Petrobras approves R$15.3B shareholder payout

Accepted by SEC EDGAR 11/10/2026 - 06:49 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Petrobras approved shareholder remuneration of R$15.3 billion, equivalent to R$1.18732774 per outstanding common and preferred share, as an advance on remuneration for fiscal 2026 based on the September 30, 2026 balance sheet. Payment will be made in two installments in February and March 2027.

For shares traded on B3, the record date is December 21, 2026, and shares trade ex-rights beginning December 22. ADR holders have a December 23 record date, with payments of the installments to be made as of March 1 and March 29, 2027. Each installment will be adjusted for Selic-rate variation from December 31, 2026, to its payment date. The distribution form—dividends and/or interest on equity—is to be determined by December 10, 2026. Payments are subject to withholding income tax and will be deducted from remuneration to be approved at the 2027 Annual General Meeting for fiscal 2026.

Key Figures

Shareholder remuneration: R$15.3 billion Remuneration per share: R$1.18732774 per outstanding common and preferred share Free cash flow distribution under policy: 45% of free cash flow +1 more

4 metrics

Shareholder remuneration R$15.3 billion Approved as an advance on remuneration for fiscal 2026

Remuneration per share R$1.18732774 per outstanding common and preferred share Approved shareholder remuneration

Free cash flow distribution under policy 45% of free cash flow Applies when gross debt is equal to or below the maximum debt level in the current strategic plan, subject to other Policy conditions

Payment installments 2 installments February and March 2027

Key Terms

free cash flow, Selic rate, ex-rights, interest on equity, +1 more

5 terms

free cash flow financial

"45% of the free cash flow"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

Selic rate financial

"variation of the Selic rate"

ex-rights market

"shares will be traded ex-rights"

A stock trading "ex-rights" means new buyers of the share no longer receive the extra subscription rights that let holders buy newly issued shares at a special price; only holders on the record before that ex-rights date keep those rights. This matters to investors because the share price typically adjusts to reflect the loss of that entitlement, so knowing whether a trade is ex-rights determines who gets the opportunity to buy new shares and how the purchase compares in value.

interest on equity financial

"dividends and/or interest on equity"

A payment a company makes to its shareholders that compensates them for the capital they provided, similar to how a lender receives interest on a loan. In some accounting or tax systems this payment is treated like interest rather than a regular dividend, which can change a company’s reported profit, cash flow and the taxable income of investors; that treatment affects shareholder returns and valuation.

withholding income tax financial

"subject to withholding income tax"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much shareholder remuneration did PBR-A approve?

Petrobras approved R$15.3 billion, equivalent to R$1.18732774 per outstanding common and preferred share, as an advance on shareholder remuneration for fiscal 2026.

When will Petrobras pay the PBR-A shareholder remuneration?

Payment will be made in two installments in February and March 2027. For ADR holders, the first and second installments will be paid as of March 1 and March 29, 2027, respectively.

What are the record dates for PBR-A shareholder remuneration?

For Petrobras shares traded on B3, the record date is December 21, 2026, and the shares trade ex-rights beginning December 22. For ADR holders, the record date is December 23, 2026.

Will the Petrobras shareholder payment be dividends or interest on equity?

The distribution form, whether dividends and/or interest on equity, is to be determined by December 10, 2026. Payments are subject to withholding income tax and will be deducted from remuneration to be approved at the 2027 Annual General Meeting for fiscal 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of November, 2026

Commission File Number 1-15106

PETRÓLEO BRASILEIRO S.A. – PETROBRAS

(Exact name of registrant as specified in its charter)

Brazilian Petroleum Corporation – PETROBRAS

(Translation of Registrant's name into English)

Avenida Henrique Valadares, 28 – 9th floor 
20231-030 – Rio de Janeiro, RJ
Federative Republic of Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

 

Petrobras informs about shareholder remuneration

—

Rio de Janeiro, November 10, 2026 – Petróleo Brasileiro S.A. – Petrobras, pursuant to CVM Resolution No. 44/21, informs that its Board of Directors, at a meeting held today, approved the payment of shareholder remuneration in the amount of R$ 15.3 billion, equivalent to R$ 1.18732774 per outstanding common and preferred share, as an anticipation of the remuneration to shareholders related to the fiscal year 2026, declared based on the balance sheet as of September 30, 2026.

The proposed distribution is aligned with the company’s Shareholder Remuneration Policy (Policy), which establishes that, in the event of gross debt equal to or less than the maximum debt level defined in the current strategic plan, observing other Policy conditions, Petrobras shall distribute to its shareholders 45% of the free cash flow. This distribution is consistent with the company's financial sustainability.

Record date: For holders of shares issued by Petrobras traded on B3, the record date will be December 21, 2026. Petrobras shares will be traded ex-rights as of December 22, 2026.

Form of Payment: The remuneration will be paid in two installments in February and March 2027, as follows:

Amount to be Paid: R$ 1.18732774 per outstanding common and preferred share, whereas:

(i) the first installment, amounting to R$ 0.59366387 per outstanding common and preferred share, will be paid on February 22, 2027.

(ii) the second installment, amounting to R$ 0.59366387 per outstanding common and preferred share, will be paid on March 22, 2027.

It is important to note that the amount of each installment will be updated by the variation of the Selic rate from December 31, 2026, until the date of each payment, and that the values paid will be subject to withholding income tax, in accordance with the applicable tax legislation.

Furthermore, such payments will be deducted from the shareholder remuneration to be approved at the 2027 Annual General Meeting regarding the 2026 fiscal year.

Form of distribution: The form of distribution of these amounts (whether as dividends and/or interest on equity) will be determined by December 10, 2026 and will be timely communicated to the market.

ADR holders: For holders of ADRs traded on the New York Stock Exchange (NYSE), the record date will be December 23, 2026, and the payments of the first and second installments will be made, respectively, as of March 1 and March 29, 2027.

The Shareholder Remuneration Policy is available on the IR company's website. (http://www.petrobras.com.br/ri).

www.petrobras.com.br/ri

Para mais informações:

PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Relações com Investidores

E-mail: petroinvest@petrobras.com.br/acionistas@petrobras.com.br

Av. Henrique Valadares 28 – 9º andar – 20031-030 – Rio de Janeiro, RJ

Tel.: 55 (21) 3224-1510/9947

Este documento pode conter previsões segundo o significado da Seção 27A da Lei de Valores Mobiliários de 1933, conforme alterada (Lei de Valores Mobiliários) e Seção 21E da lei de Negociação de Valores Mobiliários de 1934 conforme alterada (Lei de Negociação) que refletem apenas expectativas dos administradores da Companhia. Os termos: “antecipa”, “acredita”, “espera”, “prevê”, “pretende”, “planeja”, “projeta”, “objetiva”, “deverá”, bem como outros termos similares, visam a identificar tais previsões, as quais, evidentemente, envolvem riscos ou incertezas, previstos ou não, pela Companhia. Portanto, os resultados futuros das operações da Companhia podem diferir das atuais expectativas, e, o leitor não deve se basear exclusivamente nas informações aqui contidas.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 10, 2026

PETRÓLEO BRASILEIRO S.A–PETROBRAS

By: /s/ Fernando Sabbi Melgarejo

______________________________

Fernando Sabbi Melgarejo

Chief Financial Officer and Investor Relations Officer