PETROBRAS - PETROLEO BRASILEIRO SA filed a Form 3 for Chief Sustainability Officer Laureano Angelica Garcia Cobas, detailing initial indirect share holdings. The filing reports indirect ownership of 2,010 PETR3 shares and 2,685 PETR4 shares held by an immediate family member, with no explicit buy or sell transactions disclosed.
Petrobras reports that in 2025 it paid R$277.6 billion in taxes and Government Take in Brazil, a 3% increase from the prior year, and US$448.65 million in taxes abroad. Over the past five years, the company has contributed more than R$1.3 trillion to Brazilian public finances.
Brazilian payments included R$68.6 billion in Government Take such as royalties and special participation, R$93.3 billion in federal taxes and R$113.8 billion in state ICMS, plus R$1.9 billion to municipalities. Petrobras also distributed R$45.2 billion in dividends and interest on equity in 2025 and reports an effective tax rate above 25%. The filing details use of R$8.9 billion in federal tax incentives, the impact of Brazil’s new Dual VAT tax reform, and the heavy tax load embedded in gasoline, diesel and LPG prices paid by consumers.
PETROBRAS - PETROLEO BRASILEIRO SA director files initial ownership report
Renato Campos Galuppo, identified as a director of PETROBRAS - PETROLEO BRASILEIRO SA, submitted a Form 3 as an initial statement of beneficial ownership. The filing does not report any insider trades, with no purchases, sales, exercises, gifts, or other transactions listed.
Petróleo Brasileiro S.A. – Petrobras reported that its controlling shareholder and multiple minority shareholder groups have nominated candidates for the Board of Directors and Fiscal Council ahead of the 2026 Shareholders’ General Meeting. The controlling shareholder proposed a slate of board members largely consisting of reappointments, plus new candidates, and named representatives for the Fiscal Council, including National Treasury nominees.
Minority shareholders submitted alternative candidates for cumulative voting, and for separate elections by common and preferred shareholders for both the Board of Directors and Fiscal Council. Petrobras also noted that Rosangela Buzanelli Torres was elected as the employees’ representative on the Board for the 2026–2028 term. All nominations will be reviewed under Petrobras’ internal governance and nomination policy, including legal, management, and integrity checks by the Eligibility Committee and the Board, with related minutes to be made available on the Investor Relations website and at the Brazilian securities regulator.
Petróleo Brasileiro S.A. – Petrobras reported strong 2025 results, with consolidated net income rising to R$110.6 billion from R$37.0 billion. Sales revenues were broadly stable at R$497.5 billion, while cost of sales and operating expenses kept margins solid.
Net finance result swung to a gain of R$5.0 billion from a large loss in 2024, mainly due to exchange rate effects. Operating cash flow remained robust at R$200.3 billion, funding R$108.7 billion of capital expenditures and R$45.4 billion in dividends. Gross debt in reais increased modestly, and shareholders’ equity rose to R$417.6 billion.
Petróleo Brasileiro S.A. (Petrobras) reported solid 2025 IFRS results on its Form 6-K. Sales revenues were 89,195 million U.S. dollars, slightly below 2024’s 91,416 million, but net income jumped to 19,720 million from 7,605 million, helped by a swing in net finance income and foreign exchange gains. Basic and diluted earnings per share rose to 1.52 from 0.58. Operating cash flow remained strong at 36,047 million, funding 19,521 million of PP&E and intangible additions and 8,114 million of dividends. Total assets increased to 222,337 million, with equity attributable to shareholders rising to 75,565 million. The filing also details extensive climate-risk assumptions, impairment sensitivities to Brent and carbon pricing, growing decommissioning provisions, and rising decarbonization investments embedded in new FPSOs and low-carbon projects.
Petróleo Brasileiro S.A. – Petrobras delivered solid 2025 performance despite a sharp drop in Brent prices. Adjusted EBITDA excluding one-off events reached US$ 43.8 billion, while net income on the same basis was US$ 18.1 billion, slightly below 2024 as lower oil prices offset higher production.
Operating cash flow was US$ 36.0 billion and free cash flow US$ 16.5 billion, supporting investments, debt service and shareholder returns. Capex rose to US$ 20.3 billion, up 22.2%, driven mainly by pre-salt development and new FPSOs such as P-78 and Almirante Tamandaré. Gross debt increased to US$ 69.8 billion and net debt to US$ 60.6 billion, with net debt/last‑twelve‑month adjusted EBITDA at 1.42x, indicating moderate leverage as the company funds growth and large offshore projects.
Petróleo Brasileiro S.A. – Petrobras reported strong 2025 operating and financial performance despite a 14% drop in Brent prices to US$ 69.1/bbl. Net income rose sharply from US$ 7.5 billion in 2024 to US$ 19.4 billion, a 161% increase, while operational cash flow was slightly lower at US$ 36.0 billion.
Commercial oil and gas production in Brazil grew 11% to 2,990 Mboed, driven by new FPSOs and efficiency gains. CAPEX reached US$ 20.3 billion, with 84% directed to Exploration & Production. The company achieved its highest proven reserves level in a decade, with a fully organic reserve replacement ratio of 175%. Petrobras distributed R$ 45.2 billion in dividends in 2025 and paid R$ 277.6 billion in taxes, while also recording export and downstream utilization records and advancing low‑carbon products, natural gas monetization, and corporate governance initiatives.
Petrobras plans to distribute shareholder remuneration related to the fourth quarter of 2025 totaling R$ 8.1 billion, subject to approval at the Annual General Meeting on April 16, 2026. If approved, shareholder remuneration for the 2025 fiscal year will reach R$ 41.2 billion, after deducting R$ 0.6 billion of Selic-rate adjustments on early dividends and interest on equity.
The proposal follows the company’s policy to distribute 45% of free cash flow when gross debt is at or below the strategic-plan ceiling. Holders of shares on B3 as of April 22, 2026 will be entitled to receive R$ 0.62622908 per share, paid in two installments in May and June 2026, with amounts updated by the Selic rate. ADR holders will have an April 24, 2026 record date, with payments on May 28 and June 29, 2026.
PETROBRAS - PETROLEO BRASILEIRO SA executive Renata Faria Rodrigues Baruzzi Lopes, the Chief Engineering Officer, filed an initial ownership report showing 1,687.05 phantom shares. These phantom shares are tied to the PETR3 common share price, vest in four equal annual installments, are settled in cash, and receive additional credits when dividends or interest on equity are paid.