Petrobras : Performance 4Q23

2023

A year of records

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4Q23 Performance Webcast

March 8, 2024

Vivian Palmeira

Disclaimer

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The presentation may contain forward-looking statements about future events that are not based on historical facts and are not assurances of future results. Such forward-

looking statements merely reflect the Company's current views and estimates of

future economic circumstances, industry conditions, company performance and financial results. Such terms as "anticipate", "believe", "expect", "forecast", "intend", "plan", "project", "seek", "should", along with similar or analogous expressions, are used to identify such forward-looking statements. Readers are cautioned that these statements are only projections and may differ materially from actual future results or events. Readers are referred to the documents filed by the Company with the SEC, specifically the Company's most recent Annual Report on Form 20-F, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including, among other things, risks relating to general economic and business conditions, including crude oil and other commodity prices, refining margins and prevailing exchange rates, uncertainties inherent in making estimates of our oil and gas reserves including recently discovered oil and gas reserves,

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international and Brazilian political, economic and social developments, receipt of governmental approvals and licenses and our ability to obtain financing.

We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason. Figures for 4Q23 on are estimates or targets.

All forward-looking statements are expressly qualified in their entirety by this cautionary statement, and you should not place reliance on any forward-looking statement contained in this presentation.

In addition, this presentation also contains certain financial measures that are not recognized under Brazilian GAAP or IFRS. These measures do not have standardized meanings and may not be comparable to similarly-titled measures provided by other companies. We are providing these measures because we use them as a measure of company performance; they should not be considered in isolation or as a substitute for other financial measures that have been disclosed in accordance with Brazilian GAAP or IFRS.

NON-SEC COMPLIANT OIL

AND GAS RESERVES:

CAUTIONARY

STATEMENT FOR US

INVESTORS

We present certain data in this presentation, such as oil and gas resources, that we are not permitted to present in documents filed with the United States Securities and Exchange Commission (SEC) under new Subpart 1200 to Regulation S-K because such terms do not qualify as proved, probable or possible reserves under Rule 4-10(a) of Regulation S-X.

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Thaís Pessanha

Corporate Highlights

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Clarice Coppetti

Chief Corporate Affairs Office

Corporate Affairs Highlights

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We took on 2,296 new employees in the Public Selection Processes, and completed the training of 1,194 employees in our Training Courses.

Creation of the Diversity, Equity and Inclusion Department, with targets approved in PE 24-28+,

increasing the percentage of women to 25% and the percentage of black people in leadership positions to 25% by 2030. In addition, we have the goal of doubling the number of people with disabilities in the workforce by 2030, with the ambition of reaching 5%, and 25% of women entering public selection processes by 2030.

Launch of the Diversity, Equity and Inclusion Policy, which provides for the fight against discrimination

and harassment and the adoption of affirmative actions to eliminate and remedy the effects of discrimination against under-represented groups.

We signed Terms of Cooperation with a Diversity Clause - the first Terms of Technological

Cooperation to include Diversity clauses. They establish that the team carrying out research projects in the areas of Science, Technology, Engineering and Mathematics must have at least 40% women, black people, indigenous people, quilombola and people with disabilities.

We won the Think Work Flash Innovations award in the Employee Experience category and the "Gold Excellence Certification" in the 2023 National Quality of Life Awards.

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Corporate Affairs Highlights

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Start-up of the Gaia, Gemini, Albacora and Cazarin supercomputers, designed to minimize energy

consumption (energy eco-efficiency) and reduce the processing time of our oil and gas reservoir simulations, with potentially significant productivity gains.

We carry out training in "Human Rights in ISC: a look at caring for people", for the work of security

professionals, Integrity and Corporate Security - ISC, with a focus on Human Rights.

Regionalization - In order to take advantage of regional potential, we reopened the Pituba Tower (Salvador/BA) and took over the building management of EDIRN (Natal/RN).

Artificial Intelligence - AI , we deployed ChatPetrobras generative text AI models available as an API - Application Programming Interface - through the Petrobras AI Models Hub.

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Actions aimed at women in the workforce

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• We designed and implemented the Petrobras Program Against Sexual Violence, which centralizes and monitors the implementation of actions to combat harassment, bullying and sexual violence.
• We set Diversity, Equity and Inclusion Goals

• We joined the Brazil without Misogyny Initiative

• We implement Women's Mentoring Programs
• We have increased the number of Breastfeeding Rooms
• We have included a Diversity Clause in our Terms of Cooperation

Adriane de Lima

WELCOMING CHANNEL - For people

affected by violence at work

Actions aimed at active listening and favoring the protagonism of the person seeking care, strengthening their decision- making and promoting comprehensive health care.

• 24 hours I 7 days a week
• Attendance by health professionals
• Secrecy and confidentiality
• Available to the entire workforce
• Victim I Whistleblower I Co-workers I Leadership I Reported

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Commitment to Life Program

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Water safety studies and

optimization of water use in refineries

Conclusion of the circular economy study for new oil sludge recovery routes

• 36 units with biodiversity action plans

+3,000 outreach actions implemented based on HSE lessons learned

+700,000 hours of HSE training carried out by 2023

E Environmental S Social G Governance

• 32 operational units with Dynamic Management of process safety barriers implemented
• 60,000 members of the workforce underwent Human Factors training.

Environmental emergency drill

successfully carried out on the equatorial margin

+6,000 leaders trained in Mental Health

3,000 registered for the Petrobras

Running and Walking Circuit in the RJ

stage

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Social Responsibility

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Signing of the Technical Cooperation Agreement with the Ministry of Human Rights and Citizenship

with the aim of promoting the improvement of public policies and corporate governance practices in relation to Human

Rights.

Launch of our Racial Equity Program

with the aim of positioning the company as a reference in the promotion of racial equity in the Brazilian corporate environment, as well as contributing to the achievement of the PE 2024-2028+objectives and to the strengthening of Brazilian public policies.

Launch of the Second Stage of the 2023 Public Selection for the Petrobras Socio-Environmental Program

The two stages total R$432 million to be invested in around 60 projects over the three years.

Updating our Social Responsibility Policy

which establishes guidelines for the company's actions on ESG, in line with the PE 2024-2028+.

Recognition of our Sustainability Report as one of the top ten for 2023 Vivian Palmeira

according to the Reporting Matters methodology, evaluated in Brazil by CEBDS - Brazilian Business Council for Sustainable Development.

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Financial Highlights

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Sergio Leite	Fernanda Freitas
e Milena Frej
Chief Financial and Investor Relations Officer

Our appreciation in the market is reflected in shareholder remuneration and the return to society

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	112.4		TSR1
89.1			%
				Majors
		-6.2	20.2		14.2	6.0
			-13.6
Petrbras Petrobras	Exxon	Shell	Chevron	Total	BP
ON	PN

RECORD MARKET AND	REMUNERATION TO
SHARE VALUES	SHAREHOLDERS
+ R$ 150 billion	US$ 20.4 billion
growing throughout	we paid out US$ 19.7
2023	billion in dividends and
	US$ 0.7 billion in share
	buybacks

RETURN TO SOCIETY

R$ 240 billion in taxes

R$ 36.6 billion in dividends

R$ 54 billion in asset appreciation2

1The total shareholder return shows the total return on shares traded in the US in 2023, considering the reinvestment of dividends paid at the spot price

2 Corresponds to the change in the market value of the controlling group's stake

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