Petrobras Financial Performance in 1Q24

Rio de Janeiro, May 13, 2024

Main highlights:

• Consistent results: adjusted EBITDA of US$ 12.1 billion, Operating Cash Flow (FCO) of
  US$ 9.4 billion and Net profit of US$ 4.8 billion.
• Financial debt at US$ 27.7 billion, the lowest level since 2010. Gross debt is under
  control at US$61.8 billion, within the range established in our Strategic Plan.
• Return to society with payment of R$ 68.2 billion in taxes.
• In line with our commitment to distributing the results generated and the company’s financial sustainability, shareholder remuneration for 1Q24 totaled R$ 14.60 billion, including R$ 1.15 billion in share buybacks and R$ 13.45 billion in dividends and interest on capital.
• Production milestone in Búzios: cumulative production of 1 billion barrels of oil with five
  platforms: P-74, P-75, P-76, P-77, and Almirante Barroso.
• High utilization of the refining facilities with value generation: utilization factor reached
  92% with a yield of 67% for diesel, jet fuel, and gasoline.
• Expansion of the offer of more sustainable products: start of marketing of R5 diesel with
  renewable content and establishment of a partnership for the sale of CAP Pro W
  asphalt.
• Acquisition of I-RECs (Renewable Energy Certificates): certifies that all the electricity
  acquired by Petrobras for the development of its activities has been generated by
  renewable sources (neutrality of scope 2 emissions in 2023).

Check here our 1Q24 Earnings Release.

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