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Investor Relations

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Frequently Asked Questions

See frequently asked questions and answers about our operations and the capital market.

Shares

How can shareholders obtain assistance?

The bookkeeping of Petrobras shares is carried out by Bradesco bank, which also provides services to Petrobras shareholders through its branch network across the entire national territory.  Therefore, for services such as shareholding position inquiries, registration updates, shareholding or dividend statements, income tax reports, and conversion of bearer shares, shareholders must visit a Bradesco bank branch and request specific assistance for Petrobras book-entry shareholders from branch management.

Website for information: www.bradescocustodia.com.br.

In-person service: Bradesco bank branch network throughout Brazil

Telephone service: 0800 701 1616

Shareholder service e-mail: bcsf.escrituracao@bradesco.com.br

If you have any other questions, please contact Petrobras shareholder services by e-mail: acionistas@petrobras.com.br

Who is the custodian of Petrobras shares?

The custodian is responsible for safekeeping securities, marketable securities, and financial assets on behalf of its clients, and for carrying out transactions (purchase/sale, transfer, deposit, or withdrawal) in accordance with the client’s instructions, ensuring the proper registration of share ownership in the name of their holders.

Shareholders who trade on B3 through a brokerage firm hold their shares in central depository custody at CBLC/B3, B3’s clearinghouse.

Other Petrobras shareholders hold their shares in book-entry custody — outside the stock exchange environment — i.e., within the book-entry share system, currently managed by Bradesco bank, Petrobras’ primary custodian.

How can I check my shareholding position?

Shareholders who purchased shares through a brokerage firm (central depository custody at CBLC/B3) should check their position with the financial institution through which the investments were made or through the B3 Investor Area. Brokerage firms usually provide apps or websites that allow shareholders to access information about their investment accounts.

Shareholders with book-entry custody should obtain this information from Bradesco bank, which serves as the share registrar for Petrobras. Through the Bradesco – Digital Documents platform, Bradesco bank provides statements of shareholding position for Petrobras book-entry shareholders whenever there is share movement, as well as the annual income statement by the last business day of February of the calendar year for income tax reporting purposes. To access the platform, it is essential that the shareholder’s registration data be up to date. If access is not possible, the shareholder should update their information at any Bradesco bank branch. In addition, book-entry shareholders may, at any time, visit a Bradesco bank branch and request a statement of their Petrobras shareholding position.

Further information can be obtained through Bradesco’s bank customer service center: 0800 701 1616.

How can I find out the shareholding position of a deceased relative who was a shareholder?

For shareholders who purchased shares through a brokerage firm (central depository custody at CBLC/B3), B3 provides an online process to request a current estate position. Please refer to the information on who may request it, required documents, and service deadlines on the Service Catalog – Investor Historical Search website.

For shareholders with book-entry custody, the information must be obtained from Bradesco bank, the registrar of Petrobras shares, through a request for a search of Petrobras book-entry/registered assets. To do so, the heir or legal representative must go to any Bradesco bank branch with their personal documents (ID, CPF (Brazilian Individual Taxpayer Registry), recent proof of residence, and recent banking details), as well as the document that qualifies them as the estate’s representative (such as a statement of executorship, court order, public deed of partition, formal partition document, or similar), the personal documents of the deceased shareholder (ID, CPF (Brazilian Individual Taxpayer Registry), proof of address, and death certificate), and a copy of a document proving ownership of the shares in the name of the deceased shareholder and indicating the shares subject to the search (such as proof of share acquisition, transaction statement, or income report issued by the registrar bank).

Where are Petrobras shares listed?

In Brazil, Petrobras shares are listed on B3 – Brasil, Bolsa, Balcão S.A. Abroad, Petrobras is listed through Depositary Receipts programs in the United States, on the New York Stock Exchange (NYSE), and in Spain, in the LATIBEX segment of the Madrid Stock Exchange.

What are Petrobras’ ticker symbols?

On B3 S.A. – Brasil, Bolsa, Balcão, Petrobras shares are traded under the tickers PETR3 (common shares – ON) and PETR4 (preferred shares – PN).

On international markets, the receipts representing Petrobras common and preferred shares are traded, respectively, under the following tickers: PBR and PBRA in the United States; and XPBR and XPBRA in Spain.

What is the difference between common and preferred shares?

Petrobras common shares (ON – ticker on B3: PETR3) grant voting rights at Shareholders’ Meetings.

Petrobras preferred shares (PN – ticker on B3: PETR4) do not grant voting rights, except for: (i) the right to appoint one member of Petrobras’ Board of Directors and one member of the Fiscal Council; and (ii) in certain matters relating to preferred shares (such as creation, increasing, changes in the preferences or creation of a new class), whenever rights of holders of preferred shares are adversely affected. In return, holders of preferred shares enjoy other advantages, including the right to receive distributions on a priority basis and at the minimum percentages established in the Bylaws, provided the company records profit in the fiscal year.

See more information about our shareholders’ rights in Petrobras’ Bylaws.

How do I buy and sell shares?

First, it is important to note that investments in equities (variable income) carry inherent market risks and may result in financial losses for the investor.

If you are a beginner investor, we suggest visiting some B3’s websites, which offer online courses and guidance that can help you obtain more information about investments: www.b3.com.br and https://edu.b3.com.br/

Share trading must be carried out through brokerage firms, which execute buy and sell orders on B3 on behalf of the investor. To find information about banks or brokers registered with B3, please , access the page Participants | B3.

Investors may place orders to buy and sell Petrobras shares through the brokerage firm they hired or directly through the internet using the home broker service offered by most brokers. It is advisable to check in advance the brokerage fees and exchange charges, which can be obtained from the selected broker.

Investments in the stock market may also be made through the acquisition of units in investment funds that invest in Petrobras shares. In this case, the investor is not a direct shareholder of Petrobras, but rather a unitholder of an investment fund. Distributions are paid to the fund and reinvested in new shares, enabling capital gains for the investor. In other words, there is no direct distribution of proceeds to fund unitholders. Investment funds are managed by financial institutions, and Petrobras has no involvement in the management of any funds and is not responsible for their performance. Petrobras also does not have information about investors in this type of investment.

Can I safely trade shares through my bank?

Most large commercial banks have securities brokerage firms authorized to operate in the financial market. However, by regulatory requirements, the brokerage firm is a legally separate entity from the bank. When you “trades shares through a bank,” you are actually trading through the bank’s brokerage firm, where the investor will have their own registration and investment account. The rules applicable to these brokerage firms are the same as those applicable to all others.

What is the standard trading lot for Petrobras shares on B3?

Shares of publicly traded companies are traded in standard lots, in quantities pre-established by the stock exchange. The standard lot for Petrobras shares traded in the Brazilian market is 100 shares. However, it is possible to trade a smaller number of shares in the so-called odd-lot market, where Petrobras share tickers are PETR3F (common shares) and PETR4F (preferred shares). In the odd-lot market, liquidity (the ease of buying or selling the share) is usually lower, which may affect share prices. For more information, please visit: https://borainvestir.b3.com.br/glossario/acao-fracionada/

How can I check Petrobras share prices?

On this website, we provide a section with quotations for shares traded on B3 and for Petrobras American Depositary Receipts (ADRs), traded on the New York Stock Exchange (NYSE): https://www.investidorpetrobras.com.br/en/shares-dividends-and-debts/shares/. Please note that this information is subject to a 15-minute delay.

Additionally, quotations for the last 20 days of any company traded on B3 can be accessed at: https://www.b3.com.br/en_us/market-data-and-indices/data-services/market-data/reports/daily-bulletin/chapters-of-the-daily-bulletin/
For historical data, from 1986 to the present, please consult the B3 Museum’s website archive: https://mub3.org.br/centro-referencia/acervo.

  • Click on “Collection”;
  • Select the desired search period and click “Apply filter”;
  • Download the “Daily Information Bulletin” for the selected date;
  • In the downloaded bulletin, search for the closing price of the share in the spot market and standard lot, using the B3 ticker (e.g., PETR3 or PETR4).

If the Daily Information Bulletin is not available for the selected date at the link above, please consult B3’s historical price series. The historical data can be downloaded from the B3 website at: https://www.b3.com.br/en_us/market-data-and-indices/data-services/market-data/historical-data/equities/historical-quote-data/

 

 

I found old bearer preferred share certificates issued by Petrobras. What should I do?

Bearer shares were a type of share certificate that did not include the name of the shareholder or owner, and therefore belonged to whoever physically held the certificate. Due to the specific nature of these instruments, Petrobras does not have information about their holders.

Bearer shares were discontinued by Law No. 8,201/90, due to the need to identify the beneficial owners of such securities. Shareholders were required to contact the issuing companies to convert them into registered book-entry shares. At the time the law came into effect, holders of bearer shares were called upon to convert them to the new book-entry system and to complete a shareholder registration with all necessary personal, contact, and financial information for proper identification.

Although the law prohibited the issuance of new bearer shares, it did not revoke those already in existence. As such, Petrobras still has outstanding bearer preferred shares issued prior to the enactment of this law, held by shareholders who did not complete the conversion to the book-entry system.

Therefore, if you hold bearer preferred shares issued by Petrobras, they must be converted into registered book-entry form. To do so, we recommend presenting the original bearer share certificates (together with their coupons), along with your identification documents and proof of residence and bank details, at any Bradesco bank branch, in order to complete the conversion.

The conversion process for bearer share certificates aims to update such shares to the current form — registered book-entry shares — taking into account all corporate events resolved or declared by the Company from the date of issuance of the certificates to the present day.

Shareholder Remuneration

What is Petrobras’ Shareholder Remuneration Policy?

Click here to access Petrobras’ Shareholder Remuneration Policy in full.

Where can I find information on dividends and interest on equity declared, paid, and payable by Petrobras?

You can find this information in the Dividends and Interest on Equity section of this website.

How can I receive dividends and interest on equity?

Earnings (dividends and/or interest on equity), once declared by the company and made available to shareholders, will be paid to those shareholders who hold shares on the record date established for the respective distribution, provided their registration details are up to date with the custodian institution.

All payments of earnings related to Petrobras shares are made through Bradesco bank, the financial institution acting as registrar of Petrobras shares.

For shareholders whose shares are held directly at Bradesco bank (book-entry custody), dividends and interest on equity will be credited directly into the bank account registered in the shareholder’s records. If you have not received your earnings, your registration details may be outdated. To update them, please visit any Bradesco bank branch with your identification documents, proof of residence, and bank details.

Shareholders who invest through a brokerage firm (central depository custody at CBLC/B3) will also receive their earnings in the bank account registered with that institution. In this case, Bradesco will transfer the payment to B3, which will then pass it on to the beneficial shareholders through the respective brokerage firms.

Holders of American Depositary Receipts (ADRs) will receive their earnings through JP Morgan Chase Bank, the depositary bank for Petrobras ADRs, at a later date than shareholders in Brazil, due to the procedures involved in foreign exchange transactions. Further information can be obtained at www.adr.com.

Unclaimed earnings expire within three (3) years from the date they are made available to shareholders (Law No. 6,404/76, Article 287, item II(a)).

To check the dates and amounts of earnings made available to Petrobras shareholders, please visit: https://www.investidorpetrobras.com.br/en/shares-dividends-and-debts/dividends/

American Depositary Receipt (ADR)

What is an ADR?

An American Depositary Receipt (ADR) is a certificate issued by U.S. banks that represents shares of a non-U.S. company. Many Brazilian companies have their shares traded on the New York Stock Exchange (NYSE) through this instrument. This provides the company with greater visibility in international markets and may facilitate access to funding abroad, either through loans or the issuance of new shares.

Petrobras ADRs are traded on the New York Stock Exchange (NYSE) under the tickers PBR (common shares) and PBRA (preferred shares).

For more information about ADRs, please visit the JPMorgan Chase Bank webpage, the depositary bank for Petrobras securities in the United States.

What is Petrobras’ ADR ratio?

The ADR ratio is the number of shares represented by a single ADR. In the case of Petrobras ADRs (both common and preferred), the ratio is 1:2 (each ADR represents two shares).

As a Brazilian investor, can I invest in ADRs?

Only investors who hold an account with a brokerage firm abroad (either individuals or legal entities) may buy and sell ADRs. Opening such an account by a Brazilian citizen is lawful, provided it is properly declared and complies with applicable domestic tax regulations. Funds may only be transferred abroad through financial institutions authorized to operate in foreign exchange, and if the amount exceeds USD 10,000, the Central Bank of Brazil must be notified.

We recommend verifying the procedures and legal and tax implications of such investments with the foreign financial institution to be engaged by the investor.

Who is the depositary bank for Petrobras ADRs?

The depositary for Petrobras’ ADR program on the NYSE is JPMorgan Chase Bank. As depositary, JPMorgan Chase Bank is responsible for issuing the ADRs, maintaining the ownership records, registering transactions, and distributing earnings in U.S. dollars to ADR holders.

Further information about Petrobras’ ADR program can be obtained directly from the depositary bank at www.adr.com.

Other Topics

What are Petrobras Bearer Bond certificates (“Obrigações ao Portador”)?

These were fixed-income securities issued by Petrobras in the 1950s, which paid semiannual interest and lost their value for holders who did not exercise their right to redeem them or convert them into shares in the following decade. Therefore, they are not shares, but rather fixed-income securities with a maturity defined in their terms and conditions, as indicated on the back of the certificates. The rights represented by these securities have expired, and they no longer hold any financial value.

Petrobras Bearer Bonds (“Obrigações ao Portador”) were valid on the dates specified; however, they no longer have any trading value, nor can they currently be redeemed or converted into shares, as they have lapsed due to the statute of limitations.

Bearer Bonds issued by Petrobras were established under Article 15 of Law No. 2,004/53, dated October 3, 1953, and resulted from a compulsory annual contribution imposed on vehicle owners between 1954 and 1957. These securities could have been redeemed or converted into preferred shares issued by Petrobras within the period established by the Company, provided that bondholders met the requirements set forth in the Brazilian Corporation Law and Article 18 of Law No. 2,004/53.

To facilitate conversion, Petrobras carried out public share subscription offerings to increase its share capital between 1957 and 1963. Assistance to investors interested in redeeming the bonds or converting them into Petrobras shares was provided nationwide through an extensive network of banking institutions, following public announcements in the press.

Accordingly, bondholders who did not take action within the prescribed timeframe may no longer claim redemption or request conversion, as they failed to exercise their rights within the legal deadline and under the conditions stated on the certificates, resulting in the expiration of such securities.

How can I learn more about Petrobras’ future investments?

Petrobras reviews and discloses its Business Plan annually, including forecast investments for the next five-year period. During the plan preparation process, the Board of Directors takes part in discussions with the technical areas and the Executive Board, and the company’s future investments are outlined based on its strategic positioning. Throughout this analysis and planning process, numerous projects are evaluated by the Company’s technical teams and management, which may include the acquisition of assets or equity interests in other companies.

You can find the planned investments for the next five years and the presentation of the most recently disclosed plan at: https://petrobras.com.br/en/quem-somos/estrategia and in Presentations.

What is Petrobras’ governance structure like?

As a publicly traded company, we comply with the rules of the Brazilian Securities and Exchange Commission (CVM) and B3 in Brazil. Abroad, we comply with the rules of the U.S Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE) in the United States, and of Latibex of Bolsas y Mercados Españoles in Spain. We follow governance procedures that are compatible with the rules of the markets in which we operate in order to ensure the adoption of international standards of transparency.

Petrobras’ corporate governance structure is composed of the General Shareholders’ Meeting, Fiscal Council, Board of Directors and its committees, Audits, the General Ombudsman’s Office, the Executive Board, and its committees.

More information can be found in the Governance section of this website.

Where can I find more information about Petrobras’ sustainability efforts?

We assume different strategic objectives to operate our businesses with integrity and in sustainable manner with safety, seeking decreasing emissions, promoting diversity and social development, and contributing to a fair energy transition.

Further information is available in the Environment and Social sections of this website or at: https://petrobras.com.br/en/sustentabilidade.


Last updated on March 11, 2021.
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