Petrobras announced on April 16 the decisions made at its Annual General Meeting, which included the approval of financial statements for the year ending December 31, 2025, and several key elections and appointments.
The meeting is significant as it sets Petrobras’s direction for the coming year, addressing financial results, leadership roles, and governance structures that affect shareholders and company operations.
Shareholders approved the management report and audited financial statements for 2025. The capital budget for 2026 was also approved. Regarding profit distribution, Petrobras will pay complementary remuneration in two installments: one on May 20, 2026, and another on June 22, 2026. Each payment will be R$0.32626409 per share for both ordinary and preferred shares.
The board of directors was set at eleven members. Eight were elected through a multiple vote process: Fábio Henrique Bittes Terra, Guilherme Santos Mello, José Fernando Coura, José João Abdalla Filho, Magda Maria de Regina Chambriard, Marcelo Gasparino da Silva, Marcelo Weick Pogliese, and Renato Campos Galuppo. Francisco Petros Oliveira Lima Papathanasiadis was elected by minority holders of ordinary shares; Rachel de Oliveira Maia by preferred shareholders; Rosangela Buzanelli Torres by employees.
Four directors—José Fernando Coura, José João Abdalla Filho, Marcelo Gasparino da Silva and Renato Campos Galuppo—were designated as independent board members. Guilherme Santos Mello was chosen as president of the board.
Five members were appointed to the fiscal council with their respective alternates representing controlling shareholders or minority groups. Compensation limits were set according to federal guidelines: up to R$57 million for administrators between April 2026 and March 2027; up to R$1.4 million for fiscal councilors; up to R$3.7 million for statutory audit committee members; up to R$4.6 million for conglomerate audit committee members; and up to R$2.9 million for other statutory committees supporting the board.
