Petróleo Brasileiro S.A. – Petrobras has agreed to acquire 100% of a portion of the Argonauta Field ring-fence in the BC-10 concession in Brazil’s Campos Basin from Shell, ONGC, and Brava.
The acquired area corresponds to 0.86% of the shared pre-salt Jubarte Shared Reservoir. The total consideration will be R$ 700 million plus US$ 150 million, paid in three installments: R$ 100 million at closing, R$ 600 million on January 15, 2027 or at closing (whichever is later), and US$ 150 million two years after closing, subject to price adjustments under the agreement.
After completion, Petrobras will hold a 98.11% interest in the Jubarte Shared Reservoir, while Brazil’s federal government, via PPSA, will retain 1.89%. The deal is described as offering attractive economic and financial terms, simplifying asset management, and aligning with Petrobras’ Business Plan focused on profitable assets. Closing is subject to conditions precedent, including approvals from ANP and CADE.
PETROBRAS - PETROLEO BRASILEIRO SA CEO Magda Maria de Regina Chambriard reported an updated holding of 110.37 phantom shares linked to PETR3 common shares. These phantom shares are granted under the Petrobras Performance Award Program, settle in cash upon vesting, and vest in four equal annual installments.
The filing notes that additional phantom shares are credited proportionally when Petrobras pays dividends or interest on equity, including a credit related to a dividend with a record date of April 22, 2026. The reference PETR3 share price used is 52.07 BRL per share, shown in U.S. dollars using a 4.9647 BRL per 1.00 USD exchange rate.
PETROBRAS - PETROLEO BRASILEIRO SA reported an update to Chief Product Officer William Franca Da Silva’s compensation-related phantom share holdings. Following this update, he holds 285.52 phantom shares referenced to PETR3 common shares, which are settled in cash upon vesting under the Petrobras Performance Award Program.
The program credits additional phantom shares proportionally when Petrobras pays dividends or interest on equity, and the deferred portion of each award vests in four equal annual instalments. The footnotes indicate a reference price of $10.49 per share, derived from a PETR3 price of 52.07 BRL and an exchange rate of 4.9647 BRL per $1.00 on the April 22, 2026 record date.
PETROBRAS - PETROLEO BRASILEIRO SA Chief Financial Officer Fernando Sabbi Melgarejo reported his current phantom share holdings under the Petrobras Performance Award Program. He now holds 82.31 phantom shares referenced to PETR3 common shares, with an exercise price of $10.49 per underlying share.
The phantom shares are settled in cash upon vesting, with the deferred portion vesting in four equal annual installments. Additional phantom shares are credited proportionally when Petrobras pays dividends or interest on equity, and this update reflects credits related to the April 22, 2026 dividend record date.
PETROBRAS - PETROLEO BRASILEIRO SA reported an updated holding of phantom shares for Chief Engineering Officer Renata Faria Rodrigues Baruzzi Lopes. After this entry, she holds 81.1500 phantom shares referenced to PETR3 common shares, granted under the Petrobras Performance Award Program and settled in cash upon vesting.
The phantom shares are linked to the PETR3 share price, with a reference price of $10.49 per share, based on a PETR3 closing price of 52.07 BRL and an exchange rate of 4.9647 BRL per $1.00 on April 22, 2026. Additional phantom shares are credited proportionally when Petrobras pays dividends or interest on equity, and the deferred portion of each award vests in four equal annual installments.
PETROBRAS - PETROLEO BRASILEIRO SA reported an update to compensation-linked derivative holdings for Chief Upstream Officer Sylvia Maria Couto Dos Anjos. The filing shows a direct holding of 81.15 phantom shares referenced to PETR3 common shares under the Petrobras Performance Award Program.
These phantom shares are cash-settled upon vesting and vest in four equal annual instalments. Additional phantom shares are credited proportionally when Petrobras pays dividends or interest on equity, including credits tied to a record date of April 22, 2026.
PETROBRAS - PETROLEO BRASILEIRO SA Chief Corporate Affairs officer Clarice Coppetti reported updated holdings of phantom shares tied to PETR3 common shares. Additional phantom shares were credited under the Petrobras Performance Award Program as a result of a dividend payment with record date of April 22, 2026.
The phantom shares are referenced to the PETR3 share price and are settled in cash upon vesting, with the deferred portion vesting in four equal annual instalments. These awards also receive proportional phantom share credits whenever Petrobras pays dividends or interest on equity.
Petróleo Brasileiro S.A. – Petrobras reports that it has chosen not to exercise the preemptive and tag-along rights it held under the existing Braskem shareholders’ agreement with Novonor. Instead, Petrobras has signed a new Braskem shareholders’ agreement with FIP Shine I.
The new agreement is designed to enhance governance and create joint control of Braskem between Petrobras and FIP, requiring consensus on all Board of Directors and General Meeting resolutions and allowing each party to appoint an equal number of directors and executive officers. The agreement will become effective once Braskem implements the necessary measures and the transfer of shares to FIP is completed, and Petrobras and FIP will propose new Braskem bylaws under Braskem’s governance procedures. Petrobras states it maintains a 36.1% interest in Braskem’s total capital, representing 47% of the voting capital, and commits to disclose any material developments.