Petrobras 6-K Filing - Q1 2026 Operational Highlights

Petrobras reported record-breaking performance in Q1 2026, with average oil, NGL, and natural gas production reaching 3.23 MMboed, a 3.7% increase from Q4 2025 and a 16.1% increase from Q1 2025. This growth was driven by the ramp-up of new FPSOs in the Búzios and Mero fields, increased operational efficiency, and reduced maintenance shutdowns. The company also achieved significant milestones in oil and gas exports, with record daily production and gas export volumes from Búzios and Mero fields, and record daily gas export from platforms in the Santos Basin. In the Refining, Transportation, and Marketing segment, total oil product output increased by 6.7% to 1,816 Mbpd, with notable growth in diesel, jet fuel, and gasoline production. The refining system utilization factor reached 95%, the highest since December 2014. Petrobras also reduced LPG imports to their lowest volume since 2026 due to increased production at the Boaventura Energies Complex. The company signed a contract with Vale for S10 diesel supply and explored low-carbon business opportunities. In the Gas and Low Carbon Energies segment, natural gas sales increased by 2.2%, and electricity sales saw a significant rise of 45.1%. Petrobras contracted nine thermoelectric plants for the 2026 LRCAP, totaling approximately 2.6 GW of firm power. The company also reported on its atmospheric emissions, with GHG-O&G emissions at 12.3 million tons in Q1 2026, a slight increase from the previous year, while maintaining stable E&P GHGI and a slight increase in Refining GHGI due to methodology improvements.