Petrobras (NYSE: PBR) approves R$9.03B advance 2026 shareholder remuneration

Rhea-AI Filing Summary

Petróleo Brasileiro S.A. – Petrobras will pay shareholder remuneration totaling R$ 9.03 billion, equal to R$ 0.70097272 per outstanding common and preferred share, as an advance on 2026 fiscal year remuneration based on the March 31, 2026 balance sheet.

The amount will be paid in two equal installments of R$ 0.35048636 per share as interest on equity on August 20, 2026 and September 21, 2026. The distribution follows Petrobras’ Shareholder Remuneration Policy, which targets distributing 45% of free cash flow when gross debt is at or below the maximum level in the strategic plan.

For shares on B3, the record date is June 1, 2026, with ex-rights trading from June 2. For ADRs on the NYSE, the record date is June 3, 2026, with payments starting August 27 and September 28, 2026. These advance payments will be deducted from the final 2026 remuneration, adjusted by the Selic rate.

Insights

Equity income and dividend policy analyst

Petrobras announces a large 2026 advance distribution aligned with its cash flow policy.

Petrobras approved shareholder remuneration of R$ 9.03 billion, or R$ 0.70097272 per share, as an advance related to the 2026 fiscal year. The payment is fully structured as interest on equity, a Brazilian mechanism with specific tax treatment.

The company links this distribution to its Shareholder Remuneration Policy, which calls for paying 45% of free cash flow when gross debt is at or below the maximum level in its strategic plan. The text characterizes the distribution as consistent with financial sustainability, suggesting it fits within existing leverage and cash generation parameters.

The cash will be split into two equal installments on August 20, 2026 and September 21, 2026, with separate record dates for B3 and NYSE ADR investors. These amounts will later be offset against the final 2026 remuneration approved at the 2027 Annual General Meeting, with each installment adjusted by the Selic rate.

Key Figures

Total shareholder remuneration: R$ 9.03 billion Per-share remuneration: R$ 0.70097272 per share First installment per share: R$ 0.35048636 per share +4 more

7 metrics

Total shareholder remuneration R$ 9.03 billion Advance distribution related to 2026 fiscal year

Per-share remuneration R$ 0.70097272 per share Per outstanding common and preferred share

First installment per share R$ 0.35048636 per share Paid August 20, 2026 as interest on equity

Second installment per share R$ 0.35048636 per share Paid September 21, 2026 as interest on equity

Policy payout ratio 45% of free cash flow When gross debt at or below maximum plan level

B3 record date June 1, 2026 Shares on B3 eligible for remuneration

ADR record date June 3, 2026 ADRs on NYSE eligible for remuneration

Key Terms

CVM Resolution No. 44/21, Shareholder Remuneration Policy, free cash flow, interest on equity, +1 more

5 terms

CVM Resolution No. 44/21 regulatory

"Petrobras, pursuant to CVM Resolution No. 44/21, informs that its Board of Directors..."

Shareholder Remuneration Policy financial

"The proposed distribution is aligned with the company’s Shareholder Remuneration Policy (Policy)..."

free cash flow financial

"Petrobras shall distribute to its shareholders 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.

interest on equity financial

"will be paid on August 20, 2026, entirely in the form of 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.

Selic rate financial

"the amount of each installment will be adjusted by the Selic rate from each payment date..."

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FAQ

What shareholder remuneration did Petrobras (PBR) approve for 2026?

Petrobras approved shareholder remuneration of R$ 9.03 billion, equal to R$ 0.70097272 per outstanding common and preferred share. This payment is an advance related to the 2026 fiscal year, based on the balance sheet dated March 31, 2026, and follows its remuneration policy.

How and when will Petrobras (PBR) pay the approved remuneration?

Petrobras will pay in two equal installments of R$ 0.35048636 per share on August 20, 2026 and September 21, 2026. Both installments will be paid entirely as interest on equity, a common Brazilian form of shareholder payment with distinct tax characteristics versus traditional dividends.

What are the record and ex-rights dates for Petrobras (PBR) shares on B3?

For Petrobras shares traded on B3, the record date is June 1, 2026. Shares will trade ex-rights from June 2, 2026, meaning investors purchasing after that date will not be entitled to this specific shareholder remuneration, only holders on the record date qualify.

What are the key dates for Petrobras (PBR) ADR holders on the NYSE?

For Petrobras ADRs on the NYSE, the record date is June 3, 2026. The first and second installments are scheduled to be paid starting August 27 and September 28, 2026, respectively, mirroring the Brazilian payments but adjusted to the ADR timetable.

How does Petrobras’ shareholder remuneration align with its policy?

The company states the distribution is aligned with its Shareholder Remuneration Policy, which provides for paying 45% of free cash flow when gross debt is at or below a maximum level. Petrobras also notes this advance distribution is consistent with its financial sustainability framework and leverage targets.

Will this Petrobras (PBR) payment affect the final 2026 remuneration?

Yes. The company explains that the amounts paid now will be deducted from the shareholder remuneration to be approved at the 2027 Annual General Meeting for 2026. Each installment will be updated by the Selic interest rate from its payment date until the end of the fiscal year.

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____

Petrobras informs about shareholder remuneration — Rio de Janeiro, May 11, 2026 – Petróleo Brasileiro S.A. – Petrobras, pursuant to CVM Resolution No. 44/21, informs that its Board of Directors, in a meeting held today, approved the payment of shareholder remuneration in the amount of R$ 9.03 billion, equivalent to R$ 0.70097272 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 March 31, 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 June 1, 2026. Petrobras shares will be traded ex-rights as of June 2, 2026. Form of Payment: The remuneration will be paid in two installments in August and September 2026, as follows: Amount to be Paid: R$ 0.70097272 per outstanding common and preferred share, whereas: i) the first installment, amounting to R$ 0.35048636 per outstanding common and preferred share, will be paid on August 20, 2026, entirely in the form of interest on equity. ii) the second installment, amounting to R$ 0.35048636 per outstanding common and preferred share, will be paid on September 21, 2026, entirely in the form of interest on equity. It is important to note that this amount will be deducted from the shareholder remuneration to be approved at the 2027 Annual General Meeting regarding the 2026 fiscal year. For the calculation of the deduction, the amount of each installment will be adjusted by the Selic rate from each payment date until the end of the current fiscal year. ADR holders: For holders of ADRs traded on the New York Stock Exchange (NYSE), the record date will be June 3, 2026 and the payments of the first and second installments will be made, respectively, as of August 27 and September 28, 2026. The Shareholder Remuneration Policy is available on the 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: May 11, 2026

PETRÓLEO BRASILEIRO S.A–PETROBRAS

By: /s/ Fernando Sabbi Melgarejo

______________________________

Fernando Sabbi Melgarejo

Chief Financial Officer and Investor Relations Officer