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PETROLEO BRASILEIRO SA 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 04 October 2026.

129Reported items
126Asset managers
7,713Fund votes
2025-04-16Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore PETROLEO BRASILEIRO SA in the interactive database Compare manager voting policies

How asset managers voted at the PETROLEO BRASILEIRO SA 2024-2025 meeting

Each item below shows how the 126 asset managers that disclosed a PETROLEO BRASILEIRO SA vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of PETROLEO BRASILEIRO SA’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Pietro Adamo Sampaio Mendes as Board Chair

CORPORATE GOVERNANCE

1% fund support · no official result

AGAINST 99%

The 69 asset managers below cast 1% of the shares they voted on this item FOR (5,274,265 for, 421,929,924 against).

FOR: 5,274,265 (1.2%)AGAINST: 421,929,924 (98.8%)

Largest asset managers voting on “Elect Pietro Adamo Sampaio Mendes as Board Chair” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	0	114,931,701	Against
Goldman Sachs	0	72,739,026	Against
Advisors' Inner Circle Fund III	319,868	63,122,440	Against
Fidelity	0	47,200,056	Against
Dimensional	0	32,800,327	Against
Charles Schwab	0	23,970,610	Against
MFS	0	7,901,373	Against
Thornburg	0	7,612,740	Against
TIAA	0	7,374,873	Against
T. Rowe Price	0	4,777,409	Against
Hartford	0	4,769,567	Against
State Street	0	4,751,657	Against
Lazard	0	4,720,496	Against
RWC ASSET ADVISORS (US) LLC	4,227,119	0	For
Delaware/Macquarie	0	3,200,000	Against
American Century	0	2,249,485	Against
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Against
Franklin Templeton	0	2,026,200	Against
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Against
Perpetual Americas Funds Trust	0	1,482,035	Against
DWS	0	1,212,568	Against
Russell Investments	0	1,207,490	Against
Equitable	34,166	1,044,248	Against
Northern Trust	0	940,734	Against
Dodge & Cox	0	907,743	Against

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

2. Approve Remuneration of Company's Management, Fiscal Council, and Statutory Advisory Committees

COMPENSATION

30% fund support · no official result

FOR 30%AGAINST 70%

The 61 asset managers below cast 30% of the shares they voted on this item FOR (113,633,709 for, 270,469,156 against).

FOR: 113,633,709 (29.6%)AGAINST: 270,469,156 (70.4%)

Largest asset managers voting on “Approve Remuneration of Company's Management, Fiscal Council, and Statutory Advisory Committees” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	105,752,426	0	For
Goldman Sachs	0	72,739,026	Against
Advisors' Inner Circle Fund III	0	62,174,561	Against
Fidelity	0	46,117,243	Against
Dimensional	0	32,800,327	Against
MFS	0	7,901,373	Against
Thornburg	0	7,612,740	Against
TIAA	7,374,873	0	For
T. Rowe Price	0	4,777,409	Against
State Street	0	4,751,657	Against
Lazard	0	4,720,496	Against
RWC ASSET ADVISORS (US) LLC	0	4,227,119	Against
Delaware/Macquarie	0	3,200,000	Against
American Century	0	2,249,485	Against
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Against
Franklin Templeton	0	2,026,200	Against
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Against
Perpetual Americas Funds Trust	0	1,482,035	Against
DWS	0	1,212,568	Against
Northern Trust	0	940,734	Against
Dodge & Cox	0	907,743	Against
Equitable	0	691,734	Against
Victory Capital	0	682,799	Against
Voya	0	609,612	Against
GMO	0	585,883	Against

Showing the 25 largest of 61 asset managers. See all 61 in the interactive database.

3. Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2024

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 99.9%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (383,989,755 for, 0 against).

FOR: 383,989,755 (100.0%)ABSTAIN: 107,510 (0.0%)

Largest asset managers voting on “Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2024” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
RWC ASSET ADVISORS (US) LLC	4,227,119	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

4. Amend Articles and Consolidate Bylaws

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (384,097,265 for, 0 against).

FOR: 384,097,265 (100.0%)

Largest asset managers voting on “Amend Articles and Consolidate Bylaws” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
RWC ASSET ADVISORS (US) LLC	4,227,119	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

5. Approve Allocation of Income and Dividends

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (384,097,265 for, 0 against).

FOR: 384,097,265 (100.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
RWC ASSET ADVISORS (US) LLC	4,227,119	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

6. Approve Classification of Aloisio Macario Ferreira de Souza as Independent Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (384,097,265 for, 0 against).

FOR: 384,097,265 (100.0%)

Largest asset managers voting on “Approve Classification of Aloisio Macario Ferreira de Souza as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
RWC ASSET ADVISORS (US) LLC	4,227,119	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

7. Approve Classification of Ivanyra Maura de Medeiros Correia as Independent Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (384,097,265 for, 0 against).

FOR: 384,097,265 (100.0%)

Largest asset managers voting on “Approve Classification of Ivanyra Maura de Medeiros Correia as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
RWC ASSET ADVISORS (US) LLC	4,227,119	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

8. Approve Classification of Jose Fernando Coura as Independent Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (384,097,265 for, 0 against).

FOR: 384,097,265 (100.0%)

Largest asset managers voting on “Approve Classification of Jose Fernando Coura as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
RWC ASSET ADVISORS (US) LLC	4,227,119	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

9. Approve Classification of Jose Joao Abdalla Filho as Independent Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (384,097,265 for, 0 against).

FOR: 384,097,265 (100.0%)

Largest asset managers voting on “Approve Classification of Jose Joao Abdalla Filho as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
RWC ASSET ADVISORS (US) LLC	4,227,119	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

10. Approve Classification of Rafael Ramalho Dubeux as Independent Director

DIRECTOR ELECTIONS

10% fund support · no official result

10%AGAINST 90%

The 60 asset managers below cast 10% of the shares they voted on this item FOR (38,167,955 for, 345,929,310 against).

FOR: 38,167,955 (9.9%)AGAINST: 345,929,310 (90.1%)

Largest asset managers voting on “Approve Classification of Rafael Ramalho Dubeux as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	0	105,752,426	Against
Goldman Sachs	0	72,739,026	Against
Advisors' Inner Circle Fund III	0	62,174,561	Against
Fidelity	29,328,139	16,789,104	For
Dimensional	0	32,800,327	Against
MFS	0	7,901,373	Against
Thornburg	0	7,612,740	Against
TIAA	7,374,873	0	For
T. Rowe Price	0	4,777,409	Against
State Street	0	4,751,657	Against
Lazard	0	4,720,496	Against
RWC ASSET ADVISORS (US) LLC	0	4,227,119	Against
Delaware/Macquarie	0	3,200,000	Against
American Century	0	2,249,485	Against
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Against
Franklin Templeton	0	2,026,200	Against
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Against
Perpetual Americas Funds Trust	0	1,482,035	Against
DWS	0	1,212,568	Against
Northern Trust	0	940,734	Against
Dodge & Cox	907,743	0	For
Equitable	0	691,734	Against
Victory Capital	0	682,799	Against
Voya	0	609,612	Against
GMO	0	585,883	Against

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

11. Approve Classification of Renato Campos Galuppo as Independent Director

DIRECTOR ELECTIONS

65% fund support · no official result

FOR 65%AGAINST 35%

The 60 asset managers below cast 65% of the shares they voted on this item FOR (249,529,996 for, 134,567,269 against).

FOR: 249,529,996 (65.0%)AGAINST: 134,567,269 (35.0%)

Largest asset managers voting on “Approve Classification of Renato Campos Galuppo as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	105,752,426	0	For
Goldman Sachs	26,450	72,712,576	Against
Advisors' Inner Circle Fund III	319,868	61,854,693	Against
Fidelity	46,117,243	0	For
Dimensional	32,800,327	0	For
MFS	7,901,373	0	For
Thornburg	7,612,740	0	For
TIAA	7,374,873	0	For
T. Rowe Price	4,777,409	0	For
State Street	4,751,657	0	For
Lazard	4,720,496	0	For
RWC ASSET ADVISORS (US) LLC	4,227,119	0	For
Delaware/Macquarie	3,200,000	0	For
American Century	2,249,485	0	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	0	For
Franklin Templeton	2,026,200	0	For
DRIEHAUS MUTUAL FUNDS	1,698,859	0	For
Perpetual Americas Funds Trust	1,482,035	0	For
DWS	1,212,568	0	For
Northern Trust	940,734	0	For
Dodge & Cox	907,743	0	For
Equitable	691,734	0	For
Victory Capital	682,799	0	For
Voya	609,612	0	For
GMO	585,883	0	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

12. Do You Wish to Adopt Cumulative Voting for the Election of the Members of the Board of Directors, Under the Terms of Article 141 of the Brazilian Corporate Law?

SHAREHOLDER RIGHTS AND DEFENSES

91% fund support · no official result

FOR 91%9%

The 60 asset managers below cast 91% of the shares they voted on this item FOR (348,296,326 for, 35,800,939 against).

FOR: 348,296,326 (90.7%)AGAINST: 35,800,939 (9.3%)

Largest asset managers voting on “Do You Wish to Adopt Cumulative Voting for the Election of the Members of the Board of Directors, Under the Te” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	105,752,426	0	For
Goldman Sachs	72,739,026	0	For
Advisors' Inner Circle Fund III	62,174,561	0	For
Fidelity	16,789,104	29,328,139	Against
Dimensional	32,800,327	0	For
MFS	7,901,373	0	For
Thornburg	7,612,740	0	For
TIAA	7,374,873	0	For
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Against
Lazard	4,720,496	0	For
RWC ASSET ADVISORS (US) LLC	4,227,119	0	For
Delaware/Macquarie	3,200,000	0	For
American Century	2,249,485	0	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	0	For
Franklin Templeton	2,026,200	0	For
DRIEHAUS MUTUAL FUNDS	1,698,859	0	For
Perpetual Americas Funds Trust	1,482,035	0	For
DWS	1,212,568	0	For
Northern Trust	940,734	0	For
Dodge & Cox	0	907,743	Against
Equitable	691,734	0	For
Victory Capital	682,799	0	For
Voya	609,612	0	For
GMO	585,883	0	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

13. Elect Directors

DIRECTOR ELECTIONS

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

0.2% fund support · no official result

AGAINST 99.8%

The 60 asset managers below cast 0.2% of the shares they voted on this item FOR.

FOR: 0.1%AGAINST: 99.9%

Largest asset managers voting on “Elect Directors” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Against	Vote
Vanguard	105,752,426	Against
Goldman Sachs	72,739,026	Against
Advisors' Inner Circle Fund III	62,174,561	Against
Fidelity	46,117,243	Against
Dimensional	32,800,327	Against
MFS	7,901,373	Against
Thornburg	7,612,740	Against
TIAA	7,374,873	Against
T. Rowe Price	4,777,409	Against
State Street	4,751,657	Against
Lazard	4,720,496	Against
RWC ASSET ADVISORS (US) LLC	4,227,119	Against
Delaware/Macquarie	3,200,000	Against
American Century	2,249,485	Against
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	Against
Franklin Templeton	2,026,200	Against
DRIEHAUS MUTUAL FUNDS	1,698,859	Against
Perpetual Americas Funds Trust	1,482,035	Against
DWS	1,212,568	Against
Northern Trust	940,734	Against
Dodge & Cox	907,743	Against
Equitable	691,734	Against
Victory Capital	682,799	Against
Voya	609,612	Against
GMO	585,883	Against

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

14. Elect Fiscal Council Members

COMPENSATION

100% fund support · no official result

8%ABSTAIN 92%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (29,885,339 for, 0 against).

FOR: 29,885,339 (7.8%)ABSTAIN: 354,211,926 (92.2%)

Largest asset managers voting on “Elect Fiscal Council Members” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	29,328,139	16,789,104	For
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	0	4,777,409	Abstain
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
RWC ASSET ADVISORS (US) LLC	0	4,227,119	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

15. Elect Ronaldo Dias as Fiscal Council Member and Ricardo Jose Martins Gimenez as Alternate Appointed by Minority Shareholder

AUDIT-RELATED

100% fund support · no official result

FOR 92%8%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (354,610,826 for, 0 against).

FOR: 354,610,826 (92.3%)ABSTAIN: 29,486,439 (7.7%)

Largest asset managers voting on “Elect Ronaldo Dias as Fiscal Council Member and Ricardo Jose Martins Gimenez as Alternate Appointed by Minorit” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	105,752,426	0	For
Goldman Sachs	72,739,026	0	For
Advisors' Inner Circle Fund III	62,174,561	0	For
Fidelity	16,789,104	29,328,139	Abstain
Dimensional	32,800,327	0	For
MFS	7,901,373	0	For
Thornburg	7,612,740	0	For
TIAA	7,374,873	0	For
T. Rowe Price	4,777,409	0	For
State Street	4,751,657	0	For
Lazard	4,720,496	0	For
RWC ASSET ADVISORS (US) LLC	4,227,119	0	For
Delaware/Macquarie	3,200,000	0	For
American Century	2,249,485	0	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	0	For
Franklin Templeton	2,026,200	0	For
DRIEHAUS MUTUAL FUNDS	1,698,859	0	For
Perpetual Americas Funds Trust	1,482,035	0	For
DWS	1,212,568	0	For
Northern Trust	940,734	0	For
Dodge & Cox	907,743	0	For
Equitable	691,734	0	For
Victory Capital	682,799	0	For
Voya	609,612	0	For
GMO	585,883	0	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

16. Fix Number of Fiscal Council Members at Five

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (384,097,265 for, 0 against).

FOR: 384,097,265 (100.0%)

Largest asset managers voting on “Fix Number of Fiscal Council Members at Five” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
RWC ASSET ADVISORS (US) LLC	4,227,119	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

17. In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below?

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (384,097,265 for, 0 against).

FOR: 384,097,265 (100.0%)

Largest asset managers voting on “In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below?” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
RWC ASSET ADVISORS (US) LLC	4,227,119	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

18. In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under Articles 161 and 240 of the Brazilian Corporate Law, May Your Votes Still Be Counted for the Proposed Slate?

CORPORATE GOVERNANCE

0% fund support · no official result

AGAINST 100%

The 60 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 384,097,265 against).

AGAINST: 384,097,265 (100.0%)

Largest asset managers voting on “In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Un” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Against	Vote
Vanguard	105,752,426	Against
Goldman Sachs	72,739,026	Against
Advisors' Inner Circle Fund III	62,174,561	Against
Fidelity	46,117,243	Against
Dimensional	32,800,327	Against
MFS	7,901,373	Against
Thornburg	7,612,740	Against
TIAA	7,374,873	Against
T. Rowe Price	4,777,409	Against
State Street	4,751,657	Against
Lazard	4,720,496	Against
RWC ASSET ADVISORS (US) LLC	4,227,119	Against
Delaware/Macquarie	3,200,000	Against
American Century	2,249,485	Against
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	Against
Franklin Templeton	2,026,200	Against
DRIEHAUS MUTUAL FUNDS	1,698,859	Against
Perpetual Americas Funds Trust	1,482,035	Against
DWS	1,212,568	Against
Northern Trust	940,734	Against
Dodge & Cox	907,743	Against
Equitable	691,734	Against
Victory Capital	682,799	Against
Voya	609,612	Against
GMO	585,883	Against

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

19. In Case There is Any Change to the Board Slate Composition, May Your Votes Still be Counted for the Proposed Slate?

CORPORATE GOVERNANCE

0% fund support · no official result

AGAINST 100%

The 60 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 384,097,265 against).

AGAINST: 384,097,265 (100.0%)

Largest asset managers voting on “In Case There is Any Change to the Board Slate Composition, May Your Votes Still be Counted for the Proposed S” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Against	Vote
Vanguard	105,752,426	Against
Goldman Sachs	72,739,026	Against
Advisors' Inner Circle Fund III	62,174,561	Against
Fidelity	46,117,243	Against
Dimensional	32,800,327	Against
MFS	7,901,373	Against
Thornburg	7,612,740	Against
TIAA	7,374,873	Against
T. Rowe Price	4,777,409	Against
State Street	4,751,657	Against
Lazard	4,720,496	Against
RWC ASSET ADVISORS (US) LLC	4,227,119	Against
Delaware/Macquarie	3,200,000	Against
American Century	2,249,485	Against
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	Against
Franklin Templeton	2,026,200	Against
DRIEHAUS MUTUAL FUNDS	1,698,859	Against
Perpetual Americas Funds Trust	1,482,035	Against
DWS	1,212,568	Against
Northern Trust	940,734	Against
Dodge & Cox	907,743	Against
Equitable	691,734	Against
Victory Capital	682,799	Against
Voya	609,612	Against
GMO	585,883	Against

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

20. In the Event of a Second Call, Can the Voting Instructions Contained in this Proxy Card Be Considered Valid for the Second Call?

CORPORATE GOVERNANCE

98% fund support · no official result

FOR 98%

The 60 asset managers below cast 98% of the shares they voted on this item FOR (377,782,765 for, 6,314,500 against).

FOR: 377,782,765 (98.4%)AGAINST: 6,314,500 (1.6%)

Largest asset managers voting on “In the Event of a Second Call, Can the Voting Instructions Contained in this Proxy Card Be Considered Valid fo” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Vanguard	105,752,426	0	For
Goldman Sachs	72,739,026	0	For
Advisors' Inner Circle Fund III	62,174,561	0	For
Fidelity	46,117,243	0	For
Dimensional	32,800,327	0	For
MFS	7,901,373	0	For
Thornburg	7,612,740	0	For
TIAA	7,374,873	0	For
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Against
Lazard	4,720,496	0	For
RWC ASSET ADVISORS (US) LLC	4,227,119	0	For
Delaware/Macquarie	3,200,000	0	For
American Century	2,249,485	0	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	0	For
Franklin Templeton	2,026,200	0	For
DRIEHAUS MUTUAL FUNDS	1,698,859	0	For
Perpetual Americas Funds Trust	1,482,035	0	For
DWS	1,212,568	0	For
Northern Trust	940,734	0	For
Dodge & Cox	0	907,743	Against
Equitable	691,734	0	For
Victory Capital	682,799	0	For
Voya	609,612	0	For
GMO	585,883	0	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

21. Percentage of Votes to Be Assigned - Elect Aloisio Macario Ferreira de Souza as Independent Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (384,097,265 for, 0 against).

FOR: 384,097,265 (100.0%)

Largest asset managers voting on “Percentage of Votes to Be Assigned - Elect Aloisio Macario Ferreira de Souza as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
RWC ASSET ADVISORS (US) LLC	4,227,119	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

22. Percentage of Votes to Be Assigned - Elect Benjamin Alves Rabelo Filho as Director

DIRECTOR ELECTIONS

100% fund support · no official result

ABSTAIN 99%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (4,807,601 for, 0 against).

FOR: 4,807,601 (1.3%)ABSTAIN: 379,289,664 (98.7%)

Largest asset managers voting on “Percentage of Votes to Be Assigned - Elect Benjamin Alves Rabelo Filho as Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
RWC ASSET ADVISORS (US) LLC	0	4,227,119	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

23. Percentage of Votes to Be Assigned - Elect Bruno Moretti as Director

DIRECTOR ELECTIONS

100% fund support · no official result

ABSTAIN 99%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (4,807,601 for, 0 against).

FOR: 4,807,601 (1.3%)ABSTAIN: 379,289,664 (98.7%)

Largest asset managers voting on “Percentage of Votes to Be Assigned - Elect Bruno Moretti as Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
RWC ASSET ADVISORS (US) LLC	0	4,227,119	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

24. Percentage of Votes to Be Assigned - Elect Ivanyra Maura de Medeiros Correia as Independent Director

DIRECTOR ELECTIONS

100% fund support · no official result

ABSTAIN 99%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (4,807,601 for, 0 against).

FOR: 4,807,601 (1.3%)ABSTAIN: 379,289,664 (98.7%)

Largest asset managers voting on “Percentage of Votes to Be Assigned - Elect Ivanyra Maura de Medeiros Correia as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
RWC ASSET ADVISORS (US) LLC	0	4,227,119	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

25. Percentage of Votes to Be Assigned - Elect Jose Fernando Coura as Independent Director

DIRECTOR ELECTIONS

100% fund support · no official result

ABSTAIN 99%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (4,807,601 for, 0 against).

FOR: 4,807,601 (1.3%)ABSTAIN: 379,289,664 (98.7%)

Largest asset managers voting on “Percentage of Votes to Be Assigned - Elect Jose Fernando Coura as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
RWC ASSET ADVISORS (US) LLC	0	4,227,119	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

26. Percentage of Votes to Be Assigned - Elect Jose Joao Abdalla Filho as Independent Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (384,097,265 for, 0 against).

FOR: 384,097,265 (100.0%)

Largest asset managers voting on “Percentage of Votes to Be Assigned - Elect Jose Joao Abdalla Filho as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Vanguard	105,752,426	For
Goldman Sachs	72,739,026	For
Advisors' Inner Circle Fund III	62,174,561	For
Fidelity	46,117,243	For
Dimensional	32,800,327	For
MFS	7,901,373	For
Thornburg	7,612,740	For
TIAA	7,374,873	For
T. Rowe Price	4,777,409	For
State Street	4,751,657	For
Lazard	4,720,496	For
RWC ASSET ADVISORS (US) LLC	4,227,119	For
Delaware/Macquarie	3,200,000	For
American Century	2,249,485	For
FRANKLIN FUND ALLOCATOR SERIES	2,098,500	For
Franklin Templeton	2,026,200	For
DRIEHAUS MUTUAL FUNDS	1,698,859	For
Perpetual Americas Funds Trust	1,482,035	For
DWS	1,212,568	For
Northern Trust	940,734	For
Dodge & Cox	907,743	For
Equitable	691,734	For
Victory Capital	682,799	For
Voya	609,612	For
GMO	585,883	For

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

27. Percentage of Votes to Be Assigned - Elect Magda Maria de Regina Chambriard as Director

DIRECTOR ELECTIONS

100% fund support · no official result

ABSTAIN 99%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (4,807,601 for, 0 against).

FOR: 4,807,601 (1.3%)ABSTAIN: 379,289,664 (98.7%)

Largest asset managers voting on “Percentage of Votes to Be Assigned - Elect Magda Maria de Regina Chambriard as Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
RWC ASSET ADVISORS (US) LLC	0	4,227,119	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

28. Percentage of Votes to Be Assigned - Elect Pietro Adamo Sampaio Mendes as Director

DIRECTOR ELECTIONS

100% fund support · no official result

ABSTAIN 99%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (4,807,601 for, 0 against).

FOR: 4,807,601 (1.3%)ABSTAIN: 379,289,664 (98.7%)

Largest asset managers voting on “Percentage of Votes to Be Assigned - Elect Pietro Adamo Sampaio Mendes as Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
RWC ASSET ADVISORS (US) LLC	0	4,227,119	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

29. Percentage of Votes to Be Assigned - Elect Rafael Ramalho Dubeux as Independent Director

DIRECTOR ELECTIONS

100% fund support · no official result

ABSTAIN 99%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (4,807,601 for, 0 against).

FOR: 4,807,601 (1.3%)ABSTAIN: 379,289,664 (98.7%)

Largest asset managers voting on “Percentage of Votes to Be Assigned - Elect Rafael Ramalho Dubeux as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
RWC ASSET ADVISORS (US) LLC	0	4,227,119	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

30. Percentage of Votes to Be Assigned - Elect Renato Campos Galuppo as Independent Director

DIRECTOR ELECTIONS

100% fund support · no official result

ABSTAIN 99%

The 60 asset managers below cast 100% of the shares they voted on this item FOR (4,807,601 for, 0 against).

FOR: 4,807,601 (1.3%)ABSTAIN: 379,289,664 (98.7%)

Largest asset managers voting on “Percentage of Votes to Be Assigned - Elect Renato Campos Galuppo as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
Vanguard	0	105,752,426	Abstain
Goldman Sachs	0	72,739,026	Abstain
Advisors' Inner Circle Fund III	0	62,174,561	Abstain
Fidelity	0	46,117,243	Abstain
Dimensional	0	32,800,327	Abstain
MFS	0	7,901,373	Abstain
Thornburg	0	7,612,740	Abstain
TIAA	0	7,374,873	Abstain
T. Rowe Price	4,777,409	0	For
State Street	0	4,751,657	Abstain
Lazard	0	4,720,496	Abstain
RWC ASSET ADVISORS (US) LLC	0	4,227,119	Abstain
Delaware/Macquarie	0	3,200,000	Abstain
American Century	0	2,249,485	Abstain
FRANKLIN FUND ALLOCATOR SERIES	0	2,098,500	Abstain
Franklin Templeton	0	2,026,200	Abstain
DRIEHAUS MUTUAL FUNDS	0	1,698,859	Abstain
Perpetual Americas Funds Trust	0	1,482,035	Abstain
DWS	0	1,212,568	Abstain
Northern Trust	0	940,734	Abstain
Dodge & Cox	0	907,743	Abstain
Equitable	0	691,734	Abstain
Victory Capital	0	682,799	Abstain
Voya	0	609,612	Abstain
GMO	0	585,883	Abstain

Showing the 25 largest of 60 asset managers. See all 60 in the interactive database.

31. Elect Reginaldo Ferreira Alexandre as Fiscal Council Member and Vasco de Freitas Barcellos Neto as Alternate Appointed by Preferred Shareholder

AUDIT-RELATEDCORPORATE GOVERNANCE

100% fund support · no official result

FOR 99.9%

The 56 asset managers below cast 100% of the shares they voted on this item FOR (600,905,961 for, 0 against).

FOR: 600,905,961 (100.0%)ABSTAIN: 39,048 (0.0%)

Largest asset managers voting on “Elect Reginaldo Ferreira Alexandre as Fiscal Council Member and Vasco de Freitas Barcellos Neto as Alternate A” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
Goldman Sachs	163,006,063	For
Vanguard	156,715,331	For
Advisors' Inner Circle Fund III	91,430,966	For
Fidelity	39,277,765	For
Dimensional	39,061,444	For
PIMCO	14,955,498	For
AllianceBernstein	12,756,800	For
MFS	11,771,406	For
GMO	10,311,973	For
TIAA	8,876,690	For
Delaware/Macquarie	6,185,509	For
Northern Trust	5,923,961	For
TEMPLETON DEVELOPING MARKETS TRUST	4,591,932	For
Franklin Templeton	4,003,928	For
State Street	3,947,224	For
Advisors' Inner Circle Fund II	3,775,100	For
American Century	2,846,236	For
Principal	2,669,000	For
Waddell & Reed	2,088,474	For
DWS	1,987,385	For
Allspring	1,643,493	For
Victory Capital	1,548,100	For
Columbia Threadneedle	1,272,359	For
T. Rowe Price	979,753	For
AIG/SunAmerica	888,738	For

Showing the 25 largest of 56 asset managers. See all 56 in the interactive database.

32. Approve Classification of Thales Kroth de Souza as Independent Director

DIRECTOR ELECTIONS

36% fund support · no official result

FOR 36%AGAINST 64%

The 49 asset managers below cast 36% of the shares they voted on this item FOR (75,624,785 for, 134,567,269 against).

FOR: 75,624,785 (36.0%)AGAINST: 134,567,269 (64.0%)

Largest asset managers voting on “Approve Classification of Thales Kroth de Souza as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
Goldman Sachs	26,450	72,712,576	Against
Advisors' Inner Circle Fund III	319,868	61,854,693	Against
Fidelity	24,243,425	0	For
MFS	7,730,773	0	For
Thornburg	7,612,740	0	For
T. Rowe Price	4,755,976	0	For
Lazard	4,720,496	0	For
RWC ASSET ADVISORS (US) LLC	4,227,119	0	For
State Street	3,453,037	0	For
Delaware/Macquarie	3,200,000	0	For
Dimensional	2,583,569	0	For
American Century	2,249,485	0	For
DRIEHAUS MUTUAL FUNDS	1,698,859	0	For
Perpetual Americas Funds Trust	1,482,035	0	For
DWS	1,187,856	0	For
Vanguard	1,175,518	0	For
Victory Capital	682,799	0	For
Equitable	657,568	0	For
Allspring	522,079	0	For
Empower	478,087	0	For
Columbia Threadneedle	458,394	0	For
HENNESSY FUNDS TRUST	398,900	0	For
Voya	310,686	0	For
Elevation Series Trust	178,592	0	For
PACE SELECT ADVISORS TRUST	167,683	0	For

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

33. Percentage of Votes to Be Assigned - Elect Thales Kroth de Souza as Independent Director

DIRECTOR ELECTIONS

— fund support · no official result

ABSTAIN 100%

No shares were cast for or against this item by the managers below — every disclosed position was an abstention or was not voted.

ABSTAIN: 210,192,054 (100.0%)

Largest asset managers voting on “Percentage of Votes to Be Assigned - Elect Thales Kroth de Souza as Independent Director” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	Abstain	Vote
Goldman Sachs	72,739,026	Abstain
Advisors' Inner Circle Fund III	62,174,561	Abstain
Fidelity	24,243,425	Abstain
MFS	7,730,773	Abstain
Thornburg	7,612,740	Abstain
T. Rowe Price	4,755,976	Abstain
Lazard	4,720,496	Abstain
RWC ASSET ADVISORS (US) LLC	4,227,119	Abstain
State Street	3,453,037	Abstain
Delaware/Macquarie	3,200,000	Abstain
Dimensional	2,583,569	Abstain
American Century	2,249,485	Abstain
DRIEHAUS MUTUAL FUNDS	1,698,859	Abstain
Perpetual Americas Funds Trust	1,482,035	Abstain
DWS	1,187,856	Abstain
Vanguard	1,175,518	Abstain
Victory Capital	682,799	Abstain
Equitable	657,568	Abstain
Allspring	522,079	Abstain
Empower	478,087	Abstain
Columbia Threadneedle	458,394	Abstain
HENNESSY FUNDS TRUST	398,900	Abstain
Voya	310,686	Abstain
Elevation Series Trust	178,592	Abstain
PACE SELECT ADVISORS TRUST	167,683	Abstain

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

34. SETTING THE COMPENSATION FOR THE ADMINISTRATORS, THE MEMBERS OF THE FISCAL COUNCIL, AND THE MEMBERS OF THE STATUTORY ADVISORY COMMITTEES TO THE PETROBRAS' BOARD OF DIRECTORS.

SHAREHOLDER RIGHTS AND DEFENSES

Combines 4 wordings of this item as funds reported it.

86% fund support · no official result

FOR 86%AGAINST 14%

The 27 asset managers below cast 86% of the shares they voted on this item FOR (107,228,988 for, 17,587,339 against).

FOR: 107,228,988 (85.9%)AGAINST: 17,587,339 (14.1%)ABSTAIN: 7,310 (0.0%)

Largest asset managers voting on “SETTING THE COMPENSATION FOR THE ADMINISTRATORS, THE MEMBERS OF THE FISCAL COUNCIL, AND THE MEMBERS OF THE STA” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Abstain	Vote
BlackRock	99,769,584	0	0	For
BAILLIE GIFFORD FUNDS	0	11,035,313	0	Against
CULLEN FUNDS TRUST	5,556,519	0	0	For
Jackson National	0	3,240,983	0	Against
Vanguard	0	2,324,949	0	Against
Cambria ETF Trust	649,725	0	0	For
John Hancock	0	537,429	0	Against
JPMorgan	0	413,788	0	Against
Morningstar Funds Trust	316,916	0	0	For
MASTER INVESTMENT PORTFOLIO	252,013	0	0	For
Brookfield Investment Funds	173,192	0	0	For
TRUST FOR PROFESSIONAL MANAGERS	170,062	0	0	For
TIMOTHY PLAN	93,564	0	0	For
PFM Multi-Manager Series Trust	76,463	0	0	For
Krane Shares Trust	71,100	0	0	For
Janney Montgomery Scott LLC	44,393	0	0	For
Gabelli	35,000	0	0	For
GPS Funds I	0	34,877	0	Against
RBB FUND, INC.	10,959	0	0	For
ELEVATION POINT WEALTH PARTNERS, LLC	0	0	7,310	Abstain
Northern Lights Fund Trust IV	5,128	0	0	For
CITY NATIONAL ROCHDALE FUNDS	4,370	0	0	For
Family Firm, Inc.	0	0	0	--
IPConcept (Luxemburg) S.A.	0	0	0	--
Petros Family Wealth, LLC	0	0	0	--

Showing the 25 largest of 27 asset managers. See all 27 in the interactive database.

35. ACCOUNTABILITY OF THE ADMINISTRATORS, REVIEW, DISCUSSION, AND VOTING ON THE MANAGEMENT REPORT AND THE COMPANY'S FINANCIAL STATEMENTS, ACCOMPANIED BY THE INDEPENDENT AUDITORS' REPORT AND THE PETROBRAS' FISCAL COUNCIL'S OPINION, FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024.

CORPORATE GOVERNANCE

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 20%ABSTAIN 80%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (24,739,378 for, 0 against).

FOR: 24,739,378 (19.8%)ABSTAIN: 100,032,556 (80.2%)

Largest asset managers voting on “ACCOUNTABILITY OF THE ADMINISTRATORS, REVIEW, DISCUSSION, AND VOTING ON THE MANAGEMENT REPORT AND THE COMPANY'” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Abstain	Vote
BlackRock	0	99,769,584	Abstain
BAILLIE GIFFORD FUNDS	11,035,313	0	For
CULLEN FUNDS TRUST	5,556,519	0	For
Jackson National	3,240,983	0	For
Vanguard	2,324,949	0	For
Cambria ETF Trust	649,725	0	For
John Hancock	537,429	0	For
JPMorgan	413,788	0	For
Morningstar Funds Trust	316,916	0	For
MASTER INVESTMENT PORTFOLIO	0	252,013	Abstain
Brookfield Investment Funds	173,192	0	For
TRUST FOR PROFESSIONAL MANAGERS	170,062	0	For
TIMOTHY PLAN	93,564	0	For
PFM Multi-Manager Series Trust	76,463	0	For
Krane Shares Trust	71,100	0	For
Gabelli	35,000	0	For
GPS Funds I	34,877	0	For
RBB FUND, INC.	0	10,959	Abstain
Northern Lights Fund Trust IV	5,128	0	For
CITY NATIONAL ROCHDALE FUNDS	4,370	0	For
Family Firm, Inc.	0	0	--
SARATOGA ADVANTAGE TRUST	0	0	--
World Funds Trust	0	0	--

36. IF ONE OF THE CANDIDATES OF THE SLATE LEAVES IT, TO ACCOMMODATE THE SEPARATE ELECTION REFERRED TO IN ARTICLES 161, PARAGRAPH 4, AND 240 OF LAW 6404, OF 1976, CAN THE VOTES CORRESPONDING TO YOUR SHARES CONTINUE TO BE CONFERRED TO THE SAME SLATE?

SHAREHOLDER RIGHTS AND DEFENSES

Combines 2 wordings of this item as funds reported it.

5% fund support · no official result

AGAINST 95%

The 23 asset managers below cast 5% of the shares they voted on this item FOR (6,795,044 for, 117,976,890 against).

FOR: 6,795,044 (5.4%)AGAINST: 117,976,890 (94.6%)

Largest asset managers voting on “IF ONE OF THE CANDIDATES OF THE SLATE LEAVES IT, TO ACCOMMODATE THE SEPARATE ELECTION REFERRED TO IN ARTICLES ” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
BlackRock	0	99,769,584	Against
BAILLIE GIFFORD FUNDS	0	11,035,313	Against
CULLEN FUNDS TRUST	5,556,519	0	For
Jackson National	0	3,240,983	Against
Vanguard	0	2,324,949	Against
Cambria ETF Trust	649,725	0	For
John Hancock	0	537,429	Against
JPMorgan	0	413,788	Against
Morningstar Funds Trust	316,916	0	For
MASTER INVESTMENT PORTFOLIO	0	252,013	Against
Brookfield Investment Funds	173,192	0	For
TRUST FOR PROFESSIONAL MANAGERS	0	170,062	Against
TIMOTHY PLAN	93,564	0	For
PFM Multi-Manager Series Trust	0	76,463	Against
Krane Shares Trust	0	71,100	Against
Gabelli	0	35,000	Against
GPS Funds I	0	34,877	Against
RBB FUND, INC.	0	10,959	Against
Northern Lights Fund Trust IV	5,128	0	For
CITY NATIONAL ROCHDALE FUNDS	0	4,370	Against
Family Firm, Inc.	0	0	--
SARATOGA ADVANTAGE TRUST	0	0	--
World Funds Trust	0	0	--

37. IF ONE OF THE CANDIDATES THAT COMPOSES YOUR CHOSEN SLATE LEAVES IT, CAN THE VOTES CORRESPONDING TO YOUR SHARES CONTINUE TO BE CONFERRED ON THE SAME SLATE?

SHAREHOLDER RIGHTS AND DEFENSES

Combines 2 wordings of this item as funds reported it.

5% fund support · no official result

AGAINST 95%

The 23 asset managers below cast 5% of the shares they voted on this item FOR (6,795,044 for, 117,976,890 against).

FOR: 6,795,044 (5.4%)AGAINST: 117,976,890 (94.6%)

Largest asset managers voting on “IF ONE OF THE CANDIDATES THAT COMPOSES YOUR CHOSEN SLATE LEAVES IT, CAN THE VOTES CORRESPONDING TO YOUR SHARES” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
BlackRock	0	99,769,584	Against
BAILLIE GIFFORD FUNDS	0	11,035,313	Against
CULLEN FUNDS TRUST	5,556,519	0	For
Jackson National	0	3,240,983	Against
Vanguard	0	2,324,949	Against
Cambria ETF Trust	649,725	0	For
John Hancock	0	537,429	Against
JPMorgan	0	413,788	Against
Morningstar Funds Trust	316,916	0	For
MASTER INVESTMENT PORTFOLIO	0	252,013	Against
Brookfield Investment Funds	173,192	0	For
TRUST FOR PROFESSIONAL MANAGERS	0	170,062	Against
TIMOTHY PLAN	93,564	0	For
PFM Multi-Manager Series Trust	0	76,463	Against
Krane Shares Trust	0	71,100	Against
Gabelli	0	35,000	Against
GPS Funds I	0	34,877	Against
RBB FUND, INC.	0	10,959	Against
Northern Lights Fund Trust IV	5,128	0	For
CITY NATIONAL ROCHDALE FUNDS	0	4,370	Against
Family Firm, Inc.	0	0	--
SARATOGA ADVANTAGE TRUST	0	0	--
World Funds Trust	0	0	--

38. IN THE EVENT OF A SECOND CALL FOR THIS GENERAL MEETING, CAN THE VOTING INSTRUCTIONS CONTAINED IN THIS BULLETIN ALSO BE CONSIDERED FOR THE HOLDING OF THE MEETING ON THE SECOND CALL?

SHAREHOLDER RIGHTS AND DEFENSES

Combines 2 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.8%

The 23 asset managers below cast 99.8% of the shares they voted on this item FOR (124,641,405 for, 130,529 against).

FOR: 124,641,405 (99.9%)AGAINST: 130,529 (0.1%)

Largest asset managers voting on “IN THE EVENT OF A SECOND CALL FOR THIS GENERAL MEETING, CAN THE VOTING INSTRUCTIONS CONTAINED IN THIS BULLETIN” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
BlackRock	99,769,584	0	For
BAILLIE GIFFORD FUNDS	11,035,313	0	For
CULLEN FUNDS TRUST	5,556,519	0	For
Jackson National	3,240,983	0	For
Vanguard	2,324,949	0	For
Cambria ETF Trust	649,725	0	For
John Hancock	406,900	130,529	For
JPMorgan	413,788	0	For
Morningstar Funds Trust	316,916	0	For
MASTER INVESTMENT PORTFOLIO	252,013	0	For
Brookfield Investment Funds	173,192	0	For
TRUST FOR PROFESSIONAL MANAGERS	170,062	0	For
TIMOTHY PLAN	93,564	0	For
PFM Multi-Manager Series Trust	76,463	0	For
Krane Shares Trust	71,100	0	For
Gabelli	35,000	0	For
GPS Funds I	34,877	0	For
RBB FUND, INC.	10,959	0	For
Northern Lights Fund Trust IV	5,128	0	For
CITY NATIONAL ROCHDALE FUNDS	4,370	0	For
Family Firm, Inc.	0	0	--
SARATOGA ADVANTAGE TRUST	0	0	--
World Funds Trust	0	0	--

39. In case of a cumulative voting process, should the corresponding votes to your shares be equally distributed among the candidates indicated below? [If the shareholder chooses "yes", only the candidates listed below with the answer type "approve" will be considered in the proportional percentage distribution. If the shareholder chooses to "abstain" and the election occurs by the cumulative voting p

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

58% fund support · no official result

FOR 58%AGAINST 42%

The 23 asset managers below cast 58% of the shares they voted on this item FOR (18,832,369 for, 13,649,276 against).

FOR: 18,832,369 (58.0%)AGAINST: 13,649,276 (42.0%)

Largest asset managers voting on “In case of a cumulative voting process, should the corresponding votes to your shares be equally distributed a” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Against	Vote
BAILLIE GIFFORD FUNDS	0	11,035,313	Against
BlackRock	7,053,233	0	For
Hartford	4,765,267	0	For
Jackson National	2,890,493	0	For
Vanguard	0	2,324,949	Against
Advisors' Inner Circle Fund III	1,267,747	0	For
Fidelity	1,082,813	0	For
Russell Investments	1,039,245	0	For
Mercer Funds	0	289,014	Against
PACE SELECT ADVISORS TRUST	173,803	0	For
Brookfield Investment Funds	173,192	0	For
TRUST FOR PROFESSIONAL MANAGERS	170,062	0	For
PFM Multi-Manager Series Trust	76,463	0	For
Gabelli	35,000	0	For
Global X	32,852	0	For
Morningstar Funds Trust	31,742	0	For
INTEGRITY FUNDS	20,000	0	For
RBB FUND, INC.	10,959	0	For
Northern Lights Fund Trust IV	5,128	0	For
CITY NATIONAL ROCHDALE FUNDS	4,370	0	For
Family Firm, Inc.	0	0	--
SARATOGA ADVANTAGE TRUST	0	0	--
World Funds Trust	0	0	--

40. PROPOSAL FOR THE ALLOCATION OF THE 2024 FISCAL YEAR RESULTS.

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (124,771,934 for, 0 against).

FOR: 124,771,934 (100.0%)

Largest asset managers voting on “PROPOSAL FOR THE ALLOCATION OF THE 2024 FISCAL YEAR RESULTS.” at PETROLEO BRASILEIRO SA, 2024-2025
Asset manager	For	Vote
BlackRock	99,769,584	For
BAILLIE GIFFORD FUNDS	11,035,313	For
CULLEN FUNDS TRUST	5,556,519	For
Jackson National	3,240,983	For
Vanguard	2,324,949	For
Cambria ETF Trust	649,725	For
John Hancock	537,429	For
JPMorgan	413,788	For
Morningstar Funds Trust	316,916	For
MASTER INVESTMENT PORTFOLIO	252,013	For
Brookfield Investment Funds	173,192	For
TRUST FOR PROFESSIONAL MANAGERS	170,062	For
TIMOTHY PLAN	93,564	For
PFM Multi-Manager Series Trust	76,463	For
Krane Shares Trust	71,100	For
Gabelli	35,000	For
GPS Funds I	34,877	For
RBB FUND, INC.	10,959	For
Northern Lights Fund Trust IV	5,128	For
CITY NATIONAL ROCHDALE FUNDS	4,370	For
Family Firm, Inc.	0	--
SARATOGA ADVANTAGE TRUST	0	--
World Funds Trust	0	--

Showing the 40 reported items with the widest manager coverage, of 129 in total. View every item.

Largest PETROLEO BRASILEIRO SA shareholders voting in 2024-2025

Ranked by the number of PETROLEO BRASILEIRO SA shares each manager voted on the most widely held ballot item of the 2024-2025 meeting.

Top PETROLEO BRASILEIRO SA shareholders by shares voted, 2024-2025
#	Asset manager	Shares voted
1	Vanguard	114,931,701
2	Goldman Sachs	72,739,026
3	Advisors' Inner Circle Fund III	63,442,308
4	Fidelity	47,200,056
5	Dimensional	32,800,327
6	Charles Schwab	23,970,610
7	MFS	7,901,373
8	Thornburg	7,612,740
9	TIAA	7,374,873
10	T. Rowe Price	4,777,409

Shown as share counts, not percentages: no shares-outstanding figure has been matched to PETROLEO BRASILEIRO SA for the 2024-2025 season, so there is no denominator to divide by.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on 04 October 2026; a live search always shows the current data.

At PETROLEO BRASILEIRO SA's shareholder meeting held 2025-04-16, in the 2024-2025 proxy season, 126 asset managers reported how they voted in their SEC Form N-PX filings, covering 7,713 separate fund positions. Their filings are grouped here into 129 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Elect Pietro Adamo Sampaio Mendes as Board Chair — the reporting funds cast 1% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

PETROLEO BRASILEIRO SA proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.