Petrobras signed an Expenses and Volumes Equalization Agreement (AEGV) with PPSA tied to the Jubarte pre-salt shared reservoir and will pay R$ 1.54 billion in a single installment by the end of October.
Of this amount, R$ 1.47 billion was already provisioned in the company’s 2Q25 financial statements, indicating most of the impact was recognized earlier. The AEGV stems from the Production Individualization Agreement (AIP) approved by Brazil’s ANP, which defined the proportional shares of each company in the reservoir.
Petrobras notes that equalization covers revenues, investments, operating expenses, royalties, and special participation for the period from August 6, 1998 to July 31, 2025. Negotiations with Argonauta Field partners—Shell Brasil, Enauta (Brava), and ONGC Campos—are ongoing and will be disclosed upon conclusion.
Petróleo Brasileiro S.A. – Petrobras filed a report stating it will release its 3Q25 Production and Sales Report on October 24, 2025 and its 3Q25 Financial Results on November 6, 2025, both after markets close. On November 7, 2025, the company will host a webcast to present third-quarter 2025 results, offered in Portuguese with simultaneous English translation. The webcast is scheduled for 11:30 a.m. Brasília time, 9:30 a.m. New York time, and 2:30 p.m. London time, and investor relations contact details and website links are provided for further information.
Petróleo Brasileiro S.A. – Petrobras is paying the second installment of shareholder remuneration related to its March 31, 2025 balance sheet. The gross amount distributed is R$ 0.45458309 per outstanding common and preferred share, with R$ 0.30844749 as dividends and R$ 0.14613560 as interest on equity.
The payment is made on September 22, 2025 via Banco Bradesco for book-entry shares and via brokers for shareholders with custody in B3. Holders of ADRs on the NYSE will receive payment from JP Morgan Chase starting September 29, 2025. Rights not claimed within three years from September 22, 2025 will lapse and revert to Petrobras.
Petróleo Brasileiro S.A. – Petrobras has completed the acquisition of a 27.5% stake in Block 4, an offshore exploratory block in São Tomé and Príncipe, Africa, joining a consortium led by Shell (30%), along with Galp (27.5%) and ANP-STP (15%).
The company has been active in São Tomé and Príncipe since February 2024, when it acquired stakes in Blocks 10, 11 and 13, and describes this new deal as strengthening its exploratory activities in Africa and supporting portfolio diversification. Petrobras states that the transaction aligns with its 2025–2029 Strategic Plan, aiming to replenish oil and gas reserves through exploration of new frontiers and partnerships, and that all internal governance procedures were followed.
Petróleo Brasileiro S.A. – Petrobras filed a Form 6-K that is incorporated by reference into its and Petrobras Global Finance B.V.’s Form F-3 shelf registration and related prospectus supplement dated September 3, 2025. The filing mainly provides exhibits tied to new debt securities.
The exhibits include guaranties for notes due 2030 and 2036, seventh and eighth supplemental indentures, and forms of 5.125% Global Notes due 2030 and 6.250% Global Notes due 2036, together with legal opinions from Petrobras’ internal counsel, Cleary Gottlieb Steen & Hamilton LLP, and Heussen B.V.
Petróleo Brasileiro S.A. – Petrobras submitted a Form 6-K as a foreign private issuer. The filing states that this report is incorporated by reference into the company’s existing Registration Statement on Form F-3 (No. 333-283981) for Petrobras and Petrobras Global Finance B.V. and into the related prospectus supplement dated September 3, 2025. The Form 6-K includes Exhibit 1.1, which is an underwriting agreement, and is executed on behalf of Petrobras by attorneys-in-fact Andre Gameiro Rua and Lucas Tavares de Mello.
Petróleo Brasileiro S.A. – Petrobras reports that its wholly owned financing subsidiary, Petrobras Global Finance B.V. (PGF), has launched an offering of two new series of U.S. dollar-denominated global notes in international capital markets, subject to market and other conditions. The notes will be unsecured obligations of PGF and will be fully, unconditionally and irrevocably guaranteed by Petrobras.
PGF plans to use the net proceeds from the sale of the notes for general corporate purposes. The transaction is being conducted under an effective registration statement filed with the U.S. Securities and Exchange Commission, with a prospectus and preliminary prospectus supplement available through EDGAR and the joint bookrunners. The notes are targeted at qualified and professional investors and are not intended to be offered or sold to retail investors in the European Economic Area or the United Kingdom, reflecting regional investor protection regulations.
Petróleo Brasileiro S.A. – Petrobras reported that its Board of Directors has appointed Mr. Marcelo Weick Pogliese as a member of the company’s Board of Directors. The appointment follows a prior statement dated August 27, 2025 and was made in accordance with Article 150 of Brazilian Law 6,404/76 and Article 25 of Petrobras’ Bylaws.
Mr. Pogliese will serve as a board member until the first General Meeting, when shareholders typically decide on the composition of the board. The company also reiterates that any forward-looking statements it makes are subject to risks and uncertainties that may cause actual results to differ from expectations.
Petróleo Brasileiro S.A. – Petrobras reports that Brazil’s Ministry of Mines and Energy has appointed Marcelo Weick Pogliese to serve as a member of its Board of Directors, filling the seat previously held by Pietro Adamo Sampaio Mendes.
The appointment is not yet final and will go through Petrobras’ internal governance procedures, including compliance and integrity reviews, and evaluation by the People Committee and the Board of Directors under Brazilian corporate law and the company’s bylaws.
Pogliese is an attorney with advanced degrees in law, currently serving as Special Secretary for Legal Affairs in the Office of the Chief of Staff to the President of Brazil and as a tenured university professor, and has held multiple senior legal and advisory roles in government and at Petrobras.