Petroleo Brasileiro Sa · BMFBOVESPA:PETR3
Petroleo Brasileiro Sa — Q2 2025 Earnings Presentation
15 slides from Petroleo Brasileiro Sa's earnings presentation, Aug 8, 2025
Slide 1: Performance Webcast
Performance — Webcast August 8, 2025
Slide 2: Disclaimer
Disclaimer — The presentation may contain forwardlooking We undertake no obligation to publicly update or statements about future events that are not based on revise any forward-looking statements, whether as a historical facts and are not assurances of future result of new information or future eve
Slide 3: Message from the CEO, Magda Chambriard
message from the — Magda Chambriard 3 3
Slide 4: Operational highlights
Operational highlights — INCREASE IN MERO: FPSO ALEXANDRE NEW DISCOVERIES AND BP 2025-29 PERMITS: PRODUCTION DE GUSMÃO PRODCUTION ACQUISITION OF NEW We have obtained significant Petrobras’ total production START-UP EXPLORATORY AREAS permits for the 2025-2029 of oil and natural gas FPSO Alexandre de
Slide 5: Operational highlights
Operational highlights — REFINING SYSTEM HIGH VALUE-ADDED BOAVENTURA INNOVATION AND INVESTMENTS OIL PRODUCTS COMPLEX SUSTAINABILITY IN New Replan HDT in Total utilization factor Start of operations of MARITIME TRANSPORT operation of 91% in 2Q25 with 68% the 2nd module of the We signed the Buran Expa
Slide 6: Operational highlights
Operational highlights — NEW GAS AUTONOMY AND CREATION OF THE TWO NEW CONTRACTS INCOME PROGRAM GENERAL INTERNAL SUPERCOMPUTERS Signing of new contracts Within one year of the AFFAIRS OFFICE Ada, named in honor of the in the free gas market, Program, more than 4,500 In order to strengthen the computi
Slide 7: 2Q25 highlights
2Q25 highlights — Fernando Melgarejo CFO
Slide 8: Robust oil and gas production contributed to offset the decline in Brent prices
BRENT US$/bbl Robust oil and gas 75.7 -10% 67.8 production contributed to offset the decline in 1Q25 2Q25 Brent prices — COMMERCIAL OIL AND GAS TOTAL OPERATED PRODUCTION - BRAZIL PRODUCTION Mboed Mboed 3,978 4,189 196 +5% 170 +15% 2,320 2,214 PRODUÇÃO BRENT +5% em queda em crescimento 1Q25 2Q25 1Q25
Slide 9: Our operational performance supported solid financial results and robust cash generation
Our operational performance supported solid financial results and robust cash generation — EBITDA NET INCOME OCF US$ billion US$ billion US$ billion - 4% -11% +2% 10.4 10.7 10.2 9.2 8.5 6.0 7.5 4.0 4.7 4.1 1Q25 2Q25 1Q25 2Q25 1Q25 2Q25 Adjusted EBITDA Net income Operating cash flow Adjusted EBITDA w
Slide 10: The start-up of leased units impacted our debt throughout 2025
The start-up of leased units impacted our debt throughout 2025 — The increase is mainly due to the start-up of FPSOs Alexandre de Gusmão and Almirante Tamandaré, as well as borrowings Financing in the local US$ billion 75.5 market at competitive 68.1 costs: Leasing 63.2 62.6 64.5 58.7 60.3 a public
Slide 11: Our investments are linked to deliveries that sustain our production curve
Our investments are linked to deliveries that sustain our production curve — In 2025 85% of Capex was deployed in E&P We have already connected 48 wells, surpassing the total CAPEX EVOLUTION number of connections in 2024 US$ billion Two new units: FPSO Alexandre Gusmão and FPSO Almirante Tamandaré A
Slide 12: Execution of Capex is essential for the growth of our production curve
Execution of Capex is essential for the growth of our production curve — An appropriate maintenance schedule and efficient reservoir OIL1 PRODUCTION - management also contribute to the growth of the curve BRAZIL MMbpd Oil1 production in Brazil in July 2.47 million barrels per day 2.47 + 380 thousand
Slide 13: Commitment to distributing results
Commitment to distributing results — Strong Shareholder Remuneration Policy ensures dividends consistent with different oil prices DIVIDENDS 2Q25 PAYMENT ASSUMPTIONS R$ 8.7 billion 1st installment on 11/21 • Financial Sustainability of the Company R$ 0.67 per share • IE: R$ 0.34 per share • Capital
Slide 14: Our contribution to society in 2Q25
Our contribution to society in 2Q25 — R$ 66 billion in taxes FEDERAL TAXES STATE TAXES R$ 22.7 billion R$ 27.5 billion MUNICIPAL TAXES GOVERNMENT TAKE R$ 0.4 billion R$ 15.4 billion Obs.: Cash perspective 14
Slide 15: Petrobras
— Ld] PETROBRAS