Challenge is our Energy

We are an integrated energy company in the market for 60 years

We achieved global leadership in technology and operations in deep waters

Our target is to double our oil production in Brazil by 2020

Our focus is Exploration and Production projects in Brazil

Proved Reserves in BrazilSPE criteria (Society of Petroleum Engineers)

Billion boe

boe = barrel of oil equivalent

Oil production in Brazil

Kbpd

Onshore

Shallow water

Deep water

Ultra-deep water

Kbpd = thousand barrels per day E = estimate

Platforms under operation

Refineries

126

12

LNG terminals 02

Thermoelectric power plant 18

Pipelines (km) 34,639

Ships fleet 326

Service station (BR) 7,710

Exploratory blocks

Refineries

Petrobras in BrazilDEC/2013

Equatorial Margin

Ceará and Potiguar

Parnaíba Rio do Peixe

Solimões and Amazonas

Parecis

São Francisco

Pelotas

Santos

Campos

Espírito Santo

Sergipe/Alagoas

Paraíba/ Pernambuco

Tucano, Recôncavo,Camamu/Almada and Jequitinhonha

1980 1990 2010 20132000

1.55

5.37

15.28 15.97

9.61

1980 1990 2000 2013 2018 E 2020 E

181653

1,271

1,931

3,200

4,200

FACT SHEET 2014www.petrobras.com.br/irFirst half

Production Growth andPre-salt Record

Our oil production in Brazil will grow by 7.5% in 2014. The target for 2020 is 4.2 million barrels/day

Nine new platforms were completed in 2013, adding 1 million barrels of production capacity per day, and two more units will support production growth in 2014

We reached a new daily production record on the Pre-salt fields of 412,000 barrels on February, 2014, confirming the high productivity of this region

Our Reserves Replacement Ratio in 2013 was 131% (22 consecutive years above 100%)

2030 Strategic Plan Oil production increases up to 2020 and sustains at an average of 4 million barrels of oil per day for the 2020-2030 period.

2014-2018 Business and Management Plan

Exploration & Production

Downstream

Gas & Energy

International

Biofuels

Distribution

Engineering, Technology and Materials

Financial Area, Strategy and

Corporate - Services

70%(US$ 153.9 billion)

18% (US$ 38.7 billion)

5% (US$ 10.1 billion)

4% (US$ 9.7 billion)

1% (US$ 2.3 billion)

1.2% (US$ 2.7 billion)

1% (US$ 2.2 billion)

0.4% (US$ 1.0 billion)Consolidated Financial ResultsUS$ Billion

201211.03

42.95

27.63

72.34

169.04

30%

2.62

201120.10

43.16

37.30

54.90

177.11

24%

1.47

201019.18

45.08

32.62

36.70

183.40

17%

1.12

201311.09

48.09

29.42

94.57

149.12

39%

3.21

Net Income

Capex and Investments

EBITDA

Net debt

Shareholder’s Equity

Net Debt / Net Capitalization

Net Debt / EBITDA

An Investment Grade Company

Petrobras Rating

Baa1

BBB

BBB-

Credit Rating Agency

Moody’s

FitchRatings

Standard & Poor’s

PBR/APBR

14.6913.78

NYSE (US$ per ADR)

2nd most traded ADRs (American Depositary Receipt)of NYSE in 2013

Ticker

Price in 12/31/2013

Dividend Yield*

PBR/A PBR

4.0%3.5%

4.4%4.1%

5.0%5.5%

2.4%3.2%

2010 2012 20132011

* Dividend per share proposed in General Ordinary Meeting /Share price in the last day of the year

Source: Bloomberg

Total Dividends

35% 34%41%

36%

6,780 6,905

4,4993,970

2010 2012 20132011

US$ million

Total Dividends (US$ million)

Total Dividends / Net Income (%)

TotalUS$ 220.6 billion