Petróleo Brasileiro S.A. – Petrobras reports that asset manager GQG Partners LLC has increased the total exposure of its client portfolio in Petrobras securities. According to a letter received under Brazilian disclosure rules, GQG’s client holdings now amount to 187,199,112 common shares and American Depositary Receipts (ADRs), representing approximately 5.03% of Petrobras’ common shares in issue. Crossing this threshold triggers a major-shareholder disclosure and signals that GQG-managed portfolios have become a significant holder in the company’s common equity.
Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors approved the company’s adherence to a new Brazilian federal economic subvention program for producers and importers of gasoline and road diesel oil, created by Provisional Measure 1,358.
The program is optional, and Petrobras considers participation compatible with its interests and complementary to existing subvention programs for road diesel commercialization in Brazil. Final adherence will depend on an ordinance from the Minister of Finance and related regulations. The company states that this move preserves its flexibility to maintain its current commercial strategy, which seeks to avoid passing short-term international price and exchange-rate volatility directly to the domestic market while optimizing refining asset profitability.
Petróleo Brasileiro S.A. – Petrobras has completed acquiring a 49.99% equity interest in Lightsource bp’s Brazilian subsidiaries, formalizing a strategic joint venture in onshore renewable energy and energy storage. The partnership has shared governance, with a Board of Directors equally represented by both companies, and was completed after receiving required regulatory approvals.
Lightsource bp is contributing Brazilian assets and projects, including the operating Milagres solar PV plant with 212 MWp and projects at an advanced development stage. Petrobras contributes its engineering, licensing and regulatory expertise and uses this venture to expand its solar and renewable energy presence in Brazil, aligned with its 2026–2030 Business Plan.
PETROBRAS - PETROLEO BRASILEIRO SA Chief Product Officer Da Silva William Franca reported a compensation-related adjustment to derivative awards. On May 15, 2026, he disposed of 6,840.810 phantom shares to the issuer, linked to PETR3 common shares and settled in cash under the Petrobras Performance Award Program. Following this transaction, he holds 33,418.980 phantom shares, which continue to track the PETR3 share price and are adjusted for dividends and interest on equity.
Petrobras reports that it paid R$72.4 billion in taxes and government take on a cash basis in the first quarter of 2026. This includes R$49.4 billion in taxes from its own operations, R$14.8 billion in Government Take and R$8.2 billion in taxes withheld from third parties.
Federal taxes totaled R$27.3 billion; together with Government Take, R$42.1 billion went to the federal government, about 5.4% of total federal tax revenues and 8% higher than a year earlier. State taxes reached R$29.6 billion, around 12.3% of states’ total collections and up 13.4% year over year, helped by higher ICMS fuel rates and a higher ethanol blend in gasoline.
Municipal taxes were about R$0.7 billion, an 18.3% increase, mainly tied to service contracting in oil and gas exploration and production. Government Take was R$14.8 billion, made up of R$9.7 billion in royalties, R$4.2 billion in Special Participation, R$0.7 billion in signature bonuses and roughly R$0.2 billion in area fees, down 9% versus early 2025 on lower Special Participation. Over the last four quarters, Petrobras contributed R$284.3 billion in taxes and Government Take. The quarter also saw R$5.5 million collected under a new export tax on crude oil and diesel.
PETROBRAS - PETROLEO BRASILEIRO SA Chief Corp. Affairs officer Clarice Coppetti reported a disposition to the issuer of 9,910.7200 phantom shares under the company’s performance award program. After this transaction, she holds 32,965.3800 phantom shares referenced to PETR3 common shares.
The phantom shares are cash-settled awards that mirror PETR3’s price and receive additional credited units when dividends or interest on equity are paid. A related footnote cites a PETR3 weighted average price of 52.21 BRL over the last 20 trading sessions, converted using a 4.9803 BRL per 1.00 USD exchange rate.
Petróleo Brasileiro S.A. – Petrobras uses this climate and energy transition supplement to outline how climate risks and decarbonization are embedded in its strategy and governance. The company targets net-zero operational emissions by 2050, a 30% cut in absolute operational emissions by 2030 versus 2015, elimination of routine flaring by 2030, and near-zero methane by 2030.
By 2025 Petrobras had reduced operational emissions 36% to 50 million tCO₂e and cut direct methane emissions 62% since 2015, while surpassing 80 million tonnes of CO₂ reinjected in pre-salt fields. The 2026–2030 Business Plan allocates US$13 billion to energy transition, including US$4.3 billion for operational decarbonization, US$7.9 billion for low-carbon businesses and bioproducts, and US$1.2 billion for low-carbon R&D, supported by a US$1.0 billion Decarbonization Fund and a Carbon Neutral Program that manages over 1,000 mitigation opportunities.
Petróleo Brasileiro S.A. – Petrobras will pay the first installment of shareholder remuneration for the fourth quarter of 2025 on May 20, 2026, to shareholders of record on April 22, 2026. The payment will be made as interest on capital, with the gross amount per share adjusted by the Brazilian Selic rate for the period from December 31, 2025 to May 20, 2026. Income tax will be charged on both the principal and the monetary adjustment, according to current tax law. Payments will be processed by Bradesco for book-entry shares, by brokers for shares held in B3 custody, and by JP Morgan for ADR holders on or after May 28, 2026.
Petróleo Brasileiro S.A. (Petrobras) reported strong Q1 2026 unaudited results, with sales revenues of $23,535M versus $21,073M a year earlier. Net income reached $6,218M, up from $5,995M, and basic earnings per share rose to $0.48 from $0.46.
Operating cash flow was robust at $8,399M, funding $4,513M of PP&E and intangible additions while finance debt increased modestly to $27,537M. Equity grew to $85,522M, helped by net income and $3,532M of other comprehensive income, mainly from cash flow hedges and translation effects.
The Exploration & Production segment generated $4,844M of net income, with notable $409M in net impairment reversals, largely from resuming the UFN-III fertilizer project. New Brazilian taxes and programs affected results, including $122M of export tax on crude and diesel and a $118M ICMS settlement expense. Provisions for decommissioning costs increased to $29,768M, and post-employment benefit obligations rose to $17,526M. For 2025, shareholders approved $7,507M in dividends, or $0.5814 per share.
Petróleo Brasileiro S.A. (Petrobras) reported solid Q1 2026 IFRS results. Consolidated sales revenues were R$ 123,686,000 thousand, slightly above R$ 123,144,000 thousand a year earlier, while net income attributable to shareholders was R$ 32,663,000 thousand versus R$ 35,209,000 thousand.
Operating cash flow remained strong at R$ 43,975,000 thousand, funding R$ 23,734,000 thousand of investments in property, plant, equipment and intangibles and R$ 11,639,000 thousand of dividends to shareholders. Total consolidated assets reached R$ 1,246,068,000 thousand, with shareholders’ equity of R$ 446,372,000 thousand and a decommissioning provision of R$ 155,376,000 thousand.
The quarter also reflects new and existing tax effects. Petrobras booked R$ 618,000 thousand of expenses from adhering to a Rio de Janeiro ICMS tax settlement program and recognized R$ 639,000 thousand of non-recoverable export tax on crude oil and diesel introduced by Provisional Measure No. 1,340.