Petrobras approves PDV targeting ~1,100 employees; exits in 2026

Rhea-AI Filing Summary

Petrobras (PBR) announced that its Board approved a new Voluntary Severance Program (PDV) for eligible employees of the parent company who are currently active and retired under Brazil’s Social Security System (INSS) prior to Constitutional Amendment No. 103/2019.

The program targets approximately 1,100 employees, with terminations expected to occur throughout 2026. Petrobras describes the PDV as a personnel management tool to support career transition and gradual workforce renewal, using knowledge management to preserve operational continuity and safety. The company states the initiative follows internal governance and is aligned with its Business Plan. The financial impact will be recognized in the financial statements as participation is confirmed.

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, 2025

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 announces Voluntary Severance Program

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Rio de Janeiro, November 3, 2025 – Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors has approved a new Voluntary Severance Program (PDV). Eligible employees are those of the parent company, Petrobras, who are currently active and have retired under the Brazilian Social Security System (INSS) prior to the enactment of Constitutional Amendment No. 103/2019.

The PDV is a personnel management tool that provides retirees with an opportunity for career transition, while contributing to the ongoing and gradual renewal of the company’s workforce. It adopts knowledge management practices to ensure operational continuity, operational safety, and the handover of knowledge critical to the company.

The potential target group for this PDV is approximately 1,100 employees, and terminations are expected to occur throughout 2026.

The program's approval followed the company's internal governance process and is aligned with its Business Plan. The financial impact will be recognized in the company’s financial statements as participation is confirmed.

www.petrobras.com.br/ri

For more information:

PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations

Email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br

Av. Henrique Valadares, 28 – 9th floor – 20231-030 – Rio de Janeiro, RJ.

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

This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.

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 3, 2025

PETRÓLEO BRASILEIRO S.A–PETROBRAS

By: /s/ Fernando Sabbi Melgarejo

______________________________

Fernando Sabbi Melgarejo

Chief Financial Officer and Investor Relations Officer

FAQ

What did Petrobras (PBR) announce in this 6-K?

The Board approved a new Voluntary Severance Program (PDV) for eligible employees of the parent company.

Who is eligible for Petrobras (PBR)'s PDV?

Active parent-company employees who retired under the INSS before Constitutional Amendment No. 103/2019.

How many employees could the Petrobras (PBR) PDV affect?

The potential target group is approximately 1,100 employees.

When are PDV terminations expected for Petrobras (PBR)?

Terminations are expected to occur throughout 2026.

How will the PDV affect Petrobras (PBR) financials?

The financial impact will be recognized as participation is confirmed.

What operational measures accompany Petrobras (PBR) PDV?

The program includes knowledge management to ensure operational continuity and safety.

Is the Petrobras (PBR) PDV aligned with corporate plans?

Yes. Petrobras states it is aligned with its Business Plan and followed internal governance.