Petroleo Brasileiro SA Petrobras, also known as Petrobras, has officially concluded its Share Buyback Program as of August 5, 2024. The program, which was initially announced on August 4, 2023, was completed within the 12-month period as planned. Petrobras successfully repurchased 155,468,500 preferred shares for a total cost of R$5.6 billion, which represents approximately 3.5% of the preferred shares' free float. The company has stated that the shares acquired will be cancelled in the future by a resolution of the Board of Directors, but this will not result in a reduction of the share capital. The buyback aligns with the company's Shareholder Remuneration Policy. Petrobras has cautioned that this document may contain forward-looking statements that are subject to risks and uncertainties, and that actual results may differ from those currently anticipated.

Petroleo Brasileiro SA Petrobras, also known as Petrobras, has officially concluded its Share Buyback Program as of August 5, 2024. The program, which was initially announced on August 4, 2023, was completed within the 12-month period as planned. Petrobras successfully repurchased 155,468,500 preferred shares for a total cost of R$5.6 billion, which represents approximately 3.5% of the preferred shares' free float. The company has stated that the shares acquired will be cancelled in the future by a resolution of the Board of Directors, but this will not result in a reduction of the share capital. The buyback aligns with the company's Shareholder Remuneration Policy. Petrobras has cautioned that this document may contain forward-looking statements that are subject to risks and uncertainties, and that actual results may differ from those currently anticipated.