<SEC-DOCUMENT>0001292814-23-000696.txt : 20230302
<SEC-HEADER>0001292814-23-000696.hdr.sgml : 20230302
<ACCEPTANCE-DATETIME>20230302123153
ACCESSION NUMBER:		0001292814-23-000696
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20221231
FILED AS OF DATE:		20230302
DATE AS OF CHANGE:		20230302

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PETROBRAS - PETROLEO BRASILEIRO SA
		CENTRAL INDEX KEY:			0001119639
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15106
		FILM NUMBER:		23697478

	BUSINESS ADDRESS:	
		STREET 1:		AVENIDA REPUBLICA DO CHILE 65
		CITY:			RIO DE JANERIO RJ BR
		STATE:			D5
		ZIP:			20035-900
		BUSINESS PHONE:		55-21-534-4477

	MAIL ADDRESS:	
		STREET 1:		AVENIDA REPUBLICA DO CHILE 65
		CITY:			RIO DE JANERIO RJ BR
		STATE:			D5
		ZIP:			20035-900

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRAZILIAN PETROLEUM CORP
		DATE OF NAME CHANGE:	20000717
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>pbrfs4q22usd_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-indent: 7.1pt">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>Washington, D.C.
20549</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>FORM 6-K</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">Report of Foreign Private
Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 of the</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">Securities Exchange
Act of 1934</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>For the month of
March, 2023</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>Commission File Number
1-15106</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>PETR&Oacute;LEO BRASILEIRO
S.A. &ndash; PETROBRAS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">(Exact name of registrant
as specified in its charter)</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 14pt">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>Brazilian Petroleum
Corporation &ndash; PETROBRAS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">(Translation of Registrant's
name into English)</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 14pt">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>Avenida Henrique Valadares, 28 &ndash; 19th floor&nbsp;<BR>
20231-030 &ndash; Rio de Janeiro, RJ<BR>
Federative Republic of Brazil</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">(Address of principal
executive office)</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">Indicate by check mark
whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">Form 20-F ___X___ Form
40-F _______</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">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.</P>

<P STYLE="font: 10pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Yes _______ No___X____</P>

<P STYLE="font: 11pt/11.75pt Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

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<P STYLE="text-align: center; font: 46pt/67.2pt Petrobras Sans,sans-serif; margin-top: 0; margin-bottom: 10pt; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I><IMG SRC="pbrfs4q22usd6k_001.jpg" ALT="">&nbsp;</I></FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="font: 9pt Petrobras Sans; text-align: left; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">INDEX</FONT></P><P STYLE="text-align: left; font: 9pt Petrobras Sans; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 11pt Calibri, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 90%"><A HREF="#a_001">Consolidated Statements of Financial Position</A></TD>
    <TD STYLE="text-align: right; width: 10%"><A HREF="#a_001">3</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><A HREF="#a_002">Consolidated Statements of Income</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_002">4</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><A HREF="#a_003">Consolidated Statements of Comprehensive Income</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_003">5</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><A HREF="#a_004">Consolidated Statements of Cash Flows</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_004">6</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><A HREF="#a_005">Consolidated Statements of Changes In Shareholders&rsquo; Equity</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_005">7</A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 11pt Calibri, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; width: 3%">1</TD>
    <TD STYLE="width: 87%"><A HREF="#a_006">The Company and its operations</A></TD>
    <TD STYLE="text-align: right; width: 10%"><A HREF="#a_006">8</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">2</TD>
    <TD><A HREF="#a_007">Basis of preparation</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_007">8</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">3</TD>
    <TD><A HREF="#a_008">Significant accounting policies</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_008">9</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">4</TD>
    <TD><A HREF="#a_009">Critical accounting policies: key estimates and judgments</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_009">9</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">5</TD>
    <TD><A HREF="#a_010">New standards and interpretations</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_010">15</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">6</TD>
    <TD><A HREF="#a_011">Capital Management</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_011">15</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">7</TD>
    <TD><A HREF="#a_012">Cash and cash equivalents and Marketable securities</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_012">16</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">8</TD>
    <TD><A HREF="#a_013">Sales revenues</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_013">17</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">9</TD>
    <TD><A HREF="#a_014">Costs and expenses by nature</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_014">19</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">10</TD>
    <TD><A HREF="#a_015">Other income and expenses</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_015">20</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">11</TD>
    <TD><A HREF="#a_016">Net finance income (expense)</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_016">20</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">12</TD>
    <TD><A HREF="#a_017">Information by operating segment</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_017">21</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">13</TD>
    <TD><A HREF="#a_018">Trade and other receivables</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_018">26</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">14</TD>
    <TD><A HREF="#a_019">Inventories</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_019">28</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">15</TD>
    <TD><A HREF="#a_020">Trade payables</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_020">29</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">16</TD>
    <TD><A HREF="#a_021">Taxes</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_021">29</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">17</TD>
    <TD><A HREF="#a_022">Employee benefits</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_022">33</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">18</TD>
    <TD><A HREF="#a_023">Provisions for legal proceedings, judicial deposits and contingent liabilities</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_023">46</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">19</TD>
    <TD><A HREF="#a_024">Provision for decommissioning costs</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_024">54</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">20</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_025">Other Assets and Liabilities</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_025">55</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">21</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_026">The &ldquo;Lava Jato (Car Wash) Operation&rdquo; and its effects on the Company</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_026">56</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">22</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_027">Commitment to purchase&nbsp;&nbsp;natural gas</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_027">56</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">23</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_028">Property, plant and equipment</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_028">57</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">24</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_029">Intangible assets</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_029">60</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">25</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_030">Impairment</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_030">62</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">26</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_031">Exploration and evaluation of oil and gas reserves</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_031">68</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">27</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_032">Collateral for crude oil exploration concession agreements</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_032">70</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">28</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_033">Partnerships in E&amp;P activities</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_033">70</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">29</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_034">Investments</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_034">73</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">30</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_035">Disposal of assets and other transactions</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_035">76</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">31</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_036">Finance debt</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_036">81</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">32</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_037">Lease liabilities</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_038">85</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">33</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_038">Equity</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_038">86</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">34</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_039">Risk management</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_039">91</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">35</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_040">Related-party transactions</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_040">98</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">36</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_041">Supplemental information on statement of cash flows</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_041">102</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">37</TD>
    <TD STYLE="padding-left: 20pt"><A HREF="#a_042">Subsequent events</A></TD>
    <TD STYLE="text-align: right"><A HREF="#a_042">102</A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 90%"><A HREF="#a_043">Supplementary information on Oil and Gas Exploration and Production (unaudited)</A></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right; width: 10%"><A HREF="#a_043">104</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif"><A HREF="#a_044">Climate change (unaudited)</A></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right"><A HREF="#a_044">116</A></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif"><A HREF="#a_045">Independent auditor's report on the consolidated financial statements</A></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right"><A HREF="#a_045">118</A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

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<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><A NAME="a_001"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Consolidated
Statements of Financial Position&#9;</B></FONT></P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">PETROBRAS</FONT></P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
of December 31, 2022 and December 31, 2021 (Expressed in millions of US Dollars, unless otherwise indicated)</FONT></P>

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<P STYLE="font: 6pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 59%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Assets</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Note</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cash
    and cash equivalents</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,996</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,467</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Marketable
    securities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7.2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,773</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">650</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Trade
    and other receivables</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,010</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,368</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Inventories</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,779</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,255</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Recoverable
    income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">165</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">163</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    recoverable taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16.2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,142</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,183</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,777</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,573</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">27,642</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">27,659</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assets
    classified as held for sale</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,608</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,490</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Current
    assets</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>31,250</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>30,149</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Trade
    and other receivables</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,440</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,900</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Marketable
    securities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7.2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,564</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">44</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Judicial
    deposits </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18.2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,053</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,038</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Deferred
    income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">832</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">604</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    recoverable taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16.2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,778</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,261</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,553</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">487</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Long-term
    receivables</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21,220</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,334</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Investments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,566</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,510</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Property,
    plant and equipment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">130,169</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">125,330</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Intangible
    assets</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,986</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,025</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Non-current
    assets</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>155,941</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>144,199</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F4F4F4">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    assets</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>187,191</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>174,348</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 5pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 59%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Liabilities</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Note</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Trade
    payables</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,464</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,483</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Finance
    debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,576</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,641</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Lease
    liability</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">32</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,557</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,432</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    taxes payable</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,883</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">733</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    taxes payable</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16.2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,048</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,001</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Dividends
    payable</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33.4</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,171</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Employee
    benefits</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,215</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,144</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,001</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,875</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29,915</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23,309</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Liabilities
    related to assets classified as held for sale</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,465</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">867</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Current
    liabilities</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>31,380</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>24,176</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Finance
    debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26,378</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">32,059</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Lease
    liability</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">32</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18,288</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17,611</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    taxes payable</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">302</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">300</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Deferred
    income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,750</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,229</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Employee
    benefits</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,675</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,374</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Provisions
    for legal proceedings</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,010</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,018</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Provision
    for decommissioning costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18,600</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15,619</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,972</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,150</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Non-current
    liabilities</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>85,975</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>80,360</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Current
    and non-current liabilities</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>117,355</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>104,536</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Share
    capital (net of share issuance costs)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">107,101</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">107,101</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Capital
    reserve and capital transactions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,144</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,143</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Profit
    reserves</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33.4</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">66,434</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">72,811</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accumulated
    other comprehensive (deficit)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(105,187)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(111,648)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Attributable
    to the shareholders of Petrobras</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">69,492</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">69,407</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-controlling
    interests</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29.4</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">344</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">405</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Equity</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>69,836</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>69,812</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F4F4F4">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    liabilities and equity</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>187,191</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>174,348</B></FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD  STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">The
    notes form an integral part of these financial statements.</FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><A NAME="a_002"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Consolidated
Statements of Income</B></FONT></P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">PETROBRAS</FONT></P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Years
ended December 31, 2022, 2021 and 2020 (Expressed in millions of US Dollars, unless otherwise indicated)</FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F4F4F4">
    <TD STYLE="width: 70%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 6%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Note</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    revenues</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">124,474</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">83,966</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">53,683</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost
    of sales</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9.1</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(59,486)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(43,164)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(29,195)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gross
    profit</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">64,988</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">40,802</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24,488</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    (expenses) </FONT></TD>
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Selling
    expenses</FONT></TD>
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9.2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,931)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,229)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,884)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">General
    and administrative expenses</FONT></TD>
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9.3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,332)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,176)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,090)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exploration
    costs</FONT></TD>
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(887)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(687)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(803)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Research
    and development expenses</FONT></TD>
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(792)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(563)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(355)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    taxes</FONT></TD>
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(439)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(406)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(952)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F3F3F3 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Impairment
    (losses) reversals</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">25</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,315)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,190</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,339)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    income and expenses, net</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,822</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">653</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">998</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,874)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,218)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14,425)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    before net finance expense, results of equity-accounted investments and income taxes</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">57,114</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37,584</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,063</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Finance
    income</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,832</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">821</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">551</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Finance
    expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,500)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,150)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6,004)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    exchange gains (losses) and inflation indexation charges</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,172)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6,637)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,177)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    finance expense</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,840)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10,966)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,630)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Results
    of equity-accounted investments</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">251</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,607</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(659)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    income (loss) before income taxes</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">53,525</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">28,225</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(226)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(16,770)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8,239)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,174</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F4F4F4">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    income for the year</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36,755</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19,986</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">948</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    income attributable to shareholders of Petrobras</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36,623</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19,875</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,141</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    income (loss) attributable to non-controlling interests</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">132</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">111</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(193)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Basic
    and diluted earnings per common and preferred share - in U.S. dollars</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2.81</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1.52</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.09</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">The
    notes form an integral part of these financial statements.</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><A NAME="a_003"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Consolidated
Statements of Comprehensive Income&#9;</B></FONT></P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">PETROBRAS</FONT></P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Years
ended December 31, 2022, 2021 and 2020 (Expressed in millions of US Dollars, unless otherwise indicated)</FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 8pt Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 62%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    income for the year</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36,755</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19,986</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">948</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Items
    that will not be reclassified to the statement of income:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Actuarial
    gains (losses) on post-employment defined benefit plans</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17.3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Recognized
    in equity</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,583)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,169</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,415</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Deferred
    income tax</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">212</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,340)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(127)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,371)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,829</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,288</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unrealized
    gains (losses) on equity instruments measured at fair value through other comprehensive income</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Recognized
    in equity</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Deferred
    income tax</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Share
    of other comprehensive income in equity-accounted investments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">46</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Items
    that may be reclassified subsequently to the statement of income:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unrealized
    gains (losses) on cash flow hedge - highly probable future exports</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">34.3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Recognized
    in equity</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,223</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,949)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(21,460)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Reclassified
    to the statement of income</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,871</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,585</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; border-left: white 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,720</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Deferred
    income tax</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,432)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(215)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,690</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,662</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">421</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11,050)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustments (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Recognized
    in equity</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">975</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,314)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,211)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Reclassified
    to the statement of income</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">41</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">975</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,273)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,211)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Share
    of other comprehensive income (loss) in equity-accounted investments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Recognized
    in equity</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29.2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">219</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(378)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Reclassified
    to the statement of income</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">43</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">219</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(335)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 30pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 30pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    comprehensive income (loss)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,485</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,999</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14,263)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    comprehensive income (loss)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>43,240</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>22,985</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(13,315)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Comprehensive
    income (loss) attributable to shareholders of Petrobras</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">43,084</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22,961</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(13,126)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Comprehensive
    income (loss) attributable to non-controlling interests</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">156</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(189)</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It includes cumulative translation adjustments in associates and joint ventures.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; width: 62%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">The
    notes form an integral part of these financial statements.</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><A NAME="a_004"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Consolidated
Statements of Cash Flows&#9;</B></FONT></P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">PETROBRAS</FONT></P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Years
ended December 31, 2022, 2021 and 2020 (Expressed in millions of US Dollars, unless otherwise indicated)</FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F4F4F4">
    <TD STYLE="width: 62%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Note</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Cash
    flows from operating activities</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    income for the year</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36,755</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19,986</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">948</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Adjustments
    for:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Pension
    and medical benefits - actuarial gains (expense)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,228</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,098</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,001)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Results
    of equity-accounted investments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29.3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(251)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,607)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">659</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    depletion and amortization</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13,218</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,695</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,445</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Impairment
    of assets (reversals) </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">25</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,315</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,190)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,339</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Inventory
    write-down (write-back) to net realizable value</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">375</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Allowance
    (reversals) for credit loss on trade and other receivables</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">65</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(30)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">144</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exploratory
    expenditure write-offs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">691</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">248</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">456</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Disposal/write-offs
    of assets, remeasurement of investment retained with loss of control and reclassification of CTA</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,144)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,900)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(456)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    exchange, indexation and finance charges&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,557</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,795</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,094</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16,770</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,239</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,174)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revision
    and unwinding of discount on the provision for decommissioning costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">745</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">661</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">981</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">PIS
    and COFINS recovery - exclusion of ICMS (VAT tax) from the basis of calculation</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(986)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,173)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Results
    from co-participation agreements in bid areas</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,286)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(631)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assumption
    of interest in concessions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(164)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Early
    termination and cash outflows revision of lease agreements</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(629)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(545)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(276)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(Gains)
    losses with legal, administrative and arbitration proceedings, net</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,362</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">740</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">493</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Decrease
    (Increase) in assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Trade
    and other receivables</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">355</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,075)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Inventories</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,217)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,334)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">724</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Judicial
    deposits</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,709)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,141)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(945)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(413)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(289)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">159</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Increase
    (Decrease) in liabilities </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Trade
    payables</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(359)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,073</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">216</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    taxes payable</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,441)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,835</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,677</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Pension
    and medical benefits</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,130)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,239)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,048)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Provisions
    for legal proceedings</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(380)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(643)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(668)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Short-term
    benefits</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(182)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(312)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">781</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Provision
    for decommissioning costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(602)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(730)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(482)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    liabilities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(95)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">376</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(47)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    taxes paid</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11,516)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,138)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(332)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Net
    cash provided by operating activities</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>49,717</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>37,791</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>28,890</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Cash
    flows from investing activities</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Acquisition
    of PP&amp;E and intangible assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,581)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6,325)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,874)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Investments
    in investees</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(27)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(24)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(942)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Proceeds
    from disposal of assets - Divestment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,846</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,783</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,997</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Financial
    compensation from co-participation agreements</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,284</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,938</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Divestment
    (Investment) in marketable securities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,328)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">66</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Dividends
    received </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">374</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">781</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">243</FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Net
    cash provided by (used in) investing activities</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(432)</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,157</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(4,510)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Cash
    flows from financing activities</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Changes
    in non-controlling interest</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">63</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(24)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(67)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 0 10pt; text-indent: 0.4pt; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Proceeds
                                            from finance debt</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 0 10pt; text-indent: 0.4pt; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31.3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,880</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,885</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17,023</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Repayment
    of principal - finance debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31.3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,334)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(21,413)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(25,727)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Repayment
    of interest - finance debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31.3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,850)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,229)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,157)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Repayment
    of lease liability</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">32</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,430)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,827)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,880)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Dividends
    paid to Shareholders of Petrobras</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(37,701)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(13,078)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,367)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Dividends
    paid to non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(81)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(105)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(84)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Net
    cash used in financing activities</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(51,453)</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(40,791)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(19,259)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Effect
    of exchange rate changes on cash and cash equivalents</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(316)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(402)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(773)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Net
    change in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2,484)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,245)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,348</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: #F4F4F4; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Cash
    and cash equivalents at the beginning of the period</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: #F4F4F4; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,480</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,725</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,377</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: #F4F4F4; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Cash
    and cash equivalents at the end of the period</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: #F4F4F4; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,996</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,480</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,725</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">The
    notes form an integral part of these financial statements.</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


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<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><A NAME="a_005"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Consolidated
Statements of Changes In Shareholders&rsquo; Equity&#9;</B></FONT></P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">PETROBRAS</FONT></P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Years
ended December 31, 2022, 2021 and 2020 <I>(</I>Expressed in millions of US Dollars, unless otherwise indicated<I>)</I></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></DIV></DIV><!-- Field: /Rule-Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F4F4F4">
    <TD STYLE="vertical-align: bottom; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: white 1.5pt outset; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #006298"><B>Share
    capital (net of share issuance costs)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="border-top: white 1.5pt outset; border-right: white 1.5pt outset; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #006298"><B>Accumulated
    other comprehensive income (deficit) and deemed cost</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-top: white 1.5pt outset; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #006298"><B>Profit
    Reserves</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #F4F4F4">
    <TD STYLE="vertical-align: bottom; width: 24%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Share
    Capital</B></FONT></TD>
    <TD STYLE="width: 4%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Share
    issuance costs</B></FONT></TD>
    <TD STYLE="width: 6%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Capital
    reserve, Capital Transactions and Treasury shares</B></FONT></TD>
    <TD STYLE="width: 5%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Cumulative
    translation adjustments</B></FONT></TD>
    <TD STYLE="width: 5%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Cash
    flow hedge - highly probable future exports</B></FONT></TD>
    <TD STYLE="width: 5%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Actuarial
    gains (losses) on defined benefit pension plans</B></FONT></TD>
    <TD STYLE="width: 6%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>&nbsp;Other
    comprehensive income (loss) and deemed cost</B></FONT></TD>
    <TD STYLE="width: 4%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Legal
    </B></FONT></TD>
    <TD STYLE="width: 4%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Statutory</B></FONT></TD>
    <TD STYLE="width: 4%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Tax
    incentives</B></FONT></TD>
    <TD STYLE="width: 4%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Profit
    retention</B></FONT></TD>
    <TD STYLE="width: 4%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Additional
    dividends proposed</B></FONT></TD>
    <TD STYLE="width: 4%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Retained
    earnings (losses)</B></FONT></TD>
    <TD STYLE="width: 6%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Equity
    attributable to shareholders of Petrobras</B></FONT></TD>
    <TD STYLE="width: 5%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Non-controlling
    interests</B></FONT></TD>
    <TD STYLE="width: 6%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #006298"><B>Total
    consolidated equity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #008542"><B>Balance
    at January 1, 2020</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>107,380</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(279)</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,064</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(68,721)</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(13,540)</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(17,322)</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(886)</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>8,745</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>2,702</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,102</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>53,078</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>73,323</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>892</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>74,215</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>107,101</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,064</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(100,469)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>65,627</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>73,323</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>892</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>74,215</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">Capital
    increase with reserves</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">(13)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: black">(13)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Realization
    of deemed cost</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">2</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Capital
    transactions</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(81)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(81)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Net
    income </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">1,141</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">1,141</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(193)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">948</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Other
    comprehensive income (loss)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(5,215)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(11,050)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">2,288</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(290)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(14,267)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">4</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(14,263)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Appropriations:</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Transfer
    to reserves</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">68</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">198</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(226)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(40)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Dividends</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(878)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">1,128</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(1,099)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(849)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(81)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(930)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #008542"><B>Balance
    at December 31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>107,380</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(279)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,064</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(73,936)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(24,590)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(15,034)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(1,174)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>8,813</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>2,900</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,102</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>51,974</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,128</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>59,348</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>528</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>59,876</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>107,101</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,064</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(114,734)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>65,917</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>59,348</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>528</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>59,876</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Capital
    increase with reserves</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">2</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Capital
    transactions</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">79</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">79</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(40)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">39</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Net
    income </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">19,875</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">19,875</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">111</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">19,986</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Other
    comprehensive income (loss)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(1,186)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">421</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">3,829</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">22</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">3,086</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(87)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">2,999</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Appropriations:</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Additional
    dividends proposed last year approved this year</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(1,128)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(1,128)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(1,128)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Transfer
    to reserves</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">956</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">184</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">118</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">388</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(1,646)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Dividends</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(312)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">6,688</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(18,229)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(11,853)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(109)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(11,962)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #008542"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>107,380</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(279)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,143</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(75,122)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(24,169)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(11,205)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(1,152)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>9,769</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>3,084</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,220</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>52,050</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>6,688</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>69,407</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>405</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>69,812</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>107,101</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,143</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(111,648)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>72,811</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>69,407</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>405</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>69,812</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Capital
    transactions</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">1</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">1</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(146)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(145)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Net
    income </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">36,623</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">36,623</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">132</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">36,755</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Other
    comprehensive income&nbsp;&nbsp;(loss)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">951</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">6,662</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(1,371)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">219</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">6,461</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">24</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">6,485</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Expired
    unclaimed dividends</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">11</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">11</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">11</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Appropriations:</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Additional
    dividends proposed last year approved this year</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(6,688)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(6,688)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(6,688)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Transfer
    to reserves</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">1,805</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">197</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">457</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">71</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(2,530)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">Dividends</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(9,083)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">6,864</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(34,104)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(36,323)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(71)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(36,394)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #008542"><B>Balance
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>107,380</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(279)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,144</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(74,171)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(17,507)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(12,576)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(933)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>11,574</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>3,281</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,677</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>43,038</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>6,864</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>69,492</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>344</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>69,836</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>107,101</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>1,144</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>(105,187)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>66,434</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>69,492</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>344</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53"><B>69,836</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="17" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">The
    notes form an integral part of these financial statements.</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><A NAME="a_006"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>The
                                            Company and its operations</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petr&oacute;leo
Brasileiro S.A. (Petrobras), hereinafter referred to as &ldquo;Petrobras&rdquo; or &ldquo;Company,&rdquo; is a partially state-owned
enterprise, controlled by the Brazilian Federal Government, of indefinite duration, governed by the terms and conditions under the Brazilian
Corporate Law (Law 6,404 of December 15, 1976), Law 13,303 of June 30, 2016 and its Bylaws.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras&rsquo;
shares are listed on the Brazilian stock exchange (B3) in the Level 2 of Corporate Governance special listing segment and, therefore,
the Company, its shareholders, its managers and fiscal council members are subject to provisions under its regulation (Level 2 Regulation
- <I>Regulamento de Listagem do N&iacute;vel 2 de Governan&ccedil;a Corporativa da Brasil Bolsa Balc&atilde;o</I> &ndash; B3). The provisions
of the Level 2 Regulation shall prevail over statutory provisions in the event of harm to the rights of public offers investors provided
for in the Company's Bylaws, except when otherwise determined by other regulation.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company is dedicated to prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore
oil fields and from shale or other rocks, as well as oil products, natural gas and other liquid hydrocarbons. In addition, Petrobras
carries out energy related activities, such as research, development, production, transport, distribution and trading of all forms of
energy, as well as other related or similar activities.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras
may perform any of the activities related to its corporate purpose, directly, through its wholly-owned subsidiaries, controlled companies,
alone or through joint ventures with third parties, in Brazil or abroad.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
economic activities linked to its business purpose shall be undertaken by the Company in free competition with other companies according
to market conditions, in compliance with the other principles and guidelines of Laws no. 9,478/97 and 14,134/21 (oil and gas regulations,
respectively). However, Petrobras may have its activities, provided they are in compliance with its corporate purpose, guided by the
Brazilian Federal Government to contribute to the public interest that justified its creation, aiming to meet national energy policy
objectives when:</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">I
&ndash; established by law or regulation, as well as under agreements provisions with a public entity that is competent to establish
such obligation, abiding with the broad publicly stated of such instruments; and</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">II
&ndash; the cost and revenues thereof have been broken down and disseminated in a transparent manner.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
this case, the Company&rsquo;s Investment Committee and Minority Shareholders Committee, exercising their advisory role to the Board
of Directors, shall assess and measure the difference between such market conditions and the operating result or economic return of the
transaction, based on technical and economic criteria for investment valuation and specific operating costs and results under the Company's
operations. In case a difference is identified, for every financial year, the Brazilian Federal Government shall compensate the Company.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_007"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Basis
                                            of preparation</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>2.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Statement
                                            of compliance and authorization of consolidated financial statements </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">These
consolidated financial statements have been prepared and are being presented in accordance with the International Financial Reporting
Standards (IFRS) as issued by the International Accounting Standards Board (IASB).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
consolidated financial statements have been prepared under the historical cost convention, except when otherwise indicated. The significant
accounting policies used in the preparation of these financial statements are set out in their respective explanatory notes.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
preparation of the financial statements requires the use of estimates based on assumptions and judgements, which may affect the application
of accounting policies and reported amounts of assets, liabilities, revenues and expenses. Although our management periodically reviews
these assumptions and judgments, the actual results could differ from these estimates. For further information on accounting estimates,
see note 4.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">These
consolidated financial statements were approved and authorized for issue by the Company&rsquo;s Board of Directors in a meeting held
on March 1, 2023.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>2.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Functional
                                            and presentation currency</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
functional currency of Petrobras and all of its Brazilian subsidiaries is the Brazilian Real. The functional currency of the Petrobras
direct subsidiaries that operate outside Brazil is the U.S. dollar.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras
has selected the U.S. dollar as its presentation currency to facilitate a more direct comparison to other oil and gas companies. The
financial statements have been translated from the functional currency (Brazilian real) into the presentation currency (U.S. dollar).
All assets and liabilities are translated into U.S. dollars at the closing exchange rate at the date of the financial statements; income
and expenses, as well as cash flows are translated into U.S. dollars using the average exchange rates prevailing during the period. All
exchange differences arising from the translation of the consolidated financial statements from the functional currency into the presentation
currency are recognized as cumulative translation adjustments (CTA) within accumulated other comprehensive income in the consolidated
statements of changes in shareholders&rsquo; equity.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Brazilian
    Real x U.S. Dollar</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Dec/22</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Sep/22</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Mar/22</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Jun/22</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Mar/22</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Dec/21</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Sep/21</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Jun/21</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Mar/21</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Dec/20</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Sep/20</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Jun/20</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #008542 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Mar/20</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Quarterly
    average exchange rate</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.26</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.25</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.23</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4.93</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.23</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.59</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.23</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.29</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.48</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.39</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.38</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.39</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4.47</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Period-end
    exchange rate</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.22</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.41</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4.74</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.24</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4.74</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.58</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.44</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.00</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.70</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.20</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.64</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.48</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.20</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt/115% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt; color: #548DD4"><A NAME="a_008"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

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<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Significant
                                            accounting policies</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">To
aid cohesion and comprehension, the significant accounting policies are set out at the end of each explanatory note to which they relate.</FONT></P>

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<TD STYLE="width: 0.25in"><A NAME="a_009"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Critical
                                            accounting policies: key estimates and judgments</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
preparation of the consolidated financial information requires the use of estimates and judgments for certain transactions and their
impacts on assets, liabilities, income and expenses. The assumptions are based on past transactions and other relevant information and
are periodically reviewed by management, although the actual results could differ from these estimates.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Information
about areas that require significant judgment or involve a higher degree of complexity in the application of the accounting policies
and that could materially affect the Company&rsquo;s financial condition and results of operations is set out as follows.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Oil
                                            and gas reserves</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Oil
and gas reserves are estimated based on economic, geological and engineering information, such as well logs, pressure data and fluid
sample data. The reserves are used as the basis for calculating unit-of-production depreciation, depletion and amortization rates, impairment
testing and decommissioning costs estimates, and for projections of highly probable future exports subject to the cash flow hedge.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Reserves
estimates are revised at least annually, based on updated geological and production data of reservoirs, as well as on changes in prices
and costs used in these estimates. Revisions may also result from significant changes in the Company&rsquo;s strategy for development
projects or in the production capacity.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company determines its oil and gas reserves both pursuant to the U.S. Securities and Exchange Commission - SEC and the ANP/SPE (Brazilian
Agency of Petroleum, Natural Gas and Biofuels / Society of Petroleum Engineers) criteria. The differences between the reserves estimated
by ANP/SPE definitions and those estimated using SEC regulation are mainly due to different economic assumptions and the possibility
of considering as reserves the volumes expected to be produced beyond the concession contract expiration date in fields in Brazil according
to ANP reserves regulation.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">According
to the definitions prescribed by the SEC, proved oil and gas reserves are those quantities of oil and gas which, by analysis of geoscience
and engineering data, can be estimated with reasonable certainty to be economically feasible from a given date, from known reservoirs
and under existing economic conditions, operating methods and government regulation. Proved reserves are subdivided into developed and
undeveloped reserves.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Proved
developed oil and gas reserves are those that can be expected to be recovered through: (i) existing wells with existing equipment and
operating methods, or when the cost of the required equipment is relatively minor compared to the cost of a new well; (ii) installed
extraction equipment and infrastructure operational at the time of the reserves estimate, if the extraction is by means not involving
wells.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Although
the Company is reasonably certain that proved reserves will be produced, the timing and amount recovered can be affected by a sort of
factors including completion of development projects, reservoir performance, regulatory aspects and significant changes in long-term
oil and gas price levels.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Detailed
information on reserves is presented as unaudited supplementary information.</FONT></P>

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<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Impacts
                                            of oil and gas reserves on depreciation, depletion and amortization</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Estimates
of proved reserves volumes used in the calculation of depreciation, depletion and amortization rates, under the unit-of-production method,
are prepared by the Company&rsquo;s technicians according to the SEC definitions. Revisions to the Company&rsquo;s proved developed and
undeveloped reserves impact prospectively the amounts of depreciation, depletion and amortization recognized in the statement of income
and the carrying amounts of oil and gas properties assets.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Therefore,
considering all other variables being constant, a decrease in estimated proved reserves would increase, prospectively, depreciation,
depletion and amortization expense, while an increase in reserves would reduce depreciation, depletion and amortization.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Note
23 provides more detailed information on depreciation, amortization and depletion.</FONT></P>

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<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Impacts
                                            of oil and gas reserves on impairment testing</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
measurement of the value in use of oil and gas exploration and development assets is based on proved and probable reserves pursuant to
the ANP/SPE definitions. Note 25 provides further information on impairment testing.</FONT></P>

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<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Impacts
                                            of oil and gas reserves on decommissioning costs estimates</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
timing of abandonment and dismantling areas is based on the length of reserves depletion, in accordance with ANP/SPE definitions. Therefore,
the review of the timing of reserves depletion may impact the provision for decommissioning cost estimates. Note 4.5 provides further
information on other assumptions used in estimating the provision for decommissioning costs.</FONT></P>

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<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>d)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Impacts
                                            of oil and gas reserves on highly probable future exports subject to cash flow hedge accounting</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company estimates highly probable future exports in accordance with future exports forecasted in the current Strategic Plan projections
and based on short-term estimates on a monthly basis. Changes in the expected oil and gas production may affect future exports forecasts
and, consequently, hedge relationship designations may also be impacted.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Impairment
                                            testing</B></FONT></TD></TR></TABLE>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.2.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Main
                                            assumptions for impairment testing</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Impairment
testing involves uncertainties mainly related to its key assumptions: average Brent prices and Brazilian Real/U.S. dollar average exchange
rate. These assumptions are relevant to virtually all of the Company&rsquo;s operating segments and a significant number of interdependent
variables are derived from these key assumptions and there is a high degree of complexity in their application in determining value in
use for impairment tests.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
markets for crude oil and natural gas have a history of significant price volatility and although prices can drop or increase precipitously,
industry prices over the long term tends to continue being driven by market supply and demand fundamentals.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Projections
relating to the key assumptions are derived from the Strategic Plan and are consistent with market evidence, such as independent macro-economic
forecasts, industry analysts and experts. Back testing analysis and feedback process in order to continually improve forecast techniques
are also performed.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company&rsquo;s oil price forecast model is based on a nonlinear relationship between variables reflecting market supply and demand fundamentals.
This model also takes into account other relevant factors, such as the effects of the Organization of the Petroleum Exporting Countries
(OPEC) decisions on the oil market, industry costs, idle capacity, the oil and gas production forecasted by specialized firms, and the
relationship between the oil price and the U.S. dollar exchange rate.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Real/U.S. dollar exchange rate projections are based on econometric models that consider long-term assumptions involving observable inputs,
such as country risk, commodity prices, interest rates and the value of the U.S. Dollar relative to a basket of foreign currencies (U.S.
Dollar Index &ndash; USDX).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Changes
in the economic environment may result in changing assumptions and, consequently, the recognition of impairment losses or reversals on
certain assets or cash generating units - CGUs. For example, the Company&rsquo;s sales revenues and refining margins are directly impacted
by Brent price variations, as well as Brazilian Real/U.S. dollar exchange rate variations, which also impacts our capital and operating
expenditures.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Changes
in the economic and political environment may also result in higher country risk projections that would increase discount rates for impairment
testing.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Reductions
in future oil and natural gas price scenarios resulting from structural changes, adverse effects arising from significant changes in
reserve volumes, production curve expectations, lifting costs or discount rates, as well as capital expenditure decisions that result
in the postponement or termination of projects, could trigger the need for impairment assessment.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
recoverable amount of certain assets may not substantially exceed their carrying amounts and, therefore, it is reasonably possible that
outcomes in future periods that are different from the current assumptions may result in the recognition of additional impairment losses
on these assets, as described in note 25.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.2.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Identifying
                                            cash-generating units for impairment testing</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Identifying
cash-generating units (CGUs) requires management assumptions and judgment, based on the Company&rsquo;s business and management model.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Changes
in CGUs resulting from the review of investment, strategic or operational factors, may result in changes in the interdependencies of
assets and, consequently, alter the aggregation or breakdown of assets that were part of certain CGUs, which may influence their ability
to generate cash and cause additional losses or reversals in the recovery of such assets. If the approval for the sale of a CGU&rsquo;s
component occurs between the reporting date and the date of the issuance of the consolidated financial statements, the Company reassesses
whether the value in use of this component, estimated with the information existing at the reporting date, reasonably represents its
fair value, net of disposal expenses. Such information must include evidence of the stage at which management was committed to the sale
of the CGU&rsquo;s component.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
primary considerations in identifying the CGUs are set out below:</FONT></P>

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<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Exploration
                                            and Production CGUs:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">i)
Crude oil and natural gas producing properties CGUs: comprises exploration and development assets related to crude oil and natural gas
fields and groups of fields in Brazil and abroad. At December 31, 2022, Exploration and Production CGUs in Brazil had 37 fields and 15
groups of fields. Changes in the aggregation of CGUs occurred in 2022 are presented as follows:</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">North
                                            group of fields: exclusion of platforms P-18, P-19, P-20, P-35 and P-47 from this CGU, due
                                            to management's decision to sell and definitively cease the operations of these platforms
                                            in the Marlim field. Each of these platforms is now assessed for impairment separately; and</FONT></TD></TR></TABLE>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Oil
                                            and gas fields and groups of fields: exclusion of Alto Rodrigues, Canto do Amaro, Barrinha,
                                            Benfica, CMR and Fazenda Alegra groups of fields, as well as several other fields, mainly
                                            in the states of Bahia, Rio Grande do Norte and Cear&aacute; (31 concessions in total), due
                                            to their divestment processes. Right after the signature of the agreements for the sale of
                                            these concessions, the corresponding assets were transferred to assets classified as held
                                            for sale (see note 30.1).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ii)
Equipment not related to oil and gas producing properties: drilling rigs which are not part of any CGU and are assessed for impairment
separately, as well as platforms that stopped operating. In 2022, 14 drilling rigs were sold and the corresponding CGUs have been excluded.</FONT></P>

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<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Refining,
                                            transportation and marketing CGUs:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">i)
Downstream CGU: comprises refineries and associated assets, terminals and pipelines, as well as logistics assets operated by Transpetro,
with a combined and centralized operation of such assets in Brazil. These assets are managed with a common goal of serving the market
at the lowest overall cost, preserving the strategic value of the whole set of assets in the long term. The operational planning is made
in a centralized manner and these assets are not managed, measured or evaluated by their individual results. Refineries do not have autonomy
to choose the oil to be processed, the mix of oil products to produce, the markets in which these products will be traded, which amounts
will be exported, which intermediaries will be received and to decide the sale prices of oil products. Operational decisions are analyzed
through an integrated model of operational planning for market supply, considering all the options for production, imports, exports,
logistics and inventories, seeking to maximize the Company&rsquo;s global performance. The decision on new investments is not based on
the profitability of the project where the asset will be installed, but on the additional result for the CGU as a whole. The model that
supports the entire planning, used in technical and economic feasibility studies of new investments in refining and logistics, seeks
to allocate a certain type of oil, or a mix of oil products, define market supply (area of influence), aiming at achieving the best integrated
results. Pipelines and terminals are a complementary and interdependent portion of the refining assets, required to supply the market.</FONT></P>


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<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, management approved the sale of LUBNOR and Potiguar Clara Camar&atilde;o refineries from this CGU, whose assets were excluded from
this CGU and its assets are classified as held for sale as of December 31, 2022 (see note 30.1).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ii)
CGU Itabora&iacute; Utilities: composed of assets that will support the natural gas processing plant (UPGN) of the route 3 integrated
project;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">iii)
CGU GasLub: set of assets that remain in hibernation and are being evaluated for use in other projects.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">iv)
CGU Second Refining Unit of RNEST: comprises assets of the second refining unit of Abreu e Lima refinery;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">v)
Transportation CGU: comprises assets relating to Transpetro&rsquo;s fleet of vessels;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">vi)
Hidrovia CGU: comprises the fleet of vessels under construction of the Hidrovia project (transportation of ethanol along the Tiet&ecirc;
River); and</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">vii)
Other operations abroad defined as the smallest group of assets that generates independent cash flows.</FONT></P>

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<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Gas
                                            &amp; Power CGUs:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">i)
CGU Integrated Processing System: set of assets formed by natural gas processing plants in Itabora&iacute;, Cabi&uacute;nas and Caraguatatuba,
grouped together due to the contractual characteristics of the Integrated Processing System and the Integrated Transportation System;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ii)
CGUs of Natural Gas Processing Plants: each remaining natural gas processing plant represents a separate CGU. In 2022, management approved
the sale of Guamar&eacute; natural gas processing plant, and its assets were transferred to assets classified as held for sale (note
30.1);</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">iii)
CGU nitrogen fertilizer plants: formed by hibernated nitrogen fertilizer plants;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">iv)
CGU Power: comprises the thermoelectric power generation plants (UTEs). The operation and trade of energy of this CGU are carried out
and coordinated in an integrated manner. The economic results of each of the plants in the integrated portfolio are highly dependent
on each other, due to operational optimization aimed at maximizing the overall result.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">v)
Other CGUs: operations abroad defined as the smallest group of assets that generates largely independent cash flows.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, management approved the lease of the Termocama&ccedil;ari thermoelectric power plant, hence it is no more a cash-generating unit
due to the reclassification of this operation to accounts receivable.</FONT></P>

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<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>d)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Biofuels
                                            business CGUs: </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">i)
Biodiesel CGU: an integrated unit of biodiesel plants defined based on the production planning and operation process, that takes into
consideration domestic market conditions, the production capacity of each plant, as well as the results of biofuels auctions and raw
materials supply.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ii)
Quixad&aacute; CGU: comprises the assets of Quixad&aacute; Biofuel Plant.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Further
information on impairment testing is set out in note 25.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Pension
                                            plan and other post-employment benefits</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
actuarial obligations and net expenses related to defined benefit pension and health care post-employment plans are computed based on
several financial and demographic assumptions, of which the most significant are:</FONT></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Discount
                                            rate: comprises the projected future inflation in addition to an equivalent discounted interest
                                            rate that matches the duration of the pension and health care obligations with the future
                                            yield curve of long-term Brazilian Government Bonds; and</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Medical
                                            costs: comprise the projected growth rates based on per capita health care benefits paid
                                            over the last five years, which are used as a basis for projections, converged to the general
                                            price inflation index within 30 years.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">These
and other estimates are reviewed at least annually and may differ materially from actual results due to changing market and financial
conditions, as well as actual results of actuarial assumptions.</FONT></P>


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<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
sensitivity analysis of discount rates and changes in medical costs as well as additional information about actuarial assumptions are
set out in note 17.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Estimates
                                            related to contingencies and legal proceedings</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company is defendant in arbitrations and in legal and administrative proceedings involving civil, tax, labor and environmental issues
arising from the normal course of its business and makes use of estimates to recognize the amounts and the probability of outflow of
resources, based on reports and technical assessments from legal advisors and on management&rsquo;s assessment.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">These
estimates are performed individually, or aggregated if there are cases with similar characteristics, primarily considering factors such
as assessment of the plaintiff&rsquo;s demands, consistency of the existing evidence, jurisprudence on similar cases and doctrine on
the subject. Specifically for lawsuits by outsourced employees, the Company estimates the expected loss based on a statistical procedure,
due to the number of actions with similar characteristics.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Arbitral,
legal and administrative decisions against the Company, new jurisprudence and changes of existing evidence can result in changes on the
probability of outflow of resources and on the estimated amounts, according to the assessment of the legal basis.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Note
18 provides further detailed information about contingencies and legal proceedings.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Decommissioning
                                            costs estimates</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company has legal and constructive obligations to remove equipment and restore onshore and offshore areas at the end of operations. Its
most significant asset removal obligations relate to offshore areas. Estimates of costs for future environmental cleanup and remediation
activities are based on current information about costs and expected plans for remediation. These obligations are recognized at present
value, using a risk-free discount rate, adjusted to the Company's credit risk. Due to the long term until the abandonment, changes in
the discount rate can cause significant variations in the recognized amount.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">These
estimates require performing complex calculations that involve significant judgment since: i) the obligations are long-term; ii) the
contracts and regulations contain subjective definitions of the removal and remediation practices and criteria involved when the events
actually occur; and iii) asset removal technologies and costs are constantly changing, along with regulations, environmental, safety
and public relations considerations.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company conducts studies to incorporate technologies and procedures to optimize the process of abandonment, considering industry best
practices. However, the timing and amounts of future cash flows are subject to significant uncertainty.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Note
19 provides further detailed information about the decommissioning provisions.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Deferred
                                            income taxes</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
recognition of deferred taxes involves significant estimates and judgments by the Company. Deferred tax assets are recognized to the
extent that it is probable that taxable profit will be available against which a deductible temporary difference can be utilized or it
is probable that the entity will have sufficient taxable profit in future periods. In evaluating whether it will have sufficient taxable
profit in future periods to support the recognition of deferred tax assets, the Company uses future projections and estimates based on
its Strategic Plan, which is approved by the Board of Directors annually. Future taxable profits projections are mainly based on the
following assumptions: i) Brent crude oil prices; ii) foreign exchange rates; and iii) the Company&rsquo;s projected net finance expenses
(income).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Changes
in deferred tax assets and liabilities are presented in note 16.1.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Cash
                                            flow hedge accounting involving the Company&rsquo;s future exports</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company determines its future exports as &ldquo;highly probable future exports&rdquo; based on its current Strategic Plan and, based
on short-term estimates on a monthly basis. The highly probable future exports are determined by a percentage of projected exports revenue,
taking into account the Company&rsquo;s operational and capital expenditure optimization model, limited to a threshold based on a historical
percentage of the oil production that is usually sold abroad. For the long-term, future exports forecasts are reviewed whenever the Company
reviews its Strategic Plan assumptions, while for the short-term it is reviewed monthly. The approach for determining exports as highly
probable future exports is reviewed annually, at least.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">See
note 34 for more detailed information about cash flow hedge accounting and a sensitivity analysis of the cash flow hedge involving future
exports.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.8.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Write-off
                                            &ndash; overpayments incorrectly capitalized </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
described in note 21, in the third quarter of 2014, the Company developed an estimation methodology and wrote off US$2,527 of improperly
capitalized costs representing the estimated amounts that Petrobras had overpaid for the acquisition of property, plant and equipment.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company has continuously monitored the results of the Lava Jato investigation and the availability of other information related to the
scheme of improper payments. In preparing the financial statements for the year ended December 31, 2022, the Company has not identified
any additional information that would affect the adopted calculation methodology and consequently require additional write-offs.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.9.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Expected
                                            credit losses on financial assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Expected
credit losses on financial assets are based on assumptions relating to risk of default, the determination of whether or not there has
been a significant increase in credit risk and expectation of recovery, among others. The Company uses judgment for such assumptions
in addition to information from credit rating agencies and inputs based on collection delays.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.10.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Leases</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company uses incremental borrowing rates to determine the present value of the lease payments, when the interest rate implicit in the
lease cannot be readily determined. These incremental borrowing rates are determined mainly based on the Company&rsquo;s cost of funding
based on yields of bonds issued by the Company, adjusted by currency and duration of cash outflows of the lease arrangements, economic
environment of the country where the lessee operates and similar collateral.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.11.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Uncertainty
                                            over Income Tax Treatments</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Uncertainties
over income tax treatments represent the risks that the tax authority does not accept a certain tax treatment applied by the Company,
mainly related to different interpretations of deductions and additions to the IRPJ and CSLL calculation basis. The Company evaluates
each uncertain tax treatment separately or in a group where there is interdependence in relation to the expected result.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company estimates the probability of acceptance of an uncertain tax treatment by the tax authority based on technical assessments by
its legal advisors, considering precedent jurisprudence applicable to current tax legislation, which may be impacted mainly by changes
in tax rules or court decisions which may affect the analysis of the fundamentals of uncertainty. The tax risks identified are evaluated
following a pre-determined tax risk management methodology.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">If
it is probable that the tax authorities will accept an uncertain tax treatment, the amounts recorded in the financial statements are
consistent with the tax records and, therefore, no uncertainty is reflected in the measurement of current or deferred income taxes. If
it is not probable that the tax authorities will accept an uncertain tax treatment, the uncertainty is reflected in the measurement of
income taxes in the financial statements.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Information
on uncertainty over income tax treatments is disclosed in Note 16.1.</FONT></P>


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<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><A NAME="a_010"></A><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>New
                                            standards and interpretations</B></FONT></TD></TR></TABLE>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>5.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>New
                                            International Financial Reporting Standards not yet adopted</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 22%; border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Standard</B></FONT></TD>
    <TD STYLE="width: 62%; border-bottom: #008542 1pt solid; border-right: white 1.5pt solid; padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Description</B></FONT></TD>
    <TD STYLE="width: 16%; border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Effective
    on</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 10pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">IFRS&nbsp;17&nbsp;&ndash;&nbsp;Insurance
    Contracts&nbsp;(and Amendments)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">IFRS
    4 &ndash; Insurance Contracts will be superseded by IFRS 17, which establishes, among other things, the requirements to be applied,
    by issuers of insurance and reinsurance contracts within the scope of the standard, and for reinsurance contracts held, in the recognition,
    measurement, presentation and disclosure of insurance and reinsurance contracts.</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: -7.4pt; padding-left: 7.1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">January
    1, 2023, retrospective application with specific rules.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 10pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Disclosure
    of Accounting Policies &ndash; Amendments to IAS 1 and Practice Statement 2</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">In
    place of the requirement to disclose significant accounting policies, the amendments to IAS 1 - Presentation of Financial Statements
    establish that accounting policies must be disclosed when they are material. Among other things, the amendment provides guidance
    for determining such materiality.</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">January
    1, 2023, prospective application to amendments to IAS 1.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 10pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Definition
    of Accounting Estimates &ndash; Amendments to IAS 8</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">According
    to the amendments to IAS 8, the definition of &ldquo;change in accounting estimate&rdquo; no longer exists. Instead, a definition
    was established for the term &ldquo;accounting estimates&rdquo;: monetary values in the financial statements that are subject to
    measurement uncertainty.</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">January
    1, 2023, prospective application.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 10pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Deferred
    Tax related to Assets and Liabilities arising from a Single Transaction &ndash; Amendments&nbsp;&nbsp;to IAS 12</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">The
    amendments have reduced the scope of the exemption from recognition of deferred tax assets and deferred tax liabilities described
    in paragraphs 15 and 24 of IAS 12 - Income Taxes, so that it no longer applies to transactions that, among other items, on initial
    recognition, give rise to equal taxable and deductible temporary differences.</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">January
    1, 2023, retrospective application with specific rules.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 10pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Lease
    Liability in a Sale and Leaseback - Amendments to IFRS 16</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">The
    amendments add requirements that specify that the seller-lessee must subsequently measure the lease liability arising from the transfer
    of an asset - which meets the requirements of IFRS 15 to be accounted for as a sale - and sale and leaseback, so that no gain or
    loss is recognized related to the right of use retained in the transaction.</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">January
    1, 2024, retrospective application.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 0 10pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Classification
                                            of Liabilities as Current or Non-current /</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 0 10pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Non-current
    Liabilities with Covenants- Amendments to IAS 1</FONT></P></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">The
                                            amendments establish that the liability should be classified as current when the entity does
                                            not have the right, at the end of the reporting period, to defer the settlement of the liability
                                            for at least twelve months after the reporting period.</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Among
    other guidelines, the amendments provide that the classification of a liability is not affected by the likelihood of exercising the
    right to defer the settlement of the liability. Additionally, according to the amendments, only covenants whose compliance is mandatory
    before or at the end of the reporting period should affect the classification of a liability as current or non-current.</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Additional
    disclosures are also required by the amendments, including information on non-current liabilities with restrictive clauses.</FONT></P></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 7.1pt; padding-left: 7.1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">January
    1, 2024, retrospective application.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Regarding
the amendments effective as of January 1, 2023, according to the assessment made, the Company estimates that there will be no significant
impact with the initial application on its consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
for the amendments that will be effective as of January 1, 2024, the Company is assessing the impacts that they will have on the financial
statements and is unable to make a reasonable estimation of these impacts at this stage.</FONT></P>

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<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><A NAME="a_011"></A><B>6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Capital
                                            Management</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company&rsquo;s objective in its capital management is to maintain its capital structure in adequate level in order to continue as a
going concern, maximizing value to shareholders and investors. Its main source of funding has been cash provided by its operating activities.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
financial strategy of the 2023-2027 Strategic Plan is based on preserving financial strength, selecting projects with both financial
and environmental resilience, focusing on value creation.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
the Company's goal of reducing gross debt (composed of current and non-current finance debt and lease liability) to US$ 60 billion by
2022 was achieved 15 months in advance, the gross debt target defined in 2023-2027 Strategic Plan is to be maintained in the range between
US$&nbsp;50,000 and US$&nbsp;65,000.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">During
2022, through the Company&rsquo;s liability management, the maturity of outstanding finance debt is concentrated from 2027 onwards, which
represents 56% of the total. Such factors, combined with the policy for oil products in line with the international market, allowed,
in accordance with the Shareholders Dividends Policy, the distribution of greater remuneration to shareholders, without compromising
the Company's financial sustainability.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
of December 31, 2022, gross debt decreased to US$&nbsp;53,799, from US$&nbsp;US$&nbsp;58,743 as of December 31, 2021, maintained in the
range defined in the current Strategic Plan.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><A NAME="a_012"></A><B>7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Cash
                                            and cash equivalents and Marketable securities</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>7.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Cash
                                            and cash equivalents</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">They
include cash, available bank deposits and short-term financial investments with high liquidity, which meet the definition of cash equivalents.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: white 2.75pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cash
    at bank and in hand</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">216</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">299</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Short-term
    financial investments</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-
    In Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazilian
    interbank deposit rate investment funds and other short-term deposits</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,763</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,951</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    investment funds</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">244</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">163</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,007</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,114</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-
    Abroad</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Time
    deposits</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,388</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,310</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Automatic
    investing accounts and interest checking accounts</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,365</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,732</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    financial investments </FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,773</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,054</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Total
    short-term financial investments </FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,780</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,168</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    cash and cash equivalents</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,996</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,467</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Short-term
financial investments in Brazil primarily consist of investments in funds holding Brazilian Federal Government Bonds that can be redeemed
immediately, as well as reverse repurchase agreements that mature within three months as of the date of their acquisition. Short-term
financial investments abroad comprise time deposits that mature in three months or less from the date of their acquisition, highly-liquid
automatic investment accounts, interest checking accounts and other short-term fixed income instruments.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
main use of these funds in the year ended December 31, 2022 were for payment of dividends of US$ 37,782, repayment of principal and interests
related to finance debt and repayment of lease liability, amounting US$ 16,614, as well as for acquisition of PP&amp;E and intangible
assets in the amount of US$ 9,581.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
main resources constituted were substantially provided by cash provided by operating activities of US$ 49,717, financial compensation
from co-participation agreements of US$ 7,284, proceeds from disposal of assets - divestment of US$ 4,846 and proceeds from finance debt
of US$ 2,880.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for cash and cash equivalents</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Cash
and cash equivalents comprise cash on hand, term deposits with banks and short-term highly-liquid financial investments that are readily
convertible to known amounts of cash, are subject to insignificant risk of changes in value and have a maturity of three months or less
from the date of acquisition.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>7.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Marketable
                                            securities</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 52%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53"><B>In
    Brazil</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53"><B>Abroad</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53"><B>In
    Brazil</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53"><B>Abroad</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">Fair
    value through profit or loss</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">713</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">713</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">650</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">650</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">Amortized
    cost - Bank Deposit Certificates and time deposits</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">2,548</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">1,026</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">3,574</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">Amortized
    cost - Others</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">50</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">50</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">44</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">44</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53"><B>3,311</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53"><B>1,026</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53"><B>4,337</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53"><B>694</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53"><B>694</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">1,747</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">1,026</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">2,773</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">650</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">650</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">Non-current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">1,564</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">1,564</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">44</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #665C53">44</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Marketable
securities classified as fair value through profit or loss refer mainly to investments in Brazilian Federal Government Bonds (amounts
determined by level 1 of the fair value hierarchy). These financial investments have maturities of more than three months.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Securities
classified as amortized cost refer to investments in Brazil in post-fixed Bank Deposit Certificates with daily liquidity, with maturities
between one and two years, and to investments abroad in time deposits with maturities of more than three months from the contracting
date.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for marketable securities</U></B></FONT></P>


<!-- Field: Page; Sequence: 17 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
amounts invested in operations with terms of more than three months, as from the date of the agreement, are initially measured at fair
value and subsequently according to their respective classifications, which are based on the way in which these funds are managed and
their features of contractual cash flows:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Amortized
                                            cost &ndash; financial assets that give rise, on specified dates, to cash flows represented
                                            exclusively by payments of principal and interest on the outstanding principal amount, the
                                            purpose of which is to receive its contractual cash flows. They are presented in current
                                            and in non-current asset according to their maturity term. Interest income from these investments
                                            is calculated using the effective interest rate method.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Fair
                                            value through profit or loss &ndash; financial assets whose purpose is to receive for sale.
                                            They are presented in current asset due to the expectation of realization.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><A NAME="a_013"></A><B>8.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Sales revenues</B></FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>8.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Revenues
                                            from contracts with customers</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
an integrated energy company, revenues from contracts with customers derive from different products sold by the Company&rsquo;s operating
segments, taking into consideration specific characteristics of the markets where they operate. For additional information about the
operating segments of the Company, its activities and its respective products sold, see note 12.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
determination of transaction prices derives from methodologies and policies based on the parameters of these markets, reflecting operating
risks, level of market share, changes in exchange rates and international commodity prices, including Brent oil prices, oil products
such as diesel and gasoline, and the Henry Hub Index.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>8.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Net
                                            sales revenues</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 64%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Diesel</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">40,149</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24,236</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13,924</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gasoline</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16,175</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,910</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,313</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Liquefied
    petroleum gas</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,121</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,491</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,383</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Jet
    fuel</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,423</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,271</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,455</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Naphtha</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,396</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,699</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,694</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Fuel
    oil (including bunker fuel)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,411</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,775</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">795</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    oil products</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,536</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,261</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,712</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Subtotal
    oil products</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>76,211</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>50,643</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>30,276</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Natural
    gas</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,673</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,884</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,649</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Oil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,719</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">671</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">48</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Renewables
    and nitrogen products</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">283</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">40</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">59</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Breakage</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">669</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">243</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">438</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Electricity</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">694</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,902</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,109</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Services,
    agency and others</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,043</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">808</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">755</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Domestic
    market</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>94,292</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>61,191</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>36,334</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exports</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">27,497</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21,491</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15,945</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Oil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19,332</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,942</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,720</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Fuel
    oil (including bunker fuel)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,399</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,480</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,525</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    oil products</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">766</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,069</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">700</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    abroad (*)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,685</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,284</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,404</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Foreign
    market</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>30,182</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>22,775</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17,349</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Sales
    revenues</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>124,474</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>83,966</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>53,683</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #7F7F7F">(*)
    Sales revenues from operations outside of Brazil, including trading and excluding exports.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 18 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 64%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Domestic
    market</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>94,292</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>61,191</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>36,334</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Americas
    (except United States)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,166</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,702</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,419</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">China</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,389</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,053</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,703</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Europe</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,932</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,110</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,853</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">United
    States</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,914</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,162</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,193</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Singapore</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,271</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,913</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,415</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Asia
    (except China and Singapore)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,505</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,671</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">746</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">164</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Foreign
    market</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>30,182</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>22,775</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17,349</B></FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Sales
    revenues</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>124,474</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>83,966</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>53,683</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
the year ended December 31, 2022, sales to two clients of the refining, transportation and marketing segment represented individually
15% and 11% of the Company&rsquo;s sales revenues. In the years ended December 31, 2021 and 2020, one client of the same segment represented
more than 10% of the Company&rsquo;s sales revenues.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>8.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Remaining
                                            performance obligations</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company is party to sales contracts signed until December 31, 2022 with original expected duration of more than 1 year, which define
the volume and timing of goods or services to be delivered during the term of the contract, and the payment terms for these future sales.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
estimated remaining values of these contracts at the year ended December 31, 2022 presented below are based on the contractually agreed
future sales volumes, as well as prices prevailing at December 31, 2022 or practiced in recent sales reflecting more directly observable
information:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 67%; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Expected
    recognition within 1 year</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Expected
    recognition after 1 year</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Domestic
    market</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gasoline</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,495</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,495</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Diesel
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31,175</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31,175</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Natural
    gas </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15,643</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,636</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30,279</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Services
    and others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,867</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,573</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12,440</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Naphtha</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,946</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,211</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,157</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Electricity</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">658</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,352</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,010</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    oil products</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Jet
    fuel</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,868</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,868</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Foreign
    market</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exports</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,961</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,761</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,722</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>76,643</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>38,533</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>115,176</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Revenues
will be recognized once goods are transferred and services are provided to the customers and their measurement and timing of recognition
will be subject to future demands, changes in commodities prices, exchange rates and other market factors.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
table above does not include information on contracts with original expected duration of less than one year, such as spot-market contracts,
variable considerations which are constrained, and information on contracts only establishing general terms and conditions (Master Agreements),
for which volumes and prices will only be defined in subsequent contracts.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
addition, electricity sales are mainly driven by demands to generate electricity from thermoelectric power plants, as and when requested
by the Brazilian National Electric System Operator (ONS). These requests are substantially affected by Brazilian hydrological conditions.
Thus, the table above presents mainly fixed amounts for the electricity to be available to customers in these operations.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>8.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Contract
                                            liabilities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
balance of contract liabilities carried on the statement of financial position at the year ended December 31, 2022 amounted to US$&nbsp;48
(US$&nbsp;19 as of the year ended December 31, 2021). This amount is classified as other current liabilities and primarily comprises
advances from customers in ship and take or pay contracts to be recognized as revenue based on future sales of natural gas or following
the non-exercise of the right by the customer.</FONT></P>


<!-- Field: Page; Sequence: 19 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for revenues</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company evaluates contracts with customers for the sale of oil and oil products, natural gas, electricity, services and other products,
which will be subject to revenue recognition, and identifies the distinct goods and services promised in each of them.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Sales
revenues are recognized when control is transferred to the client, which usually occurs upon delivery of the product or when the service
is provided. At this moment, the company satisfies the performance obligation.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Performance
obligations are considered to be promises to transfer to the client: (i) good or service (or group of goods or services) that is distinct;
and (ii) a series of distinct goods or services that have the same characteristics or are substantially the same and that have the same
pattern of transfer to the client.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Revenue
is measured based on the amount of consideration to which the Company expects to be entitled in exchange for transfers of promised goods
or services to the customer, excluding amounts collected on behalf of third parties. Transaction prices are based on contractually stated
prices, which reflect the Company's pricing methodologies and policies based on market parameters.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Invoicing
occurs in periods very close to deliveries and rendering of services, therefore, significant changes in transaction prices are not expected
to be recognized in revenues for periods subsequent to satisfaction of the performance obligation, except for some exports in which final
price formation occurs after the transfer of control of the products and are subject to the variation in the value of the commodity.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Sales
are carried out in short terms of receipt, thus there are no significant financing components.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><A NAME="a_014"></A><B>9.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Costs
                                            and expenses by nature</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>9.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Cost
                                            of sales</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 67%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 11%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Raw
    material, products for resale, materials and third-party services (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(32,354)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(20,869)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12,699)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    depletion and amortization</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10,514)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,277)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8,847)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14,953)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11,136)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,920)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Employee
    compensation</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,665)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,882)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,729)</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-top: #007A37 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(59,486)</B></FONT></TD>
    <TD STYLE="border-top: #007A37 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(43,164)</B></FONT></TD>
    <TD STYLE="border-top: #007A37 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(29,195)</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">(*) It
    Includes short-term leases and inventory turnover. </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>9.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Selling
                                            expenses</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 67%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 11%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Materials,
    third-party services, freight, rent and other related costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,987)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,542)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,163)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    depletion and amortization</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(789)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(610)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(564)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Allowance
    for expected credit losses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(58)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Employee
    compensation</FONT></TD>
    <TD STYLE="border-bottom: #007A37 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(97)</FONT></TD>
    <TD STYLE="border-bottom: #007A37 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(89)</FONT></TD>
    <TD STYLE="border-bottom: #007A37 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(159)</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(4,931)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(4,229)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(4,884)</B></FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>9.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>General
                                            and administrative expenses</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 67%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 11%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Employee
    compensation</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(865)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(834)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(749)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Materials,
    third-party services, rent and other related costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(362)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(256)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(252)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    depletion and amortization</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(105)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(86)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(89)</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,332)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,176)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,090)</B></FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><A NAME="a_015"></A><B>10.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Other
                                            income and expenses</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; background-color: whitesmoke">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 61%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unscheduled
    stoppages and pre-operating expenses</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,834)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,362)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,441)</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Losses
    with legal, administrative and arbitration proceedings</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,362)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(740)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(493)</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Pension
    and medical benefits - retirees (*)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,015)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,467)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">889</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Performance
    award program</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(547)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(469)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(439)</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Losses
    with commodities derivatives</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(256)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(79)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(308)</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gains
    (losses) on decommissioning of returned/abandoned areas</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(225)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">99</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(342)</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Operating
    expenses with thermoelectric power plants</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(150)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(88)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(133)</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Profit
    sharing</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(131)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(125)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7)</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Institutional
    relations and cultural projects</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(103)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(96)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(83)</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Health,
    safety and environment</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(80)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(79)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(75)</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfer
    of rights on concession agreements</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">363</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">84</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Recovery
    of taxes (**)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">68</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">561</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,580</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Amounts
    recovered from Lava Jato investigation</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">96</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">235</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">155</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Results
    of non-core activities</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">168</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">170</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">182</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Fines
    imposed on suppliers</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">228</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">163</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">95</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Government
    grants</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">471</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">154</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Early
    termination and changes to cash flow estimates of leases</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">629</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">545</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">276</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Reimbursements
    from E&amp;P partnership operations</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">683</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">485</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">912</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Results
    on disposal/write-offs of assets and on remeasurement of investment retained with loss of control</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,144</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,941</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">499</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Results
    from co-participation agreements in bid areas (***)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,286</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">631</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(248)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(189)</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(363)</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; border-left: white 1.5pt outset; background-color: whitesmoke; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,822</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>653</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>998</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">&#9;(*) In 2022, it includes
    US$ 67 referring to the payment of a contribution as provided for in the Pre-70 Term of Financial Commitment (TFC) for the administrative
    funding of the PPSP-R pre-70 and PPSP-NR pre-70 plans.</FONT></TD></TR>
  <TR>
    <TD ><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">&#9;(**) In 2021 and 2020,
    it includes the effects of the exclusion of ICMS (VAT tax) from the basis of calculation of sales taxes PIS and COFINS, except for
    the effects of inflation indexation.</FONT></TD></TR>
  <TR>
    <TD ><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">&#9;(***) For 2022, it mainly
    refers to the gain related to the agreement of Atapu and S&eacute;pia fields (see note 24.3). For 2021, it refers to the agreement
    of Buzios field.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_016"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>11.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Net
                                            finance income (expense)</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 61%; background-color: #F3F3F3; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 13%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 13%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Finance
    income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,832</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>821</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>551</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    from investments and marketable securities (Government Bonds) </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,159</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">315</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">202</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    income, net</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">673</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">506</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">349</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Finance
    expenses</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(3,500)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(5,150)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(6,004)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Interest
    on finance debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,363)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,870)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,595)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unwinding
    of discount on lease liabilities </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,340)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,220)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,322)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Discount
    and premium on repurchase of debt securities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(121)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,102)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,157)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Capitalized
    borrowing costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,032</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">976</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">941</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unwinding
    of discount on the provision for decommissioning costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(519)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(761)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(638)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    finance expenses , net</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(189)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(173)</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(233)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Foreign
    exchange gains (losses) and indexation charges</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2,172)</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(6,637)</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(4,177)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    exchange gains (losses) (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,022</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,737)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,363)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Reclassification
    of hedge accounting to the Statement of Income (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,871)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,585)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,720)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Monetary
    restatement of dividends and dividends payable (**)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">994</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">108</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Recoverable
    taxes inflation indexation income&nbsp;&nbsp;(***)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">86</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">518</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,807</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    foreign exchange gains (losses) and indexation charges, net</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">597</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">59</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">114</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(3,840)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(10,966)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(9,630)</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    For more information, see notes 34.3a and 34.3c.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(**)
    In 2022, it refers to the income on the monetary restatement of paid anticipated dividends, in the amount of US$ 1,293 (US$ 121 in
    2021), and to the expense on the indexation charges on dividends payable, in the amount of US$ 299 (US$ 13 in 2021 and US$ 15 in
    2020).</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(***)
    In 2021, it includes inflation indexation income related to the exclusion of ICMS (VAT tax) from the basis of calculation of PIS
    and COFINS.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 21 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 28.35pt; text-align: left"><A NAME="a_017"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>12.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Information by
operating segment</B></FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">During
2022, Petrobras implemented changes to its financial reporting system, according to the metric approved by the Executive Board. These
changes did not change the allocation of Petrobras' reportable operating segments (E&amp;P, RT&amp;M and G&amp;P). However, the measurement
of certain components of the operating segments and of Corporate and other businesses was changed as following:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">trade
                                            and other receivables, recoverable income taxes and other recoverable taxes, previously allocated
                                            to operating segments, are now presented in Corporate and other businesses. Expected credit
                                            losses are also now also presented in Corporate and other businesses;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">losses
                                            with commodity derivatives (within other income and expenses, net), previously presented
                                            in Corporate and other businesses, are now presented in operating segments;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">general
                                            and administrative expenses related to logistics and fuel sales, previously presented in
                                            Corporate and other businesses, are now disclosed in the RT&amp;M segment.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This
information reflects the Company's current management model and is used by the Board of Executive Officers (Chief Operating Decision
Maker - CODM) to make decisions regarding resource allocation and performance evaluation. In this context, the information by operating
segment for 2021 and 2020 has been restated for comparison purposes, as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    Statement of Income by operating segment - 2021 Reclassified</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; width: 44%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 9%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Exploration
    and Production (E&amp;P)</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 12%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Refining,
    Transportation &amp; Marketing (RT&amp;M)</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Gas</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&amp;</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Power
    (G&amp;P)</B></FONT></P></TD>
    <TD ROWSPAN="3" STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Corporate
    and other businesses</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Eliminations</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    income (loss) for the year disclosed in 2021</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23,350</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,746</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(109)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,291)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,710)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19,986</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Changes
    in the measurement</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(29)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(121)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(13)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">163</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: whitesmoke">
    <TD STYLE="border-bottom: #006298 1pt solid; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    income (loss) for the year reclassified - 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23,321</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,625</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(122)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(7,128)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,710)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>19,986</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    Statement of Income by operating segment - 2020 Reclassified</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Exploration
    and Production (E&amp;P)</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Refining,
    Transportation &amp; Marketing (RT&amp;M)</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Gas</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&amp;</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Power
    (G&amp;P)</B></FONT></P></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Corporate
    and other businesses</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Eliminations</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    income (loss) for the year disclosed in 2020</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,471</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">77</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">894</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,898)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">404</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">948</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Changes
    in the measurement</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">40</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">64</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(106)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: whitesmoke">
    <TD STYLE="border-bottom: #006298 1pt solid; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    income (loss) for the year reclassified - 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,511</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>141</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>896</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(5,004)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>404</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>948</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    assets by operating segment - 2021 Reclassified</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Exploration
    and Production (E&amp;P)</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Refining,
    Transportation &amp; Marketing (RT&amp;M)</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Gas</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&amp;</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Power
    (G&amp;P)</B></FONT></P></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Corporate
    and other businesses</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Eliminations</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Consolidated
    assets disclosed - 12.31.2021</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">113,146</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">34,388</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,589</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21,898</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,673)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">174,348</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Changes
    in the measurement</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,671)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,782)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,809)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,020</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,242</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: whitesmoke">
    <TD STYLE="border-bottom: #006298 1pt solid; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Consolidated
    assets reclassified - 12.31.2021</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>109,475</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>30,606</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,780</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>30,918</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(4,431)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>174,348</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>12.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Net
                                            income by operating segment</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    Statement of Income by operating segment </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 42%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Exploration
    and Production (E&amp;P)</B></FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Refining,
    Transportation &amp; Marketing (RT&amp;M)</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Gas</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&amp;</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Power
    (G&amp;P)</B></FONT></P></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Corporate
    and other businesses</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Eliminations</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    revenues</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">77,890</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">113,531</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15,068</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">511</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(82,526)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">124,474</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;&nbsp;&nbsp;Intersegments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">76,579</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,950</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,991</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(82,526)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;&nbsp;&nbsp;Third
    parties</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,311</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">111,581</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,077</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">505</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">124,474</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost
    of sales</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(30,465)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(99,154)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10,518)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(522)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">81,173</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(59,486)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gross
    profit (loss)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">47,425</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,377</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,550</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,353)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">64,988</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    (expenses)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">907</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,132)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,965)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,671)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(13)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,874)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Selling
    expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(22)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,841)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,979)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(76)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(13)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,931)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;General
    and administrative expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(46)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(275)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(62)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(949)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,332)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Exploration
    costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(887)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(887)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Research
    and development expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(678)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(103)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(792)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Other
    taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(79)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(31)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(44)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(285)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(439)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Impairment
    (losses) reversals</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,218)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(97)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,315)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Other
    income and expenses, net</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,837</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(882)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">124</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,257)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,822</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    (loss) before net finance income (expense), results of equity-accounted investments and income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">48,332</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,245</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,585</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,682)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,366)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">57,114</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Net
    finance expense</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,840)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,840)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Results
    of equity-accounted investments</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">170</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">83</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">251</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    income / (loss) before income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">48,502</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,248</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,668</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6,527)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,366)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">53,525</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Income
    taxes</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(16,433)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,822)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(540)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,559</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">466</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(16,770)</FONT></TD></TR>
  <TR STYLE="background-color: whitesmoke">
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    income (loss) for the year</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>32,069</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,426</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,128</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2,968)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(900)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>36,755</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Attributable
    to:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Shareholders
    of Petrobras</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">32,073</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,426</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,038</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,014)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(900)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36,623</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-controlling
    interests</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">90</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">46</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">132</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 23 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021
    - Reclassified</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 42%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Exploration
    and Production (E&amp;P)</B></FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Refining,
    Transportation &amp; Marketing (RT&amp;M)</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Gas</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&amp;</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Power
    (G&amp;P)</B></FONT></P></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Corporate
    and other businesses</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Eliminations</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    revenues</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">55,584</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">74,524</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12,051</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">504</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(58,697)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">83,966</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;&nbsp;&nbsp;Intersegments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">54,479</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,416</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,564</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">238</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(58,697)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;&nbsp;&nbsp;Third
    parties</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,105</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">73,108</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,487</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">266</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">83,966</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost
    of sales</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(23,673)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(65,620)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,494)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(503)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">56,126</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(43,164)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gross
    profit (loss)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31,911</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,904</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,557</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,571)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">40,802</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    (expenses)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,240</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,805)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,890)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,741)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(22)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,218)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Selling
    expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,539)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,668)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(22)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,229)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;General
    and administrative expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(152)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(245)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(73)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(706)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,176)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Exploration
    costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(687)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(687)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Research
    and development expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(415)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(25)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(112)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(563)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Other
    taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(192)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(122)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(38)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(54)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(406)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Impairment
    (losses) reversals</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,107</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">289</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(208)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,190</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Other
    income and expenses, net</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,579</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(177)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">122</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(871)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">653</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    (loss) before net finance income (expense), results of equity-accounted investments and income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">35,151</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,099</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(333)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,740)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,593)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37,584</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Net
    finance expense</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10,966)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10,966)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Results
    of equity-accounted investments</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">119</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">941</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">98</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">449</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,607</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    income / (loss) before income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">35,270</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,040</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(235)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12,257)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,593)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">28,225</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Income
    taxes</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11,949)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,415)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">113</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,129</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">883</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8,239)</FONT></TD></TR>
  <TR STYLE="background-color: whitesmoke">
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    income (loss) for the year</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23,321</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,625</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(122)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(7,128)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,710)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>19,986</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Attributable
    to:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Shareholders
    of Petrobras</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23,324</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,625</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(219)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,145)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,710)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19,875</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-controlling
    interests</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">97</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">111</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 24 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020
    - Reclassified</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 42%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Exploration
    and Production (E&amp;P)</B></FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Refining,
    Transportation &amp; Marketing (RT&amp;M)</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Gas</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&amp;</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Power
    (G&amp;P)</B></FONT></P></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Corporate
    and other businesses</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Eliminations</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    revenues</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">34,395</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">47,782</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,725</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">876</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(37,095)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">53,683</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;&nbsp;&nbsp;Intersegments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33,524</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">865</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,455</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">251</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(37,095)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;&nbsp;&nbsp;Third
    parties</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">871</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">46,917</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,270</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">625</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">53,683</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost
    of sales</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(18,098)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(44,011)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,985)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(832)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37,731</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(29,195)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gross
    profit (loss)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16,297</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,771</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,740</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">44</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">636</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24,488</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    (expenses)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,187)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,895)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,575)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">256</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(24)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14,425)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Selling
    expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,522)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,318)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(20)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(24)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,884)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;General
    and administrative expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(155)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(271)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(85)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(579)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,090)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Exploration
    costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(803)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(803)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Research
    and development expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(232)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(102)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(355)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Other
    taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(478)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(137)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(31)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(306)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(952)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Impairment
    (losses) reversals</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,364)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">164</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(175)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,339)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Other
    income and expenses, net</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(155)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(118)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(167)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,438</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">998</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    (loss) before net finance income (expense), results of equity-accounted investments and income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,110</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">876</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,165</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">300</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">612</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,063</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Net
    finance expense</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,630)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,630)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Results
    of equity-accounted investments</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(181)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(437)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">128</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(169)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(659)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    income / (loss) before income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,929</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">439</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,293</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,499)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">612</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(226)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;Income
    taxes</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,418)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(298)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(397)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,495</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(208)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,174</FONT></TD></TR>
  <TR STYLE="background-color: whitesmoke">
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    income (loss) for the year</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,511</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">141</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">896</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,004)</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">404</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">948</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Attributable
    to:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Shareholders
    of Petrobras</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,515</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">175</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">823</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,776)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">404</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,141</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-controlling
    interests</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(34)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">73</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(228)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(193)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
amount of depreciation, depletion and amortization by segment is set forth as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; width: 46%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Exploration
    and Production (E&amp;P)</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Refining,
    Transportation &amp; Marketing (RT&amp;M)</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Gas</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&amp;</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Power
    (G&amp;P)</B></FONT></P></TD>
    <TD ROWSPAN="3" STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Corporate
    and other businesses</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2022</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,415</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,248</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">448</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">107</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13,218</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2021</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,005</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,167</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">430</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">93</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,695</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2020</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,661</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,114</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">473</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">197</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,445</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 25 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>12.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Assets
                                            by operating segment</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F4F4F4">
    <TD STYLE="width: 46%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Exploration
    and Production (E&amp;P)</B></FONT></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Refining,
    Transportation &amp; Marketing (RT&amp;M)</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Gas</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&amp;</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Power
    (G&amp;P)</B></FONT></P></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Corporate
    and other business</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Elimina-tions</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    assets by operating segment - 12.31.2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    assets</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,224</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12,035</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">391</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18,864</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,264)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31,250</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current
    assets</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">111,110</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22,396</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,193</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15,242</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">155,941</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Long-term
    receivables</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,351</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,811</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">94</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12,964</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21,220</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Investments</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">379</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">977</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">173</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,566</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Property,
    plant and equipment</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">101,875</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19,496</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,851</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,947</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">130,169</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Operating
    assets</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">92,087</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16,851</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,808</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,585</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">115,331</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Under
    construction</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,788</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,645</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,043</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">362</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,838</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Intangible
    assets</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,505</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">112</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">75</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">294</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,986</FONT></TD></TR>
  <TR STYLE="background-color: #F4F4F4">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Assets</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>116,334</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>34,431</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,584</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>34,106</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(5,264)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>187,191</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    assets by operating segment - 12.31.2021 - Reclassified</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    assets</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,770</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,632</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,256</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19,922</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,431)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30,149</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current
    assets</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">105,705</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20,974</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,524</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,996</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">144,199</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Long-term
    receivables</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,635</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,489</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">95</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,115</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,334</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Investments</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">393</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">970</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">119</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">28</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,510</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Property,
    plant and equipment</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">99,033</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18,419</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,241</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,637</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">125,330</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Operating
    assets</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">87,210</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16,086</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,739</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,373</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">108,408</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Under
    construction</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,823</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,333</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,502</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">264</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16,922</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Intangible
    assets</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,644</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">96</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">69</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">216</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,025</FONT></TD></TR>
  <TR STYLE="background-color: #F4F4F4">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Assets</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>109,475</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>30,606</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,780</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>30,918</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(4,431)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>174,348</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for operating segments</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
information related to the Company&rsquo;s operating segments is prepared based on available financial information directly attributable
to each segment, or items that can be allocated to each segment on a reasonable basis. This information is presented by business activity,
as used by the Company&rsquo;s Board of Executive Officers (Chief Operating Decision Maker &ndash; CODM) in the decision-making process
of resource allocation and performance evaluation.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
measurement of segment results includes transactions carried out with third parties, including associates and joint ventures, as well
as transactions between operating segments. Transfers between operating segments are recognized at internal transfer prices derived from
methodologies that considers market parameters and are eliminated only to provide reconciliations to the consolidated financial statements.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company's business segments disclosed separately are:</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Exploration
and Production (E&amp;P):</B> this segment covers the activities of exploration, development and production of crude oil, NGL (natural
gas liquid) and natural gas in Brazil and abroad, for the primary purpose of supplying its domestic refineries. The E&amp;P segment also
operates through partnerships with other companies and includes holding interest in foreign entities operating in this segment.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
an energy Company with a focus on oil and gas, intersegment sales revenue refers mainly to oil transfers to the Refining, Transportation
and Marketing segment, aiming to supply the Company's refineries and meet the domestic demand for oil products. These transactions are
measured by internal transfer prices based on international oil prices and their respective exchange rate impacts, taking into account
the specific characteristics of the transferred oil stream.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
addition, the E&amp;P segment revenues include transfers of natural gas to the natural gas processing plants within Gas and Power segment.
These transactions are measured at internal transfer prices based on the international prices of this commodity.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Revenue
from sales to third parties mainly reflects services rendered relating to E&amp;P activities, sales of the E&amp;P&rsquo;s natural gas
processing plants, as well as the oil and natural gas operations carried out by subsidiaries abroad.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Refining,
Transportation and Marketing (RT&amp;M):</B> this segment covers the refining, logistics, transport and trading of crude oil and oil
products activities in Brazil and abroad, as well as exports of ethanol. This segment also includes the petrochemical operations, such
as extraction and processing of shale and holding interests in petrochemical companies in Brazil.</FONT></P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This
segment carries out the acquisition of crude oil from the E&amp;P segment, imports oil for refinery slate, and acquires oil products
in international markets taking advantage of the existing price differentials between the cost of processing domestic oil and that of
importing oil products.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Intersegment
revenues primarily reflect the sale of oil products to the distribution business at market prices and the operations for the Gas and
Power and E&amp;P segments at internal transfer price.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Revenues
from sales to third parties primarily reflect the trading of oil products in Brazil and the export and trade of oil and oil products
by foreign subsidiaries.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Gas
and Power (G&amp;P):</B> this segment covers the activities of logistic and trading of natural gas and electricity, transportation and
trading of LNG (liquefied natural gas), generation and electricity by means of thermoelectric power plants, as well as holding interests
in transporters and distributors of natural gas in Brazil and abroad. It also includes natural gas processing and fertilizers production.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Intersegment
revenues primarily reflect the transfers of natural gas processed, liquefied petroleum gas (LPG) and NGL to the RT&amp;M segment. These
transactions are measured at internal transfer prices.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This
segment purchases national natural gas from the E&amp;P segment, from partners and third parties, imports natural gas from Bolivia and
LNG to meet national demand.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Revenues
from sales to third parties primarily reflect natural gas processed to distributors, as well as generation and trading of electricity.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Corporate
and other businesses:</B> comprise items that cannot be attributed to business segments, including those with corporate characteristics,
in addition to distribution and biofuels businesses. Corporate items mainly include those related to corporate financial management,
overhead related to central administration and other expenses, including actuarial expenses related to pension and health plans for beneficiaries.
Other businesses include the distribution of oil products abroad (South America) and the production of biodiesel and its co-products.
In 2021 and 2020, the results of other businesses included the equity interest in the associate Vibra Energia, formerly Petrobras Distribuidora,
until the date of sale of the remaining interest in this associate, which took place in July 2021.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 13pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><A NAME="a_018"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>13.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Trade
                                            and other receivables</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>13.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Trade
                                            and other receivables</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Receivables
    from contracts with customers </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Third
    parties </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,210</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,839</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Related
    parties</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Investees
    (note 35.1)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">93</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">385</FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Subtotal</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,303</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,224</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    trade&nbsp;&nbsp;receivables </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Third
    parties </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Receivables
    from divestments (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,922</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,679</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Lease
    receivables </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">394</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">435</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    receivables</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">765</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">872</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Related
    parties</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 20pt; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petroleum
    and alcohol accounts - receivables from Brazilian Federal Government</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">602</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">506</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Subtotal</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,683</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,492</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    trade and other receivables, before ECL</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,986</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,716</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Expected
    credit losses (ECL) - Third parties </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,533)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,428)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Expected
    credit losses (ECL) - Related parties</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(20)</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    trade and other receivables</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,450</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,268</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,010</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,368</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,440</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,900</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    At December 31, 2022, it mainly refers to the receivables from the divestments&nbsp;&nbsp;of Atapu, S&eacute;pia, Carm&oacute;polis,
    Roncador, Maromba, Miranga, Ba&uacute;na, Pampo e Enchova, Breitener, Rio Ventura e Cricar&eacute;. In 2021, it mainly refers to
    receivables (including interest, exchange rate variation and inflation indexation) from the divestment in Nova Transportadora do
    Sudeste (NTS), of Block BM-S-8 in the Bacalhau field (former Carcar&aacute; group), in addition to the values referring to Rio Ventura,
    Roncador, Pampo Enchova, Ba&uacute;na and Miranga fields.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Trade
and other receivables are generally classified as measured at amortized cost, except for receivables with final prices linked to changes
in commodity price after their transfer of control, which are classified as measured at fair value through profit or loss, amounting
to US$&nbsp;470 as of December 31, 2022 (US$ 1,155 as of December 31, 2021).</FONT></P>


<!-- Field: Page; Sequence: 27 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company expects to receive the amounts of Petroleum and Alcohol Accounts between 2023 and 2027, according to the constitutional amendments
of December 2021, which established limits for disbursements by the Federal Government in each fiscal year.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>13.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Aging
                                            of trade and other receivables &ndash; third parties</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 52%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Trade
    and other receivables</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Expected
    credit losses</B></FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Trade
    and other receivables</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Expected
    credit losses</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,474</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(39)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,059</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(77)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Overdue:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1-90
    days </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">189</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(48)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">218</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">91-180
    days </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(27)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">40</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">181-365
    days </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">63</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(51)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">51</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(29)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">More
    than 365 days </FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,535</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,368)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,457</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,290)</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,291</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,533)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,825</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,428)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>13.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Changes
                                            in provision for expected credit losses</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>31.12.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>31.12.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Opening
    balance</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,448</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,596</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Additions</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">136</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">69</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Write-offs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(21)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(40)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Reversals</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(81)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(112)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfer
    of assets held for sale</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">54</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(57)</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Closing
    balance</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,536</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,448</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">245</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">158</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,291</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,290</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for trade and other receivables</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Trade
and other receivables are generally classified at amortized cost, except for certain receivables classified at fair value through profit
or loss, whose cash flows are distinct from the receipt of principal and interest, including receivables with final prices linked to
changes in commodity price after their transfer of control.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">When
the Company is the lessor in a finance lease, a receivable is recognized at the amount of the net investment in the lease, consisting
of the lease payments receivable and any unguaranteed residual value accruing to the Company, discounted at the interest rate implicit
in the lease.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company measures expected credit losses (ECL) for short-term trade receivables using a provision matrix which is based on historical
observed default rates adjusted by current and forward-looking information when applicable and available without undue cost or effort.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ECL
is the weighted average of historical credit losses with the respective default risks, which may occur according to the weightings. The
credit loss on a financial asset is measured by the difference between all contractual cash flows due to the Company and all cash flows
the Company expects to receive, discounted at the original effective interest rate.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company measures the allowance for ECL of other trade receivables based on their 12-month expected credit losses unless their credit
risk increases significantly since their initial recognition, in which case the allowance is based on their lifetime ECL.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">When
determining whether there has been a significant increase in credit risk, the Company compares the risk of default on initial recognition
and at the reporting date.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Regardless
of the assessment of significant increase in credit risk, a delinquency period of 30 days past due triggers the definition of significant
increase in credit risk on a financial asset, unless otherwise demonstrated by reasonable and supportable information.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company assumes that the credit risk on the trade receivable has not increased significantly since initial recognition if the receivable
is considered to have low credit risk at the reporting date. Low credit risk is determined based on external credit ratings or internal
methodologies.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
the absence of controversy or other issues that may result in the suspension of collection, the Company assumes that a default occurs
whenever the counterparty does not comply with the legal obligation to pay its debts when due or, depending on the instrument, when it
is at least 90 days past due.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><A NAME="a_019"></A><B>14.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Inventories</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Crude
    oil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,738</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,048</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Oil
    products</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,278</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,495</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Intermediate
    products</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">587</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">532</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Natural
    gas and Liquefied Natural Gas (LNG)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">135</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">349</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Biofuels</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Fertilizers</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Total
    products</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,756</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,451</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Materials,
    supplies and others</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,023</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">804</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,779</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,255</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Crude
oil and LNG inventories can be traded or used for production of oil products.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Intermediate
products are those product streams that have been through at least one of the refining processes, but still need further treatment, processing
or converting to be available for sale.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Biofuels
mainly include ethanol and biodiesel inventories.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Materials,
supplies and others mainly comprise production supplies and operating materials used in the operations of the Company, stated at the
average purchase cost, not exceeding replacement cost.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
the year ended December 31, 2022, the Company recognized a US$&nbsp;11 loss within cost of sales, adjusting inventories to net realizable
value (a US$&nbsp;1 reversal of cost of sales in the year ended December 31, 2021) primarily due to changes in international prices of
crude oil and oil products.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">At
December 31, 2022, the Company had pledged crude oil and oil products volumes as collateral for the Term of Financial Commitment (TFC)
related to plans PPSP-R, PPSP-R Pre-70 and PPSP-NR Pre-70 signed by Petrobras and Petros Foundation in 2008, in the estimated amount
of US$&nbsp;1,082, after deducting the partial early settlement of the TFC relating to the Pension Difference and TFC Pre-70, made in
February 2022, meeting the contractual conditions of the debt coverage as stated in the TCF.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for inventories</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Inventories
are determined by the weighted average cost method adjusted to the net realizable value when it is lower than its carrying amount.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Net
realizable value is the estimated selling price of inventory in the ordinary course of business, less estimated cost of completion and
estimated expenses to complete its sale, considering the purpose for which the inventories are held. Inventories with identifiable sales
contracts have a net realizable value based on the contracted price, as, for example, in offshore operations (without physical tanking,
with loading onto the ship and direct unloading at the customer) or auctions. Other items in inventory have a net realizable value based
on general selling prices, considering the most reliable evidence available at the time of the estimate.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
net realizable value of inventories is determined by grouping similar items with the same characteristic or purpose. Changes in sales
prices after the reporting date of the financial statements are considered in the calculation of the net realizable value if they confirm
the conditions existing on that reporting date.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_020"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>15.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Trade
                                            payables</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Third
    parties in Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,497</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,556</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Third
    parties abroad</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,935</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,861</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Related
    parties</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">32</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">66</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    in current liabilities</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,464</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,483</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Forfaiting</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company has a program to encourage the development of the oil and gas production chain called &ldquo;<I>Mais Valor&rdquo; </I>(More Value),
operated by a partner company on a 100% digital platform.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">By
using this platform, the suppliers who want to anticipate their receivables may launch a reverse auction, in which the winner is the
financial institution which offers the lowest discount rate. The financial institution becomes the creditor of invoices advanced by the
supplier, and Petrobras pays the invoices on the same date and under the conditions originally agreed with the supplier.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Invoices
are advanced in the &ldquo;<I>Mais Valor</I>&rdquo; program exclusively at the discretion of the suppliers and do not change the term,
prices and commercial conditions contracted by Petrobras with such suppliers, as well as it does not add financial charges to the Company,
therefore, the classification is maintained as Trade payables in Statements of Cash Flows (Cash flows from operating activities).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
of December 31, 2022, the amount due by the Company to the financial institutions relating to this program is US$&nbsp;130 (US$&nbsp;178
as of December 31, 2021) and has an average payment term of 24 days.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_021"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>16.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Taxes</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>16.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Income
                                            taxes </B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Current
    assets</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Current
    liabilities</B></FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Non-current
    liabilities</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 40%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Taxes
    in Brazil</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    taxes</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">160</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">133</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,505</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">682</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    taxes - Tax settlement programs </FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">43</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">302</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">300</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>160</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>133</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,555</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>725</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>302</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>300</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Taxes
    abroad</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">328</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>165</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>163</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,883</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>733</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>302</B></FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>300</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Income
taxes credits refer mainly to tax credits resulting from the monthly process for estimation and payment of income taxes, in addition
to the negative balance of IRPJ and CSLL related to 2017, 2018, 2019 and 2021. Income taxes within current liabilities refer to the current
portion of IRPJ and CSLL to be paid.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Tax
settlement programs amounts relate mainly to a&nbsp;notice of deficiency issued by the Brazilian Federal Revenue Service due to the treatment
of expenses arising from the Terms of Financial Commitment (TFC)&nbsp;as deductible in determining taxable profit for the calculation
of income taxes.<B>&nbsp;</B>The payment term is 145 monthly installments, indexed by the Selic interest rate, as of January 2018.</FONT></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Reconciliation
between statutory income tax rate and effective income tax rate</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
following table provides the reconciliation of Brazilian statutory tax rate to the Company&rsquo;s effective rate on income before income
taxes:</FONT></P>


<!-- Field: Page; Sequence: 30 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 67%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    income (loss) before income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">53,525</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">28,225</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(226)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Nominal
    income taxes computed based on Brazilian statutory corporate tax rates (34%)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(18,197)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,597)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">77</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Adjustments
    to arrive at the effective tax rate:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Tax
    benefits from the deduction of interest on capital distribution</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,234</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">843</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(16)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Different
    jurisdictional tax rates for companies abroad</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">822</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">296</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,874</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazilian
    income taxes on income of companies incorporated outside Brazil (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(763)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(546)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(743)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Tax
    incentives</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">187</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Tax
    loss carryforwards (unrecognized tax losses)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">221</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">59</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(428)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Post-employment
    benefits</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(394)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(802)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">559</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Results
    of equity-accounted investments in Brazil and abroad</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">87</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">318</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">49</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-incidence
    of income taxes on indexation (SELIC interest rate) of undue paid taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">903</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">237</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(189)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-top: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Income
    taxes</B></FONT></TD>
    <TD STYLE="border-top: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(16,770)</B></FONT></TD>
    <TD STYLE="border-top: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(8,239)</B></FONT></TD>
    <TD STYLE="border-top: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,174</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Deferred
    income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(906)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,058)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,743</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    income taxes</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15,864)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,181)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(569)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Effective
    tax rate of income taxes</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31.3%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29.2%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(519.5)%</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It relates to Brazilian income taxes on earnings of offshore investees, as established by Law No. 12,973/2014.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Deferred
income taxes - non-current</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
changes in the deferred income taxes are presented as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Opening
    balance</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(625)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6,256</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Recognized
    in the statement of income for the period </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(906)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,058)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Recognized
    in shareholders&rsquo; equity</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,220)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,555)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(45)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(133)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Use
    of tax loss carryforwards</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,123)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,172)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others
    </FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Closing
    balance</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(5,918)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(625)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
composition of deferred tax assets and liabilities is set out in the following table:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 45%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Nature</B></FONT></TD>
    <TD STYLE="width: 39%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Realization
    basis</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">PP&amp;E
    - Exploration and decommissioning costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    amortization and write-offs of assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">158</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,362)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">PP&amp;E
    - Impairment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Amortization,
    impairment reversals and write-offs of assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,602</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,382</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">PP&amp;E
    - depreciation methods and capitalized borrowing costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    amortization and write-offs of assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15,438)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12,924)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Loans,
    trade and other receivables / payables and financing</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Payments,
    receipts and considerations</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">810</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,490</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Lease
    liabilities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Appropriation
    of the considerations</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">434</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,244</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Provision
    for legal proceedings </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Payments
    and use of provisions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">885</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">605</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Tax
    loss carryforwards</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Taxable
    income compensation</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">914</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,827</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Inventories</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales,
    write-downs and losses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">333</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">228</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Employee
    Benefits</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Payments
    and use of provisions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,518</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,250</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">866</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">635</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(5,918)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(625)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Deferred
    tax assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">832</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">604</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Deferred
    tax liabilities</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6,750)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,229)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Non-incidence
of income taxes on indexation (SELIC interest rate) of undue paid taxes</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
September 24, 2021, the Supreme Federal Court (<I>Supremo Tribunal Federal</I> &ndash; STF), in a judgment of extraordinary appeal with
general repercussion, without final decision, decided that the incidence of income taxes (IRPJ and CSLL) on the indexation income from
applying SELIC interest rate (indexation charges and default interest) over undue paid taxes is unconstitutional.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company has a writ of mandamus in which it claims the right to recover the amounts of IRPJ and CSLL charged on the income arising from
the indexation of undue paid taxes and judicial deposits by the SELIC rate since March 2015, as well as the definitive removal of this
income from the IRPJ and CSLL tax base.</FONT></P>


<!-- Field: Page; Sequence: 31 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
October 20, 2021, a judicial decision was published in the writ of mandamus recognizing the right of the Company to the non-incidence
of income taxes on indexation by the SELIC rate of undue paid taxes.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Based
on the STF's decision, as well as on the legal grounds presented, Petrobras reassessed the expectation for this matter, considering that
it is probable that this tax treatment will be accepted.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Thus,
in 2021, a US$ 903 gain was recognized in the income statement, within income taxes.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Timing
of reversal of deferred income taxes</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Deferred
tax assets were recognized based on projections of taxable profit in future periods supported by the assumptions within the Company&rsquo;s
2023-2027 Strategic Plan, whose pillars are the preservation of financial strength, financial and environment resilience of projects,
and focus on value creation.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Management
considers that the deferred tax assets will be realized to the extent the deferred tax liabilities are reversed and expected taxable
events occur based on its 2023-2027 Strategic Plan.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
estimated schedule of recovery/reversal of net deferred tax assets (liabilities) as of December 31, 2022 is set out in the following
table:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Assets</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Liabilities</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2023</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">55</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(93)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2024</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">304</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2025</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,091</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2026</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,033</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2027</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(171)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2028&nbsp;&nbsp;and
    thereafter</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">695</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,586</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    deferred tax assets</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>832</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6,750</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
addition, the Company has tax loss carryforwards arising from offshore subsidiaries, for which no deferred taxes were recognized.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Assets</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Abroad</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">987</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,351</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Unrecognized
    deferred tax assets</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>987</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,352</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">These
unrecognized deferred tax assets arise mainly from oil and gas exploration and production and refining activities in the United States.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, the Company accounted for part of these tax assets (US$ 249) due to estimated future taxable income arising from business operations.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">An
aging of the unrecognized deferred tax assets from companies abroad is set out below:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 48%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2030
    - 2032</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2033
    - 2035</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2036
    -2038</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Undefined
    expiration</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unrecognized
    deferred tax assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">418</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">339</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">167</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">63</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">987</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Uncertain
tax treatments</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
of December 31, 2022, the Company had US$&nbsp;6,043 (US$ 4,983 as of December 31, 2021) of uncertain tax treatments for IRPJ and CSLL
related to judicial and administrative proceedings (see note 18.3). Additionally, as of December 31, 2022, the Company has other positions
that can be considered as uncertain tax treatments for IRPJ and CSLL amounting to US$&nbsp;30,020 (US$&nbsp;10,712 as of December 31,
2021), given the possibility of different interpretation by the tax authority. These uncertain tax treatments are supported by technical
assessments and tax risk assessment methodology. Therefore, Petrobras believes that such positions are likely to be accepted by the tax
authorities.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
February 8, 2023, the Brazilian Supreme Federal Court (STF), unanimously, considered that a final decision (<I>res judicata</I>) on taxes
collected on a continuous basis, loses its effects if this Court decides otherwise at a later time. The judgment was based on collections
of the income tax CSLL, a tax judged constitutional by the STF in 2007. This decision does not imply any impact on Petrobras.</FONT></P>


<!-- Field: Page; Sequence: 32 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for income taxes </U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company calculates income taxes in accordance with current legislation that are enacted or substantively enacted, based on the taxable
income calculated in accordance with relevant legislation, applying rates in effect at the end of the reporting. Income tax expense for
the period includes current and deferred taxes, recognized in the statement of income of the period, except when the tax arises from
a transaction or event which is recognized directly in equity.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Income
taxes expenses on profits arising from subsidiaries abroad are accounted for in the statement of income using the same income tax rates
as used in Brazil, adjusted by dividends and results of equity-accounted investments.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Current
                                            income taxes</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Current
income taxes are offset when they relate to income taxes levied on the same taxable entity and by the same tax authority, when there
is a legal right and the entity has the intention to set off current tax assets and current tax liabilities, simultaneously.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Uncertain
tax treatments are periodically assessed, considering the probability of acceptance by the tax authority.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Deferred
                                            income taxes</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Deferred
income taxes are generally recognized on temporary differences between the tax base of an asset or liability and its carrying amount.
They are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Deferred
tax assets are recognized for all deductible temporary differences and carryforward of unused tax losses or credits to the extent that
it is probable that taxable profit will be available against which those deductible temporary differences can be utilized. When there
are insufficient taxable temporary differences relating to the same taxation authority and the same taxable entity, a deferred tax is
recognized to the extent that it is probable that the entity will have sufficient taxable profit in future periods, based on projections
approved by management and supported by the Company&rsquo;s Strategic Plan.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Deferred
tax assets and deferred tax liabilities are offset when they relate to income taxes levied on the same taxable entity, when a legally
enforceable right to set off current tax assets and current tax liabilities exists and when the deferred tax assets and deferred tax
liabilities relate to taxes levied by the same tax authority on the same taxable entity.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>16.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Other
                                            taxes </B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Current
    assets</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Non-current
    assets</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Current
    liabilities</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Non-current
    liabilities (*)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 36%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Taxes
    in Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    / Non-current ICMS (VAT) </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">716</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">665</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">473</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">379</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">699</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">995</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    / Non-current PIS and COFINS (**)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">378</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">418</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,362</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,030</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">28</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">499</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">89</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">45</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Claim
    to recover PIS and COFINS</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">657</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">594</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">CIDE</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">42</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    taxes </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,996</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,147</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">114</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Withholding
    income taxes </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">149</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">86</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Tax
    Settlement Program</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">67</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">40</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">48</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">273</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">249</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">143</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">142</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">83</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">70</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Total
    in Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,135</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,137</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,765</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,252</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,029</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,978</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">293</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">142</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Taxes
    abroad</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">46</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    </B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,142</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,183</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,778</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,261</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,048</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,001</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>293</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>142</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    Other non-current taxes are classified as other non-current liabilities.</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(**)
    As of December 31, 2022,&nbsp;it includes US$ 5 (US$ 104 as of December 31, 2021) related to exclusion of ICMS (VAT tax) in the basis
    of calculation of sales taxes PIS and COFINS (contributions for the social security).</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Current
and non-current ICMS (VAT) credits arise from requests for extemporaneous and overpaid tax, offset in accordance with the legislation
of each state. They also arise on the acquisition of assets for property, plant and equipment, which are offset in a straight line over
4 years.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Current
and non-current PIS/COFINS credits mainly refer to the acquisition of goods and services for assets under construction, since their use
is permitted only after these assets enter into production, as well as to extemporaneous tax credits.</FONT></P>


<!-- Field: Page; Sequence: 33 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Production
taxes are financial compensation due to the Brazilian Federal Government by companies that explore and produce oil and natural gas in
Brazilian territory. They are composed of royalties, special participations, signature bonuses and payment for retention or occupation
of area.</FONT></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Claim
to recover PIS and COFINS</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company filed four civil lawsuits, in the Regional Federal Court of the Second Region, against the Brazilian Federal Government, claiming
to recover PIS and COFINS paid over finance income and foreign exchange variation gains, from February 1999 to January 2004.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
court granted to the Company, in all the lawsuits, the definitive right to recover those taxes. Two lawsuits have resulted in judicialized
debts (<I>precat&oacute;rios</I>) in the amounts claimed by the Company. Regarding the two remaining cases, both had rulings by the court
favorable to the Company and, in one of them, the Brazilian Federal Government has already expressed its agreement and there was a decision
in favor of the Company, still subject to appeal. Regarding the other lawsuit, there is no court decision at this point.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
of December 31, 2022, the Company had non-current receivables of US$&nbsp;657 (US$&nbsp;594 as of December 31, 2021) related to PIS and
COFINS, which are indexed to inflation.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><A NAME="a_022"></A><B>17.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Employee
                                            benefits</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Employee
benefits are all forms of consideration given by an entity in exchange for service rendered by employees or for the termination of employment.
It also includes expenses with directors and management. Such benefits include salaries, post-employment benefits, termination benefits
and other benefits.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F4F4F4">
    <TD STYLE="width: 78%; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Liabilities</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Short-term
    employee benefits</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,452</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,289</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Termination
    benefits</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">192</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">349</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Post-employment
    benefits</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,246</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,880</FONT></TD></TR>
  <TR STYLE="background-color: #F4F4F4">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>12,890</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,518</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,215</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,144</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,675</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,374</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>17.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Short-term
                                            employee benefits</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 78%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Variable
    compensation program - PPP</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">489</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">461</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accrued
    vacation</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">505</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">440</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Salaries
    and related charges and other provisions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">327</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">270</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Profit
    sharing </FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">131</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">118</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,452</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,289</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,421</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,286</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current
    (*)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: rgb(103,92,83)">(*)
    Remaining balance relating to the four-year deferral of 40% of the PPP portion of executive officers and the upper management</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company recognized the following amounts in the statement of income:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 67%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Salaries,
    accrued vacations and related charges</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,006)</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,665)</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,064)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Variable
    compensation program - PPP (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(547)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(469)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(439)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Profit
    sharing (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(131)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(125)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Management
    fees and charges</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(3,698)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(3,274)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(3,524)</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It includes reversals of provisions related to previous year.</FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>17.1.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Variable
                                            compensation programs</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Performance
award program (PPP)</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
September 17, 2021, the Company&rsquo;s Board of Directors approved the pay-out criteria for granting PPP 2021 to employees. The PPP
2021 model established that, in order to trigger this payment, it is necessary to have net income for the year and a declaration and
payment of distribution to shareholders.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
December 15, 2021, the Company&rsquo;s Board of Directors approved the pay-out criteria for the program for 2022, maintaining the criteria
of the PPP 2021.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, the main changes related to the PPP were:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">payment
                                            of US$&nbsp;507 relating to the PPP provisioned in 2021;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">payment
                                            of US$&nbsp;85 relating to the PPP provisioned in 2022;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">provision
                                            of US$&nbsp;553 for the PPP related to 2022, accounted for within other income and expenses.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Profit
Sharing (PLR)</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
December 29, 2020, the 17 unions representing onshore employees of Petrobras had signed the agreement for the PLR for 2021 and 2022,
before the deadline determined by the Collective Labor Agreement (ACT). Among the offshore employees, only one union had signed the agreement
within the period defined by the ACT.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
current agreement for the PLR provides that only employees without managerial functions will be entitled to receive profit sharing with
individual limits according to their remuneration. In order for the PLR to be paid for 2021 and 2022, the following requirements must
be met: (i) dividend distribution to shareholders approved at the Annual General Shareholders Meeting, (ii) net income for the year,
and iii) achievement of the weighted average percentage of at least 80% of a set of indicators.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
maximum amount of PLR to be distributed is limited to 5% of Adjusted EBITDA (a non-GAAP measure defined as net income plus net finance
income (expense); income taxes; depreciation, depletion and amortization; results in equity-accounted investments; impairment of assets;
results on disposal/write-offs of assets, remeasurement of investment retained with loss of control and reclassification of CTA; and
results from co-participation agreements in bid areas), to 6.25% of net income and to 25% of dividends distributed to shareholders, in
each year, whichever is lower.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, the main changes related to the PLR were:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">payment
                                            of US$&nbsp;129 relating to the PLR provisioned in 2021;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">provision
                                            of US$&nbsp;132 for the PLR related to 2022, accounted for within other income and expenses.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for variable compensation programs (PPP and PLR)</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
provisions for variable compensation programs are recognized on an accrual basis, during the periods in which the employees provided
services. They represent the estimates of future disbursements arising from past events, based on the criteria and metrics of the PPP
and PLR, provided that the requirements for activating these programs are met and that the obligation can be reliably estimated.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>17.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Termination
                                            benefits</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Termination
benefits are employee benefits provided in exchange for the termination of labor contract as a result of either: i) the Company&rsquo;s
decision to terminate the labor contract before the employee&rsquo;s normal retirement date; or ii) an employee&rsquo;s decision to accept
an offer of benefits in exchange for the termination of their employment.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company has voluntary severance programs (PDV), specific for employees of the corporate segment and of divestment assets, which provide
for the same legal and indemnity advantages.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, the wholly-owned subsidiary Transpetro launched a new voluntary severance program for its offshore employees, whose enrollment
occurred between May 4, 2022 and July 14, 2022, and the deadline for the termination of employees was December 3, 2022.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
the current programs, there are 11,688 adhesions accumulated through December 31, 2022 (11,418 through December 31, 2021).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Changes
on the provisions for termination benefits are presented as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Opening
    Balance</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>349</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>900</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Effects
    in the statement of income</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Enrollments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revision
    of provisions</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(41)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Effects
    in cash and cash equivalents</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(199)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(497)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Terminations
    in the period</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(199)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(497)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(43)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Closing
    Balance</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>192</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>349</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">75</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">207</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">117</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">142</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Recognition
of the provision for expenses occur as employees enroll to the programs.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company disburse the severance payments in two installments, one at the time of termination and the remainder one year after the termination.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
of December 31, 2022, from the balance of US$&nbsp;192, US$&nbsp;22 refers to the second installment of 426 retired employees and US$&nbsp;170
refers to 1,651 employees enrolled in voluntary severance programs with expected termination by September 2025.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>17.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Post-employment
                                            benefits</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company maintains a health care plan for its employees in Brazil (active and retiree) and their dependents (Sa&uacute;de Petrobras),
and five other major plans of post-employment benefits (collectively referred to as &ldquo;pension plans&rdquo;).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
following table presents the balance of post-employment benefits:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F4F4F4">
    <TD STYLE="width: 74%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Liabilities</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Health
    Care Plan - Sa&uacute;de Petrobras</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,813</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,485</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Pension Plan - Renegotiated (PPSP-R)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,606</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,233</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Pension Plan - Non-renegotiated (PPSP-NR)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,041</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">658</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Pension Plan - Renegotiated - Pre-70 (PPSP-R Pre 70)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">284</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">817</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Pension Plan - Non-renegotiated - Pre-70 (PPSP-NR Pre 70)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">339</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">511</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    2 Pension Plan (PP-2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">163</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">165</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    plans</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD></TR>
  <TR STYLE="background-color: #F4F4F4">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,246</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,880</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">719</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">651</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,527</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,229</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>17.3.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Nature
                                            and risks associated with defined benefit plans</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Health
Care Plan</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
health care plan <I>Sa&uacute;de Petrobras</I> is managed by Petrobras Health Association (<I>Associa&ccedil;&atilde;o Petrobras de Sa&uacute;de
</I>&ndash; APS), a nonprofit civil association, and includes prevention and health care programs. The plan covers all employees and
retirees and is open to future employees.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Currently
sponsored by Petrobras, Transpetro, PBIO, TBG and Termobahia, this plan is primarily exposed to the risk of increase in medical costs
due to inflation, new technologies, new types of coverage and an increase in the utilization of medical benefits. The Company continuously
improves the quality of its technical and administrative processes, as well as the health programs offered to beneficiaries in order
to mitigate such risks.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Employees
and retirees make monthly fixed contributions to cover high-risk procedures and variable contributions for a portion of the cost of
other procedures, both based on the contribution tables of the plan, which are determined based on certain parameters, such as
salary and age levels. The plan also includes assistance towards the purchase of certain medicines through reimbursement, with
co-participation of employees and retirees.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Benefits
are paid by the Company based on the costs incurred by the participants. The financial participation of the Company and the beneficiaries
on the expenses are provided for in the Collective Bargaining Agreement (ACT), being 60% by the Company and 40% by the participants.</FONT></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Annual
revision of the health care plan</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">At
December 31, 2022, this obligation was revised using the actuarial assumptions in force, which results are shown in note 17.3.2.</FONT></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Pension
plans</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company&rsquo;s post-retirement plans are managed by Petros Foundation (<I>Funda&ccedil;&atilde;o Petrobras de Seguridade Social</I>),
a nonprofit legal entity governed by private law with administrative and financial autonomy.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pension
plans in Brazil are regulated by the National Council for Supplementary Pension (<I>Conselho Nacional de Previd&ecirc;ncia Complementar
</I>&ndash; CNPC), which establishes all guidelines and procedures to be adopted by the plans for their management and relationship with
stakeholders.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petros
Foundation periodically carries out revisions of the plans and, when applicable, establishes measures aiming at maintaining the financial
sustainability of the plans.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
major post-retirement pension benefits sponsored by the Company are:</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">.
Petros Plan - Renegotiated (PPSP-R)</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">.
Petros Plan - Renegotiated - Pre-70 (PPSP-R Pre-70)</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">.
Petros Plan - Non-renegotiated (PPSP-NR)</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">.
Petros Plan - Non-renegotiated - Pre-70 (PPSP-NR Pre-70)</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">.
Petros 2 Plan (PP-2)</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">.
Petros 3 Plan (PP-3)</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Currently,
PPSP-R, PPSP-NR, PPSP-R Pre-70, PPSP-NR Pre-70 and PP-3 are sponsored by Petrobras, and PP-2 by Petrobras, Transpetro, PBIO, TBG, Termobahia
and Termomaca&eacute;.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
PPSP-R and PPSP-NR were created in 2018 as a split of Petros Plan (PPSP) originally established by the Company in July 1970. On January
1, 2020, PPSP-R Pre-70 and PPSP-NR Pre-70 were created as a split of PPSP-R and PPSP-NR, respectively.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pension
plans supplement the income of their participants during retirement, in addition to guaranteeing a pension for the beneficiaries in case
of the death of a participant. The benefit consists of a monthly income supplementing the benefit granted by the Brazilian Social Security
Institute.</FONT></P>


<!-- Field: Page; Sequence: 37 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
table below provides other characteristics of these plans:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD ROWSPAN="2" STYLE="width: 20%; border: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 13%; border-top: #008542 1.5pt outset; border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #008542 1.5pt outset; border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R
    </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 13%; border-top: #008542 1.5pt outset; border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: #008542 1.5pt outset; border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR
    </B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 14%; border-top: #008542 1.5pt outset; border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PP-2</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="width: 13%; border-top: #008542 1.5pt outset; border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PP-3</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pre-70</B></FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pre-70</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; border-left: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Modality</B></FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Defined
    Benefit</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Defined
    Benefit</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Defined
    Benefit</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Defined
    Benefit</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Variable
    Contribution (defined benefit and defined contribution portions)</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Defined
    Contribution </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; border-left: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Participants
    of the plan</B></FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Generally
    covers employees and former employees who joined the company after 1970 that agreed with changes proposed by the Company in its original
    pension plan (P0) and amendments.</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Generally
                                            covers employees and former employees hired prior to July 1, 1970, who enrolled in the P0
                                            until January 1, 1996 and remained continuously linked to the original sponsor obtaining
                                            the condition of assisted.</FONT></P>
    <P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></P>
    <P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></P></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Generally
    covers employees and former employees who joined the company after 1970 that did not agree with changes proposed by the Company in
    its original pension plan (P0) and amendments</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Generally
    covers employees and former employees hired prior to July 1, 1970, who enrolled in the P0 until January 1, 1996 and remained continuously
    linked to the original sponsor obtaining the condition of assisted and did not agreed with changes in in its original pension plan
    (P0) and amendments.</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">This
    Plan was established in 2007, also covering employees and former employees that moved from other existing plans.</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">This
    plan was implemented in 2021, exclusive option for voluntary migration of employees and retirees from the PPSP-R and PPSP-NR plans.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; border-left: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>New
    enrollments</B></FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Closed</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Closed</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Closed</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Closed</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Open</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Closed</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; border-left: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Retirement
    payments </B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Lifetime
    monthly payments supplementing the benefit granted by the Brazilian National Institute of Social Security.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Lifetime
    defined benefit monthly payments or non- defined benefit monthly payments in accordance with the participant's election.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Undefined
    benefit with monthly payments, in accordance with the participant election.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; border-left: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Other
    general benefits</B></FONT></TD>
    <TD COLSPAN="5" STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Lump
    sum death benefit (insured capital) and monthly payments related to the following events: death, disability, sickness, and seclusion.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Lump
    sum death benefit (insured capital) and monthly payments related to the following events: death, disability, sickness, and seclusion.</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="vertical-align: top; border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; border-left: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Indexation
    of Retirement payments by the plan</B></FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Based
    on the Nationwide Consumer Price Index.</FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Based
    on the current index levels applicable to active employees&rsquo; salaries and the indexes set out by the Brazilian National Institute
    of Social Security.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Lifetime
    monthly payments: based on the Nationwide Consumer Price Index</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Undefined
    benefit monthly payments: based on the variation of individual account quota.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Undefined
    benefit monthly payments: based on the variation of individual account quota.</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="vertical-align: top; border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; border-left: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Parity
    contributions made by participants and the Company to the plans </B></FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">It
    is comprised of: </FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">It
    is comprised of: </FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">It
    is comprised of: </FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">It
    is comprised of:</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">It
    is comprised of: </FONT></TD>
    <TD ROWSPAN="3" STYLE="vertical-align: top; border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Regular
    contributions during the employment relationship, saving for the undefined benefit, accumulated in individual accounts</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">i)
    normal contributions that covers expected cost of the plans in the long term; and</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">normal
    contributions that covers expected cost of the plans in the long term.</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">i)
    normal contributions that covers expected cost of the plans in the long term; and </FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">normal
    contributions that covers expected cost of the plans in the long term.</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">i)
    normal contributions that covers expected cost of the plans in the long term; and</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">ii)
    extraordinary contributions that covers additional costs that are generally derived from actuarial deficits.</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Participants
    are exempt from paying any extraordinary contributions in case of deficit until the settlement of the TFC.</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">ii)
    extraordinary contributions that covers additional costs that are generally derived from actuarial deficits.</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Participants
    are exempt from paying any extraordinary contributions in case of deficit until the settlement of the TFC.</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">ii)
    extraordinary contributions that covers additional costs that are generally derived from actuarial deficits (these contributions
    are not currently being made but may occur in the future).</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="2" STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; border-left: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Terms
    of Financial Commitment - TFC (debt agreements) assumed by the Company to settle the deficits. Amounts to be paid to Petros Foundation
    (*).</B></FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Financial
    obligations with a principal amounting to US$132 at 12/31/2022.</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Financial
    obligations with a principal amounting to US$304 at 12/31/2022.</FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Financial
    obligations settled early in 2021. </FONT></TD>
    <TD STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Financial
    obligations with a principal amounting to US$202 at 12/31/2022.</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">N/A</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-right: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Annually
    remeasured in accordance with actuarial assumptions, with semi-annual payment of interest based on the updated balance and maturing
    in 2028.</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(*)
    This obligation is recorded in these financial statements, within actuarial liabilities.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Debt
Assumption Instrument relating to Deficit Settlement Plan 2015 (PED 2015)</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
October 18, 2022, the Company assumed its commitment for the payment of extraordinary sponsor&rsquo;s contributions in the scope of PED
2015, implemented in 2017, together with the PPSP-R and the PPSP-NR. These contributions were not previously made due to court injunctions.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
amount owed by Petrobras is US$&nbsp;214 (R$ 1,114 million) and refers to amounts not charged from July 2020 to December 2021. The Company
paid US$&nbsp;44 on October 28, 2022, and the remaining balance will be paid according to the payroll in return for the collection of
the portion of participants and assisted.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
effects of this plan have already been recognized in the financial statements in the years in which they were implemented.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
December 31, 2022, the balance of this instrument, recorded within actuarial liabilities, is US$&nbsp;168.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Deficit
Settlement Plan 2021 referring to the PPSP-R plan</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
November 10, 2022, Petros' Foundation Deliberative Council approved a plan to settle the deficit registered by the PPSP-R in 2021, being
assessed by the Company's Board of Directors on November 30, 2022 and submitted to Secretariat of Management and Governance of the State-owned
Companies (SEST).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">If
there is a favorable decision from this council, this settlement should be implemented by Petros, with extraordinary contributions expected
to begin in April 2023, in addition to the other existing contributions.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
deficit of the plan for 2021 was due to the effects of the economic situation over the fixed income market, mainly due to government
bonds marked to market, which experienced price fluctuations.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">According
to relevant regulation, this deficit, amounting to US$&nbsp;1,485 as of December 31, 2021 (US$ 1,632 monetarily restated as of December
31, 2022) must be settled in a parity basis: 50% by sponsors (Petrobras, Vibra Energia e Petros) and 50% by participants, of which US$
769 will be paid by Petrobras, during the lifetime of the plan.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
disbursement by the sponsors will decrease over the life of the deficit settlement plan. For 2023, is estimated a US$&nbsp;57 disbursement
for Petrobras.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
actuarial liability of the PPSP-R plan and the effects of the implementation of these contributions are reflected in note 17.3.2.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This
settlement is a legal obligation as provided for in CNPC Resolution No. 30/2018, to ensure the financial sustainability of a pension
plan.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Annual
revision of the pension plans</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">At
December 31, 2022, this obligation was revised using the actuarial assumptions in force, which results are shown in note 17.3.2.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>17.3.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Net
                                            actuarial liabilities and expenses, and fair value of plans assets</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Changes
                                            in the actuarial liabilities recognized in the statement of financial position </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Net
actuarial liabilities represent the obligations of the Company, net of the fair value of plan assets (when applicable), at present value.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
information on actuarial assumptions used to determine the defined benefit obligation, see the table in Note 17.3.6.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Changes
in the actuarial liabilities related to pension and healthcare plans with defined benefit characteristics is presented as follows:</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 46%; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pension
    Plans</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Health
    Care Plan</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Other&nbsp;plans</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R
    (*)</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(242,242,242) 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR
    (*)</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(242,242,242) 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Petros
    2</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(242,242,242) 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Sa&uacute;de
    Petrobras</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Amounts
    recognized in the Statement of Financial Position</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Present
    value of obligations</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12,771</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,119</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,102</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,813</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23,805</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(
    -) Fair value of plan assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8,881)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,739)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(939)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12,559)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    actuarial liability as of December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,890</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,380</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>163</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,813</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,246</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Changes
    in the net actuarial liability</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    as of January 1, 2022 (**)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,050</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,169</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>165</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,485</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,880</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in the Statement of Income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>457</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>129</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>33</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>609</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,228</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    service cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">105</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">129</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    interest</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">447</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">128</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">504</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,099</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in Equity - other comprehensive income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>420</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>417</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(45)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>791</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,583</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement
    effects recognized in other comprehensive income</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">420</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">417</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(45)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">791</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,583</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Cash
    effects</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,325)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(421)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(384)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2,130)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Contributions
    paid</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(304)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(94)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(384)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(782)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Payments
    related to Term of financial commitment (TFC)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,021)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(327)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,348)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Other
    changes</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>288</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>86</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>312</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(11)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>685</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    Adjustment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">288</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">86</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">311</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">694</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,890</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,380</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>163</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,813</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,246</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">'(*)
    It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(**)
    It includes the payment of US$ 1,324 of a portion of the TFC made on February 25, 2022.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 40 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 46%; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pension
    Plans</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Health
    Care Plan</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Other</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>plans</B></FONT></P></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R
    (*)</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR
    (*)</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Petros
    2</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Sa&uacute;de
    Petrobras</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Amounts
    recognized in the Statement of Financial Position</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Present
    value of obligations</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,481</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,485</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">987</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,485</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20,447</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(
    -) Fair value of plan assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,431)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,316)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(822)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10,567)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    actuarial liability as of December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,050</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,169</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>165</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,485</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,880</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Changes
    in the net actuarial liability</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    as of January 1, 2021 (**)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,524</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,696</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>477</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,356</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>16</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>16,069</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in the Statement of Income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>469</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>178</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>72</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,388</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(9)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,098</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Past
    service cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">845</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">844</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Present
    value of obligation</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(730)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(33)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">845</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">82</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Plan
    assets transferred to PP-3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">496</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">518</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sponsor
    contribution for PP-3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">233</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">244</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    service cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">158</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">199</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    interest</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">438</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">172</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">35</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">385</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,031</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in Equity - other comprehensive income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2,223)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(989)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(362)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,601)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(5,169)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement
    effects recognized in other comprehensive income</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,223)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(989)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(362)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,601)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,169)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Cash
    effects</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,339)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(591)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(309)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2,239)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Contributions
    paid (***)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(475)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(86)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(309)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(870)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Payments
    of obligations with contribution for the revision of the lump sum death benefit</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(340)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(101)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(441)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Payments
    related to Term of financial commitment (TFC)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(524)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(404)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(928)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Other
    changes</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(381)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(125)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(22)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(349)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(879)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    Adjustment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(381)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(125)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(22)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(349)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(879)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    of actuarial liability as of December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,050</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,169</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>165</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,485</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,880</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(**)
    It includes obligations with contribution for the revision of the lump sum death benefit.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(***)
    It includes the contribution for the migration to PP-3 (US$ 241).</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Changes
                                            in present value of the obligation </B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 46%; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pension
    Plans</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Health
    Care Plan</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Other</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>plans</B></FONT></P></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R
    (*)</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR
    (*)</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Petros
    2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Sa&uacute;de
    Petrobras</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Present
    value of obligations at the beginning of the year</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,481</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,485</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>987</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,485</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>20,447</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in the Statement of Income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,277</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>382</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>129</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>609</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,397</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Interest
    expense</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,267</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">381</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">116</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">504</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,268</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Service
    cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">105</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">129</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in Equity - other comprehensive income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>281</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>380</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(6)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>791</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,446</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement:
    Experience (gains) / losses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,367</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">687</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">95</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(277)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,872</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement:
    (gains) / losses - demographic assumptions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(25)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement:
    (gains) / losses - financial assumptions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,086)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(311)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(107)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,093</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(411)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Others</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(268)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(128)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(8)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(72)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(9)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(485)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Benefits
    paid, net of assisted contributions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,088)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(379)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(72)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(384)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,923)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Contributions
    paid by participants</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    Adjustment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">797</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">245</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">63</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">312</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,417</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Present
    value of obligations at the end of the year</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>12,771</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,119</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,102</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,813</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23,805</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 41 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 46%; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pension
    Plans</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Health
    Care Plan</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Other</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>plans</B></FONT></P></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R
    (*)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR
    (*)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Petros
    2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Sa&uacute;de
    Petrobras</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Present
    value of obligations at the beginning of the year</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>15,847</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,811</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,177</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,356</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>26</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>27,217</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in the Statement of Income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,178</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>355</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>122</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,388</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(8)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,035</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Interest
    expense</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,166</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">354</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">85</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">385</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,992</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Service
    cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">158</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">199</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Past
    service cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">845</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">844</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in Equity - other comprehensive income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2,969)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,041)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(168)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,601)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(7)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(5,786)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement:
    Experience (gains) / losses </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(313)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(301)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">315</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(239)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(546)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement:
    (gains) / losses - demographic assumptions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">96</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">91</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement:
    (gains) / losses - financial assumptions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,656)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(740)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(478)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,458)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,331)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Others</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2,575)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(640)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(144)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(658)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(4,019)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Benefits
    paid, net of assisted contributions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(952)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(319)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(65)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(309)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,645)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Contributions
    paid by participants</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfer
    and contribution for PP-3 </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(680)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(31)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(711)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    Adjustment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(969)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(297)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(79)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(349)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,696)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Present
    value of obligations at the end of the year</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,481</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,485</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>987</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,485</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>20,447</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.</FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Changes
                                            in the fair value of plan assets </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras
has four pension plans (PPSP-R, PPSP-NR, PPSP-R Pre-70) which are currently making use of plan assets, and one plan (PP-2) in which most
of participants are in the phase of accumulating funds.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Therefore,
changes to the fair value of plan assets reflect these effects, including inflows of contributions, outflows of funds for payment of
benefits, and the return of these assets.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 46%; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pension
    Plans</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Health
    Care Plan</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Other</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>plans</B></FONT></P></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R
    (*)</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR
    (*)</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Petros
    2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Sa&uacute;de
    Petrobras</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Fair
    value of plan assets at the beginning of the year</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,431</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,316</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>822</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,567</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in the Statement of Income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>820</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>253</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>96</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,169</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Interest
    income</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">820</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">253</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">96</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,169</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in Equity - other comprehensive income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(139)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(37)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>39</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(137)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement:
    Higher/(lower) return on plan assets compared to discount rate</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(139)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(37)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">39</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(137)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Cash
    effects</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,325</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>421</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>384</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,130</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Contributions
    paid by the sponsor (Company)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">304</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">94</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">384</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">782</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Term
    of financial commitment (TFC) paid by the Company</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,021</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">327</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,348</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Other
    Changes</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(556)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(214)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(18)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(384)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,170)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Contributions
    paid by participants</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Benefits
    paid, net of assisted contributions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,088)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(379)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(72)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(384)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,923)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    Adjustment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">509</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">159</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">54</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">722</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Fair
    value of plan assets at the end of the year</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,881</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,739</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>939</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>12,559</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(*)
    It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 42 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 46%; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pension
    Plans</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Health
    Care Plan</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Other</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>plans</B></FONT></P></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R
    (*)</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR
    (*)</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Petros
    2</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Sa&uacute;de
    Petrobras</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Fair
    value of plan assets at the beginning of the year</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,650</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,213</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>700</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>12</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,575</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in the Statement of Income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>728</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>182</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>50</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>961</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Interest
    income</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">728</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">182</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">961</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in Equity - other comprehensive income</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(746)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(52)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>194</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(13)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(617)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement:
    Higher/(lower) return on plan assets compared to discount rate</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(746)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(52)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">194</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(13)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(617)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Cash
    effects</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>999</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>490</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>309</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,798</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Contributions
    paid by the sponsor (Company)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">475</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">86</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">309</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">870</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Term
    of financial commitment (TFC) paid by the Company</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">524</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">404</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">928</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Other
    Changes</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2,200)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(517)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(122)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(309)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(3,150)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Contributions
    paid by participants</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Benefits
    paid, net of assisted contributions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(952)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(319)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(65)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(309)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,645)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfer
    and contribution for PP-3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(680)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(31)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(711)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    Adjustment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(594)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(174)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(57)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(827)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Fair
    value of plan assets at the end of the year</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,431</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,316</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>822</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,567</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Pension
Plan assets</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petros
Foundation annually prepares Investment Policies (PI) specific to each plan, following two models:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">for
                                            Petros 2, the achievement of the actuarial goal with the lowest value at risk; and </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">for
                                            defined benefit plans, the minimal mismatch in net cash flows, conditioned to the achievement
                                            of the actuarial target.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pension
plans assets follow a long-term investment strategy based on the risks assessed for each different class of assets and provide for diversification,
in order to lower portfolio risk. The portfolio profile must comply with the Brazilian National Monetary Council (<I>Conselho Monet&aacute;rio
Nacional </I>&ndash; CMN) regulations.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petros
Foundation establishes investment policies for 5-year periods, reviewed annually, using an asset liability management model (ALM) to
address net cash flow mismatches of the benefit plans, based on liquidity and solvency parameters, simulating a 30-year period.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pension
plan assets by type of asset are set out as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Type
    of asset</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Quoted
    prices in active markets</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Unquoted
    prices</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Total
                                            fair</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>value</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>&nbsp;%</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Total
                                            fair value</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>&nbsp;%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Receivables</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,353</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,353</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">846</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Fixed
    income </FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,548</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,297</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,845</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">70%</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,864</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">67%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Government
    bonds</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,503</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,947</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,450</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,522</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Fixed
    income funds</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">864</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">864</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">860</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    investments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">45</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">486</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">531</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,482</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Variable
    income</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,184</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">243</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,427</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9%</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,918</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Common
    and preferred shares</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,184</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,184</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,686</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    investments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">243</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">243</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">232</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Structured
    investments</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">126</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">159</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4%</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">184</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Real
    estate properties</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">490</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">490</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4%</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">475</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,765</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,509</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>12,274</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>98%</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,287</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>97%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Loans
    to participants</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: white; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">285</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">285</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">280</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EAF1DD">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Fair
    value of plan assets at the end of the year</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,765</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,794</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>12,559</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>100%</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,567</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>100%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 43 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">There
is no plan asset for the health care plan. Loans to participants of pension plans are measured at amortized cost, which is considered
an appropriate estimate of fair value.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
of December 31, 2022, the investment portfolio included debentures of US$&nbsp;3 (US$&nbsp;6 in 2021), Company&rsquo;s common shares
in the amount of US$&nbsp;1 (US$&nbsp;1 in 2021) and real estate properties leased by the Company in the amount of US$&nbsp;2 (US$&nbsp;243
in 2021).</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>d)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Net
                                            expenses relating to benefit plans </B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pension
    Plans</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Health
    Care Plan</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Other&nbsp;Plans</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R
    (*)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR
    (*)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Petros
    2</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Sa&uacute;de
    Petrobras</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 46%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Related
    to active employees (cost of sales and expenses)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(33)</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5)</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(20)</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(222)</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(280)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Related
    to retirees (other income and expenses)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(424)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(124)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(13)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(387)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(948)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    expenses for - 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(457)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(129)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(33)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(609)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,228)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    expenses for - 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(469)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(178)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(72)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,388)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2,098)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    expenses for - 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(399)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(139)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(131)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,672</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,001</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>17.3.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Contributions&#9;</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, the Company contributed with US$&nbsp;2,130 to the defined benefit plans (reducing the balance of obligations of these plans, as
presented in note 17.3.2), and with US$&nbsp;197 and US$&nbsp;2, respectively, to the defined contribution portions of PP-2 and PP-3
plans (US$ 169&nbsp;for PP-2 and US$ 1 for PP-3&nbsp;in 2021).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
2023, the expected contributions for the PPSP-R, PPSP-NR, PPSP-R pre-70 and PPSP-NR pre-70 plans, amounts to US$&nbsp;423, and for PP-2
amounts to US$&nbsp;205, relating to the defined contribution portion.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
contribution to the defined benefit portion of the PP-2 is suspended between July 1, 2012 and March 31, 2023, according to the decision
of the Petros Foundation's Deliberative Council, based on the recommendation of actuarial specialists of the Petros Foundation, since
there is sufficient reserve to cover the value at risk. Thus, all contributions made during this period are being allocated to the participant's
individual account.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>17.3.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Expected
                                            future cash flows</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
estimate below reflects only the expected future cash flows to meet the defined benefit obligation recognized at the end of the reporting
period.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pension
    Plan</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Health
    Care Plan</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Other&nbsp;Plans</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 30%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R
    (*)</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR
    (*)</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Petros
    2</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Up
    to 1 Year</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">999</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">354</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">74</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">301</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,728</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,520</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1
    to 5 Years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,122</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,437</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">313</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,149</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,021</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,150</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6
    to 10 Years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,888</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">973</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">231</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,275</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,367</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,615</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11
    To 15 Years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,962</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">622</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">166</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,012</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,762</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,193</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Over
    15 Years</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,800</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">733</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">318</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,076</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,927</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,969</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>12,771</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,119</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,102</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,813</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23,805</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>20,447</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: rgb(103,92,83)">(*)
    It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>17.3.5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Future
                                            payments to participants of defined benefit plans that are closed to new members </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
following table provides the period during which the defined benefit obligation associated with these plans are expected to continue
to affect the Company's financial statements.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 44 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 54%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>PPSP-R
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Pr&eacute;-70</B></FONT></P></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR</B></FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>PPSP-NR
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Pr&eacute;-70</B></FONT></P></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Number
    of years during which benefits must be paid to participants of defined benefit plans. </FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11.06</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.59</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10.37</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7.14</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>17.3.6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Measurement
                                            uncertainties associated with the defined benefit obligation </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
significant financial and demographic actuarial assumptions used to determine the defined benefit obligation are presented in the following
table:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 22%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pension
    Plans</B></FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></P>
                                                                                     <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Health</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Care
                                            Plan</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Assumptions</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>PPSP-R
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Pr&eacute;-70</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>PPSP-NR
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Pr&eacute;-70</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PP2</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Nominal
    discount rate (including inflation)(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11.95%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11.95%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11.93%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11.93%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11.97%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11.97%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Real
    discount rate</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.16%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.16%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.15%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.15%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.18%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.18%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Nominal
    expected salary growth (including inflation) (2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.27%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.16%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.27%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.16%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7.74%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Expected
    changes in medical and hospital costs (3)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9.87%
    a 3.25% p.a.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Mortality
    table</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Experience&nbsp;&nbsp;(Bidecrem 2013)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Experiences (Bidecrem 2020)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Experiences (Bidecrem 2016)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Experiences (Bidecrem 2020)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">AT-2012
                                            IAM basic</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">fem
                                            10% smoothed&nbsp;&nbsp;</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Employees:
                                            according to pension plan</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Assisted:
    Ex Petros (Bidecr 2013)</FONT></P></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Disability
    table</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">American
    group</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">American
    group</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Disability
    Experience PP-2 2022</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assets:
                                            PP-2: Disability Experience</FONT></P>
                                                                                                           <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">PP-22022</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assisted:
                                            n/a</FONT></P></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Mortality
    table for disabled participants</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">AT-49
    male</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">AT-83
    Basic by gender</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;MI
    2006, by gender, 20% smoothed</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Experience 2014</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">IAPB-57&nbsp;strong,
    30% smoothed</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">AT-49
    male</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Age
    of retirement</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Male,
    56 years / Female, 55 years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Male,
    58 years / Female, 56 years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1st
    eligibility</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Male,
    56 years / Female, 55 years</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(1)
    Inflation reflects market projections: 5.45% for 2023 and converging to 3.25% in 2027 onwards.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(2)
    Expected salary growth only of Petrobras, the sponsor, based on the Salaries and Benefits Plan.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(3)
    Decreasing rate, converging in 30 years to the long-term expected inflation. Refers only to Petrobras (sponsor) rate.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 45 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 22%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pension
    Plans</B></FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Health</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Care
                                            Plan</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Assumptions</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-R
    Pre-70</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PPSP-NR
    Pre-70</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>PP2</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Nominal
    discount rate (including inflation)(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10.64%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10.62%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10.55%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10.54%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10.73%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10.68%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Real
    discount rate</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.40%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.38%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.32%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.31%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.49%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.44%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Nominal
    expected salary growth (including inflation) (2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.83%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.63%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.83%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.63%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7.20%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Expected
    changes in medical and hospital costs (3)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.24%
    a 3.25% p.a.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Mortality
    table</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Experience (Bidecrem 2013)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Experiences (Bidecrem 2020)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Experiences (Bidecrem 2016)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Experiences (Bidecrem 2020)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">AT-2012
    IAM basic fem 10% smoothed </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Employees:
                                            according to pension plan</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Assisted:
    Ex Petros (Bidecr 2013)</FONT></P></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Disability
    table</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">American
    group</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">American
    group</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">n/a</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&Aacute;lvaro
    Vindas 50% smoothed</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&Aacute;lvaro
    Vindas 50% smoothed</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Mortality
    table for disabled participants</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">AT-49
    male</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">AT-49
    male</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;MI
    2006, by gender, 20% smoothed</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros
    Experience 2014</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">IAPB-57&nbsp;strong,
    10% smoothed</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">AT-49
    male</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Age
    of retirement</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Male,
    56 years / Female, 55 years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Male,
    58 years / Female, 56 years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Male,
    56 years / Female, 55 years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Male,
    58 years / Female, 56 years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1st
    eligibility</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Male,
    56 years / Female, 55 years</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(1)
    Inflation reflects market projections: 4.97% for 2022 and converging to 3.25% in 2026 onwards.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(2)
    Expected salary growth only of Petrobras, the sponsor, based on the Salaries and Benefits Plan.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(3)
    Decreasing rate, converging in 30 years to the long-term expected inflation. Refers only to Petrobras (sponsor) rate.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
most significant assumptions are described in Note 4.3.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>17.3.7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sensitivity
                                            analysis of the defined benefit plans</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The effect of a 100
basis points (bps) change in the discount rate and in the estimated future medical costs is set out below:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 39%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-bottom: #006298 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Discount
    Rate</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-bottom: #006298 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Expected
                                            changes in medical</B></FONT></P>
                                                                                                                            <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>and
                                            hospital costs&nbsp;</B></FONT></P></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Pension
    Benefits</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Medical
    Benefits</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Medical
    Benefits</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>+100
    bps</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>-100
    bps</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>+100
    bps</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>-100
    bps</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>+100
    bps</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>-100
    bps</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Pension
    Obligation</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,474)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,882</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(602)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">735</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">772</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(176)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    Service cost and interest cost</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(24)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">47</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(46)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">56</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">128</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 1.5pt outset; border-bottom: #008542 1.5pt outset; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for post-employment defined benefits</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Actuarial
commitments related to post-employment defined benefit plans and health-care plans are recognized as liabilities in the statement of
financial position based on actuarial calculations which are revised annually by an independent qualified actuary (updating for material
changes in actuarial assumptions and estimates of expected future benefits), using the projected unit credit method, net of the fair
value of plan assets, when applicable, from which the obligations are to be directly settled.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Under
the projected credit unit method, each period of service gives rise to an additional unit of benefit entitlement and each unit is measured
separately to determine the final obligation. Actuarial assumptions include demographic and financial assumptions, medical costs estimate,
historical data related to benefits paid and employee contributions, as set out in note 4 - Critical accounting policies: key estimates
and judgments.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Service
cost are accounted for within the statement of income and comprises: (i) current service cost, which is the increase in the present
value of the defined benefit obligation resulting from employee service in the current period; (ii) past service cost, which is the
change in the present value of the defined benefit obligation for employee service in prior periods, resulting from a plan amendment
(the introduction,
modification, or withdrawal of a defined benefit plan) or a curtailment (a significant reduction by the entity in the number of employees
covered by a plan); and (iii) any gain or loss on settlement.</FONT></P>


<!-- Field: Page; Sequence: 46 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Net
interest on the net defined benefit liability is the change during the period in the net defined benefit liability that arises from the
passage of time. Such interest is accounted for in the statement of income.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Remeasurement
of the net defined benefit liability is recognized in shareholders&rsquo; equity, in other comprehensive income, and comprises: (i) actuarial
gains and losses and; (ii) return on plan assets, excluding net interest on the net defined liability, net of defined benefit plan assets.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company also contributes to defined contribution plans, on a parity basis in relation to the employee's contribution, that are expensed
when incurred.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_023"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>18.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Provisions
                                            for legal proceedings, judicial deposits and contingent liabilities</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>18.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Provisions
                                            for legal, administrative and arbitral proceedings</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company recognizes provisions for legal, administrative and arbitral proceedings based on the best estimate of the costs for which it
is probable that an outflow of resources embodying economic benefits will be required and that can be reliably estimated. These proceedings
mainly include:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Labor
                                            claims, in particular: (i) several individual and collective labor claims; (ii) opt-out claims
                                            related to a review of the methodology by which the minimum compensation based on an employee's
                                            position and work schedule (<I>Remunera&ccedil;&atilde;o M&iacute;nima por N&iacute;vel e
                                            Regime</I> - RMNR) is calculated; and (iii) actions of outsourced employees.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Tax
                                            claims including: (i) tax notices for alleged non-compliance with ancillary obligations;
                                            (ii) claims relating to benefits previously taken for Brazilian federal tax credits applied
                                            that were subsequently alleged to be disallowable; and (iii) claims for alleged non-payment
                                            of CIDE on imports of propane and butane.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Civil
                                            claims, in particular: (i) lawsuits related to contracts; (ii) penalties applied by ANP,
                                            mainly relating to production measurement systems; and (iii)&nbsp;litigation involving corporate
                                            conflicts.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Environmental
                                            claims, specially: (i) fines relating to the Company&rsquo;s offshore operation; (ii) fines
                                            relating to an environmental accident in the State of Paran&aacute; in 2000; and (iii) public
                                            civil action for oil spill in 2004 in Serra do Mar State Park, in the state of S&atilde;o
                                            Paulo.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Provisions
for legal, administrative and arbitral proceedings are set out as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Non-current
    liabilities</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Labor
    claims</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">737</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">716</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Tax
    claims</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">466</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">306</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Civil
    claims</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,504</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">820</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Environmental
    claims</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">303</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">176</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-top: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-top: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,010</B></FONT></TD>
    <TD STYLE="border-top: #008542 1.5pt outset; border-right: white 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,018</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Opening
    Balance</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,018</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,199</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Additions,
    net of reversals</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,072</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">540</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Use
    of provision</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(487)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(715)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revaluation
    of existing proceedings and interest charges</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">273</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">150</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">136</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(164)</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Closing
    Balance</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,010</B></FONT></TD>
    <TD STYLE="border-right: white 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,018</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
preparing its consolidated financial statements for the year ended December 31, 2022, the Company considered all available information
concerning legal, administrative and arbitral proceedings in which the Company is a defendant, in order to estimate the amounts of obligations
and probability that outflows of resources will be required.</FONT></P>


<!-- Field: Page; Sequence: 47 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>18.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Judicial
                                            deposits</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company make deposits in judicial phases, mainly to suspend the chargeability of the tax debt and to maintain its tax compliance. Judicial
deposits are set out in the table below according to the nature of the corresponding lawsuits:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Non-current
    assets</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Tax
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,876</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,790</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Labor</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">907</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">796</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Civil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,089</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,275</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Environmental</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">109</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">101</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">72</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">76</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,053</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,038</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Opening
    Balance</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,038</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,281</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Additions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,710</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,145</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Use</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(115)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(109)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accruals
    and charges</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">897</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">263</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">532</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(545)</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Closing
    Balance</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,053</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,038</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>18.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Contingent
                                            liabilities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Contingent
liabilities for which either the Company is unable to make a reliable estimate of the expected financial effect that might result from
resolution of the proceeding, or a cash outflow is not probable, are not recognized as liabilities in the financial statements but are
disclosed in the notes to the financial statements, unless the likelihood of any outflow of resources embodying economic benefits is
considered remote.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
estimates of contingent liabilities are indexed to inflation and updated by applicable interest rates. As of December 31, 2022, estimated
contingent liabilities for which the possibility of loss is considered possible are set out in the following table:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 82%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Nature</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Tax</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">32,094</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24,785</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Labor
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,272</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,172</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Civil
    - General</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,548</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,720</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Civil
    - Environmental</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,257</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,192</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-top: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-top: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>49,171</B></FONT></TD>
    <TD STYLE="border-top: #008542 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>38,869</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
tables below detail the main causes of tax, civil, environmental and labor nature, whose expectations of losses are classified as possible:</FONT></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 84%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Estimate</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Description
    of tax matters</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    Secretariat of the Federal Revenue of Brazil</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1)
    Withholding income tax (IRRF), Contribution of Intervention in the Economic Domain (CIDE), Social Integration Program (PIS) and Contribution
    to Social Security Financing (COFINS) on remittances for payments of vessel charters.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Current
                                            status: The claim about the incidence of withholding income tax (Imposto de Renda Retido
                                            na Fonte- IRRF) on remittances for payments of vessel charters, occurred from 1999 to 2002,
                                            involves the legality of the normative rule issued by the Federal Revenue of Brazil, which
                                            ensured no taxation over those remittances. The Company considers the likelihood of loss
                                            as possible, since there are decisions from Superior Courts favorable to the Company, and
                                            will continue to defend its opinion.</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">The
    other claims, concerning CIDE and PIS/COFINS, involve lawsuits in different administrative and judicial stages, for which the Company
    understands there is a possible likelihood of loss, since there are legal predictions in line with the position of the Company.</FONT></P></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,386</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,092</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2)
    Income from foreign subsidiaries located outside Brazil not included in the computation of taxable income (IRPJ and CSLL).</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages. The Company considers the likelihood of loss
    as possible, since there are decisions from Superior Courts favorable to the understanding of the Company.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,396</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,890</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3)
    Requests to compensate federal taxes disallowed by the Brazilian Federal Tax Authority.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages. In 2022, the Company obtained favorable final
    decisions at CARF and new tax notices were issued.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">705</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">827</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4)
    Incidence of social security contributions over contingent bonuses paid to employees.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: Awaiting defense judgment and appeals at the administrative and judicial levels.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">922</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">706</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5)
    Collection of Contribution of Intervention in the Economic Domain (CIDE) on transactions with fuel retailers and service stations
    protected by judicial injunctions determining that fuel sales were made without gross-up of such tax.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different judicial stages.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">485</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">428</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6)
    Deduction from the basis of calculation of taxable income (income tax - IRPJ and social contribution - CSLL) of several expenses
    related to employee benefits.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: The claim involves lawsuits in different administrative and judicial stages.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">646</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">570</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7)
    Income taxes (IRPJ and CSLL) - Capital gains and Amortization of goodwill on the acquisition of equity interests.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages. In 2022, new tax notices were issued against
    the Company.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">501</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">234</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8)
    Deduction of the PIS and COFINS tax base, including in ship or pay contracts and charters of aircraft and vessels.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status:&nbsp;&nbsp;The claims involve lawsuits in different administrative and judicial stages. In 2022, a new tax notice was issued
    against the Company.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">986</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">330</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9)
    Collection of IRPJ and CSLL - Transfer price - Charter contracts</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: In one of the assessments, there was an unfavorable administrative decision. A voluntary appeal by Petrobras is pending judgment.
    In 2022, a new tax notice was issued against the Company.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">498</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">287</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10)
    Import tax, PIS/COFINS and customs fines - Import of vessels through Repetro's Special Customs Regime.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages. In 2022, a new tax notice was issued against
    the Company.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">294</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">249</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11)
    Collection of Import tax (II), PIS/COFINS and customs fines including Petrobras as jointly liable.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: In 2022, the Company received a new tax notice regarding the collection on joint liabilities of customs taxes and fines arising
    from the import of goods under the Repetro regime, for use in the Frade consortium.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,414</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12)
    Customs &ndash; Fines of 1% and 5% on the Customs Value.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Fines
    imposed on the customs value of imported products due to information considered inaccurate in the import declarations. There is a
    court decision unfavorable to the Company.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">240</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">209</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13)
    Collection of PIS/COFINS &ndash; Incidences on Amnesties.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: In 2022, the company received a new tax notice related to the collection of social contributions PIS/COFINS, resulting from
    the tax transaction provided for in article 3 of the Federal Brazilian Law 13.586/2017.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">870</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    States of SP, RJ, BA, PA, AL, MA, PB, PE, AM and SE Finance Departments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14)
    VAT (ICMS) and VAT credits on internal consumption of bunker fuel and marine diesel, destined to chartered vessels.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">425</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">367</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    States of RJ, AL, BA, PE, PA and RS Finance Departments </B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15)
    VAT (ICMS) on dispatch of liquid natural gas (LNG) and C5+ (tax document not accepted by the tax authority), as well as challenges
    on the rights to this VAT tax credit.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 49 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: white">
    <TD STYLE="width: 84%; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages.</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">842</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">746</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    States of PE, RJ and PA Finance Departments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16)
    Alleged failure to write-down VAT (ICMS) credits related to zero tax rated or non-taxable sales made by the Company and its customers.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages. In 2022, new tax notices were issued against
    the Company.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">440</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">110</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    States of RJ, AL, AM, PA, BA, GO, MA, SP and PE Finance Departments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17)
    Alleged failure to write-down VAT (ICMS) credits related to zero tax rated or non-taxable sales made by the Company and its customers.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">916</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">788</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    States of RJ, BA, PE, SE and AM Finance Departments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18)
    The plaintiff alleges that the transfers between branches, especially in RJ, without segregating&nbsp;&nbsp;VAT (ICMS), under the
    special regime, reduced the total credits of the&nbsp;&nbsp;central department.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">929</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">800</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    States of GO, RJ, PA, BA, SE, SP, PR, AM, CE, MT, RN and PE Finance Departments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19)
    Appropriation of ICMS credit on the acquisition of goods (products in general) that, in the understanding of the inspection, would
    fit into the concept of material for use and consumption, being the tax credit undue.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages. In 2022, new tax notices were issued against
    the Company.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">687</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">569</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    States of&nbsp;&nbsp;RJ, PR, AM, BA, PA, PE, SP and AL Finance Departments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20)
    Incidence of VAT (ICMS) over alleged differences in the control of physical and fiscal inventories.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages. In 2022, new tax notices were issued against
    the Company.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">799</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">446</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    State of SP Finance Department</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21)
    Deferral of payment of VAT (ICMS) taxes on B100 Biodiesel sales and the charge of a 7% VAT rate on B100 on Biodiesel interstate sales,
    including states in the Midwest, North and Northeast regions of Brazil and the State of Esp&iacute;rito Santo.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">263</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">232</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    States of RJ, SP, BA, PE, PR, SE and CE Finance Departments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22)
    Misappropriation of VAT tax credit (ICMS) on the acquisitions of goods that, per the tax authorities, are not related to property,
    plant and equipment.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">478</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">417</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    States of RJ, SP, BA, AL, PE, CE and AM Finance Departments</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23)
    Misappropriation of VAT tax credit (ICMS) on the acquisitions of drills and chemicals used in the formulation of drilling fluid,
    per the tax authorities.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">486</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">422</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    Municipal government of Angra dos Reis/RJ</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24)
    Added value of ICMS on oil import operations.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in several judicial stages. In 2022, judicial decisions favorable to the Company were handed
    down in two lawsuits, by the Court of Justice of Rio de Janeiro. There is a Special Appeal filed by the Municipality pending judgment.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">347</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">289</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    Several Municipalities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">25)
    Alleged failure to withhold and pay tax on services (ISSQN).</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: There are lawsuits in different administrative and judicial stages.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">223</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">201</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    Municipal governments of the cities of Anchieta, Aracruz, Guarapari, Itapemirim, Marata&iacute;zes, Linhares, Vila Velha and Vit&oacute;ria</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26)
    Alleged failure to withhold and pay tax on services provided offshore (ISSQN) in favor of some municipalities in the State of Esp&iacute;rito
    Santo, under the allegation that the service was performed in their &quot;respective coastal waters&quot;.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: This claim involves lawsuits in different administrative and judicial stages. In 2022, the lawsuits were reclassified to
    remote loss due to a decision favorable to the Company's thesis in the Court of Justice of Esp&iacute;rito Santo.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,071</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">27)
    Other tax matters</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,916</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,505</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    for tax matters</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>32,094</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>24,785</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 50 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 84%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Estimate</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Description
    of labor matters</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    Employees and Sindipetro Union of ES, RJ, BA, MG, SP, PE, PB, RN, CE, PI, PR and SC.</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1)
    Actions requiring a review of the methodology by which the minimum compensation based on an employee's position and work schedule
    (Remunera&ccedil;&atilde;o M&iacute;nima por N&iacute;vel e Regime - RMNR) is calculated.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status: The dispute is in the Federal Supreme Court (STF). On 07/28/2021, Petrobras filed an appeal and the Minister Rapporteur decided
    favorably to the Company, reforming the decision of the Plenary of the Superior Labor Court (TST) which was contrary to Petrobras.
    Currently, the judgment of the appeals filed by the plaintiff and by several amici curiae is in progress, with 3 votes in favor of
    the Company, recognizing the merit of the collective bargaining agreement signed between Petrobras and the unions. Considering that
    the last minister to vote requested a view, the trial was suspended, and is juts pending the presentation of the vote by this last
    minister.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,806</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,917</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2)
    Other labor matters</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,466</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,255</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    for labor matters</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,272</B></FONT></TD>
    <TD STYLE="border-right: white 1.5pt outset; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,172</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 84%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Estimate</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Description
    of civil matters</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    Ag&ecirc;ncia Nacional de Petr&oacute;leo, G&aacute;s Natural e Biocombust&iacute;veis - ANP and other agencies</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1)
                                            Administrative and legal proceedings that discuss:</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">a)
    Difference in special participation and royalties in different fields;</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">b)
    Fines imposed by ANP due to alleged failure to comply with the minimum exploration activities program, as well as alleged irregularities
    relating to compliance with oil and gas industry regulation. It also includes fines imposed by other agencies.</FONT></P></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status:&nbsp;&nbsp;The claims involve lawsuits in different administrative and judicial stages. In 2022, new tax notices were issued
    against the Company.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,980</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,197</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    Ag&ecirc;ncia Nacional de Petr&oacute;leo, G&aacute;s Natural e Biocombust&iacute;veis - ANP</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2)
    Proceedings challenging an ANP order requiring Petrobras to unite Tupi and Cernambi fields on the BM-S-11 joint venture; to unite
    Ba&uacute;na and Piracicaba fields; and to unite Tartaruga Verde and Mesti&ccedil;a fields, which would cause changes in the payment
    of special participation charges.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Current
                                            status: This list involves claims that are disputed in court and in arbitration proceedings,
                                            as follows. In 2022, there was an increase in the value, due to the judicial deposits that
                                            are made by Petrobras:</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">a)
    Tupi and Cernanbi: initially, the Company made judicial deposits for the alleged differences resulting from the special participation.
    However, with the reversal of the favorable injunction, the payment of these alleged differences were made directly to ANP, and such
    judicial deposits were resumed in the 2nd Quarter of 2019. Arbitration remains suspended by court decision;</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">b)
    Ba&uacute;na and Piracicaba: the Federal Regional Court of the Second Region upheld the suspension of arbitration. Petrobras filed
    appeals with the Superior Courts.</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">c)
    Tartaruga Verde and Mesti&ccedil;a: The Company has authorization to make the judicial deposits relating to these fields. The Regional
    Federal Court of the Second Region has the opinion that the Chamber of Arbitration has jurisdiction on this claim and the arbitration
    is ongoing up to item 6 of the joint schedule (pre-hearing meeting) formulated by the parties.</FONT></P></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,531</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">829</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    Ag&ecirc;ncia Estadual de Regula&ccedil;&atilde;o de Servi&ccedil;os P&uacute;blicos de Energia, Transportes e Comunica&ccedil;&otilde;es
    da Bahia (AGERBA) and State Gas Companies</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3)
    Public Civil Action (ACP) to discuss the alleged illegality of the gas supply made by the company to its Nitrogenated Fertilizer
    Production Unit (FAFEN / BA).</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status:&nbsp;&nbsp;The claims involve lawsuits in different administrative and judicial stages. In 2022, there was a decrease in
    value due to agreements entered into by Petrobras.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">39</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">318</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    Several service providers</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4)
    Claims related to goods and services supply contracts, with emphasis on discussions about economic and financial imbalance, contractual
    breach, fines and early termination of contracts.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    status:&nbsp;&nbsp;The claims involve lawsuits in different administrative and judicial stages. In 2022, there was an increase in
    value due to new lawsuits and decisions unfavorable to Petrobras.</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,988</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,491</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5)
    Several lawsuits of civil nature, with emphasis on those related to expropriation and easement of passage, civil liability and portfolio
    management. </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,010</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">885</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    for civil matters</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,548</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,720</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 51 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 84%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Estimate</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Description
    of environmental matters</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Plaintiff:
    Several authors, notably: Minist&eacute;rio P&uacute;blico Federal, Minist&eacute;rio P&uacute;blico Estadual do Paran&aacute;, AMAR
    - Associa&ccedil;&atilde;o de Defesa do Meio Ambiente de Arauc&aacute;ria, IAP - Instituto Ambiental do Paran&aacute; and IBAMA -
    Instituto Brasileiro de Meio Ambiente e Recursos Naturais Renov&aacute;veis.</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1)
    Several lawsuits of an environmental nature, with emphasis on fines related to the company's operations and public civil action for
    alleged environmental damage due to the sinking of Platform P-36. </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,257</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,192</FONT></TD></TR>
  <TR STYLE="background-color: #F3F3F3">
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; border-left: white 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    for environmental matters</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,257</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,192</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>18.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Class
                                            action and related proceedings</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>18.4.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Class
                                            action in the Netherlands</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
January 23, 2017, Stichting Petrobras Compensation Foundation (&quot;Foundation&quot;) filed a class action in the Netherlands, at the
District Court of Rotterdam, against Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras, Petrobras International Braspetro B.V. (PIB BV),
Petrobras Global Finance B.V. (PGF), Petrobras Oil &amp; Gas B.V. (PO&amp;G) and some former Petrobras managers.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Foundation alleges that it represents the interests of an unidentified group of investors and asserts that, based on the facts revealed
by the Lava-Jato Operation, the defendants acted illegally before the investors. Based on these allegations, the Foundation is seeking
a series of court declarations from the Dutch court.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
May 26, 2021, after previous intermediate decisions in which the Court decided that it has jurisdiction to judge the majority of the
seven requests made by the Foundation, the District Court of Rotterdam decided that the class action must proceed and that the arbitration
clause of Petrobras' bylaws does not prevent the Company's shareholders from having access to the Dutch Judiciary and being represented
by the &ldquo;Foundation&rdquo;. However, investors who have already started arbitration against Petrobras or who are parties to legal
proceedings in which the applicability of the arbitration clause has been definitively recognized are excluded from the action.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2021 and 2022, the parties presented their arguments and defenses in writing regarding the merits of the claims and the Court scheduled
hearings for oral arguments, which took place on January 17 and 24, 2023. At these hearings, the Court did not provide any indications
as to the content of its decision on the merits of the case. The Court determined that Petrobras and the other defendants may present
additional statements on February 22, 2023, after which the Court intends to issue a sentence on July 26, 2023. Such deadline is indicative
and the decision may be postponed or anticipated.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This
class action concerns complex issues and the outcome is subject to substantial uncertainties, which depend on factors such as: the scope
of the arbitration clause of the Petrobras Statute, the jurisdiction of the Dutch courts, the scope of the agreement that ended the Class
Action in the United States, the Foundation's legitimacy to represent the interests of investors, the several laws applicable to the
case, the information obtained from the production phase of evidence, the expert analyses, the timetable to be defined by the Court and
the judicial decisions on key issues of the process, possible appeals, including before the Dutch Supreme Court, as well as the fact
that the Foundation seeks only a declaratory decision in this class action. It is currently not possible to predict whether the Company
will be liable for the effective payment of damages in any future individual claims, as this analysis will depend on the outcome of these
complex procedures. In addition, it is not possible to know which investors will be able to bring subsequent individual actions related
to this matter against Petrobras.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Furthermore,
the claims formulated are broad, cover a multi-year period and involve a wide variety of activities and, in the current scenario, the
impacts of such claims are highly uncertain. The uncertainties inherent in all of these issues affect the value and duration of final
resolution of this action. As a result, Petrobras is unable to estimate an eventual loss resulting from this action. However, Petrobras
reiterates its condition as a victim of the corruption scheme revealed by the Lava-Jato operation and intends to present and prove this
condition before the Dutch court.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Considering
the uncertainties, it is not possible to make any reliable assessment regarding possible risks related to this litigation. The eventual
indemnification for the alleged damages will only be determined by judicial decisions in later actions to be brought by individual investors.
The Foundation cannot claim compensation for damages within the scope of the class action, since the final decision will be merely declaratory.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company deny the allegations made by the Foundation and intend to defend itself vigorously.</FONT></P>


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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>18.4.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Arbitration
                                            in Argentina</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
September 11, 2018, Petrobras was served of an arbitral claim filed by Consumidores Financieros Asociaci&oacute;n Civil para su Defensa
(&quot;Association&quot;) against the Company and other individuals and legal entities, before the &ldquo;Tribunal de Arbitraje General
de la Bolsa de Comercio de Buenos Aires&rdquo;. Among other issues, the Association alleges Petrobras' liability for a supposed loss
of market value of Petrobras' shares in Argentina, due to proceedings related to Lava Jato investigation.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
June 14, 2019, the Chamber of Arbitration recognized the withdrawal of the arbitration due to the fact that the Association had not paid
the arbitration fee within the established period. The Association appealed to the Argentine Judiciary against this decision, which was
rejected on November 20, 2019. The Association filed a new appeal addressed to the Argentine Supreme Court, pending a final decision.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company deny the allegations presented by the Association and intends to defend itself vigorously.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>18.4.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Other
                                            legal proceedings in Argentina</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras
was included as a defendant in criminal actions in Argentina:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Criminal
                                            action for alleged non-compliance with the obligation to publish &ldquo;press release&rdquo;
                                            in Argentina about the existence of a class action filed by the Association before the Commercial
                                            Court, according to the provisions of the Argentine capital market law. Petrobras was never
                                            mentioned in the scope of the referred collective action. Petrobras presented procedural
                                            defenses in the criminal action but some of them have not yet been judged by the court. On
                                            March 4, 2021, the Court (Room A of the Economic Criminal Chamber) decided that the jurisdiction
                                            for the trial of this criminal action should be transferred from the Criminal Economic Court
                                            No. 3 of the city of Buenos Aires to the Criminal Economic Court No. 2 from that same city;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Criminal
                                            action related to an alleged fraudulent offer of securities, when Petrobras allegedly declared
                                            false data in its financial statements prior to 2015. Petrobras presented preliminary defense
                                            on the merits, which has not yet been considered by the judge, in addition to procedural
                                            defenses, which are currently subject of appeals in Argentine courts. On October 21, 2021,
                                            after an appeal by the Association, the Court of Appeals revoked the lower court decision
                                            that had recognized Petrobras' immunity from jurisdiction and recommended that the lower
                                            court take some steps to certify whether the Company could be considered criminally immune
                                            in Argentina for further reassessment of the issue. Petrobras appealed against this decision
                                            before the Court of Cassation, and the Company's appeal was denied. After the lower court
                                            denied Petrobras immunity from jurisdiction, the Company appealed to the Court. On December
                                            27, 2022, the Court again considered the first instance decision premature, determining that
                                            a third one be issued, still pending. On another procedural front, on September 14, 2022,
                                            the decision that had recognized that the Association could not act as a representative of
                                            financial consumers was reformed by the Court of Cassation after an appeal by the Association.
                                            On November 2, 2022, Petrobras filed an appeal against this decision before the Argentine
                                            Supreme Court, which is still pending judgment. This criminal action is pending before the
                                            Criminal Economic Court No. 2 of the city of Buenos Aires.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>18.4.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Lawsuit
                                            in the United States related to Sete Brasil Participa&ccedil;&otilde;es S.A. (&quot;Sete&quot;)</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
February 2016, EIG Management Company, LLC and certain affiliated funds (collectively referred to as &ldquo;EIG&rdquo;) filed a claim
in the District Court for the District of Columbia in Washington, D.C. regarding the indirect purchase of equity interests in Sete Brasil,
a company created to build platforms with high local content. In this process, EIG claims that Petrobras would have induced the plaintiffs
to invest in Sete Brasil and that it was one of those responsible for the financial crisis of Sete, which filed for judicial recovery
in Brazil.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2017, the District Court denied the summary filing request submitted by Petrobras and decided that the process should proceed to the
evidence production phase. There was the filing of appeals by Petrobras, and this appeal phase lasted until January 16, 2020, when the
decision of the Court of the District of Columbia became final. During 2020, the parties engaged in extensive exchanges of documents
and other documentary evidence. The parties also heard the testimonies of several witnesses to the events. In 2021, in addition to the
continuity of such hearings, expert evidence was produced, as well as the parties submitted requests for the case to be judged summarily
(motion for summary judgment).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
August 8, 2022, the judge upheld EIG's claim as to Petrobras' responsibility for the alleged losses, which are recorded in the third
quarter of 2022 as provisions for legal proceedings, but denied the motion for summary judgment with respect to damages, whereby the
award of compensation will be subject to the proof of damages by EIG at a hearing and to the consideration of the defenses by the Company.
In the same decision, the judge denied the request to dismiss the case based on Petrobras' immunity from jurisdiction, which is why an
appeal was filed with the Federal Court of Appeals for the District of Columbia.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
August 26, 2022, a request was filed by Petrobras for the action to be suspended until the judgment of the appeal, and such suspension
was granted by the judge on October 26, 2022.</FONT></P>


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<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
August 26, 2022, the District Court of Amsterdam granted a precautionary measure to block certain Petrobras assets in the Netherlands,
at the request of EIG.. The decision was based on that rendered precautionary measure by the District Court of the District of Columbia,
on August 8, 2022, and was intended to ensure the satisfaction of EIG's claims contained in the aforementioned US lawsuit. For the purpose
of this injunction alone, the District Court of Amsterdam limited EIG's claims to a total of US$&nbsp;297.2, although the US Court ruled
that any award of damages would depend on evidence of damages by EIG at a trial hearing. There are some discussions about the scope of
the assets blocked by EIG, but there is no related lawsuit pending in the Netherlands. This precautionary block does not prevent Petrobras
and its subsidiaries from complying with their obligations to third parties.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>18.5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Arbitrations
                                            in Brazil</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras
is also currently a party to seven arbitrations proceedings <FONT STYLE="color: #222222">before the Market Arbitration Chamber (<I>C&acirc;mara
de Arbitragem do Mercado</I> - CAM), linked to the Brazilian Stock Exchange (B3),</FONT> brought by investors who purchased Petrobras&rsquo;
shares traded on B3. Six of these arbitrations were initiated by national and foreign investors. The other proceeding was brought by
an association that is not a shareholder of the Company and intends to be a collective arbitration, through representation of all minority
shareholders of Petrobras that acquired shares on B3 between January 22, 2010 and July 28, 2015. Investors claim alleged financial losses
caused by facts uncovered in the Lava Jato investigation.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">These
claims involve complex issues that are subject to substantial uncertainties and depend on a number of factors such as the novelty of
the legal theories, the timing of the Chamber of Arbitration decisions, the information produced in discovery and analysis by retained
experts.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Moreover,
the claims asserted are broad and span a multi-year period. The uncertainties inherent in all such matters affect the amount and timing
of their ultimate resolution. As a result, the Company is unable to make a reliable estimate of eventual loss arising from such arbitrations.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Depending
on the outcome of these complaints, the Company may have to pay substantial amounts, which may have a significant effect on its consolidated
financial position, financial performance and cash flows in a certain period. However, Petrobras does not recognize responsibility for
the losses alleged by investors in these arbitrations.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Most
of these arbitrations are still in the preliminary stages and a final decision is not expected in the near future. However, in relation
to one of the arbitrations, proposed by two institutional investors, on May 26, 2020, a partial arbitral award was issued indicating
the Company's responsibility, but not determining the payment of amounts by Petrobras, nor ending the procedure. This arbitration, as
well as the other arbitrations in progress, are confidential and the partial arbitral award - which does not represent a CAM position,
but only of the three arbitrators that make up this arbitration panel - does not extend to the other ongoing arbitrations.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
July 20, 2020, Petrobras filed a lawsuit for the annulment of this partial arbitral award, as the Company understands that the award
contains serious flaws and improprieties. On November 11, 2020, the 5th Business Court of Rio de Janeiro annulled the partial arbitration
award, due to these serious flaws and improprieties pointed out by Petrobras. The appeals against this decision are still pending judgement.
In compliance with CAM rules, the lawsuit is confidential and only available to those involved in the original arbitration proceeding.
Petrobras will continue to defend itself in this and other arbitrations.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
the year ended December 31, 2022, there were no events that changed the assessment and information on arbitrations in Brazil.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>18.6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Tax
                                            recoveries under dispute - Compulsory Loan - Eletrobr&aacute;s</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Brazilian Federal Government, aiming to finance the expansion of the national electricity system, established the compulsory loan that
lasted until 1993 in favor of Eletrobr&aacute;s, which was the operator of this system. The loan was charged to consumers' electricity
bills.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2010, the Company filed a lawsuit to recognize its right to receive the differences in monetary correction and interest on a compulsory
loan from Eletrobr&aacute;s, in relation to the third conversion of Eletrobr&aacute;s shares, in the period from 1987 to 1993.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
December 2022, the court issued a final decision in favor of the Company in relation to the merits of the case. Currently, it is at the
beginning of the execution phase, when the Company's credit will be determined and settled. Considering that legal discussions are still
pending regarding the methodology for calculating, the Company is still unable to estimate the amount of the contingent asset.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>18.7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Lawsuits
                                            brought by natural gas distributors and others</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, Petrobras entered into agreements with CEG&Aacute;S, SC G&Aacute;S and ES G&Aacute;S, with the aim of putting an end to existing
litigation and pacifying controversial issues regarding the price of natural gas supplied, based on the current economic conditions of
the natural gas market. Regarding ES G&Aacute;S, the new gas purchase and sale agreements were signed and became effective in February
2023. In relation to the
State of Minas Gerais, the matter remains in court, however the gas price collection continues to be carried out in accordance with the
current Contract signed between Petrobras and GASMIG.</FONT></P>


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<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
sale of gas by Petrobras, in the state of Rio de Janeiro, has been taking place under the terms of the injunctions granted, observing
the conditions of the gas supply contracts that would end on December 31, 2021 but had their terms extended by these injunctions.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
the state of Sergipe, the sale of gas has been taking place under the terms of the injunction granted in a legal proceeding that is under
justice secrecy.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for provisions for legal, administrative and arbitral proceedings, contingent liabilities and contingent assets</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Provisions
are recognized when: (i) the Company has a present obligation as a result of a past event; (ii) it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation, and (iii) the amount of the obligation can be reliably estimated.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Contingent
liabilities are not recognized but are disclosed in explanatory notes when the likelihood of outflows is possible, including those whose
amounts cannot be estimated, considering the best information available to the date of the issuance of these financial statements.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
methodology used to estimate the provisions is described in note 4.4.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Contingent
assets are not recognized, but are disclosed in explanatory notes when the inflow of economic benefits is considered probable and the
amount is considered material. However, if the inflow of economic benefits is virtually certain, which, in general, considers the final
and unappealable decision, and if the value can be reliably measured, the related asset is not a contingent asset anymore and it is recognized.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_024"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>19.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Provision
                                            for decommissioning costs</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
following table details the amount of the provision for decommissioning costs by producing area:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 78%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Onshore</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">418</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">873</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Shallow
    waters</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,399</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,732</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Deep
    and ultra-deep post-salt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,988</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,420</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Pre-salt</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,795</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,594</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18,600</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>15,619</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Changes
in the provision for decommissioning costs are presented as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Non-current
    liabilities</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: white 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Opening
    balance</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15,619</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18,780</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Adjustment
    to provision</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,484</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,186)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfers
    related to liabilities held for sale</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,258)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(704)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Use
    of provisions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(854)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(730)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Interest
    accrued</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">476</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">723</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,138</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,269)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Closing
    balance</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18,600</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>15,619</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
provision associated with divestment projects of E&amp;P assets classified as held for sale was transferred to liabilities related to
assets classified as held for sale. In 2022, it refers to: the Potiguar groups of fields, in Rio Grande do Norte state; the Albacora
Leste Field, in Rio de Janeiro; Golfinho, Camarupim and Norte Capixaba groups of fields, in the state of Esp&iacute;rito Santo, as set
out in note 30. In 2021, it included transfers to held for sale mainly related to: Alagoas groups of fields, Papa-Terra Field, Pero&aacute;
Group, Miranga Group and B&uacute;zios fields.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for decommissioning costs</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
initial recognition of legal obligations to remove equipment and restore land or sea areas at the end of operations occurs after the
declaration of commercial feasibility of an oil and gas field. The calculations of the cost estimates for future environmental removals
and recoveries are complex and involve significant judgments (as set out in note 4.5).</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
estimates of decommissioning costs are reviewed annually based on current information on expected costs and recovery plans. When the
revision of the estimates results in an increase in the provision for decommissioning costs, there is a corresponding increase in assets.
Otherwise, in the event that a decrease in the liability exceeds the carrying amount of the asset, the excess shall be recognized immediately
in profit or loss, within other income and expenses.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_025"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>20.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Other
                                            Assets and Liabilities</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 61%; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Assets</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Escrow
    account and/ or collateral</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(a)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,087</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">961</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Advances
    to suppliers</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(b)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,561</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">308</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Prepaid
    expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(c)
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">363</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">297</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Derivatives
    transactions </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(d)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">54</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assets
    related to E&amp;P partnerships</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(e)
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">71</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">262</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">194</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">201</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>3,330</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2,060</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,777</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,573</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-Current</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,553</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">487</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Liabilities</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Obligations
    arising from divestments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(f)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,355</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,106</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Contractual
    retentions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(g)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">601</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">521</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Advances
    from customers</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(h)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">906</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">606</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Provisions
    for environmental expenses, R&amp;D and fines</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(i)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">674</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">568</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(j)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">293</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">143</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unclaimed
    dividends</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(k)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">241</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">81</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Derivatives
    transactions </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(d)
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">147</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">282</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Various
    creditors</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">95</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">84</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others
    </FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">661</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">634</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>4,973</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>4,025</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,001</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,875</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,972</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,150</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
following references detail the nature of the operations that make up the balances of other assets and liabilities:</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a)
Amounts deposited for payment of obligations related to the finance agreement with China Development Bank, as well as margin in guarantee
for futures and over-the-counter derivatives. In addition, there are amounts in investment funds from escrow accounts related to divestment
of TAG and NTS.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b)
Amounts whose compensation must be made by supplying materials or providing services contracted with these suppliers.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c)
Spending on platform charters and equipment rentals when the start of operations has been postponed due to legal requirements or to the
need for technical adjustments.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">d)
Fair value of open positions and transactions closed but not yet settled.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">e)
Cash and amounts receivable from partners in E&amp;P consortia operated by Petrobras.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">f)
Provisions for contractual indemnities and financial reimbursements assumed by Petrobras to be made to the acquirer, referring to abandonment
costs of divested assets. The settlement of these provisions follows decommissioning schedules, with payments beginning between two and
three months after the date expected for the execution of operations, according to the contractual terms for reimbursement of abandonment
of the respective oil fields.</FONT></P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">g)
Retained amounts from obligations with suppliers to guarantee the execution of the contract, accounted for when the obligations with
suppliers are due. Contractual retentions will be paid to suppliers at the end of the contract, upon issuance of the contract termination
term.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">h)
Amounts related to the advances or cash receipt from third parties, related to the sale of products or services.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">i)
Accrued amounts for environmental compensation assumed by the Company in the course of its operations and research projects.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">j)
Non-current portion of other taxes (see note 16).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">k)
Dividends made available to shareholders and not paid due to the existence of pending registration issues for which the shareholders
are responsible with the custodian bank for the shares and with Petrobras, according to note 33.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for other assets and liabilities</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
accounting recognition of obligations arising from divestment is at present value, using a risk-free discount rate, adjusted to the company's
credit risk, being the best estimate of the disbursement required to settle the present obligation on the statement of financial position
date. The obligations are subject to significant changes as activity execution schedules are updated and detailed by buyers.</FONT></P>

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<TD STYLE="width: 0.25in"><A NAME="a_026"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>21.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>The
                                            &ldquo;Lava Jato (Car Wash) Operation&rdquo; and its effects on the Company</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company has monitored the progress of investigations under the &ldquo;Lava Jato&rdquo; Operation and, in the preparation of these annual
consolidated financial statements for the the year ended December 31, 2022, did not identify any additional information that would affect
the adopted calculation methodology to write off, in the third quarter of 2014, amounts overpaid for the acquisition of property, plant
and equipment. The Company will continue to monitor these investigations for additional information in order to assess their potential
impact on the adjustment made.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
addition, the Company has fully cooperated with the Brazilian Federal Police (<I>Pol&iacute;cia Federal</I>), the Brazilian Public Prosecutor&rsquo;s
Office (<I>Minist&eacute;rio P&uacute;blico Federal</I>), the Federal Auditor&rsquo;s Office (<I>Tribunal de Contas da Uni&atilde;o</I>
&ndash; TCU) and the General Federal Inspector&rsquo;s Office (<I>Controladoria Geral da Uni&atilde;o</I>) in the investigation of all
crimes and irregularities.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">During
2022, new leniency and plea agreements entitled the Company to receive funds with respect to compensation for damages, in the amount
of US$&nbsp;96 (US$&nbsp;235 in 2021), accounted for as other income and expenses. Thus, the total amount recovered from Lava Jato investigation
through December 31, 2022 was US$&nbsp;1,618.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>21.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Investigations
                                            involving the Company</B></FONT></TD></TR></TABLE>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>21.1.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Order
                                            of civil inquiry - Brazilian Public Prosecutor&rsquo;s Office</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
December 15, 2015, the State of S&atilde;o Paulo Public Prosecutor&rsquo;s Office issued the Order of Civil Inquiry 01/2015, establishing
a civil proceeding to investigate the existence of potential damages caused by Petrobras to investors in the Brazilian stock market.
The Brazilian Attorney General&rsquo;s Office (<I>Procuradoria Geral da Rep&uacute;blica</I>) assessed this civil proceeding and determined
that the S&atilde;o Paulo Public Prosecutor&rsquo;s Office has no authority over this matter, which must be presided over by the Brazilian
Public Prosecutor&rsquo;s Office. In May 2022, Petrobras took notice that the proceeding was closed in February 2021.</FONT></P>

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<TD STYLE="width: 0.25in"><A NAME="a_027"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>22.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Commitment
                                            to purchase natural gas</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Gas Supply Agreement (GSA) entered into with Petrobras and Yacimientos Petroliferos Fiscales Bolivianos - YPFB was initially effective
until December 31, 2019. In addition, according to agreement provision, after December 31, 2019, the GSA was automatically extended until
the entire volume contracted is delivered by YPFB and withdrawn by Petrobras. On March 6, 2020, by means of a contractual amendment,
Petrobras and YPBF changed the daily contracted quantity (QDC) from 30.08 million m&sup3; per day to 20 million m&sup3; per day, which
became effective as from March 11, 2020. On August 5, 2022, through a new contractual amendment, Petrobras and YPBF once again modified
the GSA, adjusting, among other aspects, the minimum supply and payment commitments, which changed from annual constant to monthly seasonal.
Furthermore, the aforementioned contracted volume was consolidated and updated.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Thus,
as of December 31, 2022, the total amount of the GSA for 2023, corresponding to the delivery obligation of YPFB, is nearly 5.76 billion
m&sup3; of natural gas (equivalent to 15.77 million m&sup3; per day), corresponding to a total estimated value of US$&nbsp;1.51&nbsp;billion.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Based
on the aforementioned extension clause, the Company expects purchases to continue through January 2026, considering the withdrawal based
on the Daily Quantity Guaranteed by YPFB, which means the maximum volume contracted every day, ranging from 8 million
m&sup3; per day to 20 million m&sup3; per day (on a monthly basis), representing an estimated additional amount of US$ 3.81 billion,
from January 2023 to January 2026.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">If
the withdrawal occurs based on the Daily Quantity Guaranteed by Petrobras (take-or-pay), ranging from 5.6 million m&sup3; per day to
14 million m&sup3; per day (on a monthly basis), there will be an additional extension until May 2028, representing an estimated additional
total value of US$ 3.47 billion from January 2023 to May 2028.</FONT></P>

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<TD STYLE="width: 28.35pt"><A NAME="a_028"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>23.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Property,
                                            plant and equipment</B></FONT></TD></TR></TABLE>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>23.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>By
                                            class of assets</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 40%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Land,
                                            buildings </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>and
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>improvement</B></FONT></P></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Equipment
    and other assets <SUP>(*)</SUP></B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Assets
                                            under </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>construction
    <SUP>(**)</SUP></B></FONT></P></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Exploration
    and development costs&nbsp;<SUP>(***)</SUP></B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Right-of-use
    assets</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at January 1, 2022</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,383</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>53,126</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>16,922</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>35,847</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17,052</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>125,330</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,080</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">98,085</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">25,954</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">61,906</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26,382</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">216,407</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accumulated
    depreciation and impairment (****)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,697)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(44,959)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,032)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26,059)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,330)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(91,077)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Additions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">841</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,525</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">48</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,126</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15,540</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Decommissioning
    costs - Additions to / review of estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,269</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,269</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Capitalized
    borrowing costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,021</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,021</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Signature
    Bonuses Transfers (*****)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,177</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,177</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Write-offs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(20)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(746)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,152)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(667)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,469)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,054)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfers
    (******)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">130</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,162</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8,611)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,617</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">300</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfers
    to assets held for sale</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(27)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,874)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(410)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,976)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(140)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,427)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    amortization and depletion</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(88)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,746)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,306)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,478)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14,618)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Impairment
    recognition (note 25)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(693)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(605)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(142)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(13)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,453)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Impairment
    reversal (note 25)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">223</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">52</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">290</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">160</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,854</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,133</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,515</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,132</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,794</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,538</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>55,147</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>14,838</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>38,434</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>19,212</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>130,169</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,343</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">105,429</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23,938</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">67,581</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29,670</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">230,961</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accumulated
    depreciation and impairment (****)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,805)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(50,282)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,100)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(29,147)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10,458)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(100,792)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 40%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at January 1, 2021</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,043</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>58,680</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>15,443</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>31,166</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>15,869</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>124,201</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,450</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">107,199</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">27,544</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">60,902</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23,780</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">224,875</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accumulated
    depreciation and impairment (****)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,407)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(48,519)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12,101)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(29,736)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,911)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(100,674)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Additions
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,650</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,761</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,954</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,370</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Decommissioning
    costs - Additions to / review of estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,069)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,069)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Capitalized
    borrowing costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">971</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">971</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Signature
    Bonuses Transfers (****)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,629</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,629</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Write-offs&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(38)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(588)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(599)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,645)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(279)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,149)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfers
    (******)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(295)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,934</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,160)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,781</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,263</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfers
    to assets held for sale</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(53)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,776)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(575)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(822)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,240)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    amortization and depletion </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(97)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,235)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,342)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,281)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12,955)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Impairment
    recognition </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(377)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(27)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(409)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Impairment
    reversal</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,796</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">114</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,879</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">34</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,823</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(177)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,958)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,032)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,708)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,230)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,105)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,383</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>53,126</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>16,922</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>35,847</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17,052</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>125,330</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,080</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">98,085</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">25,954</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">61,906</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26,382</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">216,407</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accumulated
    depreciation and impairment (****)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,697)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(44,959)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,032)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26,059)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,330)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(91,077)</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #7F7F7F">(*)
    It is composed of production platforms, refineries, thermoelectric power plants, natural gas processing plants, pipelines, and other
    operating, storage and production plants, including subsea equipment for the production and flow of oil and gas, depreciated based
    on the units of production method.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #7F7F7F">(**)
    See note 12 for assets under construction by operating segment.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #7F7F7F">(***)
    It is composed of exploration and production assets related to wells, abandonment and dismantling of areas, signature bonuses associated
    with proved reserves and other costs directly associated with the exploration and production of oil and gas (oil and gas production
    properties).</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #7F7F7F">(****)
    In the case of land and assets under construction, it refers only to impairment losses.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #7F7F7F">(*****)
    Transfer from intangible assets related to Atapu, Sepia and Itapu fields in 2022 (related to B&uacute;zios in 2021). </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #7F7F7F">(*****)
    It includes mainly transfers between classes of assets and transfers from advances to suppliers.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 58 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
investments made by the company in 2022 were mainly for the development of oil and natural gas field production, primarily in the pre-salt
(B&uacute;zios, Mero, Tupi, Itapu, among others), including the contracting of new leases.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>23.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Estimated
                                            useful life</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
useful life of assets depreciated by the linear method are shown below:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 35%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Asset</B></FONT></TD>
    <TD STYLE="width: 65%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Weighted
    average useful life in years</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Buildings
    and improvement</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">40
    (25 to 50)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Equipment
    and other assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20
    (3 to 31) (except assets by the units of production method)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exploration
    and development costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Units
    of production method</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Right-of-use</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8
    (2 to 47)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
estimated useful life of buildings and improvements, equipment and other assets is as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Buildings
    and improvements, equipment and other assets</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 58%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 14%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 14%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 14%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Estimated
    useful life </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Cost</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Accumulated&nbsp;&nbsp;depreciation</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Balance
    at December 31, 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5&nbsp;&nbsp;years
    or less</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,762</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,894)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">868</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6
    - 10 years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,316</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6,288)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,028</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11
    - 15 years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,442</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,767)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,675</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16
    - 20 years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">27,705</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(16,590)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,115</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21
    - 25 years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30,195</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,709)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22,486</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">25
    - 30 years</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,727</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,480)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,247</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30
    years or more</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,600</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,855)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,745</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Units
    of production method</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16,907</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10,498)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,409</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Total</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">109,654</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(52,081)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">57,573</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Buildings
    and improvements</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,225</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,799)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,426</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Equipment
    and other assets</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">105,429</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(50,282)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">55,147</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>23.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Right-of-use
                                            assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
table below shows the split by type of asset and readjustment clauses with possible impacts on accumulated depreciation and impairment,
as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; width: 44%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 14%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Platforms</B></FONT></TD>
    <TD STYLE="width: 14%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Vessels</B></FONT></TD>
    <TD STYLE="width: 14%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Properties</B></FONT></TD>
    <TD STYLE="width: 14%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,211</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,254</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,747</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>19,212</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12,604</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,788</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,278</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29,670</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accumulated
    depreciation and impairment</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,393)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6,534)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(531)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10,458)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Without
    contractual readjustment clauses</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,322)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(64)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,386)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">With
    contractual readjustment clauses &nbsp;- Brazil</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,393)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(218)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,611)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">With
    contractual readjustment clauses &ndash; abroad </FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(994)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(467)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,461)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,840</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,997</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,215</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17,052</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13,362</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,267</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,753</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26,382</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accumulated
    depreciation and impairment</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,522)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,270)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(538)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,330)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Without
    contractual readjustment clauses</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,375)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(97)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,472)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">With
    contractual readjustment clauses &nbsp;- Brazil</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,522)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(196)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,718)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">With
    contractual readjustment clauses &ndash; abroad </FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(699)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(441)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,140)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for property, plant and equipment</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Property,
plant and equipment are measured at the cost of acquisition or construction, including all costs necessary to bring the asset to working
condition for its intended use and the estimated cost of dismantling and removing the asset and restoring the site, reduced by accumulated
depreciation and impairment losses.</FONT></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A
condition for continuing to operate certain items of property, plant and equipment, such as industrial plants, offshore plants and vessels
is the performance of regular major inspections and maintenance. Those expenditures are capitalized if a maintenance campaign is expected
to occur, at least, 12 months later. Otherwise, they are expensed when incurred. The capitalized costs are depreciated over the period
through the next major maintenance date.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Spare
parts are capitalized when they are expected to be used during more than one period and can only be used in connection with an item of
property, plant and equipment, and are depreciated over the useful life of the item of property, plant and equipment to which they relate.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Borrowing
costs directly attributable to the acquisition or construction of qualifying assets are capitalized as part of the costs of these assets.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">General
borrowing costs are capitalized based on the Company&rsquo;s weighted average cost of borrowings outstanding applied over the balance
of assets under construction.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
general, the Company suspends capitalization of borrowing to the extent investments in a qualifying asset hibernates during a period
greater than one year or whenever the asset is prepared for its intended use.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Assets
directly associated to the production of oil and gas in a contracted area whose useful lives are not less than the life of the field
(reserve exhaustion time), including rights and concessions such as signature bonus, are depleted by the unit-of-production method.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
unit-of-production method of depreciation (amortization) is computed based on the monthly production volume over the proved developed
oil and gas reserves, except for signature bonuses for which unit of production method takes into account the monthly production over
the total proved oil and gas reserves on a field-by-field basis.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Assets
related to oil and gas production with useful lives shorter than the life of the field; floating platforms and other assets unrelated
to oil and gas production are depreciated on a straight-line basis over their useful lives, which are reviewed annually. Note 23.2 provides
further information on the estimated useful life by class of assets. Lands are not depreciated.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Right-of-use
assets are presented as property, plant and equipment and, according to the useful lives of their respective underlying assets and the
characteristics of lease agreements (term, asset transfer or exercise of call option), are depreciated using the straight-line method
based on contractual terms.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>23.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Oil
                                            and Gas fields operated by Petrobras returned to ANP</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, the following oil and gas fields were returned to ANP: Anequim, Congro, Corvina, Garoupa, Garoupinha, Malhado, Namorado, Parati
and Viola. These fields were returned to ANP mainly due to their economic unfeasibility and, as a consequence, the Company wrote off
the amount of US$&nbsp;619 in addition to impairments recognized in prior years.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2021, the following oil and gas fields were returned to ANP: Bijupir&aacute;, Lagosta, Merluza e Salema. These fields were returned to
ANP mainly due to their economic unfeasibility and, as a consequence, the Company wrote off the amount of US$&nbsp;27 in addition to
impairments recognized in prior years.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2020, the following oil and gas fields were returned to ANP: Agulha, Caioba, Camorim, Dourado, Guaricema, Piranema, Piranema Sul, Salgo
e Tatu&iacute;. These fields were returned to ANP mainly due to their economic unfeasibility and, as a consequence, the Company wrote
off the amount of US$&nbsp;12 in addition to impairments recognized in prior years.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>23.5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Capitalization
                                            rate used to determine the amount of borrowing costs eligible for capitalization </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
capitalization rate used to determine the amount of borrowing costs eligible for capitalization was the weighted average of the borrowing
costs applicable to the borrowings that were outstanding during the period, other than borrowings made specifically for the purpose of
obtaining a qualifying asset. For the year ended December 31,2022, the capitalization rate was 6.55% p.a. (6.17% p.a. for the year ended
December 31, 2021).</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><A NAME="a_029"></A><B>24.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Intangible
                                            assets</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>24.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>By
                                            class of assets</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 44%; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Rights
    and Concessions (*)</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Software</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Goodwill</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at January 1, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,695</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>308</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>22</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,025</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,744</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,321</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,087</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accumulated
    amortization and impairment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(49)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,013)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,062)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Addition</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">898</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">181</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,079</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Capitalized
    borrowing costs</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Write-offs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(18)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfers</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Signature
    Bonuses Transfers (**)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,177)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,177)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Amortization</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(73)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(77)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Impairment
    recognition</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">134</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">156</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,523</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>439</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>24</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,986</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,578</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,560</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,162</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accumulated
    amortization and impairment</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(55)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,121)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,176)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Estimated
    useful life in years</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(***)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Indefinite</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at January 1, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>14,714</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>210</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>24</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>14,948</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,803</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,245</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16,072</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accumulated
    amortization and impairment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(89)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,035)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,124)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Addition</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">106</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">165</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">271</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Capitalized
    borrowing costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Write-offs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfers
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(94)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(91)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Signature
    Bonuses Transfers (**)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11,629)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11,629)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Amortization</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(54)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(60)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Impairment
    reversal </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(384)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(19)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(405)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,695</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>308</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>22</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,025</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,744</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,321</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,087</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accumulated
    amortization and impairment</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(49)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,013)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,062)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Estimated
    useful life in years</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(***)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Indefinite</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It comprises mainly signature bonuses (amounts paid in concession contracts for oil or natural gas exploration and production sharing),
    in addition to public service concessions, trademarks and patents and others.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(**)
    Transfer to PP&amp;E relating to S&eacute;pia, Atapu and Itapu in 2022 (B&uacute;zios in 2021). </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(***)
    Mainly composed of assets with indefinite useful lives, which are reviewed annually to determine whether events and circumstances
    continue to support an indefinite useful life assessment.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>24.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>ANP
                                            Bidding Result</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Sudoeste
de Sagit&aacute;rio, &Aacute;gua Marinha e Norte de Brava Blocks - 1st Cycle of Permanent Offer for Production Sharing </B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
December 16, 2022, Petrobras acquired the right to explore and produce oil and natural gas in Sudoeste de Sagit&aacute;rio, &Aacute;gua
Marinha and Norte de Brava blocks in the 1st Cycle of Permanent Offer for Production Sharing, carried out by the ANP. The total amount
of signature bonuses to be paid by Petrobras is US$&nbsp;140 (R$&nbsp;729 million), which the Company expects to pay in the first quarter
of 2023, to be accounted for as intangible assets.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Sudoeste de Sagit&aacute;rio block was acquired with Shell Brasil, which will have a 40% interest, while Petrobras will be the operator
with a 60% interest.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
&Aacute;gua Marinha block was acquired in partnership with TotalEnergies EP (30%), Petronas (20%), and QatarEnergy (20%), while Petrobras
will be the operator with a 30% interest.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Norte de Brava block was entirely acquired by Petrobras.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>24.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Surplus
                                            volumes of Transfer of Rights Agreement</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Atapu
and S&eacute;pia</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
April 27, 2022, Petrobras signed the Production Sharing Contract for the surplus volume of the Transfer of Rights Agreement related to
the Atapu field, in partnership with Shell Brasil Petr&oacute;leo Ltda (Shell, 25%) and TotalEnergies EP Brasil Ltda. (TotalEnergies,
22.5%), and related to the S&eacute;pia field in consortium with TotalEnergies (28%), Petronas Petr&oacute;leo Brasil Ltda. (Petronas,
21%) and QP Brasil Ltda. (QP, 21%), according to the results of the Second Bidding Round for the Surplus Volume of the Transfer of Rights
Agreement in the Production Sharing regime, which was held on December 17, 2021.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Also
on April 27, 2022, the Company signed the Co-participation Agreements and the Amendments to the Agreement for the Individualization of
Atapu and S&eacute;pia Production (AIPs), which are necessary to manage the coexisting deposits of the Transfer of Rights Agreement and
the Production Sharing Contract (related to the surplus volume) of these areas.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
compensation to Petrobras for Atapu and S&eacute;pia, including an estimate of the gross-up of the taxes levied, pursuant to Ordinance
No. 8 of April 19, 2021 of the MME, were paid by the partners in April 2022, totaling US$&nbsp;2,093 for Atapu and US$&nbsp;3,059 for
S&eacute;pia.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
agreements became effective on May 2, 2022, when Pr&eacute;-Sal Petr&oacute;leo S.A. (PPSA) confirmed there was no settlement pending
for this transaction, in accordance with the provisions of Ordinance No. 519 of May 21, 2021 of the MME.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
the same date, a partial write-off of the assets associated with these fields was carried out, in exchange for the financial compensation,
resulting in a transaction similar to a sale.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
signature bonus corresponding to the Company's participation in the Production Sharing Contract was US$&nbsp;416 for Atapu and US$&nbsp;424
for S&eacute;pia.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Since
these agreements relate to the surplus volume of fields with technical and commercial feasibility already identified, the signature bonuses
paid by the Company in the first quarter of 2022, totaling US$&nbsp;840, were transferred from intangible assets to property, plant and
equipment after the Co-participation Agreements came into effect.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company accounted for an additional US$&nbsp;129 gain corresponding to the difference between the estimate and the final calculation
of the gross-up of taxes levied on the gain on the transfer of assets to the Production Sharing regime, as provided for in the mentioned
ordinance (US$&nbsp;60 for Atapu and US$&nbsp;69 for S&eacute;pia). These amounts were paid to Petrobras in July 2022.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Additionally,
as established in Ordinance No. 8 of April 19, 2021, between 2022 and 2032, whenever the price of Brent oil reaches an annual average
ranging from US$&nbsp;40.00 to US$&nbsp;70.00, an earn out is due to Petrobras, for which the Company expects to receive a maximum of
US$&nbsp;5,244.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, the Company recognized part of this contingent asset related to the Earn Out for the years 2022 and 2023, in the amount of US$&nbsp;693,
within other income and expenses, considering that the inflow of economic benefits is virtually certain, of which: (i) US$&nbsp;384,
received in January 2023, as set out in Note 37; and (ii) US$&nbsp;309 expected to be received in 2024.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Such
earn outs are due as of the last business day of January of the subsequent year.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
total gain in this operation, including the earn out for 2022, was US$&nbsp;3,552 (US$&nbsp;1,242 for Atapu and US$&nbsp;2,310 for S&eacute;pia),
accounted for within other income and expenses.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>B&uacute;zios</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
November 6, 2019, the ANP held the Bidding Round for the Surplus Volume of the Transfer of Rights Agreement, when the Company acquired
a 90% interest in the exploration and production rights of the surplus volume of B&uacute;zios field, in the pre-salt layer of Santos
basin, in partnership with CNODC Brasil Petr&oacute;leo e G&aacute;s Ltda. - CNODC (5%) and CNOOC Petroleum Brasil Ltda. - CNOOC (5%).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Expenses
incurred by Petrobras in the ordinary operations of the bidding area for the benefit of the consortium, made prior to the start of the
B&uacute;zios Co-participation Agreement and not included in the total compensation amount, in the updated amount of US$&nbsp;58 (R$&nbsp;319
million), were reimbursed to Petrobras by the partners CNODC and CNOOC in February 2022.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
addition, on March 4, 2022, Petrobras signed an agreement with its partner CNOOC for the transfer of 5% of its interest in the Production
Sharing Contract for the Surplus Volume of the Transfer of Rights Agreement of the B&uacute;zios field, in the pre-salt layer of the
Santos basin, to this company. The agreement results from the call option exercised by CNOOC on September 29, 2021.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
November 24, 2022, Petrobras received US$&nbsp;1,953 referring to the compensation and reimbursement of the signature bonus of CNOOC's
additional interest, including adjustments provided for in the contract up to the closing date. On November 30, 2022, the operation was
closed with the signature of the amendment to the Production Sharing Contract by the Ministry of Mines and Energy. The agreement entered
into force on December 1, 2022.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
total gain in this operation was US$&nbsp;735 accounted for within other income and expenses.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">After
the transaction becomes effective, Petrobras hold an 85% interest in the Production Sharing Contract of the Surplus Volume of the Transfer
of Rights Agreement of the B&uacute;zios field, CNOOC hold a 10% interest and CNODC a 5% interest. The total participation in this B&uacute;zios
Co-participation Agreement, including the portions of the Transfer of Rights Agreement and of the BS-500 Concession Agreement (100% of
Petrobras) is 88.99% of Petrobras, 7.34% of CNOOC and 3.67% of CNODC.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>24.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Exploration
                                            rights returned to the Brazilian Agency of Petroleum, Natural Gas and Biofuels - Ag&ecirc;ncia
                                            Nacional de Petr&oacute;leo, G&aacute;s Natural e Biocombust&iacute;veis (ANP)</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, there were no basins returned to the ANP. In 2021, 3 exploration areas in Santos and Potiguar basins were returned to the ANP,
totaling US$&nbsp;3.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for intangible assets</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Intangible
assets are measured at the acquisition cost, less accumulated amortization and impairment losses.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Internally-generated
intangible assets are not capitalized and are expensed as incurred, except for development costs that meet the recognition criteria related
to the completion and use of assets, probable future economic benefits, and others.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">When
the technical and commercial feasibility of oil and gas production is demonstrated for the first field in an area, the value of the signature
bonus is reclassified to property, plant and equipment at their full value. While they are registered in intangible assets, they are
not amortized. Other intangible assets with defined useful lives are amortized on a straight-line basis over their estimated useful lives.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">If,
when defining the technical and commercial feasibility of the first field of a block, there are exploratory activities being carried
out in different locations in the block, so that oil and gas volumes can be estimated for other possible reservoirs in the area, then
the value of the signature bonus is partially reclassified to PP&amp;E, based on the ratio between the volume of oil and gas expected
(oil in place - VOIP) of a specific reservoir and the total volume of oil and gas expected for all possible reservoirs in the area.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">If
exploratory activities in the remaining areas do not result in technical and commercial viability, the corresponding value of the signature
bonus is not written off, but transferred to PP&amp;E and added to the value of the signature bonus related to the location that was
previously assessed as technically and commercially viable.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Intangible
assets with an indefinite useful life are not amortized but are tested annually for impairment. Their useful lives are reviewed annually.</FONT></P>

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<TD STYLE="width: 0.25in"><A NAME="a_030"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>25.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Impairment</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 52%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>(Losses)
    / reversals</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Property,
    plant and equipment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,163)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,414</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,342)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Intangible
    assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assets
    classified as held for sale</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(151)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(225)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Impairment
    losses</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,315)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,190</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(7,339)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Investments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">383</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(514)</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    effect within the statement of income</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,321)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,573</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(7,853)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Losses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,640)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(654)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15,692)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Reversals</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">319</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,227</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,839</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company annually tests its assets for impairment or when there is an indication that their carrying amount may not be recoverable, or
that there may be a reversal of impairment losses recognized in previous years.</FONT></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->62<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
November 30, 2022, management concluded and approved its 2023-2027 Strategic Plan, considering a complete update of economic assumptions,
as well as its project portfolio and estimates of reserve volumes.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
oil and gas production estimated in the scope of this plan indicates a continuous growth focused on the development of projects that
generate higher value, with an increase in the participation of assets in the pre-salt layer, which present lower lifting costs. During
this period, 18 new production systems are expected to enter into operation, all of which to be allocated to deep and ultra-deep water
projects.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>25.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Impairment
                                            of property, plant and equipment and intangible assets</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 45%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Asset
    or CGU by nature (*)</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Carrying
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>amount
    </B></FONT></P></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Recoverable
    amount (**)</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Impairment
    (losses) / reversals</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Business</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>segment</B></FONT></P></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Comments</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Property,
    plant and equipment and intangible assets</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Producing
    properties relating to oil and gas activities in Brazil (several CGUs)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,307</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,747</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(628)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">item
    (a1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Oil
    and gas production and drilling equipment in Brazil</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">486</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">7</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(478)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;item
    (b1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Itabora&iacute;
    utilities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">919</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">777</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(142)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">item
    (c)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Second
    refining unit in RNEST</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">792</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">882</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">89</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;item
    (d1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Several</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,164)</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Property,
    plant and equipment and intangible assets</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Producing
    properties relating to oil and gas activities in Brazil (several CGUs)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23,734</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36,396</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,373</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">item
    (a2)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Oil
    and gas production and drilling equipment in Brazil</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">250</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(250)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;item
    (b2)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Second
    refining unit in RNEST </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">404</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">767</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">359</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;item
    (d2)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(67)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Several</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,415</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Property,
    plant and equipment and intangible assets</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Producing
    properties relating to oil and gas activities in Brazil (several CGUs)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">42,421</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">40,511</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,316)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">item
    (a3)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Oil
    and gas production and drilling equipment in Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">120</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(119)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;item
    (b3)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Second
    refining unit in RNEST </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">410</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">388</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(22)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;item
    (d3)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Comperj</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">266</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">526</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">260</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;item
    (e)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Corporate
    facilities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">152</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(161)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Corporate,
    others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;item
    (f)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Several</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(7,354)</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It only includes carrying amounts and recoverable amounts of impaired assets or assets for which reversals were recognized.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(**)
    The recoverable amounts of assets for impairment computation were their value in use, except for assets held for sale, for which
    is used fair value.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
assessing the recoverable amount of property, plant and equipment and intangible assets, individually or grouped in CGUs, the Company
bases its cash flow projections on:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the
                                            estimated useful life of the asset or assets grouped into the CGU, based on the expected
                                            use of those assets, considering the Company&rsquo;s maintenance policy; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">assumptions
                                            and financial forecasts approved by management for the period corresponding to the expected
                                            life cycle of each different business; and </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.3pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">discount
                                            rates derived from the Company&rsquo;s post-tax weighted average cost of capital (WACC),
                                            adjusted by specific risk-premiums in case of projects postponed for an extended period,
                                            or by specific country-risks, in case of assets abroad. The use of post-tax discount rates
                                            in determining value in use does not result in different recoverable amounts if pre-tax discount
                                            rates had been used.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>25.1.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Planning
                                            assumptions used in impairment testing</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
cash flow projections used to measure the value in use of the CGUs, at December 31, 2022, were mainly based on the following updated
assumptions for average Brent prices and Brazilian real/U.S. dollar average exchange rates:</FONT></P>


<!-- Field: Page; Sequence: 64 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->63<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

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  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 56%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2023-2027
    Strategic Plan</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2023</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2024</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2025</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2026</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2027</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Long
    term Average</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    Brent (US$/barrel)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">85</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">80</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">75</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">70</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">65</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">55</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    Brazilian Real (excluding inflation) - Real /U.S. dollar exchange rate</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.02</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.00</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.00</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.97</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.88</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.76</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">At
December 31, 2021, average Brent prices and Brazilian real/U.S. dollar average exchange rates used were:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 56%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022-2026
    Strategic Plan (*)</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2023</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2024</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2025</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2026</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Long
    term Average</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    Brent (US$/barrel)</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">72</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">65</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">60</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">55</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">55</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">55</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    Brazilian Real (excluding inflation) - Real /U.S. dollar exchange rate</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.40</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.33</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.19</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.15</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.14</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.08</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">At
December 31, 2020, average Brent prices and Brazilian real/U.S. dollar average exchange rates used were:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 56%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021-2025
    Strategic Plan (*)</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2023</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2024</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2025</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Long
    term Average</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    Brent (US$/barrel)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">45</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">45</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    Brazilian Real (excluding inflation) - Real /U.S. dollar exchange rate</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.50</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.69</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.46</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.28</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.07</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3.76</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Post-tax
discount rates, excluding inflation, applied in the tests which presented the main impairment losses and reversals for the period were:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 43%; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Activity</B></FONT></TD>
    <TD STYLE="width: 41%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Producing
    properties relating to oil and gas activities in Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7.3%
    p.a.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.4%
    p.a.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M
    in Brazil &ndash; postponed projects</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7.1%
    p.a.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.2%
    p.a.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    utilities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.7%
    p.a.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.1%
    p.a.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Information
on key assumptions for impairment testing and on CGU definitions is presented in note 4.2.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>25.1.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Information
                                            on the main impairment losses of property, plant and equipment and intangible assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>a1)
Producing properties in Brazil &ndash; 2022</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Impairment
losses on producing properties in Brazil amount to US$&nbsp;628, mainly in Roncador field (US$&nbsp;518), reflecting the revision of
abandonment costs and of the recovery of areas, as well as changes in operational efficiency estimates, which had a negative effect over
production curves of this field.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>a2)
Producing properties in Brazil &ndash; 2021</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Impairment
reversals on producing properties in Brazil amount to US$&nbsp;3,918, most of it related to CGUs of producing properties, reflecting
the revision on the key assumptions of the 2022-2026 Strategic Plan, mainly the increase in average Brent prices.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>a3)
Producing properties in Brazil &ndash; 2020</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Impairment
losses on producing properties in Brazil amounted to US$&nbsp;7,316, most of it related to CGUs that provided service in E&amp;P fields,
also reflecting the hibernation of producing assets on the first quarter of 2020, as well as the revision on the key assumptions of the
Strategic Plan, mainly expected Brent prices, depreciation of Brazilian real against U.S. dollar, economic slowdown and reduction on
demand for oil and oil products.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>b1)
Oil and gas production and drilling equipment in Brazil &ndash; 2022</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Impairment
losses of US$&nbsp;478 relates to equipment and structures in the E&amp;P segment, mainly due to the decision to cease the use of platforms
P-18, P-19, P-20, P-35 and P-47 in the Marlim field, leading to the recognition of losses in the amount of US$&nbsp;402.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>b2)
Oil and gas production and drilling equipment in Brazil - 2021</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Impairment
losses of US$&nbsp;250 relates to equipment and structures in the E&amp;P segment, mainly due to the decision to cease the use of platforms
P-26 and P-33 in the Marlim field, leading to the recognition of losses in the amount of US$&nbsp;210.</FONT></P>


<!-- Field: Page; Sequence: 65 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>b3)
Oil and gas production and drilling equipment in Brazil - 2020</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Impairment
losses of US$&nbsp;120 relates to equipment and structures in the E&amp;P segment, mainly due to the decision to cease with the Estaleiro
Inha&uacute;ma project, leading to the recognition of losses in the amount of US$&nbsp;69.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>c)
Itabora&iacute; utilities</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
postponement of the beginning of operations of the Natural Gas Processing Unit (UPGN) of the Gaslub plant in Itabora&iacute;, in the
state of Rio de Janeiro, due to the termination of the agreement with the contractor responsible for the works, impacted revenue estimate,
resulting in the recognition of a US$&nbsp;142 impairment loss.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>d1)
Second refining unit of RNEST &ndash; 2022</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
cash flows to measure the value in use of the second refining unit of RNEST considers operational optimization and the margins for the
refining segment estimated in the 2023-2027 Strategic Plan, triggering impairment reversals in the amount of US$&nbsp;89.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>d2)
Second refining unit of RNEST &ndash; 2021</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
cash flows to measure the value in use of the second refining unit of RNEST took into account the decision to resume the works, according
to the 2022-2026 Strategic Plan, triggering impairment reversals in the amount of US$&nbsp;359.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>d3)
Second refining unit of RNEST &ndash; 2020</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
cash flows to measure the value in use of the second refining unit of RNEST took into account the postponing of the beginning of the
operation, triggering impairment losses in the amount of US$&nbsp;22.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>e)
Comperj &ndash; 2020</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Impairment
reversals amounted to US$&nbsp;260, mainly due to the reduction in the estimated investments for the completion of the project relating
to the first refining unit facilities, resulting from the depreciation of the Brazilian Real in relation to the U.S. Dollar, as well
as to optimization measures adopted.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>f)
Corporate facilities &ndash; 2020</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company decided to hibernate a corporate building, in the state of Bahia, due to its permanent vacancy, resulting in a US$ 161 impairment
loss on the right of use asset.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>25.1.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Assets
                                            most sensitive to future impairment</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Whenever
the recoverable amount of an asset or CGU falls below the carrying amount, an impairment loss is recognized to reduce the carrying amount
to the recoverable amount. The following table presents the assets and CGUs most sensitive to future impairment losses, presenting recoverable
amounts close to their current carrying amounts.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
analysis presented below considers CGUs with estimated impairment losses or reversals if there was a 10% reduction or increase in their
recoverable amounts, arising from changes in material assumptions:</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 59%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Potential
    impairment losses - 10% reduction in the recoverable amount</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Business</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>segment</B></FONT></P></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Carrying
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>amount
    </B></FONT></P></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Recoverable
    amount </B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Sensitivity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Asset
    with recoverable amount close to its carrying amount</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">CGU
    Marlim Sul</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,544</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,365</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(179)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assets
    with impairment losses </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Producing
    properties relating to oil and gas activities in Brazil (CGU Roncador)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,313</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,581</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(732)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Second
    refining unit of RNEST </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RTC</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">882</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">794</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(88)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Itabora&iacute;
    utilities</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">G&amp;E</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">777</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">699</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(78)</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>14,516</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>13,439</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,077)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Potential
    impairment reversals - 10% increase in the recoverable amount</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Business</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>segment</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Carrying
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>amount
    </B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Recoverable
    amount </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Sensitivity
    (*)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assets
    with impairment losses </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Producing
    properties relating to oil and gas activities in Brazil (CGU Roncador)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,313</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,044</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">731</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Second
    refining unit of RNEST </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RTC</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">882</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">970</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">88</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Itabora&iacute;
    utilities</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">G&amp;E</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">777</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">855</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">78</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,972</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,869</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>897</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: rgb(103,92,83)">(*)
    When calculating a 10% increase in the recoverable amount, the amount of impairment to be reversed is limited to the accumulated
    impairment of the CGU or to their recoverable amounts, whichever is lower.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for impairment of property, plant and equipment and intangible assets</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Property,
plant and equipment and intangible assets are assessed for impairment at the smallest identifiable group that generates largely independent
cash inflows from other assets or groups of assets (CGU). Note 4.2 presents detailed information about the Company&rsquo;s CGUs.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Assets
related to development and production of oil and gas assets (fields or group of fields) that have indefinite useful lives, such as goodwill,
are tested for impairment at least annually, irrespective of whether there is any indication of impairment.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Considering
the existing synergies between the Company&rsquo;s assets and businesses, as well as the expectation of the use of its assets for their
remaining useful lives, value in use is generally used by the Company for impairment testing purposes. When specifically indicated, the
Company assesses differences between its assumptions and assumptions that would be used by market participants in the determination of
the fair value of an asset or CGU.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Reversal
of previously recognized impairment losses may occur for assets other than goodwill.</FONT></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->66<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>25.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Assets
                                            classified as held for sale</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 53%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Asset
    or CGU by nature (*)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Carrying
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>amount
    </B></FONT></P></TD>
    <TD STYLE="vertical-align: bottom; width: 12%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Recoverable
    amount (**)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Impairment
    (losses) / reversals</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 16%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Business</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>segment</B></FONT></P></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Producing
    properties relating to oil and gas activities</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">376</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">300</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(116)</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Refinery
    and associated logistics assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">77</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">34</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(44)</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(151)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Thermoelectric
    power plants</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">91</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(79)</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">G&amp;E</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Investments
    in associates and joint ventures</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">107</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">44</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(67)</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">G&amp;E</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Oil
    and gas production and drilling equipment</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">47</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(46)</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Refineries
    and associated logistics assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">255</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">218</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(37)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(225)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Producing
    properties relating to oil and gas activities</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">279</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">67</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cartola
    and Ataulfo Alves vessels</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">80</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(62)</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>15</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    </TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD  STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It only includes carrying amounts and recoverable amounts of impaired assets or assets for which reversals were recognized.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(**)
    The recoverable amounts of assets for impairment computation were their fair value.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, the Company recognized losses on assets held for sale, in the amount of US$&nbsp;150, arising from the assessment at the fair value
of assets, net of disposal expenses, mainly:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">producing
                                            properties relating to oil and gas activities &ndash; a US$&nbsp;116 impairment loss, due
                                            to the revision of abandonment costs and of the recovery of areas of several concessions
                                            in groups of fields Golfinho (a US$&nbsp;72 impairment loss), Pescada (a US$&nbsp;29 impairment
                                            loss) and Camarupim (a US$&nbsp;15 impairment loss); and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">refinery
                                            and associated logistics assets: approval for the disposal of LUBNOR refinery, in the state
                                            of Cear&aacute;, resulting in the recognition of a US$&nbsp;44 impairment loss.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2021, the Company recognized losses on assets held for sale, in the amount of US$&nbsp;225, arising from the assessment at the fair value
of assets, net of disposal expenses, mainly due to:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">i.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Cama&ccedil;ari
                                            power plants &ndash; following the closing of the sale of thermoelectric power plants Arembepe,
                                            Muryci and Bahia 1, located in Cama&ccedil;ari, in the state of Bahia, these assets were
                                            measured at fair value net of selling expenses, and a US$&nbsp;79 impairment loss was accounted
                                            for in the second quarter of 2021.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Breitener
                                            Energ&eacute;tica S.A &ndash; following the sale of this company, in the state of Amazonas,
                                            Petrobras recognized a US$&nbsp;67 loss; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">iii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Oil
                                            and gas production and drilling equipment in Brazil: approval for the disposal of P-32 platform,
                                            resulting in the recognition of US$&nbsp;46&nbsp;losses; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">iv.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Refineries
                                            and associated logistics assets: following the approval for the sale of refinery Isaac Sabb&aacute;
                                            (REMAN), in the state of Amazonas, a US$&nbsp;12 impairment loss was recognized, and of the
                                            refinery Shale Industrialization Unit (SIX), in the state of Paran&aacute;, a US$ 25 impairment
                                            loss was recognized.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2020, the Company recognized reversals in the amount of US$&nbsp;15 arising from the fair value of assets, net of disposal expenses,
with the most significant relating to:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">v.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the
                                            sale of Rec&ocirc;ncavo group of fields (14 concessions located onshore and in shallow waters)
                                            in the amount of US$&nbsp;35; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">vi.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the
                                            sale of Rio Ventura group of fields (8 concessions located onshore) in the amount of US$&nbsp;18;
                                            </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">vii.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the
                                            sale of Fazenda Bel&eacute;m group of fields, in the amount of US$&nbsp;14. </FONT></TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">These
reversals were partially offset by a US$&nbsp;62 impairment loss relating to Cartola and Ataulfo Alves vessels.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
accounting policy for assets and liabilities held for sale is set out in note 30.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>25.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Investments
                                            in associates and joint ventures (including goodwill)</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Value
in use is generally used for impairment test of investments in associates and joint ventures (including goodwill). The basis for estimates
of cash flow projections includes: projections covering a period of 5 to 12 years, zero-growth rate perpetuity, budgets, forecasts and
assumptions approved by management and a post-tax discount rate derived from the WACC or the Capital Asset Pricing Model (CAPM) models,
specific for each case.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for impairment of associates and joint ventures </U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Investments
in associates and joint ventures are tested individually for impairment. When performing impairment testing of an equity-accounted investment,
goodwill, if it exists, is also considered part of the carrying amount to be compared to the recoverable amount.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Except
when specifically indicated, value in use is generally used by the Company for impairment testing purposes in proportion to the Company&rsquo;s
interests in the present value of future cash flow projections via dividends and other distributions.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>25.3.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Investment
                                            in publicly traded associates</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Braskem
                                            S.A.</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Braskem&rsquo;s
shares are publicly traded on stock exchanges in Brazil and abroad. As of December 31, 2022, the quoted market value of the Company&rsquo;s
investment in Braskem was US$&nbsp;1,370 based on the quoted values of both Petrobras&rsquo; interest in Braskem&rsquo;s common stock
(47% of the outstanding shares), and preferred stock (22% of the outstanding shares). However, there is extremely limited trading of
the common shares, since non-signatories of the shareholders&rsquo; agreement hold only approximately 3% of the common shares.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Given
the operational relationship between Petrobras and Braskem, the recoverable amount of the investment for impairment testing purposes
was determined based on value in use, considering future cash flow projections and the manner in which the Company can derive value from
this investment via dividends and other distributions to arrive at its value in use. As the recoverable amount was higher than the carrying
amount, no impairment losses were recognized for this investment.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Cash
flow projections to determine the value in use of Braskem were based on estimated prices of feedstock and petrochemical products reflecting
international trends on prices, petrochemical products sales volume estimates reflecting projected Brazilian and global G.D.P. growth,
post-tax discount rate (excluding inflation) of 6.2% p.a., (WACC), and decreases in the EBITDA margin during the growth cycle of the
petrochemical industry in the next years and increases in the long-term. Estimated exchange rates and Brent prices are the same as those
set out in note 25.1.1.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
December 16, 2021, Petrobras' Board of Directors approved the model for the sale of up to 100% of its preferred shares of Braskem, to
be conducted through a secondary public offering (follow-on), according to an agreement entered into with Novonor (Braskem's parent company).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
January 17, 2022, Petrobras filed a follow-on request with the CVM. However, on January 28, 2022, the offer was canceled due to unstable
market conditions, which resulted in demand and price levels unfavorable for the transaction.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Petrobras
                                            Distribuidora S.A. (renamed Vibra Energia S.A.)</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
August 26, 2020 the Company&rsquo;s Board of Directors approved the disposal of the remaining interest in this associate and, on June
30, 2021, the Company&rsquo;s Board of Directors approved the price per common share of BR Distribuidora in the amount of US$ 5.20 (R$
26.00) for the secondary public offering (follow on) of these shares, totaling US$&nbsp;2,252 (R$&nbsp;11,264 million), net of transaction
costs.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Accordingly,
considering the sale of the shares and the cash flows arising from this sale, a US$&nbsp;404 impairment reversal was accounted for within
results of equity-accounted investments, in the second quarter of 2021. The transaction was closed on July 5, 2021.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><A NAME="a_031"></A><B>26.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Exploration
                                            and evaluation of oil and gas reserves</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
exploration and evaluation activities include the search for oil and gas reserves from the date of obtaining the legal rights to explore
a specific area to the moment in which technical and commercial feasibility to produce oil and gas are demonstrated.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Changes
in the balances of capitalized costs directly associated with exploratory wells pending determination of proved reserves and the balance
of amounts paid for obtaining rights and concessions for exploration of oil and natural gas (capitalized acquisition costs) are set out
in the following table:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Capitalized
    Exploratory Well Costs / Capitalized Acquisition Costs (*)</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Property
    plant and equipment</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Opening
    Balance</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,994</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,024</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Additions</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">379</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">459</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Write-offs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(545)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(188)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfers</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(83)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,097)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">131</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(204)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Closing
    Balance</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,876</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,994</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Intangible
    Assets</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,406</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,576</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Capitalized
    Exploratory Well Costs / Capitalized Acquisition Costs</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,282</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,570</B></FONT></TD></TR>
</TABLE>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; width: 78%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    Amounts capitalized and subsequently expensed in the same period have been excluded from this table.</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Exploration
costs recognized in the statement of income and cash used in oil and gas exploration and evaluation activities are set out in the following
table:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 67%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Exploration
    costs recognized in the statement of income</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Geological
    and geophysical expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(342)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(358)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">296</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exploration
    expenditures written off (includes dry wells and signature bonuses)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(691)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(248)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">456</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Contractual
    penalties on local content requirements</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">165</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(47)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">38</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    exploration expenses</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(19)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(34)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EBF1DE">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    expenses </B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(887)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(687)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>803</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Cash
    used in:</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Operating
    activities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">360</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">393</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">307</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Investment
    activities</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,253</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">555</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">532</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EBF1DE">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    cash used </B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,613</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>948</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>839</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, exploration expenditures written off were mainly related to 8 exploratory wells in the Sergipe and Alagoas basin (US$&nbsp;453),
and projects run by subsidiaries of PIBBV in Colombia (US$&nbsp;107) and Bolivia (US$&nbsp;56).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Term
of Conduct Adjustment with the ANP</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, Petrobras approved the execution, with the ANP, of a Term of Conduct Adjustment (TAC) to offset local content fines related to:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">22
                                            concessions in which Petrobras has a 100% interest, located in the Barreirinhas, Campos,
                                            Esp&iacute;rito Santo, Parecis, Potiguar, Rec&ocirc;ncavo, Santos, Sergipe-Alagoas and Solim&otilde;es
                                            basins; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">18
                                            concessions in which Petrobras operates in partnership with other companies, located in the
                                            Almada, Esp&iacute;rito Santo, Mucuri, Parna&iacute;ba, Pelotas, Pernambuco-Para&iacute;ba,
                                            Potiguar, Rec&ocirc;ncavo, Santos and Sergipe basins. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
TAC provides for the conversion of fines into investment commitments in the Exploration and Production segment with local content. Under
the terms of the agreement, Petrobras is committed to investing US$&nbsp;288 (R$&nbsp;1,501 million) in local content by December 31,
2026. As a result, all administrative proceedings related to the collection of fines arising from alleged non-compliance with local content
in these concessions will be closed, resulting in a US$&nbsp;180 gain for the reversal of this liability as of December 31, 2022.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for exploration and evaluation of oil and gas reserves</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
costs incurred in connection with the exploration, appraisal and development of crude oil and natural gas production are accounted for
using the successful efforts method of accounting, as set out below:</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;
geological and geophysical costs related to exploration and appraisal activities incurred until economic and technical feasibility are
demonstrated are immediately recognized as an expense;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;
amounts paid for obtaining concessions for exploration of crude oil and natural gas (capitalized acquisition costs) are initially capitalized
as intangible assets and are transferred to property, plant and equipment once the technical and commercial feasibility are demonstrated.
More information on intangible assets accounting policy, see note 24;</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;
costs directly attributable to exploratory wells, including their equipment, installations and other costs necessary to identify the
technical and commercial feasibility, pending determination of proved reserves, are capitalized within property, plant and equipment.
In some cases, exploratory wells have discovered oil and gas reserves, but at the moment the well drilling is completed they are not
yet able to be classified as proved. In such cases, the expenses continue to be capitalized if the well has found a sufficient quantity
of reserves to justify its completion as a producing well and progress on assessing the reserves and the technical and commercial feasibility
of the project is under way (for more information see note 24);</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;
an internal commission of technical executives of the Company monthly reviews these conditions for each well, by analysis of geoscience
and engineering data, existing economic conditions, operating methods and government regulations (for more information see note 4.1);</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;
costs related to exploratory wells drilled in areas of unproved reserves are charged to expense when determined to be dry or uneconomic
by the aforementioned internal commission; and</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;
costs related to the construction, installation and completion of infrastructure facilities, such as drilling of development wells, construction
of platforms and natural gas processing units, construction of equipment and facilities for the extraction, handling, storing, processing
or treating crude oil and natural gas, pipelines, storage facilities, waste disposal facilities and other related costs incurred in connection
with the development of proved reserve areas (technically and commercially feasible) are capitalized within property, plant and equipment.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>26.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Aging
                                            of Capitalized Exploratory Well Costs</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
following tables set out the amounts of exploratory well costs that have been capitalized for a period of one year or more after the
completion of drilling, the number of projects whose costs have been capitalized for a period greater than one year, and an aging of
those amounts by year (including the number of wells relating to those costs):</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Aging
    of capitalized exploratory well costs (*)</B></FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exploratory
    well costs capitalized for a period of one year </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">406</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">136</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exploratory
    well costs capitalized for a period greater than one year</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,470</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,858</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    capitalized exploratory well costs</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,876</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,994</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Number
    of projects relating to exploratory well costs capitalized for a period greater than one year</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Capitalized
    costs (2022)</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Number
    of wells</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2021</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">74</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2020</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2017
    and previous years</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,379</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Exploratory
    well costs that have been capitalized for a period greater than one year</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,470</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(*)
    Amounts paid for obtaining rights and concessions for exploration of oil and gas (capitalized acquisition costs) are not included.</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Exploratory
well costs that have been capitalized for a period greater than one year since the completion of drilling relate to 15 projects comprising
23 wells, are composed of (i) US$ 1,413 of wells in areas in which there has been ongoing drilling or firmly planned drilling activities
for the near term and for which an evaluation plan has been submitted for approval by the ANP; and (ii) US$ 57 relates to costs incurred
to evaluate technical and commercial feasibility necessary for the decision on the production development and on definition of proved
reserves.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_032"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>27.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Collateral
                                            for crude oil exploration concession agreements</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company has granted collateral to ANP in connection with the performance of the Minimum Exploration Programs established in the concession
agreements for petroleum exploration areas in the total amount of US$&nbsp;1,748 (US$ 1,574 as of December 31, 2021), which is still
in force as of December 31, 2022, net of commitments undertaken. As of December 31, 2022, the collateral comprises crude oil from previously
identified producing fields and already in production, pledged as collateral, in the amount of US$&nbsp;1,648 (US$ 1,243 as of December
31, 2021) and bank guarantees of US$&nbsp;100 (US$ 331 as of December 31, 2021).</FONT></P>

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<TD STYLE="width: 28.35pt"><A NAME="a_033"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>28.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Partnerships
                                            in E&amp;P activities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
line with its strategic objectives, Petrobras operates in association with other companies in partnerships in Brazil as holder of oil
and natural gas exploration and production rights in concessions and production sharing regimes.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
of December 31, 2022, the Company holds interests in 78 partnerships with 36 companies, among which Petrobras is the operator in 50 (in
2021, 85 partnerships with 37 companies and operator in 55).</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
partnerships formed in 2022 are described below (there were no new partnerships formed in 2021):</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consortium</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Location</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Petrobras
    % </B></FONT></TD>
    <TD STYLE="width: 17%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Partners
    %</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Operator</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Year</B></FONT></TD>
    <TD STYLE="width: 23%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Additional
    Information</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>ANP
    Bonus&nbsp;&nbsp;Petrobras portion</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Atapu
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Santos
    basin</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">52.5%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Shell
                                            - 25%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">TotalEnergies
    - 22,5%</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2022</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    sharing</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">402</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">S&eacute;pia
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Santos
    basin</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30.0%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">TotalEnergies
                                            - 28%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petronas
    - 21%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">QP
    - 21%</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2022</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    sharing</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">409</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Partnerships
brings benefits through risk sharing, increased investment capacity, technical and technological interchange, aiming at the growth in
oil and gas production. The following table presents the production referring to Petrobras's participation in the main fields in which
the Company is the operator in the partnership:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Field</B></FONT></TD>
    <TD STYLE="width: 23%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Location</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>%</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Petrobras</B></FONT></P></TD>
    <TD STYLE="width: 17%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>%</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Partners</B></FONT></P></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Petrobras
    production portion in 2022 (kboed)</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Regime</B></FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Operador</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Tupi
    (BMS-11)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Santos
    basin pre-salt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">65%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Shell
                                            &ndash; 25%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petrogal
    &ndash; 10%</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">709</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Concession</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">B&uacute;zios
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Santos
    basin pre-salt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">85%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">CNODC
                                            &ndash; 10%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">CNOOC
    &ndash; 5%</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">469</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    sharing</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Roncador</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Campos
    basin</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">75%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Equinor
    &ndash; 25%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">107</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Concession</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sapinho&aacute;
    (BMS-9)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Santos
    basin pre-salt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">45%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Shell
                                            &ndash; 30%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Repsol
    Sinopec &ndash; 25%</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">106</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Concession</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Mero</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Santos
    basin pre-salt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">40%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Total
                                            &ndash; 20%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Shell
    &ndash; 20%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">CNODC
    &ndash; 10%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">CNOOC
    &ndash; 10%</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">40</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    sharing</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sururu</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Santos
    basin pre-salt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">43%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Shell
                                            &ndash; 25%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Total
    &ndash; 22,5%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petrogal
    &ndash; 10%</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">38</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Concession</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Tartaruga
    Verde</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Campos
    basin</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petronas
    &ndash; 50% </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Concession</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Atapu
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Santos
    basin pre-salt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">53%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Shell
                                            &ndash; 25%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Total
    &ndash; 22,5%</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    sharing</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Albacora
    Leste (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Campos
    basin</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">90%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Repsol
    Sinopec - 10%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Concession</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">S&eacute;pia
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Santos
    basin pre-salt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Total
                                            &ndash; 28%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petronas
    - 21%</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Qatar
    &ndash; 21%</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    sharing</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,588</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    On January 26, 2023, Petrobras concluded the sale of its entire interest, as set out in note 37.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for joint operations</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
E&amp;P partnerships are classified as joint operations, where the assets, liabilities, revenues and expenses relating to these partnerships
are accounted for in the financial statements individually, observing the applicable specific accounting policies and reflecting the
portion of the contractual rights and obligations that the company has.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>28.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Unitization
                                            Agreements</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras
has Production Individualization Agreements (AIP) signed in Brazil with partner companies in E&amp;P consortia, as well as contracts
resulting from divestment operations and strategic partnerships related to these consortia. These agreements result in reimbursements
payable to (or receivable from) partners regarding expenses and production volumes mainly related to Agulhinha, Albacora Leste, Berbig&atilde;o,
Budi&atilde;o Noroeste, Budi&atilde;o Sudeste, Caratinga, Sururu and Tartaruga.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Berbig&atilde;o,
Sururu, Albacora Leste and others</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
table below presents changes in the reimbursements payable relating to the execution of the AIP submitted to the approval of the ANP:</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 46%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 15%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Opening
    balance</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">364</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">370</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Additions/(Write-offs)
    on PP&amp;E</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(64)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    income and expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">84</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustments</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Closing
    balance</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>407</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>364</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, these agreements resulted in additions and write-offs in PP&amp;E, in addition to other income and expenses, reflecting the best
available estimate of the assumptions used in the calculation base and the sharing of assets in areas to be equalized.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
Policy for unitization agreements</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A
unitization agreement occurs when a reservoir extends across two or more license or contract areas. In this case, partners pool their
individual interests in return for an interest in the overall unit and determine their new stake in the single producing unit.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Events
that occurred prior to the unitization agreement may lead to the need for compensation between the partners. At the signing of the AIP,
an amount to be reimbursed to the Company will be recognized as an asset only when there is a contractual right to reimbursement or when
the reimbursement is practically certain. An amount to be reimbursed by the Company will be recognized as a liability when it derives
from a contractual obligation or, when the outflow of funds is deemed probable and the amount can be reliable estimated.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_034"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>29.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Investments</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>29.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Information
                                            on direct subsidiaries, joint arrangements and associates</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 48%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Main
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>business
    segment</B></FONT></P></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>%</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Petrobras'
    ownership</B></FONT></P></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>%
                                            Petrobras'</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>voting
    rights</B></FONT></P></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Share-holders&rsquo;</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>equity
    (deficit)</B></FONT></P></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Net
                                            income</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(loss)for
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>the
    year</B></FONT></P></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Country</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Subsidiaries</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras
    International Braspetro - PIB BV </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Several</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">52,728</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,787</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Netherlands</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras
    Transporte S.A. - Transpetro</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">932</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">90</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras
    Log&iacute;stica de Explora&ccedil;&atilde;o e Produ&ccedil;&atilde;o S.A. - PB-LOG</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">87</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">225</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras
    Biocombust&iacute;vel S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Corporate,
    others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">193</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(38)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Arauc&aacute;ria
    Nitrogenados S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    &amp; Power</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Termomaca&eacute;
    S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    &amp; Power</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">61</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Braspetro
    Oil Services Company - Brasoil </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Corporate,
    others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">118</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cayman
    Islands</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Termobahia
    S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    &amp; Power</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">98.85</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">98.85</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">67</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Baixada
    Santista Energia S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    &amp; Power</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">58</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Fundo
    de Investimento Imobili&aacute;rio RB Log&iacute;stica - FII</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">E&amp;P</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">99.15</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">99.15</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Procurement
    Neg&oacute;cios Eletr&ocirc;nicos S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Corporate,
    others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">72.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">49.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras
    Comercializadora de G&aacute;s e Energia e Participa&ccedil;&otilde;es S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Corporate,
    others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transportadora
    Brasileira Gasoduto Bol&iacute;via - Brasil S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    &amp; Power</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">51.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">51.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">119</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">181</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Refinaria
    de Canoas S.A. (i)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Refinaria
    de Mucuripe S.A</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Ibiritermo
    S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    &amp; Power</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Associa&ccedil;&atilde;o
    Petrobras de Sa&uacute;de (ii)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Corporate,
    others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">93.47</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">93.47</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">116</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Joint
    operations </B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">F&aacute;brica
    Carioca de Catalizadores S.A. - FCC</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Joint
    ventures</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Logum
    Log&iacute;stica S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">192</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(33)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrocoque
    S.A. Ind&uacute;stria e Com&eacute;rcio</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">80</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Refinaria
    de Petr&oacute;leo Riograndense S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33.20</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33.33</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brasympe
    Energia S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    &amp; Power</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brentech
    Energia S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    &amp; Power</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">28</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Metanor
    S.A. - Metanol do Nordeste</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">34.54</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">50.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Companhia
    de Coque Calcinado de Petr&oacute;leo S.A. - Coquepar</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">45.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">45.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Associates</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Braskem
    S.A. (iii)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36.15</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">47.03</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,309</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">206</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">UEG
    Arauc&aacute;ria Ltda.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    &amp; Power</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18.80</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18.80</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">82</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Energ&eacute;tica
    SUAPE II S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    &amp; Power</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">88</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Nitrocolor
    Produtos Qu&iacute;micos LTDA.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">RT&amp;M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">38.80</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">38.80</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Bioenerg&eacute;tica
    Britarum&atilde; S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    &amp; Power</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transportadora
    Sulbrasileira de G&aacute;s - TSB</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gas
    &amp; Power</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">25.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">25.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(i)
Company legally established, with capital contribution of US$ 58 thousand.</FONT>&nbsp;</P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(ii)
    APS is a non-profit civil association, which carries out social or assistance activities (health care), and is consolidated in the
    Company&rsquo;s financial statements.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(iii)
    Equity and net income at September 30, 2022, most current public information.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, the Company sold some equity interests, including the following significant divestments:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Deten
                                            Qu&iacute;mica S.A.&ndash; selling of its interest of 27.88%; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Gaspetro
                                            - selling of its interest of 51%;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Refinaria
                                            de Manaus S.A. (REMAN) - sale of 100% of the shares;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Paran&aacute;
                                            Xisto (SIX) - sale of 100% of the shares.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
more information on the operations mentioned above and other corporate transactions, see note 30;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
main investees of PIB BV are:</FONT></P>



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<TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras Global Trading B.V. &ndash;
PGT (100%, based in the Netherlands), dedicated to the trade of oil, oil products, biofuels and LNG (liquefied natural gas), as well
as to the funding of its activities in light of Petrobras;</FONT></TD>
</TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras Global Finance B.V. &ndash;
PGF (100%, based in the Netherlands); the finance subsidiary of Petrobras, raising funds through bonds issued in the international capital
market;</FONT></TD>
</TR></TABLE>

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<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras America Inc. &ndash; PAI
(100%, based in the United States), dedicated to trading and E&amp;P activities (MP Gulf of Mexico, LLC); and</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Petrobras Sans,sans-serif; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 15pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">PNBV (100%, based in the Netherlands),
operates through joint operations in Tupi BV (67.59%), Guar&aacute; BV (45%), Agri Development BV (90%), Libra (40%), Papa Terra BV (62.5%),
Roncador BV (75%), Iara BV (90.11%), Petrobras Frade Inversiones SA (100%) and BJOOS BV (20%), dedicated to the construction and lease
of equipment and platforms for Brazilian E&amp;P consortia.</FONT></TD>
</TR></TABLE>



<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>29.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Investments
                                            in associates and joint ventures</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 28%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Balance
    at 12.31.2021</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Investments</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Transfer
    to assets held for sale</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Restructuring,
    capital decrease and others</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Results
    in equity-accounted investments </B></FONT></TD>
    <TD STYLE="width: 5%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>CTA</B></FONT></TD>
    <TD STYLE="width: 5%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>OCI</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Dividends</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Balance
                                            at </B></FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>12.31.2022</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Joint
    Ventures</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>509</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>16</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>256</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(235)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>546</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">MP
    Gulf of Mexico, LLC/PIB BV</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">387</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">170</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(184)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">374</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Compa&ntilde;ia
    Mega S.A. - MEGA</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">98</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">55</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">149</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    joint ventures</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(46)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Associates</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>998</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(58)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(13)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(5)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(27)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>219</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(109)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,016</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Other
    investments</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,510</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>27</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(57)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(15)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>251</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(25)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>219</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(344)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,566</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 28%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Balance
    at 12.31.2020</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Investments</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Transfer
    to assets held for sale</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Restructuring,
    capital decrease and others</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Results
    in equity-accounted investments </B></FONT></TD>
    <TD STYLE="width: 5%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>CTA</B></FONT></TD>
    <TD STYLE="width: 5%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>OCI</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Dividends</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Balance
                                            at </B></FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>12.31.2021</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Joint
    Ventures</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>813</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(325)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>202</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(190)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>509</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">MP
    Gulf of Mexico, LLC/PIB BV</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">366</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">122</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(102)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">387</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">State
    natural gas distributors (Gaspetro)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">298</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(308)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">38</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Compa&ntilde;ia
    Mega S.A. - MEGA</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">82</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(17)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">98</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    joint ventures</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">67</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(17)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(45)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Associates</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,455</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>15</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2,139)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(172)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,405</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(32)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(557)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>998</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Other
    investments</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,273</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>24</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(2,464)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(172)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,607</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(33)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>22</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(747)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,510</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>29.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Investments
                                            in non- consolidated listed companies</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Thousand-share
    lot</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Quoted
    stock exchange prices (US$&nbsp; per share)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Fair
    value</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 32%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Type</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Associate</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Braskem
    S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">212,427</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">212,427</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Common</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.83</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10.17</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,025</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,160</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Braskem
    S.A.</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">75,762</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">75,762</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Preferred
    A</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.55</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10.33</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">345</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">782</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,370</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,942</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
fair value of these shares does not necessarily reflect the realizable value upon sale of a large block of shares.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Information
on the main estimates used in the cash flow projections to determine the value in use of Braskem is set out in Note 25.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>29.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Non-controlling
                                            interest</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
total amount of non-controlling interest at December 31, 2022 is US$&nbsp;344(US$&nbsp;405 in 2021) primarily comprising US$&nbsp;277
of FIDC (US$&nbsp;165&nbsp;in 2021); US$&nbsp;58 of Transportadora Brasileira Gasoduto Brasil-Bol&iacute;via &ndash; TBG (US$&nbsp;29
in 2021); and Gaspetro (US$&nbsp;199 in 2021).</FONT></P>


<!-- Field: Page; Sequence: 75 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->74<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Condensed
financial information is set out as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>FIDC</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>TBG</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Gaspetro</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Consolidated
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Structured
    entities</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 40%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,194</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,951</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">200</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">134</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">462</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Property,
    plant and equipment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">298</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">279</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    non-current assets</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,194</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,951</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">501</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">415</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">462</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    liabilities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">145</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">109</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">58</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current
    liabilities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">237</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">246</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Shareholders'
    equity</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,187</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,950</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">119</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">60</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">404</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,194</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,951</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">501</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">415</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">462</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    revenues</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">350</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">327</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">132</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    income (loss)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,454</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">416</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">181</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">150</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">47</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(133)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Increase
    (decrease) in cash and cash equivalents</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">616</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">72</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">42</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(333)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Gaspetro,
a Petrobras&rsquo; subsidiary, holds interests in several state distributors of natural gas in Brazil. In July 2022, the Company closed
the sale of its entire interest in Gaspetro (51%). For more information see note 30.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Credit Rights Investment Fund (FIDC) is a fund mainly intended to securitize &ldquo;performed&rdquo; and &ldquo;non-performed&rdquo;
credits for operations carried out by the Company&rsquo;s subsidiaries, aiming to optimize cash management.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">TBG
is an indirect subsidiary which operates in natural gas transmission activities mainly through Bolivia-Brazil Gas Pipeline. The Company
holds 51% of interests in this indirect subsidiary.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>29.5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Summarized
                                            information on joint ventures and associates</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company invests in joint ventures and associates in Brazil and abroad, whose activities are related to petrochemical, refining, production,
trade and logistics of oil products, gas distribution, biofuels, thermoelectric power plants, and other activities. Condensed financial
information is set out below:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD COLSPAN="4" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 28%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Joint
    ventures</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Associates</B></FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Joint
    ventures</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Associates</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>In
    Brazil</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>MP
    Gulf of Mexico, LLC </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Other
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>companies
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>abroad</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>In
    Brazil</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>In
    Brazil</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>MP
    Gulf of Mexico, LLC </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Other
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>companies
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>abroad</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>In
    Brazil</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">295</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">481</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">410</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,642</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">832</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">425</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">253</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,308</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current
    assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">231</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">139</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,491</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">371</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">203</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,334</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Property,
    plant and equipment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">508</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,690</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">191</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,380</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">461</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,683</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">195</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,845</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    non-current assets</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">605</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">460</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">539</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,071</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,311</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>618</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17,118</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,124</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,312</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>460</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17,026</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    liabilities</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">294</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">344</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">145</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,473</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">728</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">324</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">126</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,632</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current
    liabilities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">494</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">548</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">32</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,263</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">517</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">623</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,967</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Shareholders'
    equity</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">277</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,045</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">291</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,587</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">874</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,979</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">196</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,688</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-controlling
    interest</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">374</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">150</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(205)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">386</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">102</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(261)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,071</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,311</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>618</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17,118</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,124</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,312</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>460</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17,026</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    revenues</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,159</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,408</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">32</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18,709</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,947</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,138</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20,625</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    Income (loss) for the year</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">72</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">887</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">162</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(146)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">156</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">635</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">91</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,821</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Ownership
    interest - %</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20
    to 50%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">34
    to 45%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18.8
    to 38.8%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20
    to 83%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">34
    to 45%</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18.8
    to 38.8%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for investments</U></B></FONT></P>


<!-- Field: Page; Sequence: 76 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->75<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Basis
of consolidation</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
consolidated financial statements include the financial information of Petrobras and the entities it controls (subsidiaries), joint operations
(at the level of interest the Company has in them) and consolidated structured entities.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Intragroup
balances and transactions, including unrealized profits arising from intragroup transactions, are eliminated in the consolidation of
the financial statements.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Investments
in other companies</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Profit
or loss, assets and liabilities related to joint ventures and associates are accounted for by the equity method.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Business
combination</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A
business combination is a transaction in which the acquirer obtains control of another business, regardless it legal form. Acquisitions
of businesses are accounted for using the acquisition method when control is obtained. Combinations of entities under common control
are accounted for at cost. The acquisition method requires that the identifiable assets acquired and the liabilities assumed be measured
at the acquisition-date fair value, with limited exceptions.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_035"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>30.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Disposal
                                            of assets and other transactions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company has an active partnership and divestment portfolio, which takes into account opportunities of partnerships and disposal of non-strategic
assets in several areas in which it operates, whose development of transactions also depends on conditions beyond the control of the
Company.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
divestment projects follow the procedures aligned with the guidelines of the Brazilian Federal Auditor&rsquo;s Office (<I>Tribunal de
Contas da Uni&atilde;o </I>&ndash; TCU) and the current legislation.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
major classes of assets and related liabilities classified as held for sale are shown in the following table:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 45%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>&nbsp;E&amp;P
    </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>RT&amp;M</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Corporate
    and other businesses</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Assets
    classified as held for sale</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cash
    and cash equivalents</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Trade
    receivables</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Inventories</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">73</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Investments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">210</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Property,
    plant and equipment </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,568</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,587</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,975</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">188</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,568</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>40</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,608</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,490</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Liabilities
    on assets classified as held for sale</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Trade
    payables</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Finance
    debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">133</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">133</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Provision
    for decommissioning costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,332</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,332</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">833</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,332</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>133</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,465</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>867</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>30.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Sales
                                            pending closing</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
assets and liabilities corresponding to the transactions pending closing are classified as held for sale at December 31, 2022:</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 50%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Transaction</B></FONT></TD>
    <TD STYLE="width: 24%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Acquirer</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Date
    of approval / signing</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Transaction
    amount (*)</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Further
    information</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Company's entire interest (100%) in a set of 22 production onshore and shallow water field concessions, together with its
    associated infrastructure, located in the Potiguar Basin, in the state of Rio Grande do Norte, jointly called the Potiguar group
    of fields.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">3R
    Potiguar SA, subsidiary of 3R Petroleum &Oacute;leo e G&aacute;s SA</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">January
    2022</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">1,385</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">a</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Company's entire interest in a set of four onshore production fields, with integrated facilities, located in the state of
    Esp&iacute;rito Santo, jointly called Norte Capixaba group of fields.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Seacrest
    Petr&oacute;leo SPE Norte Capixaba Ltda., a wholly owned subsidiary of Seacrest Explora&ccedil;&atilde;o e Produ&ccedil;&atilde;o
    de Petr&oacute;leo Ltda.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">February
    2022</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">478</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">b</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Company's entire interest in the Albacora Leste concession, located predominantly in deep waters in the Campos Basin.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Petro
    Rio Jaguar Petr&oacute;leo Ltda. (PetroRio), subsidiary of Petro Rio S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">April&nbsp;2022</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">1,951</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">c</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Lubrificantes e Derivados de Petr&oacute;leo do Nordeste (LUBNOR) refinery and its associated logistics assets, located in
    the state of Cear&aacute;.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Grepar
    Participa&ccedil;&otilde;es Ltda.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">May&nbsp;2022</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">34</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">d</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Company's entire interest in a set of maritime concessions called Golfinho and Camarupim groups of fields, in deep waters
    of the post-salt layer, located in the Esp&iacute;rito Santo Basin.</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">BW
    Energy Maromba do Brasil Ltda (BWE)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">June&nbsp;2022</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">15</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">e</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: gray">(*)
    Amounts considered at the signing of the transaction, not including contingent assets. Transactions signed in Brazilian reais are
    translated to U.S. dollars with the closing exchange rate of the period.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">These
transactions may provide for price adjustments until the closing of the transaction and be also subject to the fulfillment of conditions
precedent, such as approval by the Brazilian Agency of Petroleum, Natural Gas and Biofuels (ANP) and CADE.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of Potiguar group of fields</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
agreement provides for the receipt of US$ 110 on the transaction signing date, US$&nbsp;1,040 at the transaction closing, and US$&nbsp;235
to be paid to Petrobras in 4 annual installments of US$ 58.75, starting in March 2024.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of Norte Capixaba group of fields</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
agreement provides for the receipt of US$&nbsp;36 on the transaction signing date, and US$&nbsp;442 at the transaction closing and up
to US$&nbsp;66 in contingent payments provided for in the contract, depending on future Brent prices.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of Albacora Leste concession</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
agreement provides for the receipt of US$&nbsp;293 on the transaction signing date, US$&nbsp;1,658 at the transaction closing, and up
to US$&nbsp;250 in contingent payments provided for in the contract, depending on future Brent prices.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>d)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of LUBNOR refinery</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
agreement provides for the receipt of US$&nbsp;3 on the transaction signing date, US$&nbsp;10 at the transaction closing, and 3 annual
installments of US$&nbsp;7 expected to occur from 2024 to 2026.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>e)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of interest in Golfinho and Camarupim concessions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
agreement provides for the receipt of US$&nbsp;3 on the transaction signing date, and US$&nbsp;12 at the transaction closing and up to
US$&nbsp;60 in contingent payments provided for in the contract, depending on future Brent prices and the development of these assets.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>30.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Closed
                                            sales</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 43%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Transaction</B></FONT></TD>
    <TD STYLE="width: 21%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Acquirer</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Signature
                                            date (S)</B></FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Closing
    date (C) </B></FONT></P></TD>
    <TD STYLE="width: 9%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>&nbsp;Sale
    amount (*)</B></FONT></TD>
    <TD STYLE="width: 6%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Gain/
    (loss) (**) </B></FONT></TD>
    <TD STYLE="width: 7%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Further
    infor-mation</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Company's entire interest in a set of seven onshore and shallow water fields called Alagoas group of fields, and of Alagoas
    Natural Gas Processing Unit, in the state of Alagoas.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Petromais
    Global Explora&ccedil;&atilde;o e Produ&ccedil;&atilde;o S.A. (renamed Origem Energia S.A.)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">July
                                            2021 (S)</FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">February
    2022 (C)</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">300</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">335</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">a</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Company's entire interest in 14 onshore production fields (Rec&ocirc;ncavo group of fields), in the state of Bahia </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">3R
    Candeias S.A, a wholly owned subsidiary of 3R Petroleum &Oacute;leo e G&aacute;s S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">December
                                            2020 (S)</FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">May
    2022 (C)</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">256</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">215</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">b</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Company's entire interest (27.88%) in Deten Qu&iacute;mica S.A (Deten), a petrochemical plant located in the industrial hub
    of Cama&ccedil;ari, in the state of Bahia.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Cepsa
    Qu&iacute;mica S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">April
                                            2022 (S)</FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">July
    2022 (C)</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">103</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">52</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">c</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Company&rsquo;s entire interest (51%) in Petrobras Gas S.A (Gaspetro)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Compass
    Gas e Energia S.A.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">July
                                            2021 (S)</FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">July
    2022 (C)</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">391</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">173</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">d</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Company&rsquo;s entire interest in Pero&aacute; group of fields, in the state of Esp&iacute;rito Santo</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">DBO
    Energia and OP Energia, currently 3R Offshore</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">January
                                            2021 (S)</FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">August
    2022 (C)</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">13</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">34</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">e</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Company's entire interest in Fazenda Bel&eacute;m and Icapu&iacute; onshore fields, named Fazenda Bel&eacute;m group of fields,
    located in the Potiguar Basin, in the state of Cear&aacute;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">SPE
    Fazenda Bel&eacute;m S.A., wholly owned subsidiary of 3R Petroleum e Participa&ccedil;&otilde;es S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">August
                                            2020 (S)</FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">August
    2022 (C)</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">23</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">39</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">f</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of shares of the company that will hold the Isaac Sabb&aacute; Refinery (REMAN) and its associated logistics assets, in the state
    of Amazonas </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Ream
    Participa&ccedil;&otilde;es S.A. (a company controlled by the partners of Atem Distribuidora de Petr&oacute;leo S.A.)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">August
                                            2021 (S)</FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">November
    2022 (C)</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">257</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">37</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">g</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of shares of the company that will hold the Shale Industrialization Unit (SIX), in the state of Paran&aacute;. </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Forbes
    &amp; Manhattan Resources Inc., a wholly owned subsidiary of Forbes &amp; Manhattan Inc.</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">November
                                            2021 (S)</FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">November
    2022 (C)</FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">42</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">(2)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">h</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Company's entire interest in 11 onshore production fields (Carm&oacute;polis group of fields), including integrated facilities,
    in the state of Sergipe</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Carmo
    Energy S.A. </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">December
                                            2021 (S)</FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">December
    2022 (C)</FONT></P></TD>
    <TD STYLE="border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">1,098</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">619</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">i</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sale
    of the Company&rsquo;s 62,5% interest in Papa-Terra field, in the Campos basin</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">3R
    Petroleum Offshore S.A.</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">July
                                            2021 (S)</FONT></P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: gray"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">December
    2022 (C)</FONT></P></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">24</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">(39)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">j</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray"><B>2,507</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray"><B>1,463</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: gray">(*)
    The amount of &quot;Proceeds from disposal of assets&quot; in the Statement of Cash Flows is composed of amounts received this period,
    including installments of operations from previous years, and advances referring to operations not completed.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: gray">(**)
    Recognized in &ldquo;Results on disposal/write-offs of assets and on remeasurement of investment retained with loss of control&rdquo;
    within other income and expenses (note 10).</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
operations were concluded after the fulfillment of conditions precedent.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of Alagoas group of fields and of Alagoas Natural Gas Processing Unit</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
transaction was closed with the payment of US$ 240 to Petrobras in February 2022, in addition to the US$&nbsp;60 paid to Petrobras on
the transaction signing date.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of Rec&ocirc;ncavo group of onshore fields</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
transaction was closed with the payment of US$ 246 to Petrobras in May 2022, in addition to the US$&nbsp;10 paid to Petrobras on the
transaction signing date.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of Deten petrochemical plant</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
transaction was closed with the payment of US$&nbsp;96 to Petrobras, including price adjustments such as the effects of inflation indexation
and compensation of dividends received, in addition to the US$&nbsp;6 paid to Petrobras on the transaction signing date. In addition,
US$&nbsp;4 was paid to Petrobras up to December 2022 referring to the receipt of earn outs (tax credits) as provided for in the contract.</FONT></P>

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<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>d)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of Gaspetro</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
full amount was paid to Petrobras on the transaction closing date.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
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<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>e)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of Pero&aacute; group of fields</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
operation was closed with the payment of US$ 8, including price adjustments, in addition to the US$&nbsp;5 paid to Petrobras on the transaction
signing date.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
addition to these amounts, Petrobras expects to receive up to US$&nbsp;43 in contingent payments, depending on future Brent prices and
the development of these assets.</FONT></P>

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<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>f)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of Fazenda Bel&eacute;m group of fields</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
operation was closed with the payment of US$&nbsp;5, including price adjustments, in addition to the US$&nbsp;9 paid to Petrobras on
the transaction signing date.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras
expects to receive the remaining balance in August 2023, including price adjustments.</FONT></P>

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<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>g)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of REMAN refinery assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
transaction was closed in November 2022 after the payment of US$&nbsp;229 to Petrobras, including price adjustments, arising from changes
in working capital, net debt and investments until the transaction closing, in addition to US$&nbsp;28 received upon the contract signing.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
contract also provides for a final adjustment to the acquisition price, which is expected to occur in the first quarter of 2023.</FONT></P>

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<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>h)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of interest in SIX shale processing plant</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
transaction was closed with the payment of US$ 39, including price adjustments, in addition to US$&nbsp;3 received upon the contract
signing.</FONT></P>

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<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>i)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of Carm&oacute;polis group of onshore fields</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
transaction was closed with the payment of US$ 548, including price adjustments, in addition to the US$&nbsp;275 paid to Petrobras on
the transaction signing date.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
addition, US$ 275 million will be received within 12 months.</FONT></P>

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<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>j)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of Papa-Terra field</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
transaction was closed with the payment of US$ 18, including price adjustments, in addition to the US$&nbsp;6 paid to Petrobras on the
transaction signing date.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
addition, there is US$&nbsp;80 in contingent receivables provided for in the contract (contingent asset), related to production volume
of the asset and future oil prices.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>30.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Price
                                            adjustments &ndash; sales closed in previous periods</B></FONT></TD></TR></TABLE>

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<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sale
                                            of RLAM refinery assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
transaction closed in November 2021 included price adjustments provided for in the contract, for which the Company recognized US$ 68
in January 2022 within other income and expenses.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>30.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Surplus
                                            volumes of Transfer of Rights Agreement</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 67%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Transaction</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Closing
    date</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Financial
    compensation</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Results
    (*)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Production
    Sharing Contract for the surplus volumes of &nbsp;the Transfer of Rights Agreement related to Atapu and Sepia fields, including the
    gross-up of the taxes levied</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">April
    2022</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">5,281</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">3,743</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Exercise
    of the call option for additional 5% interest in the surplus volume of the Transfer of Rights Agreement of B&uacute;zios field</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">November
    2022</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">1,951</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">737</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: gray">(*)
    Recognized in &quot;Results from co-participation agreements in bid areas&quot; within other income and expenses (note 10).</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
more information, see note 24.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>30.5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Contingent
                                            assets from disposed investments and other transactions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Some
disposed assets and other agreements provide for receipts subject to contractual clauses, especially related to the Brent variation in
transactions related to E&amp;P assets.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
transactions that may generate revenue recognition, accounted for within other income and expenses, are presented below:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="3" STYLE="vertical-align: bottom; width: 46%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Transaction</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="vertical-align: bottom; width: 13%; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Closing
    date</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="vertical-align: bottom; width: 13%; border-bottom: #F2F2F2 1.5pt outset; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Amounts
    subject to recognition</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="vertical-align: bottom; width: 14%; border-bottom: #F2F2F2 1.5pt outset; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Assets
    recognized in 2022</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="vertical-align: bottom; width: 13%; border-bottom: #F2F2F2 1.5pt outset; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Assets</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>recognized
    in previous periods</B></FONT></P></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray"><B>Sales
    in previous years</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Riacho
    da Forquilha group of fields</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">December
    2019</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">62</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">28</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">&#8722;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Pampo
    and Enchova group of fields</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">July
    2020</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">650</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">144</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">36</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Ba&uacute;na
    field</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">November
    2020</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">285</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">115</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">17</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Frade
    field</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">February
    2021</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">20</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">&#8722;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Ventura
    group of fields</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">July
    2021</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">43</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">43</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Miranga
    group of fields</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">December
    2021</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">85</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">40</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">15</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Cricare
    group of fields</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">December
    2021</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">118</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">22</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">&#8722;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray"><B>Sales
    in the period</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Pero&aacute;
    group of fields</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">August
    2022</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">43</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">10</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">&#8722;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Papa-Terra
    field</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">December
    2022</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">90</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">15</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">&#8722;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray"><B>Surplus
    volume of the Transfer of Rights Agreement</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">Sepia
    and Atapu (*)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">April
    2022</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">5,244</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">693</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray">&#8722;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray"><B>1,067</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: gray"><B>111</B></FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: gray">(*)
    For more information, see note 24.3.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>30.6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Other
                                            operation</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
March 23, 2022, the dissolution of Participa&ccedil;&otilde;es em Complexos Bioenerg&eacute;ticos S.A. &ndash; PCBios, in which Petrobras
held 50%, was concluded, after approval at this company's Extraordinary General Meeting. There were no accounting effects arising from
this transaction.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
August 18, 2022, Petrobras concluded an agreement with Edison S.p.A for the purchase of an additional 50% interest in the company Ibiritermo
S.A., for the amount of U$&nbsp;1 (R$ 2,5 million), which became a wholly owned subsidiary. This transaction was classified as a business
combination, with recognition of gain on bargain purchase of US$&nbsp;2.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
December 31, 2022, Petrobras Comercializadora de G&aacute;s e Energia e Participa&ccedil;&otilde;es S.A. (PBEN-P) and Petrobras Comercializadora
de Energia S/A (PBEN), carried out a corporate restructuring in which PBEN-P incorporated PBEN. The two companies are wholly-owned subsidiaries
of Petrobras. Therefore, there is no effect on these consolidated financial statements.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>30.7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Cash
                                            flows from sales of interest with loss of control</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, 2021 and 2020, the Company disposed of its interest in certain subsidiaries over which control was lost. The following table summarizes
cash flows arising from losing control in subsidiaries:</FONT></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->80<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 57%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 14%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>&#9;Cash received</B></FONT></TD>
    <TD STYLE="width: 15%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Cash
    in subsidiary before losing control</B></FONT></TD>
    <TD STYLE="width: 14%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Net
    Proceeds </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2022</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gaspetro</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">391</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(22)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">369</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">REMAN</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">233</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(22)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">211</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    </B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>624</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(44)</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>580</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2021</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Mataripe
    refinery (former RLAM)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,868</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(119)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,749</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">PUDSA</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">62</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">47</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    </B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,930</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(134)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,796</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2020</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras
    Oil &amp; Gas B.V.(PO&amp;GBV)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">276</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">276</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Liquigas</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">784</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">774</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    </B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,060</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(10)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,050</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
Policy for assets and liabilities held for sale </U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Non-current
assets, disposal groups and liabilities directly associated with those assets are classified as held for sale if their carrying amounts
will, principally, be recovered through the sale transaction rather than through continuing use.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
condition for classification as held for sale is met only when the sale is approved by the Company&rsquo;s Board of Directors and the
asset or disposal group is available for immediate sale in its present condition and there is the expectation that the sale will occur
within 12 months after its classification as held for sale. However, an extended period required to complete a sale does not preclude
an asset (or disposal group) from being classified as held for sale if the delay is caused by events or circumstances beyond the Company&rsquo;s
control and there is sufficient evidence that the Company remains committed to its plan to sell the assets (or disposal groups).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Assets
(or disposal groups) classified as held for sale and the associated liabilities are measured at the lower of their carrying amount and
fair value less disposal expenses. Assets and liabilities are presented separately in the statement of financial position.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
the classification of non-current assets as held for sale, provisions for decommissioning costs related to these assets are also disclosed.
Any commitments with decommissioning assumed by the Company resulting from the sale process are recognized after the closing of the transaction,
in accordance with the contractual terms.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">When
a component of the Company is disposed of or classified as held for sale, and it represented a separate major line of business, the disposed
interest is considered a discontinued operation. Thus, its net income, operating, investing and financing cash flows are presented in
separate line items until the date of the closing of the operation.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_036"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>31.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Finance
                                            debt</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>31.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Balance
                                            by type of finance debt</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 78%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>In
    Brazil</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Banking
    market</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,285</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,237</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Capital
    market</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,896</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,504</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Development
    banks (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">723</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">769</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Total
    </FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,908</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,517</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Abroad</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Banking
    market</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,387</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,525</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Capital
    market</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,061</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19,527</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Export
    credit agency</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,443</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,951</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">155</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">180</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Total
    </FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">25,046</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31,183</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    finance debt</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>29,954</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>35,700</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,576</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,641</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26,378</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">32,059</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #675C53">(*)
    It includes BNDES, FINAME and FINEP</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 82 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->81<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Current finance debt
is composed of:</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 68%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Short-term
    debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">108</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current
    portion of long-term debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,111</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,063</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accrued
    interest on short and long-term debt</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">465</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">470</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,576</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,641</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
capital market balance is mainly composed of US$&nbsp;13,442 in global notes issued abroad by the wholly owned subsidiary PGF, as well
as US$&nbsp;1,874 in debentures and US$&nbsp;880 in commercial notes issued by Petrobras in reais in Brazil.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
balance in global notes has maturities between 2024 to 2115 and does not require collateral. Such financing was carried out in dollars,
euros and pounds, 87%, 2% and 11%, of the total global notes, respectively.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
debentures and the commercial notes, with maturities between 2024 and 2037, do not require collateral and are not convertible into shares
or equity interests.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>31.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Changes
                                            in finance debt</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 67%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>In
    Brazil</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Abroad</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,517</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>31,183</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>35,700</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Proceeds
    from finance debt</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">853</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,027</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,880</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Repayment
    of principal (*)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,013)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8,183)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,196)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Repayment
    of interest (*)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(292)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,554)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,846)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accrued
    interest (**)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">396</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,867</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,263</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    exchange/ inflation indexation charges</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">120</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(580)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(460)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">326</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">287</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">613</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,907</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>25,047</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>29,954</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 67%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>In
    Brazil</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Abroad</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,854</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>45,035</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>53,889</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Proceeds
    from finance debt</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,754</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,754</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Repayment
    of principal (*)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,213)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14,894)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(19,107)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Repayment
    of interest (*)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(245)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,613)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,858)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accrued
    interest (**)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">241</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,970</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,211</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    exchange/ inflation indexation charges</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">173</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">82</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">255</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(228)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(200)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(428)</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,582</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>32,134</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>36,716</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(*)
    It includes pre-payments.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(**)
    It includes premium and discount over notional amounts, as well as gains and losses by modifications in contractual cash flows.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, the Company repaid several finance debts, in the amount of US$&nbsp;11,184 notably US$&nbsp;5,444 to repurchase global bonds previously
issued by the Company in the international capital market.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
the same period, the Company raised funds in the amount of US$&nbsp;2,880, mainly reflecting: (i) US$&nbsp;1,244 through a Sustainability-Linked
Loan, in the international banking market, maturing in 2027; (ii) US$&nbsp;572 through the issuance of commercial notes in the Brazilian
capital market due in 2030 and 2032; and (iii) US$&nbsp;280 through the issuance of private placement commercial notes that backed the
issuance of certificates of real estate receivables, maturing in 2030, 2032 and 2037. The certificates of real estate receivables were
issued by a securitization that fully subscribed the Commercial Notes issued by Petrobras.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
loan linked to sustainability commitments was signed with Bank of China, MUFG and The Bank of Nova Scotia, with a value of US$&nbsp;1,244
and maturity in July 2027. The contract includes incentive mechanisms for achieving sustainability commitments, based on the corporate
performance indicators of E&amp;P's greenhouse gas (GHG) intensity, refining GHG intensity and E&amp;P methane intensity.</FONT></P>


<!-- Field: Page; Sequence: 83 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->82<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>31.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Reconciliation
                                            with cash flows from financing activities</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 34%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Proceeds
    from finance debt</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Repayment
    of principal</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Repayment
    of interest</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Proceeds
    from finance debt</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Repayment
    of principal</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Repayment
    of interest</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Changes
    in finance debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,880</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,196)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,846)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,754</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(19,107)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,858)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Repurchase
    of debt securities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(121)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Deposits
    linked to finance debt (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(17)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    cash used in financing activities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,880</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(9,334)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,850)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,754</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(19,107)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(1,858)</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(*)
    Deposits linked to finance debt with China Development Bank, with semiannual settlements in June and December.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>31.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Summarized
                                            information on current and non-current finance debt</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 36%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Maturity
    in</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Up
    to 1 year</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>1
    to 2 years</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2
    to 3 years</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>3
    to 4 years</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>4
    to 5 years</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>5
    years onwards</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total
    (*)</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Fair
    Value</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Financing
    in U.S.Dollars (US$):</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,879</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,240</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,569</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,528</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,465</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,006</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22,687</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22,721</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Floating
    rate debt (**)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,588</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,681</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,934</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,143</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,739</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">652</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,737</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Fixed
    rate debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">291</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">559</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">635</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">385</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">726</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,354</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,950</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    interest rate p.a.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.8%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.5%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.1%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.3%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.9%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.6%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.6%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Financing
    in Brazilian Reais (R$):</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">622</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">690</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">221</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">440</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">427</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,507</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,907</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,907</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Floating
    rate debt (***)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">324</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">280</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">138</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">138</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">333</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,060</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,273</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Fixed
    rate debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">298</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">410</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">83</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">302</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">94</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,447</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,634</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    interest rate p.a.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.7%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.9%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.5%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.2%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.4%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.6%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.6%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Financing
    in Euro (&euro;):</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">289</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">583</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">922</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">897</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Fixed
    rate debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">289</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">583</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">922</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    interest rate p.a.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.7%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.7%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.7%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.7%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.7%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Financing
    in Pound Sterling (&pound;):</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">38</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">555</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">845</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,438</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,328</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Fixed
    rate debt</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">38</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">555</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">845</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,438</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    interest rate p.a.</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.2%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.0%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.0%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.2%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.0%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.5%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.3%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    as of December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,576</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,943</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,079</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,523</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,892</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>13,941</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>29,954</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>29,853</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    interest rate</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.7%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.5%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.1%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.2%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.0%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.6%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.5%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    as of December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,641</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,973</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,988</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,449</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,832</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18,817</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>35,700</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>37,891</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    interest rate</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.2%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.3%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.5%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.6%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.9%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.5%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6.2%</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)The
    average maturity of outstanding debt as of December 31, 2022 is 12.07 years (13.39 years as of December 31, 2021).</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(**)
    Operations with variable index + fixed spread.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(***)
    Operations with variable index + fixed spread, if applicable.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
fair value of the Company's finance debt is mainly determined and categorized into a fair value hierarchy as follows:</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Level
1- quoted prices in active markets for identical liabilities, when applicable, amounting to US$&nbsp;13,061 of December 31, 2022 (US$
20,770 of December 31, 2021); and</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Level
2 &ndash; discounted cash flows based on discount rate determined by interpolating spot rates considering financing debts indexes proxies,
taking into account their currencies and also Petrobras&rsquo; credit risk, amounting to US$&nbsp;16,792 as of December 31, 2022 (US$
17,121 as of December 31, 2021).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Regarding
the Interest Rate Benchmark Reform (IBOR Reform), in order to prepare for the transition to alternative reference rates, the Company
continues to monitor the pronouncements of regulatory authorities, aimed at adapting its financial instruments to the new benchmark,
and the Company expects that the replacement of the LIBOR reference in the current financing agreements will be carried out under market
conditions and, therefore, expects that there will be no material impacts when this process is completed.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company has debts indexed to Libor (London Interbank Offered Rate), corresponding to 30.8% of total finance debt.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
sensitivity analysis for financial instruments subject to foreign exchange variation is set out in note 34.3.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A
maturity schedule of the Company&rsquo;s finance debt (undiscounted), including face value and interest payments is set out as follows:</FONT></P>


<!-- Field: Page; Sequence: 84 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 27%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Maturity</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2023</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2024</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2025</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2026</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2027</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2028
    and thereafter</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Principal</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,106</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,061</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,173</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,665</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,657</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16,041</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31,703</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36,557</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Interest</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,928</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,748</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,441</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,282</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,068</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17,348</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24,815</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30,557</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,034</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,809</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,614</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,947</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,725</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>33,389</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>56,518</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>67,114</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A
maturity schedule of the lease arrangements (nominal amounts) is set out in note 32.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>31.5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Lines
                                            of credit</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 14%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 25%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 14%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Company</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Financial
                                            </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>institution</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Date</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Maturity</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Available</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>(Lines
    of Credit)</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Used</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Balance</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Abroad</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">PGT
    BV</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Syndicate
    of banks</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12/16/2021</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11/16/2026</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,000</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">PGT
    BV (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Syndicate
    of banks</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3/27/2019</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2/27/2024</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,250</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,250</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,250</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,250</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>In
    Brazil</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Banco
    do Brasil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3/23/2018</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9/26/2026</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">383</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">383</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrobras</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Banco
    do Brasil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10/4/2018</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9/5/2025</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">383</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">383</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transpetro</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Caixa
    Econ&ocirc;mica Federal</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11/23/2010</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Not
    defined</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">63</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">63</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>829</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>829</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #7F7F7F">(*)
    In April 2021, the subsidiary PGT BV extended part of the Revolving Credit Facility. As such, US$ 2,050 will be available for withdrawal
    from February 28, 2024 until February 27, 2026.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>31.6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Covenants
                                            and Collateral</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>31.6.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Covenants</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company has covenants that were not in default at December 31, 2022 in its loan agreements and notes issued in the capital markets requiring,
among other obligations i) the presentation of interim financial statements within 90 days of the end of each quarter (not reviewed by
Independent Registered Public Accounting Firm) and audited financial statements within 120 days of the end of each fiscal year, with
a grace period ranging from 30 to 60 days, depending on the agreement; ii) Negative Pledge / Permitted Liens clause; and iii) covenants
with respect to debt level in some of its loan agreements with the Brazilian Development Bank (Banco Nacional de Desenvolvimento Econ&ocirc;mico
e Social - BNDES).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Additionally,
there are other non-financial obligations that the Company has to comply with: i) clauses of compliance with the laws, rules and regulations
applicable to the conduct of its business including (but not limited to) environmental laws; (ii) clauses in financing agreements that
require both the borrower and the guarantor to conduct their business in compliance with anti-corruption laws and anti-money laundering
laws and to institute and maintain policies necessary for such compliance; and (iii) clauses in financing agreements that restrict relations
with entities or even countries sanctioned primarily by the United States (including, but not limited to, the Office of Foreign Assets
Control - OFAC, Department of State and Department of Commerce), the European Union and United Nations.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>31.6.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Collateral</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Most
of the Company&rsquo;s debt is unsecured, but certain specific funding instruments to promote economic development are collateralized.
Such contracts represent 16% of the total financing, notably a Financing agreement with China Development Bank (CDB).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
loans obtained by structured entities are collateralized based on the projects&rsquo; assets, as well as liens on receivables of the
structured entities. Bonds issued by the Company in the capital market are unsecured.&#9;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
global notes issued by the Company in the capital market through its wholly-owned subsidiary Petrobras Global Finance B.V. &ndash; PGF
are unsecured. However, Petrobras fully, unconditionally and irrevocably guarantees these notes.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for loans and finance debt</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Loans
and finance debt are initially recognized at fair value less transaction costs that are directly attributable to its issue and subsequently
measured at amortized cost using the effective interest method.</FONT></P>


<!-- Field: Page; Sequence: 85 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->84<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">When
the contractual cash flows of a financial liability measured at amortized cost are renegotiated or modified and this change is not substantial,
its gross carrying amount will reflect the discounted present value of its cash flows under new terms using the original effective interest
rate. The difference between the book value immediately prior to such modification and the new gross carrying amount is recognized as
gain or loss in the statement of income. When such modification is substantial, the original liability is extinguished and a new liability
is recognized, impacting the statement of income for the period.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_037"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>32.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Lease
                                            liabilities</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company is the lessee in agreements primarily including oil and gas producing units, drilling rigs and other exploration and production
equipment, vessels and support vessels, helicopters, lands and buildings. Changes in the balance of lease liabilities are presented below:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 67%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>In
    Brazil</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Abroad</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,604</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18,439</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23,043</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement
    / new contracts</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,730</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,219</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,949</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Payment
    of principal and interest (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,785)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,638)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,423)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Interest
    expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">365</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">991</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,356</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    exchange gains and losses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(169)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,221)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,390)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">287</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,170</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,457</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfers
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(135)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(147)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6,020</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17,825</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23,845</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,557</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18,288</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    The Repayment of lease liability, disclosed in the Statements of Cash Flows, includes US$ 7 related to assets classified as held
    for sale.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 67%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>In
    Brazil</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Abroad</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,340</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17,310</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>21,650</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement
    / new contracts</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,655</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,474</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,129</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Payment
    of principal and interest</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,560)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,267)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,827)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Interest
    expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">243</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">990</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,233</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    exchange gains and losses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">151</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,288</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,439</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(272)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,310)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,582)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfers
    </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">47</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(46)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,604</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18,439</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23,043</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,432</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17,611</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A
maturity schedule of the lease arrangements (nominal amounts) is set out as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 33%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Nominal
    Future Payments</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>up
    to 1 year</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>1
    to 2 years</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2
    to 3 years</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>3
    to 4 years</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>4
    to 5 years</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>5
    years onwards</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Recoverable
    taxes</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Without
    readjustment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Vessels</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,813</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,000</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,141</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">491</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">340</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,695</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,480</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">255</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">93</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">40</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">157</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">With
    readjustment - abroad (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Vessels</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">238</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">213</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">179</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">158</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">131</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">936</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Platforms</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,546</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,539</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,461</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,368</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,358</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,992</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18,264</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">With
    readjustment - Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Vessels</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">609</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">464</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">288</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">109</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,498</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">120</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Properties</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">159</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">209</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">163</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">156</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">175</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,365</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,227</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">93</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">252</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">156</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">129</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">107</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">100</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">419</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,163</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">73</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Nominal
    amounts on December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,710</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,621</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,380</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,394</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,122</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>14,498</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>32,725</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>555</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Nominal
    amounts on December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,567</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,944</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,027</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,309</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,972</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>14,608</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>31,427</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>346</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    Contracts signed in the U.S. Dollars.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
following table presents the main information on leases by class of underlying assets, where platforms and vessels represent 92% of the
lease liability:</FONT></P>


<!-- Field: Page; Sequence: 86 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->85<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD COLSPAN="4" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Present
    Value of Future Payments</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Discount
    rate (%)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Average
    Period</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Recoverable
    taxes</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Closing
    Balance</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Opening
    Balance</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 33%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Without
    readjustment</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Vessels</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,0518</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5.8
    years </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">255</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,421</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,201</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,5774</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2.6
    years </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">149</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">202</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">With
    readjustment - abroad (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Platforms</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,7393</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13.9
    years </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12,340</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13,059</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Vessels</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,4127</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.2
    years </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">838</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,431</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">With
    readjustment - Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Vessels</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,8958</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2.8
    years </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">120</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,298</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">850</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Properties</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,0496</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">22.7
    years </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">93</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,010</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">590</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,8752</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7.7
    years </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">73</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">789</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">710</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    (**)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,5127</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11.4
    years </B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>555</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23,845</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23,043</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(*)
    Incremental nominal rate on company debt calculated from the yield curve of bonds and credit risk of the Company, as well as terms
    .</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(**)&nbsp;&nbsp;Total
    amount, except for the average period column.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
certain contracts, there are variable payments and amounts less than 1 year recognized as an expense:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 67%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: teal"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: teal"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: teal"><B>31.12.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: teal"><B>31.12.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Variable
    payments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,060</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">898</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Variable
    payments x fixed payments</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20%</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Up
    to 1 year maturity</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">118</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">110</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">At
December 31, 2022, the nominal amounts of lease agreements for which the lease term has not commenced, as they relate to assets under
construction or not yet available for use, is US$&nbsp;79,913 (US$&nbsp;79,557 at December 31, 2021).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
sensitivity analysis of financial instruments subject to exchange variation is presented in note 34.3.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><U>Accounting
policy for lease liabilities</U></B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Lease
liabilities, including those whose underlying assets are of low value, are measured at the present value of lease payments, which includes
recoverable taxes, non-cancellable periods and options to extend a lease when they are reasonably certain. These payments are discounted
at the Company's nominal incremental rate on loans, as the interest rates implicit in lease agreements with third parties usually cannot
be readily determined.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Lease
remeasurements reflect changes arising from contractual rates or indexes, as well as lease terms due to new expectations of lease extensions
or terminations.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Unwinding
of discount on the lease liability is classified as finance expense, while payments reduce their carrying amount. According to the Company&rsquo;s
foreign exchange risk management, foreign exchange variations on lease liabilities denominated in U.S. dollars are designated as instruments
to protect cash flow hedge relationships from highly probable future exports (see note 34.3).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
the E&amp;P segment, some activities are conducted by joint operations with partner companies where the Company is the operator. In cases
where all parties to the joint operation are primarily responsible for the lease payments, the Company recognizes the lease liability
in proportion to its share. When using underlying assets arising from a specific contract in which the Company is solely responsible
for the lease payments, the lease liabilities remain fully recognized and the partners are charged in proportion to their interests.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Payments
associated with short-term leases (term of 12 months or less) are recognized as an expense over the term of the lease.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_038"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>33.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Equity</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Share
                                            capital (net of share issuance costs)</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
of December 31, 2022 and December 31, 2021, subscribed and fully paid share capital, net of issuance costs, was US$&nbsp;107,101, represented
by 7,442,454,142 common shares and 5,602,042,788 preferred shares, all of which are registered, book-entry shares with no par value.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Preferred
shares have priority on returns of capital, do not grant any voting rights and are non-convertible into common shares.</FONT></P>


<!-- Field: Page; Sequence: 87 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->86<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Capital
                                            reserve</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Capital
reserve comprises treasury shares owned by Petrobras, in the amount of US$&nbsp;2, at December 31, 2022 and December 31, 2021.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Capital
                                            transactions </B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.3.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Incremental
                                            costs directly attributable to the issue of shares</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">It
includes any transaction costs directly attributable to the issue of new shares, net of taxes.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.3.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Change
                                            in interest in subsidiaries </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">It
includes any excess of amounts paid/received over the carrying value of the interest acquired/disposed. Changes in interests in subsidiaries
that do not result in loss of control of the subsidiary are equity transactions.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.3.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Treasury
                                            shares </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Shares
held in treasury in the amount of US$&nbsp;2, at December 31, 2022 and December 31, 2021, represented by 222,760 common shares and 72,909
preferred shares.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Profit
                                            reserves </B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.4.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Legal
                                            reserve </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">It
represents 5% of the net income for the year, calculated pursuant to article 193 of the Brazilian Corporation Law.</FONT></P>

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<TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.4.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Statutory
                                            reserve </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Appropriated
by applying 0.5% of the year-end share capital and is retained to fund technology research and development programs. The balance of this
reserve may not exceed 5% of the share capital, pursuant to article 56 of the Company&rsquo;s bylaws.</FONT></P>

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<TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.4.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Tax
                                            incentives reserve </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Government
grants are recognized in the statement of income and are appropriated from retained earnings to the tax incentive reserve pursuant to
article 195-A of Brazilian Corporation Law. This reserve may only be used to offset losses or increase share capital.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, the amount of US$&nbsp;457 was appropriated from retained earnings to the tax incentive reserve referring to a subsidy incentive
for investments, granted by the Superintendencies for Development of the Northeast Region of Brazil (SUDENE) and of the Amazon (SUDAM).</FONT></P>

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<TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.4.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Profit
                                            retention reserve </B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">It
includes funds intended for capital expenditures, primarily in oil and gas exploration and development activities, as per the capital
budget of the Company, pursuant to article 196 of the Brazilian Corporation Law.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Distributions
                                            to shareholders</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Pursuant
to Brazilian Corporation Law, the Company&rsquo;s shareholders are entitled to receive minimum mandatory dividends (and/or interest on
capital) of 25% of the adjusted net income for the year in proportion to the number of common and preferred shares held by them.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">To
the extent the Company proposes dividend distributions, preferred shares have priority in dividend distribution, which is based on the
highest of 3% of the preferred shares&rsquo; net book value or 5% of the preferred share capital. Preferred shares participate under
the same terms as common shares in capital increases resulting from the capitalization of profit reserves or retained earnings. However,
this priority does not necessarily grant dividend distributions to the preferred shareholders in the event of loss for a year.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
payment of dividends may be made only to preferred shareholders if the priority dividends absorb all the adjusted net income for the
year or reach an amount equal to or greater than the mandatory minimum dividend of 25%.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company&rsquo;s policy on distributions to shareholders, approved by the Board of Directors in 2019 and updated in November 2021, defines
the following:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">minimum
                                            distribution of US$ 4,000 for fiscal years when the average Brent price exceeds US$ 40 per
                                            barrel, regardless its level of indebtedness. This distribution will be equal to both common
                                            and preferred shares, once it exceeds the minimum value for preferred shares provided for
                                            in the Company's bylaws;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">in
                                            case of gross debt (comprising current and non-current finance debt and lease liability)
                                            equal to or less than US$&nbsp;65,000, in addition to the existence of net income attributable
                                            to shareholders of Petrobras, to be verified on a quarterly basis, the Company will distribute
                                            to shareholders 60% of the difference between net cash provided by operating activities and
                                            cash used in the acquisition of PP&amp;E and intangibles assets, calculated in Brazilian
                                            reais, provided that the result of this calculation exceeds US$&nbsp;4,000 and does not compromise
                                            the financial sustainability of the Company; </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">regardless
                                            its level of indebtedness, the Company may, in exceptional cases, pay extraordinary dividends,
                                            exceeding the minimum mandatory dividend or the values established in the policy, provided
                                            that the Company's financial sustainability is preserved;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the
                                            distribution of remuneration to shareholders must be made on a quarterly basis; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the
                                            Company may exceptionally distribute dividends even if there is no net income for the year,
                                            in accordance with the rules provided for the Brazilian Corporation Law and the criteria
                                            defined in this policy.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras
seeks, through its policy on distributions to shareholders, to ensure short, medium and long-term financial sustainability, providing
predictability to the dividend payments to shareholders.</FONT></P>

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<TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.5.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Accounting
                                            policy on distributions to shareholders</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Distributions
to shareholders are made by means of dividends and interest on capital, determined in accordance with the limits defined in the Brazilian
Corporation Law and in the Company&rsquo;s bylaws.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Interest
on capital is a deductible expense, since it is part of the dividend for the year, as provided for in the Company&rsquo;s bylaws, and
accounted for in the statement of income, as required by tax legislation, resulting in a tax credit for income taxes recognized in the
statement of income of the year.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
dividends portion provided for in the bylaws or that represents the minimum mandatory dividends is recognized as a liability within the
statement of financial position. Any excess must be maintained in shareholders' equity, as additional dividends proposed, until its approval
on the Annual General Shareholders Meeting.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Dividends
not claimed by Petrobras&rsquo; shareholders are transferred from dividends payable to other current liabilities. After 3 years from
the date these dividends are made available to shareholders, they are reclassified from other current liabilities to equity within retained
earnings, in accordance with Petrobras' bylaws.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.5.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Proposed
                                            dividends for 2022</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Distribution
to shareholders for 2022, proposed by management for approval at the Annual General Shareholders Meeting, amounting to US$&nbsp;43,187
(US$&nbsp;3.3106 per outstanding share), includes the minimum mandatory dividend of 25% of the adjusted net income (US$&nbsp;8,458) and
additional dividends proposed (US$&nbsp;34,729), arising from the remaining portion of retained earnings and the profit retention reserve.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This
amount includes US$&nbsp;36,323 of anticipations to shareholders, updated by SELIC interest rate, from the payment date to December 31,
2022, and US$&nbsp;6,864 of complementary dividends.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Cash
generation arising from higher sales margins, the maintenance of the indebtedness target, as well as the absence of investments held
back by financial restrictions, allowed proposed dividends for 2022 to be higher than dividends calculated based on the Company&rsquo;s
policy on distribution to shareholders (US$&nbsp;23,660).</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 67%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Date
    of approval</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Date
    of record</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Amount
    per common and preferred share</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 7%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Amount</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Dividends
    and interest on capital - paid in 2 installments - June and July 2022</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">05.05.2022</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">05.23.2022</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.7423</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,683</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Dividends
    and interest on capital - paid in 2 installments - August and September 2022 </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">07.28.2022</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">08.11.2022</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1.2909</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16,839</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Dividends
    and interest on capital - paid in 2 installments - December 2022 and January 2023</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11.03.2022</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11.21.2022</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.6521</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,508</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Total
    approved anticipations of dividends as of December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2.6853</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>35,030</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Monetary
    restatement on paid anticipations</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.0991</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,293</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Total
    anticipations of dividends monetarily restated</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2.7844</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>36,323</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Complementary
    dividends</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.5262</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,864</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Total
    dividends proposed for 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3.3106</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>43,187</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Total
    dividends for 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1.4215</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18,541</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">According
to the Company&rsquo;s by-laws, these amounts are indexed to the Selic interest rate, from the date of the payment to the end of the
fiscal year (US$&nbsp;1,293), and are considered in determining the remaining dividends to be paid relating to 2022.</FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
interest on capital anticipated for the year 2022 resulted in a deductible expense which reduced the income tax expense by US$&nbsp;1,234.
This amount was subject to withholding income tax (IRRF) of 15%, except for immune and exempt shareholders, as established in applicable
law.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.5.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Dividends
                                            for 2021</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Distribution
to shareholders for 2021, proposed by management and approved at the Annual General Shareholders Meeting held on April 13, 2022, amounted
US$&nbsp;18,541 (corresponding to US$ 1.4215 per outstanding share), includes the minimum mandatory dividend of 25% of the adjusted net
income (US$&nbsp;4,510) and additional dividends proposed (US$&nbsp;14,031), arising from the remaining portion of retained earnings
and the profit retention reserve. This proposal was superior to the priority of preferred shares.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This
amount included US$&nbsp;11,853 of anticipations to shareholders, updated by SELIC interest rate, from the payment date to December 31,
2021, and US$ 6,688 of complementary dividends.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">These
complementary were reclassified from shareholders' equity to liabilities on the date of approval on the Annual General Shareholders Meeting
and paid on May 16, 2022 in the amount of US$ 6,987, equivalent to US$ 0.5356 per outstanding share, including the updated by the Selic
interest rate from December 31, 2021 to the payment date, in the amount of US$ 299.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.5.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Dividends
                                            payable</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
of December 31, 2022, dividends payable within current liabilities, amounting to US$&nbsp;4,171, relate to the second installment of
the anticipation of dividend approved on November 3, 2022 and paid on January 19, 2023.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 74%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Opening
    balance of dividends payable to shareholders of Petrobras</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>849</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Additions
    relating to complementary dividends</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,688</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,128</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Additions
    relating to anticipated dividends</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">35,030</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,732</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Payments
    made</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(37,701)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(13,078)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Monetary
    restatement</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(298)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(13)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfers
    to unclaimed dividends</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(165)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(67)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Withholding
    income taxe over interest on capital and monetary restatement</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(366)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(217)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">981</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(334)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Closing
    balance of dividends payable to shareholders of Petrobras</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,169</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Dividends
    payable to non-controlling shareholders</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Consolidated
    closing balance of dividends payable</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,171</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Complementary
dividends amounting to US$&nbsp;6,932 (US$&nbsp;0.5314 per outstanding share) will be maintained in shareholders' equity until its approval
on the Annual General Shareholders Meeting, to be held in April 2023, when it will be reclassified to liabilities, if approved.</FONT></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->89<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.5.5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Unclaimed
                                            Dividends</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
of December 31, 2022, the balance of dividends not claimed by shareholders of Petrobras is US$&nbsp;241 recorded as other current liabilities,
as described in note 20 (US$&nbsp;81 as of December 31, 2021). The payment of these dividends was not carried out due to the lack of
registration data for which the shareholders are responsible with the custodian bank for the Company's shares and with Petrobras.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 74%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Changes
    in unclaimed dividens</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Opening
    balance</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>81</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Transfers
    from dividends payable</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">165</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">67</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Prescription</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Translation
    adjustment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Closing
    Balance</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>241</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>81</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Prescribed
dividends amounting to US$&nbsp;11 in 2022 was transferred to equity, within retained earnings.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
following table presents the Company&rsquo;s expectation of prescription of unclaimed dividends if missing registration data is uninformed
by shareholders of Petrobras.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 74%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Expectation
    of prescription of unclaimed dividends</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2022</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2023</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>63</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2024</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>171</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD COLSPAN="2" STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>241</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>33.6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Earnings
                                            per share</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 37%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Common</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Preferred</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Common</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Preferred</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Common</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Preferred</B></FONT></TD>
    <TD STYLE="width: 7%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Net
    income attributable to shareholders of Petrobras</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>20,895</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>15,728</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>36,623</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,339</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,536</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>19,875</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>651</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>490</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,141</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Weighted
    average number of outstanding shares</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,442,231,382</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,601,969,879</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13,044,201,261</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,442,231,382</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,601,969,879</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13,044,201,261</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,442,231,382</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,601,969,879</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13,044,201,261</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Basic
    and diluted earnings per share - in U.S. dollars</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2.81</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2.81</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2.81</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1.52</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1.52</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1.52</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>0.09</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>0.09</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>0.09</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Basic
    and diluted earnings (losses) per ADS equivalent - in U.S. dollars <SUP>(*)</SUP></B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5.62</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5.62</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5.62</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3.04</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3.04</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3.04</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>0.18</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>0.18</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>0.18</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    Petrobras' ADSs are equivalent to two shares.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Basic
earnings per share are calculated by dividing the net income (loss) attributable to shareholders of Petrobras by the weighted average
number of outstanding shares during the period.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Diluted
earnings per share are calculated by adjusting the net income (loss) attributable to shareholders of Petrobras and the weighted average
number of outstanding shares during the period taking into account the effects of all dilutive potential shares (equity instrument or
contractual arrangements that are convertible into shares).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Basic
and diluted earnings are identical as the Company has no potentially dilutive shares.</FONT></P>


<!-- Field: Page; Sequence: 91 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->90<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 13pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><A NAME="a_039"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>34.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Risk
                                            management</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company is exposed to a variety of risks arising from its operations, including price risk (related to crude oil and oil products prices),
foreign exchange rates risk, interest rates risk, credit risk and liquidity risk. Corporate risk management is part of the Company&rsquo;s
commitment to act ethically and comply with the legal and regulatory requirements of the countries where it operates.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">To
manage market and financial risks the Company prefers structuring measures through adequate capital and leverage management. While managing
risks, the Company considers its corporate governance and controls, technical departments and statutory committees monitoring, under
the guidance of the Board of Executive Officers and the Board of Directors. The Company takes account of risks in its business decisions
and manages any such risk in an integrated manner in order to enjoy the benefits of diversification.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company presents a sensitivity analysis of factors relating to its corporate risk management process. The possible and remote scenarios
are related to events with low and very low probability of occurrence, respectively. The period of application of the sensitivity analysis
is one year, except for operations with commodity derivatives, for which a three-month period is applied, due to the short-term nature
of these transactions.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>34.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Derivative
                                            financial instruments</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A
summary of the positions of the derivative financial instruments held by the Company and recognized in other current assets and liabilities
as of December 31, 2022 , as well as the amounts recognized in the statement of income and other comprehensive income and the guarantees
given is set out as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Statement
    of Financial Position</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 45%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Fair
    value</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Notional
    value</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Asset
    Position (Liability)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Maturity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Derivatives
    not designated for hedge accounting</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Future
    contracts - total (*)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">683</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,308)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(40)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Long
    position/Crude oil and oil products</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9,058</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,380</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Short
    position/Crude oil and oil products</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8,375)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,688)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Swap
    (**)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Long
    put/ Soybean oil (**)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Forward
    contracts </B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Short
    position/Foreign currency forwards (BRL/USD) (***)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">US$
    15</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Swap</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    currency / Cross-currency Swap (***)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">GBP
    583</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    currency / Cross-currency Swap (***)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">GBP
    442</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(50)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Swap
    - CDI X IPCA</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">R$
    3,008</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">R$
    3,008</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(16)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2029/2034</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    currency / Cross-currency Swap (***)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">US$
    729</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">US$
    729</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(64)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(221)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2024/2029</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #EAF1DD">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    recognized in the Statement of Financial Position</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(120)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(250)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; width: 45%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    Notional value in thousands of bbl.</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(**)
    Notional value in thousands of tons.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(***)
Amounts in US$, GBP and R$ are presented in million.</FONT>&nbsp;</P>
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 92 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->91<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Gains/
    (losses) recognized in the statement of income</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 67%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Commodity
    derivatives</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Crude
    oil - Note 34.2 (a)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(502)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    commodity derivative transactions - Note 34.2 (b)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(256)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(79)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">194</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in Other Income and Expenses</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(256)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(79)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(308)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Currency
    derivatives</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Swap
    Pounds Sterling x Dollar - Note 34.3 (b)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(297)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(85)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">NDF
    &ndash; Euro x Dollar</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(23)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">NDF
    &ndash; Pounds Sterling x Dollar</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Swap
    CDI x Dollar - Note 34.3 (b)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">211</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(284)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(81)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(78)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(278)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Interest
    rate derivatives</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Swap
    - CDI X IPCA - Note 34.3 (b)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(50)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(41)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(36)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(50)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(41)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(36)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cash
    flow hedge on exports - Note 34.3 (a)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(4,871)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(4,585)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(4,720)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Recognized
    in Net finance income (expense)</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,002)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,704)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,034)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(5,258)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(4,783)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(5,342)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Gains/
    (losses) recognized in other comprehensive income</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 67%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cash
    flow hedge on exports - Note 34.3 (a)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,094</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">636</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(16,740)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Guarantees
    given as collateral</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 67%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Commodity
    derivatives</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">96</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Currency
    derivatives</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">27</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid;border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>96</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid;border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>42</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A
sensitivity analysis of the derivative financial instruments for the different types of market risks as of December 31, 2022 is set out
as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 38%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Financial
    Instruments</B></FONT></TD>
    <TD STYLE="width: 35%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Risk</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Probable
    Scenario</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Reasonably
                                            possible</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>scenario</B></FONT></P></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Remote</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Scenario</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Derivatives
    not designated for hedge accounting</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    and forward contracts</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Crude
    oil and oil products - price changes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(135)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(269)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(135)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(269)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
probable scenario uses market references, used in pricing models for oil, oil products and natural gas markets, and takes into account
the closing price of the asset on December 31, 2022. Therefore, no variation is considered arising from outstanding operations in this
scenario. The reasonably possible and remote scenarios reflect the potential effects on the statement of income from outstanding transactions,
considering a variation in the closing price of 20% and 40%, respectively. To simulate the most unfavorable scenarios, the variation
was applied to each asset according to open transactions: price decrease for long positions and increase for short positions.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>34.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Risk
                                            management of products prices</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company is usually exposed to commodity price cycles, although it may use derivative instruments to hedge exposures related to prices
of products purchased and sold to fulfill operational needs and in specific circumstances depending on business environment analysis
and assessment of whether the targets of the Strategic Plan are being met.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Crude
                                            Oil</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
March 2020, in order to preserve the Company's liquidity, Petrobras approved a hedge strategy for exported oil already shipped but not
priced mainly due to the high volatility at that time, both due to the effects of the oil price drop and the effects of the COVID-19
pandemic on the global oil consumption.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
a result of this strategy, from April 2020, transactions using forward (swap) and futures contracts were carried out. Forward transactions
do not require initial disbursement, whereas future transactions require margin deposits, depending on the volume contracted.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Other
                                            commodity derivative transactions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras,
by use of its assets, positions and market knowledge from its operations in Brazil and abroad, occasionally seeks to optimize some of
its commercial operations in the international market, with the use of commodity derivatives to manage price risk.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>34.3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Foreign
                                            exchange risk management</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company&rsquo;s Risk Management Policy provides for, as an assumption, an integrated risk management that extends to the whole corporation,
pursuing the benefit from the diversification of its businesses.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">By
managing its foreign exchange risk, the Company takes into account the cash flows derived from its operations as a whole. This concept
is especially applicable to the risk relating to the exposure of the Brazilian Real against the U.S. dollar, in which future cash flows
in U.S. dollar, as well as cash flows in Brazilian Real affected by the fluctuation between both currencies, such as cash flows derived
from diesel and gasoline sales in the domestic market, are assessed in an integrated manner.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Accordingly,
the financial risk management mainly involves structured actions encompassing the business of the Company.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Changes
in the Real/U.S. dollar spot rate, as well as foreign exchange variation of the Real against other foreign currencies, may affect net
income and the statement of financial position due to the exposures in foreign currencies, such as high probable future transactions,
monetary items and firm commitments.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company seeks to mitigate the effect of potential variations in the Real/U.S. dollar spot rates mainly raising funds denominated in US
dollars, aiming at reducing the net exposure between obligations and receipts in this currency, thus representing a form of structural
protection that takes into account criteria of liquidity and cost competitiveness.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Foreign
exchange variation on future exports denominated in U.S. Dollar in a given period are efficiently hedged by the US dollar debt portfolio
taking into account changes in such portfolio over time.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
foreign exchange risk management strategy may involve the use of derivative financial instruments to hedge certain liabilities, mitigating
foreign exchange rate risk exposure, especially when the Company is exposed to a foreign currency in which no cash inflows are expected.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
the short-term, the foreign exchange risk is managed by applying resources in cash or cash equivalent denominated in Brazilian Real,
U.S. Dollar or in another currency.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Cash
                                            Flow Hedge involving the Company&rsquo;s future exports</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
carrying amounts, the fair value as of December 31, 2022, and a schedule of expected reclassifications to the statement of income of
cumulative losses recognized in other comprehensive income (shareholders&rsquo; equity) based on a US$&nbsp;1.00 / R$&nbsp;5,2177 exchange
rate are set out below:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 28%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 26%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Present
                                            value of hedging instrument notional value at</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>12.31.2022</B></FONT></P></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Hedging
    Instrument</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Hedged
    Transactions</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Nature</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>of
    the Risk</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Maturity</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Date</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>US$
    million</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>R$
    million</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    exchange gains and losses on proportion of non-derivative financial instruments cash flows</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    exchange gains and losses of highly probable future monthly exports revenues</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Foreign
                                            Currency</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&ndash;
    Real vs U.S. Dollar</FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #675C53"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Spot
    Rate</FONT></P></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">January
    2023 to December 2032</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">62,119</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">324,121</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Changes
    in the present value of hedging instrument notional value</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>US$
    million</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>R$
    million</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Amounts
    designated as of December 31, 2021</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">72,640</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">405,370</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Additional
    hedging relationships designated, designations revoked and hedging instruments re-designated</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,589</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">76,263</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exports
    affecting the statement of income</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12,037)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(62,172)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Principal
    repayments / amortization</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(13,073)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(67,270)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    exchange variation&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(28,070)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Amounts
    designated as of December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>62,119</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>324,121</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Nominal
    value of hedging instrument (finance debt and lease liability) at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>72,393</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>377,723</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
the year ended December 31, 2022, the Company recognized a US$ 62 loss within foreign exchange gains (losses) due to ineffectiveness
(a US$ 15 gain in the same period of 2021).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
average ratio of future exports for which cash flow hedge accounting was designated to the highly probable future exports is 48.58%.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A
roll-forward schedule of cumulative foreign exchange losses recognized in other comprehensive income as of December 31, 2022 is set out
below:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; width: 70%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>&#9;Exchange
    rate variation</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>&#9;Tax
    effect</B></FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(36,621)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>12,452</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(24,169)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Recognized
    in Other comprehensive income</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,223</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,776)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,447</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Reclassified
    to the statement of income - occurred exports</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,871</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,656)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,215</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(26,527)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,020</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(17,507)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>&#9;Exchange
    rate variation</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>&#9;Tax
    effect</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Balance
    at December 31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(37,257)</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>12,667</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(24,590)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Recognized
    in Other comprehensive income</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,949)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,344</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,605)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Reclassified
    to the statement of income - occurred exports</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,585</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,559)</FONT></TD>
    <TD STYLE="background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,026</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid;border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(36,621)</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid;border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>12,452</B></FONT></TD>
    <TD STYLE="border-top: #008542 1pt solid; border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(24,169)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Additional
hedging relationships may be revoked or additional reclassification adjustments from equity to the statement of income may occur as a
result of changes in forecasted export prices and export volumes following a revision of the Company&rsquo;s strategic plan. Based on
a sensitivity analysis considering a US$&nbsp;10/barrel decrease in Brent prices stress scenario, when compared to the Brent price projections
in the Strategic Plan 2023-2027, would not indicate a reclassification&nbsp;from equity to the statement of income.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A
schedule of expected reclassification of cumulative foreign exchange losses recognized in other comprehensive income to the statement
of income as of December 31, 2022 is set out below:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 34%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2023</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2024</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2025</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2026</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2027</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2028</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2029
    to 2032</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Expected
    realization</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,613)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,692)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,558)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,019)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3,258)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,251)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,136)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26,527)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Accounting
policy for hedge accounting</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">At
inception of the hedge relationship, the Company documents its objective and strategy, including identification of the hedging instrument,
the hedged item, the nature of the hedged risk and evaluation of hedge effectiveness requirements.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Considering
the natural hedge and the risk management strategy, the Company designates hedging relationships to account for the effects of the existing
hedge between a foreign exchange gain or loss from proportions of its long-term debt obligations (denominated in U.S. dollars) and foreign
exchange gain or loss of its highly probable U.S. dollar denominated future exports revenues, so that gains or losses associated with
the hedged transaction (the highly probable future exports) and the hedging instrument (debt obligations) are recognized in the statement
of income in the same periods.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Foreign
exchange gains and losses on proportions of debt obligations and lease liability (non-derivative financial instruments) have been designated
as hedging instruments.</FONT></P>


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<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
highly probable future exports for each month are hedged by a proportion of the debt obligations with an equal US dollar nominal amount.
Only a portion of the Company&rsquo;s forecast exports are considered highly probable.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company&rsquo;s future exports are exposed to the risk of variation in the Brazilian Real/U.S. dollar spot rate, which is offset by the
converse exposure to the same type of risk with respect to its debt denominated in US dollar.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
hedge relationships are assessed on a monthly basis and they may cease and may be re-designated in order to achieve the risk management
strategy.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Foreign
exchange gains and losses relating to the effective portion of such hedges are recognized in other comprehensive income and reclassified
to the statement of income within finance income (expense) in the periods when the hedged item affects the statement of income.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Whenever
a portion of future exports for a certain period, for which their foreign exchange gains and losses hedging relationship has been designated
is no longer highly probable, the Company revokes the designation and the cumulative foreign exchange gains or losses that have been
recognized in other comprehensive income remain separately in equity until the forecast exports occur.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">If
future exports for which foreign exchange gains and losses hedging relationship has been designated is no longer expected to occur, any
related cumulative foreign exchange gains or losses that have been recognized in other comprehensive income from the date the hedging
relationship was designated to the date the Company revoked the designation is immediately recycled from equity to the statement of income.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
addition, when a financial instrument designated as a hedging instrument expires or settles, the Company may replace it with another
financial instrument in a manner in which the hedge relationship continues to occur. Likewise, whenever a hedged transaction effectively
occurs, its financial instrument previously designated as a hedging instrument may be designated for a new hedge relationship.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Gains
or losses relating to the ineffective portion are immediately recognized in finance income (expense). Ineffectiveness may occur as hedged
items and hedge instruments have different maturity dates and due to discount rate used to determine their present value.</FONT></P>

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<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Information
                                            on ongoing contracts</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Cross
currency swap &ndash; Pounds Sterling x Dollar </B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2017, the Company, through its wholly owned subsidiary Petrobras Global Trading B.V. (PGT), entered into cross currency swaps maturing
in 2026 and 2034, with notional amounts of &pound;&nbsp;700 million and &pound;&nbsp;600 million, respectively, in order to hedge its
Pound/U.S. Dollar exposure arising from bonds issued amounting to &pound;&nbsp;1,300.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Over
the last few years, Petrobras repurchased part of these bonds, reducing its position in this derivative instrument. Between October and
November 2022, after carrying out an integrated analysis of the main risk factors to which the Company is exposed, Petrobras terminated
the position in this derivative instrument.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0; text-align: justify; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Swap
contracts &ndash; IPCA x CDI and CDI x Dollar</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
September 2019, Petrobras contracted a cross currency swap aiming to protect against exposure arising from the 7th issuance of debentures,
settled on October 9, 2019, in the total notional amount of US$ 367 for IPCA x CDI operations, maturing in September 2029 and September
2034, and US$ 240 for CDI x U.S. Dollar operations, maturing in September 2024 and September 2029.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
July 2022, the Company approved a repurchase plan for these debentures, to held them in treasury or resell them. At December 31, 2022,
only an immaterial amount of this debt had been effectively repurchased. Thus, the position in this swap remains unchanged.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Changes
in interest rate forward curves (CDI interest rate) may affect the Company's results, due to the market value of these swap contracts.
In preparing a sensitivity analysis for these curves, a parallel shock on this curve was estimated based on the average maturity of these
swap contracts, in the scope of the Company&rsquo;s Risk Management Policy. For possible and remote scenarios, the effects of 40% (500
b.p.) and 80% (1,000 b.p.) variations, respectively, on the interest rate forward curves were estimated. The effects of this sensitivity
analysis, keeping all other variables remaining constant, are shown in the following table:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 74%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Possible
    Result</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Remote
    Result</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">SWAP
    cambial (IPCA x USD)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(13)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
methodology used to calculate the fair value of this swap operation consists of calculating the future value of the operations, using
rates agreed in each contract and the projections of the forward curves, IPCA coupon and foreign exchange coupon, discounting to present
value using the risk-free rate. Curves are obtained from Bloomberg based on forward contracts traded in stock exchanges.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Finally,
the mark-to-market is adjusted to the credit risk of the financial institutions, which is not relevant in terms of financial volume,
since the Company makes contracts with highly rated banks.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Sensitivity
                                            analysis for foreign exchange risk on financial instruments</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A
sensitivity analysis is set out below, showing the probable scenario for foreign exchange risk on financial instruments, computed based
on external data along with reasonably possible and remote scenarios (20% and 40% changes in the foreign exchange rates prevailing on
December 31, 2022, respectively), except for assets and liabilities of foreign subsidiaries, when transacted in a currency equivalent
to their respective functional currencies. This analysis only covers the exchange rate variation and maintains all other variables constant.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 17%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Risk</B></FONT></TD>
    <TD STYLE="width: 19%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Financial
    Instruments</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Exposure
    at&nbsp;&nbsp;&nbsp;12.31.2022</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Probable
    Scenario (*)</B></FONT></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Reasonably
    possible</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>scenario</B></FONT></P></TD>
    <TD STYLE="width: 16%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Remote</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Scenario</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Dollar/Real</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,448</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">75</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,490</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,979</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Liabilities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(96,873)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(971)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(19,374)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(38,749)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exchange
    rate - Cross currency swap</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(576)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(6)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(115)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(231)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cash
    flow hedge on exports</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">62,120</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">623</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12,424</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24,848</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Total</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(27,881)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(279)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5,575)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11,153)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Euro/Dollar</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,018</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">32</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">204</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">407</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Liabilities
    </FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,173)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(68)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(435)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(869)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Total</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,155)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(36)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(231)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(462)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Pound/Dollar</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,445</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">289</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">578</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Liabilities</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,879)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(66)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(576)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,152)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Total</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,434)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(33)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(287)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(574)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Pound/Real</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Liabilities</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Total</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(24)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Euro/Real</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Liabilities</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(63)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(25)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Total</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(59)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(23)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD COLSPAN="2" STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(30,553)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(352)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(6,109)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(12,221)</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    At , the probable scenario was computed based on the following risks:&nbsp;&nbsp;R$ x U.S. Dollar - a 1% depreciation of the Real;&nbsp;&nbsp;Euro
    x Dollar: a 3.1 appreciation of the Euro; Pound Sterling x U.S. Dollar: a 2.26% appreciation of the Pound Sterling; Real x Euro:
    a 4.2% depreciation of the Real; and Real x Pound Sterling - a 3.3% depreciation of the Real. Source: Focus and Thomson Reuters.</FONT></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>34.4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Interest
                                            rate risk management</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company considers that interest rate risk does not create a significant exposure and therefore, preferably does not use derivative financial
instruments to manage interest rate risk, except for specific situations faced by certain subsidiaries of Petrobras.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
sensitivity analysis of interest rate risk presented in the table below is carried out for a twelve-month term. Amounts referring to
reasonably possible and remote scenarios mean the total floating interest expense if there is a variation of 40% and 80% in these interest
rates, respectively, maintaining all other variables constant.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
following table presents the amounts to be disbursed by Petrobras with the payment of interest related to debts with floating interest
rates at December 31, 2022:</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 38%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Risk</B></FONT></TD>
    <TD STYLE="width: 35%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Probable
    Scenario (*)</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Reasonably
    possible</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>scenario</B></FONT></P></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Remote</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Scenario</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">LIBOR
    3M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">LIBOR
    6M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">655</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">917</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,179</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">SOFR
    3M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">84</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">109</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">135</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">SOFR
    6M</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">CDI</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">181</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">253</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">325</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">TJLP</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">70</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">98</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">126</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">IPCA</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">96</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">134</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">173</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,115</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,550</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,987</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    The probable scenario was calculated considering the quotations of currencies and floating rates to which the debts are indexed.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>34.5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Liquidity
                                            risk management</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
possibility of a shortage of cash or other financial assets in order to settle the Company&rsquo;s obligations on the agreed dates is
managed by the Company. In the Company&rsquo;s consolidated financial statements for the year ended December 31, 2022, the net working
capital was negative. To mitigate such position, the Company has investments in post-fixed Bank Deposit Certificates (CDB) classified
as non-current assets (see note 7.2), with daily liquidity.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Following
its liability management strategy, the Company regularly evaluates market conditions and may enter into transactions to repurchase its
own securities or those of its affiliates, through a variety of means, including tender offers, make whole exercises and open market
repurchases, in order to improve its debt repayment profile and cost of debt.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>34.6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Credit
                                            risk</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Credit
risk management in Petrobras aims to mitigate risk of not collecting receivables, financial deposits or collateral from third parties
or financial institutions through efficient credit analysis, granting and management based on quantitative and qualitative parameters
that are appropriate for each market segment in which the Company operates.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
commercial credit portfolio is broad and diversified and comprises clients from the domestic and foreign markets. Credit granted to financial
institutions is related to collaterals received, cash surplus invested and derivative financial instruments. It is spread among &ldquo;investment
grade&rdquo; international banks rated by international rating agencies and Brazilian banks with low credit risk.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>34.6.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Credit
                                            quality of financial assets</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Trade
                                            and other receivables</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Most
of Petrobras's clients do not have a risk rating granted by rating agencies. Thus, for the definition and monitoring of credit limits,
management evaluates the customer's field of activity, commercial relationship, financial relationship with Petrobras and its financial
statements, among other aspects.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Other
                                            financial assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Credit
quality of cash and cash equivalents, as well as marketable securities, is based on external credit ratings provided by Standard &amp;
Poor&rsquo;s, Moody&rsquo;s and Fitch. The credit quality of those financial assets, that are neither past due nor considered to be credit
impaired, are set out below:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Cash
    and cash equivalents</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Marketable
    securities</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 56%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">AA</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,152</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #F2F2F2 1pt solid; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">A</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,806</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,145</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">820</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">BBB</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">212</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,308</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">BB</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">917</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,672</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">205</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">AAA.br</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,034</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">530</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,311</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">694</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">AA.br</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,639</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1pt solid; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    ratings</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; background-color: white; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,996</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,467</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,337</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">694</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 98 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->97<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>34.7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Fair
                                            value of financial assets and liabilities</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 56%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Level
    I</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Level
    II</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Level
    III</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Total
    fair </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>value</B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>recorded
    </B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Assets
    </B></FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">23</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: white 3pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Liabilities</B></FONT></TD>
    <TD STYLE="border-right: white 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    currency derivatives</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(64)</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(64)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Commodity
    derivatives</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(40)</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(40)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: white 3pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Interest
    rate derivatives </FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(17)</FONT></TD>
    <TD STYLE="border-right: white 3pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(17)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(40)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(81)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(121)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(272)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(273)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
fair value of other financial assets and liabilities is presented in the respective notes: 7 &ndash; Marketable securities; 13 &ndash;
Trade and other receivables; and 31 &ndash; Finance debt (estimated amount).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
fair values of cash and cash equivalents, current debt and other financial assets and liabilities are equivalent or do not differ significantly
from their carrying amounts.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_040"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>35.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Related-party
                                            transactions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company has a related-party transactions policy, which is annually revised and approved by the Board of Directors in accordance with
the Company&rsquo;s by-laws.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
order to ensure the goals of the Company are achieved and to align them with transparency of processes and corporate governance best
practices, this policy guides Petrobras while entering into related-party transactions and dealing with potential conflicts of interest
on these transactions, based on the following assumptions and provisions:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Competitiveness:
                                            prices and conditions of services compatible with those practiced in the market;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Compliance:
                                            adherence to the contractual terms and responsibilities practiced by the Company;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Transparency:
                                            adequate reporting of the agreed conditions, as well as their effects on the Company's financial
                                            statements;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Fairness:
                                            establishment of mechanisms that prevent discrimination or privileges and the adoption of
                                            practices that ensure the non-use of privileged information or business opportunities for
                                            the benefit of individuals or third parties; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Commutability:
                                            arm&rsquo;s length basis.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Audit Committee must approve in advance transactions between the Company and the Brazilian Federal Government, including its agencies
or similar bodies; Petros Foundation; Petrobras Health Association; controlled and associated entities (including entities controlled
by its associates); and entities controlled by key management personnel or by their close family members, taking into account the materiality
established by this policy. The Audit Committee (CAE) reports monthly to the Board of Directors.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Transactions
with the Brazilian Federal Government, including its agencies or similar bodies and controlled entities (the latter when classified as
out of the Company's normal course of business by the CAE), which are under the scope of Board of Directors approval, must be preceded
by the CAE and Minority Shareholders Committee assessment and must have prior approval of, at least, 2/3 of the board members.</FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The related-party
transactions policy also aims to ensure an adequate and diligent decision-making process for the Company&rsquo;s key management.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>35.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Transactions
                                            with joint ventures, associates, government entities and pension plans</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company has engaged, and expects to continue to engage, in the ordinary course of business in numerous transactions with joint
ventures, associates, pension plans, as well as with the Company&rsquo;s controlling shareholder, the Brazilian Federal Government,
which include
transactions with banks and other entities under its control, such as financing and banking, asset management and other transactions.</FONT></P>


<!-- Field: Page; Sequence: 99 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->98<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
balances of significant transactions are set out in the following table:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 64%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #006298"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #006298"><B>12.31.2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #006298"><B>Assets</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #006298"><B>Liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #006298"><B>Assets</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #006298"><B>Liabilities</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Joint
    ventures and associates</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">State-controlled
    gas distributors (joint ventures)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">255</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">42</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrochemical
    companies (associates)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    associates and joint ventures</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">72</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">104</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Subtotal</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">93</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">385</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">67</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Brazilian
    government &ndash; Parent and its controlled entities </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Government
    bonds</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,689</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,446</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Banks
    controlled by the Brazilian Government</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,811</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,567</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,417</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,267</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petroleum
    and alcohol account - receivables from the Brazilian Government</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">602</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">506</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazilian
    Federal Government (*)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,422</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Pr&eacute;-Sal
    Petr&oacute;leo S.A. &ndash; PPSA</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">57</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">58</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">71</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">54</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Subtotal</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>14,160</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,117</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,397</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,321</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">56</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">301</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">51</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">61</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,309</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,449</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,833</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,449</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Current</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,603</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,119</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,110</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">315</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Non-Current</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,706</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,330</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,723</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,134</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It includes amounts related to dividends and lease liabilities.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
income/expenses of significant transactions are set out in the following table:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 64%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Joint
    ventures and associates</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">BR
    Distribuidora (now called Vibra Energia)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,936</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,038</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Natural
    Gas Transportation Companies</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(308)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,478)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">State-controlled
    gas distributors (joint ventures)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,196</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,410</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,723</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petrochemical
    companies (associates)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,465</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,553</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,769</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    associates and joint ventures</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">96</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">418</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">265</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Subtotal</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,757</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,009</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,317</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Brazilian
    government &ndash; Parent and its controlled entities </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Government
    bonds</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">204</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">64</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">41</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Banks
    controlled by the Brazilian Government</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">71</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(157)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(456)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Receivables
    from the Electricity sector</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">131</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">72</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petroleum
    and alcohol account - receivables from the Brazilian Government</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">62</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">58</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">235</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazilian
    Federal Government</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">288</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Pr&eacute;-Sal
    Petr&oacute;leo S.A. &ndash; PPSA</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(657)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(139)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(135)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Others</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(79)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(34)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Subtotal</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(111)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(46)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(262)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Petros</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(21)</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(177)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,625</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>13,963</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>13,878</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revenues,
    mainly sales revenues</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,821</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,672</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16,202</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Purchases
    and services</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(494)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,074)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    (expenses)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(804)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(315)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(93)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Foreign
    exchange and inflation indexation charges, net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">299</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(59)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(102)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Finance
    income (expenses), net</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">313</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">159</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(55)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,625</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>13,963</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>13,878</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
December 23, 2022, Petrobras signed a contract with UEG Arauc&aacute;ria S.A., in the amount of US$&nbsp;925 (R$&nbsp;4,850), with the
purpose of selling 2,150,000 m&sup3;/day of gas, in the interruptible mode, to supply energy generation electricity by UTE Arauc&aacute;ria.
The contract is effective from January 1, 2023 to December 31, 2023.</FONT></P>


<!-- Field: Page; Sequence: 100 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Information
on the judicialized debts from the Brazilian Federal Government (<I>precat&oacute;rios</I>) issued in favor of the Company arising from
the petroleum and alcohol accounts is disclosed in note 13.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
liability related to pension plans of the Company's employees and managed by the Petros Foundation, including debt instruments, is presented
in note 17.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>35.2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Compensation
                                            of key management personnel</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The criteria
for compensation of employees and officers are established based on the relevant labor legislation and the Company&rsquo;s Positions,
Salaries and Benefits Plan (<I>Plano de Cargos e Sal&aacute;rios e de Benef&iacute;cios e Vantagens</I>).</FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
compensation of employees (including those occupying managerial positions) and officers in December 2022 and December 2021 were:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Compensation
    of employees, excluding officers&nbsp;&nbsp;(amounts in U.S. dollars)</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Lowest
    compensation</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">759</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">678</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    compensation</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,367</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,775</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Highest
    compensation</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20,790</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19,220</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Employees</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Number
    of employees</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">38,682</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">38,703</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Compensation
    of the Director of Petrobras (includes variable compensation)</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Lowest
    compensation (*)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">322,668</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">536,948</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Average
    compensation (**)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">586,324</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">697,110</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Highest
    compensation (***)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">437,916</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">544,862</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(*)
    It corresponds to the lowest annual compensation, including former members, according to Circular Letter CVM/SEP no. 01/2021 of February
    26, 2021. If the Company excluded from the calculation the amounts paid to former members, as termination of office and deferred
    variable compensation, and considered the amounts paid to members who held the position for less than 12 months, the lowest amount
    would be US$ 65,172 in 2022 and US$ 475,777 in 2021.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(**)
    It corresponds to the total value of the annual compensation, including expenses with former members, divided by the number of remunerated
    positions (9), according to Circular Letter CVM/SEP no. 01/2021 of February 26, 2021. If the Company excluded from the average compensation
    the amounts paid to former members, as termination of office and deferred variable compensation, the average amount would be US$
    414,854 in 2022 and US$ 526,021 in 2021.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #675C53">(***)
    It corresponds to the annual compensation of the officer with the highest individual compensation and who held the position for 12
    months of the fiscal year, according to Circular Letter CVM/SEP no. 01/2021 of February 26, 2021.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
criteria for compensation of members of the Board of Directors and the Board Executive Officers is based on the guidelines established
by the Secretariat of Management and Governance of the State-owned Companies (SEST) of the Ministry of Economy, and by the MME. The total
compensation is set out as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 48%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Executive
    Officers</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Board
    of Directors</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Executive
    Officers</B></FONT></TD>
    <TD STYLE="width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Board
    of Directors</B></FONT></TD>
    <TD STYLE="width: 8%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Wages
    and short-term benefits </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2.7</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2.8</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2.6</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2.7</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Social
    security and other employee-related taxes </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.8</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.8</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.7</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.7</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Post-employment
    benefits (pension plan)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.4</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.4</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.3</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Variable
    compensation</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2.8</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2.8</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2.5</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2.5</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Benefits
    due to termination of tenure</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.3</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.3</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.6</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">0.6</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F3F3F3; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    compensation recognized in the statement of income</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7.0</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>0.1</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7.1</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6.7</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>0.1</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6.8</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F3F3F3; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    compensation paid</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6.3</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6.3</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6.0</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>0.1</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; background-color: #F2F2F2; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6.1</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Monthly
    average number of members in the period</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">20.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9.00</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10.58</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19.58</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Monthly
    average number of paid members in the period</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9.00</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3.83</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12.83</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9.00</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4.50</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13.50</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, expenses related to compensation of the board members and executive officers of Petrobras amounted to US$&nbsp;13.7 (US$&nbsp;14.7
for the same period of 2021).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
April 13, 2022, the Company&rsquo;s Annual Shareholders&rsquo; Meeting set the threshold for the overall compensation for executive officers
and board members at US$&nbsp;8 (R$&nbsp;39.59 million) from April 2022 to March 2023.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
compensation of the Advisory Committees to the Board of Directors is separate from the fixed compensation set for the Board Members and,
therefore, has not been classified under compensation of Petrobras&rsquo; key management personnel.</FONT></P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
accordance with Brazilian regulations applicable to companies controlled by the Brazilian Federal Government, Board members who are also
members of the Statutory Audit Committees are only compensated with respect to their Audit Committee duties. The total compensation concerning
these members was US$&nbsp;613 thousand for 2022 December 31, 2022 (US$&nbsp;728 thousand with tax and social security costs). For the
same period of 2021, the total compensation concerning these members was US$&nbsp;544 thousand (US$&nbsp;642 thousand with tax and social
security costs).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
average annual remuneration of the members of Petrobras' Fiscal Council, in fiscal year 2022, was US$&nbsp;28 (US$&nbsp;33, considering
social security costs).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Variable Compensation Program for Executive Officers is subject to compliance with prerequisites and performance indicators. The variable
remuneration to be paid changes according to the percentage of goals achievement and its payment is deferred in 5 years.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, the Company provisioned US$ 3 referring to the Performance Award Program &ndash; PPP 2022 for Executive Directors.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Exemption
from damage (indemnity) </B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company's Bylaws establish since 2002 the obligation to indemnify and keep its managers, members with statutory functions and other employees
and agents who legally act by delegation of the Company's managers, in order to cover certain expenses due to complaints, inquiries,
administrative, arbitration or judicial investigations and proceedings, in Brazil or in any other jurisdiction, which aim to impute any
responsibility for regular management acts practiced exclusively in the exercise of its activities since the date of its investiture
or the beginning of the contractual relationship with the Company.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
first Indemnity Commitment was approved by the Board of Directors on December 18, 2018, starting from its signature until the Ordinary
General Meeting of 2020. The maximum exposure established by the Company (global limit for all eventual damages) was US$&nbsp;500.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
second Indemnity Commitment was approved by the Board of Directors on March 25, 2020, starting from its signature until the Ordinary
General Meeting of 2022. The maximum exposure established by the Company (global limit for all possible damages) was US$&nbsp;300.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
third Indemnity Commitment was approved by the Board of Directors on March 30, 2022, starting from its signature, until the Ordinary
General Meeting of 2024. The maximum exposure established by the Company (global limit for all possible damages) was US$&nbsp;200.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
addition, the term of coverage provided for in the Commitment begins from the date of signature until the occurrence of the following
events, whichever comes last: (i) the end of the fifth (5th) year following the date on which the beneficiary leave, for any reason,
to exercise the mandate or function/position; (ii) the course of the time required in transit of any Process in which the Beneficiary
is partly due to the practice of Regular Management Act; or (iii) the course of the limitation period according to law to events that
can generate the obligations of indemnification by the Company, including, but not limited to, the criminal statute applicable deadline,
even if such period is applied by administrative authorities or at any time when there is an indemnifiable event based on an imprescriptible
fact.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Indemnity
agreements shall not cover: (i) acts covered under Directors and Officers (D&amp;O) insurance policy purchased by the Company, as formally
recognized and implemented by the insurance Company; (ii) acts outside the regular exercise of the duties or powers of the Beneficiaries;
(iii) acts in bad faith act, malicious acts, fraud or serious fault on the part of the Beneficiaries; (iv) self-interested acts or in
favor of third parties that damage the Company&rsquo;s social interest; (v) obligation to pay damages arising from social action according
to article 159 of Law 6,404/76 or reimbursement of the damages according to art. 11, &sect; 5&deg;, II of Law 6,385/76; (vi) other cases
where a manifest conflict of interest with the Company is established.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Petrobras
will have no obligation to indemnify the Beneficiaries for loss of profits, loss of business opportunity, interruption of professional
activity, moral damages or indirect damages. eventually claimed by the Beneficiaries, with compensation or reimbursement limited to the
cases provided for in the Indemnity Commitment.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
the case of conviction for an intentional act or committed with gross error, final and unappealable in criminal, public civil, impropriety,
popular action, action proposed by a third party, or by shareholders in favor of the Company, or, still, of an unappealable administrative
decision in which if it concludes by the practice of a malicious act or committed with gross error and that has not been subject to judicial
suspension, the beneficiary undertakes, regardless of any manifestation of the independent third party, to reimburse the Company for
all amounts spent by the Company within the scope of this Commitment, including all expenses and costs related to the process, refunding
them within a period of up to 30 (thirty) days from the competent notification.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
order to avoid the configuration of conflicts of interest, notably as provided for in art. 156 of Law 6,404/76, the Company will hire
external professionals, who may act individually or jointly, with an unblemished, impartial and independent reputation (&ldquo;Independent
Third Party&rdquo;), and with robust experience to analyze any claim by the Beneficiaries on the characterization of Regular Management
Act or on the hypothesis of exclusions. In addition, Beneficiaries who are claiming said amounts are prohibited from participating in
meetings or discussions
that deal with the approval of the payment of expenses, in compliance with the provisions of art. 156, head provision of Law 6,404/76,
Brazilian Corporate Law.</FONT></P>


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    <!-- Field: /Page -->



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_041"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>36.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Supplemental
                                            information on statement of cash flows</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 67%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Amounts
    paid/received during the year:</B></FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-top: #F2F2F2 1.5pt outset; border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Withholding
    income tax paid on behalf of third-parties</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,413</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">904</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">770</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Transactions&nbsp;&nbsp;not
    involving cash</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Purchase
    of property, plant and equipment on credit</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">310</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Lease</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,923</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,945</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,255</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Provision/(reversals)
    for decommissioning costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,260</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,082)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,174</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Use
    of tax credits and judicial deposit for the payment of contingency</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,236</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,173</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Assets
    received due to the increase of interest in concessions without disbursement</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">165</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Remeasurement
    of property, plant and equipment acquired in previous periods</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Earn
    Out related to Atapu and S&eacute;pia groups</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">694</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">54</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
balance of Cash and cash equivalents in the Statements of Cash Flows includes amounts related to assets classified as held for sale,
as shown in the reconciliation below:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F3F3F3">
    <TD STYLE="width: 78%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Reconciliation
    of the balance at the beginning of the period</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cash
    and cash equivalents in statements of financial position</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,467</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,711</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cash
    and cash equivalents classified as assets held for sale (note 30)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Cash
    and cash equivalents according to Statements of Cash Flows (opening balance)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,480</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,725</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Reconciliation
    of the balance at the end of the period</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cash
    and cash equivalents in statements of financial position</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,996</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10,467</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Cash
    and cash equivalents classified as assets held for sale (note 30)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">13</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Cash
    and cash equivalents according to Statements of Cash Flows (closing balance)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,996</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,480</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>36.1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Reconciliation
                                            of Depreciation, depletion and amortization with Statements of Cash Flows</B></FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 67%; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation
    of Property, plant and equipment</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14,618</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12,955</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12,326</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Amortization
    of Intangible assets</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">77</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">60</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">66</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Capitalized
    depreciation</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,343)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,240)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(973)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation
    of right of use - recovery of PIS/COFINS</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(134)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(80)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Depreciation,
    depletion and amortization in the Statements of Cash Flows</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>13,218</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,695</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>11,445</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Petrobras Sans,sans-serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; color: #008542"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"><A NAME="a_042"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>37.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 13pt"><B>Subsequent
                                            events</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Leniency
Agreement</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
January 16, 2023, Petrobras received the amount of US$&nbsp;87&nbsp;(R$&nbsp;456 million), recovered through a leniency agreement of
the company UOP LLC &ndash; a subsidiary of Honeywell International Inc. &ndash; entered into with General Federal Inspector&rsquo;s
Office (CGU - <I>Controladoria Geral da Uni&atilde;o</I>) and the Federal Attorney General's Office (AGU &ndash; <I>Advocacia Geral da
Uni&atilde;o</I>).</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Receipt
of the earn out relating to Atapu and S&eacute;pia fields</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
January 2023, Petrobras received the entire amount of US$&nbsp;384 (R$ 2,007 million), of the earn out related to 2022, from the partners
in Atapu and S&eacute;pia fields, including gross up of taxes, as follows:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">US$&nbsp;258
                                            (R$1,347 million) relating to the interest held by TotalEnergies (28%), Petronas Petr&oacute;leo
                                            Brasil Ltda (21%) and QatarEnergy Brasil Ltda (21%), in the S&eacute;pia field;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">US$&nbsp;126
                                            (R$&nbsp;660 million) relating to the interest held by TotalEnergies (22.5%) and the interest
                                            of Shell (25%), in the Atapu field.</FONT></TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: rgb(0,133,66) 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><B>NOTES TO THE FINANCIAL STATEMENTS</B></P><P STYLE="text-align: left; font: 9pt Petrobras Sans,sans-serif; margin: 0; color: #008542">PETROBRAS</P><P STYLE="text-align: left; margin: 0; font: 9pt Petrobras Sans,sans-serif; color: #008542">(Expressed in millions of US Dollars, unless otherwise indicated)</P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
more information, see note 24.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Sale
of the Albacora Leste field</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
January 26, 2023, after fulfilling all the conditions precedent, Petrobras concluded the sale of its entire interest in Albacora Leste
producing field, located in the Campos Basin, to the company Petro Rio Jaguar Petr&oacute;leo LTDA (PetroRio), a subsidiary of Petro
Rio S.A.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
transaction was closed with the receipt, in cash, of US$ 1,635, including price adjustments provided for in the contract.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">With
this closing, PetroRio becomes the operator of this field, with a 90% interest, in partnership with Repsol Sinopec Brasil, which holds
the remaining 10%.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
more information, see note 30.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Receipt
of the earn out relating to Ba&uacute;na field</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
January 30, 2023, Petrobras received US$&nbsp;84, including price adjustments provided for in the contract, from Karoon Petr&oacute;leo
&amp; G&aacute;s Ltda (Karoon), a subsidiary of Karoon Energy Ltd, as a contingent payment related to Brent prices of 2022.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This
receipt is in accordance with the terms of the agreement signed by the companies in 2020, relating to the sale of Petrobras' entire interest
in Ba&uacute;na field (concession area BM-S-40). The other contingent payments may be received by Petrobras until 2026, depending on
Brent prices in future years.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Result
on judgment of the Administrative Board of Tax Appeals (<I>Conselho Administrativo de Recursos Fiscais</I> - CARF)</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On
February 1, 2023, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a member of the CARF, dismissed the appeals filed by
the Company and decided that Petrobras owed income taxes (IRPJ and CSLL) on subsidiary abroad relating to 2011 and 2012. This decision
was taken by exercising the casting vote of the President of the Class, based on Provisional Measure no. 1160/2023, after a tie between
the judges. With this decision, tax debts amounting to US$&nbsp;1,092 (R$&nbsp;5,700) become to a virtually at final administrative level.
Accordingly, the Company will adopt the appropriate measures.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
expectation of loss in this contingency is deemed possible (see note 18). This decision does not trigger any provisioning in the Company's
financial statements.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-indent: -7.1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0 12pt 0.25in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><A NAME="a_043"></A>Supplementary
information on Oil and Gas Exploration and Production (unaudited)</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
accordance with Codification Topic 932 - Extractive Activities &ndash; Oil and Gas, this section provides supplemental information on
oil and gas exploration and production activities of the Company. The information included in items (i) through (iii) provides historical
cost information pertaining to costs incurred in exploration, property acquisition and development, capitalized costs and results of
operations. The information included in items (iv) and (v) presents information on Petrobras&rsquo; estimated net proved reserve quantities,
standardized measure of estimated discounted future net cash flows related to proven reserves, and changes in estimated discounted future
net cash flows.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company, on December 31, 2022, maintains activities mainly in Brazil, in addition to activities in Argentina, Colombia and Bolivia, in
South America. The equity-accounted investments are comprised of the operations of the joint venture company MP Gulf of Mexico, LLC (MPGoM),
in which Murphy Exploration &amp; Production Company (&quot;Murphy&quot; ) has 80% stake and Petrobras America Inc (&quot;PAI&quot;)
20% stake in United States of America, North America. The Company reports its reserves in Brazil, United States of America and Argentina.
Bolivian reserves are not included due to restrictions determined by Bolivian Constitution. In Colombia, our activities are exploratory,
and therefore, there are no associated reserves.</FONT></P>

<P STYLE="font: bold 10pt Petrobras Sans; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">i)
Capitalized costs relating to oil and gas producing activities</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
set out in note 26, the Company uses the successful efforts method of accounting for appraisal and development costs of crude oil and
natural gas production. In addition, notes 23 and 24 presents the accounting policies applied by the Company for recognition, measurement
and disclosure of property, plant and equipment and intangible assets.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
following table summarizes capitalized costs for oil and gas exploration and production activities with the related accumulated depreciation,
depletion and amortization, and asset retirement obligations:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    entities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: rgb(0,98,152) 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Abroad</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Equity
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Method
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Investees</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Brazil</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>South
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>America</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Others</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 40%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>December
    31, 2022</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unproved
    oil and gas properties </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,227</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">55</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">55</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,282</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Proved
    oil and gas properties </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">83,030</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">205</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">205</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">83,235</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">762</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Support
    Equipment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">69,735</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">732</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">733</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">70,468</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gross
    Capitalized costs </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">156,993</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">992</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">993</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">157,986</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">762</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    depletion and amortization</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(52,836)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(769)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(770)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(53,606)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(224)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    capitalized costs </B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>104,156</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>223</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>223</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>104,380</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>538</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>December
    31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unproved
    oil and gas properties </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,455</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">115</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">115</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,570</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Proved
    oil and gas properties </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">80,523</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">172</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">172</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">80,695</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">832</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Support
    Equipment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">67,988</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">777</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">778</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">68,766</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gross
    Capitalized costs </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">152,967</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,064</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,065</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">154,032</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">832</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    depletion and amortization</FONT></TD>
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(51,621)</FONT></TD>
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(733)</FONT></TD>
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(734)</FONT></TD>
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(52,355)</FONT></TD>
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(296)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    capitalized costs </B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>101,345</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>331</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>331</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>101,677</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>536</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>December
    31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unproved
    oil and gas properties </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17,438</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">112</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">112</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17,550</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Proved
    oil and gas properties </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">61,857</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">140</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">140</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">61,997</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">792</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Support
    Equipment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">73,199</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">761</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">762</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">73,961</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Gross
    Capitalized costs </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">152,494</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,013</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,014</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">153,508</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">792</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    depletion and amortization</FONT></TD>
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(43,008)</FONT></TD>
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(687)</FONT></TD>
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(688)</FONT></TD>
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(43,696)</FONT></TD>
    <TD STYLE="border-bottom: #675C53 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(316)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Net
    capitalized costs </B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>109,486</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>326</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>-</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>326</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>109,812</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>476</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: red; font: bold 3pt Petrobras Sans; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="color: #548DD4; font: bold 3pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 105 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->104<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Petrobras Sans; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ii)
Costs incurred in oil and gas property acquisition, exploration and development activities</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Costs
incurred are summarized below and include both amounts expensed and capitalized:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    entities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: rgb(0,98,152) 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Abroad</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Equity
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Method
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Investees</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Brazil</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>South
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>America</B></FONT></P></TD>
    <TD STYLE="border-bottom: rgb(242,242,242) 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 33%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>December
    31, 2022</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Acquisition
    costs:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Proved</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unproved</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">892</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">892</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exploration
    costs </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">707</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">51</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">51</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">758</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Development
    costs </FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,883</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,914</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,482</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>82</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>82</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,564</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>31</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>December
    31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Acquisition
    costs:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Proved</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unproved</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exploration
    costs </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">682</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">687</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Development
    costs </FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,035</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">44</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">44</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,079</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6,717</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>49</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>49</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6,766</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>37</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>December
    31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Acquisition
    costs:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Proved</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">315</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">315</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Unproved</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exploration
    costs </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">805</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">815</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Development
    costs </FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,664</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,667</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">57</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6,808</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>13</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>13</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6,821</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>57</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 10pt Petrobras Sans; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(iii)
Results of operations for oil and gas producing activities</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company&rsquo;s results of operations from oil and gas producing activities for the years ended December 31, 2022, 2021 and 2020 are
shown in the following table. The Company transfers substantially all of its Brazilian crude oil and gas production to the Refining,
Transportation &amp; Marketing segment in Brazil. The internal transfer prices calculated by the Company&rsquo;s model may not be indicative
of the price the Company would have realized had this production been sold in an unregulated spot market. Additionally, the prices calculated
by the Company&rsquo;s model may not be indicative of the future prices to be realized by the Company. Gas prices used are those set
out in contracts with third parties.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Production
costs are lifting costs incurred to operate and maintain productive wells and related equipment and facilities, including operating employees&rsquo;
compensation, materials, supplies, fuel consumed in operations and operating costs related to natural gas processing plants.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Exploration
expenses include the costs of geological and geophysical activities and projects without economic feasibility. Depreciation and amortization
expenses relate to assets employed in exploration and development activities. In accordance with Codification Topic 932 &ndash; Extractive
Activities &ndash; Oil and Gas, income taxes are based on statutory tax rates, reflecting allowable deductions. Interest income and expense
are excluded from the results reported in this table.</FONT></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->105<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    entities</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: rgb(0,98,152) 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Abroad</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Equity
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Method
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Investees</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Brazil</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>South
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>America</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>North
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>America</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Others</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 36%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>December
    31, 2022</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    operation revenues:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    to third parties</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,153</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">158</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">158</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,311</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">275</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Intersegment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">76,579</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">76,579</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">77,732</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">158</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">158</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">77,890</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">275</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    costs </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(19,975)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(75)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(75)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(20,050)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(41)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exploration
    expenses </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(719)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(168)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(168)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(887)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    depletion and amortization</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10,373)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(42)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(42)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10,415)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(42)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Impairment
    of oil and gas properties </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,216)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,218)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    operating expenses </FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,000</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,012</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(22)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Results
    before income tax expenses </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">48,449</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(130)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">21</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(117)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">48,332</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">170</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    tax expenses</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(16,474)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">44</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">41</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(16,433)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Results
    of operations (excluding corporate </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>overhead
    and interest costs)</B></FONT></P></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>31,975</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(86)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(8)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>19</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(76)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>31,899</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>170</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>December
    31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    operation revenues:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    to third parties</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">974</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">131</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">131</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,105</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">220</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Intersegment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">54,479</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">54,479</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">55,453</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">131</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">131</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">55,584</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">220</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    costs </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14,601)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(67)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(67)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14,668)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(44)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exploration
    expenses </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(685)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(687)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    depletion and amortization</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8,959)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(46)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(46)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,005)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(38)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Impairment
    of oil and gas properties </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,107</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,107</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    operating expenses </FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">809</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">114</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(118)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">820</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(17)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Results
    before income tax expenses </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">35,124</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">114</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(118)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">27</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">35,151</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">121</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    tax expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11,984)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">43</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11,951)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Results
    of operations (excluding corporate </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>overhead
    and interest costs)</B></FONT></P></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23,141</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>20</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>114</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(75)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>59</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23,200</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>121</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>December
    31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    operation revenues:</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    to third parties</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">763</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">108</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">108</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">871</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">148</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Intersegment</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33,524</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">33,524</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">34,287</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">108</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">108</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">34,395</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">148</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    costs </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,378)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(59)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(59)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9,437)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(54)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Exploration
    expenses </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(796)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(803)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Depreciation,
    depletion and amortization</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8,611)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(50)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(50)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(8,661)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(57)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Impairment
    of oil and gas properties </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,364)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7,364)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    operating expenses </FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(825)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(167)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(195)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,020)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(158)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Results
    before income tax expenses </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,313</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(167)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(203)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7,110</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(121)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Income
    tax expenses</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,486)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">57</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">69</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2,417)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">41</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Results
    of operations (excluding corporate </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; color: #008542"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>overhead
    and interest costs)</B></FONT></P></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,827</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(7)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(110)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(17)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(134)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,693</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>(80)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="color: red; font: bold 3pt Petrobras Sans; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="color: #548DD4; font: bold 3pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 107 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->106<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Petrobras Sans; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(iv)
Reserve quantities information</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
presented in note 4.1, proved oil and gas reserves are those quantities of oil and gas, which, by analysis of geoscience and engineering
data, can be estimated with reasonable certainty to be economically producible from a given date forward, from known reservoirs, and
under existing economic conditions, operating methods, and government regulations &ndash; prior to the time at which contracts providing
the right to operate expire, unless evidence indicates that renewal is reasonably certain. The project to extract the hydrocarbons must
have commenced or there must be reasonable certainty that the project will commence within a reasonable time. Reserves estimate involves
a high degree of judgment and complexity and its application affects different items of these Financial Statements.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company&rsquo;s estimated net proved oil and gas reserves and changes thereto for the years 2022, 2021 and 2020 are presented in the
following table. Proved reserves are estimated in accordance with the reserve definitions prescribed by the Securities and Exchange Commission.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Proved
developed oil and gas reserves are proved reserves that can be expected to be recovered: (i) through existing wells with existing equipment
and operating methods or in which the cost of the required equipment is relatively minor compared to the cost of a new well; and (ii)
through installed extraction equipment and infrastructure operational at the time of the reserves estimate if the extraction is done
by means not involving a well.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Proved
reserves for which substantial new investments in additional wells and related facilities will be required are named proved undeveloped
reserves.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Reserve
estimates are subject to variations due to technical uncertainties in the reservoir and changes in economic scenarios. A summary of the
annual changes in the proved reserves of oil is as follows (in millions of barrels):</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    Entities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Equity
    Method Investees</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 32%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Proved
    developed and undeveloped reserves(*)</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Crude
    oil in Brazil</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 9%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Crude
                                            Oil in South </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>America</B></FONT></P></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Synthetic
    Oil in Brazil</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 13%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    Total </B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 1%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 9%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Crude
                                            Oil in North </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>America</B></FONT></P></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Crude
    Oil in Africa</B></FONT></TD>
    <TD STYLE="width: 1%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Reserves
    at December 31, 2019</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,083</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,092</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>23</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>42</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,156</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revisions
    of previous estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">269</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">261</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">261</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Extensions
    and discoveries</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">35</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">35</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">35</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Improved
    Recovery</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    of reserves </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(61)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(61)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(41)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(102)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Purchases
    of reserves</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    for the year</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(792)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(793)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(798)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Reserves
    at December 31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,534</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,534</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,552</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Extensions
    and discoveries</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revisions
    of previous estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,654</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,667</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,668</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    of reserves </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    for the year</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(773)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(774)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(777)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Reserves
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,406</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,419</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,435</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revisions
    of previous estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,705</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,705</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,708</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    of reserves (1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(455)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(465)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(465)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    for the year</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(748)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(749)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(752)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Reserves
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,908</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,910</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>16</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,926</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(1)
    Includes the effects of the write-offs related to the Co-Participation Agreements of Atapu and Sepia fields</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(*)
    Apparent differences in the sum of the numbers are due to rounding off.</FONT></TD></TR>
  </TABLE>
<P STYLE="color: red; font: bold 3pt Petrobras Sans; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="color: #548DD4; font: bold 3pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 108 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->107<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A
summary of the annual changes in the proved reserves of natural gas is as follows (in billions of cubic feet):</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    Entities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Equity
    Method Investees</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 31%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Proved
    developed and undeveloped reserves (*)</B></FONT></TD>
    <TD STYLE="width: 10%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Natural
    Gas in Brazil</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 10%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Natural
                                            Gas in South </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>America</B></FONT></P></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Synthetic
    Gas in Brazil</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 12%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    Total </B></FONT></TD>
    <TD STYLE="width: 1%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Gas
                                            Natural in North </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>America</B></FONT></P></TD>
    <TD STYLE="width: 8%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Gas
    Natural in Africa</B></FONT></TD>
    <TD STYLE="width: 2%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Reserves
    at December 31, 2019</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,381</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>156</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>12</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,549</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>47</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,605</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revisions
    of previous estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(93)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(119)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(222)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(222)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Extensions
    and discoveries</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">36</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Improved
    Recovery</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    of reserves </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(42)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(42)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(47)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(90)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Purchases
    of reserves</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    for the year</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(735)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(749)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(750)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Reserves
    at December 31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,547</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>26</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,572</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,580</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Extensions
    and discoveries</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revisions
    of previous estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,615</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">167</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">19</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,802</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,802</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    of reserves </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    for the year</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(692)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(16)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(709)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(710)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Reserves
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,455</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>177</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,650</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,657</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revisions
    of previous estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,667</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,682</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,682</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    of reserves (1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(408)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(17)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(425)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(425)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    for the year</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(626)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(20)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(647)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(648)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Reserves
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,088</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>173</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,261</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,267</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD  STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(1)
    Includes the effects of the write-offs related to the Co-Participation Agreements of Atapu and Sepia fields</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(*)
    Apparent differences in the sum of the numbers are due to rounding off.</FONT></TD></TR>
  </TABLE>
<P STYLE="color: red; font: bold 3pt Petrobras Sans; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="color: #548DD4; font: bold 3pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Natural
gas production volumes used in these tables are the net volumes withdrawn from our proved reserves, including gas consumed in operations
and excluding reinjected gas. Our disclosure of proved gas reserves includes gas consumed in operations, which represent 37% of our total
proved reserves of natural gas as of December 31, 2022.</FONT></P>


<!-- Field: Page; Sequence: 109 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->108<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
tables below summarize information about the changes in total proved reserves of crude oil and natural gas, in millions of barrels of
oil equivalent, in our consolidated entities and equity method investees for 2022, 2021 and 2020:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    Entities</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Equity
    Method Investees</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 30%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Proved
    developed and undeveloped reserves(*)</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Oil
    equivalent in Brazil</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 10%; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Oil
                                            equivalent in South </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>America</B></FONT></P></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 10%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Synthetic
    Oil in Brazil</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    Total </B></FONT></TD>
    <TD STYLE="width: 1%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Oil
                                            equivalent in North </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>America</B></FONT></P></TD>
    <TD STYLE="border-bottom: rgb(0,133,66) 1pt solid; width: 9%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Oil
    equivalent in Africa</B></FONT></TD>
    <TD STYLE="width: 1%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Reserves
    at December 31, 2019</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,480</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>27</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,517</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>24</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>49</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,590</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revisions
    of previous estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">253</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(21)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">224</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">224</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Extensions
    and discoveries</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">41</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">41</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">41</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Improved
    Recovery</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    of reserves </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(68)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(68)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(49)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(117)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Purchases
    of reserves</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    for the year</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(914)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(2)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(918)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(5)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(923)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Reserves
    at December 31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,792</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,796</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>19</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,816</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Extensions
    and discoveries</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revisions
    of previous estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,923</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,967</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,969</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    of reserves </FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(11)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    for the year</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(888)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(892)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(896)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Reserves
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,816</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>31</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>13</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,860</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,878</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revisions
    of previous estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,983</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,986</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,988</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    of reserves (1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(523)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(12)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(536)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(536)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Production
    for the year</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(852)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(857)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(3)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(860)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Reserves
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,423</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>31</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,453</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,470</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(1)
    Includes the effects of the write-offs related to the Co-Participation Agreements of Atapu and Sepia fields</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(*)
    Apparent differences in the sum of the numbers are due to rounding off.</FONT></TD></TR>
  </TABLE>
<P STYLE="color: red; font: bold 3pt Petrobras Sans; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="color: #548DD4; font: bold 3pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2022, we incorporated 1,988 million boe of proved reserves by revising previous estimates, including:</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(i)
addition of 1,279 million boe due to new projects, mainly in B&uacute;zios field and in other fields in the Santos and Campos Basins;
and</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(ii)
addition of 709 million boe arising from other revisions, mainly due to good performance of reservoirs in the pre-salt layer of Santos
Basin and to the contract term extension of Rio Urucu and Leste do Urucu fields.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">We
did not have relevant changes related to the variation in the oil price.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
addition in our proved reserves were partially offset by the reduction of 536 million boe, due to the effects of the transfer of interests
of 5% of the Surplus Volume of the Transfer of Rights of B&uacute;zios field, of the write-offs related to the Co-Participation Agreements
of Atapu and Sepia fields and of sales of properties in mature fields.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
company's total proved reserve resulted in 10,470 million boe in 2022, considering the variations above and the reduction from 2022 production
of 860 million boe. Production refers to volumes that were previously included in our reserves and, therefore, does not consider natural
gas liquids, since the reserve is estimated at a reference point prior to gas processing, except in the United States and Argentina.
The production also does not consider volumes of injected gas, the production of Extended Well Tests in exploratory blocks and production
in Bolivia, since the Bolivian Constitution does not allow the disclosure of reserves.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2021, we incorporated 1,969 million boe of proved reserves by revising previous estimates, including:</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(i)
addition of 1,376 million boe due to new projects, mainly in B&uacute;zios field and in other fields in the Santos and Campos Basins.
The new projects in B&uacute;zios field were made possible due to the acquisition of the Transfer of Rights Surplus and the approval
of B&uacute;zios Coparticipation Agreement;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(ii)
addition of 429 million boe related to economic revisions, mainly due to the increase in oil prices; and</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(iii)
addition of 164 million boe arising from technical revisions, mainly due to good performance and increased production experience in reservoirs
in the pre-salt layer of Santos Basin.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
additions in our proved reserves were partially offset by the reduction of 11 million boe due to sales of proved reserves.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
company's total proved reserve resulted in 9,878 million boe in 2021, considering the variations above and the reduction from 2021 production
of 896 million boe. Production refers to volumes that were previously included in our reserves and, therefore, does not consider natural
gas liquids, since the reserve is estimated at a reference point prior to gas processing, except in the United States and Argentina.
The production also does not consider volumes of injected gas, the production of Extended Well Tests in exploratory blocks and production
in Bolivia, since the Bolivian Constitution does not allow the disclosure of reserves.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2020, we incorporated 224 million boe of proved reserves by revising previous estimates, including:</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(i)
addition of 637 million boe arising from technical revisions, mainly due to good performance and increased production experience in reservoirs
in the pre-salt layer of Santos Basin;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(ii)
addition of 254 million boe due to approvals of new projects in the Santos and Campos Basins; and</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(iii)
reduction of 667 million boe related to economic revisions, mainly due to the decrease in oil prices.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
addition, we added 41 million boe to our proved reserves due to extensions and discoveries in the pre-salt of Santos Basin, and reduced
117 million boe due to sales of proved reserves.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
company's total proved reserve resulted in 8,816 million boe in 2020, considering the variations above and the reduction from 2020 production
of 923 million boe. Production refers to volumes that were previously included in our reserves and, therefore, does not consider natural
gas liquids, since the reserve is estimated at a reference point prior to gas processing, except in the United States and Argentina.
The production also does not consider volumes of injected gas, the production of Extended Well Tests in exploratory blocks and production
in Bolivia, since the Bolivian Constitution does not allow the disclosure of reserves.</FONT></P>


<!-- Field: Page; Sequence: 111 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->110<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
tables below present the volumes of proved developed and undeveloped reserves, net, that is, reflecting Petrobras' participation:</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-right: white 2.75pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 48%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Crude
    Oil</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,98,152) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Synthetic
    Oil</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,98,152) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Natural
    Gas</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,98,152) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Synthetic
    Gas</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,98,152) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total
    oil and gas</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 2.75pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>(mmbbl)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 2.75pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>(bncf)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>(mmboe)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Net
    proved developed reserves&nbsp;&nbsp;(*):</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Consolidated
    Entities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,858</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,714</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,810</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">South
    America, outside Brazil (1)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">26</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Consolidated Entities</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,858</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,740</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,814</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Equity
    Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">North&nbsp;&nbsp;America
    (1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">7</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Equity Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>17</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Consolidated and Equity Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,875</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,747</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,833</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Net
    proved undeveloped reserves&nbsp;&nbsp;(*):</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Consolidated
    Entities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,676</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,833</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,982</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">South
    America, outside Brazil (1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Consolidated Entities</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,676</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,833</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,982</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Equity
    Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">North&nbsp;&nbsp;America
    (1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Equity Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Consolidated and Equity Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,678</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1,833</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,983</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    proved reserves (developed and undeveloped)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,552</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>7,580</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,816</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(1)
    South America oil reserves includes 21% of natural gas liquid (NGL) in proved developed reserves. North America oil reserves includes
    6% of natural gas liquid (NGL) in proved developed reserves and 5% of NGL in proved undeveloped reserves. </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(*)
    Apparent differences in the sum of the numbers are due to rounding off. </FONT></TD></TR>
  </TABLE>
<P STYLE="color: red; font: bold 3pt Petrobras Sans; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="color: #548DD4; font: bold 3pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-right: white 2.75pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 48%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Crude
    Oil</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,98,152) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Synthetic
    Oil</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,98,152) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Natural
    Gas</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,98,152) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Synthetic
    Gas</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,98,152) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total
    oil and gas</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 2.75pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>(mmbbl)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 2.75pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>(bncf)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>(mmboe)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Net
    proved developed reserves&nbsp;&nbsp;(*):</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Consolidated
    Entities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,711</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,591</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">18</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,656</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">South
    America, outside Brazil (1)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">79</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Consolidated Entities</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,712</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,669</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,670</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Equity
    Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">North&nbsp;&nbsp;America
    (1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Equity Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>15</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>6</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>16</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Consolidated and Equity Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,727</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,675</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,686</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Net
    proved undeveloped reserves&nbsp;&nbsp;(*):</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Consolidated
    Entities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,695</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2,865</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,173</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">South
    America, outside Brazil (1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">98</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Consolidated Entities</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,696</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,963</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,190</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Equity
    Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">North&nbsp;&nbsp;America
    (1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Equity Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Consolidated and Equity Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,698</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2,964</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,192</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    proved reserves (developed and undeveloped)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,425</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,639</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>18</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,878</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(1)
    South America oil reserves includes 24% of natural gas liquid (NGL) in proved developed reserves and 24% of NGL in proved undeveloped
    reserves. North America oil reserves includes 2% of natural gas liquid (NGL) in proved developed reserves and 3% of NGL in proved
    undeveloped reserves. </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(*)
    Apparent differences in the sum of the numbers are due to rounding off. </FONT></TD></TR>
  </TABLE>
<P STYLE="color: red; font: bold 3pt Petrobras Sans; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="color: #548DD4; font: bold 3pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 112 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->111<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="border-right: white 2.75pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="width: 48%; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Crude
    Oil</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,98,152) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Synthetic
    Oil</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,98,152) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Natural
    Gas</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,98,152) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Synthetic
    Gas</B></FONT></TD>
    <TD STYLE="border-bottom: rgb(0,98,152) 1pt solid; width: 11%; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total
    oil and gas</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 2.75pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>(mmbbl)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 2.75pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>(bncf)</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>(mmboe)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Net
    proved developed reserves&nbsp;&nbsp;(*):</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Consolidated
    Entities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,185</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,447</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,093</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">South
    America, outside Brazil (1)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">91</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">16</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Consolidated Entities</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,186</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,538</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,109</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Equity
    Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">North&nbsp;&nbsp;America
    (1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">15</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Equity Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>14</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>15</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Consolidated and Equity Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,200</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,543</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,124</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Net
    proved undeveloped reserves&nbsp;&nbsp;(*):</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 2.75pt solid; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Consolidated
    Entities</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Brazil</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,723</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,641</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,330</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">South
    America, outside Brazil (1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">82</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Consolidated Entities</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,724</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,723</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,345</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>Equity
    Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">North&nbsp;&nbsp;America
    (1)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Equity Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>2</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    Consolidated and Equity Method Investees</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>4,726</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>3,724</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>5,347</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Total
    proved reserves (developed and undeveloped)</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>8,926</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>9,267</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>&#8722;</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>10,470</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(1)
    South America oil reserves includes 24% of natural gas liquid (NGL) in proved developed reserves and 24% of NGL in proved undeveloped
    reserves. North America oil reserves includes 2% of natural gas liquid (NGL) in proved developed reserves and 4% of NGL in proved
    undeveloped reserves.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(*)
    Apparent differences in the sum of the numbers are due to rounding off</FONT></TD></TR>
  </TABLE>
<P STYLE="color: red; font: bold 3pt Petrobras Sans; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="color: #548DD4; font: bold 3pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>(v)
Standardized measure of discounted future net cash flows relating to proved oil and gas quantities and changes therein</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
standardized measure of discounted future net cash flows, related to the above proved oil and gas reserves, is calculated in accordance
with the requirements of Codification Topic 932 &ndash; Extractive Activities &ndash; Oil and Gas.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Estimated
future cash inflows from production in Brazil are computed by applying the average price during the 12-month period prior to the ending
date of the period covered by the report, determined as an unweighted arithmetic average of the first-day-of-the-month price for each
month within such period, unless prices are defined by contractual arrangements, excluding escalations based upon future conditions.
Future price changes are limited to those provided by contractual arrangements existing at the end of each reporting year. Future development
and production costs are those estimated future expenditures necessary to develop and produce year-end estimated proved reserves based
on current costs, including abandonment costs, assuming continuing economic conditions. Estimated future income taxes (including future
social contributions on net income - CSLL) are calculated by applying appropriate year-end statutory tax rates. The amounts presented
as future income taxes expenses reflect allowable deductions considering statutory tax rates. Discounted future net cash flows are calculated
using 10% mid-period discount factors. This discounting requires a year-by-year estimate of when the future expenditures will be incurred
and when the reserves will be produced.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
valuation prescribed under Codification Topic 932 &ndash; Extractive Activities &ndash; Oil and Gas requires assumptions as to the timing
and amount of future development and production costs. The calculations are made as of December 31 each year and should not be relied
upon as an indication of Petrobras&rsquo; future cash flows or the value of its oil and gas reserves.</FONT></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->113<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 12pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Standardized
measure of discounted future net cash flows:</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    entities</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Equity
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Method
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Investees</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Brazil</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>South
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>America</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 45%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>December
    31, 2022</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 16%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    cash inflows</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">983,826</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">837</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">984,663</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,581</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    production costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(399,655)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(357)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(400,012)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(273)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    development costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(62,548)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(128)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(62,676)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(21)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    income tax expenses</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(178,412)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(88)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(178,500)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Undiscounted
    future net cash flows</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">343,211</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">264</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">343,475</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,287</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10
    percent midyear annual discount for timing of estimated cash flows (1)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(151,828)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(124)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(151,951)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(401)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Standardized
    measure of discounted future net cash flows</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>191,383</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>141</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>191,524</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>886</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>December
    31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    cash inflows</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">612,924</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">587</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">613,511</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,129</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    production costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(264,158)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(261)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(264,419)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(329)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    development costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(44,027)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(107)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(44,134)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(28)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    income tax expenses</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(104,568)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(61)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(104,628)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Undiscounted
    future net cash flows</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">200,171</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">159</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">200,330</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">772</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10
    percent midyear annual discount for timing of estimated cash flows (1)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(85,391)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(70)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(85,461)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(303)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Standardized
    measure of discounted future net cash flows </B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>114,780</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>89</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>114,869</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>470</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>December
    31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    cash inflows</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">333,248</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">69</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">333,317</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">667</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    production costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(182,534)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(51)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(182,585)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(465)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    development costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(31,236)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(16)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(31,252)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(48)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Future
    income tax expenses</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(46,862)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(46,862)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(79)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Undiscounted
    future net cash flows</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">72,616</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">2</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">72,618</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">75</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10
    percent midyear annual discount for timing of estimated cash flows (1)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26,638)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(26,638)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Standardized
    measure of discounted future net cash flows </B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>45,978</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>45,979</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>74</B></FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">(1)
    Semiannual capitalization </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">Apparent
    differences in the sum of the numbers are due to rounding off.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 115 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->114<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Changes
in discounted net future cash flows:</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Consolidated
    entities</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Equity
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Method
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Investees</B></FONT></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Brazil</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>South
    </B></FONT></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: right; color: #006298"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>America</B></FONT></P></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #006298"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 42%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Balance
    at January 1, 2022</FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">114,780</FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">89</FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">114,869</FONT></TD>
    <TD STYLE="width: 16%; border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">470</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    and transfers of oil and gas, net of production cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(54,230)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(62)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(54,291)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(235)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Development
    cost incurred</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,883</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">31</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,913</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">29</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    change due to purchases and sales of minerals in place</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(17,030)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(17,030)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    change due to extensions, discoveries and improved recovery related costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revisions
    of previous quantity estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">64,535</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">17</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">64,553</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">82</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    change in prices, transfer prices and in production costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">129,462</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">122</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">129,584</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">349</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Changes
    in estimated future development costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(23,317)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(39)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(23,356)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accretion
    of discount</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,478</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">14</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">11,492</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">93</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    change in income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(41,178)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(17)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(41,194)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    - unspecified</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(15)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">92</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2022</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>191,383</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>141</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>191,524</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>886</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Balance
    at January 1, 2021</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">45,978</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">45,979</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">74</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    and transfers of oil and gas, net of production cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(38,074)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(43)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(38,117)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(177)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Development
    cost incurred</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,035</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">44</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">6,079</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">37</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    change due to purchases and sales of minerals in place</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(246)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(246)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    change due to extensions, discoveries and improved recovery related costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">10</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revisions
    of previous quantity estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">41,211</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">205</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">41,416</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">30</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    change in prices, transfer prices and in production costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">108,268</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">58</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">108,326</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">401</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Changes
    in estimated future development costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(19,900)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(119)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(20,019)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accretion
    of discount</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,598</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">4,598</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">49</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    change in income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(33,089)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(47)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(33,136)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">48</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    - unspecified</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(9)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2021</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>114,780</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>89</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>114,869</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>470</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Balance
    at January 1, 2020</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">88,121</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">69</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">88,190</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1,412</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Sales
    and transfers of oil and gas, net of production cost</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(24,908)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(14)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(24,922)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(94)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Development
    cost incurred</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,664</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">5,666</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">57</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    change due to purchases and sales of minerals in place</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(847)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(847)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(1,047)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    change due to extensions, discoveries and improved recovery related costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">509</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">509</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&#8722;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Revisions
    of previous quantity estimates</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,160</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(35)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">3,125</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(10)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    change in prices, transfer prices and in production costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(54,606)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(145)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(54,751)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(375)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Changes
    in estimated future development costs</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,716)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">97</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(4,618)</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">67</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Accretion
    of discount</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,812</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">9</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">8,821</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">12</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Net
    change in income taxes</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24,788</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">24,812</FONT></TD>
    <TD STYLE="border-bottom: #F2F2F2 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">51</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">Other
    - unspecified</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">&nbsp;-&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">(7)</FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #008542"><B>Balance
    at December 31, 2020</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>45,978</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>1</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>45,979</B></FONT></TD>
    <TD STYLE="border-bottom: #008542 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; color: #675C53"><B>74</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 6pt; color: #7F7F7F">Apparent
    differences in the sum of the numbers are due to rounding off.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: red"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 3pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #548DD4"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 116 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 9pt"><TR STYLE="vertical-align: top; text-align: left"><TD>&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD></TR><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->115<!-- Field: /Sequence --></FONT></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%"><P STYLE="font: bold 14pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Petr&oacute;leo Brasileiro S.A. &ndash; Petrobras</FONT></P><P STYLE="font: 11pt Petrobras Sans; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Supplementary information (unaudited)</FONT></P><P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><I>(Expressed in millions of US Dollars, unless otherwise indicated)</I></FONT></P></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 12pt 0 12pt 28.35pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B><A NAME="a_044"></A>Climate
change (unaudited)</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company considered the impacts related to its climate goals and climate risks in its Strategic Plan (PE). The assumptions and projections
of the Plan baseline scenario are used for certain accounting estimates, including the value in use used in asset impairment tests (note
4.2).</FONT></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 12pt 0 12pt 28.35pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>i)
Climate goals</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
2021, the Company assumed the ambition to neutralize emissions in activities under our control (Scopes 1 and 2) and influence partners
to achieve the same ambition in non-operated assets, within a period compatible with the Paris Agreement (net zero ambitions). However,
the Company recognizes that there are relevant technological gaps for achieving its net zero ambitions.</FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The central
objective of the Paris Agreement is to strengthen the global response to the threat of climate change by keeping the global temperature
rise this century well below 2&deg;C compared to pre-industrial levels and by striving to limit the temperature rise to 1.5 &deg;C.</FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The Company's
net zero ambition adds to the portfolio of sustainability commitments with a horizon of 2025 and 2030, where 6 commitments are related
to the mitigation of greenhouse gases (GHG):</FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;
Reduction of absolute operating emissions by 30% by 2030 (compared to 2015);</FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;
Zero routine flaring by 2030, as per the World Bank's Zero Routine Flaring initiative;</FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;
Reinjection of 80 MM ton CO&#8322; by 2025 in CCUS (Carbon Capture, Usage and Storage) projects;</FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;
Greenhouse Gas (GHG) intensity in the E&amp;P segment: achieve portfolio intensity of 15 kgCO<SUB>2</SUB>e/boe by 2025, maintained at
15 kgCO<SUB>2</SUB>e/boe by 2030;</FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;
GHG intensity in the Refining segment: Achieve an intensity of 36 kgCO<SUB>2</SUB>e/CWT by 2025 and 30 kgCO<SUB>2</SUB>e/CWT by 2030;
and</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&bull;
Consolidation of the 55% reduction (compared to 2015) in the intensity of methane emissions in the upstream segment by 2025, reaching
0.29 t CH<SUB>4</SUB>/thousand tHC.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
above commitments do not constitute guarantees of future performance by the Company and are subject to assumptions that may not materialize
and to risks and uncertainties that are difficult to predict.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Company's commitments to reduce GHG emissions, as well as the ambition to zero its net operating GHG emissions (scopes 1 and 2) up to
2050, were considered in the preparation of PE 23-27, plan updated every year.</FONT></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 12pt 0 12pt 28.35pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>ii)
Climate risks</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Risk
of transition to a low-carbon economy</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
risk of the transition to a low-carbon economy is mainly reflected in the price of Brent, demand for products and the price of carbon.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Baseline scenario of the PE contemplates climate and environmental policies that are in line with the goals already announced, in their
most general aspects. In such a scenario, there is greater concern with mobility and air quality in large urban centers. More direct
solutions for the energy transition, driven by large cities and driven by population pressure, characterize this scenario. The global
energy matrix has undergone important changes, especially with regard to the participation of coal and renewable sources. The result
of this scenario is a more diversified energy matrix, with growth in the share of renewables and commodity prices in line with what has
been observed historically.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
this context, the Base scenario considers an oil price range ranging from an average of US$ 85/bbl in 2023 and reaching US$ 55/bbl from
2030 onwards, that is, price expectations similar to the Announced Pledges scenario (APS) by the International Energy Agency, which is
aligned with a 50% probability of keeping the temperature increase below 1.7&deg;C by 2100. The APS scenario assumes that all aspirational
targets announced by governments are met on time and in full, including its long-term net zero and energy access targets.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
valuation of the portfolio in the Base scenario of the Company used for approval of the Strategic Plan is carried out without the incidence
of the carbon price. Despite the publication of Decree No. 11,075/2022, the definition of the instrument to be adopted in Brazil is still
being discussed by the federal legislature (PL 412-2022), and the regulated sectors and segments will still be defined within the scope
of the national executive power. Thus, at the moment, there are uncertainties regarding the functioning of a future carbon market in
Brazil, due to the lack of sufficient and reliable information about the future intentions of regulators that allow considering the
impact of the price of carbon in the valuation of our portfolio for accounting estimates purposes. More than 97% of the Company's
operational GHG emissions occur in Brazilian territory.</FONT></P>


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    <!-- Field: /Page -->



<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">When
simulating the net present value of our portfolio in the Base scenario, through sensitivity to the price of Brent and the price of carbon
contained in the APS scenario of the International Energy Agency, it was verified that there would be a 23% total positive impact when
compared to the value calculated based on the internal assumptions detailed above.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
simulation considers the impact of the Brent price in the APS scenario only on the E&amp;P segment and the maintenance of margins in
the other segments. Regarding the effect of the carbon price in the simulation, the carbon price of the APS scenario was adopted, applied
based on assumptions referenced in international carbon markets in operation, since there are still uncertainties regarding the functioning
of a future carbon market in Brazil. In the APS scenario, a carbon price range of US$ 40/bbl in 2030 is considered, going to US$ 110/bbl
in 2040 and reaching US$ 160/bbl from 2050.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Physical
Risks</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
company identifies and monitors the physical parameters considered potentially more susceptible to variations that may cause changes
in standards in the operating conditions of its assets, such as water availability for our refineries and thermoelectric plants, and
wave, wind and ocean current patterns for our platforms .</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
environmental variables in the oceanic region, we currently rely on technological partners to simulate atmospheric conditions, ocean
circulation and future waves under the effect of climate projections in the Santos, Campos and Esp&iacute;rito Santo Basins, which concentrate
approximately 90% of current production of the company. For the studied offshore meteoceanographic variables, in general, over the useful
life of our assets, the magnitude of the impacts is within the safety parameters considered in our projects.</FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
operating conditions of the assets affect certain accounting estimates of the Company.</FONT></P>


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<P STYLE="font: 1pt Petrobras Sans,sans-serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: -28.35pt; color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Independent
auditor's report on the consolidated financial statements</B></FONT></P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 1pt 0"><A NAME="a_045"></A><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">KPMG Auditores
Independentes Ltda.</FONT></P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 1pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Rua do
Passeio, 38 - Setor 2 - 17&ordm; andar - Centro</FONT></P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 1pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">20021-290
- Rio de Janeiro/RJ - Brasil</FONT></P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 1pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Caixa
Postal 2888 - CEP 20001-970 - Rio de Janeiro/RJ - Brasil</FONT></P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 1pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Telefone
+55 (21) 2207-9400</FONT></P>

<P STYLE="font: 10pt/14pt Arial, Helvetica, Sans-Serif; margin: 1pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">kpmg.com.br</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding: 2.85pt 5.65pt 5.65pt"><P STYLE="font: 30pt KPMG Extralight,sans-serif; margin: 0; text-align: right; color: #004E98"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><IMG SRC="pbrfs4q22usd6k_002.jpg" ALT=""><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.65pt 5.65pt 11.35pt"><P STYLE="font: 12pt Univers LT Std 45 Light,sans-serif; margin: 2.9pt 1.45pt 6pt 4.3pt; color: #004E98"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>To
    the Board of Directors and Shareholders of</B></FONT></P>
    <P STYLE="font: 12pt Univers LT Std 45 Light,sans-serif; margin: 2.9pt 1.45pt 6pt 4.3pt; color: #004E98"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Petr&oacute;leo
    Brasileiro S.A. - Petrobras</B></FONT></P>
    <P STYLE="font: 12pt Univers LT Std 45 Light,sans-serif; margin: 2.9pt 1.45pt 6pt 4.3pt; color: #004E98"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Rio
    de Janeiro &ndash; RJ</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #004E98">
    <TD STYLE="padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: white"><B>Opinion</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.65pt 5.65pt 8.5pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">We
    have audited the consolidated financial statements of Petr&oacute;leo Brasileiro S.A. - Petrobras S.A. (&quot;Company&quot;) which
    comprise the consolidated statement of financial position as at December 31, 2022, the consolidated statements of income, comprehensive
    income, changes in shareholders&rsquo; equity and cash flows for the year then ended, and notes to the consolidated financial statements,
    including significant accounting policies and other explanatory information.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
    our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial
    position of Petr&oacute;leo Brasileiro S.A. - Petrobras S.A., as at December 31, 2022, and its consolidated financial performance
    and its consolidated cash flows for the year then ended in accordance with International Financial Reporting Standards (IFRS).</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #004E98">
    <TD STYLE="padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: white"><B>Basis
    for opinion</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.65pt 5.65pt 8.5pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">We
    conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are
    further described in the <I>Auditors Responsibilities for the Audit of the Consolidated Financial Statements</I> section of our report.
    We are independent of the Company and its subsidiaries in accordance with the ethical requirements that are relevant to our audit
    of the consolidated financial statements included in the Accountants Professional Code of Ethics (&ldquo;<I>C&oacute;digo de &Eacute;tica
    Profissional do Contador</I>&rdquo;) and in the professional standards issued by the Brazilian Federal Accounting Council (&ldquo;<I>Conselho
    Federal de Contabilidade</I>&rdquo;), and we have fulfilled our ethical responsibilities in accordance with these requirements. We
    believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #004E98">
    <TD STYLE="padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: white"><B>Key
    Audit Matters </B></FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 5.65pt 5.65pt 11.35pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Key
    audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial
    statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements
    as a whole, and in forming our opinion thereon, and we do not express a separate opinion on these matters.</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #009CDC">
    <TD COLSPAN="2" STYLE="border-bottom: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: white"><B>1
    - Assessment of the measurement of the actuarial obligation of the defined benefit pension and health care plans </B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: #4F81BD 1pt solid; border-left: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">According
    to note 17.3 of the consolidated financial statements.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: #0091DA"><B>Key
    audit matter</B></FONT></TD>
    <TD STYLE="width: 50%; border-top: #4F81BD 1pt solid; border-right: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: #0091DA"><B>How
    the matter was addressed in our audit</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; border-left: #4F81BD 1pt solid; padding: 5.65pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
    Company sponsors defined benefit pension and health care plans that provide supplementary post retirement benefits and medical care
    to its employees.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
    measurement of the actuarial obligation of the pension and health plans is dependent, in part, of certain actuarial assumptions.
    These assumptions include the discount rate and projected medical and hospital costs. The Company hires external actuary to assist
    in the process of assessing the actuarial assumptions and valuing the actuarial obligation under its pension and health care plans.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">We
    considered the measurement of the actuarial obligations for the pension and health care plans as a key audit matter due to the level
    of judgment inherent to the actuarial assumptions determination, as well as for the impact that changes on these assumptions could
    have on the actuarial obligations of the pension and health care plans.</FONT></P></TD>
    <TD STYLE="border-right: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; padding: 5.65pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Our
    audit procedures included, but were not limited to:</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Tests of design and effectiveness of certain internal
    controls related to the process of measuring the actuarial liability, including controls related to the development, review and approval
    of the discount rates assumptions and projected medical and hospital costs;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment of the scope, competency, and objectivity
    of the external actuary hired to assist in estimate definition the actuarial obligations for the pension and health care plans, including
    the nature and scope of the work performed, their professional qualification and experience; and</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment, with the support of our actuarial specialists,
    of the assumptions such as discount rates and projected medical and hospital costs, including comparing them to external sources.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">During
    the course of our audit procedures, were identified unrecorded adjustments that affect the measurement and disclosure of the actuarial
    obligation of the defined benefit pension, which were not corrected by management, since they were considered to be immaterial.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">According
    to the evidence obtained from performing the procedures described above, we considered that the measurement of the actuarial liability
    of the defined benefit pension and health care plans is acceptable in the context of the consolidated financial statements taken
    as a whole, for the year ended December 31, 2022.</FONT></P></TD></TR>
  </TABLE>

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<P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #009CDC">
    <TD COLSPAN="2" STYLE="border-bottom: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: white"><B>2
    - Evaluation of the impairment testing of exploration and production cash generating units </B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: #4F81BD 1pt solid; border-left: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">According
    to notes 4.2(b) and 25 of the consolidated financial statements.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%; border: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: #0091DA"><B>Key
    audit matter</B></FONT></TD>
    <TD STYLE="width: 53%; border-top: #4F81BD 1pt solid; border-right: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: #0091DA"><B>How
    the matter was addressed in our audit</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; border-left: #4F81BD 1pt solid; padding: 5.65pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
    Company identifies its cash generating units (&ldquo;CGUs&rdquo;), estimates the recoverable amount of each CGUs based on a projected
    cash flow for each CGU, and compares to the carrying amount of these CGUs. The cash flow projections used to determine the recoverable
    amount depend on certain future assumptions such as: Brent oil price, exchange rate (Brazilian Real/US Dollar), capitalizing expenditures
    (&rdquo;CAPEX&rdquo;), operating expenditures (&ldquo;OPEX&rdquo;), and volume and timing estimes of recovery of the oil and gas
    reserves. The recoverable amount is also sensitive to changes in the discount rate used in the cash flow.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
    definition of exploration and production segment CGUs considers operational factors that impact the interdependencies between oil
    and gas assets, and, may result in redefinition through aggregations or segregations of the exploration and production areas into
    CGUs.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">We considered
    the impairment testing of exploration and production cash generating units as a key audit matter due to the level of complexity and
    subjectivity on the definition of exploration and production&acute;s CGUs, and the impact that changes in future assumptions could
    have on the estimate of the recoverable amount.</FONT></P></TD>
    <TD STYLE="border-right: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; padding: 5.65pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Our
    audit procedures included, but were not limited to:</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Tests of design and effectiveness of certain internal
    controls related to the process of determining the recoverable amount of exploration and production&acute;s CGU assets, including
    controls related to the review and approval of the determination of the CGUs, and of the key assumptions used to estimate the recoverable
    amount; </FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 7.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment of the operational factors considered
    by the Company for changes in exploration and production CGUs during the year, and compared them to information obtained from internal
    and external sources;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment of the determination of recovery of oil
    and gas reserves estimates internally prepared, by comparing it with volumes certified by external reservoirs specialists hired by
    the Company, and, for a sampling selection of CGUs, with historical data on production; </FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment of the scope, competency, and objectivity
    of the Company&acute;s internal engineers responsible for the estimate of the oil and gas reserves, as well as the external reservoir
    specialists hired by the Company, this included assessing the nature and scope of the work performed, and their professional qualifications
    and experience;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 12.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment, for a sampling selection of CGUs, of
    the CAPEX and OPEX used on the cash flows projection by comparing to the same business plan approved by the Company, and its long-term
    budgets; </FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 12.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment of Company&rsquo;s ability to project
    cash flows by comparing the estimated cash flows with actual Company&acute;s cash flows for the year ended December 31, 2022 for
    a selection of CGUs; and</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment, with the support of our valuation specialists,
    of the key assumptions used in the impairment test, such as discount rate, future price of oil and natural gas and exchange rates,
    comparing them with external market data.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">According
    to the evidence obtained from performing the procedures described above, we considered that the recoverable amounts for assets of
    the exploration and production cash generating units are acceptable in the context of the consolidated financial statements taken
    as a whole, for the year ended December 31, 2022.</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #009CDC">
    <TD COLSPAN="2" STYLE="border-bottom: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: white"><B>3
    &ndash; Evaluation of provisions for contingencies and disclosures for certain specific labor, civil and tax lawsuits</B></FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-top: #4F81BD 1pt solid; border-right: #4F81BD 1pt solid; border-left: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">According
    to note 18 of the consolidated financial statements.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%; border: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: #0091DA"><B>Key
    audit matter</B></FONT></TD>
    <TD STYLE="width: 53%; border-top: #4F81BD 1pt solid; border-right: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: #0091DA"><B>How
    the matter was addressed in our audit</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; border-left: #4F81BD 1pt solid; padding: 5.65pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
    Company is involved as a defendant in labor, civil and tax lawsuits during the normal course of its activities.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
    Company records provisions for these lawsuits when it is probable that an outflow of cash will be required to settle a present obligation,
    and when the outflow can be reasonably estimated. The Company discloses a contingency whenever the loss prognosis of the lawsuit
    is considered possible, or when the loss prognosis is considered probable but it is not possible to reasonably estimate the amount
    of the outflow.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">We
    considered this subject to be a key audit matter due to the level of judgment embedded on estimating the related amounts, the loss
    prognosis and the likelihood of an outflow of resources, coming from certain labor, civil and tax lawsuits, considered the most significant.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P></TD>
    <TD STYLE="border-right: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; padding: 5.65pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Our
    audit procedures included, but were not limited to:</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Tests of design and effectiveness of certain internal
    controls related to the process of evaluating the lawsuits, including controls related to the review and approval of the determination
    of the loss prognosis, the likelihood of an outflow of resources, and the estimate of the amount, as well as controls over the consolidated
    financial statements disclosures;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 12.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment of the scope, competency, and objectivity
    of the internal and external legal advisors that support the Company on the definition of the loss prognosis, the estimated amounts,
    and the likelihood of an outflow of resources, as well as their professional qualifications and experience;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 12.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment of confirmations, received directly from
    the external legal advisors and legal department representations, that included an assessment of loss prognosis, the estimate of
    the amounts and the likelihood of an outflow of resources. We compared these assessments and estimates to those used by the Company,
    and evaluated the sufficiency of the respective disclosures; and</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 12.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment of Company&rsquo;s ability to prepare
    these estimates by comparing the amounts paid upon resolution of legal proceedings during the year to the provisions amounts previously
    recognized.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">According
    to the evidence obtained from performing the procedures described above, we considered acceptable the level of provision for the
    lawsuits referred above, as well as to the respective disclosures in the consolidated financial statements taken as a whole, for
    the year ended December 31, 2022.</FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #009CDC">
    <TD COLSPAN="2" STYLE="border-bottom: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: white"><B>4
    - Evaluation of the estimate of the provision for decommissioning costs</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: #4F81BD 1pt solid; border-left: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">According
    to note 19 of the consolidated financial statements.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%; border: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: #0091DA"><B>Key
    audit matter</B></FONT></TD>
    <TD STYLE="width: 53%; border-top: #4F81BD 1pt solid; border-right: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: #0091DA"><B>How
    the matter was addressed in our audit</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; border-left: #4F81BD 1pt solid; padding: 5.65pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As a
    part of its operations, the Company incurs on costs related to the obligation to restore and rehabilitate the environment upon the
    area abandonment.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
    Company&rsquo;s estimate of the provision for decommissioning costs includes assumptions in relation to the extent of the obligations
    assumed for environmental restoration, the decommissioning and removal of oil and gas production facilities, as well as the timing
    and estimated costs of the abandonment.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">We
    considered the evaluation of the estimate of the provision for decommissioning costs as a key audit matter due to the level of judgment
    involved on determining the respective assumptions, especially on the extent of the obligations assumed for the environmental repair,
    which is the criteria to be met when the removal and restoration actually occurs, the timing and estimated costs of abandonment.</FONT></P></TD>
    <TD STYLE="border-right: #4F81BD 1pt solid; border-bottom: #4F81BD 1pt solid; padding: 5.65pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Our
    audit procedures included, but were not limited to:</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Tests of design and effectiveness of certain internal
    controls related to the process of defining the provision for decommissioning areas estimate, including controls related to the development,
    review and approval of the key assumptions such as timing of area abandonment&nbsp;and estimated costs of abandonment; </FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 12.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment of the assumptions of abandonment timing
    used by the Company, by comparing the production curves and useful life of the oil and gas reserves used in the estimate, with oil
    and gas reserve volumes certified by external reservoirs specialists hired by the Company;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment of the estimated costs of abandonment
    by comparing with external industry reports;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment of the scope, competency, and objectivity
    of the Company&acute;s internal engineers responsible for the production curves and useful life of the oil and gas reserves, as well
    as the external reservoir specialists hired by the Company, which included assessing the nature and scope of the work performed,
    and their professional qualifications and experience; and</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 12.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 12.05pt; text-indent: -8.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Assessment of Company&rsquo;s ability to prepare
    this estimate by comparing a sampling selection of actual expenditure incurred with the decommissioning of oil and gas production
    facilities already under abandonment, to the provision for decommissioning previously recognized.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">According
    to the evidence obtained from performing the procedures described above, we considered that the amount of provision for decommissioning
    costs is acceptable in the context of the consolidated financial statements taken as a whole, for the year ended December 31, 2022.</FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #004E98">
    <TD STYLE="width: 100%; padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: white"><B>Other
    Information</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.65pt 5.65pt 8.5pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Management
    is responsible for the other information. The other information comprises the Financial Performance Report.</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Our
    opinion on the consolidated financial statements does not cover the Financial Performance Report and we do not express any form of
    assurance conclusion thereon.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
    connection with our audit of the consolidated financial statements, our responsibility is to read the Financial Performance Report
    and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or
    our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work performed, we conclude
    that there is material misstatement in the Financial Performance Report, we are required to report on that fact. We have nothing
    to report in this regard.</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #004E98">
    <TD STYLE="padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: white"><B>Responsibilities
    of Management and Those Charged with Governance for the Consolidated Financial Statements</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.65pt; padding-bottom: 8.5pt; padding-left: 5.65pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 6pt 0 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Management
    is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with IFRS, and for
    such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are
    free from material misstatement, whether due to fraud or error.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
    preparing the consolidated financial statements, management is responsible for assessing the Company&rsquo;s ability to continue
    as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless
    management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Those
    charged with governance are responsible for overseeing the Company&rsquo;s financial reporting process.</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #004E98">
    <TD STYLE="padding: 5.65pt; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt; color: white"><B>Auditors&rsquo;
    Responsibilities for the Audit of the Consolidated Financial Statements</B></FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding: 5.65pt"><P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Our
    objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material
    misstatement, whether due to fraud or error, and to issue an auditors&rsquo; report that includes our opinion. Reasonable assurance
    is a high level of assurance, but it is not a guarantee that an audit conducted in accordance with International Standards on Auditing
    will always detect possible existing material misstatements. Misstatements can arise from fraud or error and are considered material
    if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis
    of these consolidated financial statements.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">As
    part of our audit in accordance with ISAs, we exercise professional judgment and maintain professional skepticism throughout the
    audit. We also:</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.5pt; text-indent: -9.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;  </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Identify and assess the risks of material misstatement
    of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those
    risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting
    material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve the act of collusion,
    forgery, intentional omissions, misrepresentations, or the override of internal control.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.5pt; text-indent: -9.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Obtain
an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances,
but not for the purpose of expressing an opinion on the effectiveness of the Company&rsquo;s internal control.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 7.45pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.5pt; text-indent: -9.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Evaluate the appropriateness of accounting policies
    used and the reasonableness of accounting estimates and related disclosures made by management.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 7.45pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.5pt; text-indent: -9.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Conclude on the appropriateness of management&rsquo;s
    use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related
    to events or conditions that may cast significant doubt on the Company&rsquo;s and its subsidiaries' ability to continue as a going
    concern. If we conclude that a material uncertainty exists, then we are required to draw attention in our auditors&rsquo; report
    to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion.
    Our conclusions are based on the audit evidence obtained up to the date of our auditor&acute;s report. However, future events or
    conditions may cause the Company and its subsidiaries to cease to continue as a going concern.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.5pt; text-indent: -9.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Evaluate the overall presentation, structure and
    content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent
    the underlying transactions and events in a manner that achieves fair presentation. </FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0 0 0 7.45pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 16.5pt; text-indent: -9.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;    </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9.5pt">Obtain sufficient appropriate audit evidence regarding
    the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial
    statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for
    our audit opinion.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">We
    communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant
    audit findings, including any significant deficiencies in internal control that we identify during our audit.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">We
    also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence,
    and communicate with them all relationships and other matters that may reasonably be thought to bear on our independence and where
    applicable, actions taken to eliminate threats or safeguards applied.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">From
    the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit
    of the consolidated financial statements of the current year and are therefore the key audit matters. We describe these matters in
    our auditors&rsquo; report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances,
    we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably
    be expected to outweigh the public interest benefits of such communication.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Rio
    de Janeiro, March 1, 2023</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">KPMG
    Auditores Independentes Ltda.</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">CRC
    SP-014428/O-6 F-RJ</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Ulysses
    M. Duarte Magalh&atilde;es</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Accountant
    CRC RJ-092095/O-8</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>
    <P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P></TD></TR>
  </TABLE>
<P STYLE="font: 9.5pt Univers LT Std 45 Light,sans-serif; margin: 0; text-indent: -0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

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<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>





<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"></P>

<P STYLE="font: 14.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">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.</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt">Date:&nbsp;March 2, 2023</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>PETR&Oacute;LEO BRASILEIRO S.A&ndash;PETROBRAS<BR>
<BR>
</B>By: /s/&nbsp;<FONT STYLE="color: #222222; background-color: white">Rodrigo Araujo Alves</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">______________________________</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; color: #222222"><FONT STYLE="background-color: white">Rodrigo Araujo Alves</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">Chief Financial Officer and Investor Relations
Officer</P>

<P STYLE="font: 11pt/12.65pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Petrobras Sans,sans-serif; margin: 0 0 8pt">&nbsp;</P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
