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Petrobras (NYSE: PBR) pays R$72.4B in Brazilian taxes and Government Take

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Rhea-AI Filing Summary

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.

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Total taxes and Government Take 1Q26 R$72.4 billion Cash-basis payments in the first quarter of 2026
Company taxes 1Q26 R$49.4 billion Taxes due to Petrobras’ own operations in 1Q 2026
Government Take 1Q26 R$14.8 billion Royalties, Special Participation, bonuses and area fees in 1Q 2026
Federal taxes 1Q26 R$27.3 billion Federal tax payments on a cash basis, 1Q 2026
State taxes 1Q26 R$29.6 billion State-level taxes, about 12.3% of states’ total collections
Municipal taxes 1Q26 R$0.7 billion Municipal tax payments, up 18.3% year over year
Last 4 quarters taxes and Government Take R$284.3 billion Total contributions over the most recent four quarters
Export tax March 2026 R$5.5 million Export Tax (IE) on crude oil and diesel in March 2026
Government Take financial
"Petrobras reported a R$72.4 billion contribution for the government in the first quarter of 2026. This amount includes R$49.4 billion in taxes due to its own operations, R$14.8 billion in Government Take (Gov. Take)"
ICMS financial
"This corresponds to a 13.4% increase compared to the first quarter of 2025, driven by higher ad rem ICMS rates on fuels (gasoline, diesel and LPG)"
Special Participation financial
"Petrobras paid R$14.8 billion as Government Take, consisting of R$9.7 billion in royalties, R$4.2 billion in Special Participation, R$0.7 billion in signature bonuses"
ISS-ST financial
"This increase reflects service contracting activities in the oil and natural gas exploration and production segment, which are subject to ISS-ST incidence and withholding."
Export Tax (IE) financial
"Provisional Measure No. 1,340 was enacted, establishing the incidence of the Export Tax (IE), effective as of March 12, 2026, on exports of crude petroleum oil or oil from bituminous minerals"
royalties financial
"In the first quarter of 2026, Petrobras paid R$14.8 billion as Government Take, consisting of R$9.7 billion in royalties, R$4.2 billion in Special Participation"
Payments made to the owner of an asset or intellectual property each time that asset is used or a product is sold, often calculated as a percentage of sales or a set amount per unit. Royalties matter to investors because they create predictable, ongoing income streams and affect a company’s cash flow and valuation—like a landlord collecting rent or an author getting a steady cut whenever a book is sold.

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FAQ

How much did Petrobras (PBR) pay in taxes and Government Take in 1Q 2026?
Petrobras paid a total of R$72.4 billion in taxes and Government Take in the first quarter of 2026. This combines taxes on its own operations, Government Take, and taxes withheld from third parties, reported on a cash basis.

What portion of Petrobras’ 1Q 2026 payments went to Brazil’s federal government?
The federal government received R$42.1 billion from Petrobras in 1Q 2026, combining R$27.3 billion in federal taxes and R$14.8 billion in Government Take. This represented about 5.4% of total federal tax revenues and was 8% higher than a year earlier.

How significant were Petrobras’ state tax payments in 1Q 2026?
Petrobras paid R$29.6 billion in state taxes in the first quarter of 2026. This accounted for roughly 12.3% of total state tax collections and reflected a 13.4% increase versus 1Q 2025, influenced by higher ICMS rates on fuels and a higher ethanol blend in gasoline.

What drove the increase in Petrobras’ municipal tax payments in 1Q 2026?
Municipal taxes reached about R$0.7 billion, an 18.3% rise compared with the same period of the previous year. Petrobras links this increase to service contracting in oil and natural gas exploration and production, which is subject to ISS-ST and related municipal tax withholdings.

How is Petrobras’ Government Take composed for 1Q 2026?
Government Take totaled R$14.8 billion in 1Q 2026, consisting of R$9.7 billion in royalties, R$4.2 billion in Special Participation, R$0.7 billion in signature bonuses and about R$0.2 billion in area occupation or retention fees. This was 9% lower than in 1Q 2025.

What were Petrobras’ total tax and Government Take contributions over the last four quarters?
Over the last four quarters, Petrobras contributed R$284.3 billion to the public treasury in taxes and Government Take. This figure aggregates federal, state, municipal taxes and Government Take on a cash basis across the four-quarter period.

Did Petrobras pay Brazil’s new export tax in 1Q 2026?
Yes. After Provisional Measure No. 1,340 introduced the Export Tax on crude oil and diesel from March 12, 2026, Petrobras paid R$5.5 million in export tax during March 2026, as part of its overall tax contributions.

 

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 May, 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____

 

 

 
 

1st Quarter 2026 Cash Basis ― TAXREPORT

 
 

INTERNA \ Força de Trabalho Gov. Take Municipalities States Federal RELATÓRIO FISCAL – 1° Trimestre de 2025 FEDERAL + GOV TAKE R$ 42.1 billion STATES R$ 29.6 billion MUNICIPALITIES R$ 0.7 billion R$ 72.4 billionPAID IN THE 1st QUARTER OF 2026 PetrobrasreportedaR$72.4billioncontributionforthegovernmentinthefirstquarterof2026.ThisamountincludesR$49.4billionintaxesduetoitsownoperations,R$14.8billioninGovernmentTake(Gov.Take),andR$8.2billionintaxeswithheldfromthirdparties. Inthefirstquarter,PetrobraspaidR$27.3billioninfederaltaxes,which,whencombinedwiththeR$14.8billioninGovernmentTake,totaledR$42.1billionallocatedtothefederalgovernment.Partofthisisdistributedtostatesandmunicipalitiesinaccordancewithcurrentlegislation.Thisfigurerepresentsapproximately5.4%oftotalfederaltaxrevenues.Comparedtothesameperiodofthepreviousyear,federalcontributionsincreasedby8%. Intermsofstatetaxpayments,PetrobrasdisbursedR$29.6billioninthefirstquarterof2026,representingapproximately12.3%ofthetotalcollectedbystates.Thiscorrespondstoa13.4%increasecomparedtothefirstquarterof2025,drivenbyhigheradremICMSratesonfuels(gasoline,dieselandLPG),effectiveasofJanuary1,2026,aswellasbytheincreaseintheethanolblendingasolinefrom27%to30%. MunicipaltaxesamountedtoapproximatelyR$0.7billionintheperiod,representingan18.3%increasecomparedtothesameperiodofthepreviousyear.Thisincreasereflectsservicecontractingactivitiesintheoilandnaturalgasexplorationandproductionsegment,whicharesubjecttoISS-STincidenceandwithholding.TheamountpaidtomunicipalitiesisprimarilydistributedamongISS-ST(taxeswithheldfromthirdparties),Petrobras’ownISS,andIPTU(UrbanPropertyTax). ThisTaxReportdetailsthecashoutflowsmadebyPetrobraswiththepaymentoftaxesandgovernmenttakeinthefirstquarterof2026.TheinformationfollowsthecashbasismethodandshouldbereadalongwiththeTaxReportforthefourthquarterof2025,onwhichthecomplianceaspectsandtaxriskmanagementoftheCompanyarepresented,aswellasthetaxpolicy,withitsprinciplesandguidelines,amongotherinformationaboutourroleasoneofthelargesttaxpayersintheBrazilianeconomy. TAX REPORT – 1st Quarter 2026 Cash Basis 1Q26 R$ 72.4, R$ 29.6 InMarch2026,ProvisionalMeasureNo.1,340wasenacted,establishingtheincidenceoftheExportTax(IE),effectiveasofMarch12,2026,onexportsofcrudepetroleumoiloroilfrombituminousminerals,aswellasdieselfuel.InMarch2026,anamountofR$5.5millionwascollectedasexporttax. Note:TaxpaymentsandGovernmentTakedatapresentedinthisreportiscalculatedonacashbasis,whichdiffersfromthefiguresdisclosedintheStatementofValueAdded(DVA),includedintheCompany’sFinancialStatementsandpreparedonanaccrualbasis. Comparison of Payment of the 1st Quarter(R$ Billion) 1Q25 1Q24 1Q23 1Q22 R$ 26.1 R$ 24.6 R$ 18.8 R$ 25.3 R$ 27.3 R$ 0.7 R$ 14.8 R$ 22.6 R$ 0.6 R$ 16.3 R$ 65.7, R$ 27.0 R$ 0.5 R$ 16.1 R$ 68.2, R$ 27.1 R$ .,4 R$ 16.3 R$ 62.6, R$ 21.3 R$ 0.4 R$ 22.9 R$ 69.9, TOTAL

 
 

INTERNA \ Força de Trabalho Collection History for the 1st Quarter(R$ Billion) Collection History of the Last 4 Quarters (R$ Billion) The charts below present the distribution of taxes paid by Petrobras, segmented by each tax nature. TAX REPORT – 1st Quarter 2026 Cash Basis Inthefirstquarterof2026,PetrobraspaidR$14.8billionasGovernmentTake,consistingofR$9.7billioninroyalties,R$4.2billioninSpecialParticipation,R$0.7billioninsignaturebonuses,andapproximatelyR$0.2billioninareaoccupationorretentionfees.Whencomparedtothesameperiodof2025,a9%decreaseisobserved,reflectinglowerpaymentsofSpecialParticipation. Inthelastfourquarters,PetrobrascontributedR$284.3billiontopublictreasuryastaxesandGovernmentTake. GOVERNMENT TAKE TAXES WITHHELD FROM THIRD PARTIES Royalties, special participation, signature bonuses, and payment for the occupation or retention of the área. Tax Responsible Taxes from our own operations COMPANY’S TAXES 2Q25 3Q25 4Q25 1Q26 27.5 22.9 29.7 29.6 30.5 66.2 68.0 77.7 72.4 25.2 22.6 0.4 0,5 0.7 15.4 15.1 21.7 Municipalities Federal States Total Gov. Take LEGENDA 0.4 27.3 14.8 1Q22 1Q25 25.3 27.0 18.8 21.3 62.6 0,5 69.9 16.3 22.9 29.6 68.2 65.7 72.4 1Q23 1Q24 1Q26 27.1 24.6 16.1 26.1 22.6 16.3 27.3 14.8 0.4 0.4 0.5 0.6 0.7

 
 

INTERNA \ Força de Trabalho Petrobras plays a relevant role in ICMS tax contribution, both as a taxpayer, due to its own operations, such as in the case of the monophase ICMS, and as a substitute taxpayer in transactions carried out by third parties. In 20 Brazilian states, Petrobras accounts for more than 10% of total ICMS payments, reinforcing the Company’simportance to the country. ThetablebelowhighlightsPetrobras’relevanceinthecontributionsoftaxesandGovernmentTakeallocatedtotheBrazilianstates.ThisanalysisisbasedoninformationdisclosedontheANPTransparencyPortal. TAX REPORT – 1st Quarter 2026 Cash Basis ICMS (R$ Million) GOVERNMENT TAKE(R$ Million) TOTAL (R$ Million) STATE Font: Portal of Transparency of each State TOTAL 29.6 4.2 33.8 3.6 0.1 - - - - - 0.02 0.4 - - - - - - - 0.1 - 0.0004 - - 0.02 - - - - - 7.3 6.1 3.8 2.0 1.9 1.9 1.8 1.7 1.3 1.2 0.8 0.6 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.1 0.1 0.1 0.1 0.03 Rio de Janeiro São Paulo Minas Gerais Mato Grosso Rio Grande do Sul Santa Catarina Goiás Paraná Espírito Santo Mato Grosso do Sul Pará Ceará Distrito Federal Paraíba Alagoas Tocantins Amazonas Piauí Rio Grande do Norte Rondônia Pernambuco Bahia Maranhão Sergipe Amapá Acre Roraima 3.7 6.0 3.8 2.0 1.9 1.9 1.8 1.7 1.0 1.2 0.8 0.6 0.4 0.4 0.3 0.3 0.2 0.3 0.3 0.3 0.2 0.1 0.1 0.1 0.1 0.1 0.03

 
 

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: May 18, 2026

 

PETRÓLEO BRASILEIRO S.A–PETROBRAS

By: /s/ Fernando Sabbi Melgarejo

______________________________

Fernando Sabbi Melgarejo

Chief Financial Officer and Investor Relations Officer

 

 

Source: View Original Filing on SEC EDGAR