<SEC-DOCUMENT>0001292814-24-002219.txt : 20240528
<SEC-HEADER>0001292814-24-002219.hdr.sgml : 20240528
<ACCEPTANCE-DATETIME>20240528113039
ACCESSION NUMBER:		0001292814-24-002219
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240331
FILED AS OF DATE:		20240528
DATE AS OF CHANGE:		20240528

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PETROBRAS - PETROLEO BRASILEIRO SA
		CENTRAL INDEX KEY:			0001119639
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		ORGANIZATION NAME:           	01 Energy & Transportation
		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:		24988099

	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>pbr20240528_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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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
May, 2024</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>
20241-030 &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="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

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    <TD>
    <P STYLE="font: 36pt Arial, Helvetica, Sans-Serif; margin: 0; color: #006298"><B>Financial Information</B></P>
    <P STYLE="font: 36pt Arial, Helvetica, Sans-Serif; margin: 0; color: #006298"><B>Jan-Mar/2024</B></P>
    <P STYLE="font: 28pt Petrobras Sans,sans-serif; margin: 0; color: #FDC82F"><B>&mdash;</B></P>
    <P STYLE="font: 22pt Petrobras Sans,sans-serif; margin: 0; color: #675C53"><I>&nbsp;</I></P></TD></TR>
  </TABLE>
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<P STYLE="margin: 0; text-indent: 0.5in">&nbsp;</P>


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

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>B3: PETR3 (ON) | PETR4 (PN)</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>NYSE: PBR (ON) | PBRA (PN)</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>www.petrobras.com.br/ir</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>petroinvest@petrobras.com.br</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>+ 55 21 3224-1510</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>Disclaimer</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; text-align: justify; margin-right: 0; margin-left: 0; color: #767171">This presentation
contains some financial indicators that are not recognized by GAAP or the IFRS. The indicators presented herein do not have standardized
meanings and may not be comparable to indicators with a similar description used by others. We provide these indicators because we use
them as measures of company performance and liquidity; they should not be considered in isolation or as a substitute for other financial
metrics that have been disclosed in accordance with IFRS. See definitions of EBITDA, LTM EBITDA, Adjusted EBITDA, LTM Adjusted EBITDA,
Adjusted Cash and Cash Equivalents, Net Debt, Gross Debt, Free Cash Flow, and Leverage in the Glossary and their reconciliations in the
sections Liquidity and Capital Resources, Reconciliation of LTM Adjusted EBITDA, Gross Debt/LTM Adjusted EBITDA and Net Debt/LTM Adjusted
EBITDA Metrics and Consolidated Debt.</P>


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

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><B>TABLE OF CONTENTS</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 90%; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif">CONSOLIDATED RESULTS </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif">Key Financial Information</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">4</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif">Sales Revenues </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">4</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif">Cost of Sales</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">5</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif">Income (Expenses)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">5</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif">Net finance (expense) income </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">6</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif">Income tax expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">7</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif">Net Income attributable to shareholders of Petrobras</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">7</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif">CAPITAL EXPENDITURES (CAPEX)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">8</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif">LIQUIDITY AND CAPITAL RESOURCES</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">9</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif">CONSOLIDATED DEBT</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">10</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">RECONCILIATION OF EBITDA, ADJUSTED EBITDA, LTM EBITDA,
    LTM ADJUSTED EBITDA, GROSS DEBT/ LTM ADJUSTED EBITDA AND NET DEBT/LTM ADJUSTED EBITDA METRICS</P></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-left: 17.55pt; text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif">EBITDA, Adjusted EBITDA and Net cash provided by operating activities &ndash; OCF</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 17.55pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">11</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-left: 17.55pt; text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif">LTM EBITDA, LTM Adjusted EBITDA</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 17.55pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">12</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-bottom: 6pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Petrobras Sans,sans-serif">Adjusted Cash and Cash Equivalents, Gross Debt, Net Debt, Net Cash provided by Operating Activities (LTM OCF), LTM Adjusted EBITDA, Gross Debt Net of Cash and Cash Equivalents/LTM OCF, Gross Debt/LTM Adjusted EBITDA and Net Debt/LTM Adjusted EBITDA Metrics&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">13</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif">RESULTS BY OPERATING BUSINESS SEGMENTS</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif">Exploration and Production (E&amp;P)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">14</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif">Refining, Transportation and Marketing</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">15</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif">Gas and Low Carbon Energies<FONT STYLE="font-size: 9pt; background-color: white">&nbsp;</FONT></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">16</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif">GLOSSARY</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif">17</FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; font: 9pt/115% Trebuchet MS, Times, Serif; margin: 0; color: #FDC82F">CONFIDENCIAL</P></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%"><IMG SRC="pbr202405286k_001.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 12pt Petrobras Sans; margin: 6pt 0; text-align: justify">CONSOLIDATED RESULTS</P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0; text-align: justify">The main functional currency of the Petrobras Group is the Brazilian
real, which is the functional currency of the parent company and its Brazilian subsidiaries. As the presentation currency of the Petrobras
Group is the U.S. dollar, the results of operations in Brazilian reais are translated into U.S. dollars using the average exchange rates
prevailing during the period (average exchange rate of R$/US$ 4.95 in Jan-Mar/2024 compared to R$/US$ 5.19 in Jan-Mar/2023).</P>

<P STYLE="font: 9pt Petrobras Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Petrobras Sans; margin: 0; text-align: justify"><B>Key Financial Information</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; border-right: white 1pt solid; border-bottom: #006298 1pt solid; background-color: #006299; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-right: white 1pt solid; border-bottom: #006298 1pt solid; background-color: #006299; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; border-right: white 1pt solid; border-bottom: #006298 1pt solid; background-color: #006299; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023 </B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #006298 1pt solid; background-color: #006299; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>Change </B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>(%)</B></P></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sales revenues</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">23,768</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">26,771</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(11.2)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Cost of Sales</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(11,511)</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(12,658)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(9.1)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gross profit</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>12,257</B></FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>14,113</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(13.2)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Income (expenses)</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(3,273)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(2,560)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>27.9</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Consolidated net income attributable to the shareholders of Petrobras</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">4,782</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">7,341</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(34.9)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net cash provided by operating activities</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>9,386</B></FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>10,347</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(9.3)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Adjusted EBITDA</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>12,127</B></FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>13,956</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(13.1)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average Brent crude (US$/bbl) *</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">83.24</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">81.27</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2.4</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average Domestic basic oil products price (US$/bbl)</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">96.13</FONT></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">109.53</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(12.2)</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 7pt Petrobras Sans; margin: 0; text-align: justify">* <FONT STYLE="color: windowtext">Source: Refinitiv.</FONT></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0">&nbsp;</P></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="width: 71%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    </TR>
  </TABLE>
<P STYLE="font: 9pt Petrobras Sans; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #006299">
    <TD STYLE="white-space: nowrap; width: 67%; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 12%; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>03.31.2024</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 12%; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>12.31.2023</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>Change </B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>(%)</B></P></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gross Debt</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>61,838</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>62,600</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(1.2)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net Debt</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>43,646</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>44,698</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(2.4)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gross Debt/LTM Adjusted EBITDA ratio</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1.22</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1.19</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2.5</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net Debt/LTM Adjusted EBITDA ratio</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">0.86</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman, Times, Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">0.85</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1.2</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Petrobras Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Petrobras Sans; margin: 0; text-align: justify"><B>Sales Revenues</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006299 1pt solid; border-left: white 1pt solid; background-color: #006299; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$ million</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #006298; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #006298; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; background-color: #006299; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>Change </B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>(%)</B></P></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #DADADA; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Diesel</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #DADADA; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">7,076</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #DADADA; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8,305</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">(14.8)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gasoline</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,205</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,694</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">(13.2)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Liquefied petroleum gas (LPG)</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">758</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">929</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">(18.4)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Jet fuel</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,184</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,406</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">(15.8)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Naphtha</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">427</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">478</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">(10.7)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Fuel oil (including bunker fuel)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">344</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">286</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">20.3</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Other oil products</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,019</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,084</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">(6.0)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Subtotal Oil Products</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>14,013</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>16,182</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: Petrobras Sans,sans-serif; font-size: 9pt; color: black"><B>(13.4)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Natural gas</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,322</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,526</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">(13.4)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Crude oil</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,229</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,350</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">(9.0)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Renewables and nitrogen products</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">31</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">21</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">47.6</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Breakage</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">140</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">220</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">(36.4)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Electricity</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">128</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">110</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">16.4</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Services, agency and others</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">247</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">244</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: Petrobras Sans,sans-serif; font-size: 9pt; color: black">1.2</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total domestic market</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>17,110</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>19,653</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black"><B>(12.9)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Exports </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6,398</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6,741</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">(5.1)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Crude oil</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">4,911</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">5,547</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">(11.5)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Fuel oil (including bunker fuel)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,322</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,034</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">27.9</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Other oil products and other products</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">165</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">160</FONT></TD>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">3.1</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sales abroad *</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">260</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">377</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: Petrobras Sans,sans-serif; font-size: 9pt; color: black">(31.0)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total foreign market</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>6,658</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>7,118</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black"><B>(6.5)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Sales revenues</B></FONT></TD>
    <TD STYLE="border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>23,768</B></FONT></TD>
    <TD STYLE="border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>26,771</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: Petrobras Sans,sans-serif; font-size: 9pt; color: black"><B>(11.2)</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 67%; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 7pt Petrobras Sans; margin: 0; text-align: justify">* <FONT STYLE="color: windowtext">Sales revenues from operations outside
    of Brazil, including trading and excluding exports.</FONT></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    </TR>
  </TABLE>
<P STYLE="font: 11pt Petrobras Sans; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Petrobras Sans; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; font: 9pt/115% Trebuchet MS, Times, Serif; margin: 0; color: #FDC82F">CONFIDENCIAL</P></TD></TR></TABLE></DIV>
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    <!-- Field: /Page -->

<P STYLE="font: 9pt Petrobras Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Sales revenues were US$ 23,768 million for
the period Jan-Mar/2024, a 11.2% decrease (US$ 3,003 million) when compared to US$ 26,771 million for the period Jan-Mar/2023, mainly
due to:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 10pt">a US$&nbsp;2,169 million decrease
in domestic market oil products revenues, of which US$ 1,711 million relates to a decrease in average domestic basic oil products prices
following the reduction in average international prices for diesel and gasoline, and US$ 458 million relates to a decrease in sales volumes;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 0 35.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 10pt">a US$ 636 million decrease in exported
crude oil revenues, of which US$ 628 million relates to a decrease in sales volumes, and US$ 8 million relates to a decrease in the average
price of crude oil exports due to the devaluation of international prices when exports were carried out in 2024;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 10pt">a US$ 121 million decrease in domestic
market crude oil revenues, composed of a US$ 209 million decrease which relates to a decrease in sales volumes, partially offset by a
US$ 88 million increase which relates to an increase in average crude oil prices in domestic market following the appreciation of average
Brent crude prices; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 10pt">a US$ 288 million increase in exported
fuel oil revenues, of which US$ 259 million relates to an increase in sales volumes, and US$ 30 million relates to an increase in average
prices.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Petrobras Sans; margin: 0; text-align: justify"><B>Cost of Sales</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 67%; border-top: white 1pt solid; border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #006299 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006299 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006299 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD>
    <TD STYLE="width: 9%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>Change </B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>(%)</B></P></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Raw material, products for resale, materials and third-party services *</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(5,391)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(7,095)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(24.0)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Depreciation, depletion and amortization</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,649)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,396)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">10.6</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Production taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3,030)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,783)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8.9</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Employee compensation</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(441)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(384)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">14.8</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(11,511)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(12,658)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(9.1)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt Petrobras Sans; margin: 0; text-align: justify">* It includes short-term leases and inventory turnover.</P>

<P STYLE="font: 4pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Cost of sales was US$ 11,511 million for the
period Jan-Mar/2024, a 9.1% decrease (US$ 1,147 million) when compared to US$ 12,658 million for the period Jan-Mar/2023, mainly due to
lower costs with raw material and products for resale with emphasis on lower acquisition costs for imported crude oil and oil products.</P>

<P STYLE="font: 11pt Petrobras Sans; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Petrobras Sans; margin: 0; text-align: justify"><B>Income (Expenses) </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 65%; border-top: white 1pt solid; border-right: white 1pt solid; border-left: white 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>Change </B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>(%)</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Selling expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,333)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,221)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">9.2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">General and administrative expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(447)</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(357)</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">25.2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Exploration costs</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(135)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(157)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(14.0)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Research and development expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(183)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(154)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">18.8</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Other taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(140)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(200)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(30.0)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Impairment of assets</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Other income and expenses, net</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,044)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(468)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">123.1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(3,273)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(2,560)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">27.9</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 4pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Selling expenses were US$ 1,333 million for
the period Jan-Mar/2024, a 9.2% increase (US$ 112 million) compared to US$&nbsp;1,221 million for the period Jan-Mar/2023, mainly due
to higher logistical expenses related to natural gas transportation, partially offset by lower volumes of crude oil exports.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">General and administrative expenses were US$
447 million for the period Jan-Mar/2024, a 25.2% increase (US$&nbsp;90 million) compared to US$ 357 million for the period Jan-Mar/2023,
mainly due to higher salary expenses due to the hiring of new employees and to inflationary effects over the salaries of other employees.</P>


<!-- Field: Page; Sequence: 6 -->
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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%"><IMG SRC="pbr202405286k_001.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Other taxes were US$ 140 million for the period
Jan-Mar/2024, a 30.0% decrease (US$&nbsp;60 million) compared to US$&nbsp;200&nbsp;million for the period Jan-Mar/2023, mainly due to
a 9.2% extraordinary taxation over exports of crude oil in 2023, pursuant to Provisional Measure No. 1,163/2023. This extraordinary taxation
was temporary and only applicable for the period March to June 2023.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Other income and expenses, net was a US$ 1,044
million expense in Jan-Mar/2024, a 123.1% increase (US$ 576 million) compared to US$ 468 million for the period Jan-Mar/2023, mainly due
to lower gains from asset divestments (US$ 162 million of income in Jan-Mar/2024 compared to a US$ 496 million income in Jan-Mar/2023).</P>

<P STYLE="font: 11pt Petrobras Sans; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Petrobras Sans; margin: 0; text-align: justify"><B>Net finance (expense) income </B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 67%; border-top: white 1pt solid; border-right: white 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #006299; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$ million</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: white 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #006298; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: white 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #006298; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD>
    <TD STYLE="width: 9%; border-right: white 1pt solid; background-color: #006299; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>Change </B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>(%)</B></P></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; border-top: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Finance income</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>552</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>465</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>18.7</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Income from investments and marketable securities (Government Bonds) </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">432</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">333</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">29.7</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Other finance income</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">120</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">132</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(9.1)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Finance expenses</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(1,072)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(844)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>27.0</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Interest on finance debt</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(554)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(541)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2.4</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Unwinding of discount on lease liability</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(547)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(358)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">52.8</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Capitalized borrowing costs</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">376</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">271</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">38.7</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Unwinding of discount on the provision for decommissioning costs</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(272)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(212)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">28.3</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Other finance expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(75)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(4)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,775.0</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Foreign exchange gains (losses) and indexation charges</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(1,419)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(243)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>484.0</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Foreign exchange gains (losses) </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(881)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">797</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Reclassification of hedge accounting to the Statement of Income</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(697)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,154)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(39.6)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-indent: 9pt">Indexation to the Selic interest rate of anticipated dividends
    and dividends</P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-indent: 9pt">payable</P></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(70)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(32)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">118.8</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Recoverable taxes inflation indexation income </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">49</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">64</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(23.4)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Other foreign exchange gains and indexation charges, net</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">180</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">82</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">119.5</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(1,939)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(622)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>211.7</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Petrobras Sans; margin: 0; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Net finance (expense) income was an expense of US$ 1,939 million
for the period Jan-Mar/2024, an increase of US$ 1,317 million compared to an expense of US$ 622 million for the period Jan-Mar/2023, mainly
due to:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Calibri, Helvetica, Sans-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: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif">a foreign exchange loss of US$ 881 million in Jan-Mar/2024,
as compared to a US$ 797 million gain in Jan-Mar/2023 reflecting a 3.2% depreciation of the real/US$ exchange rate in Jan-Mar/2024 (03/31/2024:
R$ 5.00/US$, 12/31/2023: R$ 4.84/US$) compared to a 2.6% appreciation in Jan-Mar/2023 (03/31/2023: R$ 5.08/US$, 12/31/2022: R$ 5.22/US$),
which applied to a higher average net liability exposure to the US$ during Jan-Mar/2024 than in Jan-Mar/2023.</FONT></TD></TR></TABLE>

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

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify"><B>Income tax expenses</B></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Income tax was an expense of US$ 2,147 million in Jan-Mar/2024, compared
to an expense of US$ 3,596 million in Jan-Mar/2023. The decrease was mainly due to lower net income before income taxes (US$ 6,952 million
of income in Jan-Mar/2024 compared to a US$ 10,966 million income in Jan-Mar/2023), resulting in nominal income taxes computed based on
Brazilian statutory corporate tax rates (34%) of US$ 2,363 million in Jan-Mar/2024 compared to a US$ 3,729 million in Jan-Mar/2023.</P>

<P STYLE="font: 11pt Petrobras Sans; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Petrobras Sans; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Petrobras Sans; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify"><B>Net Income attributable to shareholders of Petrobras </B></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Net income attributable to shareholders of Petrobras was US$
4,782 million for the period Jan-Mar/2024, a US$&nbsp;2,559 million decrease compared to a net income attributable to shareholders of
Petrobras of US$ 7,341 million for the period Jan-Mar/2023, as explained above, mainly due to lower gross profit (US$ 12,257 million in
Jan-Mar/2024 compared to US$ 14,113 million in Jan-Mar/2023), higher expenses (US$ 3,273 million of expenses in Jan-Mar/2024 compared
to US$ 2,560 million of expenses in Jan-Mar/2023), higher net finance expenses (US$ 1,939 million of expenses in Jan-Mar/2024 compared
to US$ 622 million of expenses in Jan-Mar/2023) partially offset by lower income tax expenses (US$ 2,147 million of expenses in Jan-Mar/2024
compared to US$ 3,596 million of expenses in Jan-Mar/2023).</P>


<!-- Field: Page; Sequence: 7 -->
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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%"><IMG SRC="pbr202405286k_001.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 9pt Petrobras Sans; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-size: 12pt"><B>CAPITAL
EXPENDITURES (CAPEX)</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 57%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #006299; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>CAPEX (US$&nbsp;million)</B></FONT></TD>
    <TD STYLE="width: 16%; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: white 1pt solid; background-color: #006298; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: white 1pt solid; background-color: #006298; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #006299; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Exploration and Production </FONT></TD>
    <TD STYLE="background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,472</FONT></TD>
    <TD STYLE="background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,040</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #DADADA; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">21.2 </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Refining, Transportation and Marketing</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">362</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">342</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">5.8 </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gas and Low Carbon Energies</FONT></TD>
    <TD STYLE="background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">108</FONT></TD>
    <TD STYLE="background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">33</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #DADADA; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">227.3 </FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Corporate and Other businesses</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">101</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">67</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">50.7 </FONT></TD></TR>
  <TR STYLE="background-color: #DADADA">
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><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: Petrobras Sans,sans-serif; font-size: 9pt"><B>3,043</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>2,482</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>22.6 </B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">In line with our Strategic Plan, our Capital Expenditures
were primarily directed toward investment projects which Management believes are most profitable, relating to oil and gas production.</P>

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

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">In Jan-Mar/2024, Capital Expenditures in the E&amp;P segment
totaled US$&nbsp;2,472 million, representing 81.2% of the CAPEX of the Company, a 21.2% increase when compared to US$&nbsp;2,040 million
in Jan-Mar/2023, mainly due to the development of large projects that are expected to sustain the production curve over the next few years.
CAPEX in Jan-Mar/2024 were mainly concentrated on: (i) the development of production in the pre-salt layer of the Santos Basin (US$&nbsp;1.3
billion), mainly on Buzios and Mero fields; (ii) the Campos Basin pre- and post-salt projects (US$ 0.6 billion), mainly on Jubarte, Marlim
and Raia Manta and Pintada fields; and (iii) exploratory investments (US$ 0.2 billion).</P>

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

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

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

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

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

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

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

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

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

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

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

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


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<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-size: 12pt"><B>LIQUIDITY
AND CAPITAL RESOURCES</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 76%; border-left: white 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: white 1pt solid; background-color: #006299; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: white 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #006298; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: white 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #006298; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Adjusted Cash and Cash Equivalents at the beginning of the period</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>17,902</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>12,283</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Government bonds, bank deposit certificates and time deposits with maturities of more than three months at the beginning of the period </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(5,175)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(4,287)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Cash and cash equivalents at the beginning of the period</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>12,727</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>7,996</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net cash provided by operating activities</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>9,386</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>10,347</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Acquisition of PP&amp;E and intangibles assets</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,838)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,423)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Acquisition of equity interests</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(8)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Proceeds from disposal of assets &ndash; (Divestments)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">569</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,855</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Financial compensation from co-participation agreement</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">397</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">391</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Dividends received</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">24</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">11</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Divestment (Investment) in marketable securities</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,475)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(930)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net cash provided by (used in) investing activities</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(3,324)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(1,104)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(=) Net cash provided by operating and investing activities</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>6,062</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>9,243</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 30pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Proceeds from finance debt</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">51</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 30pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Repayments of finance debt</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,601)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,320)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net change in finance debt</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,599)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,269)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Repayment of lease liability</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,918)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,389)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Dividends paid to shareholders of Petrobras </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3,455)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(4,192)</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Dividends paid to non-controlling interest</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(57)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(48)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Share repurchase program </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(232)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Changes in non-controlling interest</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">93</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(75)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net cash used in financing activities</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(7,168)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(6,973)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Effect of exchange rate changes on cash and cash equivalents</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(74)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">24</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Cash and cash equivalents at the end of the period</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>11,547</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>10,290</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Government bonds, bank deposit certificates and time deposits with maturities of more than three months at the end of the period&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6,645</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">5,471</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Adjusted Cash and Cash Equivalents at the end of the period</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>18,192</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>15,761</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Reconciliation of Free Cash Flow</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net cash provided by operating activities</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">9,386</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">10,347</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Acquisition of PP&amp;E and intangible assets</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,838)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,423)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Acquisition of equity interests</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(8)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Free Cash Flow *</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>6,547</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>7,916</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt Petrobras Sans; margin: 0; text-align: justify">*Free Cash Flow (FCF) is in accordance with the new Shareholder Remuneration
Policy (&ldquo;Policy&rdquo;), approved in July 2023, which is the result of the equation: FCF = net cash provided by operating activities
less the sum of acquisition of PP&amp;E and intangible assets and acquisition of equity interests. For comparative purposes, the amount
of Jan-Mar/2023 has been adjusted in accordance with the new Policy.</P>

<P STYLE="font: 5pt Petrobras Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9.5pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify">As of March 31, 2024, the balance of Cash and cash equivalents
was US$&nbsp;11,547 million and Adjusted Cash and Cash Equivalents totaled US$&nbsp;18,192 million.</P>

<P STYLE="font: 9.5pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify">The three-month period ended March 31, 2024 had net cash provided
by operating activities of US$ 9,386 million and positive Free Cash Flow of US$ 6,547 million. This level of cash generation, together
with proceeds from disposal of assets (divestments) of US$&nbsp;569 million, financial compensation from co-participation agreements of
US$ 397 million, dividends received of US$ 24 million and proceeds from finance debt of US$&nbsp;2 million, were allocated to: (a) debt
prepayments and payments of principal and interest due in the period of US$&nbsp;1,601 million; (b) repayment of lease liability of US$&nbsp;1,918
million; (c) dividends paid to shareholders of Petrobras of US$ 3,455 million; (d) share repurchase program of US$ 232 million; and (e)
acquisition of PP&amp;E and intangibles assets of US$&nbsp;2,838 million.</P>

<P STYLE="font: 9.5pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify">In the three-month period ended, the Company repaid
several finance debts, in the amount of US$&nbsp;1,601 million.</P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>




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<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify"><FONT STYLE="font-size: 12pt"><B>CONSOLIDATED
DEBT&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 74%; border: white 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Debt (US$&nbsp;million)</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>03.31.2024</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>12.31.2023</B></FONT></TD>
    <TD STYLE="width: 8%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 74%; padding-right: 3pt; padding-left: 10pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0.4pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Capital Markets</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">16,719</FONT></TD>
    <TD STYLE="width: 9%; padding-right: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">17,514</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; padding-right: 3pt; padding-left: 3pt; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(4.5)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Banking Market</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8,502</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8,565</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(0.7)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Development banks</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">664</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">698</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(4.9)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Export Credit Agencies</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,705</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,870</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(8.8)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Others</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">148</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">154</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3.9)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Finance debt</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>27,738</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>28,801</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(3.7)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Lease liability</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>34,100</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>33,799</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>0.9</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; background-color: lightgrey"><B>Gross Debt</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>61,838</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>62,600</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(1.2)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Adjusted Cash and Cash Equivalents</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">18,192</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">17,902</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1.6</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net Debt</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>43,646</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>44,698</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(2.4)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Leverage: Net Debt/(Net Debt + Shareholders' Equity) </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">35%</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">36%</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2.8)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average interest rate (% p.a.)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6.5</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6.4</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1.6</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Weighted average maturity of outstanding debt (years)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">11.30</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">11.38</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(0.7)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Petrobras Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify">As of March 31, 2024, the Company has maintained
its liability management strategy to improve the debt profile and to adapt to the maturity terms of the Company&rsquo;s long-term investments.</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify">Gross Debt decreased 1.2% (US$&nbsp;762 million) to US$ 61,838
million as of March 31, 2024 from US$&nbsp;62,600 million as of December 31, 2023, mainly due to lower finance debt (with a US$ 1,063
million decrease in the period), partially offset by the higher lease liabilities in the period (a US$ 301 million increase). Gross Debt
was maintained in the range between US$ 50,000 million and US$ 65,000 million target defined in the 2024-2028 Strategic Plan, mainly due
to debt prepayments and scheduled repayments.</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify">As of March 31, 2024, Net Debt decreased by 2.4% (US$ 1,052
million), reaching US$ 43,646 million, compared to US$ 44,698 million as of December 31, 2023.</P>

<P STYLE="font: 10pt Petrobras Sans; margin: 0 0 6pt; text-align: justify">&nbsp;</P>


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

<P STYLE="font: bold 10pt Petrobras Sans; margin: 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-size: 12pt"><B>RECONCILIATION
OF EBITDA, ADJUSTED EBITDA, LTM EBITDA, LTM ADJUSTED EBITDA, GROSS DEBT/LTM ADJUSTED EBITDA AND NET DEBT/LTM ADJUSTED EBITDA METRICS&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify">LTM Adjusted EBITDA reflects the sum of the last twelve months
of Adjusted EBITDA, which is computed by using the EBITDA (net income before net finance (expense) income, income taxes, depreciation,
depletion and amortization) adjusted by items not considered part of the Company&rsquo;s primary business, which include results in equity-accounted
investments, results on disposal and write-offs of assets, impairment and results from co-participation agreements in bid areas.&#9;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify">LTM Adjusted EBITDA represents an alternative to the Company's operating
cash generation. This measure is used to calculate the metrics Gross Debt/LTM Adjusted EBITDA and Net Debt/LTM Adjusted EBITDA, to support
management&rsquo;s assessment of liquidity and leverage.</P>

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

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-indent: 28.35pt"><B>EBITDA, Adjusted EBITDA and Net cash provided
by operating activities &ndash; OCF </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 64%; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: white 1pt solid; background-color: #006298; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$ million</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: white 1pt solid; background-color: #006298; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: white 1pt solid; background-color: #006298; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD>
    <TD STYLE="width: 11%; border-right: white 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #006299; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: #DADADA; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net income </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">4,805</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">7,370</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(34.8)</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net finance (expense) income </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,939</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">622</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">211.7 </FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #DADADA; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Income taxes</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,147</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,596</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(40.3)</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Depreciation, depletion and amortization</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,362</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,924</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">15.0 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #DADADA; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>12,253</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>14,512</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(15.6)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Results in equity-accounted investments</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">93</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(35)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Impairment of assets (reversals)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(9)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Results on disposal/write-offs of assets </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(162)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(496)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(67.3)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Results from co-participation agreements in bid areas</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(48)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(28)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">71.4 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Adjusted EBITDA</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>12,127</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>13,956</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(13.1)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Allowance for credit loss on trade and other receivables</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">30</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">24</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">25.0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Trade and other receivables</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">604</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">412</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">46.6</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Inventories</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(627)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">989</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Trade payables</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">407</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(478)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Taxes payable</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3,143)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(4,497)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(30.1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Others</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(12)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(59)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(79.7)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net cash provided by operating activities &ndash; OCF</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>9,386</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>10,347</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(9.3)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence -->&nbsp;</TD></TR><TR><TD STYLE="text-align: center">&nbsp;</TD></TR><TR><TD STYLE="text-align: center"><P STYLE="text-align: left; font: 9pt/115% Trebuchet MS, Times, Serif; margin: 0; color: #FDC82F">CONFIDENCIAL</P></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%"><IMG SRC="pbr202405286k_001.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-indent: 28.35pt"><B>LTM EBITDA, LTM Adjusted EBITDA, LTM Net
cash provided by operating activities &ndash; OCF </B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-indent: 28.35pt"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="6" STYLE="background-color: #006298; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 12pt; color: white"><B><SUP>US$ million</SUP></B></FONT></TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Last twelve months (LTM) at</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DBDBDB">
    <TD STYLE="width: 48%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">03.31.2024</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-top: #1F497D 1.5pt outset; border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">12.31.2023</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Apr-Jun/2023</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Jul-Sep/2023</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Oct-Dec/2023</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Jan-Mar/2024</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Net income</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">22,430</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">24,995</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">5,859</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">5,484</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">6,282</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">4,805</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Net finance (expense) income </FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">3,650</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">2,333</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">21</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">1,985</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(295)</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">1,939</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Income taxes</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">8,952</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">10,401</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">2,576</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">2,263</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">1,966</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">2,147</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Depreciation, depletion and amortization</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">13,718</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">13,280</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">3,249</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">3,475</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">3,632</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">3,362</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>EBITDA</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">48,750</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">51,009</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">11,705</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">13,207</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">11,585</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">12,253</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Results in equity-accounted investments</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">432</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">304</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">22</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">248</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">69</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">93</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Impairment of assets (reversals)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">2,668</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">2,680</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">401</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">78</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">2,198</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(9)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Results on disposal/write-offs of assets </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(962)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(1,295)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(692)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">37</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(145)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(162)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Results from co-participation agreements in bid areas</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(304)</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(284)</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">0</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(19)</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(237)</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(48)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>Adjusted EBITDA</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>50,584</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>52,414</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>11,436</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>13,551</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>13,470</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>12,127</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Allowance for credit loss on trade and other receivables</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">46</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">40</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">10</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">15</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(9)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">30</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Trade and other receivables</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">280</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">88</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">763</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(588)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(499)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">604</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Inventories</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(52)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">1,564</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">91</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">52</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">432</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(627)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Trade payables</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(69)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(954)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">187</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(726)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">63</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">407</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Taxes payable</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(9,109)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(10,463)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(2,769)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(819)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(2,378)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(3,143)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Others</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">571</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">523</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(76)</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">69</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">590</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(12)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>Net cash provided by operating activities&nbsp;&nbsp;-OCF</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>42,251</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>43,212</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>9,642</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>11,554</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>11,669</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>9,386</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-indent: 28.35pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><B>&nbsp;</B></P>


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<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-indent: 28.35pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify"><B>Adjusted Cash and Cash Equivalents, Gross
Debt, Net Debt, Net Cash provided by Operating Activities (LTM OCF), LTM Adjusted EBITDA, Gross Debt Net of Cash and Cash Equivalents/LTM
OCF<FONT STYLE="font-size: 9pt; line-height: 115%">, </FONT>Gross Debt/LTM Adjusted EBITDA and Net Debt/LTM Adjusted EBITDA Metrics </B></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">The Gross Debt/LTM Adjusted EBITDA ratio and Net
Debt/LTM Adjusted EBITDA metrics are important metrics that support our management in assessing the liquidity and leverage of Petrobras
Group. These ratios are important measures for management to assess the Company&rsquo;s ability to pay off its debt, mainly because our
Strategic Plan 2024-2028 defines US$ 65 billion as a maximum level for our Gross Debt.</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">The following table presents the reconciliation
for those metrics to the most directly comparable measure derived from IFRS captions, which is in this case the Gross Debt Net of Cash
and Cash Equivalents/Net Cash provided by operating activities ratio:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="background-color: #006298; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 12pt; color: white"><B><SUP>US$ million</SUP></B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">03.31.2024</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">12.31.2023</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; background-color: lightgrey">Cash and cash equivalents</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">11,547</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">12,727</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Government bonds, bank deposit certificates and time deposits (maturity of more than three months)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6,645</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">5,175</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; background-color: lightgrey"><B>Adjusted Cash and Cash equivalents</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>18,192</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>17,902</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Finance debt</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">27,738</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">28,801</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Lease liability</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">34,100</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">33,799</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Current and non-current debt - Gross Debt</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>61,838</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>62,600</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net Debt</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>43,646</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>44,698</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net cash provided by operating activities&nbsp;&nbsp;- LTM OCF</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,251 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,212 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Allowance for credit loss on trade and other receivables</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Trade and other receivables</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(280)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(88)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Inventories</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52 </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,564)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Trade payables</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69 </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;954 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Taxes payable</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,109 </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,463 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Others</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(571)</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(523)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>LTM Adjusted EBITDA</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,584 </B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52,414 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Gross Debt net of cash and cash equivalents/LTM OCF ratio</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>1.19</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>1.15</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Gross Debt/LTM Adjusted EBITDA ratio</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>1.22</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>1.19</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net Debt/LTM Adjusted EBITDA ratio</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>0.86</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>0.85</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 79%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></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%"><IMG SRC="pbr202405286k_001.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><FONT STYLE="font-size: 12pt"><B>RESULTS BY OPERATING BUSINESS
SEGMENTS</B></FONT></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><B>Exploration and Production (E&amp;P)</B></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Financial information</B></P>

<P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 67%; border-left: white 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #006298 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #006298 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: #006298 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sales revenues</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">16,077</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">15,730</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2.2 </FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gross profit</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">9,463</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">9,351</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1.2 </FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Income (Expenses)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(630)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(123)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">412.2 </FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Operating income </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8,833</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">9,228</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(4.3)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net income attributable to the shareholders of Petrobras</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">5,846</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6,108</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(4.3)</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Average Brent crude (US$/bbl)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>83.24</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>81.27</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>2.4</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Production taxes &ndash; Brazil</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>2,981</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>2,784</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>7.1 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Royalties</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,871</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,610</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">16.2 </FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Special Participation</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,101</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,162</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(5.2)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Retention of areas</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">9</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">12</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #006298 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(25.0)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 1pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: white"><FONT STYLE="background-color: yellow"><B><SUP>[1]</SUP></B></FONT></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 6pt 0 0; text-align: justify">In the period Jan-Mar/2024, gross profit for
the E&amp;P segment was US$9,463 million, an increase of 1.2% in relation to the period Jan-Mar/2023, due to higher sales revenues, which
reflect mainly increase production, in addition to higher Brent prices.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 6pt 0 0; text-align: justify">Operating income was US$ 8,833 million in the
Jan-Mar/2024 period, a decrease of 4.3% compared to the Jan-Mar/2023 period, mainly due to higher expenses with maintenance stoppages,
as well as to lower revenue with a reduced number of assets sold.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 6pt 0 0; text-align: justify">In the period Jan-Mar/2024, the increase in
production taxes was caused primarily by the higher in Brent prices, in relation to the Jan-Mar/2023 period.</P>

<P STYLE="font: 6pt Petrobras Sans; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Operational information </B></P>

<P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 55%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Production in thousand barrels of oil equivalent per day (mboed)</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Crude oil, NGL and natural gas &ndash; Brazil</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,742</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,640</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3.9</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Crude oil and NGL (mbbl/d)</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,236</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,141</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">4.4</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Natural gas (mboed)</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">506</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">499</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1.4</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Crude oil, NGL and natural gas &ndash; Abroad</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">34</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">36</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;(5.6)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total (mboed)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #006299 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>2,776</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #006299 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>2,676</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>3.7</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 6pt 0; text-align: justify">Production of crude oil, NGL and natural gas
was 2,776 mboed in the period Jan-Mar/2024, representing an increase of 3.7% compared to Jan-Mar/2023, mainly due to the ramp up of platforms
Almirante Barroso (B&uacute;zios field), P-71 (Itapu field), FPSO Anna Nery (Marlim field), FPSO Anita Garibaldi (Marlim, Voador and Espadim
fields) and FPSO Sepetiba (Mero field), in addition to the start of production of new wells in the Campos and Santos Basins.</P>

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

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

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

<HR COLOR="Black" ALIGN="LEFT" NOSHADE SIZE="1" STYLE="width: 25%; margin-top: 3pt; margin-bottom: 3pt">
<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


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

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Refining, Transportation and Marketing</B></P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Financial information</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 74%; border-left: white 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #006298 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #006298 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #006298 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sales revenues</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">22,190</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">24,842</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(10.7)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gross profit</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,207</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,974</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(25.8)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Income (Expenses)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(836)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,178)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(29.0)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Operating income </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,371</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,796</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(23.7)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net income attributable to the shareholders of Petrobras</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">775</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,199</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(35.4)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average refining cost (US$&nbsp;/ barrel) &ndash; Brazil</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2.63</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2.12</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">24.1 </FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="border-bottom: Black 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average domestic basic oil products price (US$/bbl)</FONT></TD>
    <TD STYLE="border-bottom: #006299 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">96.13</FONT></TD>
    <TD STYLE="border-bottom: #006299 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">109.53</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(12.2)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">In the period Jan-Mar/2024, Refining, Transportation and
Marketing gross profit was US$ 767 million lower than in the period Jan-Mar/2023 mainly due to a decrease in international margins, especially
diesel, and lower volume of sales in domestic market, mainly diesel and gasoline.</P>

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

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">The operating income for the period Jan-Mar/2024 reflects
lower gross profit partially offset by a decrease of expenses, mainly expenses with compensation for the termination of a vessel charter
agreement that occurred in Jan-Mar/2023.</P>

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

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">The average refining cost in the period Jan-Mar/2024 was
US$ 2.63/bbl, 24.1% higher than in the period Jan-Mar/2023, due to inflationary effects on personnel and service costs and to an increased
scope of maintenance and revitalization activities in our refineries.</P>

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

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

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Operational information </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 62%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Thousand barrels per day (mbbl/d)</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Total production volume </FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,753</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,652</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6.1</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Domestic sales volume</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,648</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,697</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2.9)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Reference feedstock</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,813</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,851</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2.1)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Refining plants utilization factor (%)</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">92</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">85</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8.2</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Processed feedstock (excluding NGL)</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,628</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,527</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6.6</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Processed feedstock</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,676</FONT></TD>
    <TD STYLE="vertical-align: top; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,573</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6.5</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Domestic crude oil as % of total </FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #006298 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">91</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #006298 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">90</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1.1</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">Domestic sales in the period Jan-Mar/2024 were
1,648 mbbl/d, a decrease of 2.9% compared to Jan-Mar/2023.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">Gasoline sales volume decreased 6.8% in Jan-Mar/2024
compared to Jan-Mar/2023 mainly due to the higher competitiveness in price compared to hydrous ethanol. Diesel decreased 3.4% between
periods because of the higher imports from third parties and the increase in biodiesel content.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">Total production of oil products for the period
Jan-Mar/2024 was 1,753 mbbl/d, 6.1% higher than Jan-Mar/2023. The production in the previous year was affected by two relevant turnarounds
at RPBC and REFAP, in comparison to relatively smaller turnarounds at REPAR and REPLAN this year.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">Processed feedstock for the period Jan-Mar/2024
was 1,676 mbbl/d, 6.5% more than Jan-Mar/2023.&nbsp;<BR STYLE="clear: both">
</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%"><IMG SRC="pbr202405286k_001.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><B>Gas and Low Carbon Energies&nbsp; </B></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Financial information</B></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 74%; border-left: white 1pt solid; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sales revenues</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,422</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,854</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(15.1)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gross profit</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,245</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,387</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(10.2)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Income (expenses)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(889)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(779)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">14.1 </FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Operating income (loss)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">356</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">608</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(41.4)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net income (loss) attributable to the shareholders of Petrobras</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">242</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">388</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(37.6)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average natural gas sales price &ndash; Brazil (US$/bbl)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">67.88</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">73.27</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(7.4)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">In Jan-Mar/2024, the sales revenues reduction in relation
to Jan-Mar/2023 was due to the lower volume of natural gas sold to the thermoelectric and non-thermoelectric markets, as well as reduction
of thermoelectric generation and the lower average natural gas sales price.</P>

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

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">In addition, the lower operating income in Jan-Mar/2024
compared to Jan-Mar/2023 is mainly due to an increase in selling expenses, relating to the natural gas transportation, as there was a
reduction in the compensation received from transport companies when third parties use their pipelines, due to a reduction in transported
volumes.</P>

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

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Operational information </B></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 62%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="width: 13%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2023</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sale of Thermal Availability at Auction (ACR)- Average MW</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,186</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,655</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(28.3)</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sale of electricity - average MW </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">442</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">562</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(21.4)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">National gas delivered - million m&sup3;/day</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">30</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">32</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(6.3)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Regasification of liquefied natural gas - million m&sup3;/day</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Import of natural gas from Bolivia - million m&sup3;/day</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">15</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">19</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(21.1)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #006298 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Natural gas sales and for internal consumption - million m&sup3;/day</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: Petrobras Sans,sans-serif; font-size: 9pt">48</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: Petrobras Sans,sans-serif; font-size: 9pt">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: Petrobras Sans,sans-serif; font-size: 9pt">(4.0)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">In Jan-Mar/2024, electricity sales by Petrobras
decreased 21.4% compared to Jan-Mar/2023, due to the high level of hydroelectric plants&rsquo; reservoirs in Brazil and consequently lower
demand in the thermoelectric market. In this scenario, power generation was used mainly to supply Petrobras' internal energy demand, as
well as for one-off opportunities to export to Argentina.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">There was also a reduction in the volume of
thermal availability at auctions (ACR), due to the expiration of contracts.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">The supply of national gas decreased in Jan-Mar/2024
due to planned maintenance on the Mexilh&atilde;o Plataform and UTGCA gas processing unit whose impact was offset by an increase in gas
imports.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 6pt Petrobras Sans; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Petrobras Sans; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 6pt Petrobras Sans; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 11pt Petrobras Sans; margin: 0; text-align: justify">GLOSSARY</P>

<P STYLE="font: 8pt Petrobras Sans; margin: 0 0 3pt; text-align: justify"></P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%"><P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt 3pt; text-align: justify"><B>ACL - </B><I>Ambiente de Contrata&ccedil;&atilde;o Livre</I>
(Free contracting market) in the electricity system.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt 3pt; text-align: justify"><B>ACR - </B><I>Ambiente de Contrata&ccedil;&atilde;o Regulada</I>
(Regulated contracting market) in the electricity system.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt 3pt; text-align: justify"><B>Adjusted Cash and Cash Equivalents - </B>Sum of cash and
cash equivalents, government bonds, bank deposit certificates and time deposits with maturities of more than 3 months from the date of
acquisition, considering the expected realization of those financial investments in the short-term. This measure is not defined under
the International Financial Reporting Standards &ndash; IFRS and should not be considered in isolation or as a substitute for cash and
cash equivalents computed in accordance with IFRS. It may not be comparable to adjusted cash and cash equivalents of other companies.
However, management believes that it is an appropriate supplemental measure to assess our liquidity and supports leverage management and
uses this measure in the calculation of Net Debt.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt 3pt; text-align: justify"><B>Adjusted EBITDA </B>Net income plus net finance (expense)
income; income taxes; depreciation, depletion and amortization; results in equity-accounted investments; impairment; results on disposal/write-offs
of assets; and results from co-participation agreements in bid areas. Adjusted EBITDA is not a measure defined by IFRS and it is possible
that it may not be comparable to similar measures reported by other companies. However, management believes that it is an appropriate
supplemental measure to assess our liquidity and supports leverage management.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt 3pt; text-align: justify"><B>ANP - </B>Brazilian National Petroleum, Natural Gas and Biofuels
Agency.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt 3pt; text-align: justify"><B>Average Domestic basic oil products price (US$/bbl)</B> -
represents Petrobras' domestic sales revenues per unit of basic oil products, which are: diesel, gasoline, LPG, jet fuel, naphtha and
fuel oil.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt 3pt; text-align: justify"><B>Capital Expenditures &ndash;</B> Capital
expenditures based on the cost assumptions and financial methodology adopted in our Strategic Plan, which include acquisition of PP&amp;E
and intangible assets, acquisition of equity interests, as well as other items that do not necessarily qualify as cash flows used in investing
activities, comprising geological and geophysical expenses, research and development expenses, pre-operating charges, purchase of property,
plant and equipment on credit and borrowing costs directly attributable to works in progress.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt 3pt; text-align: justify"><B>CTA</B> &ndash; Cumulative translation adjustment &ndash;
The cumulative amount of exchange variation arising on translation of foreign operations that is recognized in Shareholders&rsquo; Equity
and will be transferred to profit or loss on the disposal of the investment.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt 3pt; text-align: justify"><B>EBITDA</B> - net income before net finance (expense) income, income
taxes, depreciation, depletion and amortization. EBITDA is not a measure defined by IFRS and it is possible that it may not be comparable
to similar measures reported by other companies. However, management believes that it is an appropriate supplemental measure to assess
our liquidity and supports leverage management.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt 3pt; text-align: justify"><B>Effect of average cost in the Cost of Sales</B>
&ndash; In view of the average inventory term of 60 days, the crude oil and oil products international prices movement, as well as foreign
exchange effect over imports, production taxes and other factors that impact costs, do not entirely influence the cost of sales in the
current period, having their total effects only in the following period.</P>
&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 49%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"></P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Free Cash Flow -</B> Net cash provided by operating
activities less the sum of acquisition of PP&amp;E and intangibles assets and acquisition of equity interests. Free cash flow is not defined
under the IFRS and should not be considered in isolation or as a substitute for cash and cash equivalents calculated in accordance with
IFRS. It may not be comparable to free cash flow of other companies. However, management believes that it is an appropriate supplemental
measure to assess our liquidity and supports leverage management.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify"><B>Gross Debt</B> &ndash; Sum of current and non-current
finance debt and lease liability, this measure is not defined under the IFRS.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Leverage &ndash; </B>Ratio between the Net Debt and the sum
of Net Debt and Shareholders&rsquo; Equity. Leverage is not a measure defined in the IFRS and it is possible that it may not be comparable
to similar measures reported by other companies, however management believes that it is an appropriate supplemental measure to assess
our liquidity.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Lifting Cost -</B> Crude oil and natural gas lifting cost
indicator, which considers expenditures occurred in the period.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>LTM EBITDA</B> &ndash;EBITDA for the last twelve months.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>LTM Adjusted EBITDA</B> &ndash; Adjusted EBITDA for the last
twelve months.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>OCF - </B>Net Cash provided by (used in) operating activities
(operating cash flow)</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Operating income (loss) - </B>Net income (loss) before finance
(expense) income, results in equity-accounted investments and income taxes.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Net Debt &ndash; </B>Gross Debt less Adjusted Cash and Cash
Equivalents. Net Debt is not a measure defined in the IFRS and should not be considered in isolation or as a substitute for total long-term
debt calculated in accordance with IFRS. Our calculation of Net Debt may not be comparable to the calculation of Net Debt by other companies.
Management believes that Net Debt is an appropriate supplemental measure that helps investors assess our liquidity and supports leverage
management.</P>

    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Results by Business Segment &ndash;</B> The information
    by the company's business segment is prepared based on available financial information that is directly attributable to the segment or
    that can be allocated on a reasonable basis, being presented by business activities used by the Executive Board to make resource allocation
    decisions and performance evaluation.</P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify">When calculating segmented results, transactions with third
    parties, including jointly controlled and associated companies, and transfers between business segments are considered. Transactions between
    business segments are valued at internal transfer prices calculated based on methodologies that take into account market parameters, and
    these transactions are eliminated, outside the business segments, for the purpose of reconciling the segmented information with the consolidated
    financial statements of the company.</P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 7.5pt Petrobras Sans; margin: 6pt 0; text-align: justify">&nbsp;</P>

























<P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0">&nbsp;</P>



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

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

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"></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: 11pt/107% Petrobras Sans,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;May 28, 2024</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">Carlos Alberto Rechelo Neto</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">Carlos Alberto Rechelo Neto</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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# __9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
