31/01/2024 - PETROBRAS - Petróleo Brasileiro SA: Deep Dive Petrobras 2024 (January 31st)

Disclaimer

You must read the following before continuing. The following applies to this document, the oral presentation of the information in this document by Petróleo Brasileiro S.A. - Petrobras (together with its subsidiaries, the "Company") or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation.

By receiving these materials and/or attending this presentation, you agree to be bound by the following terms and conditions and acknowledge the statements below.

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These materials contain non-IFRS financial measures used by the Company's management when evaluating results of operations. The Company's management believes these measures also provide useful

comparisons of current results of operations with past and future periods. Non-IFRS financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies.

These materials may contain forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward- looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like "believe", "anticipate", "expect", "envisages", "will likely result", or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. In no event, neither the Company nor any of its affiliates, directors, officers, agents or employees shall be liable before any third party for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages.

CAUTIONARY

STATEMENT

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We present certain data in this presentation, such as oil and gas resources and reserves, that are not prepared in accordance with the United

States Securities and Exchange Commission (SEC) guidelines under Subpart 1200 to Regulation S-K, and are not disclosed in documents filed with the SEC, because such resources and reserves do not qualify as proved, probable or possible reserves under Rule 4-10(a) of Regulation S-X.

We expect lower world demand in the transportation segment and an increase in petrochemical demand

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Note: Petrobras' models, using Wood Mackenzie, IHS and IEA data as a reference.

Reference scenario projection used to elaborate the Plan. Petrobras also considers alternative scenarios, with different energy transition paces

2021

MMbpd

Petrochemical15

2050

15

13

9

22

6

SCOPES 1 AND 2 - PETROBRAS OPERATIONAL EMISSIONS TRAJECTORY

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7

LOW CARBON CAPEX 2024-2028 - PROMOTING DECARBONIZATION ACROSS THE VALUE CHAIN

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US$ 11.5 billion (11% of total CAPEX)

8

CARBON NEUTRAL PROGRAM AND DEDICATED BUDGET

LEVERAGING SOLUTIONS FOR THE NET ZERO TRAJECTORY

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9

CARBON CREDIT AS A COMPLEMENTARY TOOL

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EXPANDING THE CONTRIBUTION TO THE MAINTENANCE OF STANDING FORESTS AND THE RESTORATION OF ECOSYSTEMS

• Strict criteria for credit selection: only credits of high quality and integrity
• Priority for credits generated in Brazilian biomes, with socioeconomic co-benefits
• Compensation aligned with international best practices
• Transparency and traceability

COMPLEMENTARY STRATEGY TO INTRINSIC DECARBONISATION

IN ADDITION:

Voluntary social responsibility portfolio: contribution to 106 conservation units and 20 indigenous lands and quilombola territories

Investments in protected areas by licensing (SNUC*): ~R$ 3 billion committed

10 * National System of Nature Conservation Units