Petróleo Brasileiro S.A. – Petrobras is notifying investors about the schedule for its first-quarter 2026 disclosures. The company will release its 1Q26 Production and Sales Report on April 30, 2026, and its 1Q26 Financial Results on May 11, 2026, both after markets close.
On May 12, 2026, Petrobras will host a webcast to present its first-quarter 2026 results, in Portuguese with simultaneous English translation. The notice also includes standard cautionary language that the document may contain forecasts subject to risks and uncertainties.
Petróleo Brasileiro S.A. – Petrobras reports that Braskem shareholders Novonor, NSP Investimentos and investment funds managed by Vórtx Capital have executed a judicial share purchase and sale agreement for Braskem common and Class “A” preferred shares, subject to precedent conditions.
Petrobras’ Executive Board is evaluating whether to waive its preemptive and tag-along rights under the current Braskem shareholders’ agreement, consistent with prior Board authorization. Petrobras also received a binding letter from the acquiring fund proposing a new Braskem shareholders’ agreement with balanced governance and equal board and executive appointments, which internal bodies are reviewing.
Petróleo Brasileiro S.A. – Petrobras signed an agreement to acquire a 75% interest and assume operatorship of offshore Block 3 in São Tomé and Príncipe, Africa, from Oranto Petroleum Limited. After completion, the consortium will comprise Petrobras with 75%, Oranto with 15%, and ANP-STP with 10%.
The move reinforces Petrobras’ exploration activities in Africa, supports portfolio diversification, and aligns with its 2026-2030 business plan to replenish oil and gas reserves through new frontiers and partnerships. Closing remains subject to precedent conditions, including governmental and regulatory approvals in São Tomé and Príncipe.
Petróleo Brasileiro S.A. – Petrobras reports that its Annual General Meeting approved the election of eight board members using the cumulative voting process, with seats filled in separate elections by minority holders of common shares, preferred shareholders, employees and the controlling shareholder.
The meeting also set caps on remuneration for the period from April 2026 to March 2027, following guidance from the State-Owned Enterprises Coordination and Governance Secretariat (SEST). Total pay may reach up to R$57,224,724.44 for officers, R$1,458,475.50 for Fiscal Council members, R$3,792,035.58 for the Statutory Audit Committee, R$4,667,120.70 for the Conglomerate’s Statutory Audit Committee and R$2,916,954.00 for other statutory advisory committees.
Petróleo Brasileiro S.A. – Petrobras reports that its Annual General Meeting approved total shareholder remuneration relating to fiscal year 2025 of R$ 41,235,750,000.00, equal to R$ 3.19936420 per outstanding common and preferred share. This amount includes anticipations already paid by March 2026 totaling R$ 33,164,450,734.32 and an additional fourth-quarter 2025 distribution of R$ 8,071,299,265.68. The fourth-quarter portion corresponds to R$ 0.62622908 per share, to be updated by the Selic rate until payment.
For shares traded on B3, the record date is April 22, 2026, with ex-rights trading from April 23, 2026. Considering monetary adjustment up to the record date, the gross amount to be paid is R$ 0.65252818 per share, in two installments, and will continue to be updated by the Selic rate until the payment dates. For ADRs on the NYSE, the record date is April 24, 2026, with payments starting on May 28, 2026 and June 29, 2026. Income tax will apply to the monetary adjustment portion under current legislation.
Petróleo Brasileiro S.A. – Petrobras reports that shareholders holding more than 5% of its common shares have requested use of the cumulative vote system for electing the Board of Directors at the upcoming Annual General Meeting.
The AGM will be held on April 16, 2026, in a partially digital format. Remote voting ballots already allow for cumulative voting, and ballots properly completed and submitted through available channels will be counted in the Board of Directors election.
PETROBRAS - PETROLEO BRASILEIRO SA Chief Commercial Officer Laureano Angelica Garcia Cobas reported small, mixed insider trades in PETR4 shares held by a spouse. On April 2, 2026, the spouse made an open-market purchase of 1,000 PETR4 shares at a convenience-converted price of $9.49 per share, based on a 48.24 BRL price and an exchange rate of 5.1649 BRL per $1.00. On April 1, 2026, the spouse executed an open-market sale of 19 PETR4 shares at a convenience-converted price of $9.09 per share, reflecting a weighted average price of 46.89 BRL and an exchange rate of 5.1600 BRL per $1.00. Following these transactions and an adjustment for seven PETR4 shares that had been inadvertently overreported on a prior Form 3, the spouse’s indirect holdings attributed to Cobas totaled 3,659 PETR4 shares.
Petróleo Brasileiro S.A. – Petrobras reports that its Board has approved the final investment decision for the SEAP I project in the Sergipe-Alagoas Basin, completing the investment decision process for the Sergipe Deepwater (SEAP) development alongside SEAP II, approved in December 2025. Together, SEAP I and II involve total investments exceeding R$ 60 billion and are expected to produce more than 1 billion barrels of oil equivalent over their lifetimes.
Two FPSO platforms, P-81 for SEAP I and P-87 for SEAP II, will be built and operated by SBM Offshore under a Build, Operate and Transfer model, with combined capacity of up to 240,000 barrels of oil per day and 22 million cubic meters of natural gas per day. SEAP II oil production is scheduled to start in 2030, with gas exports in 2031, while SEAP I production is planned after the 2026–2030 Business Plan horizon. The projects also include 32 wells and a 134 km export gas pipeline and are described as strategic for expanding Brazil’s natural gas availability and opening a new production frontier in the Northeast.
Petróleo Brasileiro S.A. – Petrobras has approved resuming construction of its Nitrogen Fertilizer Unit UFN-III in Três Lagoas, Brazil, after a new review aligned with its Business Plan 2026-2030 confirmed a positive Net Present Value in all evaluated scenarios.
The company estimates about US$ 1 billion in investment to complete UFN-III, with commercial operations targeted for 2029 and construction expected to restart in the first half of 2026. The unit is designed to produce roughly 3,600 tons per day of urea and 2,200 tons per day of ammonia, including 180 tons per day of surplus ammonia for sale.
Petrobras highlights that the decision followed internal approval processes and governance controls. Returning to the fertilizer segment supports its strategy to expand the natural gas market and reduce Brazil’s reliance on imported nitrogen fertilizers, for which national urea consumption is around 8 million tons per year.