Petrobras signs 2-year cooperation MoU with Pemex

Petrobras has signed a non-binding Memorandum of Understanding with Pemex to explore strategic and technical cooperation across the hydrocarbons industry.

Accepted by SEC EDGAR 06/23/2026 - 12:57 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Petrobras has signed a non-binding Memorandum of Understanding with Pemex to explore strategic and technical cooperation across the hydrocarbons industry. The two-year MoU covers potential projects in exploration and production, including revitalizing mature fields and evaluating deepwater and ultra deepwater opportunities in the Gulf of Mexico.

The agreement also contemplates collaboration in refining, petrochemicals, fertilizers, gas processing, energy efficiency, emissions reduction, carbon capture and lower-carbon-intensity fuels, alongside safety and environmental best practices. Any specific projects will require separate agreements, feasibility analyses and approvals under each company’s governance rules.

Key Figures

MoU signing date: June 23, 2026 MoU term: 2 years Form 6-K period: June 2026

3 metrics

MoU signing date June 23, 2026 Date Petrobras reported signing the MoU with Pemex

MoU term 2 years Initial validity period of Petrobras–Pemex cooperation agreement

Form 6-K period June 2026 Month covered by this foreign private issuer report

Key Terms

Memorandum of Understanding, Exploration and Production (E&P), deepwater and ultra deepwater, carbon capture, +1 more

5 terms

Memorandum of Understanding regulatory

"Petrobras informs that it has signed a Memorandum of Understanding (MoU) with Petróleos Mexicanos"

A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.

Exploration and Production (E&P) financial

"including the development of opportunities in the Exploration and Production (E&P) and Industrial Processes areas"

deepwater and ultra deepwater technical

"exploratory and development opportunities in deepwater and ultra deepwater areas, including assets located in the Gulf of Mexico"

carbon capture technical

"energy efficiency, emissions reduction, carbon capture and the production of lower-carbon-intensity fuels"

Carbon capture is the process of removing carbon dioxide (CO2) from industrial emissions or the air and then storing it safely underground or turning it into useful products, like locking smoke from a factory into a sealed container or recycling it into new material. Investors care because the technology can cut a company’s reported emissions, create new revenue streams or credits, and reduce regulatory or climate-related risk, all of which affect future costs and valuations.

lower-carbon-intensity fuels technical

"carbon capture and the production of lower-carbon-intensity fuels, in addition to the sharing of best practices"

FAQ

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

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

Petrobras announced it signed a non-binding Memorandum of Understanding with Pemex to explore cooperation on hydrocarbons projects. The deal targets joint assessment and potential execution of initiatives in exploration, production and industrial processes, including refining, petrochemicals and lower-carbon-intensity fuels.

What areas will Petrobras and Pemex focus on under the MoU?

The MoU covers exploration and production, industrial processes and regulatory exchange. Focus areas include revitalizing mature fields, deepwater and ultra deepwater opportunities, refining, petrochemicals, fertilizers, gas processing, energy efficiency, emissions reduction and carbon capture, plus sharing safety and environmental best practices.

Is the Petrobras–Pemex Memorandum of Understanding legally binding?

The Petrobras–Pemex Memorandum of Understanding is expressly non-binding and does not create a partnership or joint venture. Any specific opportunity will require separate instruments, feasibility analyses, corporate approvals and adherence to each party’s governance rules before any investment commitments are made.

How long is the Petrobras and Pemex MoU in effect?

The MoU between Petrobras and Pemex is valid for two years and may be renewed. During this period, the companies intend to assess, develop and possibly execute joint projects, subject to additional agreements and approvals under their respective corporate governance structures.

Does the Petrobras–Pemex MoU include projects in the Gulf of Mexico?

Yes. In exploration and production, the companies will evaluate opportunities in deepwater and ultra deepwater areas, including assets in the Gulf of Mexico. This assessment may cover seismic reprocessing, revitalization of mature fields and potential exploratory and development initiatives together.

How does the MoU address lower-carbon and environmental initiatives for Petrobras?

The MoU includes cooperation on energy efficiency, emissions reduction, carbon capture and lower-carbon-intensity fuels. It also emphasizes sharing best practices in safety, operational reliability and environmental protection, aligning technical collaboration with improved environmental performance across industrial and refining activities.

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

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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 June, 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____

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. PÚBLICA Petrobras signs Memorandum of Understanding with PEMEX — Rio de Janeiro, June 23, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding (MoU) with Petróleos Mexicanos (PEMEX), with the purpose of establishing strategic and technical cooperation for the assessment, development and joint execution of projects in the hydrocarbons industry, including the development of opportunities in the Exploration and Production (E&P) and Industrial Processes areas, as well as the exchange of experiences on regulatory and institutional aspects of the sector. In the E&P segment, the companies will evaluate initiatives aimed at the revitalization of mature fields, seismic reprocessing and exploratory and development opportunities in deepwater and ultra deepwater areas, including assets located in the Gulf of Mexico. The partnership also includes the exchange of technical knowledge, technologies and best practices, leveraging Petrobras’ recognized expertise in highly complex offshore operations. In the industrial area, the MoU covers cooperation opportunities in refining, petrochemicals, fertilizers, gas processing and liquids recovery, energy efficiency, emissions reduction, carbon capture and the production of lower-carbon-intensity fuels, in addition to the sharing of best practices related to safety, operational reliability and environmental protection. The MoU is valid for two years and may be renewed. The agreement does not constitute a binding investment commitment, nor does it create a partnership, consortium or joint venture between the parties. Any opportunities identified may be subject to future negotiations and will depend on the execution of specific instruments, subject to feasibility analyses, approvals by the competent bodies and the governance rules applicable to each party. Any facts deemed relevant will be promptly disclosed to the market.

 

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: June 23, 2026

PETRÓLEO BRASILEIRO S.A–PETROBRAS

By: /s/ Fernando Sabbi Melgarejo

______________________________

Fernando Sabbi Melgarejo

Chief Financial Officer and Investor Relations Officer