Petrobras Clarifies News About Business Plan 2025-2029

Petrobras, in relation to the news published in the media on Monday (11/18/2024), informs that the proposal for the 2025-2029 Business Plan was deliberated by its Executive Board on 11/06/2024, but will still be considered by the Board of Directors (BoD), the competent board to approve the subject, at a meeting scheduled for 11/21/2024.

The proposal for the 2025-2029 Business Plan, which will be examined by the Board of Directors, provides for the company's next five-year cycle:

• Total investments of US$ 111B.
• Investments of around US$ 77B in the Exploration & Production segment, of which US$ 7.9B in Exploration.
• Projected total production of 3.2 million barrels of oil and gas equivalent per day (boed).
• Investments of around US$ 20B in the Refining, Transportation, Marketing, Petrochemicals and Fertilizers (RTC) segment.
• Projection of ordinary dividends with a range starting at US$ 45B and flexibility for extraordinary payments of up to US$ 10B over the period of the Plan.

Additional information reported in the article is inaccurate or incorrect.

Petrobras reinforces that the proposal for the 2050 Strategic Plan and the 2025-2029 Business Plan will be submitted for approval by the Board of Directors and once approved, communicated to the market in due course.