Petroleo Brasileiro S.A. Petrobras SEC Filings

Petróleo Brasileiro S.A. – Petrobras reports that in 2025 its oil production reached 2.40 million barrels per day, an 11% increase versus 2024 and slightly above the upper limit of its 2025–2029 Business Plan target. Total oil and natural gas output was 2.99 million barrels of oil equivalent per day, also up 11% year over year, while commercial production was 2.62 million boed and exceeded the top end of guidance.

The company states that oil, commercial, and total production all set new annual records in its more than 70 years of operations. Pre-salt output was a key driver, with own production of 2.45 million boed and operated production of 3.70 million boed, representing 82% of total production. New and ramping FPSO platforms in fields such as Búzios, Mero, Jubarte, Marlim, and Voador, plus higher operational efficiency, underpinned the stronger volumes.

Petróleo Brasileiro S.A. – Petrobras has scheduled its 2026 Annual General Meeting for April 16, 2026, in line with its Annual Corporate Events Calendar and Brazilian CVM Resolution 81/2022. This meeting is when shareholders typically vote on key corporate matters such as accounts, governance items and board-related issues.

The company notes that the specific time, place and format of the meeting will be communicated later, indicating that logistical details are still to be defined or disclosed. Investors are directed to Petrobras’ investor relations website and contact channels for further information.

Petróleo Brasileiro S.A. – Petrobras reports that the FPSO P-78 started production on December 31 in the Búzios field in Brazil’s pre-salt Santos Basin. The unit can produce up to 180,000 barrels of oil per day and compress 7.2 million cubic meters of gas per day, expanding the field’s installed capacity to about 1.15 million barrels of oil per day.

The Búzios 6 Project also enables gas exports to shore through the Rota 3 pipeline, potentially increasing Brazil's gas supply by up to 3 million cubic meters per day. P-78 is a new proprietary FPSO design featuring technologies to reduce emissions and improve efficiency, and is supported by 13 wells with intelligent completion systems and high-capacity subsea pipelines. The Búzios field surpassed 1 million barrels per day of production in October 2025 and is operated by Petrobras in partnership with CNOOC, CNODC and PPSA.

PETROBRAS - PETROLEO BRASILEIRO SA has filed a Form 25 to remove a specific debt security from listing and registration on the New York Stock Exchange LLC under Section 12(b) of the Securities Exchange Act of 1934. The security is described as the Guarantor of 8.750% Global Notes due 2026.

The Exchange states that it has complied with its own rules and with 17 CFR 240.12d2-2(b) to strike this class of securities from listing and/or withdraw its registration. The notification is signed on behalf of the New York Stock Exchange by an authorized person, certifying reasonable grounds for filing the Form 25.

Petróleo Brasileiro S.A. – Petrobras is redeeming its 8.750% Global Notes due 2026 through its subsidiary Petrobras Global Finance B.V. The company will redeem an aggregate principal amount of US$344,167,000 on December 29, 2025.

Holders will receive a total redemption price of approximately US$1,018.29 per US$1,000 principal amount, which includes a make-whole premium of about US$18.29 per US$1,000. In addition, they will receive accrued and unpaid interest of roughly US$8.75 per US$1,000 from November 23, 2025 to (but not including) the redemption date.

The Trustee will distribute an aggregate redemption price of US$350,462,301.08, including a make-whole premium of US$6,295,301.08 and accrued interest of US$3,011,461.25. After payment, the notes and Petrobras’s related guaranty will be cancelled and the obligations extinguished. PGF intends to fund the redemption using available cash on hand.

Petróleo Brasileiro S.A. – Petrobras reports progress in negotiations involving its interest in Braskem. Shine I Fundo de Investimento em Direitos Creditórios de Responsabilidade Limitada (FIDC) has submitted a potential Braskem-related transaction to Brazil’s antitrust authority, CADE, with Petrobras participating as an intervening consenting party in view of a possible new shareholders’ agreement.

Petrobras explains that joining any new Braskem shareholders’ agreement will depend on final transaction terms, an assessment of its preemptive and tag-along rights under the current agreement, and internal corporate approvals. The company states that the ongoing negotiations do not affect its existing rights and that it is still evaluating whether to exercise rights under the current agreement or enter a new one. Petrobras reiterates that any final decision will follow governance standards, internal procedures and required regulatory approvals, and will be promptly communicated to the market.

Petróleo Brasileiro S.A. – Petrobras reported that it has signed new long-term commercial contracts with Braskem S.A., taking into account the upcoming expiration of existing agreements between the companies. These contracts govern specific commercial relationships, although detailed financial terms and volumes are not described in the excerpt. The company classifies the execution of these contracts as a Related Party Transaction (RPT), stating that they follow strictly commutative conditions and comply with market terms to support transparency and fairness. The arrangements were reviewed by Petrobras’ Statutory Audit Committee, indicating internal oversight of the transaction’s conditions and alignment with the interests of the companies.

Petróleo Brasileiro S.A. – Petrobras announced a strategic move into Brazil’s onshore renewable energy market by agreeing to acquire 49.99% of Lightsource bp’s subsidiaries in Brazil and form a joint venture with shared management. The partnership will focus on developing profitable renewable projects and raising both companies’ profile among leading players in Brazil’s renewable energy sector.

Lightsource bp will contribute a project pipeline of 1–1.5 GW in more advanced development stages, additional early-stage projects, and the Milagres solar park in Ceará, which has operated since 2023 with 212 MWp of installed capacity. Petrobras describes this as a significant step into solar power generation that supports portfolio diversification and its Business Plan 2026-2030, while noting that the transaction value is not currently materially significant for the company and closing remains subject to regulatory approvals.

Petróleo Brasileiro S.A. – Petrobras reports that it has been notified by Novonor S.A. and its subsidiary NSP Investimentos S.A. about an exclusivity agreement signed with Shine I FIDC, a credit rights investment fund managed by Vórtx Capital and advised by IG4. The agreement grants Shine I FIDC a 60-day period to negotiate a potential transaction involving Braskem S.A. shares held by NSP Investimentos and certain creditor claims against the Novonor group that are guaranteed by those Braskem shares.

Under Braskem’s current shareholders’ agreement, Petrobras holds preemptive and tag-along rights in certain cases where NSP Investimentos transfers its Braskem shares. Petrobras states it will follow developments and analyze the terms of any potential transaction before deciding whether to exercise these rights. The company is also evaluating a new shareholders’ agreement with the parties involved and emphasizes that any final decision will follow its governance practices, internal procedures, required regulatory approvals, and will be promptly disclosed.