabilities for which the possibility of loss is classified as possible are set out in the following table:

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
| **Nature** | **03.31.2026** | **12.31.2025** |
| Tax | 153807 | 136375 |
| Labor | 10173 | 10244 |
| Civil | 70488 | 70276 |
| Environmental and others | 8254 | 7673 |
| **Total** | **242722** | **224568** |

---

The main contingent liabilities are:

&nbsp;&nbsp;&nbsp;&nbsp;· Tax matters comprising: (i) disapproval of PIS and
COFINS tax compensation due to credit disallowance; (ii) income from foreign subsidiaries and associates not included in the computation
of taxable income (IRPJ and CSLL); (iii) collection of ICMS involving several states; (iv) incidence of social security contributions
on the payment of bonuses; (v) collection of PIS and COFINS, resulting from the payment of taxes negotiated with the Brazilian Federal
Government, excluding the payment of fines; and (vi) withholding income tax (IRRF) on remittances for payments of vessel charters.

&nbsp;&nbsp;&nbsp;&nbsp;· Labor matters, comprising several labors claims;

&nbsp;&nbsp;&nbsp;&nbsp;· Civil matters comprising mainly: (i) administrative
and legal proceedings challenging an ANP order requiring Petrobras to pay additional special participation fees and royalties (production
taxes) with respect to several oil fields, including unitization of deposits and reservoirs; (ii) lawsuits
related to contracts ; (iii) claims that discuss topics related to pension plans managed by
Petros; (iv) fines from regulatory agencies, mainly ANP; and (v) judicial and arbitration proceedings that discuss disposal of assets
carried out by Petrobras; and

&nbsp;&nbsp;&nbsp;&nbsp;· Environmental matters comprised mainly: (i) fines
related to the Company operations; (ii) fishermen's indemnities; and (iii) indemnities for environmental damage.

From January to March 2026, the increase in contingent liabilities was a result mainly from the following changes:

&nbsp;&nbsp;&nbsp;&nbsp;· R$11,266 relating to the reversal of ICMS (VAT Tax)
credits arising from the entry of goods in transactions prior to the fuel sales;

&nbsp;&nbsp;&nbsp;&nbsp;· R$3,263 related to proceedings concerning adjustments
to the income tax and social contribution tax base arising from ancillary obligations and contributions to the Petros Plan;

&nbsp;&nbsp;&nbsp;&nbsp;· R$1,568 related to ICMS VAT tax credits on the acquisition
of goods that, according to the tax authorities, do not constitute fixed assets;

&nbsp;&nbsp;&nbsp;&nbsp;· R$1,208 related to administrative and judicial proceedings
discussing differences in special participation and royalties in various oil fields, including the unification of deposits and reservoirs;

&nbsp;&nbsp;&nbsp;&nbsp;· R$659 related to civil litigation involving contractual
issues; and

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;· R$521 related to the disallowance of credits and
deduction from the PIS and COFINS tax base.

These effects were mainly offset by civil litigation involving the sale of assets totaling R$1,885.

15.4 Collective action and related proceedings

15.4.1 Collective action in the Netherlands

On January 23, 2017, Stichting Petrobras Compensation Foundation ("Foundation") filed a class action in the Netherlands, at the District Court of Rotterdam, against Petróleo Brasileiro S.A. – Petrobras, Petrobras International Braspetro B.V. (PIB BV), Petrobras Global Finance B.V. (PGF), Petrobras Oil & Gas B.V. (PO&G) and some former Petrobras managers. The Foundation alleges that it represents the interests of an unidentified group of investors and asserts that, based on the facts revealed by the Lava-Jato Operation, the defendants acted illegally before the investors.

On May 26, 2021, the District Court of Rotterdam decided that the class action should proceed and that the arbitration clause of Petrobras' bylaws does not prevent the Company's shareholders from having access to the Dutch Judiciary and have their interests represented by the "Foundation". However, the interests of investors who have already started arbitration against Petrobras or who are parties to legal proceedings in which the applicability of the arbitration clause has been definitively recognized are excluded from the scope of the action.

On October 30, 2024, after the parties' comments on the technical evidence, the District Court of Rotterdam issued a ruling, in which it broadly accepted Petrobras' arguments regarding the requests presented in favor of the Company's shareholders and considered that: i) in accordance with Brazilian legislation, all damages alleged by the Foundation qualify as indirect and are not subject to compensation; and ii) according to Argentine law, shareholders cannot, in principle, request compensation from the Company for damages alleged by the Foundation, and the Foundation has not demonstrated that it represents a sufficient number of investors who could, in theory, present such a request.

Therefore, the District Court of Rotterdam rejected the Foundation's allegations in accordance with Brazilian and Argentine law, which resulted in the rejection of all requests made in favor of shareholders. With respect to certain bondholders, the Court considered that Petrobras and PGF acted illegally under Luxembourg law, while PGF acted illegally under Dutch law.

Furthermore, the District Court of Rotterdam confirmed the following issues of the decision released to the market on July 26, 2023: (i) rejection of the allegations against PIBBV, POG BV and the former CEOs of Petrobras from July 2005 to February 2015; and (ii) prescription of requests formulated in accordance with Spanish legislation.

Petrobras, the Foundation and PGF have appealed against the ruling and previous interim decisions, and their appeals are pending of judgment.

In relation to bondholders, the Foundation cannot claim compensation under the class action, which will depend not only on a final result favorable to the interests of the investors in the class action, but also on the filing of subsequent actions by or on behalf of the investors by the Foundation itself, an opportunity in which Petrobras and PGF will be able to offer all the defenses already presented in the class action and others that it deems appropriate, including in relation to the occurrence and quantification of any damages that must be proven by the potential beneficiaries of the decision or by the Foundation. Any compensation for the alleged damage will only be determined by court decisions in subsequent actions.

This class action involves complex issues and the outcome is subject to substantial uncertainties, which depend on factors such as: the scope of the arbitration clause of the Petrobras Bylaws, the jurisdiction of the Dutch court, the scope of the agreement that ended the Class Action in the United States, the Foundation's legitimacy to represent the interests of investors, the several laws applicable to the case, the information obtained from the production phase of evidence, the expert analyses, the timetable to be defined by the Hague Court of Appeal and the judicial decisions on key issues of the process, possible appeals, including before the Dutch Supreme Court, as well as the fact that the Foundation seeks only a declaratory decision in this class action.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

The Company, based on the assessments of its advisors, considers that there are not enough indicative elements to qualify the universe of potential beneficiaries of a possible final decision unfavorable to Petrobras' interests, nor to quantify the supposedly compensable damages.

Thus, it is currently not possible to predict whether the Company will be liable for the effective payment of damages in any future individual claims, as this analysis will depend on the outcome of these complex procedures. In addition, it is not possible to know which investors will be able to bring subsequent individual actions related to this matter against Petrobras.

Furthermore, the claims formulated are broad, cover a multi-year period and involve a wide variety of activities and, in the current scenario, the impacts of such claims are highly uncertain. The uncertainties inherent in all of these issues affect the duration of final resolution of this action. As a result, Petrobras is unable to estimate an eventual loss resulting from this action. However, Petrobras continues to reject the Foundation's allegations, in relation to which it was considered a victim by all Brazilian authorities, including the Supreme Federal Court.

Petrobras and its subsidiaries reject the allegations made by the Foundation and will continue to defend themselves vigorously.

15.4.2 Arbitration and other legal proceedings in Argentina

In relation to the arbitration in Argentina, the Argentine Supreme Court denied the appeal, but the *Consumidores Damnificados Asociación Civil para su Defensa* (formerly *Consumidores Financieros Asociación Civil*, "Association") filed a new appeal to the Argentine Supreme Court, which was also denied, thus the arbitration was sent to the Arbitration Court. This arbitration discusses Petrobras' liability for an alleged loss of market value of Petrobras' shares in Argentina, as a result of the so-called Lava Jato Operation. The Company does not have elements that allow it to provide a reliable estimate of the potential loss in this arbitration.

In parallel to such arbitration, the Association also initiated a collective action before the Civil and Commercial Court of Buenos Aires, in Argentina, with Petrobras appearing spontaneously on April 10, 2023, within the scope of which it alleges Petrobras' responsibility for an alleged loss of the market value of Petrobras' securities in Argentina, as a result of allegations made within the scope of Lava Jato Operation and their impact on the Company's financial statements prior to 2015. Petrobras presented its defense on August 30, 2023. Petrobras denies the allegations presented by the Association and will defend itself against the accusations made by the author of the class action. The Company does not have elements that allow it to provide a reliable estimate of the potential loss in this arbitration.

Regarding criminal proceeding in Argentina related to an alleged fraudulent offer of securities, aggravated by the fact that Petrobras allegedly declared false data in its financial statements prior to 2015, on September 3, 2025, the lower court recognized the statute of limitations on the criminal action and ordered its dismissal. The judgment dismissing the criminal action followed the Court of Appeals' decision on April 3, 2025, which overturned the previous decision to prosecute Petrobras and the previously ordered injunction. On March 2, 2026, the second instance of the Argentine Court rejected the Association's appeal against the dismissal of the criminal case and, on April 23, 2026, ruled that the appeal for cassation filed by the Association was inadmissible. This decision is subject to appeal.

**15.4.3 Arbitrations proposed by non-controlling Shareholders in Brazil** 

There were no relevant changes in the three-month period ended March 31, 2026.

For more information, see note 20.5 to the financial statements for the year ended December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. Provision for decommissioning costs

The following table details the amount of the provision for decommissioning costs by producing area:

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **03.31.2026** | **12.31.2025** |
| Onshore | 3641 | 3714 |
| Shallow Waters | 44209 | 44600 |
| Deep and ultra-deep post-salt | 68813 | 70145 |
| Pre-salt | 38713 | 38430 |
| **Total** | **155376** | **156889** |
| Current | 15457 | 16233 |
| Non-current | 139919 | 140656 |

---

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **2026** | **2025** |
|  | **Jan-Mar** | **Jan-Mar** |
| Opening balance | 156889 | 162253 |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjustment to provision | 33 | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;Use of provisions | (3299) | (1782) |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest accrued | 1782 | 1812 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (29) | (44) |
| **Closing balance** | **155376** | **162282** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. Other assets and liabilities

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Consolidated** | **Consolidated** | **Parent Company** | **Parent Company** |
|  | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** |
| Escrow account and/ or collateral | 4353 | 3768 | 3778 | 3453 |
| Derivative transactions | 1681 | 563 | 468 | 321 |
| Assets related to E&P partnerships | 3265 | 1513 | 2756 | 2092 |
| Others | 766 | 828 | 569 | 564 |
| **Total** | **10065** | **6672** | **7571** | **6430** |
| Current | 8057 | 4928 | 5733 | 4844 |
| Non-Current | 2008 | 1744 | 1838 | 1586 |
| **Liabilities** | **Consolidated** | **Consolidated** | **Parent Company** | **Parent Company** |
|  | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** |
| Obligations arising from divestments | 4359 | 5159 | 4357 | 5157 |
| Contractual retentions | 5139 | 5078 | 4998 | 4926 |
| Advances from customers | 1811 | 1744 | 1577 | 1495 |
| Provisions for environmental expenses, research and development and fines | 2905 | 2785 | 2623 | 2491 |
| Other taxes | 1858 | 1781 | 1858 | 1781 |
| Unclaimed dividends | 982 | 1029 | 982 | 1029 |
| Derivative transactions | 1967 | 723 | 347 | 481 |
| Obligations arising from acquisition of equity interests | 895 | 866 | 895 | 866 |
| Various creditors | 545 | 779 | 544 | 777 |
| Others | 2232 | 2320 | 1412 | 1415 |
| **Total** | **22693** | **22264** | **19593** | **20418** |
| Current | 13482 | 12825 | 10673 | 11276 |
| Non-Current | 9211 | 9439 | 8920 | 9142 |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. Property, plant and equipment

18.1 By class of assets

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | |
| | **Land, buildings**<br> **and**<br> **improvement** | **Equipment and other assets (1)** | **Assets under**<br> **construction (2)** | **Exploration and development costs (3)** | **Right-of-use assets** | **Total** | |
| <br>**Balance on December 31, 2025** | **13160** | **289765** | **204252** | **214012** | **203435** | **924624** | **Parent Company**<br>**Total**<br>**933998** |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated cost | 24304 | 638620 | 235241 | 429060 | 320640 | 1647865 | 1599726 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated depreciation and impairment (4) | (11144) | (348855) | (30989) | (215048) | (117205) | (723241) | (665728) |
| Additions | 12 | 227 | 24733 | 281 | 11293 | 36546 | 36145 |
| Additions to / review of estimates of decommissioning costs | - | - | - | (2) | - | (2) | - |
| Capitalized borrowing costs | - | - | 3262 | - | - | 3262 | 3262 |
| Write-offs | - | (40) | (63) | (75) | (131) | (309) | (229) |
| Transfers (5) | 102 | 7668 | (8793) | 5457 | 3 | 4437 | 4431 |
| Transfers to assets held for sale | - | - | 3 | - | - | 3 | (1) |
| Depreciation, amortization and depletion | (115) | (8625) | - | (6490) | (11505) | (26735) | (27425) |
| Impairment reversal (note 20) | 6 | 15 | 2159 | - | - | 2180 | 2179 |
| Cumulative translation adjustment | (1) | (19) | (13) | (103) | (1) | (137) |  |
| **Balance on March 31, 2026** | **13164** | **288991** | **225540** | **213080** | **203094** | **943869** | **952360** |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated cost | 24420 | 644549 | 254493 | 434272 | 328893 | 1686627 | 1638845 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated depreciation and impairment (4) | (11256) | (355558) | (28953) | (221192) | (125799) | (742758) | (686485) |
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Parent Company** |
|  | **Land, buildings**<br> **and**<br> **improvement** | **Equipment and other assets (1)** | **Assets under**<br> **construction (2)** | **Exploration and development costs (3)** | **Right-of-use assets** | **Total** | **Total** |
| **Balance on December 31, 2024** | **15389** | **283650** | **150990** | **222434** | **171454** | **843917** | **858561** |
| Accumulated cost | 24119 | 600426 | 187751 | 417094 | 262342 | 1491732 | 1444141 |
| Accumulated depreciation and impairment (4) | (8730) | (316776) | (36761) | (194660) | (90888) | (647815) | (585580) |
| Additions | - | 180 | 21848 | 207 | 29225 | 51460 | 51091 |
| Additions to / review of estimates of decommissioning costs | - | - | - | 34 | - | 34 | - |
| Capitalized borrowing costs | - | - | 2610 | - | - | 2610 | 2610 |
| Write-offs | (3) | (104) | (7) | (11) | (26) | (151) | (140) |
| Transfers (5) | 580 | 7013 | (9067) | 2526 | - | 1052 | 1055 |
| Transfers to assets held for sale | - | (7) | - | - | - | (7) | (4) |
| Depreciation, amortization and depletion | (141) | (7097) | - | (5912) | (9776) | (22926) | (23628) |
| Impairment recognition (note 20) | - | (192) | (307) | (58) | (5) | (562) | (563) |
| Impairment reversal (note 20) | - | 23 | - | - | - | 23 | - |
| Cumulative translation adjustment | (3) | (14) | (22) | (137) | (1) | (177) |  |
| **Balance on March 31, 2025** | **15822** | **283452** | **166045** | **219083** | **190871** | **875273** | **888982** |
| Accumulated cost | 24554 | 606770 | 202554 | 420115 | 290061 | 1544054 | 1496992 |
| Accumulated depreciation and impairment (4) | (8732) | (323318) | (36509) | (201032) | (99190) | (668781) | (608010) |

---

---

| |
|:---|
| (1) It is composed of production platforms, refineries, thermoelectric power plants, natural gas processing plants, pipelines, and other operating, storage and production plants, including subsea equipment for the production and flow of oil and gas, depreciated based on the units of production method. |
| (2) See note 8 for assets under construction by operating segment. |
| (3) It is composed of exploration and production assets related to wells, abandonment and dismantling of areas, signature bonuses associated with proved reserves and other costs directly associated with the exploration and production of oil and gas, except for assets under "Equipment and other assets". |
| (4) In the case of land and assets under construction, it refers only to impairment losses. |
| (5) It mainly includes transfers between classes of assets and transfers from advances to suppliers. |

---

Additions in assets under construction, from January to March 2026, are mainly due to investments in the development of production in the Búzios field and other fields in the Santos basin, Espírito Santo basin and Campos basin. As for additions to right-of-use assets, primarily relate to the rigs for E&P operations, with the corresponding record on leasing liability (note 25).

18.2 Estimated useful life

The useful life of assets depreciated are shown below:

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | |
|:---|:---|
| **Asset** | **Weighted average useful life in years** |
| Buildings and improvement | 38 (between 25 and 50) |
| Equipment and other assets | 24 (between 1 to 31) - except assets by the units of production method |
| Exploration and development costs | Units of production method or 20 years |
| Right-of-use | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14 (between 1 and 50) |

---

18.3 Right-of-use assets

The right-of-use assets comprise the following underlying assets:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Consolidated** | &nbsp;&nbsp;**Consolidated** | &nbsp;&nbsp;**Consolidated** | &nbsp;&nbsp;**Consolidated** | &nbsp;&nbsp;**Consolidated** | **Parent Company** |
| | **Platforms** | **Vessels** | **Buildings and others** | **Total** | **Total** |
| **03.31.2026** |  |  |  |  |  |
| Accumulated cost | 159511 | 151972 | 17410 | 328893 | 343747 |
| Accumulated depreciation and impairment | (39608) | (79946) | (6245) | (125799) | (134525) |
| **Total** | **119903** | **72026** | **11165** | **203094** | **209222** |
| **12.31.2025** |  |  |  |  |  |
| Accumulated cost | 157460 | 146541 | 16639 | 320640 | 335512 |
| Accumulated depreciation and impairment | (36822) | (74791) | (5592) | (117205) | (125383) |
| **Total** | **120638** | **71750** | **11047** | **203435** | **210129** |

---

18.4 Production individualization agreements (AIPs)

Petrobras has AIPs signed in Brazil with partner companies in E&P consortia which provides for the equalization of expenses and production volumes, mainly related to the following fields: Agulhinha, Berbigão, Budião Noroeste, Budião Sudeste, the pre-salt layer of Jubarte, and Sururu.

The table below presents changes in the estimate of amounts relating to the execution of the AIPs submitted to the approval of the ANP:

---

| | | |
|:---|:---|:---|
|  | **Jan-Mar/2026** | **Jan-Mar/2025** |
| Opening balance, net | 2248 | 3575 |
| Additions (write-offs) of assets | (185) | (221) |
| Other (income) and expenses | 36 | 23 |
| Indexation charges | (140) | - |
| Payments made | (849) | - |
| Cash inflow | 3102 |  |
| **Closing balance, net** | **4212** | **3377** |

---

These changes reflect the best available estimate of the assumptions used in the calculation base and the sharing of assets in areas to be equalized.

**Sapinhoá Shared Reservoir**

On March 12, 2026, Petrobras paid R$219 to the Brazilian Federal Government, represented by PPSA, regarding the signing of the Amendment to the AIP of the Sapinhoá Shared Reservoir, approved by ANP in the third quarter of 2025.

**Tupi Shared Reservoir**

On March 31, 2026, Petrobras received R$3,102 from partner companies and paid R$624 to the Brazilian Federal Government represented by Pré-Sal Petróleo (PPSA), in relation to the equalization process of the Tupi Shared Reservoir.

18.5 Capitalization rate used to determine the amount of borrowing costs eligible for capitalization

The capitalization rate used to determine the amount of borrowing costs eligible for capitalization was the weighted average of the borrowing costs applicable to the borrowings that were outstanding during the period, other than borrowings made specifically for the purpose of obtaining a qualifying asset. For the three-month period ended March 31, 2026, the capitalization rate was 7.25% p.a. (7.05% p.a. for the three-month period ended March 31, 2025).

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. Intangible assets

19.1 By class of assets

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Parent Company** |
| | **Rights and Concessions (1)** | **Soft**<br> **ware** | **Goodwill** | **Total** | |
| <br>**Balance on December 31, 2025** | **9629** | **4136** | **120** | **13885** | **Total**<br>**13561** |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated cost | 10916 | 11744 | 120 | 22780 | 21728 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated amortization and impairment | (1287) | (7608) | - | (8895) | (8167) |
| Addition | 7 | 315 | - | 322 | 308 |
| Capitalized borrowing costs | - | 24 | - | 24 | 24 |
| Transfers | - | 14 | - | 14 | (11) |
| Amortization | (6) | (235) | - | (241) | (231) |
| Cumulative translation adjustment | (6) |  |  | (6) |  |
| **Balance on March 31, 2026** | **9624** | **4254** | **120** | **13998** | **13651** |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated cost | 10915 | 12074 | 120 | 23109 | 22048 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated amortization and impairment | (1291) | (7820) | - | (9111) | (8397) |
| Estimated useful life in years | Indefinite <sup>(2)</sup> | 5 | Indefinite |  |  |
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Parent Company** |
|  | **Rights and Concessions (1)** | **Soft**<br> **ware** | **Goodwill** | **Total** | **Total** |
| **Balance on December 31, 2024** | **10509** | **3328** | **124** | **13961** | **13772** |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated cost | 10836 | 10294 | 124 | 21254 | 20321 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated amortization and impairment | (327) | (6966) | - | (7293) | (6549) |
| Addition | 9 | 266 | - | 275 | 267 |
| Capitalized borrowing costs | - | 14 | - | 14 | 14 |
| Write-offs | - | (5) | - | (5) | (5) |
| Transfers | - | (25) | - | (25) | (28) |
| Amortization | (4) | (165) | - | (169) | (160) |
| Impairment accrual (note 20) | (946) | - | - | (946) | (946) |
| Cumulative translation adjustment | (1) |  |  | (1) |  |
| **Balance on March 31, 2025** | **9567** | **3413** | **124** | **13104** | **12914** |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated cost | 10844 | 10535 | 124 | 21503 | 20594 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated amortization and impairment | (1277) | (7122) | - | (8399) | (7680) |
| Estimated useful life in years | Indefinite <sup>(2)</sup> | 5 | Indefinite |  |  |

---

---

| |
|:---|
| (1) It comprises mainly signature bonuses (amounts paid in concession and production sharing contracts for oil or natural gas exploration), in addition to public service concessions, trademarks and patents and others. |
| (2) Mainly composed of assets with indefinite useful lives, which are reviewed annually to determine whether events and circumstances continue to support an indefinite useful life assessment. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. Impairment

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| Income Statement |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impairment (losses) reversals | 2180 | (290) |
| &nbsp;&nbsp;&nbsp;&nbsp;Exploratory oil and gas costs | - | (1198) |
| &nbsp;&nbsp;&nbsp;&nbsp;Impairment of equity-accounted investments | (41) | 3 |
| **Net effect within the statement of income** | **2139** | **(1485)** |
| Losses | (41) | (1517) |
| Reversals | 2180 | 33 |
| Statement of financial position |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Property, plant and equipment | 2180 | (539) |
| &nbsp;&nbsp;&nbsp;&nbsp;Intangible | - | (946) |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets held for sale | - | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments | (41) | 3 |
| **Net effect within the statement of financial position** | **2139** | **(1485)** |

---

The Company annually tests its assets for impairment or when there is an indication that their carrying amount may not be recoverable, or that there may be a reversal of impairment losses recognized in previous years.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

In the three-month period ended March 31, 2026, net impairment reversals were recognized in the amount of R$2,139, mainly due to the Nitrogen Fertilizer Unit (UFN-III), located in Três Lagoas/MS, in the amount of R$2,164, whose approval for project resumption resulted in an estimate of positive future cash generation for the asset, with an increase in its recoverable value.

In the three-month period ended March 31, 2025, net impairment losses were recognized in the amount of R$1,485, mainly due to the economic unfeasibility of blocks C-M-753 e C-M-789, located in the Campos basin, in the amount of R$1,198.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. Exploration and evaluation of oil and gas reserves

Changes in the balances of capitalized costs directly associated with exploration wells pending determination of proved reserves and the balance of amounts paid for obtaining rights and concessions for exploration of oil and natural gas (capitalized acquisition costs) are set out in the following table:

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **2026** | **2025** |
|  | **Jan-Mar** | **Jan-Mar** |
| **Capitalized Exploratory Well Costs/Capitalized Acquisition Costs (1)** |  |  |
| Property, plant and equipment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Opening Balance | 13357 | 9131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions | 1447 | 1424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Write-offs | (76) | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cumulative translation adjustment | (59) | (76) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Losses on exploration expenditures written off | - | (252) |
| **Closing balance** | **14669** | **10217** |
| Intangible |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Opening Balance | 9157 | 9966 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additions | 3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cumulative translation adjustment | (5) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Losses on exploration expenditures written off | - | (946) |
| **Closing balance** | **9155** | **9020** |
| **Capitalized Exploratory Well Costs / Capitalized Acquisition Costs** | **23824** | **19237** |
| (1) Amounts capitalized and subsequently expensed in the same period have been excluded from this table. | (1) Amounts capitalized and subsequently expensed in the same period have been excluded from this table. | (1) Amounts capitalized and subsequently expensed in the same period have been excluded from this table. |

---

The additions in the first quarter of 2026 mainly refer to the drilling of wells associated with pre-salt layers of the exploratory blocks FZA-M-59, in the Foz do Amazonas basin, and Aram, in the Santos basin.

Exploration costs recognized in the statement of income and cash used in oil and gas exploration and evaluation activities are set out in the following table:

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| **Exploration costs recognized in the statement of income** |  |  |
| Geological and geophysical expenses | (629) | (533) |
| Exploration expenditures written off (includes dry wells and signature bonuses) <sup>(1)</sup> | (85) | (1202) |
| Contractual penalties on local content requirements | (10) | (32) |
| Other exploration expenses | (2) | (44) |
| **Total expenses** | **(726)** | **(1811)** |
| **Cash used in:** |  |  |
| Operating activities | 631 | 577 |
| Investment activities | 1456 | 1410 |
| **Total cash used** | **2087** | **1987** |
| (1) Includes amounts relating to economic unfeasibility of exploratory blocks (note 20). | (1) Includes amounts relating to economic unfeasibility of exploratory blocks (note 20). | (1) Includes amounts relating to economic unfeasibility of exploratory blocks (note 20). |

---

21.1 Collateral for crude oil exploration concession agreements

The Company has granted collateral to ANP in connection with the performance of the Minimum Exploration Programs established in the concession agreements for petroleum exploration areas in the total amount of R$10,433 (R$7,756 as of December 31, 2025), which is still in force as of March 31, 2026, net of commitments undertaken. As of March 31, 2026, the collateral comprises future crude oil production capacity from Marlim and Búzios producing fields, already in production, pledged as collateral, in the amount of R$7,471 (R$7,471 as of December 31, 2025) and bank guarantees of R$2,962 (R$285 as of December 31, 2025).

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. Investments

22.1 Changes in investment (Parent Company)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Controlled companies** | **Joint operations** | **Joint ventures** | **Associates**<br> **(1)** | **Total** |
| **Balance on December 31, 2025** | 346312 | 130 | 149 | 133 | 346724 |
| Investments | 50 | - | 157 | - | 207 |
| Results of equity-accounted investments | 1010 | 13 | (144) | 9 | 888 |
| Translation adjustment | (18142) | - | - | - | (18142) |
| Other comprehensive income | 7 | - | 7 | - | 14 |
| Dividends | (6) | (1) |  |  | (7) |
| **Balance on March 31, 2026** | **329231** | **142** | **169** | **142** | **329684** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Controlled companies** | **Joint operations** | **Joint ventures** | **Associates**<br> **(1)** | **Total** |
| **Balance on December 31, 2024** | 365419 | 145 | 124 | 710 | 366398 |
| Investments | 62 | - | 11 | - | 73 |
| Restructuring, capital decrease and others | (110) | - | - | - | (110) |
| Results of equity-accounted investments | 4941 | 11 | 23 | 321 | 5296 |
| Translation adjustment | (27152) | - | - | (802) | (27954) |
| Other comprehensive income | (2) | - | - | 685 | 683 |
| Dividends | (117) |  |  | (3) | (120) |
| **Balance on March 31, 2025** | **343041** | **156** | **158** | **911** | **344266** |
| (1) Includes other investments. | (1) Includes other investments. | (1) Includes other investments. | (1) Includes other investments. | (1) Includes other investments. | (1) Includes other investments. |

---

22.2 Changes in investment (Consolidated)

---

| | | | |
|:---|:---|:---|:---|
|  | **Joint ventures** | **Associates**<br> (1) | **Total** |
| Balance on December 31, 2025 | 2558 | 466 | 3024 |
| Investments | 157 | 6 | 163 |
| Results in equity-accounted investments | 20 | 33 | 53 |
| Cumulative translation adjustments | (124) | (32) | (156) |
| Other comprehensive income | 7 |  | 7 |
| **Balance on March 31, 2026** | **2618** | **473** | **3091** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Joint ventures** | **Associates**<br> (1) | **Total** |
| Balance on December 31, 2024 | 2.971 | 1.110 | 4.081 |
| Investments | 11 | 16 | 27 |
| Restructuring, capital decrease and others | - | (24) | (24) |
| Results in equity-accounted investments | 177 | 318 | 495 |
| Cumulative translation adjustments | (209) | (832) | (1.041) |
| Other comprehensive income | - | 685 | 685 |
| Dividends | (42) | (3) | (45) |
| **Balance on March 31, 2025** | **2.908** | **1.270** | **4.178** |
| (1) Includes other investments. | (1) Includes other investments. | (1) Includes other investments. | (1) Includes other investments. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. Disposal of assets and other transactions

The major classes of assets and related liabilities classified as held for sale are shown in the following table:

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | | |
|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** |
|  | **03.31.2026** | **03.31.2026** | **12.31.2025** |
|  | **E&P** | **Total** | **Total** |
| Assets classified as held for sale |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments | 1 | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Property, plant and equipment | 136 | 136 | 135 |
| **Total** | **137** | **137** | **136** |
| Liabilities on assets classified as held for sale |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for decommissioning costs | 572 | 572 | 566 |
| **Total** | **572** | **572** | **566** |

---

**23.1 Contingent assets from disposed investments and other transactions**

Some disposed assets and other agreements provide for receipts subject to contractual clauses, especially related to the Brent variation in transactions related to E&P assets.

The transactions that may generate revenue recognition, accounted for within other income and expenses, are presented below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | **Assets recognized in the period from January to March 2026** | **Assets recognized in the period from January to March 2026** | | |
| **Transactions** | **Closing date** | **At the closing of the operation**<br> **US$ million**<br>| **US$ million** | **R$** | **Assets recognized in previous periods** <br> **US$ million**<br>| **Value of contingent assets on 03.31.2026**<br> **US$ million**<br>|
| **Surplus volume of the transfer of rights agreement** | | | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Sépia and Atapu <sup>(1)</sup> | Apr/2022 | 5263 | 122 | 636 | 1514 | 3622 |
| **Sales in previous Years** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Riacho da Forquilha Pole | Dec/2019 | 62 | - | - | 58 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pampo and Enchova Pole | Jul/2020 | 650 | 47 | 246 | 358 | 245 |
| &nbsp;&nbsp;&nbsp;&nbsp;Baúna Field | Nov/2020 | 285 | 7 | 36 | 271 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cricaré Pole | Dec/2021 | 118 | - | - | 106 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;Peroá Pole | Aug/2022 | 43 | - | - | 26 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;Papa-Terra | Dec/2022 | 90 | - | - | 54 | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;Albacora Leste | Jan/2023 | 250 | - | - | 225 | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Norte Capixaba Pole | Apr/2023 | 66 | - | - | 33 | 33 |
| &nbsp;&nbsp;&nbsp;&nbsp;Golfinho and Camarupim Poles | Aug/2023 | 60 | - | - | 20 | 40 |
| **Total** |  | **6887** | **176** | **918** | **2665** | **4041** |
| (1) The amount recorded in other operating revenues considers an adjustment to present value (note 6). The estimated value of the transaction of US$5,263 million was reduced to US$5,258 million. For more information, see note 29.2 of the financial statements for the year ended December 31, 2025. | (1) The amount recorded in other operating revenues considers an adjustment to present value (note 6). The estimated value of the transaction of US$5,263 million was reduced to US$5,258 million. For more information, see note 29.2 of the financial statements for the year ended December 31, 2025. | (1) The amount recorded in other operating revenues considers an adjustment to present value (note 6). The estimated value of the transaction of US$5,263 million was reduced to US$5,258 million. For more information, see note 29.2 of the financial statements for the year ended December 31, 2025. | (1) The amount recorded in other operating revenues considers an adjustment to present value (note 6). The estimated value of the transaction of US$5,263 million was reduced to US$5,258 million. For more information, see note 29.2 of the financial statements for the year ended December 31, 2025. | (1) The amount recorded in other operating revenues considers an adjustment to present value (note 6). The estimated value of the transaction of US$5,263 million was reduced to US$5,258 million. For more information, see note 29.2 of the financial statements for the year ended December 31, 2025. | (1) The amount recorded in other operating revenues considers an adjustment to present value (note 6). The estimated value of the transaction of US$5,263 million was reduced to US$5,258 million. For more information, see note 29.2 of the financial statements for the year ended December 31, 2025. | (1) The amount recorded in other operating revenues considers an adjustment to present value (note 6). The estimated value of the transaction of US$5,263 million was reduced to US$5,258 million. For more information, see note 29.2 of the financial statements for the year ended December 31, 2025. |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. Finance debt

24.1 Balance by type of finance debt

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Parent Company** | **Parent Company** |
|  | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** |
| Banking Market | 29651 | 24840 | 29501 | 24685 |
| Capital Market | 14875 | 16600 | 14526 | 16264 |
| Development banks (<sup>1)</sup> | 2872 | 2927 | - | - |
| Related Parties (note 28.3) | - | - | 57064 | 58746 |
| Others | 5 | 14 | - | - |
| **Total in Brazil** | **47403** | **44381** | **101091** | **99695** |
| Banking Market | 16218 | 16952 | 4425 | 4577 |
| Capital Market | 72145 | 76940 | - | - |
| Export Credit Agency | 7354 | 6544 | 1905 | - |
| Related Parties (note 28.1) | - | - | 394913 | 411186 |
| Others | 604 | 672 | - | - |
| Total abroad | **96321** | **101108** | **401243** | **415763** |
| **Total finance debt** | **143724** | **145489** | **502334** | **515458** |
| Current | 12970 | 12027 | 201283 | 160408 |
| Noncurrent | 130754 | 133462 | 301051 | 355050 |
| (1) Includes BNDES. | (1) Includes BNDES. | (1) Includes BNDES. | (1) Includes BNDES. | (1) Includes BNDES. |

---

The amount classified in current finance debt is composed of:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Parent Company** | **Parent Company** |
|  | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** |
| Short-term debt | 120 | 112 | 27378 | 18480 |
| Current portion of long-term debt | 10326 | 8888 | 168741 | 137813 |
| Accrued interest in short and long-term debt | 2524 | 3027 | 5164 | 4115 |
| **Total** | **12970** | **12027** | **201283** | **160408** |

---

The capital market balance is mainly composed of R$69,287 in global notes, issued abroad by PGF, R$9,661 in debentures and R$4,865 in book-entry commercial notes, issued in Brazil by Petrobras.

The global notes mature between 2027 and 2115 and do not require collateral. Such financing was carried out in dollars and pounds, being 93% and 7% of the total global notes, respectively.

The debentures and commercial notes, due between 2029 and 2045, do not require real guarantees and are not convertible into shares or equity interests.

On March 31, 2026, there were no defaults, breach of covenants or adverse changes in clauses that would result in changes to the payment terms of loan and financing agreements. There was no change in the guarantees required in relation to December 31, 2025. Petrobras fully, unconditionally and irrevocably guarantees its global notes issued in the capital markets by its wholly owned subsidiary PGF and the loan agreements of its wholly owned subsidiary PGT.

24.2 Changes in finance debt

---

| | | | |
|:---|:---|:---|:---|
| | **Consolidated** | **Consolidated** | **Consolidated** |
| | **Brazil** | **Abroad** | **Total** |
| <br>**Balance on December 31, 2025** | **44381** | **101108** | **145489** |
| Proceeds from finance debt | 5022 | 1926 | 6948 |
| Repayment of principal <sup>(1)</sup> | (2452) | (754) | (3206) |
| Repayment of interest <sup>(1)</sup> | (900) | (2178) | (3078) |
| Accrued interest <sup>(2)</sup> | 1277 | 1518 | 2795 |
| Foreign exchange/ inflation indexation charges | 75 | (370) | (295) |
| Translation adjustment |  | (4929) | (4929) |
| **Balance on March 31, 2026** | **47403** | **96321** | **143724** |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | | |
|:---|:---|:---|:---|
| | **Consolidated** | **Consolidated** | **Consolidated** |
| | **Brazil** | **Abroad** | **Total** |
| <br>**Balance on December 31, 2024** | **34446** | **108980** | **143426** |
| Proceeds from finance debt | 2991 | 18 | 3009 |
| Repayment of principal <sup>(1)</sup> | (1135) | (829) | (1964) |
| Repayment of interest <sup>(1)</sup> | (657) | (2162) | (2819) |
| Accrued interest <sup>(2)</sup> | 943 | 1730 | 2673 |
| Foreign exchange/ inflation indexation charges | 100 | (486) | (386) |
| Translation adjustment | - | (7088) | (7088) |
| **Balance on March 31, 2025** | **36688** | **100163** | **136851** |
| (1) It includes pre-payments. | (1) It includes pre-payments. | (1) It includes pre-payments. | (1) It includes pre-payments. |
| (2) It includes premium and discount over notional amounts, as well as related transaction costs. | (2) It includes premium and discount over notional amounts, as well as related transaction costs. | (2) It includes premium and discount over notional amounts, as well as related transaction costs. | (2) It includes premium and discount over notional amounts, as well as related transaction costs. |

---

24.3 Reconciliation with cash flows from financing activities – Consolidated

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | <br>**Proceeds from finance debt** | <br>**Repayment of principal** | **Jan-Mar/2026**<br>**Repayment of interest** | <br>**Proceeds from finance debt** | <br>**Repayment of principal** | **Jan-Mar/2025**<br>**Repayment of interest** |
| Changes in finance debt | 6948 | (3206) | (3078) | 3009 | (1964) | (2819) |
| Deposits linked to finance debt <sup>(1)</sup> | - | (407) | (25) | - | (813) | (129) |
| **Net cash used in financing activities** | **6948** | **(3613)** | **(3103)** | **3009** | **(2777)** | **(2948)** |
| (1) Deposits linked to finance debt with China Development Bank, with semiannual settlements in June and December. | (1) Deposits linked to finance debt with China Development Bank, with semiannual settlements in June and December. | (1) Deposits linked to finance debt with China Development Bank, with semiannual settlements in June and December. | (1) Deposits linked to finance debt with China Development Bank, with semiannual settlements in June and December. | (1) Deposits linked to finance debt with China Development Bank, with semiannual settlements in June and December. | (1) Deposits linked to finance debt with China Development Bank, with semiannual settlements in June and December. | (1) Deposits linked to finance debt with China Development Bank, with semiannual settlements in June and December. |

---

In the three-month period ended March 31, 2026, the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· repaid several finance debts, in the total amount
of R$6,716, notably: (i) R$4,025 in the capital market; (ii) R$1,621 in the banking market; (iii) R$863 to export credit agencies;
(iv) R$136 to development banks; (v) R$71 to others; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· rose R$6,948, notably: (i) proceeds in the
domestic banking market, in the amount of R$5,016; and (ii) proceeds in the export credit agencies, in the amount of R$1,910.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

24.4 Summarized information on current and non-current finance debt

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
| **Maturity in** | **2026** | **2027** | **2028** | **2029** | **2030** | **2031 onwards** | **Total <sup>(1)</sup>** | **Fair value <sup>(4)</sup>** |
| Financing in U.S. Dollars (US$): | 6411 | 10666 | 8370 | 3334 | 11349 | 49921 | 90051 | 89067 |
| &nbsp;&nbsp;&nbsp;&nbsp;Floating rate debt (2) | 5527 | 7091 | &nbsp;&nbsp;&nbsp;2916 | &nbsp;&nbsp;&nbsp;941 | &nbsp;&nbsp;&nbsp;3839 | &nbsp;&nbsp;&nbsp;4759 | &nbsp;&nbsp;&nbsp;25073 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed rate debt | 884 | 3575 | &nbsp;&nbsp;&nbsp;5454 | &nbsp;&nbsp;&nbsp;2393 | &nbsp;&nbsp;&nbsp;7510 | &nbsp;&nbsp;&nbsp;45162 | &nbsp;&nbsp;&nbsp;64978 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average interest rate (p.a) | 6.2% | 6.0% | &nbsp;&nbsp;&nbsp;5.6% | &nbsp;&nbsp;&nbsp;6.0% | &nbsp;&nbsp;&nbsp;6.1% | &nbsp;&nbsp;&nbsp;6.6% | &nbsp;&nbsp;&nbsp;6.4% |  |
| Financing in Brazilian Reais (R$): | 1488 | 1034 | 722 | 5322 | 3347 | 31295 | 43208 | 40278 |
| &nbsp;&nbsp;&nbsp;&nbsp;Floating rate debt (3) | 1348 | 227 | &nbsp;&nbsp;&nbsp;223 | &nbsp;&nbsp;&nbsp;223 | &nbsp;&nbsp;&nbsp;2813 | &nbsp;&nbsp;&nbsp;28711 | &nbsp;&nbsp;&nbsp;33545 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed rate debt | 140 | 807 | &nbsp;&nbsp;&nbsp;499 | &nbsp;&nbsp;&nbsp;5099 | &nbsp;&nbsp;&nbsp;534 | &nbsp;&nbsp;&nbsp;2584 | &nbsp;&nbsp;&nbsp;9663 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average interest rate (p.a) | 10.4% | 10.0% | &nbsp;&nbsp;&nbsp;10.1% | &nbsp;&nbsp;&nbsp;10.1% | &nbsp;&nbsp;&nbsp;10.6% | &nbsp;&nbsp;&nbsp;8.4% | &nbsp;&nbsp;&nbsp;9.7% |  |
| Financing in Euro (€): | 69 | 9 | 536 | 132 | 265 | 1847 | 2858 | 2836 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed rate debt | 69 | 9 | &nbsp;&nbsp;&nbsp;536 | &nbsp;&nbsp;&nbsp;132 | &nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;1847 | &nbsp;&nbsp;&nbsp;2858 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average interest rate (p.a) | 4.6% | 4.7% | &nbsp;&nbsp;&nbsp;4.6% | &nbsp;&nbsp;&nbsp;4.7% | &nbsp;&nbsp;&nbsp;4.7% | &nbsp;&nbsp;&nbsp;4.8% | &nbsp;&nbsp;&nbsp;4.7% |  |
| Financing in Pound Sterling (£): | 55 | 39 | - | 2024 | - | 2839 | 4957 | 4941 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fixed rate debt | 55 | 39 | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;2024 | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;2839 | &nbsp;&nbsp;&nbsp;4957 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average interest rate (p.a) | 6.2% | 6.1% | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;6.1% | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;6.6% | &nbsp;&nbsp;&nbsp;6.3% |  |
| Financing in Renminbi: | 50 | 25 | 24 | &nbsp;&nbsp;&nbsp;24 | &nbsp;&nbsp;&nbsp;2527 | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;2650 | &nbsp;&nbsp;&nbsp;2601 |
| &nbsp;&nbsp;&nbsp;&nbsp;Floating rate debt | 50 | 25 | &nbsp;&nbsp;&nbsp;24 | &nbsp;&nbsp;&nbsp;24 | &nbsp;&nbsp;&nbsp;2527 | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;2650 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average interest rate (p.a) | 3.1% | 3.1% | &nbsp;&nbsp;&nbsp;3.1% | &nbsp;&nbsp;&nbsp;3.1% | &nbsp;&nbsp;&nbsp;3.1% | &nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;3.1% |  |
| **Total on March 31, 2026** | **8073** | **11773** | **9652** | **10836** | **17488** | **85902** | **143724** | **139723** |
| &nbsp;&nbsp;&nbsp;&nbsp;Average interest rate (p.a) <sup>(4)</sup> | 7.4% | 7.1% | &nbsp;&nbsp;&nbsp;6.9% | &nbsp;&nbsp;&nbsp;7.2% | &nbsp;&nbsp;&nbsp;7.3% | &nbsp;&nbsp;&nbsp;6.7% | &nbsp;&nbsp;&nbsp;6.8% |  |

---

---

| |
|:---|
| (1) The average maturity of outstanding debt as of March 31, 2026 is 11.33 years (11.70 years as of December 31, 2025). |
| (2) Operations with variable index + fixed spread. |
| (3) Operations with variable index + fixed spread, if applicable. |
| (4) On December 31, 2025, the total fair value is R$142,557 and the average interest rate p.a. is 6.7%. |

---

The fair value of the Company's finance debt is mainly determined and categorized into a fair value hierarchy as follows:

&nbsp;&nbsp;&nbsp;&nbsp;· Level 1- quoted prices in active markets for identical
liabilities, when applicable, amounting to R$68,294 as of March 31, 2026 (R$73,678 of December 31, 2025); and

&nbsp;&nbsp;&nbsp;&nbsp;· Level 2 – discounted cash flows based on discount
rate determined by interpolating spot rates considering financing debts indexes proxies, taking into account their currencies and also
Petrobras' credit risk, amounting to R$71,429 as of March 31, 2026 (R$68,879 as of December 31, 2025).

The sensitivity analysis for financial instruments subject to foreign exchange variation is set out in note 27.3.1.

A maturity schedule of the Company's finance debt (undiscounted), including face value and interest payments is set out as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
| **Maturity** | **2026** | **2027** | **2028** | **2029** | **2030** | **2031 onwards** | **03.31.2026** | **12.31.2025** |
| Principal | 5746 | 11672 | &nbsp;&nbsp;10173 | &nbsp;&nbsp;11117 | &nbsp;&nbsp;18089 | &nbsp;&nbsp;87953 | &nbsp;&nbsp;144750 | &nbsp;&nbsp;146219 |
| Interest | 7736 | 10143 | 9263 | &nbsp;&nbsp;8992 | &nbsp;&nbsp;8037 | &nbsp;&nbsp;76357 | &nbsp;&nbsp;120528 | &nbsp;&nbsp;124828 |
| **Total (1)** | **13482** | **21815** | **19436** | **20109** | **26126** | **164310** | **265278** | **271047** |
| (1) The nominal flow of leases is found in note 25. | (1) The nominal flow of leases is found in note 25. | (1) The nominal flow of leases is found in note 25. | (1) The nominal flow of leases is found in note 25. | (1) The nominal flow of leases is found in note 25. | (1) The nominal flow of leases is found in note 25. | (1) The nominal flow of leases is found in note 25. | (1) The nominal flow of leases is found in note 25. | (1) The nominal flow of leases is found in note 25. |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

24.5 Lines of credit

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Consolidated** | **Consolidated** | **Consolidated** |
| | **Financial institution** | **Date** | **Maturity** | **Available**<br> **(Lines of Credit)** | **Used** | **Balance on March 31, 2026** |
| <br>**Company**<br>**Abroad (in US$ million)** | | | | | | |
| PGT BV | Syndicate of banks | 12/16/2021 | 11/16/2028 | 4111 | - | 4111 |
| PGT BV | Syndicate of banks | 07/08/2025 | 11/16/2028 | 1060 | - | 1060 |
| **Total** |  |  |  | **5171** | **-** | **5171** |
| **In Brazil** |  |  |  |  |  |  |
| Petrobras | Bradesco | 12/22/2025 | 11/22/2030 | 1500 | - | 1500 |
| Petrobras | Banco Itaú | 07/30/2025 | 07/31/2030 | 1500 | - | 1500 |
| Petrobras | Banco do Brasil | 03/23/2018 | 09/26/2030 | 3500 | - | 3500 |
| Petrobras | Banco do Brasil | 10/04/2018 | 09/04/2029 | 4000 | - | 4000 |
| Transpetro | Caixa Econômica Federal | 11/23/2010 | Not defined | 329 | - | 329 |
| **Total** |  |  |  | **10829** | **-** | **10829** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. Lease liability

Changes in the balance of lease liabilities are presented below:

---

| | | | |
|:---|:---|:---|:---|
| | **Consolidated** | **Consolidated** | **Consolidated** |
| | **Lessors in Brazil** | **Lessors Abroad** | **Total** |
| <br>**Balance on December 31, 2025** | **36567** | **201969** | **238536** |
| Remeasurement / New agreements | 6891 | 3190 | 10081 |
| Payment of principal and interest | (2937) | (9897) | (12834) |
| Charges incurred in the period | 789 | 2813 | 3602 |
| Monetary and Exchange variation | (1058) | (10343) | (11401) |
| Cumulative translation adjustments | - | (27) | (27) |
| Transfers | 3 | 7 | 10 |
| **Balance on March 31, 2026** | **40255** | **187712** | **227967** |
| Current |  |  | 53477 |
| No Current |  |  | 174490 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Consolidated** | **Consolidated** | **Consolidated** |
| | **Lessors in Brazil** | **Lessors Abroad** | **Total** |
| <br>**Balance on December 31, 2024** | **33959** | **196082** | **230041** |
| Remeasurement / New agreements | 2303 | 25404 | 27707 |
| Payment of principal and interest | (3393) | (8844) | (12237) |
| Charges incurred in the period | 688 | 2986 | 3674 |
| Monetary and Exchange variation | (1317) | (14339) | (15656) |
| Cumulative translation adjustments |  | (66) | (66) |
| **Balance on March 31, 2025** | **32240** | **201223** | **233463** |
| Current |  |  | 50764 |
| No Current |  |  | 182699 |

---

As of March 31, 2026, the value of the lease liability of Petrobras Holding is R$231,751 (R$243,122 as of December 31, 2025), including leases and subleases with investee companies, mainly Transpetro.

The nominal (undiscounted) cash flow, without considering the projected future inflation in the flows of the lease contracts, by maturity, is presented below:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
| **Maturity in** | **2026** | **2027** | **2028** | **2029** | **2030** | **2031 onwards** | **Total (1)** |
| **Nominal value on March 31, 2026** | **42295** | **45955** | **34296** | **23583** | **17828** | **173146** | **337103** |

---

(1) On December 31, 2025, the nominal amounts of future payments are R$355,731.

In certain contracts, there are variable payments and terms of less than 1 year recognized as expenses:

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **2026** | **2025** |
|  | **Jan-Mar** | **Jan-Mar** |
| Variable payments | 1730 | 1359 |
| Up to 1 year maturity | 45 | 10 |
| Variable payments x fixed payments | 13% | 11% |

---

As of March 31, 2026, the nominal amount of lease agreements for which the lease term has not commenced is R$98,815 (R$112,009 at December 31, 2025). The reduction was mainly due to contract terminations related to vessels contracts, in addition to the exchange rate effect in the period.

The sensitivity analysis of financial instruments subject to exchange variation is presented in note 27.3.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. Equity

26.1 Share capital

As of March 31, 2026 and December 31, 2025, the subscribed and fully paid share capital are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **03.31.2026** | **03.31.2026** | **12.31.2025** | **12.31.2025** |
| **Shares** | **Amount** | **Number of**<br> **shares** | **Amount** | **Number of** <br> **shares** |
| Common | 118621 | 7442231382 | 118621 | 7442231382 |
| Preferred | 86811 | 5446501379 | 86811 | 5446501379 |
| **Total of subscribed and paid-in-capital shares** | **205432** | **12888732761** | **205432** | **12888732761** |

---

Preferred shares have priority in the case of capital reimbursement, do not guarantee voting rights and are not convertible into common shares.

26.2 Profit Reserves

The following table presents the final balance of profit reserves as disclosed in the Statements of changes in shareholders' equity:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** | **Parent Company** |
| |  | **Statutory Reserves** |  |  |  |  |
| | **Legal** | **R&D reserve** | **Tax incentives** | **Profit retention** | **Dividends and additional interest in capital proposed** | **Total** |
| <br>**Balance on January 1, 2025** | **41086** | **10272** | **8289** | **26185** | **9145** | **94977** |
| Cancellation of treasury shares |  |  |  | (5563) |  | (5563) |
| **Balance on March 31, 2025** | **41086** | **10272** | **8289** | **20622** | **9145** | **89414** |
| **Balance on January 1, 2026** | **41086** | **10272** | **9104** | **89528** | **8072** | **158062** |
| **Balance on March 31, 2026** | **41086** | **10272** | **9104** | **89528** | **8072** | **158062** |

---

On January 29, 2025, the Board of Directors approved the cancellation of a total of 155,764,169 treasury shares, without reducing the share capital, comprising 155,541,409 preferred shares and 222,760 common shares, the effects of which were reflected in the capital reserves (R$7) and profit retention reserve (R$5,563), offset by the treasury shares account.

26.3 Other comprehensive income

The composition of the other comprehensive income is presented in the following table:

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **03.31.2026** | **12.31.2025** |
| &nbsp;&nbsp;&nbsp;&nbsp;Actuarial losses on defined benefit pension plans | (41666) | (41665) |
| &nbsp;&nbsp;&nbsp;&nbsp;Unrealized losses on cash flow hedge - highly probable future exports | (12422) | (27207) |
| &nbsp;&nbsp;&nbsp;&nbsp;Translation adjustments | 100720 | 118862 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (1014) | (1020) |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total** | **45618** | **48970** |

---

26.4 Distributions to shareholders

**Dividends and interest in capital relating to 2025**

On April 16, 2026, the Annual General Shareholders Meeting approved dividends and interest on capital relating to 2025, amounting to R$41,236 (R$3.19936420 per outstanding share). This amount includes R$33,164 anticipated during 2025 (updated by Selic interest rate from the date of each payment to December 31, 2025) and R$8,072 of complementary dividends which is accounted for as additional dividends and interest on capital proposed.

The complementary dividends of R$8,072, equivalent to R$0.62622908 per preferred and common share in circulation, was reclassified from shareholders' equity to liabilities on the date of approval of the Annual General Meeting and will be paid in two equal installments on May 20 and June 22, 2026, in the form of interest on capital, updated by the Selic rate from December 31, 2025, until the date of each payment.

The interest on capital from the supplementary remuneration for the 2025 fiscal year resulted in a tax credit for income tax and social contribution of R$2,744. Withholding income tax was applied to the interest, except for immune and exempt shareholders, as established in current legislation. The tax benefit related to the supplementary interest on capital will be recognized in the second quarter of 2026.

On November 27, 2025, law No. 15,270/2025 was published, establishing the withholding income tax at a 10% rate on dividends distributed to individuals domiciled in Brazil, when such dividends exceed R$50 thousand per month. The 10% rate also applies to dividends distributed abroad to individuals or legal entities, regardless of the amount, except in specific situations provided for by law. In addition, supplementary law No. 224/2025 increased the withholding income tax rate applicable to interest on capital from 15% to 17.5%. Both laws came into effect on January 1, 2026.

**Dividends and interest in capital payable** 

As of March 31, 2026, there is no outstanding balance of dividends and interest on capital payable to Petrobras shareholders (R$11,415 as of December 31, 2025), as shown in the transaction below.

---

| | | |
|:---|:---|:---|
|  | **Parent Company** | **Parent Company** |
|  | **2026** | **2025** |
|  | **Jan-Mar** | **Jan-Mar** |
| **Change of dividends and interest on capital payable** |  |  |
| **Initial balance** | 11415 | 16334 |
| Payment | (11639) | (16587) |
| Monetary indexation | 298 | 370 |
| Transfers (unclaimed dividends and interest in capital) | (45) | (66) |
| Withholding income tax on interest on capital and monetary indexation | (29) | (51) |
| **Final balance** | **-** | **-** |

---

Between January and March 2026, Petrobras made the following dividend and interest on capital payments:

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Events** | **Date of payment** | **Deliberated amount net of withholding income tax** | **Monetary indexation** | **Withholding income tax on monetary indexation** | **Unclaimed dividends** | **Total** <br> **paid** |
| Dividends and interest on capital of the third quarter of 2025<sup>(1)</sup> | Feb-Mar/2026 | 11415 | 298 | (29) | (49) | 11635 |
| Residual payments of dividends and interest in equity from previous fiscal years | Jan-Mar/2026 |  |  |  | 4 | 4 |
| **Total** |  | **11415** | **298** | **(29)** | **(45)** | **11639** |
| (1) Deliberate gross value of R$12,157, consisting of R$3,821 in dividends and R$8,336 in interest on capital, net of withholding income tax on interest on capital of R$742 collected in 2025. | (1) Deliberate gross value of R$12,157, consisting of R$3,821 in dividends and R$8,336 in interest on capital, net of withholding income tax on interest on capital of R$742 collected in 2025. | (1) Deliberate gross value of R$12,157, consisting of R$3,821 in dividends and R$8,336 in interest on capital, net of withholding income tax on interest on capital of R$742 collected in 2025. | (1) Deliberate gross value of R$12,157, consisting of R$3,821 in dividends and R$8,336 in interest on capital, net of withholding income tax on interest on capital of R$742 collected in 2025. | (1) Deliberate gross value of R$12,157, consisting of R$3,821 in dividends and R$8,336 in interest on capital, net of withholding income tax on interest on capital of R$742 collected in 2025. | (1) Deliberate gross value of R$12,157, consisting of R$3,821 in dividends and R$8,336 in interest on capital, net of withholding income tax on interest on capital of R$742 collected in 2025. | (1) Deliberate gross value of R$12,157, consisting of R$3,821 in dividends and R$8,336 in interest on capital, net of withholding income tax on interest on capital of R$742 collected in 2025. |

---

**Unclaimed dividends and interest in capital**

As of March 31, 2026, the balance of dividends and interest on capital not claimed by shareholders of Petrobras is R$982 (R$1,029 on December 31, 2025) recorded as other current liabilities, as described in note 17. The payment of these dividends and interest on capital was not carried out due to the lack of registration data for which the shareholders are responsible with the custodian bank for the Company's shares.

---

| | | |
|:---|:---|:---|
|  | **Parent Company** | **Parent Company** |
|  | **2026** | **2025** |
|  | **Jan-Mar** | **Jan-Mar** |
| **Changes in unclaimed dividends and interest on capital** |  |  |
| Opening balance | 1029 | 1708 |
| Prescription | (92) | - |
| Transfers from dividends and interest on capital payable | 45 | 66 |
| **Saldo final** | **982** | **1774** |

---

26.5 Earnings per share

---

| | | |
|:---|:---|:---|
|  | **Consolidated and Parent Company** | **Consolidated and Parent Company** |
|  | **2026** | **2025** |
|  | **Jan-Mar** | **Jan-Mar** |
| **Basic and diluted denominator – Net income attributable to shareholders of Petrobras attributable equally between share classes** |  |  |
| **Net income for the period** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common | 18860 | 20330 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred | 13803 | 14879 |
|  | 32663 | 35209 |
| **Basic and diluted denominator - Weighted average number of outstanding shares (number of shares)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common | 7442231382 | 7442231382 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred | 5446501379 | 5446501379 |
|  | 12888732761 | 12888732761 |
| **Basic and diluted earnings per share (R$ per share)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common | 2.53 | 2.73 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred | 2.53 | 2.73 |

---

Basic earnings per share are calculated by dividing the net income attributable to shareholders of Petrobras by the weighted average number of outstanding shares during the period.

Diluted earnings per share are calculated by adjusting the net income attributable to shareholders of Petrobras and the weighted average number of outstanding shares during the period taking into account the effects of all dilutive potential shares (equity instrument or contractual arrangements that are convertible into shares).

Basic and diluted earnings are identical as the Company has no potentially dilutive shares.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. Financial risk management

The Company is exposed to a variety of risks arising from its operations, such as price risk (related to crude oil and oil products prices), foreign exchange rates risk, interest rates risk, credit risk and liquidity risk. Corporate risk management is part of the Company's commitment to act ethically and comply with the legal and regulatory requirements of the countries where it operates.

The Company presents a sensitivity analysis for the period of one year, except for operations with commodity derivatives, for which a three-month period is applied, due to the short-term nature of these transactions.

The effects of derivative financial instruments and hedge accounting are set out as follows:

27.1 Statement of income and statement of comprehensive income

**Statement of income** 

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **Gains/ (losses) recognized**<br> **in the period** | **Gains/ (losses) recognized**<br> **in the period** |
|  | **2026** | **2025** |
|  | **Jan-Mar** | **Jan-Mar** |
| **Exchange rate risk** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cross currency swap - CDI x US$ - 27.3.1 (b) | 228 | 162 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other derivatives | - | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash flow hedge on exports - 27.3.1 (a) | (2665) | (4228) |
| **Interest rate risk** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Swap - IPCA x CDI - 27.3.1 (b) | (5) | 68 |
| **Recognized in Net finance income (expense)** | **(2442)** | **(3999)** |
| **Price risk (commodity derivatives)** |  |  |
| **Recognized in other income and expenses** | **(677)** | **10** |
| **Total** | **(3119)** | **(3989)** |

---

The effects on the statement of income of derivative financial instruments reflect both outstanding transactions as well as transactions closed during the period.

**Statement of comprehensive income**

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **Gains/ (losses) recognized in the period** | **Gains/ (losses) recognized in the period** |
|  | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| Hedge accounting |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash flow hedge on exports - Note 27.3.1 (a) | 22399 | 33168 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | (7616) | (11277) |
| **Total** | **14783** | **21891** |

---

27.2 Statement of financial position

**Assets and liabilities**

---

| | | |
|:---|:---|:---|
| | **Consolidated** | **Consolidated** |
| | **03.31.2026** | **12.31.2025** |
| <br>**Fair value Asset Position (Liability)** | | |
| Open derivatives transactions | (751) | (134) |
| Closed derivatives transactions awaiting financial settlement | 465 | (26) |
| **Recognized in Statements of Financial Position** | **(286)** | **(160)** |
| Other assets (note 17) | 1681 | 563 |
| Other liabilities (note 17) | (1967) | (723) |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

The following table presents the details of the open derivative financial instruments held by the Company and represents its risk exposure:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
| | **Notional amount** | **Notional amount** | **Fair value**<br> **Asset position (Liability)** | **Fair value**<br> **Asset position (Liability)** | **Fair value hierarchy** | **Maturity** |
| | **03.31.2026** | **12.31.2025** | **03.31.2026** | **12.31.2025** | **Fair value hierarchy** | **Maturity** |
| <br>**Derivatives not designated for hedge accounting** | | | | | | |
| Foreign currency risk |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cross currency swap - CDI x US$ <sup>(1)</sup> | US$488 | US$488 | (347) | (466) | Level 2 | 2029 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short position/Foreign currency forwards (BRL/USD) <sup>(1)</sup> | (US$26) | (US$20) | 2 | (1) | Level 2 | 2026 |
| Interest rate risk |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; <br> Swap - IPCA X CDI | 3308 | 3008 | 439 | 293 | Level 2 | 2029/2034/<br> 2036 |
| Price risk |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Future contracts - Crude oil and oil products <sup>(2)</sup> | (2053) | (3045) | (845) | 39 | Level 1 | 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Swap - Short position/Soybean oil <sup>(3)</sup> | (5) | - | - | - | Level 2 | 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Options - Long put/ Soybean oil <sup>(3)</sup> | (2) | (4) |  | 1 | Level 2 | 2026 |
| **Total open derivative transactions** |  |  | **(751)** | **(134)** |  |  |
| (1) Values in US$(dollars) represent millions of the respective currencies. | (1) Values in US$(dollars) represent millions of the respective currencies. | (1) Values in US$(dollars) represent millions of the respective currencies. | (1) Values in US$(dollars) represent millions of the respective currencies. | (1) Values in US$(dollars) represent millions of the respective currencies. | (1) Values in US$(dollars) represent millions of the respective currencies. | (1) Values in US$(dollars) represent millions of the respective currencies. |
| (2) Notional value in thousand bbl. | (2) Notional value in thousand bbl. | (2) Notional value in thousand bbl. | (2) Notional value in thousand bbl. | (2) Notional value in thousand bbl. | (2) Notional value in thousand bbl. | (2) Notional value in thousand bbl. |
| (3) Notional value in thousand tons (operations of the subsidiary PBIO). | (3) Notional value in thousand tons (operations of the subsidiary PBIO). | (3) Notional value in thousand tons (operations of the subsidiary PBIO). | (3) Notional value in thousand tons (operations of the subsidiary PBIO). | (3) Notional value in thousand tons (operations of the subsidiary PBIO). | (3) Notional value in thousand tons (operations of the subsidiary PBIO). | (3) Notional value in thousand tons (operations of the subsidiary PBIO). |

---

Commercial derivatives require guarantees, accounted for as other assets and/or other liabilities:

---

| | | |
|:---|:---|:---|
|  **Consolidated**<br> **Guarantees given (received) as collateral** | **Consolidated**<br> **Guarantees given (received) as collateral** | **Consolidated**<br> **Guarantees given (received) as collateral** |
|  | **03.31.2026** | **12.31.2025** |
| Commodity derivatives | 527 | 278 |

---

**Equity**

---

| | | |
|:---|:---|:---|
|  **Consolidated**<br> **Cumulative losses in other comprehensive income (shareholders' equity)**  | **Consolidated**<br> **Cumulative losses in other comprehensive income (shareholders' equity)**  | **Consolidated**<br> **Cumulative losses in other comprehensive income (shareholders' equity)**  |
|  | **03.31.2026** | **12.31.2025** |
| Hedge accounting |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash flow hedge on exports - Note 27.3.1 (a) | (18823) | (41222) |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | 6401 | 14015 |
| **Total** | **(12422)** | **(27207)** |

---

**27.3 Market risks**

**27.3.1 Foreign exchange risk management**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** **Cash flow hedge involving the Company's future exports** 

The Company uses hedge accounting for the risk arising from foreign exchange rate variations of "highly probable future exports" (hedged item) by means of foreign exchange rate variations of proportions of certain obligations denominated in U.S. dollars (hedging instruments).

The carrying amounts, the fair value as of March 31, 2026, and a schedule of expected reclassifications to the statement of income of cumulative losses recognized in other comprehensive income (shareholders' equity) based on a US$1.00 / R$5.2194 exchange rate are set out below:

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Present value of hedging instrument notional value at**<br> **03.31.2026** | **Present value of hedging instrument notional value at**<br> **03.31.2026** | **Present value of hedging instrument notional value at**<br> **03.31.2026** | **Present value of hedging instrument notional value at**<br> **03.31.2026** |
| **Hedging Instrument** | **Hedged Transactions** | **Nature**<br> **of the Risk** | **Maturity**<br> **Date** | **US$ million** | **R$** |
| Foreign exchange gains and losses on proportion of non-derivative financial instruments cash flows | Foreign exchange gains and losses of highly probable future monthly exports revenues | Foreign Currency<br> – Real vs U.S. Dollar<br> Spot Rate | From apr/2026 to mar/2036 | 73017 | 381103 |

---

---

| | | |
|:---|:---|:---|
| **Changes in the present value of hedging instrument notional value** | **US$ million** | **R$** |
| Amounts designated as of December 31, 2025 | 72080 | 396615 |
| Additional hedging relationships designated, designations revoked and hedging instruments re-designated | 9768 | 50956 |
| Exports affecting the statement of income | (3654) | (19326) |
| Principal repayments / amortization | (5177) | (27204) |
| Foreign exchange variations | - | (19938) |
| **Amounts designated as of March 31, 2026** | **73017** | **381103** |
| **Nominal value of hedging instrument (finance debt and lease liability) on March 31, 2026** | **93757** | **489357** |

---

In the three-month period ended March 31, 2026, the Company recognized a R$204 gain, within foreign exchange rate gains (losses), due to ineffectiveness (a R$479 gain in the same period of 2025).

The average ratio of future exports for which cash flow hedge accounting was designated to highly probable future exports is 71.2%.

A roll-forward schedule of cumulative foreign exchange rate losses recognized in equity to be realized by future exports is set out below:

---

| | | |
|:---|:---|:---|
| <br>**Opening balance** | **Jan-Mar/2026**<br>**(41222)** | **Jan-Mar/2025**<br>**(98094)** |
| Recognized in equity | 19734 | 28940 |
| Reclassified to the statement of income | 2665 | 4228 |
| **Other comprehensive income (loss)** | **22399** | **33168** |
| **Closing balance** | **(18823)** | **(64926)** |

---

Additional hedging relationships may be revoked or additional reclassification adjustments from equity to the statement of income may occur as a result of changes in forecasted export prices and export volumes following future revisions of the Company's business plans. A sensitivity analysis considering a US$10/barrel decrease in Brent prices stress scenario, when compared to the Brent price projections in the Business Plan 2026-2030, would not indicate a reclassification from equity to the statement of income.

A schedule of expected reclassification of cumulative foreign exchange rate losses recognized in other comprehensive income to the statement of income as of March 31, 2026, is set out below:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
| | **2026** | **2027** | **2028** | **2029** | **2030** | **2031**<br> **onwards** | **Total** |
| Expected realization | (5906) | (8461) | (5029) | (4280) | 337 | 4516 | (18823) |

---

&nbsp;&nbsp;&nbsp;&nbsp;b) Derivative financial instruments not designated for hedge accounting

In 2019, Petrobras contracted a cross-currency swap aiming to protect against exposure arising from the 7<sup>th</sup> issuance of debentures, for IPCA x CDI operations, maturing in September 2029 and September 2034, and for CDI x U.S. Dollar operations, maturing in September 2029.

The methodology used to calculate the fair value of this swap operation consists of calculating the future value of the operations, using rates agreed in each contract and the projections of the interest rate curves, IPCA coupon and foreign exchange coupon, discounting to present value using the risk-free rate. Curves are obtained from Bloomberg based on forward contracts traded in stock exchanges.

The mark-to-market is adjusted to the credit risk of the financial institutions, which is not relevant in terms of financial volume, since the Company makes contracts with highly rated banks.

Changes in interest rate forward curves (CDI interest rate) may affect the Company's results, due to the market value of these swap contracts. In preparing a sensitivity analysis for these curves, a parallel shock was estimated based on the average maturity of these swap contracts, in the scope of the Company's Risk Management Policy, which resulted in a 554-basis point effect on the estimated interest rate. The effect of this sensitivity analysis, keeping all other variables constant, is shown in the following table:

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | |
|:---|:---|
|  | **Consolidated** |
| **Financial Instruments** | **Reasonably possible scenario** |
| &nbsp;&nbsp;&nbsp;&nbsp;Swap CDI x USD | (74) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** **Sensitivity analysis for foreign exchange rate risk on financial instruments** 

The sensitivity analysis only covers the exchange rate variation and maintains all other variables constant. The probable scenario is referenced on external sources like Focus bulletin and Thomson Reuters, making use of the exchange rate forecast for the end of the following year, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;· U.S. dollar x real - a 3.46% depreciation of the
real;

&nbsp;&nbsp;&nbsp;&nbsp;· euro x U.S. dollar - a 4.19% appreciation of the
euro;

&nbsp;&nbsp;&nbsp;&nbsp;· pound sterling x U.S. dollar - a 3.15% appreciation
of the pound sterling;

&nbsp;&nbsp;&nbsp;&nbsp;· renminbi x U.S. dollar – a 1.62% appreciation
of the renminbi.

The reasonably possible scenario has the same references and considers the risk of a 20% depreciation of the closing exchange rate of the quarter against the reference currency, except for assets and liabilities of foreign subsidiaries, when transacted in a currency equivalent to their respective functional currencies.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | **Consolidated** | **Consolidated** | **Consolidated** | **Consolidated** |
|  | | | **Exposure** | **Probable Scenario** | **Reasonably possible scenario** |
| **Risk** | **Financial Instruments** | **In millions of US$** | **R$** | **Probable Scenario** | **Reasonably possible scenario** |
| Dollar/Real | Assets | 6592 | 34406 | 1191 | 6881 |
|  | Liabilities | (120761) | (630301) | (21809) | (126060) |
|  | Exchange rate - Cross currency swap | (488) | (2548) | (88) | (510) |
|  | Cash flow hedge on exports | 73017 | 381103 | 13187 | 76221 |
|  | **Dollar/Real** | **(41640)** | **(217340)** | **(7519)** | **(43468)** |
| Euro/Dollar | Assets | 1251 | 6532 | 274 | 1307 |
|  | Liabilities | (1679) | (8761) | (368) | (1752) |
|  | **Euro/Dollar** | **(428)** | **(2229)** | **(94)** | **(445)** |
| Pound/Dollar | Assets | 967 | 5045 | 159 | 1009 |
|  | Liabilities | (1901) | (9924) | (313) | (1985) |
|  | **Pound/Dollar** | **(934)** | **(4879)** | **(154)** | **(976)** |
| Renminbi /Dollar | Assets | 1 | 3 | - | 1 |
|  | Liabilities | (509) | (2659) | (43) | (532) |
|  | **Renminbi /Dollar** | **(508)** | **(2656)** | **(43)** | **(531)** |
| Others <sup>(1)</sup> | Assets | 4 | 20 | 1 | 4 |
|  | Liabilities | (89) | (465) | (35) | (93) |
|  | **Others** | **(85)** | **(445)** | **(34)** | **(89)** |
| **Total** |  | **(43595)** | **(227549)** | **(7844)** | **(45509)** |
| (1) Pound sterling/real, euro/real and peso/U.S. dollar. | (1) Pound sterling/real, euro/real and peso/U.S. dollar. | (1) Pound sterling/real, euro/real and peso/U.S. dollar. | (1) Pound sterling/real, euro/real and peso/U.S. dollar. | (1) Pound sterling/real, euro/real and peso/U.S. dollar. | (1) Pound sterling/real, euro/real and peso/U.S. dollar. |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

**27.3.2 Risk management of products prices - crude oil and oil products and other commodities**

The Company is exposed to commodity price cycles, and it may use derivative instruments to hedge exposures related to prices of products purchased and sold to fulfill operational needs and in specific circumstances depending on business environment analysis and assessment of whether the targets of the Business Plan are being met.

The Company, by use of its assets, positions and market knowledge from its operations in Brazil and abroad, may seek to optimize some of its commercial operations in the international market, with the use of commodity derivatives to manage price risk.

The probable scenario uses market references, used in pricing models for oil, oil products and natural gas markets, and takes into account the closing price of the asset on March 31, 2026. Therefore, no effect is considered arising from outstanding operations in this scenario. The reasonably possible scenario reflects the potential effects on the statement of income from outstanding transactions, considering a variation in the closing price of 20%. To simulate the most unfavorable scenarios, the variation was applied to each asset according to open transactions: price decrease for long positions and increase for short positions.

---

| | | | |
|:---|:---|:---|:---|
|  | **Consolidated** | **Consolidated** | **Consolidated** |
| **Risk** | **Operations** | **Probable scenario** | **Reasonably possible scenario** |
| Derivatives not designated for hedge accounting |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Crude oil and oil products - price changes | Future and forward contracts (Swap) | - | (204) |
| &nbsp;&nbsp;&nbsp;&nbsp;Soybean oil - price changes | Future and forward contracts (Swap) | - | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Soybean oil - price changes | Options | - | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign currency - depreciation BRL x USD | Forward contracts |  | (13) |
| **Total** |  | **-** | **(227)** |

---

The positions with commodity derivatives are presented in note 27.2.

**27.3.3 Interest rate risk management**

The Company prefers not to use derivative financial instruments to manage the risk of interest rate fluctuations, adopting structural actions that take into account the effects on integrated risk exposure.

In this sensitivity analysis, probable scenario represents the amounts to be disbursed by Petrobras relating to the payment of interest on debts linked to floating rates as of March 31, 2026. The reasonably possible scenario represents the disbursement if there is a 40% change on these rates, keeping all other variables constant.

---

| | | |
|:---|:---|:---|
| **Risk** | **Probable scenario** | **Reasonably possible**<br> **scenario** |
| CDI | 3722 | 5211 |
| SOFR 3M <sup>(1)</sup> | 562 | 731 |
| SOFR 6M <sup>(1)</sup> | 390 | 466 |
| SOFR O/N <sup>(1)</sup> | 346 | 484 |
| IPCA | 606 | 848 |
| TJLP | 314 | 439 |
| LPR 12M <sup>(2)</sup> | 81 | 113 |
| TR | 21 | 29 |
|  | **6042** | **8321** |
| &nbsp;&nbsp;(1) Secured Overnight Financing Rate. | &nbsp;&nbsp;(1) Secured Overnight Financing Rate. | &nbsp;&nbsp;(1) Secured Overnight Financing Rate. |
| &nbsp;&nbsp;(2) Loan Prime Rate. | &nbsp;&nbsp;(2) Loan Prime Rate. | &nbsp;&nbsp;(2) Loan Prime Rate. |

---

**27.4 Liquidity risk management**

The possibility of a shortage of cash to settle the Company's obligations on the agreed dates is managed by the Company. The Company mitigates its liquidity risk by defining reference parameters for treasury management and by periodically analyzing the risks associated with the projected cash flow, quantifying its main risks through Monte Carlo simulations. These risks include oil prices, exchange rates, gasoline and diesel international prices, among others. In this way, the Company is able to predict cash needs for its operational continuity and for the execution of its business plan.

In this context, Petrobras' consolidated and individual financial statements, even if they show negative net working capital, do not compromise its liquidity.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

In addition, the company maintains committed credit lines (revolving credit facilities) contracted as a liquidity reserve in adverse situations, as per explanatory note 24.5, and regularly assesses market conditions and may carry out repurchase transactions of its securities or those of its subsidiaries in the international capital market, through various means, including repurchase offers, redemptions of securities and/or open market operations, provided that they are in line with the company's liability management strategy, which aims to improve the amortization profile and the cost of debt.

The expected cash flows related to indebtedness are presented in notes 24.4 and 25, financing and lease liabilities, respectively.

**27.5 Credit risk**

Credit risk management in Petrobras aims to mitigate risk of not collecting receivables, financial deposits or collateral from third parties or financial institutions through the analysis, granting and management of credit, based on quantitative and qualitative parameters that are appropriate for each market segment in which the Company operates.

As of March 31, 2026, the financial assets of cash and cash equivalents and of financial investments are not past due nor considered to be credit impaired, presenting fair values that are equivalent to or do not differ significantly from their carrying amounts.

The effect of credit risk assessments on trade receivables is available in notes 9.2 and 9.3, which present expected credit losses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. Related party transactions

The Company has a policy for related party transactions, which is annually revised and approved by the Board of Directors in accordance with the Company's by-laws.

The related-party transactions policy also aims to ensure an adequate and diligent decision-making process for the Company's key management.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

28.1 Commercial transactions per operation with investees (Parent Company)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **03.31.2026** | **03.31.2026** | **03.31.2026** | **12.31.2025** | **12.31.2025** | **12.31.2025** |
| | **Current** | **Non-current** | **Total** | **Current** | **Non-current** | **Total** |
| <br>**Assets** | | | | | | |
| Trade and other receivables (note 9.1) | 23582 | 867 | 24449 | 15592 | 924 | 16516 |
| &nbsp;&nbsp;&nbsp; Trade and other receivables, mainly from sales | 23395 | - | 23395 | 15398 | - | 15398 |
| &nbsp;&nbsp;&nbsp; Dividends receivable | 155 | - | 155 | 160 | - | 160 |
| &nbsp;&nbsp;&nbsp; Amounts related to construction of gas pipeline | - | 654 | 654 | - | 698 | 698 |
| &nbsp;&nbsp;&nbsp; Other operations | 32 | 213 | 245 | 34 | 226 | 260 |
| Advances to suppliers (note 11) | 242 | 1377 | 1619 | 86 | 1377 | 1463 |
| **Total** | **23824** | **2244** | **26068** | **15678** | **2301** | **17979** |
| **Liabilities** |  |  |  |  |  |  |
| Lease liabilities (1) | (866) | (540) | (1406) | (1271) | (641) | (1912) |
| Mutual operations | (13708) | (178391) | (192099) | (9461) | (156992) | (166453) |
| Prepayment of exports | (123989) | (78825) | (202814) | (90471) | (154263) | (244734) |
| Accounts payable to suppliers (note 12) | (8905) | - | (8905) | (9297) | - | (9297) |
| &nbsp;&nbsp;&nbsp; Purchases of crude oil, oil products and others | (8150) | - | (8150) | (8579) | - | (8579) |
| &nbsp;&nbsp;&nbsp; Affreightment of platforms | (218) | - | (218) | (204) | - | (204) |
| &nbsp;&nbsp;&nbsp; Advances from customers | (537) |  | (537) | (514) |  | (514) |
| **Total** | **(147468)** | **(257756)** | **(405224)** | **(110500)** | **(311896)** | **(422396)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Includes amounts referring to lease and sub-lease transactions
between investees required by IFRS 16 / CPC 06 (R2) - Leases.

---

| | | |
|:---|:---|:---|
|  | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| **Result** |  |  |
| Revenues, mainly sales revenues | 48258 | 33721 |
| Foreign exchange and inflation indexation charges, net (2) | 10442 | 14820 |
| Finance income (expenses), net (2) | (8133) | (8568) |
| **Total** | **50567** | **39973** |
| (2) Includes the amounts of R$27 of positive exchange rate variation and R$44 of financial expense relating to lease and sublease transactions required by IFRS 16 / CPC 06 (R2) (R$78 of positive exchange rate variation and R$82 of financial expense for the period from January to March 2025). | (2) Includes the amounts of R$27 of positive exchange rate variation and R$44 of financial expense relating to lease and sublease transactions required by IFRS 16 / CPC 06 (R2) (R$78 of positive exchange rate variation and R$82 of financial expense for the period from January to March 2025). | (2) Includes the amounts of R$27 of positive exchange rate variation and R$44 of financial expense relating to lease and sublease transactions required by IFRS 16 / CPC 06 (R2) (R$78 of positive exchange rate variation and R$82 of financial expense for the period from January to March 2025). |

---

28.2 Annual interest rates for loan operations

---

| | | |
|:---|:---|:---|
|  | **Parent Company** | **Parent Company** |
|  |  | **Liability** |
|  | **03.31.2026** | **12.31.2025** |
| From 5.01 to 6% | (11095) | (7579) |
| From 6.01 to 7% | (22906) | (3136) |
| From 7.01 to 8% | (93663) | (80309) |
| From 8.01 to 9% | (64435) | (75429) |
| **Total** | **(192099)** | **(166453)** |

---

28.3 Non-standardized credit rights investment fund (FIDC-NP)

The parent company maintains funds invested in the FIDC-NP that are mainly used for the acquisition of performing and / or non-performing credit rights for operations carried out by affiliates. The amounts invested are recorded in accounts receivable.

Assignments of credit rights, performed and not performed, are recorded as financing in current and non-current liabilities.

---

| | | |
|:---|:---|:---|
|  | **Parent Company** | **Parent Company** |
|  | **03.31.2026** | **12.31.2025** |
| Accounts receivable, net (note 9.1) | 56276 | 54686 |
| Credit rights assignments (note 24.1) | (57064) | (58746) |

---

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | |
|:---|:---|:---|
|  | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| Financial Income FIDC-NP | 1584 | 2073 |
| Financial Expenses FIDC-NP | (1664) | (2076) |
| **Net finance income (expense)** | **(80)** | **(3)** |

---

28.4 Guarantees

Petrobras has a procedure of granting guarantees to its subsidiaries and controlled companies for some financial operations carried out in Brazil and abroad. The financial operations carried out by these subsidiaries and guaranteed by Petrobras have a balance of R$91,512 to be settled on March 31, 2026 (R$97,202 on December 31, 2025).

The guarantees offered by Petrobras, mainly surety guarantees, which are non-remunerated, are made based on contractual clauses that support the financial operations between the subsidiaries/controlled companies and third parties, guaranteeing the assumption of the fulfillment of the third party's obligation, should the original debtor fail to do so.

28.5 Transactions with joint ventures, associates, government entities and pension plans

The Company has engaged, and expects to continue to engage, in the ordinary course of business in numerous transactions with joint ventures, associates, pension plans, as well as with the Company's controlling shareholder, the Brazilian Federal Government, which include transactions with banks and other entities under its control, such as financing and banking, asset management and other transactions.

The balances of significant transactions are set out in the following table:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Consolidated** | **Consolidated** | **Consolidated** |
|  |  | **03.31.2026 12.31.2025** | **03.31.2026 12.31.2025** | **03.31.2026 12.31.2025** |
|  | **Asset** | **Liability** | **Asset** | **Liability** |
| **Joint ventures and associates** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Petrochemical companies (associates) | 97 | 36 | 184 | 152 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other associates and joint ventures | 215 | 106 | 238 | 149 |
| **Subtotal** | **312** | **142** | **422** | **301** |
| **Brazilian government – Parent and its controlled entities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Government bonds | 2491 | - | 3037 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Banks controlled by the Brazilian Government | 93311 | 22728 | 88187 | 20855 |
| &nbsp;&nbsp;&nbsp;&nbsp;Road-use Diesel Subsidy Program (note 28.5.1) | 741 | - | - | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Brazilian Federal Government <sup>(1)</sup> | - | 1375 | - | 4915 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pré-Sal Petróleo S.A. – PPSA | - | 279 | - | 639 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | 1044 | 368 | 1001 | 938 |
| **Subtotal** | **97587** | **24750** | **92225** | **27347** |
| &nbsp;&nbsp;&nbsp;&nbsp;Petros | 282 | 1471 | 275 | 1704 |
| **Total** | **98181** | **26363** | **92922** | **29352** |
| Current | 13783 | 2671 | 10435 | 7993 |
| Non-current | 84398 | 23692 | 82487 | 21359 |
| (1) Include dividends and lease amounts. | (1) Include dividends and lease amounts. | (1) Include dividends and lease amounts. | (1) Include dividends and lease amounts. | (1) Include dividends and lease amounts. |

---

The effect on the result of significant transactions is presented below:

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

---

| | | |
|:---|:---|:---|
|  | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| **Joint ventures and associates** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Petrochemical companies (associates) | 4551 | 4751 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other associates and joint ventures | 55 | 65 |
| **Subtotal** | **4606** | **4816** |
| **Brazilian government – Parent and its controlled entities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Government bonds | 86 | 174 |
| &nbsp;&nbsp;&nbsp;&nbsp;Banks controlled by the Brazilian Government | (154) | (262) |
| &nbsp;&nbsp;&nbsp;&nbsp;Road-use Diesel Subsidy Program (note 28.5.1) | 741 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;Brazilian Federal Government | (126) | (147) |
| &nbsp;&nbsp;&nbsp;&nbsp;Pré-Sal Petróleo S.A. – PPSA | (94) | (1484) |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (617) | (388) |
| **Subtotal** | **(164)** | **(2107)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Petros | (24) | (23) |
| **Total - Income (Expenses)** | **4418** | **2686** |
| &nbsp;&nbsp;&nbsp;&nbsp;Revenues, mainly sales revenues | 5319 | 4783 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (expenses) | (665) | (1870) |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign exchange and inflation indexation charges, net | (100) | (88) |
| &nbsp;&nbsp;&nbsp;&nbsp;Finance income (expenses), net | (136) | (139) |
| **Total - Income (Expenses)** | **4418** | **2686** |

---

The liability related to pension plans of the Company's employees and managed by the Petros Foundation, including debt instruments, is presented in note 14.2.

**28.5.1 Road-use diesel subsidy program**

In March 2026, the Company adhered to the economic subsidy program for the commercialization of road-use diesel in Brazil, established by Provisional Measure (MP) No. 1,340, of March 12, 2026, of the Federal Government. This program enables the equalization of part of the costs to road-use diesel producers and importers who proves selling prices charged to distributors equal to or lower than the price determined by the Brazilian Federal Government, according to the methodology defined by ANP.

The first subsidy calculation period occurred from March 12 to March 31, 2026, with receipt to be made by the last business day of the month following the respective calculation period, provided that documentation is made available to ANP within the prescribed timeframe and no amendments are required. This documentation is intended to evidence tax compliance and the application of commercialized prices in accordance with applicable legislation.

The subsidy corresponds to R$0.32 per liter of commercialized road-use diesel. This program is effective from March 12 to December 31, 2026, and may have earlier termination if the budget limit set by the Brazilian Federal Government is reached.

Revenue recognition in the company's financial statements occurs as road-use diesel fuel is sold and delivered to distributors. This right is recognized in accounts receivable.

As of March 31, 2026, the company has recorded accounts receivable in the amount of R$741 relating to the first reporting period foreseen in the program. This amount has an effect on the result of R$672, net of PIS and COFINS taxation, according to Note 4.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

28.6 Compensation of key management personnel

The criteria for compensation of members of the Board of Directors and the Board Executive Officers of Petrobras Parent Company are based on the guidelines established by the Secretariat of Management and Governance of the State-owned Companies (SEST) of the Ministry of Management and Innovation in Public Services, and by the Ministry of Mines and Energy. The total compensation is set out as follows:

**Parent Company**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Jan-Mar/2026** | **Jan-Mar/2026** | **Jan-Mar/2026** | **Jan-Mar/2025** | **Jan-Mar/2025** | **Jan-Mar/2025** |
|  | **Officers** | **Board Members** | **Total** | **Officers** | **Board Members** | **Total** |
| Wages and short-term benefits | 4.5 | 0.4 | 4.9 | 4.3 | 0.3 | 4.6 |
| Social security and other employee-related taxes | 1.2 | 0.1 | 1.3 | 1.2 | 0.1 | 1.3 |
| Post-employment benefits (pension plan) | 0.3 |  | 0.3 | 0.4 |  | 0.4 |
| **Total compensation recognized in the statement of income** | **6.0** | **0.5** | **6.5** | **5.9** | **0.4** | **6.3** |
| **Total compensation paid (1)** | **6.0** | **0.5** | **6.5** | **6.0** | **0.4** | **6.4** |
| Monthly average number of members in the period | 9.00 | 11.00 | 20.00 | 9.00 | 11.00 | 20.00 |
| Monthly average number of paid members in the period | 9.00 | 9.00 | 18.00 | 9.00 | 8.00 | 17.00 |
| (1) Includes portion of the variable compensation for Administrators in the Executive Board related to previous years. | (1) Includes portion of the variable compensation for Administrators in the Executive Board related to previous years. | (1) Includes portion of the variable compensation for Administrators in the Executive Board related to previous years. | (1) Includes portion of the variable compensation for Administrators in the Executive Board related to previous years. | (1) Includes portion of the variable compensation for Administrators in the Executive Board related to previous years. | (1) Includes portion of the variable compensation for Administrators in the Executive Board related to previous years. | (1) Includes portion of the variable compensation for Administrators in the Executive Board related to previous years. |

---

In the three-month period ended March 31, 2026, the consolidated expense for the total remuneration of directors and board members totaled R$18.05 (R$16.56 from in the three-month period ended March 31, 2025).

The remuneration of members of the Advisory Committees to the Board of Directors should be considered separately from the overall remuneration limit set for directors, that is, the amounts received are not classified as remuneration for directors.

Members of the Board of Directors who participate in the Statutory Audit Committees waive the remuneration of a Board Member, as established in Article 38, § 8, of Decree No. 8,945, of December 27, 2016, and were entitled to a total remuneration of R$0.34 from January to March 2026 (R$0.40, considering social charges). In the three-month period ended March 31, 2025, the accumulated remuneration in the period was R$0.48 (R$0.56, considering social charges).

On April 16, 2026, the Ordinary General Meeting set the remuneration of the directors (Executive Board and Board of Directors) at up to R$57.22 as the global limit of remuneration to be paid in the period between April 2026 and March 2027 (R$47.57 in the period between April 2025 and March 2026, set on April 16, 2025).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29. Supplemental information on statement of cash flows

---

| | | |
|:---|:---|:---|
| **Consolidated** | **Consolidated** | **Consolidated** |
|  | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| Amounts paid during the period: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Withholding income tax paid on behalf of third parties | 2556 | 2488 |
| Transactions not involving cash |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchase of property, plant and equipment on credit | 2338 | 2341 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lease | 10971 | 28645 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provision for decommissioning costs | (2) | 34 |
| &nbsp;&nbsp;&nbsp;&nbsp;Use of tax credits and judicial deposit for the payment of contingencies | 464 | 194 |
| &nbsp;&nbsp;&nbsp;&nbsp;Earn Out related to Atapu and Sépia fields | 616 | 403 |

---

29.1 Reconciliation of depreciation with Statements of Cash Flows

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **2026**<br> **Jan-Mar** | **2025**<br> **Jan-Mar** |
| Depreciation and depletion of Property, plant and equipment | 26735 | 22926 |
| Amortization of Intangible assets | 241 | 169 |
|  | **26976** | **23095** |
| Depreciation of right of use - recovery of PIS/COFINS | (105) | (242) |
| Capitalized depreciation | (5257) | (3877) |
| **Depreciation, depletion and amortization in the Statements of Cash Flows and Added Value** | **21614** | **18976** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30. Subsequent events

**Acquisition of interest in the Tartaruga Verde field and in Module III of the Espadarte field**

On April 9, 2026, the Company signed agreements with Petronas Petróleo Brasil Ltda for the acquisition of 50% interest in the Tartaruga Verde and Espadarte (Module III) fields, located in the Campos basin, in the amount of US$450 million, as follows: (i) US$50 million paid on the signature date; (ii) US$350 million at transaction closing; and (iii) two installments of up to US$25 million each, to be paid in 12 and 24 months after closing. After fulfilling the conditions precedent, including the approval by ANP, Petrobras will hold 100% interest in these assets.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

**Signing of new Braskem Shareholders' Agreement** 

On April 23, 2026, Petrobras sent a notification to Novonor S.A., in judicial recovery, stating its decision not to exercise its preemptive and tag-along rights provided for in the current Shareholders' Agreement of Braskem S.A.

On the same date, the Company signed a new Shareholders' Agreement with Shine I - Investment Fund in *Participações Multiestratégia Responsabilidade Limitada* (FIP), establishing joint control of Braskem, including the obligation to obtain consensus in corporate deliberations and equal representation of members on the Board of Directors and Executive Board.

The agreement will be effective upon the completion of the transfer of shares of Novonor to the FIP, and new bylaws for Braskem are also foreseen.

Petrobras will maintain its 36.15% interest in the total capital of Braskem and 47.03% of voting capital.

Considering the terms established in the new Shareholders' Agreement with the FIP, Petrobras' investment in Braskem will be classified as a joint venture entity, maintaining the current accounting valuation of the investment using the equity method.

**Distribution of remuneration to shareholders related to the first quarter of 2026**

On May 11, 2026, the Board of Directors approved the distribution of interim interest on capital of R$9,034 (R$0.70097272 per preferred and common share outstanding), based on the interim financial information for the period ended March 31, 2026, considering the application of the Shareholder Remuneration Policy formula, as shown in the table below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | | **Parent Company** | **Parent Company** |
| <br>&nbsp;&nbsp;&nbsp; | **Date of approval** | **Date of shareholder position** | **Amount per common and preferred shares (R$)** | **Amount** |
| Interim interest on capital | 05.11.2026 | 06.01.2026 | 0.70097272 | 9034 |
| **Total of interim interest on capital** |  |  | **0.70097272** | **9034** |

---

This interest on capital will be paid in two equal installments of R$4,517, on August 20, 2026 and September 21, 2026. The amounts will be updated by the Selic rate, from the date of actual payment of each installment until the end of the fiscal year, on December 31, 2026, and will be deducted from the remuneration that may be distributed to shareholders at the close of the 2026 fiscal year.

**Acquisition of the ring-fence of the Argonauta field in the Campos basin**

On April 27, 2026, the Company entered into an agreement for the acquisition of the ring-fence of the Argonauta field (concession BC-10), located in the Campos basin, for the amount of R$700, of which R$100 will be paid at the closing, and R$600 at the closing or on January 15, 2027, whichever occurs later. In addition, the Company will receive additional US$150 million to be paid 2 years after closing. These amounts are subject to contractual adjustments.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

The acquired area corresponds to the Argonauta field, which represents 0.86% of the Jubarte pre-salt layer shared reservoir, which is subject of a Production Individualization Agreement (AIP) effective as of August 1, 2025.

Following the completion of the transaction, the Company's interest in the Jubarte shared reservoir will be increased to 98.11%, with a 1.89% interest remaining under the Brazilian Federal Government ownership. The transaction also closes negotiations related to the equalization of participation and to the individualization of production involving the parties that previously held the area.

The closing of the transaction is subject to the fulfillment of conditions precedent, including approvals by ANP and CADE.

**NOTES TO THE FINANCIAL STATEMENTS**<br>PETROBRAS<br>(Expressed in millions of reais, unless otherwise indicated)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31. Correlation between the explanatory notes of December 31, 2025, and the ones of March 31, 2026

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| | | |
|:---|:---|:---|
|  | **Number of notes** | **Number of notes** |
| **Notes to the Financial Statements** | **Annual**<br> **for 2025** | **Quarterly information for 1Q-26** |
| Basis of preparation | 2 | 1 |
| Material accounting policies | 3 | 2 |
| Cash and cash equivalents and financial investments | 8 | 3 |
| Sales revenues | 9 | 4 |
| Costs and expenses by nature | 10 | 5 |
| Other income and expenses, net | 11 | 6 |
| Net finance income (expense) | 12 | 7 |
| Information by operating segment | 13 | 8 |
| Trade and other receivables | 14 | 9 |
| Inventories | 15 | 10 |
| Prepayments | 16 | 11 |
| Trade payables | 17 | 12 |
| Taxes | 18 | 13 |
| Employee benefits | 19 | 14 |
| Provisions for legal proceedings, judicial deposits and contingent liabilities | 20 | 15 |
| Provision for decommissioning costs | 21 | 16 |
| Other assets and liabilities | 22 | 17 |
| Property, plant and equipment | 23 | 18 |
| Intangible assets | 24 | 19 |
| Impairment | 25 | 20 |
| Exploration and evaluation of oil and gas reserves | 26 | 21 |
| Investments | 28 | 22 |
| Disposal of assets and other transactions | 29 | 23 |
| Finance debt | 30 | 24 |
| Lease liability | 31 | 25 |
| Equity | 32 | 26 |
| Financial risk management | 33 | 27 |
| Related party transactions | 34 | 28 |
| Supplemental information on statement of cash flows | 35 | 29 |
| Subsequent events | 36 | 30 |

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The notes to the annual report 2025, which were suppressed in the interim financial statements of March 31, 2026, because they do not have significant changes and / or may not be applicable to interim financial information, are:

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| | |
|:---|:---|
| **Notes to the Financial Statements** | **Number of notes** |
| The Company and its operations | 1 |
| Judgments and sources of estimation uncertainty | 4 |
| Climate Change | 5 |
| New standards and interpretations | 6 |
| Capital Management | 7 |
| Consortia (partnerships) in E&P activities | 27 |

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**STATEMENT OF DIRECTORS ON INTERIM ACCOUNTING INFORMATION AND REPORT ON THE REVIEW OF QUARTERLY INFORMATION**

PETROBRAS

In compliance with the provisions of items V and VI of article 27 of CVM Resolution 80, of March 29, 2022, the chief executive officer and directors of Petróleo Brasileiro S.A. - Petrobras, a publicly-held corporation, headquartered at Avenida República do Chile, 65, Rio de Janeiro, RJ, registered with the CNPJ under nº 33.000.167 / 0001-01, declare that the financial statements were prepared in accordance with the law or the bylaws and that:

&nbsp;&nbsp;&nbsp;&nbsp;(i) reviewed, discussed and agreed with the Interim Financial Statements of Petrobras for the period ended
March 31, 2026;

&nbsp;&nbsp;&nbsp;&nbsp;(ii) reviewed, discussed and agreed with the conclusions expressed in the report of KPMG Auditores Independentes
Ltda., regarding the Interim Financial Statements of Petrobras for the period ended March 31, 2026.

Rio de Janeiro, May 11, 2026.

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| | |
|:---|:---|
| **Magda Maria de Regina Chambriard** | **Renata Faria Rodrigues Baruzzi Lopes** |
|  <br> Chief Executive Officer | <br> Chief Engineering, Technology and Innovation Officer |
| **Angélica Garcia Cobas Laureano** | **Ricardo Wagner de Araújo** |
|  <br> Chief Logistics, Commercialization and Markets Executive Officer<br>| <br> Chief Governance and Compliance Executive Officer |
| **Clarice Coppetti** | **Sylvia Maria Couto dos Anjos** |
|  <br> Chief Corporate Affairs Officer | <br> Chief Exploration and Production Executive Officer |
| **Fernando Sabbi Melgarejo** | **William França da Silva** |
| Chief of Finance and Investor Relations Executive Officer | <br> Chief Industrial Processes, Products and Energy Transition and<br> Sustainability Officer |

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![](image_003.jpg)

KPMG Auditores Independentes Ltda.

Rua do Passeio, 38 - Setor 2 - 17º andar - Centro

20021-290 - Rio de Janeiro/RJ - Brasil

Caixa Postal 2888 - CEP 20001-970 - Rio de Janeiro/RJ - Brasil

Telefone +55 (21) 2207-9400, Fax +55 (21) 2207-9000

www.kpmg.com.br

**Report on the review of quarterly information - ITR**

*(A free translation of the original report in Portuguese, as filed with the Brazilian Securities Commission - CVM, prepared in accordance with the Technical Pronouncement CPC 21 (R1) - Interim Financial Reporting and the international accounting standard IAS 34 - Interim Financial Reporting, as issued by the International Accounting Standards Board - IASB)*

To the Board of Directors and Shareholders of

Petróleo Brasileiro S.A. - Petrobras

Rio de Janeiro - RJ

**Introduction**

We have reviewed the individual and consolidated interim financial information of Petróleo Brasileiro S.A. - Petrobras ("the Company"), included in the quarterly information form - ITR for the quarter ended March 31, 2026, which comprises the statement of financial position as of March 31, 2026 and the respective statements of income, comprehensive income, changes in shareholders' equity and of cash flows for the three-months period then ended, including the explanatory notes.

Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with the CPC 21 (R1) – Interim Financial Reporting and the international standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board - IASB, such as for the presentation of these information in accordance with the standards issued by the Brazilian Securities Commission - CVM, applicable to the preparation of quarterly information - ITR. Our responsibility is to express our conclusion on this interim financial information based on our review.

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;KPMG Auditores Independentes Ltda., uma sociedade simples brasileira e firma-membro da rede KPMG de firmas-membro independentes e afiliadas à KPMG International Cooperative ("KPMG International"), uma entidade suíça. | &nbsp;&nbsp;&nbsp;&nbsp;*KPMG Auditores Independentes Ltda., a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.* |

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![](image_003.jpg)

**Scope of the review**

We conducted our review in accordance with Brazilian and international standards on reviews of interim financial information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the auditing standards and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

**Conclusion on the individual and consolidated interim financial information**

Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual and consolidated interim financial information included in the quarterly information referred to above has not been prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34, applicable to the preparation of quarterly information - ITR, and presented in accordance with the standards issued by the Brazilian Securities Commission.

**Other matters - Statements of added value**

The quarterly information referred to above includes the individual and consolidated statements of added value (DVA) for the three-month period ended at March 31, 2026, prepared under responsibility of Company's management, and presented as supplementary information for IAS 34 purposes. These statements were submitted to review procedures carried out together with the review of the Company's interim financial information to conclude that they are reconciled with interim financial information and accounting records, as applicable, and its form and content are in accordance with the criteria defined in CPC 09 (R1) - Statement of Added Value. Based on our review, nothing has come to our attention that causes us to believe that those statements were not prepared, in all material respects, in accordance with the criteria set forth in this Standard with respect to the individual and consolidated interim financial information taken as a whole.

Rio de Janeiro, May 11, 2026

KPMG Auditores Independentes Ltda.

CRC SP-014428/O-6 F-RJ

*(Original report in Portuguese signed by)*

Ulysses M. Duarte Magalhães

Accountant CRC RJ-092095/O-8

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;KPMG Auditores Independentes Ltda., uma sociedade simples brasileira e firma-membro da rede KPMG de firmas-membro independentes e afiliadas à KPMG International Cooperative ("KPMG International"), uma entidade suíça. | &nbsp;&nbsp;&nbsp;&nbsp;*KPMG Auditores Independentes Ltda., a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.* |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: May 11, 2026

**PETRÓLEO BRASILEIRO S.A–PETROBRAS<br>** <br> By: /s/ Fernando Sabbi Melgarejo

______________________________

Fernando Sabbi Melgarejo

Chief Financial Officer and Investor Relations Officer