PETROBRAS - PETROLEO BRASILEIRO SA

Petrobras announced the schedule for its second-quarter 2026 financial disclosures. The company will release its 2Q26 Production and Sales Report on July 28, 2026, followed by its 2Q26 Financial Results on August 06, 2026, both after market close. A webcast to discuss these results is scheduled for August 07, 2026, and will include simultaneous translation into English.

Petrobras announced it has received two additional installments totaling R$ 2.7 billion under the Diesel Economic Subvention Program. These payments cover the periods from April 20 to April 30, 2026 (R$ 1.2 billion) and May 1 to May 15, 2026 (R$ 1.5 billion). The company has now received approximately R$ 4.7 billion in total from this program.

Petrobras's subsidiary, PGF, is redeeming notes totaling US$680,754,037.51. The redemption price includes a make-whole premium of US$10,745,037.51, in addition to US$21,824,147.32 in accrued and unpaid interest. Upon redemption, the notes and related guaranty will be cancelled, and PGF plans to fund the amounts using available cash on hand.

Petrobras announced it has signed a Memorandum of Understanding (MoU) with Petróleos Mexicanos (PEMEX) to establish strategic and technical cooperation. The agreement focuses on assessing, developing, and jointly executing projects in the hydrocarbons industry, covering both Exploration and Production (E&P) and Industrial Processes. The MoU is valid for two years and, importantly, does not constitute a binding investment commitment or create a partnership, consortium, or joint venture between the parties.

Petrobras released its 2025 Sustainability Report, highlighting significant progress in environmental performance, including a 36% reduction in absolute operational CO₂ emissions compared to 2015 and a 65% reduction in direct methane emission intensity. The company also reported substantial economic contributions, allocating over BRL 195 billion to its supply chain and paying BRL 277.6 billion in taxes and government participations. While spill volume decreased significantly, the Total Recordable Injury Rate (TRIR) saw a 6% increase from 2024, with two fatalities recorded.

Petrobras announced it has received the first installment of the economic subvention program for diesel oil commercialization. The payment totaled R$ 752 million and corresponds to the period from March 12 to March 31, 2026. This action is consistent with a prior release from March 12, 2026, and relates to Provisional Measure No. 1,340.

Petrobras announced the monetary adjustment and payment schedule for the second installment of remuneration to shareholders related to the fourth quarter of 2025. The payment, in the form of interest on capital, will be made on June 22, 2026, to shareholders on record as of April 22, 2026. The gross value per share will be adjusted by the Selic rate, and income tax will be applied to both the interest and the monetary adjustment.

Petrobras announced the acquisition of a 50% stake in the BM-C-33 concession from Equinor. This strategic move aims to maximize synergies in the Campos Basin, where Petrobras already operates neighboring assets in partnership with Equinor. The transaction has complied with internal governance procedures and is aligned with the company's Business Plan 2026-2030, though it remains subject to governmental and regulatory approvals from CADE and ANP.

Petrobras' Board of Directors approved the company's adherence to a new economic subvention for road-use diesel oil in Brazil, amounting to R$ 1.12 per liter. This measure, established by Provisional Measure 1,363, aims to stabilize fuel prices and supply amidst the Middle East conflict. The company views this optional program as compatible with its interests, preserving its commercial strategy and flexibility. Adherence to MP 1,363 discontinues previous subventions under MPs 1,340 and 1,349, but does not affect already owed amounts, and is complementary to MP 1,358.

Petrobras announced the signing of contracts with SBM Offshore for the construction of two FPSO-type oil and gas production units for the Sergipe Deepwater (SEAP) project. Under a Build, Operate and Transfer (BOT) model, Petrobras will own the units while SBM Offshore handles design, construction, assembly, and initial operation/maintenance. With investments exceeding R$ 60 billion, the projects are expected to produce over 1 billion barrels of oil equivalent, significantly boosting national oil and gas production.