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Petrobras - Petroleo Brasileiro SA – ‘6-K’ for 12/31/18 – ‘EX-101.LAB’

On:  Thursday, 1/2/20, at 5:07pm ET   ·   For:  12/31/18   ·   Accession #:  1193125-20-685   ·   File #:  1-15106

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/02/20  Petrobras - Petroleo Brasilei… SA 6-K        12/31/18  235:38M                                    Donnelley … Solutions/FA

Report by a Foreign Issuer   —   Form 6-K   —   Rule 13a-16 / 15d-16
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 6-K         Report by a Foreign Issuer                          HTML    140K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML   2.70M 
153: R1          Cover                                               HTML     84K  
20: R2          Consolidated Statement of Financial Position        HTML    213K 
103: R3          Consolidated Statement of Income                    HTML    153K  
179: R4          Consolidated Statement of Comprehensive Income      HTML    159K  
151: R5          Consolidated Statement of Comprehensive Income      HTML     74K  
                (Parenthetical)                                                  
18: R6          Consolidated Statement of Cash Flows                HTML    204K 
101: R7          Consolidated Statement of Changes in Shareholders   HTML    123K  
                Equity                                                           
181: R8          The Company and its operations                      HTML     75K  
147: R9          Basis of preparation                                HTML    199K  
133: R10         The "Lava Jato (Car Wash) Operation" and its        HTML     91K  
                effects on the Company                                           
223: R11         Summary of significant accounting policies          HTML    145K  
87: R12         Critical accounting policies: key estimates and     HTML    112K 
                judgments                                                        
61: R13         New standards and interpretations                   HTML     85K 
131: R14         Cash and cash equivalents and Marketable            HTML     94K  
                securities                                                       
222: R15         Trade and other receivables                         HTML    151K  
86: R16         Inventories                                         HTML     78K 
60: R17         Disposal of assets and other changes in             HTML    145K 
                organizational structure                                         
135: R18         Investments                                         HTML    249K  
220: R19         Property, plant and equipment                       HTML    140K  
96: R20         Intangible assets                                   HTML    119K 
13: R21         Impairment                                          HTML    205K 
162: R22         Exploration and evaluation of oil and gas reserves  HTML    103K  
186: R23         Trade payables                                      HTML     74K  
95: R24         Finance debt                                        HTML    203K 
10: R25         Leases                                              HTML    100K 
159: R26         Related-party transactions                          HTML    173K  
185: R27         Provision for decommissioning costs                 HTML     77K  
90: R28         Taxes                                               HTML    294K 
15: R29         Short-term benefits                                 HTML     90K 
54: R30         Employee benefits (Post-Employment)                 HTML    374K 
77: R31         Equity                                              HTML    127K 
231: R32         Sales revenues                                      HTML    115K  
139: R33         Other income and expenses                           HTML     98K  
55: R34         Costs and expenses by nature                        HTML    107K 
80: R35         Net finance income (Expense)                        HTML     90K 
234: R36         Supplemental information on statement of cash       HTML     78K  
                flows                                                            
140: R37         Segment information                                 HTML    356K  
51: R38         Provisions for legal proceedings                    HTML    234K 
84: R39         Commitment to purchase natural gas                  HTML     71K 
33: R40         Collateral for crude oil exploration concession     HTML     71K 
                agreements                                                       
112: R41         Risk management                                     HTML    234K  
195: R42         Fair value of financial assets and liabilities      HTML     87K  
165: R43         Subsequent events                                   HTML     74K  
36: R44         Information related to guaranteed securities        HTML    729K 
                issued by subsidiaries                                           
115: R45         Summary of significant accounting policies          HTML    208K  
                (Policies)                                                       
198: R46         Basis of preparation (Tables)                       HTML    187K  
168: R47         Cash and cash equivalents and Marketable            HTML     93K  
                securities (Tables)                                              
32: R48         Trade and other receivables (Tables)                HTML    142K 
116: R49         Inventories (Tables)                                HTML     76K  
75: R50         Disposal of assets and other changes in             HTML    101K 
                organizational structure (Tables)                                
47: R51         Investments (Tables)                                HTML    248K 
121: R52         Property, plant and equipment (Tables)              HTML    128K  
210: R53         Intangible assets (Tables)                          HTML    108K  
72: R54         Impairment (Tables)                                 HTML    162K 
44: R55         Exploration and evaluation of oil and gas reserves  HTML    104K 
                (Tables)                                                         
118: R56         Trade payables (Tables)                             HTML     73K  
207: R57         Finance debt (Tables)                               HTML    196K  
71: R58         Leases (Tables)                                     HTML     98K 
48: R59         Related-party transactions (Tables)                 HTML    144K 
175: R60         Provision for decommissioning costs (Tables)        HTML     75K  
206: R61         Taxes (Tables)                                      HTML    293K  
110: R62         Short-term benefits (Tables)                        HTML     80K  
31: R63         Employee benefits (Post-Employment) (Tables)        HTML    367K 
170: R64         Equity (Tables)                                     HTML    110K  
201: R65         Sales revenues (Tables)                             HTML    108K  
105: R66         Other income and expenses (Tables)                  HTML     97K  
26: R67         Costs and expenses by nature (Tables)               HTML    107K 
177: R68         Net finance income (Expense) (Tables)               HTML     89K  
200: R69         Supplemental information on statement of cash       HTML     77K  
                flows (Tables)                                                   
212: R70         Segment information (Tables)                        HTML    355K  
124: R71         Provisions for legal proceedings (Tables)           HTML    209K  
37: R72         Risk management (Tables)                            HTML    223K 
65: R73         Fair value of financial assets and liabilities      HTML     84K 
                (Tables)                                                         
217: R74         Information related to guaranteed securities        HTML    719K  
                issued by subsidiaries (Tables)                                  
129: R75         The Company and Its Operations - Additional         HTML     73K  
                Information (Detail)                                             
42: R76         Basis of preparation - Additional Information       HTML     86K 
                (Detail)                                                         
70: R77         Basis of preparation - Schedule of discontinued     HTML    117K 
                operation for income statement (Detail)                          
218: R78         Basis of preparation - Schedule of discontinued     HTML    160K  
                operation for cash flow (Detail)                                 
122: R79         Basis of preparation - Summary of Effect Of         HTML     76K  
                Changes in Foreign Exchange Rates (Detail)                       
213: R80         Basis of preparation - Summary of Consolidated      HTML    133K  
                Impacts on Financial Assets and Liabilities                      
                Resulting from Adoption of IFRS 9 (Detail)                       
126: R81         Basis of preparation - Impacts of Adoption of IFRS  HTML    102K  
                15 Standard (Detail)                                             
39: R82         The "Lava Jato (Car Wash) Operation" and its        HTML    101K 
                Effects on the Company - Additional Information                  
                (Detail)                                                         
66: R83         Summary of significant accounting policies -        HTML     74K 
                Additional Information (Detail)                                  
216: R84         Critical accounting policies: key estimates and     HTML     89K  
                judgments - Additional Information (Detail)                      
127: R85         New standards and interpretations - Additional      HTML     81K  
                Information (Detail)                                             
40: R86         Cash and cash equivalents and Marketable            HTML     95K 
                securities - Schedule of Cash and Cash Equivalents               
                (Detail)                                                         
69: R87         Cash and cash equivalents and Marketable            HTML     78K 
                securities - Additional Information (Detail)                     
219: R88         Cash and cash equivalents and Marketable            HTML     92K  
                securities - Schedule of Marketable Securities                   
                (Detail)                                                         
123: R89         Trade and other receivables, net - Schedule of      HTML    110K  
                trade and other receivables, net (Detail)                        
174: R90         Trade and other receivables, net - Schedule of      HTML     72K  
                trade and other receivables, net (Parenthetical)                 
                (Detail)                                                         
204: R91         Trade and other receivables, net - Additional       HTML    119K  
                Information (Detail)                                             
108: R92         Trade and Other Receivables - Summary of Aging of   HTML     84K  
                Trade and other Receivables (Detail)                             
30: R93         Trade and Other Receivables - Schedule of Changes   HTML     83K 
                in credit losses provision (Detail)                              
171: R94         Trade and Other Receivables - Schedule of trade     HTML    139K  
                receivables (Detail)                                             
203: R95         Inventories - Summary of Inventories (Detail)       HTML     87K  
107: R96         Inventories - Additional Information (Detail)       HTML     75K  
27: R97         Disposal of Assets and Other Changes in             HTML    456K 
                Organizational Structure - Additional Information                
                (Detail)                                                         
176: R98         Disposal of Assets and other changes in             HTML    104K  
                organizational structure - Summary of Assets                     
                Classified as Held for Sale (Detail)                             
199: R99         Disposal of Assets and other changes in             HTML     72K  
                organizational structure - Summary of Assets                     
                Classified as Held for Sale (Parenthetical)                      
                (Detail)                                                         
167: R100        Disposal of Assets and Other Changes in             HTML     83K  
                Organizational Structure - Summary of Cash Flows                 
                From Sales of Interest With Loss of Control                      
                (Detail)                                                         
197: R101        Investments - Information on Direct Subsidiaries,   HTML    316K  
                Joint Arrangements and Associates (Detail)                       
114: R102        Investment - Additional Information (Detail)        HTML    105K  
35: R103        Investments - Summary of Investments in Associates  HTML    124K 
                and Joint Ventures (Detail)                                      
166: R104        Investments - Summary of Investments in Listed      HTML     86K  
                Companies (Detail)                                               
196: R105        Investments - Summary of Condensed Financial        HTML    144K  
                Information (Detail)                                             
113: R106        Investments - Summary of Company Investments in     HTML    175K  
                Joint Ventures and Associates (Detail)                           
34: R107        Property, Plant and Equipment - Summary of          HTML    156K 
                Property Plant and Equipment by Class of Assets                  
                (Detail)                                                         
169: R108        Property, Plant and Equipment - Additional          HTML     99K  
                Information (Detail)                                             
194: R109        Property, Plant and Equipment - Summary of          HTML    139K  
                Estimated Useful Life of Property Plant and                      
                Equipment (Detail)                                               
208: R110        Property, plant and equipment - Summary of Effects  HTML     82K  
                of Unitization Agreements (Detail)                               
119: R111        Intangible Assets - Summary by Class of Assets      HTML    124K  
                (Detail)                                                         
45: R112        Intangible Assets - Additional Information          HTML     91K 
                (Detail)                                                         
73: R113        Intangible assets - Summary of Exploratory Phases   HTML     77K 
                (Detail)                                                         
209: R114        Impairment - Schedule of Impairment Losses, Net of  HTML    164K  
                Reversals, Recognized Within Statement of Income                 
                (Details) (Detail)                                               
120: R115        Impairment - Schedule of Cash Flow Projections      HTML     95K  
                Used to Measure the Value in Use of CGUs (Detail)                
46: R116        Impairment - Additional Information (Detail)        HTML    484K 
74: R117        Impairment - Summary of Assets and CGU Most         HTML     81K 
                Sensitive to Future Impairment Losses (Detail)                   
211: R118        Exploration and Evaluation of Oil and Gas Reserves  HTML     88K  
                - Summary of Changes in Balances of Capitalized                  
                Costs (Detail)                                                   
117: R119        Exploration and Evaluation of Oil and Gas Reserves  HTML     86K  
                - Summary of Exploration Costs (Details) (Detail)                
28: R120        Exploration and Evaluation of Oil and Gas Reserves  HTML     79K 
                - Additional Information (Detail)                                
106: R121        Exploration and Evaluation of Oil and Gas Reserves  HTML     76K  
                - Summary of Aging Capitalized Exploratory and                   
                Well Costs by Year (Detail) (Detail)                             
202: R122        Exploration and Evaluation of Oil and Gas Reserves  HTML     86K  
                - Summary of Aging Capitalized Exploratory and                   
                Well Costs by Year (Detail)                                      
172: R123        Trade Payables - Summary of Trade Payables          HTML     77K  
                (Detail)                                                         
29: R124        Finance Debt - Balance by Type of Finance Debt      HTML     95K 
                (Detail)                                                         
109: R125        Finance Debt - Additional Information (Detail)      HTML    105K  
205: R126        Finance Debt - Changes in Finance Debt and          HTML    114K  
                Reconciliation with Cash Flows from Financing                    
                Activities (Detail)                                              
173: R127        Finance Debt - Summarized Information on Current    HTML    219K  
                and Non-current Finance Debt (Detail)                            
25: R128        Finance Debt - Summarized Information on Current    HTML     72K 
                and Non-current Finance Debt (Parenthetical)                     
                (Detail)                                                         
111: R129        Finance Debt - Lines of Credit (Detail)             HTML    111K  
68: R130        Leases - Schedule of Future Minimum Lease Payments  HTML     99K 
                / Receipts - Finance Leases (Detail)                             
41: R131        Leases - Schedule of Future Minimum Lease Payments  HTML     84K 
                - Operating Leases (Detail)                                      
128: R132        Leases - Additional Information (Detail)            HTML     75K  
215: R133        Related-Party Transactions - Summary of Balances    HTML    137K  
                of Significant Transactions (Detail)                             
67: R134        Related-Party Transactions - Additional             HTML    135K 
                Information (Detail)                                             
38: R135        Related-Party Transactions - Summary of Diesel      HTML     73K 
                Price Subsidy Program (Detail)                                   
125: R136        Related-Party Transactions - Summary of             HTML     76K  
                Compensation of Employees (Including Those                       
                Occupying Managerial Positions) and Officers                     
                (Detail)                                                         
214: R137        Related-Party Transactions - Summary of Total       HTML     96K  
                Compensation of Executive Officers and Board                     
                Members of Petrobras Parent Company (Detail)                     
63: R138        Provision for Decommissioning Costs - Summary of    HTML     86K 
                Provision for Decommissioning Costs (Detail)                     
43: R139        Provision for Decommissioning Costs - Summary of    HTML     75K 
                Provision for Decommissioning Costs                              
                (Parenthetical) (Detail)                                         
104: R140        Provision for Decommissioning Costs - Additional    HTML     71K  
                Information (Detail)                                             
21: R141        Taxes - Summary of Income Taxes (Detail)            HTML     85K 
152: R142        Taxes - Summary of Other Taxes (Detail)             HTML     99K  
180: R143        Taxes - Summary of Other Taxes (Parenthetical)      HTML     69K  
                (Detail)                                                         
102: R144        Taxes - Additional Information (Detail)             HTML    132K  
19: R145        Taxes - Summary Of Settlement Of Tax Disputes       HTML     84K 
                (Detail)                                                         
149: R146        Taxes - Summary Of Settlement Of Tax Disputes       HTML     69K  
                (Parenthetical) (Detail)                                         
178: R147        Taxes - Summary Of Tax Liabilities Presented In     HTML    114K  
                Consolidated Statements Of Financial Position                    
                (Detail)                                                         
99: R148        Taxes - Summary Of Outstanding Amount Of            HTML     95K 
                Settlement Year (Detail)                                         
23: R149        Taxes - Schedule of Impacts of Tax Settlement       HTML    126K 
                Programs within Statement of Income of 2017                      
                (Detail)                                                         
59: R150        Taxes - Summary of Tax Disputes by Joining States   HTML     97K 
                Amnesty Settlement Programs (Detail)                             
85: R151        Taxes - Summary of Tax Disputes by Joining States   HTML     71K 
                Amnesty Settlement Programs (Parenthetical)                      
                (Detail)                                                         
221: R152        Taxes - Summary of the Changes in the Deferred      HTML    147K  
                Income Taxes (Detail)                                            
130: R153        Taxes - Summary of Estimated Schedule of            HTML     97K  
                Recovery/Reversal of Net Deferred Tax Assets                     
                (Liabilities) Recoverable (Payable) (Detail)                     
62: R154        Taxes - Summary of Aging of the Unrecognized Tax    HTML     92K 
                Carryforwards (Detail)                                           
88: R155        Taxes - Summary of Reconciliation between           HTML    102K 
                Statutory Tax Rate and Effective Tax Expense Rate                
                (Detail)                                                         
224: R156        Taxes - Summary of Reconciliation between           HTML     72K  
                Statutory Tax Rate and Effective Tax Expense Rate                
                (Parenthetical) (Detail)                                         
134: R157        Short-term benefits - Summary of Short-term         HTML     81K  
                Benefits (Detail)                                                
58: R158        Short-term benefits - Summary of Provision for      HTML     81K 
                Profit Sharing (Detail)                                          
89: R159        Short-term benefits - Additional Information        HTML     84K 
                (Detail)                                                         
183: R160        Employee Benefits (Post-Employment) - Summary of    HTML     90K  
                Employee Benefits (Detail)                                       
158: R161        Employee benefits (Post-Employment) - Additional    HTML    121K  
                Information (Detail)                                             
 9: R162        Employee Benefits (Post-Employment) - Disclosure    HTML    437K 
                of Changes in the Actuarial Liabilities, Fair                    
                Value of Assets and Amounts Recognized in                        
                Statement of Financial Position (Detail)                         
93: R163        Employee benefits (Post-Employment) - Summary of    HTML    112K 
                Pension Plans Assets (Detail)                                    
189: R164        Employee benefits (Post-Employment) - Summary of    HTML    120K  
                Pension Plans Assets by Type of Asset (Detail)                   
164: R165        Employee Benefits (Post-Employment) - Schedule of   HTML    124K  
                Defined Benefit Costs (Detail)                                   
14: R166        Employees Benefits (Post-Employment) - Disclosure   HTML     87K 
                of Effect of Basis Points Change in the Assumed                  
                Discount Rate and Medical Cost (Detail)                          
98: R167        Employees Benefits (Post-Employment) - Summary of   HTML    115K 
                Actuarial Assumptions (Detail)                                   
191: R168        Employee Benefits (Post-Employments) - Summary of   HTML    123K  
                Expected Maturity Analysis of Pension and Medical                
                Benefits (Detail)                                                
155: R169        Equity - Additional Information (Detail)            HTML    153K  
142: R170        Equity - Summary of Quarterly Distribution Of       HTML    115K  
                Interest On Capital (Detail)                                     
235: R171        Equity - Earnings (Losses) Per Share (Detail)       HTML    104K  
81: R172        Sales Revenues - Additional Information (Detail)    HTML     85K 
57: R173        Sales Revenues - Summary of Sales Revenues          HTML    115K 
                (Detail)                                                         
136: R174        Sales Revenues - Summary of Remaining Performance   HTML    113K  
                Obligations (Detail)                                             
229: R175        Other Income and Expenses, Net - Summary of Other   HTML    119K  
                Income and Expenses (Detail)                                     
76: R176        Other Income and Expenses, Net - Summary of Other   HTML     70K 
                Income and Expenses (Parenthetical) (Detail)                     
52: R177        Costs and Expenses by Nature - Disclosure of Cost   HTML    135K 
                and Expenses By Nature (Detail)                                  
145: R178        Costs and Expenses by Nature - Disclosure of Cost   HTML     73K  
                and Expenses By Nature (Parenthetical) (Detail)                  
227: R179        Net Finance Income (Expense) - Summary of Net       HTML     97K  
                Finance Income (Expense) (Detail)                                
141: R180        Net Finance Income (Expense) - Summary of Net       HTML     73K  
                Finance Income (Expense) (Parenthetical) (Detail)                
233: R181        Supplemental Information on Statement of Cash       HTML     79K  
                Flows - Summary of Supplemental Information on                   
                Statement of Cash Flows (Detail)                                 
79: R182        Segment Information - Consolidated assets by        HTML    142K 
                Business Area (Detail)                                           
56: R183        Segment Information - Consolidated Statement of     HTML    231K 
                Income by Business Area (Detail)                                 
138: R184        Segment Information - Additional Information        HTML     77K  
                (Detail)                                                         
232: R185        Provisions for legal proceedings - Summary of       HTML     86K  
                Provisions for Legal Proceedings (Detail)                        
78: R186        Provisions for legal proceedings - Summary of       HTML     81K 
                Reconciliation of Provisions for Legal Proceedings               
                (Detail)                                                         
53: R187        Provisions for legal proceedings - Summary of       HTML     79K 
                Judicial Deposits with Legal Proceedings (Detail)                
143: R188        Provisions for legal proceedings - Summary of       HTML     79K  
                reconciliation of Judicial Deposits with Legal                   
                Proceedings (Detail)                                             
225: R189        Provisions for legal proceedings - Additional       HTML     94K  
                Information (Detail)                                             
184: R190        Provisions for legal proceedings - Summary of       HTML     79K  
                Contingent Liabilities (Detail)                                  
160: R191        Provisions For Legal Proceedings - Summary Of       HTML    306K  
                Nature Of Contingent Liabilities (Detail)                        
11: R192        Commitment to Purchase Natural Gas - Additional     HTML     76K 
                Information (Detail)                                             
94: R193        Collateral for crude oil exploration concession     HTML     78K 
                agreements (Detail)                                              
187: R194        Risk Management - Summary of the Positions of the   HTML    111K  
                Derivative Financial Instruments Held by the                     
                Company (Detail)                                                 
161: R195        Risk Management - Summary of Amounts Recognized     HTML     90K  
                and Guarantees Given Related to Derivative                       
                Financial Instruments (Detail)                                   
12: R196        Risk Management - Summary of Sensitivity Analysis   HTML     88K 
                of the Derivative Financial Instruments (Detail)                 
97: R197        Risk Management - Summary of Sensitivity Analysis   HTML     77K 
                of the Derivative Financial Instruments                          
                (Parenthetical) (Detail)                                         
193: R198        Risk Management - Additional Information (Detail)   HTML    137K  
157: R199        Risk Management - Summary of Carrying Amounts, the  HTML     96K  
                Fair Value and Schedule of Expected                              
                Reclassifications (Detail)                                       
154: R200        Risk Management - Summary of Roll-Forward Schedule  HTML     99K  
                of Cumulative Foreign Exchange Losses Recognized                 
                in Other Comprehensive Income (Detail)                           
190: R201        Risk Management - Summary of Ratio of Highly        HTML     90K  
                Probable Future Exports to Debt Instruments                      
                (Detail)                                                         
91: R202        Risk Management - Summary of Sensitivity Analysis   HTML    167K 
                for Foreign Exchange Risk on Financial Instruments               
                (Detail)                                                         
16: R203        Risk Management - Summary of Sensitivity Analysis   HTML     82K 
                for Foreign Exchange Risk on Financial Instruments               
                (Parenthetical) (Detail)                                         
156: R204        Risk Management - Summary of Credit Quality of      HTML    103K  
                Cash and Cash Equivalents, and Marketable                        
                Securities (Detail)                                              
192: R205        Risk Management - Summary of Maturity Schedule of   HTML     98K  
                the Company's Finance Debt (Detail)                              
92: R206        Risk Management - Summary of Information            HTML     77K 
                Concerning the Insurance Coverage Outstanding                    
                (Detail)                                                         
17: R207        Fair Value of Financial Assets and Liabilities -    HTML     98K 
                Fair Value Measured of Assets and Liabilities                    
                (Detail)                                                         
163: R208        Subsequent events - Additional Information          HTML     86K  
                (Detail)                                                         
188: R209        Information Related to Guaranteed Securities        HTML    117K  
                Issued by Subsidiaries - Additional Information                  
                (Detail)                                                         
228: R210        Information Related to Guaranteed Securities        HTML    108K  
                Issued by Subsidiaries - Summary of Capitalized                  
                Costs Relating to Oil and Gas Producing Activities               
                (Detail)                                                         
146: R211        Information Related to Guaranteed Securities        HTML     98K  
                Issued by Subsidiaries - Summary of Costs Incurred               
                in Oil and Gas Property Acquisition, Exploration                 
                and Development Activities (Detail)                              
50: R212        Information Related to Guaranteed Securities        HTML    131K 
                Issued by Subsidiaries - Summary of Operations for               
                Oil and Gas Producing Activities (Detail)                        
83: R213        Information Related to Guaranteed Securities        HTML    126K 
                Issued by Subsidiaries - Summary of Annual Changes               
                in Proved Developed and Undeveloped Reserves of                  
                Oil (Detail)                                                     
226: R214        Information Related to Guaranteed Securities        HTML     98K  
                Issued by Subsidiaries - Summary of Annual Changes               
                in Proved Developed and Undeveloped Reserves of                  
                Oil (Parenthetical) (Detail)                                     
144: R215        Information Related to Guaranteed Securities        HTML    126K  
                Issued by Subsidiaries - Summary of Annual Changes               
                in Proved Developed and Undeveloped Reserves of                  
                Natural Gas (Detail)                                             
49: R216        Information Related to Guaranteed Securities        HTML     98K 
                Issued by Subsidiaries - Summary of Annual Changes               
                in Proved Developed and Undeveloped Reserves of                  
                Natural Gas (Parenthetical) (Detail)                             
82: R217        Information Related to Guaranteed Securities        HTML    153K 
                Issued by Subsidiaries - Summary of Annual Changes               
                in Proved Developed and Undeveloped Reserves of                  
                Oil and Natural Gas (Detail)                                     
230: R218        Information Related to Guaranteed Securities        HTML    108K  
                Issued by Subsidiaries - Summary of Annual Changes               
                in Proved Developed and Undeveloped Reserves of                  
                Oil and Natural Gas (Parenthetical) (Detail)                     
137: R219        Information Related to Guaranteed Securities        HTML    127K  
                Issued by Subsidiaries - Summary of Supplementary                
                Information on Oil and Gas Exploration Production                
                of Net Proved Developed and Undeveloped Reserves                 
                Explanatory (Detail)                                             
24: R220        Information Related to Guaranteed Securities        HTML     98K 
                Issued by Subsidiaries - Summary of Supplementary                
                Information on Oil and Gas Exploration Production                
                of Net Proved Developed and Undeveloped Reserves                 
                Explanatory (Parenthetical) (Detail)                             
100: R221        Information Related to Guaranteed Securities        HTML    111K  
                Issued by Subsidiaries - Summary of Supplementary                
                Information on Standardized Measure of Discounted                
                Future Net Cash Flow Relating to Proved Oil and                  
                Gas Quantities Explanatory (Detail)                              
182: R222        Information Related to Guaranteed Securities        HTML     76K  
                Issued by Subsidiaries - Summary of Supplementary                
                Information on Standardized Measure of Discounted                
                Future Net Cash Flow Relating to Proved Oil and                  
                Gas Quantities Explanatory (Parenthetical)                       
                (Detail)                                                         
148: R223        Information Related to Guaranteed Securities        HTML    133K  
                Issued by Subsidiaries - Summary of Standardized                 
                Measure of Discounted Future Net Cash Flow                       
                Projections Explanatory (Detail)                                 
22: R224        Information Related to Guaranteed Securities        HTML     84K 
                Issued by Subsidiaries - Summary of Standardized                 
                Measure of Discounted Future Net Cash Flow                       
                Projections Explanatory (Parenthetical) (Detail)                 
150: XML         IDEA XML File -- Filing Summary                      XML    493K  
132: EXCEL       IDEA Workbook of Financial Reports                  XLSX    448K  
 3: EX-101.INS  XBRL Instance -- pbr-20181231                        XML  16.48M 
 5: EX-101.CAL  XBRL Calculations -- pbr-20181231_cal                XML    734K 
 6: EX-101.DEF  XBRL Definitions -- pbr-20181231_def                 XML   3.52M 
 7: EX-101.LAB  XBRL Labels -- pbr-20181231_lab                      XML   5.99M 
 8: EX-101.PRE  XBRL Presentations -- pbr-20181231_pre               XML   4.54M 
 4: EX-101.SCH  XBRL Schema -- pbr-20181231                          XSD   1.27M 
64: ZIP         XBRL Zipped Folder -- 0001193125-20-000685-xbrl      Zip   1.01M 


‘EX-101.LAB’   —   XBRL Labels — pbr-20181231_lab


This Exhibit is an XBRL XML File.


                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<!-- DFIN Xcelerate Taxonomy Labels Linkbase - https://www.dfinsolutions.com/ -->
<!-- Version: 6.23.6 -->
<!-- Round: 5 -->
<!-- Creation date: 2020-01-02T04:22:59Z -->
<!-- Copyright (c) 2019 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel"/>
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
<labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AaaCreditGradesOneMember" xlink:label="pbr_AaaCreditGradesOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AaaCreditGradesOneMember_lbl" xml:lang="en-US" id="id_14489302_3479748_3_1"> AAA credit grades One [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AaaCreditGradesOneMember_lbl" xml:lang="en-US" id="id_14489302_3479748_1_1"> AAA credit grades One [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AaaCreditGradesOneMember_lbl" xml:lang="en-US" id="id_14489302_3479748_2_1"> AAA credit grades [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AaaCreditGradesOneMember" xlink:to="pbr_AaaCreditGradesOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AaaPointBrCreditGradesMember" xlink:label="pbr_AaaPointBrCreditGradesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AaaPointBrCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3529764_3_1"> AAA.br credit grades. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AaaPointBrCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3529764_1_1"> AAA point br credit grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AaaPointBrCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3529764_2_1"> AAA.br credit grades [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AaaPointBrCreditGradesMember" xlink:to="pbr_AaaPointBrCreditGradesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AACreditGradesMember" xlink:label="pbr_AACreditGradesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AACreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3479749_3_1"> AA credit grades. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AACreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3479749_1_1"> AA credit grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AACreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3479749_2_1"> AA credit grades [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AACreditGradesMember" xlink:to="pbr_AACreditGradesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AaPointBrCreditGradesMember" xlink:label="pbr_AaPointBrCreditGradesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AaPointBrCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3491830_3_1"> AA.br credit grades. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AaPointBrCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3491830_1_1"> AA point br credit grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AaPointBrCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3491830_2_1"> AA.br credit grades [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AaPointBrCreditGradesMember" xlink:to="pbr_AaPointBrCreditGradesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AccountingChangesAbstract" xlink:label="pbr_AccountingChangesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AccountingChangesAbstract_lbl" xml:lang="en-US" id="id_14489302_3548753_3_1"> Accounting changes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AccountingChangesAbstract_lbl" xml:lang="en-US" id="id_14489302_3548753_1_1"> Accounting changes [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AccountingChangesAbstract_lbl" xml:lang="en-US" id="id_14489302_3548753_2_1"> Accounting changes [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AccountingChangesAbstract" xlink:to="pbr_AccountingChangesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AccountingPolicies1Abstract" xlink:label="pbr_AccountingPolicies1Abstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AccountingPolicies1Abstract_lbl" xml:lang="en-US" id="id_14489302_3430096_3_1"> Accounting Policies1 Abstract </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AccountingPolicies1Abstract_lbl" xml:lang="en-US" id="id_14489302_3430096_1_1"> Accounting Policies1 [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AccountingPolicies1Abstract_lbl" xml:lang="en-US" id="id_14489302_3430096_2_1"> Accounting Policies1 [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AccountingPolicies1Abstract" xlink:to="pbr_AccountingPolicies1Abstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AccountsReceivable" xlink:label="pbr_AccountsReceivable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AccountsReceivable_lbl" xml:lang="en-US" id="id_14489302_3466572_3_1"> Accounts receivable. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AccountsReceivable_lbl" xml:lang="en-US" id="id_14489302_3466572_1_1"> Accounts receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AccountsReceivable_lbl" xml:lang="en-US" id="id_14489302_3466572_2_1"> Accounts receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AccountsReceivable" xlink:to="pbr_AccountsReceivable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AccrualsAndChargesInProvisions" xlink:label="pbr_AccrualsAndChargesInProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AccrualsAndChargesInProvisions_lbl" xml:lang="en-US" id="id_14489302_3456062_3_1"> Accruals and charges in provisions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AccrualsAndChargesInProvisions_lbl" xml:lang="en-US" id="id_14489302_3456062_1_1"> Accruals and charges in provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AccrualsAndChargesInProvisions_lbl" xml:lang="en-US" id="id_14489302_3456062_2_1"> Accruals and charges </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AccrualsAndChargesInProvisions" xlink:to="pbr_AccrualsAndChargesInProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AccruedInterest" xlink:label="pbr_AccruedInterest"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AccruedInterest_lbl" xml:lang="en-US" id="id_14489302_3433585_3_1"> The amount of interest accrued but is not yet received. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AccruedInterest_lbl" xml:lang="en-US" id="id_14489302_3433585_1_1"> Accrued interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AccruedInterest_lbl" xml:lang="en-US" id="id_14489302_3433585_2_1"> Accrued interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AccruedInterest" xlink:to="pbr_AccruedInterest_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AccruedVacationPayMember" xlink:label="pbr_AccruedVacationPayMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AccruedVacationPayMember_lbl" xml:lang="en-US" id="id_14489302_3553147_3_1"> Accrued vacation pay. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AccruedVacationPayMember_lbl" xml:lang="en-US" id="id_14489302_3553147_1_1"> Accrued vacation pay [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AccruedVacationPayMember_lbl" xml:lang="en-US" id="id_14489302_3553147_2_1"> Accrued vacation pay [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AccruedVacationPayMember" xlink:to="pbr_AccruedVacationPayMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:label="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember_lbl" xml:lang="en-US" id="id_14489302_3416753_1_1"> Accumulated depreciation, amortisation and impairment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember_lbl" xml:lang="en-US" id="id_14489302_3416753_2_1"> Accumulated amortization [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:to="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl" xml:lang="en-US" id="id_14489302_3416976_1_1"> Accumulated depreciation and amortisation [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl" xml:lang="en-US" id="id_14489302_3416976_2_1"> Accumulated depreciation, amortization and depletion [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:to="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3417200_1_1"> Accumulated other comprehensive income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3417200_2_1"> Accumulated other comprehensive (deficit) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3417200_12_1"> Cumulative balance of foreign exchange variation losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:to="ifrs-full_AccumulatedOtherComprehensiveIncome_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncomeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US" id="id_14489302_3416979_1_1"> Accumulated other comprehensive income [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US" id="id_14489302_3416979_2_1"> Accumulated other comprehensive income [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:to="ifrs-full_AccumulatedOtherComprehensiveIncomeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AcquiredSoftwareMember" xlink:label="pbr_AcquiredSoftwareMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AcquiredSoftwareMember_lbl" xml:lang="en-US" id="id_14489302_3491884_3_1"> Acquired software. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AcquiredSoftwareMember_lbl" xml:lang="en-US" id="id_14489302_3491884_1_1"> Acquired Software [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AcquiredSoftwareMember_lbl" xml:lang="en-US" id="id_14489302_3491884_2_1"> Acquired Software [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AcquiredSoftwareMember" xlink:to="pbr_AcquiredSoftwareMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AcquisitionCost" xlink:label="pbr_AcquisitionCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AcquisitionCost_lbl" xml:lang="en-US" id="id_14489302_3436708_3_1"> Acquisition cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AcquisitionCost_lbl" xml:lang="en-US" id="id_14489302_3436708_1_1"> Acquisition cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AcquisitionCost_lbl" xml:lang="en-US" id="id_14489302_3436708_2_1"> Acquisition Cost paid by consortium </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AcquisitionCost" xlink:to="pbr_AcquisitionCost_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xml:lang="en-US" id="id_14489302_3416982_1_1"> Consideration transferred, acquisition-date fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xml:lang="en-US" id="id_14489302_3416982_2_1"> Transaction value amount at signing of contract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AcquisitionOfPropertyPlantAndEquipmentAndIntangibles" xlink:label="pbr_AcquisitionOfPropertyPlantAndEquipmentAndIntangibles"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AcquisitionOfPropertyPlantAndEquipmentAndIntangibles_lbl" xml:lang="en-US" id="id_14489302_3438115_3_1"> Acquisition of property plant and equipment and intangibles. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AcquisitionOfPropertyPlantAndEquipmentAndIntangibles_lbl" xml:lang="en-US" id="id_14489302_3438115_1_1"> Acquisition of Property Plant and Equipment and Intangibles </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AcquisitionOfPropertyPlantAndEquipmentAndIntangibles_lbl" xml:lang="en-US" id="id_14489302_3438115_2_1"> Acquisition of property plant and equipment and intangibles assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AcquisitionOfPropertyPlantAndEquipmentAndIntangibles" xlink:to="pbr_AcquisitionOfPropertyPlantAndEquipmentAndIntangibles_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ACreditGradesMember" xlink:label="pbr_ACreditGradesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ACreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3479750_3_1"> A credit grades. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ACreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3479750_1_1"> A credit grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ACreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3479750_2_1"> A credit grades [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ACreditGradesMember" xlink:to="pbr_ACreditGradesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ActiveEmployeesMember" xlink:label="pbr_ActiveEmployeesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ActiveEmployeesMember_lbl" xml:lang="en-US" id="id_14489302_3508914_3_1"> Active employees [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ActiveEmployeesMember_lbl" xml:lang="en-US" id="id_14489302_3508914_1_1"> Active employees [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ActiveEmployeesMember_lbl" xml:lang="en-US" id="id_14489302_3508914_2_1"> Active employees [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ActiveEmployeesMember" xlink:to="pbr_ActiveEmployeesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ActuarialAssumptionOfCurrentServiceCostAndInterestCostIncreaseDecreaseBasisPoints" xlink:label="pbr_ActuarialAssumptionOfCurrentServiceCostAndInterestCostIncreaseDecreaseBasisPoints"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ActuarialAssumptionOfCurrentServiceCostAndInterestCostIncreaseDecreaseBasisPoints_lbl" xml:lang="en-US" id="id_14489302_3456372_3_1"> Actuarial assumption of current service cost and interest cost increase decrease basis points. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ActuarialAssumptionOfCurrentServiceCostAndInterestCostIncreaseDecreaseBasisPoints_lbl" xml:lang="en-US" id="id_14489302_3456372_1_1"> Actuarial assumption of current service cost and interest cost increase decrease basis points </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ActuarialAssumptionOfCurrentServiceCostAndInterestCostIncreaseDecreaseBasisPoints_lbl" xml:lang="en-US" id="id_14489302_3456372_2_1"> Current Service cost and interest cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ActuarialAssumptionOfCurrentServiceCostAndInterestCostIncreaseDecreaseBasisPoints" xlink:to="pbr_ActuarialAssumptionOfCurrentServiceCostAndInterestCostIncreaseDecreaseBasisPoints_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates_lbl" xml:lang="en-US" id="id_14489302_3417207_1_1"> Actuarial assumption of discount rates </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates_lbl" xml:lang="en-US" id="id_14489302_3417207_2_1"> Discount rate - (real rate) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:to="ifrs-full_ActuarialAssumptionOfDiscountRates_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRatesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRatesMember_lbl" xml:lang="en-US" id="id_14489302_3417208_1_1"> Actuarial assumption of discount rates [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRatesMember_lbl" xml:lang="en-US" id="id_14489302_3417208_2_1"> Actuarial assumption of discount rates [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:to="ifrs-full_ActuarialAssumptionOfDiscountRatesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates" xlink:label="ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates_lbl" xml:lang="en-US" id="id_14489302_3416992_1_1"> Actuarial assumption of medical cost trend rates </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates_lbl" xml:lang="en-US" id="id_14489302_3416992_2_1"> Expected changes in medical and hospital costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates" xlink:to="ifrs-full_ActuarialAssumptionOfMedicalCostTrendRates_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ActuarialAssumptionOfMedicalCostTrendRatesMember" xlink:label="ifrs-full_ActuarialAssumptionOfMedicalCostTrendRatesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionOfMedicalCostTrendRatesMember_lbl" xml:lang="en-US" id="id_14489302_3417209_1_1"> Actuarial assumption of medical cost trend rates [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ActuarialAssumptionOfMedicalCostTrendRatesMember_lbl" xml:lang="en-US" id="id_14489302_3417209_2_1"> Actuarial assumption of medical cost trend rates [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfMedicalCostTrendRatesMember" xlink:to="ifrs-full_ActuarialAssumptionOfMedicalCostTrendRatesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ActuarialAssumptionOfNominalDiscountRates" xlink:label="pbr_ActuarialAssumptionOfNominalDiscountRates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ActuarialAssumptionOfNominalDiscountRates_lbl" xml:lang="en-US" id="id_14489302_3524667_3_1"> Actuarial assumption of nominal discount rates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ActuarialAssumptionOfNominalDiscountRates_lbl" xml:lang="en-US" id="id_14489302_3524667_1_1"> Actuarial Assumption Of Nominal Discount Rates </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ActuarialAssumptionOfNominalDiscountRates_lbl" xml:lang="en-US" id="id_14489302_3524667_2_1"> Nominal discount rate (real rate + inflation) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ActuarialAssumptionOfNominalDiscountRates" xlink:to="pbr_ActuarialAssumptionOfNominalDiscountRates_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ActuarialAssumptionOfPensionObligationIncreaseDecreaseBasisPoints" xlink:label="pbr_ActuarialAssumptionOfPensionObligationIncreaseDecreaseBasisPoints"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ActuarialAssumptionOfPensionObligationIncreaseDecreaseBasisPoints_lbl" xml:lang="en-US" id="id_14489302_3459621_3_1"> Actuarial assumption of pension obligation increase decrease basis points. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ActuarialAssumptionOfPensionObligationIncreaseDecreaseBasisPoints_lbl" xml:lang="en-US" id="id_14489302_3459621_1_1"> Actuarial assumption of pension obligation increase decrease basis points </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ActuarialAssumptionOfPensionObligationIncreaseDecreaseBasisPoints_lbl" xml:lang="en-US" id="id_14489302_3459621_2_1"> Pension Obligation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ActuarialAssumptionOfPensionObligationIncreaseDecreaseBasisPoints" xlink:to="pbr_ActuarialAssumptionOfPensionObligationIncreaseDecreaseBasisPoints_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ActuarialAssumptionsAdditionalInformationAxis" xlink:label="pbr_ActuarialAssumptionsAdditionalInformationAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ActuarialAssumptionsAdditionalInformationAxis_lbl" xml:lang="en-US" id="id_14489302_3475686_3_1"> Actuarial Assumptions Additional Information [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ActuarialAssumptionsAdditionalInformationAxis_lbl" xml:lang="en-US" id="id_14489302_3475686_1_1"> Actuarial Assumptions Additional Information [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ActuarialAssumptionsAdditionalInformationAxis_lbl" xml:lang="en-US" id="id_14489302_3475686_2_1"> Actuarial Assumptions Additional Information [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ActuarialAssumptionsAdditionalInformationAxis" xlink:to="pbr_ActuarialAssumptionsAdditionalInformationAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ActuarialAssumptionsAdditionalInformationDomain" xlink:label="pbr_ActuarialAssumptionsAdditionalInformationDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ActuarialAssumptionsAdditionalInformationDomain_lbl" xml:lang="en-US" id="id_14489302_3488250_3_1"> Actuarial Assumptions Additional Information [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ActuarialAssumptionsAdditionalInformationDomain_lbl" xml:lang="en-US" id="id_14489302_3488250_1_1"> Actuarial Assumptions Additional Information [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ActuarialAssumptionsAdditionalInformationDomain_lbl" xml:lang="en-US" id="id_14489302_3488250_2_1"> Actuarial Assumptions Additional Information [domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ActuarialAssumptionsAdditionalInformationDomain" xlink:to="pbr_ActuarialAssumptionsAdditionalInformationDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ActuarialAssumptionsAxis" xlink:label="ifrs-full_ActuarialAssumptionsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionsAxis_lbl" xml:lang="en-US" id="id_14489302_3416764_1_1"> Actuarial assumptions [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ActuarialAssumptionsAxis_lbl" xml:lang="en-US" id="id_14489302_3416764_2_1"> Actuarial assumptions [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionsAxis" xlink:to="ifrs-full_ActuarialAssumptionsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ActuarialAssumptionsMember" xlink:label="ifrs-full_ActuarialAssumptionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionsMember_lbl" xml:lang="en-US" id="id_14489302_3416994_1_1"> Actuarial assumptions [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ActuarialAssumptionsMember_lbl" xml:lang="en-US" id="id_14489302_3416994_2_1"> Actuarial assumptions [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionsMember" xlink:to="ifrs-full_ActuarialAssumptionsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3417211_1_1"> Actuarial gains (losses) arising from changes in demographic assumptions, net defined benefit liability (asset) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3417211_14_1"> Remeasurement: (gains) / losses - demographic assumptions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3417212_1_1"> Actuarial gains (losses) arising from changes in financial assumptions, net defined benefit liability (asset) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3417212_14_1"> Remeasurement: (gains) / losses - financial assumptions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ActuarialInterestExpenseNetDefinedBenefitLiabilityAsset" xlink:label="pbr_ActuarialInterestExpenseNetDefinedBenefitLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ActuarialInterestExpenseNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3456484_3_1"> Actuarial interest expense net defined benefit liability asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ActuarialInterestExpenseNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3456484_1_1"> Actuarial Interest Expense Net Defined Benefit Liability Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ActuarialInterestExpenseNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3456484_2_1"> Actuarial </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ActuarialInterestExpenseNetDefinedBenefitLiabilityAsset" xlink:to="pbr_ActuarialInterestExpenseNetDefinedBenefitLiabilityAsset_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ActuarialLiability" xlink:label="pbr_ActuarialLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3436012_3_1"> Actuarial Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3436012_1_1"> Actuarial Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="pbr_ActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3436012_4_1"> Balance as of December 31, </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="pbr_ActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3436012_5_1"> Actuarial liability, Beginning balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ActuarialLiability" xlink:to="pbr_ActuarialLiability_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ActuarialLiabilityCost" xlink:label="pbr_ActuarialLiabilityCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ActuarialLiabilityCost_lbl" xml:lang="en-US" id="id_14489302_3456447_3_1"> Actuarial liability cost. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ActuarialLiabilityCost_lbl" xml:lang="en-US" id="id_14489302_3456447_1_1"> Actuarial Liability Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_ActuarialLiabilityCost_lbl" xml:lang="en-US" id="id_14489302_3456447_14_1"> Costs incurred in the period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ActuarialLiabilityCost" xlink:to="pbr_ActuarialLiabilityCost_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ActuarialLiabilityNet" xlink:label="pbr_ActuarialLiabilityNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ActuarialLiabilityNet_lbl" xml:lang="en-US" id="id_14489302_3456457_3_1"> Actuarial liability net. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ActuarialLiabilityNet_lbl" xml:lang="en-US" id="id_14489302_3456457_1_1"> Actuarial Liability Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_ActuarialLiabilityNet_lbl" xml:lang="en-US" id="id_14489302_3456457_6_1"> Net actuarial liability as of December 31, </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ActuarialLiabilityNet" xlink:to="pbr_ActuarialLiabilityNet_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdditionalContributionOfParticipantsInDefinedBenefitPlan" xlink:label="pbr_AdditionalContributionOfParticipantsInDefinedBenefitPlan"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdditionalContributionOfParticipantsInDefinedBenefitPlan_lbl" xml:lang="en-US" id="id_14489302_3461253_3_1"> Additional contribution of participants in defined benefit plan . </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdditionalContributionOfParticipantsInDefinedBenefitPlan_lbl" xml:lang="en-US" id="id_14489302_3461253_1_1"> Additional contribution of participants in defined benefit plan </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdditionalContributionOfParticipantsInDefinedBenefitPlan_lbl" xml:lang="en-US" id="id_14489302_3461253_2_1"> Additional contribution of participants in defined benefit plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdditionalContributionOfParticipantsInDefinedBenefitPlan" xlink:to="pbr_AdditionalContributionOfParticipantsInDefinedBenefitPlan_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdditionalEstimatedValueOfNaturalGas" xlink:label="pbr_AdditionalEstimatedValueOfNaturalGas"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdditionalEstimatedValueOfNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3461246_3_1"> Additional estimated value of natural gas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdditionalEstimatedValueOfNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3461246_1_1"> Additional estimated value of natural gas </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdditionalEstimatedValueOfNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3461246_2_1"> Additional estimated value of natural gas </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdditionalEstimatedValueOfNaturalGas" xlink:to="pbr_AdditionalEstimatedValueOfNaturalGas_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdditionalHedgingRelationshipsDesignationRevokedAndHedgingInstrumentsRedesignated" xlink:label="pbr_AdditionalHedgingRelationshipsDesignationRevokedAndHedgingInstrumentsRedesignated"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdditionalHedgingRelationshipsDesignationRevokedAndHedgingInstrumentsRedesignated_lbl" xml:lang="en-US" id="id_14489302_3450529_3_1"> Additional hedging relationships designation revoked and hedging instruments redesignated. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdditionalHedgingRelationshipsDesignationRevokedAndHedgingInstrumentsRedesignated_lbl" xml:lang="en-US" id="id_14489302_3450529_1_1"> Additional Hedging Relationships Designation Revoked And Hedging Instruments Redesignated </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdditionalHedgingRelationshipsDesignationRevokedAndHedgingInstrumentsRedesignated_lbl" xml:lang="en-US" id="id_14489302_3450529_2_1"> Additional hedging relationships designated, designations revoked and hedging instruments re-designated </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdditionalHedgingRelationshipsDesignationRevokedAndHedgingInstrumentsRedesignated" xlink:to="pbr_AdditionalHedgingRelationshipsDesignationRevokedAndHedgingInstrumentsRedesignated_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdditionalInformationByGeographiesAxis" xlink:label="pbr_AdditionalInformationByGeographiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdditionalInformationByGeographiesAxis_lbl" xml:lang="en-US" id="id_14489302_3475690_3_1"> Additional Information By Geographies [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdditionalInformationByGeographiesAxis_lbl" xml:lang="en-US" id="id_14489302_3475690_1_1"> Additional Information By Geographies [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdditionalInformationByGeographiesAxis_lbl" xml:lang="en-US" id="id_14489302_3475690_2_1"> Additional Information By Geographies [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdditionalInformationByGeographiesAxis" xlink:to="pbr_AdditionalInformationByGeographiesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdditionalInformationByGeographiesMember" xlink:label="pbr_AdditionalInformationByGeographiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdditionalInformationByGeographiesMember_lbl" xml:lang="en-US" id="id_14489302_3477434_3_1"> Additional Information By Geographies [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdditionalInformationByGeographiesMember_lbl" xml:lang="en-US" id="id_14489302_3477434_1_1"> Additional Information By Geographies [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdditionalInformationByGeographiesMember_lbl" xml:lang="en-US" id="id_14489302_3477434_2_1"> Additional Information By Geographies [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdditionalInformationByGeographiesMember" xlink:to="pbr_AdditionalInformationByGeographiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdditionalInformationOnCashFlowsAbstract" xlink:label="pbr_AdditionalInformationOnCashFlowsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdditionalInformationOnCashFlowsAbstract_lbl" xml:lang="en-US" id="id_14489302_3430543_3_1"> Additional information on cash flows. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdditionalInformationOnCashFlowsAbstract_lbl" xml:lang="en-US" id="id_14489302_3430543_1_1"> Additional information on cash flows [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdditionalInformationOnCashFlowsAbstract_lbl" xml:lang="en-US" id="id_14489302_3430543_2_1"> Additional information on cash flows: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdditionalInformationOnCashFlowsAbstract" xlink:to="pbr_AdditionalInformationOnCashFlowsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdditionalNumberOfSharesGranted" xlink:label="pbr_AdditionalNumberOfSharesGranted"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdditionalNumberOfSharesGranted_lbl" xml:lang="en-US" id="id_14489302_3469068_3_1"> Additional number of shares granted. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdditionalNumberOfSharesGranted_lbl" xml:lang="en-US" id="id_14489302_3469068_1_1"> Additional Number Of Shares Granted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdditionalNumberOfSharesGranted_lbl" xml:lang="en-US" id="id_14489302_3469068_2_1"> Shares granted to PBIO </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdditionalNumberOfSharesGranted" xlink:to="pbr_AdditionalNumberOfSharesGranted_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdditionalProvisionsOtherProvisions" xlink:label="ifrs-full_AdditionalProvisionsOtherProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionalProvisionsOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3416770_1_1"> Additional provisions, other provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionalProvisionsOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3416770_2_1"> Additions, net of reversals </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalProvisionsOtherProvisions" xlink:to="ifrs-full_AdditionalProvisionsOtherProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdditionForNewFundObligation" xlink:label="pbr_AdditionForNewFundObligation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdditionForNewFundObligation_lbl" xml:lang="en-US" id="id_14489302_3450575_3_1"> Addition for new fund obligation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdditionForNewFundObligation_lbl" xml:lang="en-US" id="id_14489302_3450575_1_1"> Addition For New Fund Obligation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdditionForNewFundObligation_lbl" xml:lang="en-US" id="id_14489302_3450575_2_1"> Additions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdditionForNewFundObligation" xlink:to="pbr_AdditionForNewFundObligation_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdditionForProvisionForProfitSharing" xlink:label="pbr_AdditionForProvisionForProfitSharing"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdditionForProvisionForProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553172_3_1"> Addition for provision for profit sharing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdditionForProvisionForProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553172_1_1"> Addition for provision for profit sharing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdditionForProvisionForProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553172_2_1"> Additions from continuing operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdditionForProvisionForProfitSharing" xlink:to="pbr_AdditionForProvisionForProfitSharing_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdditionForProvisionForProfitSharingFromDiscontinuedOperations" xlink:label="pbr_AdditionForProvisionForProfitSharingFromDiscontinuedOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdditionForProvisionForProfitSharingFromDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_4062043_3_1"> Addition for provision for profit sharing from discontinued operations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdditionForProvisionForProfitSharingFromDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_4062043_1_1"> Addition for provision for profit sharing from discontinued operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdditionForProvisionForProfitSharingFromDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_4062043_2_1"> Additions from discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdditionForProvisionForProfitSharingFromDiscontinuedOperations" xlink:to="pbr_AdditionForProvisionForProfitSharingFromDiscontinuedOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdditionsFromAcquisitionsInvestmentProperty" xlink:label="ifrs-full_AdditionsFromAcquisitionsInvestmentProperty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsFromAcquisitionsInvestmentProperty_lbl" xml:lang="en-US" id="id_14489302_3416771_1_1"> Additions from acquisitions, investment property </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionsFromAcquisitionsInvestmentProperty_lbl" xml:lang="en-US" id="id_14489302_3416771_2_1"> Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsFromAcquisitionsInvestmentProperty" xlink:to="ifrs-full_AdditionsFromAcquisitionsInvestmentProperty_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdditionsFromAllowanceForImpairmentOfTradeAndOtherReceivables" xlink:label="pbr_AdditionsFromAllowanceForImpairmentOfTradeAndOtherReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdditionsFromAllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456193_3_1"> Additions from allowance for impairment of trade and other receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdditionsFromAllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456193_1_1"> Additions from allowance for impairment of trade and other receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdditionsFromAllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456193_2_1"> Additions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdditionsFromAllowanceForImpairmentOfTradeAndOtherReceivables" xlink:to="pbr_AdditionsFromAllowanceForImpairmentOfTradeAndOtherReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3416773_1_1"> Additions other than through business combinations, intangible assets other than goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3416773_2_1"> Addition </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3416549_1_1"> Additions other than through business combinations, property, plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3416549_2_1"> Additions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdditionsToReviewOfEstimatesOfDecommissioningCostsOfPropertyPlantAndEquipment" xlink:label="pbr_AdditionsToReviewOfEstimatesOfDecommissioningCostsOfPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdditionsToReviewOfEstimatesOfDecommissioningCostsOfPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3450489_3_1"> Additions to review of estimates of decommissioning costs of property plant and equipment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdditionsToReviewOfEstimatesOfDecommissioningCostsOfPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3450489_1_1"> Additions To Review Of Estimates Of Decommissioning Costs Of Property Plant And Equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdditionsToReviewOfEstimatesOfDecommissioningCostsOfPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3450489_2_1"> Additions to / review of estimates of decommissioning costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdditionsToReviewOfEstimatesOfDecommissioningCostsOfPropertyPlantAndEquipment" xlink:to="pbr_AdditionsToReviewOfEstimatesOfDecommissioningCostsOfPropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdjustedIncomeNetOfWithholdingIncomeTaxRate" xlink:label="pbr_AdjustedIncomeNetOfWithholdingIncomeTaxRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdjustedIncomeNetOfWithholdingIncomeTaxRate_lbl" xml:lang="en-US" id="id_14489302_3541007_3_1"> Adjusted income, net of withholding income tax rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdjustedIncomeNetOfWithholdingIncomeTaxRate_lbl" xml:lang="en-US" id="id_14489302_3541007_1_1"> Adjusted income, net of withholding income tax rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdjustedIncomeNetOfWithholdingIncomeTaxRate_lbl" xml:lang="en-US" id="id_14489302_3541007_2_1"> Adjusted income, net of withholding income tax rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdjustedIncomeNetOfWithholdingIncomeTaxRate" xlink:to="pbr_AdjustedIncomeNetOfWithholdingIncomeTaxRate_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdjustmentForPensionAndMedicalBenefits" xlink:label="pbr_AdjustmentForPensionAndMedicalBenefits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdjustmentForPensionAndMedicalBenefits_lbl" xml:lang="en-US" id="id_14489302_3450411_3_1"> Adjustment for pension and medical benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdjustmentForPensionAndMedicalBenefits_lbl" xml:lang="en-US" id="id_14489302_3450411_1_1"> Adjustment For Pension And Medical Benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_AdjustmentForPensionAndMedicalBenefits_lbl" xml:lang="en-US" id="id_14489302_3450411_14_1"> Pension and medical benefits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdjustmentForPensionAndMedicalBenefits" xlink:to="pbr_AdjustmentForPensionAndMedicalBenefits_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdjustmentForPensionAndMedicalBenefitsActuarialExpense" xlink:label="pbr_AdjustmentForPensionAndMedicalBenefitsActuarialExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdjustmentForPensionAndMedicalBenefitsActuarialExpense_lbl" xml:lang="en-US" id="id_14489302_3450447_3_1"> Adjustment for pension and medical benefits actuarial expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdjustmentForPensionAndMedicalBenefitsActuarialExpense_lbl" xml:lang="en-US" id="id_14489302_3450447_1_1"> Adjustment For Pension And Medical Benefits Actuarial Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_AdjustmentForPensionAndMedicalBenefitsActuarialExpense_lbl" xml:lang="en-US" id="id_14489302_3450447_14_1"> Pension and medical benefits (actuarial expense) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdjustmentForPensionAndMedicalBenefitsActuarialExpense" xlink:to="pbr_AdjustmentForPensionAndMedicalBenefitsActuarialExpense_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdjustmentsForDecreaseIncreaseInAssetsAbstract" xlink:label="pbr_AdjustmentsForDecreaseIncreaseInAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdjustmentsForDecreaseIncreaseInAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3426365_3_1"> Adjustments For Decrease (Increase) In Assets [Abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdjustmentsForDecreaseIncreaseInAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3426365_1_1"> Adjustments For Decrease Increase In Assets [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdjustmentsForDecreaseIncreaseInAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3426365_2_1"> Decrease (Increase) in assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdjustmentsForDecreaseIncreaseInAssetsAbstract" xlink:to="pbr_AdjustmentsForDecreaseIncreaseInAssetsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdjustmentsForDecreaseIncreaseInEscrowAccount" xlink:label="pbr_AdjustmentsForDecreaseIncreaseInEscrowAccount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdjustmentsForDecreaseIncreaseInEscrowAccount_lbl" xml:lang="en-US" id="id_14489302_3435715_3_1"> Adjustments for decrease (increase) in escrow account. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdjustmentsForDecreaseIncreaseInEscrowAccount_lbl" xml:lang="en-US" id="id_14489302_3435715_1_1"> Adjustments for decrease (increase) in escrow account </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdjustmentsForDecreaseIncreaseInEscrowAccount_lbl" xml:lang="en-US" id="id_14489302_3435715_2_1"> Escrow account - Class action agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdjustmentsForDecreaseIncreaseInEscrowAccount" xlink:to="pbr_AdjustmentsForDecreaseIncreaseInEscrowAccount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_lbl" xml:lang="en-US" id="id_14489302_3417002_1_1"> Adjustments for decrease (increase) in inventories </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_lbl" xml:lang="en-US" id="id_14489302_3417002_2_1"> Inventories </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInInventories_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdjustmentsForDecreaseIncreaseInJudicialDeposits" xlink:label="pbr_AdjustmentsForDecreaseIncreaseInJudicialDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdjustmentsForDecreaseIncreaseInJudicialDeposits_lbl" xml:lang="en-US" id="id_14489302_3458252_3_1"> Adjustments for decrease (increase) in judicial deposits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdjustmentsForDecreaseIncreaseInJudicialDeposits_lbl" xml:lang="en-US" id="id_14489302_3458252_1_1"> Adjustments For Decrease Increase In Judicial Deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdjustmentsForDecreaseIncreaseInJudicialDeposits_lbl" xml:lang="en-US" id="id_14489302_3458252_2_1"> Judicial deposits </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_lbl" xml:lang="en-US" id="id_14489302_3417003_1_1"> Adjustments for decrease (increase) in other assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_lbl" xml:lang="en-US" id="id_14489302_3417003_2_1"> Other assets </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3416776_1_1"> Adjustments for decrease (increase) in trade and other receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3416776_2_1"> Trade and other receivables, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForDeferredTaxExpense" xlink:label="ifrs-full_AdjustmentsForDeferredTaxExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDeferredTaxExpense_lbl" xml:lang="en-US" id="id_14489302_3417228_1_1"> Adjustments for deferred tax expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDeferredTaxExpense_lbl" xml:lang="en-US" id="id_14489302_3417228_2_1"> Deferred income taxes, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDeferredTaxExpense" xlink:to="ifrs-full_AdjustmentsForDeferredTaxExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:label="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_lbl" xml:lang="en-US" id="id_14489302_3417004_1_1"> Adjustments for depreciation and amortisation expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_lbl" xml:lang="en-US" id="id_14489302_3417004_2_1"> Depreciation, depletion and amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense" xlink:to="ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdjustmentsForForeignExchangeIndexationAndFinanceCharge" xlink:label="pbr_AdjustmentsForForeignExchangeIndexationAndFinanceCharge"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdjustmentsForForeignExchangeIndexationAndFinanceCharge_lbl" xml:lang="en-US" id="id_14489302_3450399_3_1"> Adjustments for foreign exchange, indexation and finance charges. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdjustmentsForForeignExchangeIndexationAndFinanceCharge_lbl" xml:lang="en-US" id="id_14489302_3450399_1_1"> Adjustments For Foreign Exchange Indexation And Finance Charge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdjustmentsForForeignExchangeIndexationAndFinanceCharge_lbl" xml:lang="en-US" id="id_14489302_3450399_2_1"> Foreign exchange, indexation and finance charges </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdjustmentsForForeignExchangeIndexationAndFinanceCharge" xlink:to="pbr_AdjustmentsForForeignExchangeIndexationAndFinanceCharge_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3417231_1_1"> Adjustments for gain (loss) on disposals, property, plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3417231_2_1"> Other income and expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:to="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3417007_1_1"> Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3417007_2_1"> Impairment of assets (reversal) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3416566_1_1"> Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss, trade and other receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3416566_2_1"> Allowance (reversals) for credit loss on trade and others receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables" xlink:to="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossTradeAndOtherReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdjustmentsForIncreaseDecreaseInCurrentLegalProceedingsProvision" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInCurrentLegalProceedingsProvision"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInCurrentLegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3550732_3_1"> Adjustments for increase decrease in current legal proceedings provision </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInCurrentLegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3550732_1_1"> Adjustments for increase decrease in current legal proceedings provision </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInCurrentLegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3550732_2_1"> Provisions for legal proceedings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdjustmentsForIncreaseDecreaseInCurrentLegalProceedingsProvision" xlink:to="pbr_AdjustmentsForIncreaseDecreaseInCurrentLegalProceedingsProvision_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdjustmentsForIncreaseDecreaseInLiabilitiesAbstract" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3428871_3_1"> Adjustments for increase (decrease) in liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3428871_1_1"> Adjustments For (Increase) Decrease In Liabilities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3428871_2_1"> Increase (Decrease) in liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdjustmentsForIncreaseDecreaseInLiabilitiesAbstract" xlink:to="pbr_AdjustmentsForIncreaseDecreaseInLiabilitiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_lbl" xml:lang="en-US" id="id_14489302_3416569_1_1"> Adjustments for increase (decrease) in other liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_lbl" xml:lang="en-US" id="id_14489302_3416569_2_1"> Other liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdjustmentsForIncreaseDecreaseInOtherTaxesPayable" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInOtherTaxesPayable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInOtherTaxesPayable_lbl" xml:lang="en-US" id="id_14489302_3450409_3_1"> Adjustments for increase (decrease) in other taxes payable. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInOtherTaxesPayable_lbl" xml:lang="en-US" id="id_14489302_3450409_1_1"> Adjustments For Increase Decrease In Other Taxes Payable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInOtherTaxesPayable_lbl" xml:lang="en-US" id="id_14489302_3450409_2_1"> Other taxes payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdjustmentsForIncreaseDecreaseInOtherTaxesPayable" xlink:to="pbr_AdjustmentsForIncreaseDecreaseInOtherTaxesPayable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdjustmentsForIncreaseDecreaseInShorttermEmployeeBenefitsAccruals" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInShorttermEmployeeBenefitsAccruals"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInShorttermEmployeeBenefitsAccruals_lbl" xml:lang="en-US" id="id_14489302_3550735_3_1"> Adjustments for increase decrease in short-term employee benefits accruals </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInShorttermEmployeeBenefitsAccruals_lbl" xml:lang="en-US" id="id_14489302_3550735_1_1"> Adjustments for increase decrease in short-term employee benefits accruals </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdjustmentsForIncreaseDecreaseInShorttermEmployeeBenefitsAccruals_lbl" xml:lang="en-US" id="id_14489302_3550735_2_1"> Short-term benefits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdjustmentsForIncreaseDecreaseInShorttermEmployeeBenefitsAccruals" xlink:to="pbr_AdjustmentsForIncreaseDecreaseInShorttermEmployeeBenefitsAccruals_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_lbl" xml:lang="en-US" id="id_14489302_3416785_1_1"> Adjustments for increase (decrease) in trade accounts payable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_lbl" xml:lang="en-US" id="id_14489302_3416785_2_1"> Trade payables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAccountPayable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime" xlink:label="ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime_lbl" xml:lang="en-US" id="id_14489302_3417010_1_1"> Adjustments for increase in other provisions arising from passage of time </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime_lbl" xml:lang="en-US" id="id_14489302_3417010_2_1"> Provision for the class action agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime" xlink:to="ifrs-full_AdjustmentsForIncreaseInOtherProvisionsArisingFromPassageOfTime_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3417011_1_1"> Adjustments for losses (gains) on disposal of non-current assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3417011_2_1"> (Gains)/losses on disposals/write-offs of assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:to="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForProvisions" xlink:label="ifrs-full_AdjustmentsForProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForProvisions_lbl" xml:lang="en-US" id="id_14489302_3417012_1_1"> Adjustments for provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForProvisions_lbl" xml:lang="en-US" id="id_14489302_3417012_2_1"> Adjustment to provision </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdjustmentsForProvisions_lbl" xml:lang="en-US" id="id_14489302_3417012_14_1"> Adjustment to provision </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForProvisions" xlink:to="ifrs-full_AdjustmentsForProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xml:lang="en-US" id="id_14489302_3417013_1_1"> Adjustments to reconcile profit (loss) [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xml:lang="en-US" id="id_14489302_3417013_2_1"> Adjustments for: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:label="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3417015_1_1"> Adjustments for undistributed profits of investments accounted for using equity method </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3417015_14_1"> Results in equity-accounted investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:to="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AdjustmentsInRiskExposureAssociatedWithInstrumentsSharingCharacteristic" xlink:label="pbr_AdjustmentsInRiskExposureAssociatedWithInstrumentsSharingCharacteristic"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AdjustmentsInRiskExposureAssociatedWithInstrumentsSharingCharacteristic_lbl" xml:lang="en-US" id="id_14489302_3553434_3_1"> Adjustments in risk exposure associated with instruments sharing characteristic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AdjustmentsInRiskExposureAssociatedWithInstrumentsSharingCharacteristic_lbl" xml:lang="en-US" id="id_14489302_3553434_1_1"> Adjustments in risk exposure associated with instruments sharing characteristic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AdjustmentsInRiskExposureAssociatedWithInstrumentsSharingCharacteristic_lbl" xml:lang="en-US" id="id_14489302_3553434_2_1"> Sensitivity analysis for foreign exchange risk </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AdjustmentsInRiskExposureAssociatedWithInstrumentsSharingCharacteristic" xlink:to="pbr_AdjustmentsInRiskExposureAssociatedWithInstrumentsSharingCharacteristic_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_AfricaMember" xlink:label="srt_AfricaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_AfricaMember_lbl" xml:lang="en-US" id="id_14489302_3416791_1_1"> Africa [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_AfricaMember_lbl" xml:lang="en-US" id="id_14489302_3416791_2_1"> Africa [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_AfricaMember" xlink:to="srt_AfricaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AgbamiProducingFieldMember" xlink:label="pbr_AgbamiProducingFieldMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AgbamiProducingFieldMember_lbl" xml:lang="en-US" id="id_14489302_3553109_3_1"> Agbami producing field. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AgbamiProducingFieldMember_lbl" xml:lang="en-US" id="id_14489302_3553109_1_1"> AgbamiProducingField [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AgbamiProducingFieldMember_lbl" xml:lang="en-US" id="id_14489302_3553109_2_1"> Agbami producing field [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AgbamiProducingFieldMember" xlink:to="pbr_AgbamiProducingFieldMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AgentMember" xlink:label="pbr_AgentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AgentMember_lbl" xml:lang="en-US" id="id_14489302_3495310_3_1"> Agent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AgentMember_lbl" xml:lang="en-US" id="id_14489302_3495310_1_1"> Agent [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AgentMember_lbl" xml:lang="en-US" id="id_14489302_3495310_2_1"> Agent [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AgentMember" xlink:to="pbr_AgentMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AggregatedMeasurementMember" xlink:label="ifrs-full_AggregatedMeasurementMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AggregatedMeasurementMember_lbl" xml:lang="en-US" id="id_14489302_3417023_1_1"> Aggregated measurement [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AggregatedMeasurementMember_lbl" xml:lang="en-US" id="id_14489302_3417023_2_1"> Aggregated measurement [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AggregatedMeasurementMember" xlink:to="ifrs-full_AggregatedMeasurementMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AggregatedTimeBandsMember" xlink:label="ifrs-full_AggregatedTimeBandsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AggregatedTimeBandsMember_lbl" xml:lang="en-US" id="id_14489302_3417242_1_1"> Aggregated time bands [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AggregatedTimeBandsMember_lbl" xml:lang="en-US" id="id_14489302_3417242_2_1"> Aggregated time bands [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AggregatedTimeBandsMember" xlink:to="ifrs-full_AggregatedTimeBandsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AgingOfCapitalizedExploratoryWellCostsAxis" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsAxis_lbl" xml:lang="en-US" id="id_14489302_3541140_3_1"> Aging of capitalized exploratory well costs [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsAxis_lbl" xml:lang="en-US" id="id_14489302_3541140_1_1"> Aging of capitalized exploratory well costs [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsAxis_lbl" xml:lang="en-US" id="id_14489302_3541140_2_1"> Aging of capitalized exploratory well costs [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AgingOfCapitalizedExploratoryWellCostsAxis" xlink:to="pbr_AgingOfCapitalizedExploratoryWellCostsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AgingOfCapitalizedExploratoryWellCostsMember" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsMember_lbl" xml:lang="en-US" id="id_14489302_3541141_3_1"> Aging of capitalized exploratory well costs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsMember_lbl" xml:lang="en-US" id="id_14489302_3541141_1_1"> Aging of capitalized exploratory well costs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsMember_lbl" xml:lang="en-US" id="id_14489302_3541141_2_1"> Aging of capitalized exploratory well costs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AgingOfCapitalizedExploratoryWellCostsMember" xlink:to="pbr_AgingOfCapitalizedExploratoryWellCostsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFiveMember" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFiveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFiveMember_lbl" xml:lang="en-US" id="id_14489302_3541146_3_1"> Aging of capitalized exploratory well costs period five. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFiveMember_lbl" xml:lang="en-US" id="id_14489302_3541146_1_1"> Aging of capitalized exploratory well costs period five [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFiveMember_lbl" xml:lang="en-US" id="id_14489302_3541146_2_1"> Aging of capitalized exploratory well costs period five [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFiveMember" xlink:to="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFiveMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFourMember" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFourMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFourMember_lbl" xml:lang="en-US" id="id_14489302_3541145_3_1"> Aging of capitalized exploratory well costs period four. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFourMember_lbl" xml:lang="en-US" id="id_14489302_3541145_1_1"> Aging of capitalized exploratory well costs period four [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFourMember_lbl" xml:lang="en-US" id="id_14489302_3541145_2_1"> Aging of capitalized exploratory well costs period four [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFourMember" xlink:to="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodFourMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AgingOfCapitalizedExploratoryWellCostsPeriodOneMember" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodOneMember_lbl" xml:lang="en-US" id="id_14489302_3541142_3_1"> Aging of capitalized exploratory well costs period one. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodOneMember_lbl" xml:lang="en-US" id="id_14489302_3541142_1_1"> Aging of capitalized exploratory well costs period one [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodOneMember_lbl" xml:lang="en-US" id="id_14489302_3541142_2_1"> Aging of capitalized exploratory well costs period one [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodOneMember" xlink:to="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AgingOfCapitalizedExploratoryWellCostsPeriodThreeMember" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodThreeMember_lbl" xml:lang="en-US" id="id_14489302_3541144_3_1"> Aging of capitalized exploratory well costs period three. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodThreeMember_lbl" xml:lang="en-US" id="id_14489302_3541144_1_1"> Aging of capitalized exploratory well costs period three [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodThreeMember_lbl" xml:lang="en-US" id="id_14489302_3541144_2_1"> Aging of capitalized exploratory well costs period three [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodThreeMember" xlink:to="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AgingOfCapitalizedExploratoryWellCostsPeriodTwoMember" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodTwoMember_lbl" xml:lang="en-US" id="id_14489302_3541143_3_1"> Aging of capitalized exploratory well costs period two. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodTwoMember_lbl" xml:lang="en-US" id="id_14489302_3541143_1_1"> Aging of capitalized exploratory well costs period two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodTwoMember_lbl" xml:lang="en-US" id="id_14489302_3541143_2_1"> Aging of capitalized exploratory well costs period two [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodTwoMember" xlink:to="pbr_AgingOfCapitalizedExploratoryWellCostsPeriodTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AgreementWithUSAuthorities" xlink:label="pbr_AgreementWithUSAuthorities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AgreementWithUSAuthorities_lbl" xml:lang="en-US" id="id_14489302_3540945_3_1"> Agreement with US authorities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AgreementWithUSAuthorities_lbl" xml:lang="en-US" id="id_14489302_3540945_1_1"> Agreement with US Authorities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AgreementWithUSAuthorities_lbl" xml:lang="en-US" id="id_14489302_3540945_2_1"> Agreement with US Authorities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AgreementWithUSAuthorities" xlink:to="pbr_AgreementWithUSAuthorities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AgreementWithUsAuthorities1" xlink:label="pbr_AgreementWithUsAuthorities1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AgreementWithUsAuthorities1_lbl" xml:lang="en-US" id="id_14489302_3541081_3_1"> Agreement with US Authorities1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AgreementWithUsAuthorities1_lbl" xml:lang="en-US" id="id_14489302_3541081_1_1"> Agreement with US Authorities1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AgreementWithUsAuthorities1_lbl" xml:lang="en-US" id="id_14489302_3541081_2_1"> Agreement with US Authorities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AgreementWithUsAuthorities1" xlink:to="pbr_AgreementWithUsAuthorities1_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AgriDevelopmentBVMember" xlink:label="pbr_AgriDevelopmentBVMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AgriDevelopmentBVMember_lbl" xml:lang="en-US" id="id_14489302_3510324_3_1"> Agri Development BV. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AgriDevelopmentBVMember_lbl" xml:lang="en-US" id="id_14489302_3510324_1_1"> Agri Development BV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AgriDevelopmentBVMember_lbl" xml:lang="en-US" id="id_14489302_3510324_2_1"> Agri Development BV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AgriDevelopmentBVMember" xlink:to="pbr_AgriDevelopmentBVMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AguaGrandeGroupMember" xlink:label="pbr_AguaGrandeGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AguaGrandeGroupMember_lbl" xml:lang="en-US" id="id_14489302_3487756_3_1"> Agua Grande Group. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AguaGrandeGroupMember_lbl" xml:lang="en-US" id="id_14489302_3487756_1_1"> Agua Grande Group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AguaGrandeGroupMember_lbl" xml:lang="en-US" id="id_14489302_3487756_2_1"> Agua Grande Group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AguaGrandeGroupMember" xlink:to="pbr_AguaGrandeGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AkpoAndEginaDevelopingFieldMember" xlink:label="pbr_AkpoAndEginaDevelopingFieldMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AkpoAndEginaDevelopingFieldMember_lbl" xml:lang="en-US" id="id_14489302_3553309_3_1"> Akpo and Egina developing field. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AkpoAndEginaDevelopingFieldMember_lbl" xml:lang="en-US" id="id_14489302_3553309_1_1"> Akpo and Egina developing field [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AkpoAndEginaDevelopingFieldMember_lbl" xml:lang="en-US" id="id_14489302_3553309_2_1"> Akpo and Egina developing field [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AkpoAndEginaDevelopingFieldMember" xlink:to="pbr_AkpoAndEginaDevelopingFieldMember_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd#currency_AllCurrenciesDomain" xlink:label="currency_AllCurrenciesDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_AllCurrenciesDomain_lbl" xml:lang="en-US" id="id_14489302_3417028_1_1"> All Currencies [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="currency_AllCurrenciesDomain_lbl" xml:lang="en-US" id="id_14489302_3417028_2_1"> All Currencies [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_AllCurrenciesDomain" xlink:to="currency_AllCurrenciesDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:label="ifrs-full_AllLevelsOfFairValueHierarchyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AllLevelsOfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_14489302_3417030_1_1"> All levels of fair value hierarchy [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AllLevelsOfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_14489302_3417030_2_1"> All levels of fair value hierarchy [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:to="ifrs-full_AllLevelsOfFairValueHierarchyMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AllowanceForCreditLossReceivables" xlink:label="pbr_AllowanceForCreditLossReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AllowanceForCreditLossReceivables_lbl" xml:lang="en-US" id="id_14489302_3448483_3_1"> Allowance for credit loss receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AllowanceForCreditLossReceivables_lbl" xml:lang="en-US" id="id_14489302_3448483_1_1"> Allowance for credit loss receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AllowanceForCreditLossReceivables_lbl" xml:lang="en-US" id="id_14489302_3448483_2_1"> Allowance for credit loss receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AllowanceForCreditLossReceivables" xlink:to="pbr_AllowanceForCreditLossReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AllowanceForExpectedCreditLossReceivables" xlink:label="pbr_AllowanceForExpectedCreditLossReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AllowanceForExpectedCreditLossReceivables_lbl" xml:lang="en-US" id="id_14489302_3448391_3_1"> Allowance for expected credit loss receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AllowanceForExpectedCreditLossReceivables_lbl" xml:lang="en-US" id="id_14489302_3448391_1_1"> Allowance for expected credit loss receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AllowanceForExpectedCreditLossReceivables_lbl" xml:lang="en-US" id="id_14489302_3448391_2_1"> Allowance for expected credit loss receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AllowanceForExpectedCreditLossReceivables" xlink:to="pbr_AllowanceForExpectedCreditLossReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AllowanceForImpairment" xlink:label="pbr_AllowanceForImpairment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AllowanceForImpairment_lbl" xml:lang="en-US" id="id_14489302_3444079_3_1"> Allowance for Impairment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AllowanceForImpairment_lbl" xml:lang="en-US" id="id_14489302_3444079_1_1"> Allowance for Impairment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AllowanceForImpairment_lbl" xml:lang="en-US" id="id_14489302_3444079_2_1"> Allowance for imapairment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AllowanceForImpairment" xlink:to="pbr_AllowanceForImpairment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AllowanceForImpairmentOfOtherReceivables" xlink:label="pbr_AllowanceForImpairmentOfOtherReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AllowanceForImpairmentOfOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456177_3_1"> Allowance for impairment of other receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AllowanceForImpairmentOfOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456177_1_1"> Allowance for impairment of other receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AllowanceForImpairmentOfOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456177_2_1"> Allowance for impairment of other receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AllowanceForImpairmentOfOtherReceivables" xlink:to="pbr_AllowanceForImpairmentOfOtherReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AllowanceForImpairmentOfTradeAndOtherReceivables" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456190_3_1"> Allowance for impairment of trade and other receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456190_1_1"> Allowance for impairment of trade and other receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456190_4_1"> Closing balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456190_5_1"> Opening balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456190_14_1"> Expected credit losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AllowanceForImpairmentOfTradeAndOtherReceivables" xlink:to="pbr_AllowanceForImpairmentOfTradeAndOtherReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesCurrent" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesCurrent_lbl" xml:lang="en-US" id="id_14489302_3456182_3_1"> Allowance for impairment of trade and other receivables current. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesCurrent_lbl" xml:lang="en-US" id="id_14489302_3456182_1_1"> Allowance for impairment of trade and other receivables current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesCurrent_lbl" xml:lang="en-US" id="id_14489302_3456182_2_1"> Current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesCurrent" xlink:to="pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesCurrent_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesNoncurrent" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesNoncurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesNoncurrent_lbl" xml:lang="en-US" id="id_14489302_3456183_3_1"> Allowance for impairment of trade and other receivables non-current. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesNoncurrent_lbl" xml:lang="en-US" id="id_14489302_3456183_1_1"> Allowance for impairment of trade and other receivables non-current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesNoncurrent_lbl" xml:lang="en-US" id="id_14489302_3456183_2_1"> Non-current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesNoncurrent" xlink:to="pbr_AllowanceForImpairmentOfTradeAndOtherReceivablesNoncurrent_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AllowanceForRecognizedCreditLossReceivables" xlink:label="pbr_AllowanceForRecognizedCreditLossReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AllowanceForRecognizedCreditLossReceivables_lbl" xml:lang="en-US" id="id_14489302_3553061_3_1"> Allowance for recognized credit loss receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AllowanceForRecognizedCreditLossReceivables_lbl" xml:lang="en-US" id="id_14489302_3553061_1_1"> Allowance for recognized credit loss receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AllowanceForRecognizedCreditLossReceivables_lbl" xml:lang="en-US" id="id_14489302_3553061_2_1"> Losses on receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AllowanceForRecognizedCreditLossReceivables" xlink:to="pbr_AllowanceForRecognizedCreditLossReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmazonasDistribuidoraDeEnergiaMember" xlink:label="pbr_AmazonasDistribuidoraDeEnergiaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmazonasDistribuidoraDeEnergiaMember_lbl" xml:lang="en-US" id="id_14489302_3492019_3_1"> Amazonas distribuidora de energia. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmazonasDistribuidoraDeEnergiaMember_lbl" xml:lang="en-US" id="id_14489302_3492019_1_1"> Amazonas distribuidora de energia [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmazonasDistribuidoraDeEnergiaMember_lbl" xml:lang="en-US" id="id_14489302_3492019_2_1"> Amazonas Distribuidora de Energia [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmazonasDistribuidoraDeEnergiaMember" xlink:to="pbr_AmazonasDistribuidoraDeEnergiaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmazonasEnergiaAmeMember" xlink:label="pbr_AmazonasEnergiaAmeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmazonasEnergiaAmeMember_lbl" xml:lang="en-US" id="id_14489302_3495650_3_1"> Amazonas energia AME [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmazonasEnergiaAmeMember_lbl" xml:lang="en-US" id="id_14489302_3495650_1_1"> Amazonas energia AME [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmazonasEnergiaAmeMember_lbl" xml:lang="en-US" id="id_14489302_3495650_2_1"> Amazonas distribuidora de energia AmE [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmazonasEnergiaAmeMember" xlink:to="pbr_AmazonasEnergiaAmeMember_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US" id="id_14489302_3416806_1_1"> Amendment Flag </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US" id="id_14489302_3416806_2_1"> Amendment Flag </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3417258_1_1"> Amortisation, intangible assets other than goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3417258_14_1"> Amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmortisationOfCapitalisedInterests" xlink:label="pbr_AmortisationOfCapitalisedInterests"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmortisationOfCapitalisedInterests_lbl" xml:lang="en-US" id="id_14489302_3457008_3_1"> Amortisation of capitalised interests. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmortisationOfCapitalisedInterests_lbl" xml:lang="en-US" id="id_14489302_3457008_1_1"> Amortisation of capitalised interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmortisationOfCapitalisedInterests_lbl" xml:lang="en-US" id="id_14489302_3457008_2_1"> Interest amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmortisationOfCapitalisedInterests" xlink:to="pbr_AmortisationOfCapitalisedInterests_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmortizationExpenseBenefit" xlink:label="pbr_AmortizationExpenseBenefit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmortizationExpenseBenefit_lbl" xml:lang="en-US" id="id_14489302_3556935_3_1"> Amortization Expense Benefit. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmortizationExpenseBenefit_lbl" xml:lang="en-US" id="id_14489302_3556935_1_1"> Amortization Expense Benefit </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmortizationExpenseBenefit_lbl" xml:lang="en-US" id="id_14489302_3556935_2_1"> Principal amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmortizationExpenseBenefit" xlink:to="pbr_AmortizationExpenseBenefit_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmount" xlink:label="ifrs-full_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmount_lbl" xml:lang="en-US" id="id_14489302_3416809_1_1"> Amount by which value assigned to key assumption must change in order for unit's recoverable amount to be equal to carrying amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmount_lbl" xml:lang="en-US" id="id_14489302_3416809_2_1"> Average Brazilian Real (excluding inflation ) - Real /U.S. dollar exchange rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmount" xlink:to="ifrs-full_AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmountOfNaturalGas" xlink:label="pbr_AmountOfNaturalGas"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmountOfNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3523106_3_1"> Amount of natural gas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmountOfNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3523106_1_1"> Amount Of Natural Gas </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmountOfNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3523106_2_1"> Amount Of Natural Gas </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmountOfNaturalGas" xlink:to="pbr_AmountOfNaturalGas_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmountOfNaturalGasEquivalentPerDay" xlink:label="pbr_AmountOfNaturalGasEquivalentPerDay"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmountOfNaturalGasEquivalentPerDay_lbl" xml:lang="en-US" id="id_14489302_3523107_3_1"> Amount of natural gas equivalent per day. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmountOfNaturalGasEquivalentPerDay_lbl" xml:lang="en-US" id="id_14489302_3523107_1_1"> Amount Of Natural Gas Equivalent Per Day </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmountOfNaturalGasEquivalentPerDay_lbl" xml:lang="en-US" id="id_14489302_3523107_2_1"> Amount Of Natural Gas Equivalent Per Day </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmountOfNaturalGasEquivalentPerDay" xlink:to="pbr_AmountOfNaturalGasEquivalentPerDay_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmountOfSaleOfSubsidiaryAsPartOfDisposalGroup" xlink:label="pbr_AmountOfSaleOfSubsidiaryAsPartOfDisposalGroup"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmountOfSaleOfSubsidiaryAsPartOfDisposalGroup_lbl" xml:lang="en-US" id="id_14489302_3456394_3_1"> Amount of sale of subsidiary as part of disposal group. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmountOfSaleOfSubsidiaryAsPartOfDisposalGroup_lbl" xml:lang="en-US" id="id_14489302_3456394_1_1"> Amount of sale of subsidiary as part of disposal group </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmountOfSaleOfSubsidiaryAsPartOfDisposalGroup_lbl" xml:lang="en-US" id="id_14489302_3456394_2_1"> Total amount of sale of subsidiary </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmountOfSaleOfSubsidiaryAsPartOfDisposalGroup" xlink:to="pbr_AmountOfSaleOfSubsidiaryAsPartOfDisposalGroup_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmountOfSubsidyRefusedToGrant" xlink:label="pbr_AmountOfSubsidyRefusedToGrant"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmountOfSubsidyRefusedToGrant_lbl" xml:lang="en-US" id="id_14489302_3540991_3_1"> Amount of subsidy refused to grant. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmountOfSubsidyRefusedToGrant_lbl" xml:lang="en-US" id="id_14489302_3540991_1_1"> Amount of subsidy refused to grant </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmountOfSubsidyRefusedToGrant_lbl" xml:lang="en-US" id="id_14489302_3540991_2_1"> Amount of subsidy refused to grant </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmountOfSubsidyRefusedToGrant" xlink:to="pbr_AmountOfSubsidyRefusedToGrant_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmountReceivedFromDisposalOfOilAndGasAssets" xlink:label="pbr_AmountReceivedFromDisposalOfOilAndGasAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmountReceivedFromDisposalOfOilAndGasAssets_lbl" xml:lang="en-US" id="id_14489302_3456482_3_1"> Amount received from disposal of oil and gas assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmountReceivedFromDisposalOfOilAndGasAssets_lbl" xml:lang="en-US" id="id_14489302_3456482_1_1"> Amount received from disposal of oil and gas assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmountReceivedFromDisposalOfOilAndGasAssets_lbl" xml:lang="en-US" id="id_14489302_3456482_2_1"> Amount received from disposal of asset </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmountReceivedFromDisposalOfOilAndGasAssets" xlink:to="pbr_AmountReceivedFromDisposalOfOilAndGasAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmountReceivedFromDisposalOfOilAndGasAssetsPercentage" xlink:label="pbr_AmountReceivedFromDisposalOfOilAndGasAssetsPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmountReceivedFromDisposalOfOilAndGasAssetsPercentage_lbl" xml:lang="en-US" id="id_14489302_3527055_3_1"> Amount received from disposal of oil and gas assets percentage. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmountReceivedFromDisposalOfOilAndGasAssetsPercentage_lbl" xml:lang="en-US" id="id_14489302_3527055_1_1"> Amount received from disposal of oil and gas assets percentage </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmountReceivedFromDisposalOfOilAndGasAssetsPercentage_lbl" xml:lang="en-US" id="id_14489302_3527055_2_1"> Percentage amount received from disposal of assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmountReceivedFromDisposalOfOilAndGasAssetsPercentage" xlink:to="pbr_AmountReceivedFromDisposalOfOilAndGasAssetsPercentage_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmountRecognisedInOtherComprehensiveIncomeAndDeemedCostMember" xlink:label="pbr_AmountRecognisedInOtherComprehensiveIncomeAndDeemedCostMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmountRecognisedInOtherComprehensiveIncomeAndDeemedCostMember_lbl" xml:lang="en-US" id="id_14489302_3487184_3_1"> Amount recognised in other comprehensive income and deemed. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmountRecognisedInOtherComprehensiveIncomeAndDeemedCostMember_lbl" xml:lang="en-US" id="id_14489302_3487184_1_1"> Amount Recognised In Other Comprehensive Income And Deemed Cost [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmountRecognisedInOtherComprehensiveIncomeAndDeemedCostMember_lbl" xml:lang="en-US" id="id_14489302_3487184_2_1"> Amount recognised in other comprehensive income and deemed [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmountRecognisedInOtherComprehensiveIncomeAndDeemedCostMember" xlink:to="pbr_AmountRecognisedInOtherComprehensiveIncomeAndDeemedCostMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmountRecognizedInTheStatementOfFinancialPositionAbstract" xlink:label="pbr_AmountRecognizedInTheStatementOfFinancialPositionAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmountRecognizedInTheStatementOfFinancialPositionAbstract_lbl" xml:lang="en-US" id="id_14489302_3428048_3_1"> Amount recognized in the statement of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmountRecognizedInTheStatementOfFinancialPositionAbstract_lbl" xml:lang="en-US" id="id_14489302_3428048_1_1"> Amount recognized in the statement of financial position [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmountRecognizedInTheStatementOfFinancialPositionAbstract_lbl" xml:lang="en-US" id="id_14489302_3428048_2_1"> Amounts recognized in the Statement of Financial Position </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmountRecognizedInTheStatementOfFinancialPositionAbstract" xlink:to="pbr_AmountRecognizedInTheStatementOfFinancialPositionAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmountReleasedFromEscrowAccount" xlink:label="pbr_AmountReleasedFromEscrowAccount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmountReleasedFromEscrowAccount_lbl" xml:lang="en-US" id="id_14489302_3433845_3_1"> Amount Released From Escrow Account </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmountReleasedFromEscrowAccount_lbl" xml:lang="en-US" id="id_14489302_3433845_1_1"> Amount Released From Escrow Account </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmountReleasedFromEscrowAccount_lbl" xml:lang="en-US" id="id_14489302_3433845_2_1"> Advances to suppliers from escrow accounts </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmountReleasedFromEscrowAccount" xlink:to="pbr_AmountReleasedFromEscrowAccount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:label="ifrs-full_AmountsPayableRelatedPartyTransactions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountsPayableRelatedPartyTransactions_lbl" xml:lang="en-US" id="id_14489302_3417044_1_1"> Amounts payable, related party transactions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AmountsPayableRelatedPartyTransactions_lbl" xml:lang="en-US" id="id_14489302_3417044_2_1"> Estimated amount of transactions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:to="ifrs-full_AmountsPayableRelatedPartyTransactions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions_lbl" xml:lang="en-US" id="id_14489302_3416820_1_1"> Amounts receivable, related party transactions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AmountsReceivableRelatedPartyTransactions_lbl" xml:lang="en-US" id="id_14489302_3416820_2_1"> Payment measured at present value accounted as receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsReceivableRelatedPartyTransactions" xlink:to="ifrs-full_AmountsReceivableRelatedPartyTransactions_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmountsRecoveredFromLavaJatoInvestigation" xlink:label="pbr_AmountsRecoveredFromLavaJatoInvestigation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmountsRecoveredFromLavaJatoInvestigation_lbl" xml:lang="en-US" id="id_14489302_3461216_3_1"> Amounts recovered from Lava Jato investigation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmountsRecoveredFromLavaJatoInvestigation_lbl" xml:lang="en-US" id="id_14489302_3461216_1_1"> Amounts recovered from Lava Jato investigation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_AmountsRecoveredFromLavaJatoInvestigation_lbl" xml:lang="en-US" id="id_14489302_3461216_14_1"> Amounts recovered from Lava Jato investigation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmountsRecoveredFromLavaJatoInvestigation" xlink:to="pbr_AmountsRecoveredFromLavaJatoInvestigation_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AmsMedicalPlanMember" xlink:label="pbr_AmsMedicalPlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AmsMedicalPlanMember_lbl" xml:lang="en-US" id="id_14489302_3492088_3_1"> AMS medical plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AmsMedicalPlanMember_lbl" xml:lang="en-US" id="id_14489302_3492088_1_1"> AMS medical plan [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AmsMedicalPlanMember_lbl" xml:lang="en-US" id="id_14489302_3492088_2_1"> AMS Medical Plan [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AmsMedicalPlanMember" xlink:to="pbr_AmsMedicalPlanMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:label="ifrs-full_AnalysisOfIncomeAndExpenseAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AnalysisOfIncomeAndExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3416823_1_1"> Analysis of income and expense [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AnalysisOfIncomeAndExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3416823_2_1"> Analysis of income and expense [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:to="ifrs-full_AnalysisOfIncomeAndExpenseAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AnalysisOfPensionAndOtherPostEmploymentBenefitExpenseAbstract" xlink:label="pbr_AnalysisOfPensionAndOtherPostEmploymentBenefitExpenseAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AnalysisOfPensionAndOtherPostEmploymentBenefitExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3430030_3_1"> Analysis of pension and other post employment benefit expense [abstract]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AnalysisOfPensionAndOtherPostEmploymentBenefitExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3430030_1_1"> Analysis of pension and other post employment benefit expense [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AnalysisOfPensionAndOtherPostEmploymentBenefitExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3430030_2_1"> Analysis of pension and other post employment benefit expense [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AnalysisOfPensionAndOtherPostEmploymentBenefitExpenseAbstract" xlink:to="pbr_AnalysisOfPensionAndOtherPostEmploymentBenefitExpenseAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_APointBrCreditGradesMember" xlink:label="pbr_APointBrCreditGradesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_APointBrCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3510355_3_1"> A Point Br Credit Grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_APointBrCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3510355_1_1"> A Point Br Credit Grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_APointBrCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3510355_2_1"> A Point Br Credit Grades [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_APointBrCreditGradesMember" xlink:to="pbr_APointBrCreditGradesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ApplicableTaxRate" xlink:label="ifrs-full_ApplicableTaxRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xml:lang="en-US" id="id_14489302_3417268_1_1"> Applicable tax rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xml:lang="en-US" id="id_14489302_3417268_2_1"> Brazilian statutory corporate tax rates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ApplicableTaxRate" xlink:to="ifrs-full_ApplicableTaxRate_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AppreciationOfCurrencyJapaneseYenMember" xlink:label="pbr_AppreciationOfCurrencyJapaneseYenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AppreciationOfCurrencyJapaneseYenMember_lbl" xml:lang="en-US" id="id_14489302_3487801_3_1"> Appreciation Of Currency Japanese Yen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AppreciationOfCurrencyJapaneseYenMember_lbl" xml:lang="en-US" id="id_14489302_3487801_1_1"> Appreciation Of Currency Japanese Yen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AppreciationOfCurrencyJapaneseYenMember_lbl" xml:lang="en-US" id="id_14489302_3487801_2_1"> Appreciation of currency japanese yen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AppreciationOfCurrencyJapaneseYenMember" xlink:to="pbr_AppreciationOfCurrencyJapaneseYenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AppreciationOfCurrencyPoundSterlingMember" xlink:label="pbr_AppreciationOfCurrencyPoundSterlingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AppreciationOfCurrencyPoundSterlingMember_lbl" xml:lang="en-US" id="id_14489302_3496441_3_1"> Appreciation of currency pound sterling. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AppreciationOfCurrencyPoundSterlingMember_lbl" xml:lang="en-US" id="id_14489302_3496441_1_1"> Appreciation Of Currency Pound Sterling [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AppreciationOfCurrencyPoundSterlingMember_lbl" xml:lang="en-US" id="id_14489302_3496441_2_1"> Appreciation Of Currency Pound Sterling [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AppreciationOfCurrencyPoundSterlingMember" xlink:to="pbr_AppreciationOfCurrencyPoundSterlingMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AppreciationOfCurrencyRealJapaneseYenMember" xlink:label="pbr_AppreciationOfCurrencyRealJapaneseYenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AppreciationOfCurrencyRealJapaneseYenMember_lbl" xml:lang="en-US" id="id_14489302_3510885_3_1"> Appreciation Of Currency Real Japanese Yen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AppreciationOfCurrencyRealJapaneseYenMember_lbl" xml:lang="en-US" id="id_14489302_3510885_1_1"> Appreciation Of Currency Real Japanese Yen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AppreciationOfCurrencyRealJapaneseYenMember_lbl" xml:lang="en-US" id="id_14489302_3510885_2_1"> Appreciation of currency real japanese yen [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AppreciationOfCurrencyRealJapaneseYenMember" xlink:to="pbr_AppreciationOfCurrencyRealJapaneseYenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AppreciationOfCurrencyRealMember" xlink:label="pbr_AppreciationOfCurrencyRealMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AppreciationOfCurrencyRealMember_lbl" xml:lang="en-US" id="id_14489302_3487808_3_1"> Appreciation Of Currency Real [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AppreciationOfCurrencyRealMember_lbl" xml:lang="en-US" id="id_14489302_3487808_1_1"> Appreciation Of Currency Real [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AppreciationOfCurrencyRealMember_lbl" xml:lang="en-US" id="id_14489302_3487808_2_1"> Appreciation of currency Real [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AppreciationOfCurrencyRealMember" xlink:to="pbr_AppreciationOfCurrencyRealMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AppreciationOfCurrencyRealSterlingMember" xlink:label="pbr_AppreciationOfCurrencyRealSterlingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AppreciationOfCurrencyRealSterlingMember_lbl" xml:lang="en-US" id="id_14489302_3498469_3_1"> Appreciation of currency real sterling. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AppreciationOfCurrencyRealSterlingMember_lbl" xml:lang="en-US" id="id_14489302_3498469_1_1"> Appreciation of Currency Real Sterling [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AppreciationOfCurrencyRealSterlingMember_lbl" xml:lang="en-US" id="id_14489302_3498469_2_1"> Appreciation of currency Real /Sterling [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AppreciationOfCurrencyRealSterlingMember" xlink:to="pbr_AppreciationOfCurrencyRealSterlingMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AppropriationsAbstract" xlink:label="pbr_AppropriationsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AppropriationsAbstract_lbl" xml:lang="en-US" id="id_14489302_3529632_3_1"> Appropriations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AppropriationsAbstract_lbl" xml:lang="en-US" id="id_14489302_3529632_1_1"> Appropriations [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AppropriationsAbstract_lbl" xml:lang="en-US" id="id_14489302_3529632_2_1"> Appropriations: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AppropriationsAbstract" xlink:to="pbr_AppropriationsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AraucariaFertilizersPlantMember" xlink:label="pbr_AraucariaFertilizersPlantMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AraucariaFertilizersPlantMember_lbl" xml:lang="en-US" id="id_14489302_3491955_3_1"> Araucaria fertilizers plant. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AraucariaFertilizersPlantMember_lbl" xml:lang="en-US" id="id_14489302_3491955_1_1"> Araucaria fertilizers plant [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AraucariaFertilizersPlantMember_lbl" xml:lang="en-US" id="id_14489302_3491955_2_1"> Araucria fertilizers plant [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AraucariaFertilizersPlantMember" xlink:to="pbr_AraucariaFertilizersPlantMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AraucariaNitrogenadosSAMember" xlink:label="pbr_AraucariaNitrogenadosSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AraucariaNitrogenadosSAMember_lbl" xml:lang="en-US" id="id_14489302_3487634_3_1"> Araucaria Nitrogenados S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AraucariaNitrogenadosSAMember_lbl" xml:lang="en-US" id="id_14489302_3487634_1_1"> Araucaria Nitrogenados S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AraucariaNitrogenadosSAMember_lbl" xml:lang="en-US" id="id_14489302_3487634_2_1"> Araucaria Nitrogenados S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AraucariaNitrogenadosSAMember" xlink:to="pbr_AraucariaNitrogenadosSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AssetHeldForSaleMember" xlink:label="pbr_AssetHeldForSaleMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AssetHeldForSaleMember_lbl" xml:lang="en-US" id="id_14489302_3513450_3_1"> Asset held for sale. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AssetHeldForSaleMember_lbl" xml:lang="en-US" id="id_14489302_3513450_1_1"> Asset Held For Sale [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AssetHeldForSaleMember_lbl" xml:lang="en-US" id="id_14489302_3513450_2_1"> Asset held for sale [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AssetHeldForSaleMember" xlink:to="pbr_AssetHeldForSaleMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Assets" xlink:label="ifrs-full_Assets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US" id="id_14489302_3417056_1_1"> Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US" id="id_14489302_3417056_2_1"> Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US" id="id_14489302_3417056_6_1"> Total assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US" id="id_14489302_3417056_12_1"> Total Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Assets" xlink:to="ifrs-full_Assets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AssetsAbstract" xlink:label="ifrs-full_AssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3417273_1_1"> Assets [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3417273_2_1"> Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAbstract" xlink:to="ifrs-full_AssetsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AssetsAndLiabilitiesAxis" xlink:label="ifrs-full_AssetsAndLiabilitiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAndLiabilitiesAxis_lbl" xml:lang="en-US" id="id_14489302_3417057_1_1"> Assets and liabilities [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAndLiabilitiesAxis_lbl" xml:lang="en-US" id="id_14489302_3417057_2_1"> Assets and liabilities [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesAxis" xlink:to="ifrs-full_AssetsAndLiabilitiesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis" xlink:label="ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis_lbl" xml:lang="en-US" id="id_14489302_3416834_1_1"> Assets and liabilities classified as held for sale [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis_lbl" xml:lang="en-US" id="id_14489302_3416834_2_1"> Assets and liabilities classified as held for sale [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis" xlink:to="ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AssetsAndLiabilitiesMember" xlink:label="ifrs-full_AssetsAndLiabilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAndLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3416835_1_1"> Assets and liabilities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAndLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3416835_2_1"> Assets and liabilities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesMember" xlink:to="ifrs-full_AssetsAndLiabilitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember" xlink:label="ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember_lbl" xml:lang="en-US" id="id_14489302_3416622_1_1"> Assets and liabilities not classified as held for sale [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember_lbl" xml:lang="en-US" id="id_14489302_3416622_2_1"> Assets and liabilities not classified as held for sale [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember" xlink:to="ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AssetsDisposalPercentage" xlink:label="pbr_AssetsDisposalPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AssetsDisposalPercentage_lbl" xml:lang="en-US" id="id_14489302_3553229_3_1"> Assets disposal percentage. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AssetsDisposalPercentage_lbl" xml:lang="en-US" id="id_14489302_3553229_1_1"> Assets Disposal Percentage </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AssetsDisposalPercentage_lbl" xml:lang="en-US" id="id_14489302_3553229_2_1"> Assets disposal percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AssetsDisposalPercentage" xlink:to="pbr_AssetsDisposalPercentage_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AssetsOfDisposalGroupClassifiedAsHeldForSale" xlink:label="pbr_AssetsOfDisposalGroupClassifiedAsHeldForSale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AssetsOfDisposalGroupClassifiedAsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3467424_3_1"> Assets Of Disposal Group Classified As Held For Sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AssetsOfDisposalGroupClassifiedAsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3467424_1_1"> Assets Of Disposal Group Classified As Held For Sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_AssetsOfDisposalGroupClassifiedAsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3467424_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AssetsOfDisposalGroupClassifiedAsHeldForSale" xlink:to="pbr_AssetsOfDisposalGroupClassifiedAsHeldForSale_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleCashAndCashEquivalent" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleCashAndCashEquivalent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleCashAndCashEquivalent_lbl" xml:lang="en-US" id="id_14489302_3436083_3_1"> Assets or disposal groups classified as held for sale, cash and cash equivalent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleCashAndCashEquivalent_lbl" xml:lang="en-US" id="id_14489302_3436083_1_1"> Assets or disposal groups classified as held for sale, cash and cash equivalent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleCashAndCashEquivalent_lbl" xml:lang="en-US" id="id_14489302_3436083_2_1"> Cash and Cash Equivalents </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleCashAndCashEquivalent" xlink:to="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleCashAndCashEquivalent_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInventories" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInventories"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInventories_lbl" xml:lang="en-US" id="id_14489302_3456140_3_1"> Assets or disposal groups classified as held for sale inventories. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInventories_lbl" xml:lang="en-US" id="id_14489302_3456140_1_1"> Assets or disposal groups classified as held for sale inventories </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInventories_lbl" xml:lang="en-US" id="id_14489302_3456140_2_1"> Inventories </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInventories" xlink:to="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInventories_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInvestments" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInvestments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInvestments_lbl" xml:lang="en-US" id="id_14489302_3456141_3_1"> Assets or disposal groups classified as held for sale investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInvestments_lbl" xml:lang="en-US" id="id_14489302_3456141_1_1"> Assets or disposal groups classified as held for sale investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInvestments_lbl" xml:lang="en-US" id="id_14489302_3456141_2_1"> Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInvestments" xlink:to="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleInvestments_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleOthers" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleOthers"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleOthers_lbl" xml:lang="en-US" id="id_14489302_3436086_3_1"> Assets or disposal groups classified as held for sale, Others </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleOthers_lbl" xml:lang="en-US" id="id_14489302_3436086_1_1"> Assets or disposal groups classified as held for sale, Others </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleOthers_lbl" xml:lang="en-US" id="id_14489302_3436086_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleOthers" xlink:to="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleOthers_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSalePropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSalePropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3456145_3_1"> Assets or disposal groups classified as held for sale property plant and equipment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSalePropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3456145_1_1"> Assets or disposal groups classified as held for sale property plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSalePropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3456145_2_1"> Property, plant and equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:to="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSalePropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleTradeReceivables" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleTradeReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3456136_3_1"> Assets or disposal groups classified as held for sale trade receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3456136_1_1"> Assets or disposal groups classified as held for sale trade receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3456136_2_1"> Trade receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleTradeReceivables" xlink:to="pbr_AssetsOrDisposalGroupsClassifiedAsHeldForSaleTradeReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AssetsPledgedAsCollateral" xlink:label="pbr_AssetsPledgedAsCollateral"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AssetsPledgedAsCollateral_lbl" xml:lang="en-US" id="id_14489302_3435046_3_1"> Assets pledged as collateral </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AssetsPledgedAsCollateral_lbl" xml:lang="en-US" id="id_14489302_3435046_1_1"> Assets pledged as collateral </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AssetsPledgedAsCollateral_lbl" xml:lang="en-US" id="id_14489302_3435046_2_1"> Amount pledged on collateral </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AssetsPledgedAsCollateral" xlink:to="pbr_AssetsPledgedAsCollateral_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AssociateImpairmentCharges" xlink:label="pbr_AssociateImpairmentCharges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AssociateImpairmentCharges_lbl" xml:lang="en-US" id="id_14489302_3443595_3_1"> Amount of write-down of investment in associate recognized in the income statement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AssociateImpairmentCharges_lbl" xml:lang="en-US" id="id_14489302_3443595_1_1"> Associate Impairment Charges </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AssociateImpairmentCharges_lbl" xml:lang="en-US" id="id_14489302_3443595_2_1"> Impairment charge </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AssociateImpairmentCharges" xlink:to="pbr_AssociateImpairmentCharges_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AssociatesAndJointVenturesMember" xlink:label="pbr_AssociatesAndJointVenturesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AssociatesAndJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3476663_3_1"> Associates and joint ventures. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AssociatesAndJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3476663_1_1"> Associates and joint ventures [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AssociatesAndJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3476663_2_1"> Associates and joint ventures [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AssociatesAndJointVenturesMember" xlink:to="pbr_AssociatesAndJointVenturesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AssociatesMember" xlink:label="ifrs-full_AssociatesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssociatesMember_lbl" xml:lang="en-US" id="id_14489302_3417279_1_1"> Associates [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssociatesMember_lbl" xml:lang="en-US" id="id_14489302_3417279_2_1"> Associates [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssociatesMember" xlink:to="ifrs-full_AssociatesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AtFairValueMember" xlink:label="ifrs-full_AtFairValueMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AtFairValueMember_lbl" xml:lang="en-US" id="id_14489302_3417065_1_1"> At fair value [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AtFairValueMember_lbl" xml:lang="en-US" id="id_14489302_3417065_2_1"> Fair value [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AtFairValueMember" xlink:to="ifrs-full_AtFairValueMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AuditCommitteeMembersMember" xlink:label="pbr_AuditCommitteeMembersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AuditCommitteeMembersMember_lbl" xml:lang="en-US" id="id_14489302_3510432_3_1"> Audit Committee members. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AuditCommitteeMembersMember_lbl" xml:lang="en-US" id="id_14489302_3510432_1_1"> Audit Committee members [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AuditCommitteeMembersMember_lbl" xml:lang="en-US" id="id_14489302_3510432_2_1"> Audit Committee members [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AuditCommitteeMembersMember" xlink:to="pbr_AuditCommitteeMembersMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AutomaticInvestingAccountsAndInterestCheckingAccountsMember" xlink:label="pbr_AutomaticInvestingAccountsAndInterestCheckingAccountsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AutomaticInvestingAccountsAndInterestCheckingAccountsMember_lbl" xml:lang="en-US" id="id_14489302_3487265_3_1"> Automatic investing accounts and interest checking accounts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AutomaticInvestingAccountsAndInterestCheckingAccountsMember_lbl" xml:lang="en-US" id="id_14489302_3487265_1_1"> Automatic Investing Accounts and Interest Checking Accounts [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AutomaticInvestingAccountsAndInterestCheckingAccountsMember_lbl" xml:lang="en-US" id="id_14489302_3487265_2_1"> Automatic investing accounts and interest checking accounts [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AutomaticInvestingAccountsAndInterestCheckingAccountsMember" xlink:to="pbr_AutomaticInvestingAccountsAndInterestCheckingAccountsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AverageBrent" xlink:label="pbr_AverageBrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AverageBrent_lbl" xml:lang="en-US" id="id_14489302_4062066_3_1"> Average Brent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AverageBrent_lbl" xml:lang="en-US" id="id_14489302_4062066_1_1"> Average Brent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AverageBrent_lbl" xml:lang="en-US" id="id_14489302_4062066_2_1"> Average Brent (US$/bbl) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AverageBrent" xlink:to="pbr_AverageBrent_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AverageCrudeOilPrice" xlink:label="pbr_AverageCrudeOilPrice"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AverageCrudeOilPrice_lbl" xml:lang="en-US" id="id_14489302_3456144_3_1"> Average crude oil price. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AverageCrudeOilPrice_lbl" xml:lang="en-US" id="id_14489302_3456144_1_1"> Average crude oil price </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AverageCrudeOilPrice_lbl" xml:lang="en-US" id="id_14489302_3456144_2_1"> Average Brent crude oil price </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AverageCrudeOilPrice" xlink:to="pbr_AverageCrudeOilPrice_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AverageDurationOfActuarialLiability" xlink:label="pbr_AverageDurationOfActuarialLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AverageDurationOfActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3469995_3_1"> Average duration of actuarial liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AverageDurationOfActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3469995_1_1"> Average duration of actuarial liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AverageDurationOfActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3469995_2_1"> Average duration of actuarial liability related to plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AverageDurationOfActuarialLiability" xlink:to="pbr_AverageDurationOfActuarialLiability_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AverageEffectiveTaxRate" xlink:label="ifrs-full_AverageEffectiveTaxRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AverageEffectiveTaxRate_lbl" xml:lang="en-US" id="id_14489302_3417068_1_1"> Average effective tax rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AverageEffectiveTaxRate_lbl" xml:lang="en-US" id="id_14489302_3417068_2_1"> Effective tax rate of income taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AverageEffectiveTaxRate" xlink:to="ifrs-full_AverageEffectiveTaxRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AverageForeignExchangeRate" xlink:label="ifrs-full_AverageForeignExchangeRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AverageForeignExchangeRate_lbl" xml:lang="en-US" id="id_14489302_3416845_1_1"> Average foreign exchange rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AverageForeignExchangeRate_lbl" xml:lang="en-US" id="id_14489302_3416845_2_1"> Estimated average exchange rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AverageForeignExchangeRate_lbl" xml:lang="en-US" id="id_14489302_3416845_12_1"> Quarterly average exchange rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AverageForeignExchangeRate" xlink:to="ifrs-full_AverageForeignExchangeRate_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AverageMember" xlink:label="pbr_AverageMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AverageMember_lbl" xml:lang="en-US" id="id_14489302_3485186_3_1"> Average. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AverageMember_lbl" xml:lang="en-US" id="id_14489302_3485186_1_1"> Average [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AverageMember_lbl" xml:lang="en-US" id="id_14489302_3485186_2_1"> Average [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AverageMember" xlink:to="pbr_AverageMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_AverageNumberOfEmployees" xlink:label="ifrs-full_AverageNumberOfEmployees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AverageNumberOfEmployees_lbl" xml:lang="en-US" id="id_14489302_3416647_1_1"> Average number of employees </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AverageNumberOfEmployees_lbl" xml:lang="en-US" id="id_14489302_3416647_2_1"> Average number of members in the period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AverageNumberOfEmployees" xlink:to="ifrs-full_AverageNumberOfEmployees_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AverageNumberOfPaidEmployees" xlink:label="pbr_AverageNumberOfPaidEmployees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AverageNumberOfPaidEmployees_lbl" xml:lang="en-US" id="id_14489302_3432913_3_1"> Average number of paid employees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AverageNumberOfPaidEmployees_lbl" xml:lang="en-US" id="id_14489302_3432913_1_1"> Average number of paid employees </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AverageNumberOfPaidEmployees_lbl" xml:lang="en-US" id="id_14489302_3432913_2_1"> Average number of paid members in the period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AverageNumberOfPaidEmployees" xlink:to="pbr_AverageNumberOfPaidEmployees_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AveragePurchaseCost" xlink:label="pbr_AveragePurchaseCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AveragePurchaseCost_lbl" xml:lang="en-US" id="id_14489302_3433084_3_1"> Average purchase cost. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AveragePurchaseCost_lbl" xml:lang="en-US" id="id_14489302_3433084_1_1"> Average purchase cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AveragePurchaseCost_lbl" xml:lang="en-US" id="id_14489302_3433084_2_1"> Average purchase cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AveragePurchaseCost" xlink:to="pbr_AveragePurchaseCost_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AverageRepaymentTermOfDebt" xlink:label="pbr_AverageRepaymentTermOfDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AverageRepaymentTermOfDebt_lbl" xml:lang="en-US" id="id_14489302_3469999_3_1"> Average repayment term of debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AverageRepaymentTermOfDebt_lbl" xml:lang="en-US" id="id_14489302_3469999_1_1"> Average repayment term of debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AverageRepaymentTermOfDebt_lbl" xml:lang="en-US" id="id_14489302_3469999_2_1"> Average repayment term </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AverageRepaymentTermOfDebt" xlink:to="pbr_AverageRepaymentTermOfDebt_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AverageStrikePrice" xlink:label="pbr_AverageStrikePrice"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AverageStrikePrice_lbl" xml:lang="en-US" id="id_14489302_3433083_3_1"> Average strike price. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AverageStrikePrice_lbl" xml:lang="en-US" id="id_14489302_3433083_1_1"> Average strike price </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AverageStrikePrice_lbl" xml:lang="en-US" id="id_14489302_3433083_2_1"> Average strike price </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AverageStrikePrice" xlink:to="pbr_AverageStrikePrice_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_AzulaoFieldMember" xlink:label="pbr_AzulaoFieldMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_AzulaoFieldMember_lbl" xml:lang="en-US" id="id_14489302_3510366_3_1"> Azulao field. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_AzulaoFieldMember_lbl" xml:lang="en-US" id="id_14489302_3510366_1_1"> Azulao field [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_AzulaoFieldMember_lbl" xml:lang="en-US" id="id_14489302_3510366_2_1"> Azulao field [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_AzulaoFieldMember" xlink:to="pbr_AzulaoFieldMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BadejoMember" xlink:label="pbr_BadejoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BadejoMember_lbl" xml:lang="en-US" id="id_14489302_3487751_3_1"> Badejo. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BadejoMember_lbl" xml:lang="en-US" id="id_14489302_3487751_1_1"> Badejo [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BadejoMember_lbl" xml:lang="en-US" id="id_14489302_3487751_2_1"> Badejo [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BadejoMember" xlink:to="pbr_BadejoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BahiaMember" xlink:label="pbr_BahiaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BahiaMember_lbl" xml:lang="en-US" id="id_14489302_3553146_3_1"> Bahia. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BahiaMember_lbl" xml:lang="en-US" id="id_14489302_3553146_1_1"> Bahia [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BahiaMember_lbl" xml:lang="en-US" id="id_14489302_3553146_2_1"> BA [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BahiaMember" xlink:to="pbr_BahiaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BaixadaSantistaEnergiaSAMember" xlink:label="pbr_BaixadaSantistaEnergiaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BaixadaSantistaEnergiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487633_3_1"> Baixada Santista Energia S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BaixadaSantistaEnergiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487633_1_1"> Baixada Santista Energia S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BaixadaSantistaEnergiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487633_2_1"> Baixada Santista Energia S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BaixadaSantistaEnergiaSAMember" xlink:to="pbr_BaixadaSantistaEnergiaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BalanceAfterIfrsAdjustmentsMember" xlink:label="pbr_BalanceAfterIfrsAdjustmentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BalanceAfterIfrsAdjustmentsMember_lbl" xml:lang="en-US" id="id_14489302_3511160_3_1"> Balance After IFRS Adjustments [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BalanceAfterIfrsAdjustmentsMember_lbl" xml:lang="en-US" id="id_14489302_3511160_1_1"> Balance After IFRS Adjustments [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BalanceAfterIfrsAdjustmentsMember_lbl" xml:lang="en-US" id="id_14489302_3511160_2_1"> Balance After IFRS Adjustments [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BalanceAfterIfrsAdjustmentsMember" xlink:to="pbr_BalanceAfterIfrsAdjustmentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BancoDoBrasilFinancialInstitutionOneMember" xlink:label="pbr_BancoDoBrasilFinancialInstitutionOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BancoDoBrasilFinancialInstitutionOneMember_lbl" xml:lang="en-US" id="id_14489302_3553329_3_1"> Banco Do Brasil financial institution one [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BancoDoBrasilFinancialInstitutionOneMember_lbl" xml:lang="en-US" id="id_14489302_3553329_1_1"> Banco Do Brasil financial institution one [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BancoDoBrasilFinancialInstitutionOneMember_lbl" xml:lang="en-US" id="id_14489302_3553329_2_1"> Banco Do Brasil financial institution one [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BancoDoBrasilFinancialInstitutionOneMember" xlink:to="pbr_BancoDoBrasilFinancialInstitutionOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BancoDoBrasilFinancialInstitutionTwoMember" xlink:label="pbr_BancoDoBrasilFinancialInstitutionTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BancoDoBrasilFinancialInstitutionTwoMember_lbl" xml:lang="en-US" id="id_14489302_3553330_3_1"> Banco Do Brasil financial institution two. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BancoDoBrasilFinancialInstitutionTwoMember_lbl" xml:lang="en-US" id="id_14489302_3553330_1_1"> Banco Do Brasil financial institution two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BancoDoBrasilFinancialInstitutionTwoMember_lbl" xml:lang="en-US" id="id_14489302_3553330_2_1"> Banco Do Brasil financial institution two [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BancoDoBrasilFinancialInstitutionTwoMember" xlink:to="pbr_BancoDoBrasilFinancialInstitutionTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BankGuaranteesMember" xlink:label="pbr_BankGuaranteesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BankGuaranteesMember_lbl" xml:lang="en-US" id="id_14489302_3499998_3_1"> Bank guarantees [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BankGuaranteesMember_lbl" xml:lang="en-US" id="id_14489302_3499998_1_1"> Bank Guarantees [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BankGuaranteesMember_lbl" xml:lang="en-US" id="id_14489302_3499998_2_1"> Bank Guarantees [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BankGuaranteesMember" xlink:to="pbr_BankGuaranteesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BankingLoansMember" xlink:label="pbr_BankingLoansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BankingLoansMember_lbl" xml:lang="en-US" id="id_14489302_3510378_3_1"> Banking loans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BankingLoansMember_lbl" xml:lang="en-US" id="id_14489302_3510378_1_1"> Banking loans [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BankingLoansMember_lbl" xml:lang="en-US" id="id_14489302_3510378_2_1"> Banking loans [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BankingLoansMember" xlink:to="pbr_BankingLoansMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BankingMarketMember" xlink:label="pbr_BankingMarketMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BankingMarketMember_lbl" xml:lang="en-US" id="id_14489302_3492082_3_1"> Banking market. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BankingMarketMember_lbl" xml:lang="en-US" id="id_14489302_3492082_1_1"> Banking market [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BankingMarketMember_lbl" xml:lang="en-US" id="id_14489302_3492082_2_1"> Banking market [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BankingMarketMember" xlink:to="pbr_BankingMarketMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BanksControlledByTheBrazilianGovernmentMember" xlink:label="pbr_BanksControlledByTheBrazilianGovernmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BanksControlledByTheBrazilianGovernmentMember_lbl" xml:lang="en-US" id="id_14489302_3491978_3_1"> Banks controlled by the Brazilian Government. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BanksControlledByTheBrazilianGovernmentMember_lbl" xml:lang="en-US" id="id_14489302_3491978_1_1"> Banks controlled by the Brazilian Government [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BanksControlledByTheBrazilianGovernmentMember_lbl" xml:lang="en-US" id="id_14489302_3491978_2_1"> Banks Controlled by the Brazilian Government [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BanksControlledByTheBrazilianGovernmentMember" xlink:to="pbr_BanksControlledByTheBrazilianGovernmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BarreirinhasBasinMember" xlink:label="pbr_BarreirinhasBasinMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BarreirinhasBasinMember_lbl" xml:lang="en-US" id="id_14489302_3553118_3_1"> Barreirinhas basin. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BarreirinhasBasinMember_lbl" xml:lang="en-US" id="id_14489302_3553118_1_1"> Barreirinhas basin [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BarreirinhasBasinMember_lbl" xml:lang="en-US" id="id_14489302_3553118_2_1"> Barreirinhas basin [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BarreirinhasBasinMember" xlink:to="pbr_BarreirinhasBasinMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BarrelsOfOilEquivalentProduced" xlink:label="pbr_BarrelsOfOilEquivalentProduced"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BarrelsOfOilEquivalentProduced_lbl" xml:lang="en-US" id="id_14489302_3528806_3_1"> Barrels of oil equivalent produced. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BarrelsOfOilEquivalentProduced_lbl" xml:lang="en-US" id="id_14489302_3528806_1_1"> Barrels Of Oil Equivalent Produced </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BarrelsOfOilEquivalentProduced_lbl" xml:lang="en-US" id="id_14489302_3528806_2_1"> Number of oil barrels produced </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BarrelsOfOilEquivalentProduced" xlink:to="pbr_BarrelsOfOilEquivalentProduced_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BarrelsOfOilNetVolumeWithdrawnFromReserves" xlink:label="pbr_BarrelsOfOilNetVolumeWithdrawnFromReserves"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BarrelsOfOilNetVolumeWithdrawnFromReserves_lbl" xml:lang="en-US" id="id_14489302_3553248_3_1"> Barrels of oil net volume withdrawn from reserves. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BarrelsOfOilNetVolumeWithdrawnFromReserves_lbl" xml:lang="en-US" id="id_14489302_3553248_1_1"> Barrels of oil net volume withdrawn from reserves </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BarrelsOfOilNetVolumeWithdrawnFromReserves_lbl" xml:lang="en-US" id="id_14489302_3553248_2_1"> Number of oil barrels withdrawn from reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BarrelsOfOilNetVolumeWithdrawnFromReserves" xlink:to="pbr_BarrelsOfOilNetVolumeWithdrawnFromReserves_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BasicAndDilutedEarningsLossPerAdsEquivalentContinuedOperation" xlink:label="pbr_BasicAndDilutedEarningsLossPerAdsEquivalentContinuedOperation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BasicAndDilutedEarningsLossPerAdsEquivalentContinuedOperation_lbl" xml:lang="en-US" id="id_14489302_3914373_3_1"> Basic and diluted earnings loss per ads equivalent continued operation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BasicAndDilutedEarningsLossPerAdsEquivalentContinuedOperation_lbl" xml:lang="en-US" id="id_14489302_3914373_1_1"> Basic and Diluted Earnings Loss Per ADS Equivalent Continued Operation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BasicAndDilutedEarningsLossPerAdsEquivalentContinuedOperation_lbl" xml:lang="en-US" id="id_14489302_3914373_2_1"> Basic and diluted earnings (losses) per ADS equivalent continuing operation-in U.S. dollars </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BasicAndDilutedEarningsLossPerAdsEquivalentContinuedOperation" xlink:to="pbr_BasicAndDilutedEarningsLossPerAdsEquivalentContinuedOperation_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BasicAndDilutedEarningsLossPerADSEquivalentDiscontinuedOperation" xlink:label="pbr_BasicAndDilutedEarningsLossPerADSEquivalentDiscontinuedOperation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BasicAndDilutedEarningsLossPerADSEquivalentDiscontinuedOperation_lbl" xml:lang="en-US" id="id_14489302_3916281_3_1"> Basic and Diluted Earnings Loss Per ADS Equivalent Discontinued Operation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BasicAndDilutedEarningsLossPerADSEquivalentDiscontinuedOperation_lbl" xml:lang="en-US" id="id_14489302_3916281_1_1"> Basic and Diluted Earnings Loss Per ADS Equivalent Discontinued Operation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BasicAndDilutedEarningsLossPerADSEquivalentDiscontinuedOperation_lbl" xml:lang="en-US" id="id_14489302_3916281_2_1"> Basic and diluted earnings (losses) per ADS equivalent discontinuing operation-in U.S. dollars </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BasicAndDilutedEarningsLossPerADSEquivalentDiscontinuedOperation" xlink:to="pbr_BasicAndDilutedEarningsLossPerADSEquivalentDiscontinuedOperation_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BasicAndDilutedEarningsLossPerPerADSEquivalent" xlink:label="pbr_BasicAndDilutedEarningsLossPerPerADSEquivalent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BasicAndDilutedEarningsLossPerPerADSEquivalent_lbl" xml:lang="en-US" id="id_14489302_3523007_3_1"> Basic and diluted earnings (loss) per per ADS equivalent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BasicAndDilutedEarningsLossPerPerADSEquivalent_lbl" xml:lang="en-US" id="id_14489302_3523007_1_1"> Basic and diluted earnings (loss) per per ADS equivalent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_BasicAndDilutedEarningsLossPerPerADSEquivalent_lbl" xml:lang="en-US" id="id_14489302_3523007_6_1"> Basic and diluted earnings (losses) per ADS equivalent-in U.S. dollars </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BasicAndDilutedEarningsLossPerPerADSEquivalent" xlink:to="pbr_BasicAndDilutedEarningsLossPerPerADSEquivalent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BasicAndDilutedEarningsLossPerShare" xlink:label="ifrs-full_BasicAndDilutedEarningsLossPerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BasicAndDilutedEarningsLossPerShare_lbl" xml:lang="en-US" id="id_14489302_3416664_1_1"> Basic and diluted earnings (loss) per share </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BasicAndDilutedEarningsLossPerShare_lbl" xml:lang="en-US" id="id_14489302_3416664_2_1"> Basic and diluted earnings (losses) per weighted-average of common and preferred share - in U.S. dollars </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_BasicAndDilutedEarningsLossPerShare_lbl" xml:lang="en-US" id="id_14489302_3416664_6_1"> Basic and diluted earnings (losses) per share - in U.S. dollars </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicAndDilutedEarningsLossPerShare" xlink:to="ifrs-full_BasicAndDilutedEarningsLossPerShare_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BasicAndDilutedEarningsLossPerShareFromContinuingOperations" xlink:label="ifrs-full_BasicAndDilutedEarningsLossPerShareFromContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BasicAndDilutedEarningsLossPerShareFromContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3416862_1_1"> Basic and diluted earnings (loss) per share from continuing operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BasicAndDilutedEarningsLossPerShareFromContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3416862_2_1"> Basic and diluted earnings (losses) per share from continuing operation- in U.S. dollars </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicAndDilutedEarningsLossPerShareFromContinuingOperations" xlink:to="ifrs-full_BasicAndDilutedEarningsLossPerShareFromContinuingOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BasicAndDilutedEarningsLossPerShareFromDiscontinuedOperations" xlink:label="ifrs-full_BasicAndDilutedEarningsLossPerShareFromDiscontinuedOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BasicAndDilutedEarningsLossPerShareFromDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3417302_1_1"> Basic and diluted earnings (loss) per share from discontinued operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BasicAndDilutedEarningsLossPerShareFromDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3417302_2_1"> Basic and diluted earnings (losses) per share from discontinuing operation- in U.S. dollars </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicAndDilutedEarningsLossPerShareFromDiscontinuedOperations" xlink:to="ifrs-full_BasicAndDilutedEarningsLossPerShareFromDiscontinuedOperations_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BasicOilMember" xlink:label="pbr_BasicOilMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BasicOilMember_lbl" xml:lang="en-US" id="id_14489302_3488453_3_1"> Basic Oil. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BasicOilMember_lbl" xml:lang="en-US" id="id_14489302_3488453_1_1"> Basic Oil [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BasicOilMember_lbl" xml:lang="en-US" id="id_14489302_3488453_2_1"> Basic Oil [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BasicOilMember" xlink:to="pbr_BasicOilMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BasisOfPreparationLineItems" xlink:label="pbr_BasisOfPreparationLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BasisOfPreparationLineItems_lbl" xml:lang="en-US" id="id_14489302_3427891_3_1"> Basis of preparation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BasisOfPreparationLineItems_lbl" xml:lang="en-US" id="id_14489302_3427891_1_1"> Basis Of Preparation [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BasisOfPreparationLineItems_lbl" xml:lang="en-US" id="id_14489302_3427891_2_1"> Basis Of Preparation [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BasisOfPreparationLineItems" xlink:to="pbr_BasisOfPreparationLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BasisOfPreparationTable" xlink:label="pbr_BasisOfPreparationTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BasisOfPreparationTable_lbl" xml:lang="en-US" id="id_14489302_3475174_3_1"> Basis of preparation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BasisOfPreparationTable_lbl" xml:lang="en-US" id="id_14489302_3475174_1_1"> Basis Of Preparation [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BasisOfPreparationTable_lbl" xml:lang="en-US" id="id_14489302_3475174_2_1"> Basis Of Preparation [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BasisOfPreparationTable" xlink:to="pbr_BasisOfPreparationTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BBBCreditGradesMember" xlink:label="pbr_BBBCreditGradesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BBBCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3479751_3_1"> BBB credit grades. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BBBCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3479751_1_1"> BBB credit grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BBBCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3479751_2_1"> BBB credit grades [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BBBCreditGradesMember" xlink:to="pbr_BBBCreditGradesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BBCreditGradesMember" xlink:label="pbr_BBCreditGradesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BBCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3479747_3_1"> BB credit grades. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BBCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3479747_1_1"> BB credit grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BBCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3479747_2_1"> BB credit grades [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BBCreditGradesMember" xlink:to="pbr_BBCreditGradesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BbPointBrCreditGradesMember" xlink:label="pbr_BbPointBrCreditGradesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BbPointBrCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3510346_3_1"> Bb Point Br Credit Grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BbPointBrCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3510346_1_1"> Bb Point Br Credit Grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BbPointBrCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3510346_2_1"> Bb Point Br Credit Grades [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BbPointBrCreditGradesMember" xlink:to="pbr_BbPointBrCreditGradesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BCreditGradesMember" xlink:label="pbr_BCreditGradesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3498140_3_1"> B credit grades. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3498140_1_1"> B Credit Grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3498140_2_1"> B Credit Grades [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BCreditGradesMember" xlink:to="pbr_BCreditGradesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BeforeTaxMember" xlink:label="pbr_BeforeTaxMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BeforeTaxMember_lbl" xml:lang="en-US" id="id_14489302_3496614_3_1"> Before Tax [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BeforeTaxMember_lbl" xml:lang="en-US" id="id_14489302_3496614_1_1"> Before Tax [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BeforeTaxMember_lbl" xml:lang="en-US" id="id_14489302_3496614_2_1"> Before Tax [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BeforeTaxMember" xlink:to="pbr_BeforeTaxMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BenefitsDueToTerminationOfTenure" xlink:label="pbr_BenefitsDueToTerminationOfTenure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BenefitsDueToTerminationOfTenure_lbl" xml:lang="en-US" id="id_14489302_3553166_3_1"> Benefits due to termination of tenure. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BenefitsDueToTerminationOfTenure_lbl" xml:lang="en-US" id="id_14489302_3553166_1_1"> Benefits due to termination of tenure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BenefitsDueToTerminationOfTenure_lbl" xml:lang="en-US" id="id_14489302_3553166_2_1"> Benefits due to termination of tenure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BenefitsDueToTerminationOfTenure" xlink:to="pbr_BenefitsDueToTerminationOfTenure_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BenefitsPaidFairValueOfPlanAssets" xlink:label="pbr_BenefitsPaidFairValueOfPlanAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BenefitsPaidFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3456168_3_1"> Benefits paid fair value of plan assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BenefitsPaidFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3456168_1_1"> Benefits Paid Fair Value Of Plan Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BenefitsPaidFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3456168_2_1"> Benefits Paid </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BenefitsPaidFairValueOfPlanAssets" xlink:to="pbr_BenefitsPaidFairValueOfPlanAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BenefitsPaidNetDefinedBenefitLiabilityAsset" xlink:label="pbr_BenefitsPaidNetDefinedBenefitLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BenefitsPaidNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3433405_3_1"> Benefits paid, net defined benefit liability (asset). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BenefitsPaidNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3433405_1_1"> Benefits paid, net defined benefit liability (asset) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_BenefitsPaidNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3433405_14_1"> Benefits paid </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BenefitsPaidNetDefinedBenefitLiabilityAsset" xlink:to="pbr_BenefitsPaidNetDefinedBenefitLiabilityAsset_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BicudoMember" xlink:label="pbr_BicudoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BicudoMember_lbl" xml:lang="en-US" id="id_14489302_3487752_3_1"> Bicudo. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BicudoMember_lbl" xml:lang="en-US" id="id_14489302_3487752_1_1"> Bicudo [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BicudoMember_lbl" xml:lang="en-US" id="id_14489302_3487752_2_1"> Bicudo [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BicudoMember" xlink:to="pbr_BicudoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BijupiraAndSalemaGroupMember" xlink:label="pbr_BijupiraAndSalemaGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BijupiraAndSalemaGroupMember_lbl" xml:lang="en-US" id="id_14489302_3553135_3_1"> Bijupira and Salema Group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BijupiraAndSalemaGroupMember_lbl" xml:lang="en-US" id="id_14489302_3553135_1_1"> Bijupira and Salema Group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BijupiraAndSalemaGroupMember_lbl" xml:lang="en-US" id="id_14489302_3553135_2_1"> Bijupira and Salema Group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BijupiraAndSalemaGroupMember" xlink:to="pbr_BijupiraAndSalemaGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BijupiraAndSalemaMember" xlink:label="pbr_BijupiraAndSalemaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BijupiraAndSalemaMember_lbl" xml:lang="en-US" id="id_14489302_3487690_3_1"> Bijupira and Salema. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BijupiraAndSalemaMember_lbl" xml:lang="en-US" id="id_14489302_3487690_1_1"> Bijupira And Salema [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BijupiraAndSalemaMember_lbl" xml:lang="en-US" id="id_14489302_3487690_2_1"> Bijupira and Salema [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BijupiraAndSalemaMember" xlink:to="pbr_BijupiraAndSalemaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BioenergeticaBritarumaSAMember" xlink:label="pbr_BioenergeticaBritarumaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BioenergeticaBritarumaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487579_3_1"> Bioenergetica Britaruma S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BioenergeticaBritarumaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487579_1_1"> Bioenergetica Britaruma S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BioenergeticaBritarumaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487579_2_1"> Bioenergetica Britaruma S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BioenergeticaBritarumaSAMember" xlink:to="pbr_BioenergeticaBritarumaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_Biofuels" xlink:label="pbr_Biofuels"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_Biofuels_lbl" xml:lang="en-US" id="id_14489302_3463203_3_1"> A classification of current inventory representing the amount of biofuels. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_Biofuels_lbl" xml:lang="en-US" id="id_14489302_3463203_1_1"> Biofuels </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_Biofuels_lbl" xml:lang="en-US" id="id_14489302_3463203_2_1"> Biofuels </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_Biofuels" xlink:to="pbr_Biofuels_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BiofuelsMember" xlink:label="pbr_BiofuelsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BiofuelsMember_lbl" xml:lang="en-US" id="id_14489302_3487724_3_1"> Biofuels. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BiofuelsMember_lbl" xml:lang="en-US" id="id_14489302_3487724_1_1"> Biofuels [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BiofuelsMember_lbl" xml:lang="en-US" id="id_14489302_3487724_2_1"> Biofuels [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BiofuelsMember" xlink:to="pbr_BiofuelsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BiofuelsSegmentMember" xlink:label="pbr_BiofuelsSegmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BiofuelsSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3487636_3_1"> Biofuels segment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BiofuelsSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3487636_1_1"> Biofuels Segment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BiofuelsSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3487636_2_1"> Biofuels Segment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BiofuelsSegmentMember" xlink:to="pbr_BiofuelsSegmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BoardMembersAndAlternateMember" xlink:label="pbr_BoardMembersAndAlternateMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BoardMembersAndAlternateMember_lbl" xml:lang="en-US" id="id_14489302_3492054_3_1"> Board members and alternate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BoardMembersAndAlternateMember_lbl" xml:lang="en-US" id="id_14489302_3492054_1_1"> Board members and alternate [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BoardMembersAndAlternateMember_lbl" xml:lang="en-US" id="id_14489302_3492054_2_1"> Board Members and Alternates [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BoardMembersAndAlternateMember" xlink:to="pbr_BoardMembersAndAlternateMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BoardMembersMember" xlink:label="pbr_BoardMembersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BoardMembersMember_lbl" xml:lang="en-US" id="id_14489302_3504428_3_1"> Board members [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BoardMembersMember_lbl" xml:lang="en-US" id="id_14489302_3504428_1_1"> Board members [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BoardMembersMember_lbl" xml:lang="en-US" id="id_14489302_3504428_2_1"> Board members [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BoardMembersMember" xlink:to="pbr_BoardMembersMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BoardOfDirectorsAndExecutiveCommitteeMember" xlink:label="pbr_BoardOfDirectorsAndExecutiveCommitteeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BoardOfDirectorsAndExecutiveCommitteeMember_lbl" xml:lang="en-US" id="id_14489302_3496973_3_1"> Board of directors and executive committee. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BoardOfDirectorsAndExecutiveCommitteeMember_lbl" xml:lang="en-US" id="id_14489302_3496973_1_1"> Board Of Directors And Executive Committee [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BoardOfDirectorsAndExecutiveCommitteeMember_lbl" xml:lang="en-US" id="id_14489302_3496973_2_1"> Board Of Directors and Executive Committee [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BoardOfDirectorsAndExecutiveCommitteeMember" xlink:to="pbr_BoardOfDirectorsAndExecutiveCommitteeMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BondsIssued" xlink:label="ifrs-full_BondsIssued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BondsIssued_lbl" xml:lang="en-US" id="id_14489302_3417321_1_1"> Bonds issued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BondsIssued_lbl" xml:lang="en-US" id="id_14489302_3417321_2_1"> Bonds issued </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BondsIssued" xlink:to="ifrs-full_BondsIssued_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BorrowerByCreditCategoryAxis" xlink:label="pbr_BorrowerByCreditCategoryAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BorrowerByCreditCategoryAxis_lbl" xml:lang="en-US" id="id_14489302_3475679_3_1"> Borrower By Credit Category [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BorrowerByCreditCategoryAxis_lbl" xml:lang="en-US" id="id_14489302_3475679_1_1"> Borrower By Credit Category [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BorrowerByCreditCategoryAxis_lbl" xml:lang="en-US" id="id_14489302_3475679_2_1"> Borrower By Credit Category [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BorrowerByCreditCategoryAxis" xlink:to="pbr_BorrowerByCreditCategoryAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BorrowerByCreditCategoryDomain" xlink:label="pbr_BorrowerByCreditCategoryDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BorrowerByCreditCategoryDomain_lbl" xml:lang="en-US" id="id_14489302_3487204_3_1"> Borrower By Credit Category [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BorrowerByCreditCategoryDomain_lbl" xml:lang="en-US" id="id_14489302_3487204_1_1"> Borrower By Credit Category [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BorrowerByCreditCategoryDomain_lbl" xml:lang="en-US" id="id_14489302_3487204_2_1"> Borrower By Credit Category [domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BorrowerByCreditCategoryDomain" xlink:to="pbr_BorrowerByCreditCategoryDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingCostsAbstract" xlink:label="ifrs-full_BorrowingCostsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingCostsAbstract_lbl" xml:lang="en-US" id="id_14489302_3416884_1_1"> Borrowing costs [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingCostsAbstract_lbl" xml:lang="en-US" id="id_14489302_3416884_2_1"> Borrowing costs [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingCostsAbstract" xlink:to="ifrs-full_BorrowingCostsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingCostsCapitalised" xlink:label="ifrs-full_BorrowingCostsCapitalised"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingCostsCapitalised_lbl" xml:lang="en-US" id="id_14489302_3416885_1_1"> Borrowing costs capitalised </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingCostsCapitalised_lbl" xml:lang="en-US" id="id_14489302_3416885_2_1"> Capitalized borrowing costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingCostsCapitalised" xlink:to="ifrs-full_BorrowingCostsCapitalised_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingCostsIncurred" xlink:label="ifrs-full_BorrowingCostsIncurred"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingCostsIncurred_lbl" xml:lang="en-US" id="id_14489302_3417322_1_1"> Borrowing costs incurred </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingCostsIncurred_lbl" xml:lang="en-US" id="id_14489302_3417322_2_1"> Capitalized borrowing costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingCostsIncurred" xlink:to="ifrs-full_BorrowingCostsIncurred_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Borrowings" xlink:label="ifrs-full_Borrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US" id="id_14489302_3416694_1_1"> Borrowings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US" id="id_14489302_3416694_4_1"> Ending balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US" id="id_14489302_3416694_5_1"> Opening balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US" id="id_14489302_3416694_2_1"> Financing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US" id="id_14489302_3416694_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Borrowings" xlink:to="ifrs-full_Borrowings_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingsByNameAxis" xlink:label="ifrs-full_BorrowingsByNameAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsByNameAxis_lbl" xml:lang="en-US" id="id_14489302_3416696_1_1"> Borrowings by name [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsByNameAxis_lbl" xml:lang="en-US" id="id_14489302_3416696_2_1"> Borrowings by name [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameAxis" xlink:to="ifrs-full_BorrowingsByNameAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingsByNameMember" xlink:label="ifrs-full_BorrowingsByNameMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsByNameMember_lbl" xml:lang="en-US" id="id_14489302_3416886_1_1"> Borrowings by name [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsByNameMember_lbl" xml:lang="en-US" id="id_14489302_3416886_2_1"> Borrowings by name [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameMember" xlink:to="ifrs-full_BorrowingsByNameMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingsInterestRate" xlink:label="ifrs-full_BorrowingsInterestRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsInterestRate_lbl" xml:lang="en-US" id="id_14489302_3417325_1_1"> Borrowings, interest rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsInterestRate_lbl" xml:lang="en-US" id="id_14489302_3417325_2_1"> Average interest rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsInterestRate" xlink:to="ifrs-full_BorrowingsInterestRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BorrowingsMaturity" xlink:label="ifrs-full_BorrowingsMaturity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsMaturity_lbl" xml:lang="en-US" id="id_14489302_3416697_1_1"> Borrowings, maturity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsMaturity_lbl" xml:lang="en-US" id="id_14489302_3416697_2_1"> Average maturity of outstanding debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsMaturity" xlink:to="ifrs-full_BorrowingsMaturity_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BorrowingsPrincipalAmount" xlink:label="pbr_BorrowingsPrincipalAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BorrowingsPrincipalAmount_lbl" xml:lang="en-US" id="id_14489302_3441323_3_1"> Borrowings principal amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BorrowingsPrincipalAmount_lbl" xml:lang="en-US" id="id_14489302_3441323_1_1"> Borrowings principal amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BorrowingsPrincipalAmount_lbl" xml:lang="en-US" id="id_14489302_3441323_2_1"> Principal </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BorrowingsPrincipalAmount" xlink:to="pbr_BorrowingsPrincipalAmount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BottomOfRangeMember" xlink:label="ifrs-full_BottomOfRangeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BottomOfRangeMember_lbl" xml:lang="en-US" id="id_14489302_3416700_1_1"> Bottom of range [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BottomOfRangeMember_lbl" xml:lang="en-US" id="id_14489302_3416700_2_1"> Bottom of range [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BottomOfRangeMember" xlink:to="ifrs-full_BottomOfRangeMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_BR" xlink:label="country_BR"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_BR_lbl" xml:lang="en-US" id="id_14489302_3416702_1_1"> BRAZIL </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_BR_lbl" xml:lang="en-US" id="id_14489302_3416702_2_1"> Brazil member </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_BR" xlink:to="country_BR_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BradescoMember" xlink:label="pbr_BradescoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BradescoMember_lbl" xml:lang="en-US" id="id_14489302_3488412_3_1"> Bradesco [member]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BradescoMember_lbl" xml:lang="en-US" id="id_14489302_3488412_1_1"> Bradesco [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BradescoMember_lbl" xml:lang="en-US" id="id_14489302_3488412_2_1"> Bradesco [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BradescoMember" xlink:to="pbr_BradescoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BraskemSAMember" xlink:label="pbr_BraskemSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BraskemSAMember_lbl" xml:lang="en-US" id="id_14489302_3492078_3_1"> Braskem S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BraskemSAMember_lbl" xml:lang="en-US" id="id_14489302_3492078_1_1"> Braskem S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BraskemSAMember_lbl" xml:lang="en-US" id="id_14489302_3492078_2_1"> Braskem S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BraskemSAMember" xlink:to="pbr_BraskemSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BraspetroOilServicesCompanyBrasoilMember" xlink:label="pbr_BraspetroOilServicesCompanyBrasoilMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BraspetroOilServicesCompanyBrasoilMember_lbl" xml:lang="en-US" id="id_14489302_3487507_3_1"> Braspetro Oil Services Company- Brasoil. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BraspetroOilServicesCompanyBrasoilMember_lbl" xml:lang="en-US" id="id_14489302_3487507_1_1"> Braspetro Oil Services Company Brasoil [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BraspetroOilServicesCompanyBrasoilMember_lbl" xml:lang="en-US" id="id_14489302_3487507_2_1"> Braspetro Oil Services Company Brasoil [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BraspetroOilServicesCompanyBrasoilMember" xlink:to="pbr_BraspetroOilServicesCompanyBrasoilMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BrasympeEnergiaSAMember" xlink:label="pbr_BrasympeEnergiaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BrasympeEnergiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487563_3_1"> Brasympe Energia S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BrasympeEnergiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487563_1_1"> Brasympe Energia S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BrasympeEnergiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487563_2_1"> Brasympe Energia S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BrasympeEnergiaSAMember" xlink:to="pbr_BrasympeEnergiaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BrazilianAgencyOfPetroleumNaturalGasAndBiofuelsMember" xlink:label="pbr_BrazilianAgencyOfPetroleumNaturalGasAndBiofuelsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BrazilianAgencyOfPetroleumNaturalGasAndBiofuelsMember_lbl" xml:lang="en-US" id="id_14489302_3487656_3_1"> Brazilian agency of petroleum natural gas and biofuels. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BrazilianAgencyOfPetroleumNaturalGasAndBiofuelsMember_lbl" xml:lang="en-US" id="id_14489302_3487656_1_1"> Brazilian Agency Of Petroleum Natural Gas And Biofuels [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BrazilianAgencyOfPetroleumNaturalGasAndBiofuelsMember_lbl" xml:lang="en-US" id="id_14489302_3487656_2_1"> Brazilian Agency Of Petroleum Natural Gas And Biofuels [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BrazilianAgencyOfPetroleumNaturalGasAndBiofuelsMember" xlink:to="pbr_BrazilianAgencyOfPetroleumNaturalGasAndBiofuelsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BrazilianAuthoritiesMember" xlink:label="pbr_BrazilianAuthoritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BrazilianAuthoritiesMember_lbl" xml:lang="en-US" id="id_14489302_3540981_3_1"> Brazilian authorities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BrazilianAuthoritiesMember_lbl" xml:lang="en-US" id="id_14489302_3540981_1_1"> Brazilian authorities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BrazilianAuthoritiesMember_lbl" xml:lang="en-US" id="id_14489302_3540981_2_1"> Brazilian authorities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BrazilianAuthoritiesMember" xlink:to="pbr_BrazilianAuthoritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BrazilianFederalGovernmentMember" xlink:label="pbr_BrazilianFederalGovernmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BrazilianFederalGovernmentMember_lbl" xml:lang="en-US" id="id_14489302_3487655_3_1"> Brazilian Federal Government. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BrazilianFederalGovernmentMember_lbl" xml:lang="en-US" id="id_14489302_3487655_1_1"> Brazilian Federal Government [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BrazilianFederalGovernmentMember_lbl" xml:lang="en-US" id="id_14489302_3487655_2_1"> Brazilian Federal Government [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BrazilianFederalGovernmentMember" xlink:to="pbr_BrazilianFederalGovernmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BrazilianFederalSettlementProgramsMember" xlink:label="pbr_BrazilianFederalSettlementProgramsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BrazilianFederalSettlementProgramsMember_lbl" xml:lang="en-US" id="id_14489302_3510339_3_1"> Brazilian federal settlement programs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BrazilianFederalSettlementProgramsMember_lbl" xml:lang="en-US" id="id_14489302_3510339_1_1"> Brazilian federal settlement programs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BrazilianFederalSettlementProgramsMember_lbl" xml:lang="en-US" id="id_14489302_3510339_2_1"> Brazilian federal settlement programs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BrazilianFederalSettlementProgramsMember" xlink:to="pbr_BrazilianFederalSettlementProgramsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BrazilianIncomeTaxes" xlink:label="pbr_BrazilianIncomeTaxes"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BrazilianIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3450987_3_1"> Brazilian income taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BrazilianIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3450987_1_1"> Brazilian Income Taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_BrazilianIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3450987_14_1"> Brazilian income taxes on income of companies incorporated outside Brazil </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BrazilianIncomeTaxes" xlink:to="pbr_BrazilianIncomeTaxes_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BrazilianRealToUsDollarMember" xlink:label="pbr_BrazilianRealToUsDollarMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BrazilianRealToUsDollarMember_lbl" xml:lang="en-US" id="id_14489302_3498395_3_1"> Brazilian real to US dollar. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BrazilianRealToUsDollarMember_lbl" xml:lang="en-US" id="id_14489302_3498395_1_1"> Brazilian Real To US Dollar [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BrazilianRealToUsDollarMember_lbl" xml:lang="en-US" id="id_14489302_3498395_2_1"> R$ indexed to US$ [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BrazilianRealToUsDollarMember" xlink:to="pbr_BrazilianRealToUsDollarMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BrazilInterbankDepositRateMember" xlink:label="pbr_BrazilInterbankDepositRateMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BrazilInterbankDepositRateMember_lbl" xml:lang="en-US" id="id_14489302_3511116_3_1"> Brazil Interbank Deposit Rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BrazilInterbankDepositRateMember_lbl" xml:lang="en-US" id="id_14489302_3511116_1_1"> Brazil Interbank Deposit Rate [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BrazilInterbankDepositRateMember_lbl" xml:lang="en-US" id="id_14489302_3511116_2_1"> Brazil Interbank Deposit Rate [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BrazilInterbankDepositRateMember" xlink:to="pbr_BrazilInterbankDepositRateMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BRDistribuidoraMember" xlink:label="pbr_BRDistribuidoraMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BRDistribuidoraMember_lbl" xml:lang="en-US" id="id_14489302_3553059_3_1"> BR Distribuidora. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BRDistribuidoraMember_lbl" xml:lang="en-US" id="id_14489302_3553059_1_1"> BR Distribuidora [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BRDistribuidoraMember_lbl" xml:lang="en-US" id="id_14489302_3553059_2_1"> BR Distribuidora [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BRDistribuidoraMember" xlink:to="pbr_BRDistribuidoraMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BreakageMember" xlink:label="pbr_BreakageMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BreakageMember_lbl" xml:lang="en-US" id="id_14489302_3495311_3_1"> Breakage. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BreakageMember_lbl" xml:lang="en-US" id="id_14489302_3495311_1_1"> Breakage [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BreakageMember_lbl" xml:lang="en-US" id="id_14489302_3495311_2_1"> Breakage [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BreakageMember" xlink:to="pbr_BreakageMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BreitenerEnergeticaSAMember" xlink:label="pbr_BreitenerEnergeticaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BreitenerEnergeticaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487505_3_1"> Breitener Energetica S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BreitenerEnergeticaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487505_1_1"> Breitener Energetica S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BreitenerEnergeticaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487505_2_1"> Breitener Energetica S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BreitenerEnergeticaSAMember" xlink:to="pbr_BreitenerEnergeticaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BrentechEnergiaSAMember" xlink:label="pbr_BrentechEnergiaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BrentechEnergiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487540_3_1"> Brentech Energia S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BrentechEnergiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487540_1_1"> Brentech Energia S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BrentechEnergiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487540_2_1"> Brentech Energia S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BrentechEnergiaSAMember" xlink:to="pbr_BrentechEnergiaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BTGPactualEAndPBVMember" xlink:label="pbr_BTGPactualEAndPBVMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BTGPactualEAndPBVMember_lbl" xml:lang="en-US" id="id_14489302_3553108_3_1"> BTG Pactual E and P BV. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BTGPactualEAndPBVMember_lbl" xml:lang="en-US" id="id_14489302_3553108_1_1"> BTGPactualEAndPBV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BTGPactualEAndPBVMember_lbl" xml:lang="en-US" id="id_14489302_3553108_2_1"> BTG Pactual E and P BV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BTGPactualEAndPBVMember" xlink:to="pbr_BTGPactualEAndPBVMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BuildingsAndImprovementMember" xlink:label="pbr_BuildingsAndImprovementMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BuildingsAndImprovementMember_lbl" xml:lang="en-US" id="id_14489302_3487653_3_1"> Buildings and improvement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BuildingsAndImprovementMember_lbl" xml:lang="en-US" id="id_14489302_3487653_1_1"> Buildings And Improvement [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BuildingsAndImprovementMember_lbl" xml:lang="en-US" id="id_14489302_3487653_2_1"> Buildings and improvements [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BuildingsAndImprovementMember" xlink:to="pbr_BuildingsAndImprovementMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_BuildingsAndImprovementsEquipmentAndOtherAssetsMember" xlink:label="pbr_BuildingsAndImprovementsEquipmentAndOtherAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_BuildingsAndImprovementsEquipmentAndOtherAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3487666_3_1"> Buildings and improvements equipment and other assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_BuildingsAndImprovementsEquipmentAndOtherAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3487666_1_1"> Buildings And Improvements Equipment And Other Assets [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_BuildingsAndImprovementsEquipmentAndOtherAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3487666_2_1"> Buildings and improvements, equipment and other assets [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_BuildingsAndImprovementsEquipmentAndOtherAssetsMember" xlink:to="pbr_BuildingsAndImprovementsEquipmentAndOtherAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_BusinessCombinationsAxis" xlink:label="ifrs-full_BusinessCombinationsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BusinessCombinationsAxis_lbl" xml:lang="en-US" id="id_14489302_3417116_1_1"> Business combinations [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BusinessCombinationsAxis_lbl" xml:lang="en-US" id="id_14489302_3417116_2_1"> Business combinations [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BusinessCombinationsAxis" xlink:to="ifrs-full_BusinessCombinationsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CaiobaMember" xlink:label="pbr_CaiobaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CaiobaMember_lbl" xml:lang="en-US" id="id_14489302_3553130_3_1"> Caioba [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CaiobaMember_lbl" xml:lang="en-US" id="id_14489302_3553130_1_1"> Caioba [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CaiobaMember_lbl" xml:lang="en-US" id="id_14489302_3553130_2_1"> Caioba [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CaiobaMember" xlink:to="pbr_CaiobaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CaixaEconomicaFederalMember" xlink:label="pbr_CaixaEconomicaFederalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CaixaEconomicaFederalMember_lbl" xml:lang="en-US" id="id_14489302_3491863_3_1"> Caixa economica federal. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CaixaEconomicaFederalMember_lbl" xml:lang="en-US" id="id_14489302_3491863_1_1"> Caixa Economica Federal [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CaixaEconomicaFederalMember_lbl" xml:lang="en-US" id="id_14489302_3491863_2_1"> Caixa Economica Federal [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CaixaEconomicaFederalMember" xlink:to="pbr_CaixaEconomicaFederalMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CamorimMember" xlink:label="pbr_CamorimMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CamorimMember_lbl" xml:lang="en-US" id="id_14489302_3553128_3_1"> Camorim [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CamorimMember_lbl" xml:lang="en-US" id="id_14489302_3553128_1_1"> Camorim [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CamorimMember_lbl" xml:lang="en-US" id="id_14489302_3553128_2_1"> Camorim [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CamorimMember" xlink:to="pbr_CamorimMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CamposBasinMember" xlink:label="pbr_CamposBasinMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CamposBasinMember_lbl" xml:lang="en-US" id="id_14489302_3487701_3_1"> Campos basin. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CamposBasinMember_lbl" xml:lang="en-US" id="id_14489302_3487701_1_1"> Campos Basin [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CamposBasinMember_lbl" xml:lang="en-US" id="id_14489302_3487701_2_1"> Campos Basin [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CamposBasinMember" xlink:to="pbr_CamposBasinMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CandeiasMember" xlink:label="pbr_CandeiasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CandeiasMember_lbl" xml:lang="en-US" id="id_14489302_3510353_3_1"> Candeias. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CandeiasMember_lbl" xml:lang="en-US" id="id_14489302_3510353_1_1"> Candeias [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CandeiasMember_lbl" xml:lang="en-US" id="id_14489302_3510353_2_1"> Candeias [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CandeiasMember" xlink:to="pbr_CandeiasMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalExpendituresAndFinancingActivitiesNotInvolvingCashAbstract" xlink:label="pbr_CapitalExpendituresAndFinancingActivitiesNotInvolvingCashAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalExpendituresAndFinancingActivitiesNotInvolvingCashAbstract_lbl" xml:lang="en-US" id="id_14489302_3531398_3_1"> Capital Expenditures and Financing Activities not Involving Cash [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalExpendituresAndFinancingActivitiesNotInvolvingCashAbstract_lbl" xml:lang="en-US" id="id_14489302_3531398_1_1"> Capital Expenditures and Financing Activities not Involving Cash [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalExpendituresAndFinancingActivitiesNotInvolvingCashAbstract_lbl" xml:lang="en-US" id="id_14489302_3531398_2_1"> Capital expenditures and financing activities not involving cash </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalExpendituresAndFinancingActivitiesNotInvolvingCashAbstract" xlink:to="pbr_CapitalExpendituresAndFinancingActivitiesNotInvolvingCashAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalExpendituresClassifiedAsFinancing" xlink:label="pbr_CapitalExpendituresClassifiedAsFinancing"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalExpendituresClassifiedAsFinancing_lbl" xml:lang="en-US" id="id_14489302_3461222_3_1"> Capital expenditures classified as financing. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalExpendituresClassifiedAsFinancing_lbl" xml:lang="en-US" id="id_14489302_3461222_1_1"> Capital expenditures classified as financing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalExpendituresClassifiedAsFinancing_lbl" xml:lang="en-US" id="id_14489302_3461222_2_1"> Capital expenditures classified as financing </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalExpendituresClassifiedAsFinancing" xlink:to="pbr_CapitalExpendituresClassifiedAsFinancing_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalExpendituresClassifiedAsOperatingActivities" xlink:label="pbr_CapitalExpendituresClassifiedAsOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalExpendituresClassifiedAsOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3461221_3_1"> Capital expenditures classified as operating activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalExpendituresClassifiedAsOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3461221_1_1"> Capital expenditures classified as operating activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalExpendituresClassifiedAsOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3461221_2_1"> Capital expenditures classified as operating activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalExpendituresClassifiedAsOperatingActivities" xlink:to="pbr_CapitalExpendituresClassifiedAsOperatingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalExpendituresIncurredButNotYetPaid1" xlink:label="pbr_CapitalExpendituresIncurredButNotYetPaid1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalExpendituresIncurredButNotYetPaid1_lbl" xml:lang="en-US" id="id_14489302_3456980_3_1"> Capital expenditures incurred but not yet paid. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalExpendituresIncurredButNotYetPaid1_lbl" xml:lang="en-US" id="id_14489302_3456980_1_1"> Capital expenditures incurred but not yet paid1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalExpendituresIncurredButNotYetPaid1_lbl" xml:lang="en-US" id="id_14489302_3456980_2_1"> Purchase of property, plant and equipment on credit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalExpendituresIncurredButNotYetPaid1" xlink:to="pbr_CapitalExpendituresIncurredButNotYetPaid1_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation" xlink:label="ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation_lbl" xml:lang="en-US" id="id_14489302_3417127_1_1"> Capitalisation rate of borrowing costs eligible for capitalisation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation_lbl" xml:lang="en-US" id="id_14489302_3417127_2_1"> Capitalization rate used for capitalization borrowing costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation" xlink:to="ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedBorrowingCostsIntangibleAssetsOtherThanGoodwill" xlink:label="pbr_CapitalizedBorrowingCostsIntangibleAssetsOtherThanGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedBorrowingCostsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3450506_3_1"> Capitalized borrowing costs intangible assets other than goodwill. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedBorrowingCostsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3450506_1_1"> Capitalized Borrowing Costs Intangible Assets Other Than Goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalizedBorrowingCostsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3450506_2_1"> Capitalized borrowing costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedBorrowingCostsIntangibleAssetsOtherThanGoodwill" xlink:to="pbr_CapitalizedBorrowingCostsIntangibleAssetsOtherThanGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" xlink:label="pbr_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities_lbl" xml:lang="en-US" id="id_14489302_3538942_3_1"> Capitalized costs accumulated depreciation depletion amortization and valuation allowance for relating to oil and gas producing activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities_lbl" xml:lang="en-US" id="id_14489302_3538942_1_1"> Capitalized Costs Accumulated Depreciation Depletion Amortization And Valuation Allowance For Relating To Oil And Gas Producing Activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities_lbl" xml:lang="en-US" id="id_14489302_3538942_14_1"> Depreciation, depletion and amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities" xlink:to="pbr_CapitalizedCostsAccumulatedDepreciationDepletionAmortizationAndValuationAllowanceForRelatingToOilAndGasProducingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedCostsOilAndGasProducingActivitiesGross" xlink:label="pbr_CapitalizedCostsOilAndGasProducingActivitiesGross"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedCostsOilAndGasProducingActivitiesGross_lbl" xml:lang="en-US" id="id_14489302_3538943_3_1"> Capitalized costs oil and gas producing activities gross. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedCostsOilAndGasProducingActivitiesGross_lbl" xml:lang="en-US" id="id_14489302_3538943_1_1"> Capitalized Costs Oil And Gas Producing Activities Gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_CapitalizedCostsOilAndGasProducingActivitiesGross_lbl" xml:lang="en-US" id="id_14489302_3538943_6_1"> Gross Capitalized costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedCostsOilAndGasProducingActivitiesGross" xlink:to="pbr_CapitalizedCostsOilAndGasProducingActivitiesGross_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedCostsOilAndGasProducingActivitiesNet" xlink:label="pbr_CapitalizedCostsOilAndGasProducingActivitiesNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedCostsOilAndGasProducingActivitiesNet_lbl" xml:lang="en-US" id="id_14489302_3538944_3_1"> Capitalized costs oil and gas producing activities net. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedCostsOilAndGasProducingActivitiesNet_lbl" xml:lang="en-US" id="id_14489302_3538944_1_1"> Capitalized Costs Oil And Gas Producing Activities Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_CapitalizedCostsOilAndGasProducingActivitiesNet_lbl" xml:lang="en-US" id="id_14489302_3538944_6_1"> Net capitalized costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedCostsOilAndGasProducingActivitiesNet" xlink:to="pbr_CapitalizedCostsOilAndGasProducingActivitiesNet_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedCostsProvedProperties" xlink:label="pbr_CapitalizedCostsProvedProperties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedCostsProvedProperties_lbl" xml:lang="en-US" id="id_14489302_3541099_3_1"> Capitalized costs proved properties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedCostsProvedProperties_lbl" xml:lang="en-US" id="id_14489302_3541099_1_1"> Capitalized Costs Proved Properties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalizedCostsProvedProperties_lbl" xml:lang="en-US" id="id_14489302_3541099_2_1"> Proved oil and gas properties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedCostsProvedProperties" xlink:to="pbr_CapitalizedCostsProvedProperties_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems" xlink:label="pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems_lbl" xml:lang="en-US" id="id_14489302_3538935_3_1"> Capitalized costs relating to oil and gas producing activities by geographic area [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems_lbl" xml:lang="en-US" id="id_14489302_3538935_1_1"> Capitalized Costs Relating To Oil And Gas Producing Activities By Geographic Area [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems_lbl" xml:lang="en-US" id="id_14489302_3538935_2_1"> Capitalized Costs Relating To Oil And Gas Producing Activities By Geographic Area [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems" xlink:to="pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable" xlink:label="pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable_lbl" xml:lang="en-US" id="id_14489302_3538936_3_1"> Capitalized costs relating to oil and gas producing activities by geographic area [table] . </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable_lbl" xml:lang="en-US" id="id_14489302_3538936_1_1"> Capitalized Costs Relating To Oil And Gas Producing Activities By Geographic Area [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable_lbl" xml:lang="en-US" id="id_14489302_3538936_2_1"> Capitalized Costs Relating To Oil And Gas Producing Activities By Geographic Area [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable" xlink:to="pbr_CapitalizedCostsRelatingToOilAndGasProducingActivitiesByGeographicAreaTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedCostsSupportEquipmentAndFacilities" xlink:label="pbr_CapitalizedCostsSupportEquipmentAndFacilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedCostsSupportEquipmentAndFacilities_lbl" xml:lang="en-US" id="id_14489302_3538945_3_1"> Capitalized costs support equipment and facilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedCostsSupportEquipmentAndFacilities_lbl" xml:lang="en-US" id="id_14489302_3538945_1_1"> Capitalized Costs Support Equipment And Facilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalizedCostsSupportEquipmentAndFacilities_lbl" xml:lang="en-US" id="id_14489302_3538945_2_1"> Support Equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedCostsSupportEquipmentAndFacilities" xlink:to="pbr_CapitalizedCostsSupportEquipmentAndFacilities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedCostsUnprovedProperties" xlink:label="pbr_CapitalizedCostsUnprovedProperties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedCostsUnprovedProperties_lbl" xml:lang="en-US" id="id_14489302_3541100_3_1"> Capitalized costs unproved properties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedCostsUnprovedProperties_lbl" xml:lang="en-US" id="id_14489302_3541100_1_1"> Capitalized Costs Unproved Properties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalizedCostsUnprovedProperties_lbl" xml:lang="en-US" id="id_14489302_3541100_2_1"> Unproved oil and gas properties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedCostsUnprovedProperties" xlink:to="pbr_CapitalizedCostsUnprovedProperties_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedExplorationDrillingCostsAdditionsPendingDeterminationOfProvedReserves" xlink:label="pbr_CapitalizedExplorationDrillingCostsAdditionsPendingDeterminationOfProvedReserves"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedExplorationDrillingCostsAdditionsPendingDeterminationOfProvedReserves_lbl" xml:lang="en-US" id="id_14489302_3442372_3_1"> Capitalized exploration drilling costs additions pending determination of proved reserves. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedExplorationDrillingCostsAdditionsPendingDeterminationOfProvedReserves_lbl" xml:lang="en-US" id="id_14489302_3442372_1_1"> Capitalized Exploration Drilling Costs Additions Pending Determination Of Proved Reserves </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalizedExplorationDrillingCostsAdditionsPendingDeterminationOfProvedReserves_lbl" xml:lang="en-US" id="id_14489302_3442372_2_1"> Additions to capitalized costs pending determination of proved reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedExplorationDrillingCostsAdditionsPendingDeterminationOfProvedReserves" xlink:to="pbr_CapitalizedExplorationDrillingCostsAdditionsPendingDeterminationOfProvedReserves_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedExploratoryWellCosts" xlink:label="pbr_CapitalizedExploratoryWellCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedExploratoryWellCosts_lbl" xml:lang="en-US" id="id_14489302_3541297_3_1"> Capitalized exploratory well costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedExploratoryWellCosts_lbl" xml:lang="en-US" id="id_14489302_3541297_1_1"> Capitalized exploratory well costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_CapitalizedExploratoryWellCosts_lbl" xml:lang="en-US" id="id_14489302_3541297_6_1"> Total capitalized exploratory well costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedExploratoryWellCosts" xlink:to="pbr_CapitalizedExploratoryWellCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear" xlink:label="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear_lbl" xml:lang="en-US" id="id_14489302_3538958_3_1"> Capitalized exploratory well costs that have been capitalized for period greater than one year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear_lbl" xml:lang="en-US" id="id_14489302_3538958_1_1"> Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear_lbl" xml:lang="en-US" id="id_14489302_3538958_32_1"> Exploratory well costs that have been capitalized for a period greater than one year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear_lbl" xml:lang="en-US" id="id_14489302_3538958_2_1"> Capitalized costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear_lbl" xml:lang="en-US" id="id_14489302_3538958_12_1"> Exploratory well costs capitalized for a period greater than one year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear" xlink:to="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess" xlink:label="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess_lbl" xml:lang="en-US" id="id_14489302_3538959_3_1"> Capitalized exploratory well costs that have been capitalized for period of one year or less. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess_lbl" xml:lang="en-US" id="id_14489302_3538959_1_1"> Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess_lbl" xml:lang="en-US" id="id_14489302_3538959_2_1"> Exploratory well costs capitalized for a period of one year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess" xlink:to="pbr_CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalMarketMember" xlink:label="pbr_CapitalMarketMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalMarketMember_lbl" xml:lang="en-US" id="id_14489302_3492081_3_1"> Capital market. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalMarketMember_lbl" xml:lang="en-US" id="id_14489302_3492081_1_1"> Capital market [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalMarketMember_lbl" xml:lang="en-US" id="id_14489302_3492081_2_1"> Capital market [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalMarketMember" xlink:to="pbr_CapitalMarketMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CapitalReserve" xlink:label="ifrs-full_CapitalReserve"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CapitalReserve_lbl" xml:lang="en-US" id="id_14489302_3416903_1_1"> Capital reserve </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CapitalReserve_lbl" xml:lang="en-US" id="id_14489302_3416903_2_1"> Capital reserve </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CapitalReserve_lbl" xml:lang="en-US" id="id_14489302_3416903_12_1"> Capital reserve and transactions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CapitalReserve" xlink:to="ifrs-full_CapitalReserve_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CapitalReserveMember" xlink:label="ifrs-full_CapitalReserveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CapitalReserveMember_lbl" xml:lang="en-US" id="id_14489302_3416721_1_1"> Capital reserve [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CapitalReserveMember_lbl" xml:lang="en-US" id="id_14489302_3416721_2_1"> Capital reserve [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CapitalReserveMember" xlink:to="ifrs-full_CapitalReserveMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CapitalTransactions" xlink:label="pbr_CapitalTransactions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CapitalTransactions_lbl" xml:lang="en-US" id="id_14489302_3450439_3_1"> Capital transactions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CapitalTransactions_lbl" xml:lang="en-US" id="id_14489302_3450439_1_1"> Capital Transactions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CapitalTransactions_lbl" xml:lang="en-US" id="id_14489302_3450439_2_1"> Capital transactions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CapitalTransactions" xlink:to="pbr_CapitalTransactions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" xml:lang="en-US" id="id_14489302_3416904_1_1"> Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" xml:lang="en-US" id="id_14489302_3416904_2_1"> Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CarryingAmountMember" xlink:label="ifrs-full_CarryingAmountMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CarryingAmountMember_lbl" xml:lang="en-US" id="id_14489302_3417348_1_1"> Carrying amount [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CarryingAmountMember_lbl" xml:lang="en-US" id="id_14489302_3417348_2_1"> Carrying amount [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountMember" xlink:to="ifrs-full_CarryingAmountMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Cash" xlink:label="ifrs-full_Cash"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Cash_lbl" xml:lang="en-US" id="id_14489302_3417349_1_1"> Cash </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Cash_lbl" xml:lang="en-US" id="id_14489302_3417349_2_1"> Cash at bank and in hand </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Cash" xlink:to="ifrs-full_Cash_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="ifrs-full_CashAndCashEquivalents"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3416724_1_1"> Cash and cash equivalents </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3416724_4_1"> Cash and cash equivalents at the end of the year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3416724_5_1"> Cash and cash equivalents at the beginning of the year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3416724_2_1"> Cash and cash equivalents </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3416724_6_1"> Total cash and cash equivalents </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CashAndCashEquivalents1LineItems" xlink:label="pbr_CashAndCashEquivalents1LineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CashAndCashEquivalents1LineItems_lbl" xml:lang="en-US" id="id_14489302_3428411_3_1"> Cash and cash equivalents1 [line items]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CashAndCashEquivalents1LineItems_lbl" xml:lang="en-US" id="id_14489302_3428411_1_1"> Cash and cash equivalents1 [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CashAndCashEquivalents1LineItems_lbl" xml:lang="en-US" id="id_14489302_3428411_2_1"> Cash and cash equivalents1 [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CashAndCashEquivalents1LineItems" xlink:to="pbr_CashAndCashEquivalents1LineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashAndCashEquivalentsAbstract" xlink:label="ifrs-full_CashAndCashEquivalentsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3417132_1_1"> Cash and cash equivalents [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashAndCashEquivalentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3417132_2_1"> Cash and cash equivalents [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsAbstract" xlink:to="ifrs-full_CashAndCashEquivalentsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:label="ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_lbl" xml:lang="en-US" id="id_14489302_3417135_1_1"> Cash and cash equivalents in subsidiary or businesses acquired or disposed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_lbl" xml:lang="en-US" id="id_14489302_3417135_2_1"> Cash received </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013" xlink:to="ifrs-full_CashAndCashEquivalentsInSubsidiaryOrBusinessesAcquiredOrDisposed2013_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CashAndCashEquivalentsTable" xlink:label="pbr_CashAndCashEquivalentsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CashAndCashEquivalentsTable_lbl" xml:lang="en-US" id="id_14489302_3473280_3_1"> Cash and cash equivalents. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CashAndCashEquivalentsTable_lbl" xml:lang="en-US" id="id_14489302_3473280_1_1"> Cash And Cash Equivalents [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CashAndCashEquivalentsTable_lbl" xml:lang="en-US" id="id_14489302_3473280_2_1"> Cash And Cash Equivalents [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CashAndCashEquivalentsTable" xlink:to="pbr_CashAndCashEquivalentsTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CashBalanceOfStructuredEntity" xlink:label="pbr_CashBalanceOfStructuredEntity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CashBalanceOfStructuredEntity_lbl" xml:lang="en-US" id="id_14489302_3436298_3_1"> Cash balance of structured entity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CashBalanceOfStructuredEntity_lbl" xml:lang="en-US" id="id_14489302_3436298_1_1"> Cash Balance Of Structured Entity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CashBalanceOfStructuredEntity_lbl" xml:lang="en-US" id="id_14489302_3436298_2_1"> Cash balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CashBalanceOfStructuredEntity" xlink:to="pbr_CashBalanceOfStructuredEntity_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashEquivalents" xlink:label="ifrs-full_CashEquivalents"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3416727_1_1"> Cash equivalents </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3416727_2_1"> Total short-term financial investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashEquivalents" xlink:to="ifrs-full_CashEquivalents_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowHedgesAbstract" xlink:label="ifrs-full_CashFlowHedgesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowHedgesAbstract_lbl" xml:lang="en-US" id="id_14489302_3416729_1_1"> Cash flow hedges [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowHedgesAbstract_lbl" xml:lang="en-US" id="id_14489302_3416729_2_1"> Unrealized gains (losses) on cash flow hedge - highly probable future exports </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowHedgesAbstract" xlink:to="ifrs-full_CashFlowHedgesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowHedgesMember" xlink:label="ifrs-full_CashFlowHedgesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowHedgesMember_lbl" xml:lang="en-US" id="id_14489302_3416907_1_1"> Cash flow hedges [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowHedgesMember_lbl" xml:lang="en-US" id="id_14489302_3416907_2_1"> Cash flow hedges [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowHedgesMember" xlink:to="ifrs-full_CashFlowHedgesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResources" xlink:label="pbr_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResources"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_14489302_3450597_3_1"> Cash flows from used in exploration for and evaluation of mineral resources. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_14489302_3450597_1_1"> Cash Flows From Used In Exploration For And Evaluation Of Mineral Resources </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_14489302_3450597_6_1"> Total cash used </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResources" xlink:to="pbr_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResources_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_14489302_3416911_1_1"> Cash flows from (used in) exploration for and evaluation of mineral resources, classified as investing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_14489302_3416911_2_1"> Investment activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsInvestingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsOperatingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3416912_1_1"> Cash flows from (used in) exploration for and evaluation of mineral resources, classified as operating activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3416912_2_1"> Operating activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsOperatingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInExplorationForAndEvaluationOfMineralResourcesClassifiedAsOperatingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3416913_1_1"> Cash flows from (used in) financing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3416913_6_1"> Net cash used in financing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3416914_1_1"> Cash flows from (used in) financing activities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3416914_2_1"> Cash flows from Financing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3416915_1_1"> Cash flows from (used in) financing activities, continuing operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3416915_6_1"> Net cash used in financing activities from continuing operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3416916_1_1"> Cash flows from (used in) financing activities, discontinued operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3416916_2_1"> Discontinued operations - net cash used in financing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3416916_6_1"> Discontinued operation - Net cash used in financing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en-US" id="id_14489302_3416731_1_1"> Cash flows from (used in) investing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en-US" id="id_14489302_3416731_6_1"> Net cash used in investing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3416732_1_1"> Cash flows from (used in) investing activities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3416732_2_1"> Cash flows from Investing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3417361_1_1"> Cash flows from (used in) investing activities, continuing operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3417361_6_1"> Net cash used in investing activities from continuing operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3417138_1_1"> Cash flows from (used in) investing activities, discontinued operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3417138_2_1"> Discontinued operations - net cash provided by (used in) investing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3417138_6_1"> Discontinued operation - Net cash (used in) provided by investing activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3416918_1_1"> Cash flows from (used in) operating activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3416918_6_1"> Net cash provided by operating activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3417363_1_1"> Cash flows from (used in) operating activities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3417363_2_1"> Cash flows from Operating activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3416733_1_1"> Cash flows from (used in) operating activities, continuing operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3416733_2_1"> Net cash provided by operating activities from continuing operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivitiesContinuingOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3416919_1_1"> Cash flows from (used in) operating activities, discontinued operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3416919_2_1"> Discontinued operations - net cash provided by operating activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3416919_6_1"> Discontinued operation - Net cash provided by operating activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CashGeneratingUnitesFirstSetMember" xlink:label="pbr_CashGeneratingUnitesFirstSetMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CashGeneratingUnitesFirstSetMember_lbl" xml:lang="en-US" id="id_14489302_3491937_3_1"> Cash generating unites first set. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CashGeneratingUnitesFirstSetMember_lbl" xml:lang="en-US" id="id_14489302_3491937_1_1"> Cash generating unites first set [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CashGeneratingUnitesFirstSetMember_lbl" xml:lang="en-US" id="id_14489302_3491937_2_1"> Cash generating unites first set [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CashGeneratingUnitesFirstSetMember" xlink:to="pbr_CashGeneratingUnitesFirstSetMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CashGeneratingUnitesFirstSetOthersMember" xlink:label="pbr_CashGeneratingUnitesFirstSetOthersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CashGeneratingUnitesFirstSetOthersMember_lbl" xml:lang="en-US" id="id_14489302_3491941_3_1"> Cash generating unites first set others. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CashGeneratingUnitesFirstSetOthersMember_lbl" xml:lang="en-US" id="id_14489302_3491941_1_1"> Cash generating unites first set others [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CashGeneratingUnitesFirstSetOthersMember_lbl" xml:lang="en-US" id="id_14489302_3491941_2_1"> Others [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CashGeneratingUnitesFirstSetOthersMember" xlink:to="pbr_CashGeneratingUnitesFirstSetOthersMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CashGeneratingUnitesSecondSetMember" xlink:label="pbr_CashGeneratingUnitesSecondSetMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CashGeneratingUnitesSecondSetMember_lbl" xml:lang="en-US" id="id_14489302_3492020_3_1"> Cash generating unites second set. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CashGeneratingUnitesSecondSetMember_lbl" xml:lang="en-US" id="id_14489302_3492020_1_1"> Cash generating unites second set [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CashGeneratingUnitesSecondSetMember_lbl" xml:lang="en-US" id="id_14489302_3492020_2_1"> Cash generating unites second set [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CashGeneratingUnitesSecondSetMember" xlink:to="pbr_CashGeneratingUnitesSecondSetMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CashGeneratingUnitesSecondSetOthersMember" xlink:label="pbr_CashGeneratingUnitesSecondSetOthersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CashGeneratingUnitesSecondSetOthersMember_lbl" xml:lang="en-US" id="id_14489302_3492024_3_1"> Cash generating unites second set others. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CashGeneratingUnitesSecondSetOthersMember_lbl" xml:lang="en-US" id="id_14489302_3492024_1_1"> Cash generating unites second set others [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CashGeneratingUnitesSecondSetOthersMember_lbl" xml:lang="en-US" id="id_14489302_3492024_2_1"> Others [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CashGeneratingUnitesSecondSetOthersMember" xlink:to="pbr_CashGeneratingUnitesSecondSetOthersMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CashInSubsidiaryBeforeLosingControl" xlink:label="pbr_CashInSubsidiaryBeforeLosingControl"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CashInSubsidiaryBeforeLosingControl_lbl" xml:lang="en-US" id="id_14489302_3553159_3_1"> Cash in subsidiary before losing control. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CashInSubsidiaryBeforeLosingControl_lbl" xml:lang="en-US" id="id_14489302_3553159_1_1"> Cash in subsidiary before losing control </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_CashInSubsidiaryBeforeLosingControl_lbl" xml:lang="en-US" id="id_14489302_3553159_14_1"> Cash in subsidiary before losing control </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CashInSubsidiaryBeforeLosingControl" xlink:to="pbr_CashInSubsidiaryBeforeLosingControl_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CashPaidForTaxPayments" xlink:label="pbr_CashPaidForTaxPayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CashPaidForTaxPayments_lbl" xml:lang="en-US" id="id_14489302_3450665_3_1"> Cash paid for tax payments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CashPaidForTaxPayments_lbl" xml:lang="en-US" id="id_14489302_3450665_1_1"> Cash Paid For Tax Payments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_CashPaidForTaxPayments_lbl" xml:lang="en-US" id="id_14489302_3450665_14_1"> Payments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CashPaidForTaxPayments" xlink:to="pbr_CashPaidForTaxPayments_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CastanhalMember" xlink:label="pbr_CastanhalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CastanhalMember_lbl" xml:lang="en-US" id="id_14489302_3553134_3_1"> Castanhal [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CastanhalMember_lbl" xml:lang="en-US" id="id_14489302_3553134_1_1"> Castanhal [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CastanhalMember_lbl" xml:lang="en-US" id="id_14489302_3553134_2_1"> Castanhal [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CastanhalMember" xlink:to="pbr_CastanhalMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis_lbl" xml:lang="en-US" id="id_14489302_3416740_1_1"> Categories of related parties [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis_lbl" xml:lang="en-US" id="id_14489302_3416740_2_1"> Categories of related parties [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="ifrs-full_CategoriesOfRelatedPartiesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CearaMarGroupMember" xlink:label="pbr_CearaMarGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CearaMarGroupMember_lbl" xml:lang="en-US" id="id_14489302_3487686_3_1"> Ceara Mar Group. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CearaMarGroupMember_lbl" xml:lang="en-US" id="id_14489302_3487686_1_1"> Ceara Mar Group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CearaMarGroupMember_lbl" xml:lang="en-US" id="id_14489302_3487686_2_1"> Ceara Mar Group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CearaMarGroupMember" xlink:to="pbr_CearaMarGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CeasedOperationOfSingleBuoyMooring" xlink:label="pbr_CeasedOperationOfSingleBuoyMooring"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CeasedOperationOfSingleBuoyMooring_lbl" xml:lang="en-US" id="id_14489302_3553139_3_1"> Ceased operation of single buoy mooring </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CeasedOperationOfSingleBuoyMooring_lbl" xml:lang="en-US" id="id_14489302_3553139_1_1"> Ceased operation of single buoy mooring </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CeasedOperationOfSingleBuoyMooring_lbl" xml:lang="en-US" id="id_14489302_3553139_2_1"> Ceased operation of single buoy mooring </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CeasedOperationOfSingleBuoyMooring" xlink:to="pbr_CeasedOperationOfSingleBuoyMooring_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CgsSecondSetSuapePetrochemicalComplexMember" xlink:label="pbr_CgsSecondSetSuapePetrochemicalComplexMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CgsSecondSetSuapePetrochemicalComplexMember_lbl" xml:lang="en-US" id="id_14489302_3491929_3_1"> Suape petrochemical complex. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CgsSecondSetSuapePetrochemicalComplexMember_lbl" xml:lang="en-US" id="id_14489302_3491929_1_1"> CGS second set suape petrochemical complex [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CgsSecondSetSuapePetrochemicalComplexMember_lbl" xml:lang="en-US" id="id_14489302_3491929_2_1"> Suape Petrochemical Complex [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CgsSecondSetSuapePetrochemicalComplexMember" xlink:to="pbr_CgsSecondSetSuapePetrochemicalComplexMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CguComperjMember" xlink:label="pbr_CguComperjMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CguComperjMember_lbl" xml:lang="en-US" id="id_14489302_3487328_3_1"> CGU Comperj [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CguComperjMember_lbl" xml:lang="en-US" id="id_14489302_3487328_1_1"> CGU Comperj [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CguComperjMember_lbl" xml:lang="en-US" id="id_14489302_3487328_2_1"> CGU comperj [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CguComperjMember" xlink:to="pbr_CguComperjMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CguSecondRefiningUnitOfRnestMember" xlink:label="pbr_CguSecondRefiningUnitOfRnestMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CguSecondRefiningUnitOfRnestMember_lbl" xml:lang="en-US" id="id_14489302_3494912_3_1"> CGU Second Refining Unit of RNEST [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CguSecondRefiningUnitOfRnestMember_lbl" xml:lang="en-US" id="id_14489302_3494912_1_1"> CGU Second Refining Unit of RNEST [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CguSecondRefiningUnitOfRnestMember_lbl" xml:lang="en-US" id="id_14489302_3494912_2_1"> CGU Second Refining Unit of RNEST [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CguSecondRefiningUnitOfRnestMember" xlink:to="pbr_CguSecondRefiningUnitOfRnestMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ChairmanMember" xlink:label="pbr_ChairmanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ChairmanMember_lbl" xml:lang="en-US" id="id_14489302_3502304_3_1"> Chairman. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ChairmanMember_lbl" xml:lang="en-US" id="id_14489302_3502304_1_1"> Chairman [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ChairmanMember_lbl" xml:lang="en-US" id="id_14489302_3502304_2_1"> Chairman [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ChairmanMember" xlink:to="pbr_ChairmanMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ChangeInAllovanceForExpectedCreditLossesByInitialApplicationOfIFRS9" xlink:label="pbr_ChangeInAllovanceForExpectedCreditLossesByInitialApplicationOfIFRS9"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ChangeInAllovanceForExpectedCreditLossesByInitialApplicationOfIFRS9_lbl" xml:lang="en-US" id="id_14489302_3447600_3_1"> Change in allovance for expected credit losses by initial application of IFRS 9. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ChangeInAllovanceForExpectedCreditLossesByInitialApplicationOfIFRS9_lbl" xml:lang="en-US" id="id_14489302_3447600_1_1"> Change in allovance for expected credit losses by initial application of IFRS 9 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ChangeInAllovanceForExpectedCreditLossesByInitialApplicationOfIFRS9_lbl" xml:lang="en-US" id="id_14489302_3447600_2_1"> Initial application of IFRS 9 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ChangeInAllovanceForExpectedCreditLossesByInitialApplicationOfIFRS9" xlink:to="pbr_ChangeInAllovanceForExpectedCreditLossesByInitialApplicationOfIFRS9_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ChangeInFairValueOfPlanAssetsAbstract" xlink:label="pbr_ChangeInFairValueOfPlanAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ChangeInFairValueOfPlanAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3428363_3_1"> Change in fair value of plan assets [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ChangeInFairValueOfPlanAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3428363_1_1"> Change in fair value of plan assets [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ChangeInFairValueOfPlanAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3428363_2_1"> Changes in the fair value of plan assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ChangeInFairValueOfPlanAssetsAbstract" xlink:to="pbr_ChangeInFairValueOfPlanAssetsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress" xlink:label="ifrs-full_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress_lbl" xml:lang="en-US" id="id_14489302_3417418_1_1"> Decrease (increase) in inventories of finished goods and work in progress </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress_lbl" xml:lang="en-US" id="id_14489302_3417418_14_1"> Changes in inventories </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress" xlink:to="ifrs-full_ChangesInInventoriesOfFinishedGoodsAndWorkInProgress_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ChangesInMethodsAndAssumptionsUsedInPreparingSensitivityAnalysis" xlink:label="ifrs-full_ChangesInMethodsAndAssumptionsUsedInPreparingSensitivityAnalysis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInMethodsAndAssumptionsUsedInPreparingSensitivityAnalysis_lbl" xml:lang="en-US" id="id_14489302_3417420_1_1"> Description of changes in methods and assumptions used in preparing sensitivity analysis </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ChangesInMethodsAndAssumptionsUsedInPreparingSensitivityAnalysis_lbl" xml:lang="en-US" id="id_14489302_3417420_2_1"> Description of changes in methods and assumptions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInMethodsAndAssumptionsUsedInPreparingSensitivityAnalysis" xlink:to="ifrs-full_ChangesInMethodsAndAssumptionsUsedInPreparingSensitivityAnalysis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ChangesInNetActuarialLiabilityAbstract" xlink:label="pbr_ChangesInNetActuarialLiabilityAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ChangesInNetActuarialLiabilityAbstract_lbl" xml:lang="en-US" id="id_14489302_3426941_3_1"> Changes in net actuarial liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ChangesInNetActuarialLiabilityAbstract_lbl" xml:lang="en-US" id="id_14489302_3426941_1_1"> Changes In Net Actuarial Liability [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ChangesInNetActuarialLiabilityAbstract_lbl" xml:lang="en-US" id="id_14489302_3426941_2_1"> Changes in the net actuarial liability </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ChangesInNetActuarialLiabilityAbstract" xlink:to="pbr_ChangesInNetActuarialLiabilityAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract" xlink:label="ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract_lbl" xml:lang="en-US" id="id_14489302_3417166_1_1"> Changes in net defined benefit liability (asset) [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract_lbl" xml:lang="en-US" id="id_14489302_3417166_2_1"> Changes in the present value of obligations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract" xlink:to="ifrs-full_ChangesInNetDefinedBenefitLiabilityAssetAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ChangesInOtherProvisions" xlink:label="ifrs-full_ChangesInOtherProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3416945_1_1"> Increase (decrease) in other provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ChangesInOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3416945_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInOtherProvisions" xlink:to="ifrs-full_ChangesInOtherProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ChangesInTheAllowanceForImpairmentOfTradeAndOtherReceivablesAbstract" xlink:label="pbr_ChangesInTheAllowanceForImpairmentOfTradeAndOtherReceivablesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ChangesInTheAllowanceForImpairmentOfTradeAndOtherReceivablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3432273_3_1"> Changes in the allowance for impairment of trade and other receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ChangesInTheAllowanceForImpairmentOfTradeAndOtherReceivablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3432273_1_1"> Changes in the allowance for impairment of trade and other receivables [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ChangesInTheAllowanceForImpairmentOfTradeAndOtherReceivablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3432273_2_1"> Changes in the allowance for impairment of trade and other receivables [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ChangesInTheAllowanceForImpairmentOfTradeAndOtherReceivablesAbstract" xlink:to="pbr_ChangesInTheAllowanceForImpairmentOfTradeAndOtherReceivablesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ChangesOfProvisionsRelatingToCumulativeTranslatingAdjustments" xlink:label="pbr_ChangesOfProvisionsRelatingToCumulativeTranslatingAdjustments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ChangesOfProvisionsRelatingToCumulativeTranslatingAdjustments_lbl" xml:lang="en-US" id="id_14489302_3553353_3_1"> Changes of provisions relating to cumulative translating adjustments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ChangesOfProvisionsRelatingToCumulativeTranslatingAdjustments_lbl" xml:lang="en-US" id="id_14489302_3553353_1_1"> Changes of provisions relating to cumulative translating adjustments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_ChangesOfProvisionsRelatingToCumulativeTranslatingAdjustments_lbl" xml:lang="en-US" id="id_14489302_3553353_14_1"> CTA </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ChangesOfProvisionsRelatingToCumulativeTranslatingAdjustments" xlink:to="pbr_ChangesOfProvisionsRelatingToCumulativeTranslatingAdjustments_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ChinaDevelopmentBankMember" xlink:label="pbr_ChinaDevelopmentBankMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ChinaDevelopmentBankMember_lbl" xml:lang="en-US" id="id_14489302_3491840_3_1"> China Development Bank. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ChinaDevelopmentBankMember_lbl" xml:lang="en-US" id="id_14489302_3491840_1_1"> China Development Bank [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ChinaDevelopmentBankMember_lbl" xml:lang="en-US" id="id_14489302_3491840_2_1"> China Development Bank [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ChinaDevelopmentBankMember" xlink:to="pbr_ChinaDevelopmentBankMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ChinaEximMember" xlink:label="pbr_ChinaEximMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ChinaEximMember_lbl" xml:lang="en-US" id="id_14489302_3492064_3_1"> China Exim. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ChinaEximMember_lbl" xml:lang="en-US" id="id_14489302_3492064_1_1"> China Exim [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ChinaEximMember_lbl" xml:lang="en-US" id="id_14489302_3492064_2_1"> China Exim [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ChinaEximMember" xlink:to="pbr_ChinaEximMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CiaDeEletricidadeDoAmapCeaMember" xlink:label="pbr_CiaDeEletricidadeDoAmapCeaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CiaDeEletricidadeDoAmapCeaMember_lbl" xml:lang="en-US" id="id_14489302_3495652_3_1"> Cia de eletricidade do amap CEA [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CiaDeEletricidadeDoAmapCeaMember_lbl" xml:lang="en-US" id="id_14489302_3495652_1_1"> Cia de eletricidade do amap CEA [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CiaDeEletricidadeDoAmapCeaMember_lbl" xml:lang="en-US" id="id_14489302_3495652_2_1"> Cia de eletricidade do amap CEA [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CiaDeEletricidadeDoAmapCeaMember" xlink:to="pbr_CiaDeEletricidadeDoAmapCeaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CiaEnergeticaManauaraSAMember" xlink:label="pbr_CiaEnergeticaManauaraSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CiaEnergeticaManauaraSAMember_lbl" xml:lang="en-US" id="id_14489302_3487537_3_1"> Cia Energetica Manauara S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CiaEnergeticaManauaraSAMember_lbl" xml:lang="en-US" id="id_14489302_3487537_1_1"> Cia Energetica Manauara S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CiaEnergeticaManauaraSAMember_lbl" xml:lang="en-US" id="id_14489302_3487537_2_1"> Cia Energetica Manauara S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CiaEnergeticaManauaraSAMember" xlink:to="pbr_CiaEnergeticaManauaraSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CidadeDeSoMateusGroupMember" xlink:label="pbr_CidadeDeSoMateusGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CidadeDeSoMateusGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510347_3_1"> Cidade de So Mateus group. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CidadeDeSoMateusGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510347_1_1"> Cidade de So Mateus group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CidadeDeSoMateusGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510347_2_1"> Cidade de So Mateus group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CidadeDeSoMateusGroupMember" xlink:to="pbr_CidadeDeSoMateusGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CIDEMember" xlink:label="pbr_CIDEMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CIDEMember_lbl" xml:lang="en-US" id="id_14489302_3529103_3_1"> CIDE. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CIDEMember_lbl" xml:lang="en-US" id="id_14489302_3529103_1_1"> CIDE [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CIDEMember_lbl" xml:lang="en-US" id="id_14489302_3529103_2_1"> CIDE [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CIDEMember" xlink:to="pbr_CIDEMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CigsMember" xlink:label="pbr_CigsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CigsMember_lbl" xml:lang="en-US" id="id_14489302_3492057_3_1"> Cigs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CigsMember_lbl" xml:lang="en-US" id="id_14489302_3492057_1_1"> Cigs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CigsMember_lbl" xml:lang="en-US" id="id_14489302_3492057_2_1"> Cigs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CigsMember" xlink:to="pbr_CigsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CivilProvisionMember" xlink:label="pbr_CivilProvisionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CivilProvisionMember_lbl" xml:lang="en-US" id="id_14489302_3501201_3_1"> Civil provision. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CivilProvisionMember_lbl" xml:lang="en-US" id="id_14489302_3501201_1_1"> Civil provision [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CivilProvisionMember_lbl" xml:lang="en-US" id="id_14489302_3501201_2_1"> Civil provision [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CivilProvisionMember" xlink:to="pbr_CivilProvisionMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CivilRelatedContingentLiabilityMember" xlink:label="pbr_CivilRelatedContingentLiabilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CivilRelatedContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3487796_3_1"> Civil-General. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CivilRelatedContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3487796_1_1"> Civil Related Contingent Liability [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CivilRelatedContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3487796_2_1"> Civil-General [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CivilRelatedContingentLiabilityMember" xlink:to="pbr_CivilRelatedContingentLiabilityMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CivilRelatedEnvironmentalContingentLiabilityMember" xlink:label="pbr_CivilRelatedEnvironmentalContingentLiabilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CivilRelatedEnvironmentalContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3487797_3_1"> Civil Related Environmental Contingent Liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CivilRelatedEnvironmentalContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3487797_1_1"> Civil Related Environmental Contingent Liability [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CivilRelatedEnvironmentalContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3487797_2_1"> Civil - Environmental [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CivilRelatedEnvironmentalContingentLiabilityMember" xlink:to="pbr_CivilRelatedEnvironmentalContingentLiabilityMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ClassAPreferenceSharesMember" xlink:label="pbr_ClassAPreferenceSharesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ClassAPreferenceSharesMember_lbl" xml:lang="en-US" id="id_14489302_3479355_3_1"> Class A preference shares [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ClassAPreferenceSharesMember_lbl" xml:lang="en-US" id="id_14489302_3479355_1_1"> Class A preference shares [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ClassAPreferenceSharesMember_lbl" xml:lang="en-US" id="id_14489302_3479355_2_1"> Class A preference shares [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ClassAPreferenceSharesMember" xlink:to="pbr_ClassAPreferenceSharesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfAcquiredReceivablesAxis" xlink:label="ifrs-full_ClassesOfAcquiredReceivablesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfAcquiredReceivablesAxis_lbl" xml:lang="en-US" id="id_14489302_3417177_1_1"> Classes of acquired receivables [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfAcquiredReceivablesAxis_lbl" xml:lang="en-US" id="id_14489302_3417177_2_1"> Classes of acquired receivables [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAcquiredReceivablesAxis" xlink:to="ifrs-full_ClassesOfAcquiredReceivablesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfAcquiredReceivablesMember" xlink:label="ifrs-full_ClassesOfAcquiredReceivablesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfAcquiredReceivablesMember_lbl" xml:lang="en-US" id="id_14489302_3416957_1_1"> Classes of acquired receivables [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfAcquiredReceivablesMember_lbl" xml:lang="en-US" id="id_14489302_3416957_2_1"> Classes of acquired receivables [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAcquiredReceivablesMember" xlink:to="ifrs-full_ClassesOfAcquiredReceivablesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfAssetsAxis" xlink:label="ifrs-full_ClassesOfAssetsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfAssetsAxis_lbl" xml:lang="en-US" id="id_14489302_3417430_1_1"> Classes of assets [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfAssetsAxis_lbl" xml:lang="en-US" id="id_14489302_3417430_2_1"> Classes of assets [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsAxis" xlink:to="ifrs-full_ClassesOfAssetsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfAssetsMember" xlink:label="ifrs-full_ClassesOfAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3417431_1_1"> Assets [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3417431_2_1"> Assets [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsMember" xlink:to="ifrs-full_ClassesOfAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfContingentLiabilitiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfContingentLiabilitiesAxis_lbl" xml:lang="en-US" id="id_14489302_3417432_1_1"> Classes of contingent liabilities [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfContingentLiabilitiesAxis_lbl" xml:lang="en-US" id="id_14489302_3417432_2_1"> Classes of contingent liabilities [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfContingentLiabilitiesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfFinancialAssetsAxis" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis_lbl" xml:lang="en-US" id="id_14489302_3417434_1_1"> Classes of financial assets [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis_lbl" xml:lang="en-US" id="id_14489302_3417434_2_1"> Classes of financial assets [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="ifrs-full_ClassesOfFinancialAssetsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xml:lang="en-US" id="id_14489302_3416962_1_1"> Classes of financial instruments [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xml:lang="en-US" id="id_14489302_3416962_2_1"> Classes of financial instruments [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsMember_lbl" xml:lang="en-US" id="id_14489302_3417393_1_1"> Financial instruments, class [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsMember_lbl" xml:lang="en-US" id="id_14489302_3417393_2_1"> Financial instruments, class [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsMember" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:label="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_lbl" xml:lang="en-US" id="id_14489302_3417435_1_1"> Classes of intangible assets and goodwill [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_lbl" xml:lang="en-US" id="id_14489302_3417435_2_1"> Classes of intangible assets and goodwill [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis" xlink:to="ifrs-full_ClassesOfIntangibleAssetsAndGoodwillAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_lbl" xml:lang="en-US" id="id_14489302_3417436_1_1"> Classes of intangible assets other than goodwill [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_lbl" xml:lang="en-US" id="id_14489302_3417436_2_1"> Classes of intangible assets other than goodwill [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:to="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfLiabilitiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfLiabilitiesAxis_lbl" xml:lang="en-US" id="id_14489302_3416963_1_1"> Classes of liabilities [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfLiabilitiesAxis_lbl" xml:lang="en-US" id="id_14489302_3416963_2_1"> Classes of liabilities [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfLiabilitiesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl" xml:lang="en-US" id="id_14489302_3417395_1_1"> Classes of property, plant and equipment [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl" xml:lang="en-US" id="id_14489302_3417395_2_1"> Classes of property, plant and equipment [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfProvisionsAxis" xlink:label="ifrs-full_ClassesOfProvisionsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfProvisionsAxis_lbl" xml:lang="en-US" id="id_14489302_3417396_1_1"> Classes of other provisions [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfProvisionsAxis_lbl" xml:lang="en-US" id="id_14489302_3417396_2_1"> Classes of other provisions [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfProvisionsAxis" xlink:to="ifrs-full_ClassesOfProvisionsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfShareCapitalAxis" xlink:label="ifrs-full_ClassesOfShareCapitalAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfShareCapitalAxis_lbl" xml:lang="en-US" id="id_14489302_3417439_1_1"> Classes of share capital [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfShareCapitalAxis_lbl" xml:lang="en-US" id="id_14489302_3417439_2_1"> Classes of share capital [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfShareCapitalAxis" xlink:to="ifrs-full_ClassesOfShareCapitalAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassesOfShareCapitalMember" xlink:label="ifrs-full_ClassesOfShareCapitalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfShareCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3417180_1_1"> Share capital [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassesOfShareCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3417180_2_1"> Share capital [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfShareCapitalMember" xlink:to="ifrs-full_ClassesOfShareCapitalMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:label="ifrs-full_ClassificationOfAssetsAsHeldForSaleMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassificationOfAssetsAsHeldForSaleMember_lbl" xml:lang="en-US" id="id_14489302_3417440_1_1"> Classification of assets as held for sale [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClassificationOfAssetsAsHeldForSaleMember_lbl" xml:lang="en-US" id="id_14489302_3417440_2_1"> Classification of assets as held for sale [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassificationOfAssetsAsHeldForSaleMember" xlink:to="ifrs-full_ClassificationOfAssetsAsHeldForSaleMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ClosingForeignExchangeRate" xlink:label="ifrs-full_ClosingForeignExchangeRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClosingForeignExchangeRate_lbl" xml:lang="en-US" id="id_14489302_3417442_1_1"> Closing foreign exchange rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClosingForeignExchangeRate_lbl" xml:lang="en-US" id="id_14489302_3417442_2_1"> Exchange rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ClosingForeignExchangeRate_lbl" xml:lang="en-US" id="id_14489302_3417442_12_1"> Period-end exchange rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClosingForeignExchangeRate" xlink:to="ifrs-full_ClosingForeignExchangeRate_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ClosingPriceAdjustmentAmount" xlink:label="pbr_ClosingPriceAdjustmentAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ClosingPriceAdjustmentAmount_lbl" xml:lang="en-US" id="id_14489302_3448487_3_1"> Closing price adjustment amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ClosingPriceAdjustmentAmount_lbl" xml:lang="en-US" id="id_14489302_3448487_1_1"> Closing price adjustment amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ClosingPriceAdjustmentAmount_lbl" xml:lang="en-US" id="id_14489302_3448487_2_1"> Closing price adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ClosingPriceAdjustmentAmount" xlink:to="pbr_ClosingPriceAdjustmentAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CollaborationArrangementsAxis" xlink:label="pbr_CollaborationArrangementsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CollaborationArrangementsAxis_lbl" xml:lang="en-US" id="id_14489302_3475604_3_1"> Collaboration arrangements [axis]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CollaborationArrangementsAxis_lbl" xml:lang="en-US" id="id_14489302_3475604_1_1"> Collaboration arrangements [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CollaborationArrangementsAxis_lbl" xml:lang="en-US" id="id_14489302_3475604_2_1"> Collaboration arrangements [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CollaborationArrangementsAxis" xlink:to="pbr_CollaborationArrangementsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CollaborationArrangementsDomain" xlink:label="pbr_CollaborationArrangementsDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CollaborationArrangementsDomain_lbl" xml:lang="en-US" id="id_14489302_3509638_3_1"> Collaboration arrangements [domain]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CollaborationArrangementsDomain_lbl" xml:lang="en-US" id="id_14489302_3509638_1_1"> Collaboration arrangements [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CollaborationArrangementsDomain_lbl" xml:lang="en-US" id="id_14489302_3509638_2_1"> Collaboration arrangements [domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CollaborationArrangementsDomain" xlink:to="pbr_CollaborationArrangementsDomain_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CollateralAgreementAmount" xlink:label="pbr_CollateralAgreementAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CollateralAgreementAmount_lbl" xml:lang="en-US" id="id_14489302_3460119_3_1"> Collateral agreement amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CollateralAgreementAmount_lbl" xml:lang="en-US" id="id_14489302_3460119_1_1"> Collateral agreement amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CollateralAgreementAmount_lbl" xml:lang="en-US" id="id_14489302_3460119_2_1"> Collateral for crude oil exploration concession agreements, amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CollateralAgreementAmount" xlink:to="pbr_CollateralAgreementAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CollateralAmount" xlink:label="pbr_CollateralAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CollateralAmount_lbl" xml:lang="en-US" id="id_14489302_3459564_3_1"> Collateral Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CollateralAmount_lbl" xml:lang="en-US" id="id_14489302_3459564_1_1"> Collateral Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CollateralAmount_lbl" xml:lang="en-US" id="id_14489302_3459564_2_1"> Collateral for crude oil exploration concession agreements, amount still in force </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CollateralAmount" xlink:to="pbr_CollateralAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CombinationOfDebtAssumed" xlink:label="pbr_CombinationOfDebtAssumed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CombinationOfDebtAssumed_lbl" xml:lang="en-US" id="id_14489302_3445679_3_1"> Combination Of Debt Assumed. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CombinationOfDebtAssumed_lbl" xml:lang="en-US" id="id_14489302_3445679_1_1"> Combination Of Debt Assumed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CombinationOfDebtAssumed_lbl" xml:lang="en-US" id="id_14489302_3445679_2_1"> Debts assumed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CombinationOfDebtAssumed" xlink:to="pbr_CombinationOfDebtAssumed_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions" xlink:label="ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions_lbl" xml:lang="en-US" id="id_14489302_3417844_1_1"> Commitments made by entity, related party transactions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions_lbl" xml:lang="en-US" id="id_14489302_3417844_2_1"> Contingent consideration based on milestones, maximum, per Agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions" xlink:to="ifrs-full_CommitmentsMadeByEntityRelatedPartyTransactions_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CommitmentToAcquireVolumeOfOil" xlink:label="pbr_CommitmentToAcquireVolumeOfOil"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CommitmentToAcquireVolumeOfOil_lbl" xml:lang="en-US" id="id_14489302_3540985_3_1"> Commitment to acquire volume of oil. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CommitmentToAcquireVolumeOfOil_lbl" xml:lang="en-US" id="id_14489302_3540985_1_1"> Commitment to acquire volume of oil </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CommitmentToAcquireVolumeOfOil_lbl" xml:lang="en-US" id="id_14489302_3540985_2_1"> Commitment to acquire volume of oil </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CommitmentToAcquireVolumeOfOil" xlink:to="pbr_CommitmentToAcquireVolumeOfOil_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CommodityDerivativesLiabilitiesMember" xlink:label="pbr_CommodityDerivativesLiabilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CommodityDerivativesLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3480280_3_1"> Commodity derivatives. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CommodityDerivativesLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3480280_1_1"> Commodity derivatives Liabilities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CommodityDerivativesLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3480280_2_1"> Commodity derivatives [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CommodityDerivativesLiabilitiesMember" xlink:to="pbr_CommodityDerivativesLiabilitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CommodityPriceRiskMember" xlink:label="ifrs-full_CommodityPriceRiskMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CommodityPriceRiskMember_lbl" xml:lang="en-US" id="id_14489302_3418059_1_1"> Commodity price risk [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CommodityPriceRiskMember_lbl" xml:lang="en-US" id="id_14489302_3418059_2_1"> Commodity price risk [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CommodityPriceRiskMember" xlink:to="ifrs-full_CommodityPriceRiskMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CommonAndPreferredSharesMember" xlink:label="pbr_CommonAndPreferredSharesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CommonAndPreferredSharesMember_lbl" xml:lang="en-US" id="id_14489302_3509018_3_1"> Common and preferred shares. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CommonAndPreferredSharesMember_lbl" xml:lang="en-US" id="id_14489302_3509018_1_1"> Common and preferred shares [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CommonAndPreferredSharesMember_lbl" xml:lang="en-US" id="id_14489302_3509018_2_1"> Common and preferred shares [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CommonAndPreferredSharesMember" xlink:to="pbr_CommonAndPreferredSharesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CommonSharesMember" xlink:label="pbr_CommonSharesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CommonSharesMember_lbl" xml:lang="en-US" id="id_14489302_3479267_3_1"> Common shares [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CommonSharesMember_lbl" xml:lang="en-US" id="id_14489302_3479267_1_1"> Common shares [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CommonSharesMember_lbl" xml:lang="en-US" id="id_14489302_3479267_2_1"> Common shares [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CommonSharesMember" xlink:to="pbr_CommonSharesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CommonStock1Member" xlink:label="pbr_CommonStock1Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CommonStock1Member_lbl" xml:lang="en-US" id="id_14489302_3482859_3_1"> Common stock [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CommonStock1Member_lbl" xml:lang="en-US" id="id_14489302_3482859_1_1"> Common Stock 1 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CommonStock1Member_lbl" xml:lang="en-US" id="id_14489302_3482859_2_1"> Common Stock 1 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CommonStock1Member" xlink:to="pbr_CommonStock1Member_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CompanhiaDeCoqueCalcinadoDePetroleoSACoqueparMember" xlink:label="pbr_CompanhiaDeCoqueCalcinadoDePetroleoSACoqueparMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CompanhiaDeCoqueCalcinadoDePetroleoSACoqueparMember_lbl" xml:lang="en-US" id="id_14489302_3487569_3_1"> Companhia de Coque Calcinado de Petroleo S.A.Coquepar [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CompanhiaDeCoqueCalcinadoDePetroleoSACoqueparMember_lbl" xml:lang="en-US" id="id_14489302_3487569_1_1"> Companhia de Coque Calcinado de Petroleo S.A.Coquepar [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CompanhiaDeCoqueCalcinadoDePetroleoSACoqueparMember_lbl" xml:lang="en-US" id="id_14489302_3487569_2_1"> Companhia de Coque Calcinado de Petroleo S.A.Coquepar [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CompanhiaDeCoqueCalcinadoDePetroleoSACoqueparMember" xlink:to="pbr_CompanhiaDeCoqueCalcinadoDePetroleoSACoqueparMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CompanhiaPetroqumicaDePernambucoAndCompanhiaIntegradaTextilDePernambucoMember" xlink:label="pbr_CompanhiaPetroqumicaDePernambucoAndCompanhiaIntegradaTextilDePernambucoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CompanhiaPetroqumicaDePernambucoAndCompanhiaIntegradaTextilDePernambucoMember_lbl" xml:lang="en-US" id="id_14489302_3487644_3_1"> Companhia Petroqumica de Pernambuco and Companhia Integrada Txtil de Pernambuco. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CompanhiaPetroqumicaDePernambucoAndCompanhiaIntegradaTextilDePernambucoMember_lbl" xml:lang="en-US" id="id_14489302_3487644_1_1"> Companhia Petroqumica De Pernambuco And Companhia Integrada Textil De Pernambuco [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CompanhiaPetroqumicaDePernambucoAndCompanhiaIntegradaTextilDePernambucoMember_lbl" xml:lang="en-US" id="id_14489302_3487644_2_1"> Companhia Petroqumica De Pernambuco and Companhia Integrada Textil De Pernambuco [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CompanhiaPetroqumicaDePernambucoAndCompanhiaIntegradaTextilDePernambucoMember" xlink:to="pbr_CompanhiaPetroqumicaDePernambucoAndCompanhiaIntegradaTextilDePernambucoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CompaniaMegaSAMember" xlink:label="pbr_CompaniaMegaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CompaniaMegaSAMember_lbl" xml:lang="en-US" id="id_14489302_3488004_3_1"> Compania Mega SA Member </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CompaniaMegaSAMember_lbl" xml:lang="en-US" id="id_14489302_3488004_1_1"> Compania Mega SA [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CompaniaMegaSAMember_lbl" xml:lang="en-US" id="id_14489302_3488004_2_1"> Compania Mega SA [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CompaniaMegaSAMember" xlink:to="pbr_CompaniaMegaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CompensationForEarlyTerminationOfContract" xlink:label="pbr_CompensationForEarlyTerminationOfContract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CompensationForEarlyTerminationOfContract_lbl" xml:lang="en-US" id="id_14489302_3448392_3_1"> Compensation for early termination of contract. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CompensationForEarlyTerminationOfContract_lbl" xml:lang="en-US" id="id_14489302_3448392_1_1"> Compensation for early termination of contract </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CompensationForEarlyTerminationOfContract_lbl" xml:lang="en-US" id="id_14489302_3448392_2_1"> Compensation for early termination of contract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CompensationForEarlyTerminationOfContract" xlink:to="pbr_CompensationForEarlyTerminationOfContract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CompensationReceivedFromThirdParties" xlink:label="pbr_CompensationReceivedFromThirdParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CompensationReceivedFromThirdParties_lbl" xml:lang="en-US" id="id_14489302_3433839_3_1"> Compensation received from third parties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CompensationReceivedFromThirdParties_lbl" xml:lang="en-US" id="id_14489302_3433839_1_1"> Compensation Received From Third Parties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CompensationReceivedFromThirdParties_lbl" xml:lang="en-US" id="id_14489302_3433839_2_1"> Compensation amount received </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CompensationReceivedFromThirdParties" xlink:to="pbr_CompensationReceivedFromThirdParties_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ComperjMember" xlink:label="pbr_ComperjMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ComperjMember_lbl" xml:lang="en-US" id="id_14489302_3491953_3_1"> Comperj. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ComperjMember_lbl" xml:lang="en-US" id="id_14489302_3491953_1_1"> Comperj [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ComperjMember_lbl" xml:lang="en-US" id="id_14489302_3491953_2_1"> Comperj [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ComperjMember" xlink:to="pbr_ComperjMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ComplementOfMinimumMandatoryDividendsMember" xlink:label="pbr_ComplementOfMinimumMandatoryDividendsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ComplementOfMinimumMandatoryDividendsMember_lbl" xml:lang="en-US" id="id_14489302_3553186_3_1"> Complement of minimum mandatory dividends. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ComplementOfMinimumMandatoryDividendsMember_lbl" xml:lang="en-US" id="id_14489302_3553186_1_1"> Complement of minimum mandatory dividends [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ComplementOfMinimumMandatoryDividendsMember_lbl" xml:lang="en-US" id="id_14489302_3553186_2_1"> Complement of minimum mandatory dividends [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ComplementOfMinimumMandatoryDividendsMember" xlink:to="pbr_ComplementOfMinimumMandatoryDividendsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ComplementOfProfitSharing" xlink:label="pbr_ComplementOfProfitSharing"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ComplementOfProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553175_3_1"> Complement of profit sharing. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ComplementOfProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553175_1_1"> Complement of profit sharing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ComplementOfProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553175_2_1"> Provision of complement of the profit sharing </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ComplementOfProfitSharing" xlink:to="pbr_ComplementOfProfitSharing_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ifrs-full_ComponentsOfEquityAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfEquityAxis_lbl" xml:lang="en-US" id="id_14489302_3417632_1_1"> Components of equity [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfEquityAxis_lbl" xml:lang="en-US" id="id_14489302_3417632_2_1"> Components of equity [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityAxis" xlink:to="ifrs-full_ComponentsOfEquityAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en-US" id="id_14489302_3417846_1_1"> Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en-US" id="id_14489302_3417846_2_1"> Items that will not be reclassified to the statement of income: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ifrs-full_ComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3417449_1_1"> Comprehensive income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3417449_6_1"> Total comprehensive income (loss) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncome" xlink:to="ifrs-full_ComprehensiveIncome_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3417452_1_1"> Comprehensive income, attributable to non-controlling interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3417452_14_1"> Non-controlling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3417847_1_1"> Comprehensive income, attributable to owners of parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3417847_6_1"> Comprehensive income attributable to shareholders of Petrobras </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_CondensedStatementOfComprehensiveIncomeTable" xlink:label="srt_CondensedStatementOfComprehensiveIncomeTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_CondensedStatementOfComprehensiveIncomeTable_lbl" xml:lang="en-US" id="id_14489302_3417853_1_1"> Condensed Statement of Comprehensive Income [Table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_CondensedStatementOfComprehensiveIncomeTable_lbl" xml:lang="en-US" id="id_14489302_3417853_2_1"> Condensed Statement of Comprehensive Income [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CondensedStatementOfComprehensiveIncomeTable" xlink:to="srt_CondensedStatementOfComprehensiveIncomeTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_CondensedStatementOfIncomeCaptionsLineItems" xlink:label="srt_CondensedStatementOfIncomeCaptionsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_CondensedStatementOfIncomeCaptionsLineItems_lbl" xml:lang="en-US" id="id_14489302_3417642_1_1"> Condensed Statement of Income Captions [Line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_CondensedStatementOfIncomeCaptionsLineItems_lbl" xml:lang="en-US" id="id_14489302_3417642_2_1"> Condensed Statement of Income Captions [Line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CondensedStatementOfIncomeCaptionsLineItems" xlink:to="srt_CondensedStatementOfIncomeCaptionsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ConditionFourMember" xlink:label="pbr_ConditionFourMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ConditionFourMember_lbl" xml:lang="en-US" id="id_14489302_3478132_3_1"> Condition four. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ConditionFourMember_lbl" xml:lang="en-US" id="id_14489302_3478132_1_1"> Condition Four [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ConditionFourMember_lbl" xml:lang="en-US" id="id_14489302_3478132_2_1"> Parque das Baleias complex [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ConditionFourMember" xlink:to="pbr_ConditionFourMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ConditionOneMember" xlink:label="pbr_ConditionOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ConditionOneMember_lbl" xml:lang="en-US" id="id_14489302_3480403_3_1"> Condition one. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ConditionOneMember_lbl" xml:lang="en-US" id="id_14489302_3480403_1_1"> Condition one [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ConditionOneMember_lbl" xml:lang="en-US" id="id_14489302_3480403_2_1"> Lula and Cernanbi [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ConditionOneMember" xlink:to="pbr_ConditionOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ConditionThreeMember" xlink:label="pbr_ConditionThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ConditionThreeMember_lbl" xml:lang="en-US" id="id_14489302_3480402_3_1"> Condition three. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ConditionThreeMember_lbl" xml:lang="en-US" id="id_14489302_3480402_1_1"> Condition three [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ConditionThreeMember_lbl" xml:lang="en-US" id="id_14489302_3480402_2_1"> Tartaruga Verde and Mestica [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ConditionThreeMember" xlink:to="pbr_ConditionThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ConditionTwoMember" xlink:label="pbr_ConditionTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ConditionTwoMember_lbl" xml:lang="en-US" id="id_14489302_3480404_3_1"> Condition two. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ConditionTwoMember_lbl" xml:lang="en-US" id="id_14489302_3480404_1_1"> Condition two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ConditionTwoMember_lbl" xml:lang="en-US" id="id_14489302_3480404_2_1"> Bauna and Piracicaba [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ConditionTwoMember" xlink:to="pbr_ConditionTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ConectaAndDGMMember" xlink:label="pbr_ConectaAndDGMMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ConectaAndDGMMember_lbl" xml:lang="en-US" id="id_14489302_3510314_3_1"> Conecta and DGM. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ConectaAndDGMMember_lbl" xml:lang="en-US" id="id_14489302_3510314_1_1"> Conecta and DGM [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ConectaAndDGMMember_lbl" xml:lang="en-US" id="id_14489302_3510314_2_1"> Conecta and DGM [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ConectaAndDGMMember" xlink:to="pbr_ConectaAndDGMMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ConsiderationPaidReceived" xlink:label="ifrs-full_ConsiderationPaidReceived"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ConsiderationPaidReceived_lbl" xml:lang="en-US" id="id_14489302_3417643_1_1"> Consideration paid (received) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ConsiderationPaidReceived_lbl" xml:lang="en-US" id="id_14489302_3417643_2_1"> Consideration for sale of onshore producing fields </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConsiderationPaidReceived" xlink:to="ifrs-full_ConsiderationPaidReceived_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ConsolidatedAndEquityMethodInvesteesMember" xlink:label="pbr_ConsolidatedAndEquityMethodInvesteesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ConsolidatedAndEquityMethodInvesteesMember_lbl" xml:lang="en-US" id="id_14489302_3498148_3_1"> Consolidated and equity method investees [member]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ConsolidatedAndEquityMethodInvesteesMember_lbl" xml:lang="en-US" id="id_14489302_3498148_1_1"> Consolidated And Equity Method Investees [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ConsolidatedAndEquityMethodInvesteesMember_lbl" xml:lang="en-US" id="id_14489302_3498148_2_1"> Consolidated And Equity Method Investees [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ConsolidatedAndEquityMethodInvesteesMember" xlink:to="pbr_ConsolidatedAndEquityMethodInvesteesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="srt_ConsolidatedEntitiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xml:lang="en-US" id="id_14489302_3417855_1_1"> Consolidated Entities [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xml:lang="en-US" id="id_14489302_3417855_2_1"> Consolidated Entities [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesAxis" xlink:to="srt_ConsolidatedEntitiesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="srt_ConsolidatedEntitiesDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xml:lang="en-US" id="id_14489302_3417460_1_1"> Consolidated Entities [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xml:lang="en-US" id="id_14489302_3417460_2_1"> Consolidated Entities [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesDomain" xlink:to="srt_ConsolidatedEntitiesDomain_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ConsolidatedEntitiesMember" xlink:label="pbr_ConsolidatedEntitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ConsolidatedEntitiesMember_lbl" xml:lang="en-US" id="id_14489302_3538981_3_1"> Consolidated entities . </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ConsolidatedEntitiesMember_lbl" xml:lang="en-US" id="id_14489302_3538981_1_1"> Consolidated Entities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ConsolidatedEntitiesMember_lbl" xml:lang="en-US" id="id_14489302_3538981_2_1"> Consolidated Entities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ConsolidatedEntitiesMember" xlink:to="pbr_ConsolidatedEntitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ConsolidatedStructuredEntitiesAxis" xlink:label="ifrs-full_ConsolidatedStructuredEntitiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ConsolidatedStructuredEntitiesAxis_lbl" xml:lang="en-US" id="id_14489302_3417462_1_1"> Consolidated structured entities [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ConsolidatedStructuredEntitiesAxis_lbl" xml:lang="en-US" id="id_14489302_3417462_2_1"> Consolidated structured entities [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConsolidatedStructuredEntitiesAxis" xlink:to="ifrs-full_ConsolidatedStructuredEntitiesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ConsolidatedStructuredEntitiesMember" xlink:label="ifrs-full_ConsolidatedStructuredEntitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ConsolidatedStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_14489302_3417463_1_1"> Consolidated structured entities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ConsolidatedStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_14489302_3417463_2_1"> Consolidated Entities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConsolidatedStructuredEntitiesMember" xlink:to="ifrs-full_ConsolidatedStructuredEntitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ConstructionInProgressMember" xlink:label="ifrs-full_ConstructionInProgressMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ConstructionInProgressMember_lbl" xml:lang="en-US" id="id_14489302_3418068_1_1"> Construction in progress [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ConstructionInProgressMember_lbl" xml:lang="en-US" id="id_14489302_3418068_2_1"> Assets under construction [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConstructionInProgressMember" xlink:to="ifrs-full_ConstructionInProgressMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ContaDeDesenvolvimentoEnergticoMember" xlink:label="pbr_ContaDeDesenvolvimentoEnergticoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ContaDeDesenvolvimentoEnergticoMember_lbl" xml:lang="en-US" id="id_14489302_3495657_3_1"> Conta de desenvolvimento energtico [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ContaDeDesenvolvimentoEnergticoMember_lbl" xml:lang="en-US" id="id_14489302_3495657_1_1"> Conta de desenvolvimento energtico [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ContaDeDesenvolvimentoEnergticoMember_lbl" xml:lang="en-US" id="id_14489302_3495657_2_1"> Conta de desenvolvimento energtico [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ContaDeDesenvolvimentoEnergticoMember" xlink:to="pbr_ContaDeDesenvolvimentoEnergticoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ContingentLiabilitiesCurrentStatus" xlink:label="pbr_ContingentLiabilitiesCurrentStatus"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ContingentLiabilitiesCurrentStatus_lbl" xml:lang="en-US" id="id_14489302_3469287_3_1"> Contingent Liabilities Current Status </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ContingentLiabilitiesCurrentStatus_lbl" xml:lang="en-US" id="id_14489302_3469287_1_1"> Contingent Liabilities Current Status </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ContingentLiabilitiesCurrentStatus_lbl" xml:lang="en-US" id="id_14489302_3469287_2_1"> Contingent liabilities, current status </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ContingentLiabilitiesCurrentStatus" xlink:to="pbr_ContingentLiabilitiesCurrentStatus_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ContingentLiabilitiesForLegalProceedings" xlink:label="pbr_ContingentLiabilitiesForLegalProceedings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ContingentLiabilitiesForLegalProceedings_lbl" xml:lang="en-US" id="id_14489302_3456094_3_1"> Contingent liabilities for legal proceedings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ContingentLiabilitiesForLegalProceedings_lbl" xml:lang="en-US" id="id_14489302_3456094_1_1"> Contingent liabilities for legal proceedings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ContingentLiabilitiesForLegalProceedings_lbl" xml:lang="en-US" id="id_14489302_3456094_2_1"> Estimate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_ContingentLiabilitiesForLegalProceedings_lbl" xml:lang="en-US" id="id_14489302_3456094_12_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ContingentLiabilitiesForLegalProceedings" xlink:to="pbr_ContingentLiabilitiesForLegalProceedings_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ContingentLiabilitiesMember" xlink:label="ifrs-full_ContingentLiabilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContingentLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3418076_1_1"> Contingent liabilities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ContingentLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3418076_2_1"> Contingent liabilities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContingentLiabilitiesMember" xlink:to="ifrs-full_ContingentLiabilitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ContingentPayments" xlink:label="pbr_ContingentPayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ContingentPayments_lbl" xml:lang="en-US" id="id_14489302_3450500_3_1"> Contingent payments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ContingentPayments_lbl" xml:lang="en-US" id="id_14489302_3450500_1_1"> Contingent Payments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ContingentPayments_lbl" xml:lang="en-US" id="id_14489302_3450500_2_1"> Contingent payment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ContingentPayments" xlink:to="pbr_ContingentPayments_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:label="ifrs-full_ContinuingAndDiscontinuedOperationsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContinuingAndDiscontinuedOperationsAxis_lbl" xml:lang="en-US" id="id_14489302_3418080_1_1"> Continuing and discontinued operations [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ContinuingAndDiscontinuedOperationsAxis_lbl" xml:lang="en-US" id="id_14489302_3418080_2_1"> Continuing and discontinued operations [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:to="ifrs-full_ContinuingAndDiscontinuedOperationsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ContinuingOperationsMember" xlink:label="ifrs-full_ContinuingOperationsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContinuingOperationsMember_lbl" xml:lang="en-US" id="id_14489302_3418082_1_1"> Continuing operations [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ContinuingOperationsMember_lbl" xml:lang="en-US" id="id_14489302_3418082_2_1"> Continuing operations [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContinuingOperationsMember" xlink:to="ifrs-full_ContinuingOperationsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ContractDurationAxis" xlink:label="ifrs-full_ContractDurationAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContractDurationAxis_lbl" xml:lang="en-US" id="id_14489302_3417654_1_1"> Contract duration [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ContractDurationAxis_lbl" xml:lang="en-US" id="id_14489302_3417654_2_1"> Contract duration [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContractDurationAxis" xlink:to="ifrs-full_ContractDurationAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ContractDurationMember" xlink:label="ifrs-full_ContractDurationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContractDurationMember_lbl" xml:lang="en-US" id="id_14489302_3417869_1_1"> Contract duration [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ContractDurationMember_lbl" xml:lang="en-US" id="id_14489302_3417869_2_1"> Contract duration [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContractDurationMember" xlink:to="ifrs-full_ContractDurationMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ContractRemainingPerformaceObligationExpectedTerm" xlink:label="pbr_ContractRemainingPerformaceObligationExpectedTerm"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ContractRemainingPerformaceObligationExpectedTerm_lbl" xml:lang="en-US" id="id_14489302_3553209_3_1"> Contract remaining performace obligation expected term </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ContractRemainingPerformaceObligationExpectedTerm_lbl" xml:lang="en-US" id="id_14489302_3553209_1_1"> Contract remaining performace obligation expected term </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ContractRemainingPerformaceObligationExpectedTerm_lbl" xml:lang="en-US" id="id_14489302_3553209_2_1"> Contract remaining performance obligation expected term </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ContractRemainingPerformaceObligationExpectedTerm" xlink:to="pbr_ContractRemainingPerformaceObligationExpectedTerm_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ContractualCapitalCommitments" xlink:label="ifrs-full_ContractualCapitalCommitments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContractualCapitalCommitments_lbl" xml:lang="en-US" id="id_14489302_3417871_1_1"> Contractual capital commitments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ContractualCapitalCommitments_lbl" xml:lang="en-US" id="id_14489302_3417871_2_1"> Investment from joint venture partner </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContractualCapitalCommitments" xlink:to="ifrs-full_ContractualCapitalCommitments_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ContributionsByTheEmployeesAmountContributedToActuarialLiability" xlink:label="pbr_ContributionsByTheEmployeesAmountContributedToActuarialLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ContributionsByTheEmployeesAmountContributedToActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3456443_3_1"> Contributions by the employees amount contributed to actuarial liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ContributionsByTheEmployeesAmountContributedToActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3456443_1_1"> Contributions By The Employees Amount Contributed To Actuarial Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ContributionsByTheEmployeesAmountContributedToActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3456443_2_1"> Contributions paid </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ContributionsByTheEmployeesAmountContributedToActuarialLiability" xlink:to="pbr_ContributionsByTheEmployeesAmountContributedToActuarialLiability_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ContributionsByTheEmployeesAmountContributedToFairValueOfPlanAssets" xlink:label="pbr_ContributionsByTheEmployeesAmountContributedToFairValueOfPlanAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ContributionsByTheEmployeesAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3456155_3_1"> Contributions by the employees amount contributed to fair value of plan assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ContributionsByTheEmployeesAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3456155_1_1"> Contributions by the Employees Amount Contributed To Fair Value Of Plan Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ContributionsByTheEmployeesAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3456155_2_1"> Contributions paid by participants </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ContributionsByTheEmployeesAmountContributedToFairValueOfPlanAssets" xlink:to="pbr_ContributionsByTheEmployeesAmountContributedToFairValueOfPlanAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ContributionsByTheEmployersAmountContributedToFairValueOfPlanAssets" xlink:label="pbr_ContributionsByTheEmployersAmountContributedToFairValueOfPlanAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ContributionsByTheEmployersAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3465776_3_1"> Contributions by the employers amount contributed to fair value of plan assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ContributionsByTheEmployersAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3465776_1_1"> Contributions by the Employers Amount Contributed To Fair Value Of Plan Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ContributionsByTheEmployersAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3465776_2_1"> Contributions paid by the sponsor (Company) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ContributionsByTheEmployersAmountContributedToFairValueOfPlanAssets" xlink:to="pbr_ContributionsByTheEmployersAmountContributedToFairValueOfPlanAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3417475_1_1"> Contributions to plan by plan participants, net defined benefit liability (asset) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3417475_14_1"> Contributions paid by participants </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ContributionsToPlanByPlanParticipantsNetDefinedBenefitLiabilityAsset_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ConvergeOfPriceInflationIndexPeriod" xlink:label="pbr_ConvergeOfPriceInflationIndexPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ConvergeOfPriceInflationIndexPeriod_lbl" xml:lang="en-US" id="id_14489302_3472237_3_1"> Converge of price inflation index period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ConvergeOfPriceInflationIndexPeriod_lbl" xml:lang="en-US" id="id_14489302_3472237_1_1"> Converge of Price Inflation Index Period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ConvergeOfPriceInflationIndexPeriod_lbl" xml:lang="en-US" id="id_14489302_3472237_2_1"> Period of price inflation index </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ConvergeOfPriceInflationIndexPeriod" xlink:to="pbr_ConvergeOfPriceInflationIndexPeriod_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CopetrolGroupMember" xlink:label="pbr_CopetrolGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CopetrolGroupMember_lbl" xml:lang="en-US" id="id_14489302_3496437_3_1"> Copetrol group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CopetrolGroupMember_lbl" xml:lang="en-US" id="id_14489302_3496437_1_1"> Copetrol group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CopetrolGroupMember_lbl" xml:lang="en-US" id="id_14489302_3496437_2_1"> Copetrol group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CopetrolGroupMember" xlink:to="pbr_CopetrolGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CorporateMember" xlink:label="pbr_CorporateMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CorporateMember_lbl" xml:lang="en-US" id="id_14489302_3532589_3_1"> Corporate [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CorporateMember_lbl" xml:lang="en-US" id="id_14489302_3532589_1_1"> Corporate [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CorporateMember_lbl" xml:lang="en-US" id="id_14489302_3532589_2_1"> Corporate [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CorporateMember" xlink:to="pbr_CorporateMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CorporateSegmentMember" xlink:label="pbr_CorporateSegmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CorporateSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3477208_3_1"> Corporate Segment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CorporateSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3477208_1_1"> Corporate Segment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CorporateSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3477208_2_1"> Corporate Segment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CorporateSegmentMember" xlink:to="pbr_CorporateSegmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CostOfDieselSold" xlink:label="pbr_CostOfDieselSold"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CostOfDieselSold_lbl" xml:lang="en-US" id="id_14489302_3448489_3_1"> Cost of diesel sold. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CostOfDieselSold_lbl" xml:lang="en-US" id="id_14489302_3448489_1_1"> Cost Of Diesel Sold </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CostOfDieselSold_lbl" xml:lang="en-US" id="id_14489302_3448489_2_1"> Cost of diesel sold per liter </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CostOfDieselSold" xlink:to="pbr_CostOfDieselSold_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CostOfSales" xlink:label="ifrs-full_CostOfSales"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CostOfSales_lbl" xml:lang="en-US" id="id_14489302_3417481_1_1"> Cost of sales </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CostOfSales_lbl" xml:lang="en-US" id="id_14489302_3417481_14_1"> Cost of sales </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CostOfSales" xlink:to="ifrs-full_CostOfSales_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CostOfSalesMember" xlink:label="pbr_CostOfSalesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CostOfSalesMember_lbl" xml:lang="en-US" id="id_14489302_3531994_3_1"> Cost of sales </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CostOfSalesMember_lbl" xml:lang="en-US" id="id_14489302_3531994_1_1"> Cost of sales [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CostOfSalesMember_lbl" xml:lang="en-US" id="id_14489302_3531994_2_1"> Cost of sales [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CostOfSalesMember" xlink:to="pbr_CostOfSalesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:label="pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3541101_3_1"> Costs incurred acquisition of oil and gas properties [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3541101_1_1"> Costs incurred acquisition of oil and gas properties [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3541101_2_1"> Acquisition costs: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract" xlink:to="pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves" xlink:label="pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves_lbl" xml:lang="en-US" id="id_14489302_3538985_3_1"> Costs incurred acquisition of oil and gas properties with proved reserves. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves_lbl" xml:lang="en-US" id="id_14489302_3538985_1_1"> Costs incurred acquisition of oil and gas properties with proved reserves </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves_lbl" xml:lang="en-US" id="id_14489302_3538985_2_1"> Proved </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves" xlink:to="pbr_CostsIncurredAcquisitionOfOilAndGasPropertiesWithProvedReserves_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties" xlink:label="pbr_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties_lbl" xml:lang="en-US" id="id_14489302_3532016_3_1"> Costs incurred acquisition of unproved oil and gas properties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties_lbl" xml:lang="en-US" id="id_14489302_3532016_1_1"> Costs incurred acquisition of unproved oil and gas properties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties_lbl" xml:lang="en-US" id="id_14489302_3532016_2_1"> Unproved </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties" xlink:to="pbr_CostsIncurredAcquisitionOfUnprovedOilAndGasProperties_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CostsIncurredDevelopmentCosts" xlink:label="pbr_CostsIncurredDevelopmentCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CostsIncurredDevelopmentCosts_lbl" xml:lang="en-US" id="id_14489302_3532017_3_1"> Costs incurred development costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CostsIncurredDevelopmentCosts_lbl" xml:lang="en-US" id="id_14489302_3532017_1_1"> Costs incurred development costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CostsIncurredDevelopmentCosts_lbl" xml:lang="en-US" id="id_14489302_3532017_2_1"> Development costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CostsIncurredDevelopmentCosts" xlink:to="pbr_CostsIncurredDevelopmentCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CostsIncurredExplorationCosts" xlink:label="pbr_CostsIncurredExplorationCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CostsIncurredExplorationCosts_lbl" xml:lang="en-US" id="id_14489302_3532018_3_1"> Costs incurred exploration costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CostsIncurredExplorationCosts_lbl" xml:lang="en-US" id="id_14489302_3532018_1_1"> Costs incurred exploration costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CostsIncurredExplorationCosts_lbl" xml:lang="en-US" id="id_14489302_3532018_2_1"> Exploration costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CostsIncurredExplorationCosts" xlink:to="pbr_CostsIncurredExplorationCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CostsincurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable" xlink:label="pbr_CostsincurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CostsincurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable_lbl" xml:lang="en-US" id="id_14489302_3538937_3_1"> CostsIncurred in oil and gas property acquisition exploration and development activities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CostsincurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable_lbl" xml:lang="en-US" id="id_14489302_3538937_1_1"> CostsIncurred In Oil And Gas Property Acquisition Exploration And Development Activities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CostsincurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable_lbl" xml:lang="en-US" id="id_14489302_3538937_2_1"> CostsIncurred In Oil And Gas Property Acquisition Exploration And Development Activities [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CostsincurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable" xlink:to="pbr_CostsincurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities" xlink:label="pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities_lbl" xml:lang="en-US" id="id_14489302_3532019_3_1"> Costs incurred oil and gas property acquisition exploration and development activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities_lbl" xml:lang="en-US" id="id_14489302_3532019_1_1"> Costs incurred oil and gas property acquisition exploration and development activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities_lbl" xml:lang="en-US" id="id_14489302_3532019_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities" xlink:to="pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems" xlink:label="pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3538939_3_1"> Costs incurred oil and gas property acquisition exploration and development activities [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3538939_1_1"> Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3538939_2_1"> Costs Incurred Oil And Gas Property Acquisition Exploration And Development Activities [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems" xlink:to="pbr_CostsIncurredOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CounterpartiesAxis" xlink:label="ifrs-full_CounterpartiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CounterpartiesAxis_lbl" xml:lang="en-US" id="id_14489302_3417666_1_1"> Counterparties [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CounterpartiesAxis_lbl" xml:lang="en-US" id="id_14489302_3417666_2_1"> Counterparties [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CounterpartiesAxis" xlink:to="ifrs-full_CounterpartiesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CounterpartiesMember" xlink:label="ifrs-full_CounterpartiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CounterpartiesMember_lbl" xml:lang="en-US" id="id_14489302_3417482_1_1"> Counterparties [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CounterpartiesMember_lbl" xml:lang="en-US" id="id_14489302_3417482_2_1"> Counterparties [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CounterpartiesMember" xlink:to="ifrs-full_CounterpartiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CountryOfDomicileMember" xlink:label="ifrs-full_CountryOfDomicileMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CountryOfDomicileMember_lbl" xml:lang="en-US" id="id_14489302_3417667_1_1"> Country of domicile [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CountryOfDomicileMember_lbl" xml:lang="en-US" id="id_14489302_3417667_2_1"> Brazil [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CountryOfDomicileMember" xlink:to="ifrs-full_CountryOfDomicileMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary" xlink:label="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3418094_1_1"> Country of incorporation of subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3418094_2_1"> Country </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary" xlink:to="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:label="dei_CoverAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CoverAbstract_lbl" xml:lang="en-US" id="id_14489302_3911260_1_1"> Cover page. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_CoverAbstract_lbl" xml:lang="en-US" id="id_14489302_3911260_2_1"> Cover page. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CreditAgricoleMember" xlink:label="pbr_CreditAgricoleMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CreditAgricoleMember_lbl" xml:lang="en-US" id="id_14489302_3482084_3_1"> Credit Agricole corporate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CreditAgricoleMember_lbl" xml:lang="en-US" id="id_14489302_3482084_1_1"> Credit Agricole [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CreditAgricoleMember_lbl" xml:lang="en-US" id="id_14489302_3482084_2_1"> Credit Agricole Corporate [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CreditAgricoleMember" xlink:to="pbr_CreditAgricoleMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CreditDerivativeNominalAmount" xlink:label="ifrs-full_CreditDerivativeNominalAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CreditDerivativeNominalAmount_lbl" xml:lang="en-US" id="id_14489302_3417672_1_1"> Credit derivative, nominal amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CreditDerivativeNominalAmount_lbl" xml:lang="en-US" id="id_14489302_3417672_2_1"> Nominal value of hedging instrument at December 31, 2018 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CreditDerivativeNominalAmount" xlink:to="ifrs-full_CreditDerivativeNominalAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CreditRemittanceToAuthorities" xlink:label="pbr_CreditRemittanceToAuthorities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CreditRemittanceToAuthorities_lbl" xml:lang="en-US" id="id_14489302_3540978_3_1"> Credit remittance to authorities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CreditRemittanceToAuthorities_lbl" xml:lang="en-US" id="id_14489302_3540978_1_1"> Credit remittance to authorities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CreditRemittanceToAuthorities_lbl" xml:lang="en-US" id="id_14489302_3540978_2_1"> Credit remittance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CreditRemittanceToAuthorities" xlink:to="pbr_CreditRemittanceToAuthorities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CrossCurrencySwapMaturedInTwoThousandThirtyFourMember" xlink:label="pbr_CrossCurrencySwapMaturedInTwoThousandThirtyFourMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CrossCurrencySwapMaturedInTwoThousandThirtyFourMember_lbl" xml:lang="en-US" id="id_14489302_3510317_3_1"> Cross Currency Swap Matured In Two Thousand Thirty Four. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CrossCurrencySwapMaturedInTwoThousandThirtyFourMember_lbl" xml:lang="en-US" id="id_14489302_3510317_1_1"> Cross Currency Swap Matured In Two Thousand Thirty Four [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CrossCurrencySwapMaturedInTwoThousandThirtyFourMember_lbl" xml:lang="en-US" id="id_14489302_3510317_2_1"> Cross Currency Swap Matured In Two Thousand Thirty Four [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CrossCurrencySwapMaturedInTwoThousandThirtyFourMember" xlink:to="pbr_CrossCurrencySwapMaturedInTwoThousandThirtyFourMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CrossCurrencySwapMaturedInTwoThousandTwentySixMember" xlink:label="pbr_CrossCurrencySwapMaturedInTwoThousandTwentySixMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CrossCurrencySwapMaturedInTwoThousandTwentySixMember_lbl" xml:lang="en-US" id="id_14489302_3510316_3_1"> Cross Currency Swap Matured In Two Thousand Twenty Six. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CrossCurrencySwapMaturedInTwoThousandTwentySixMember_lbl" xml:lang="en-US" id="id_14489302_3510316_1_1"> Cross Currency Swap Matured In Two Thousand Twenty Six [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CrossCurrencySwapMaturedInTwoThousandTwentySixMember_lbl" xml:lang="en-US" id="id_14489302_3510316_2_1"> Cross Currency Swap Matured In Two Thousand Twenty Six [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CrossCurrencySwapMaturedInTwoThousandTwentySixMember" xlink:to="pbr_CrossCurrencySwapMaturedInTwoThousandTwentySixMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CrudeOil1Member" xlink:label="pbr_CrudeOil1Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CrudeOil1Member_lbl" xml:lang="en-US" id="id_14489302_3479891_3_1"> Crude Oil [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CrudeOil1Member_lbl" xml:lang="en-US" id="id_14489302_3479891_1_1"> Crude Oil 1 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CrudeOil1Member_lbl" xml:lang="en-US" id="id_14489302_3479891_2_1"> Crude Oil [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CrudeOil1Member" xlink:to="pbr_CrudeOil1Member_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CrudeOilAndCommercializedNaturalGasMember" xlink:label="pbr_CrudeOilAndCommercializedNaturalGasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CrudeOilAndCommercializedNaturalGasMember_lbl" xml:lang="en-US" id="id_14489302_3503354_3_1"> Crude oil and commercialized natural gas [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CrudeOilAndCommercializedNaturalGasMember_lbl" xml:lang="en-US" id="id_14489302_3503354_1_1"> Crude oil and commercialized natural gas [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CrudeOilAndCommercializedNaturalGasMember_lbl" xml:lang="en-US" id="id_14489302_3503354_2_1"> Crude oil and natural gas [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CrudeOilAndCommercializedNaturalGasMember" xlink:to="pbr_CrudeOilAndCommercializedNaturalGasMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CrudeOilAndOilProductsPledgedAsSecurity" xlink:label="pbr_CrudeOilAndOilProductsPledgedAsSecurity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CrudeOilAndOilProductsPledgedAsSecurity_lbl" xml:lang="en-US" id="id_14489302_3456165_3_1"> Crude oil and oil products pledged as security. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CrudeOilAndOilProductsPledgedAsSecurity_lbl" xml:lang="en-US" id="id_14489302_3456165_1_1"> Crude oil and oil products pledged as security </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CrudeOilAndOilProductsPledgedAsSecurity_lbl" xml:lang="en-US" id="id_14489302_3456165_2_1"> Crude oil and oil products pledged as security </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CrudeOilAndOilProductsPledgedAsSecurity" xlink:to="pbr_CrudeOilAndOilProductsPledgedAsSecurity_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CumulativeTranslationAdjustment" xlink:label="pbr_CumulativeTranslationAdjustment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CumulativeTranslationAdjustment_lbl" xml:lang="en-US" id="id_14489302_3467123_3_1"> Cumulative translation adjustment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CumulativeTranslationAdjustment_lbl" xml:lang="en-US" id="id_14489302_3467123_1_1"> Cumulative translation adjustment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CumulativeTranslationAdjustment_lbl" xml:lang="en-US" id="id_14489302_3467123_2_1"> CTA </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CumulativeTranslationAdjustment" xlink:to="pbr_CumulativeTranslationAdjustment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeAndOtherReceivables" xlink:label="pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeAndOtherReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456196_3_1"> Cumulative translation adjustment of Allowance for impairment of trade and other receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456196_1_1"> Cumulative translation adjustment of Allowance for impairment of trade and other receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456196_14_1"> Cumulative translation adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeAndOtherReceivables" xlink:to="pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeAndOtherReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeReceivables" xlink:label="pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3456093_3_1"> Cumulative translation adjustment of allowance for impairment of trade receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3456093_1_1"> Cumulative translation adjustment of allowance for impairment of trade receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3456093_2_1"> CTA </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeReceivables" xlink:to="pbr_CumulativeTranslationAdjustmentOfAllowanceForImpairmentOfTradeReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CumulativeTranslationAdjustments" xlink:label="pbr_CumulativeTranslationAdjustments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CumulativeTranslationAdjustments_lbl" xml:lang="en-US" id="id_14489302_3456157_3_1"> Cumulative translation adjustments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CumulativeTranslationAdjustments_lbl" xml:lang="en-US" id="id_14489302_3456157_1_1"> Cumulative translation adjustments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CumulativeTranslationAdjustments_lbl" xml:lang="en-US" id="id_14489302_3456157_2_1"> Cumulative translation adjustment (CTA) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CumulativeTranslationAdjustments" xlink:to="pbr_CumulativeTranslationAdjustments_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CumulativeTranslationAdjustmentsForUnitization" xlink:label="pbr_CumulativeTranslationAdjustmentsForUnitization"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CumulativeTranslationAdjustmentsForUnitization_lbl" xml:lang="en-US" id="id_14489302_3553112_3_1"> Cumulative translation adjustments for unitization. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CumulativeTranslationAdjustmentsForUnitization_lbl" xml:lang="en-US" id="id_14489302_3553112_1_1"> Cumulative translation adjustments for unitization </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CumulativeTranslationAdjustmentsForUnitization_lbl" xml:lang="en-US" id="id_14489302_3553112_2_1"> Cumulative translation adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CumulativeTranslationAdjustmentsForUnitization" xlink:to="pbr_CumulativeTranslationAdjustmentsForUnitization_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_CurrencyAxis" xlink:label="srt_CurrencyAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_CurrencyAxis_lbl" xml:lang="en-US" id="id_14489302_3418104_1_1"> Currency [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_CurrencyAxis_lbl" xml:lang="en-US" id="id_14489302_3418104_2_1"> Currency [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CurrencyAxis" xlink:to="srt_CurrencyAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrencyRiskMember" xlink:label="ifrs-full_CurrencyRiskMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrencyRiskMember_lbl" xml:lang="en-US" id="id_14489302_3417893_1_1"> Currency risk [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrencyRiskMember_lbl" xml:lang="en-US" id="id_14489302_3417893_2_1"> Currency risk [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrencyRiskMember" xlink:to="ifrs-full_CurrencyRiskMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrencySwapContractMember" xlink:label="ifrs-full_CurrencySwapContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrencySwapContractMember_lbl" xml:lang="en-US" id="id_14489302_3417496_1_1"> Currency swap contract [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrencySwapContractMember_lbl" xml:lang="en-US" id="id_14489302_3417496_2_1"> Cross currency swap [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrencySwapContractMember" xlink:to="ifrs-full_CurrencySwapContractMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentAssets" xlink:label="ifrs-full_CurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3418106_1_1"> Current assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3418106_2_1"> Current assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3418106_6_1"> Current assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssets" xlink:to="ifrs-full_CurrentAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentAssetsAbstract" xlink:label="ifrs-full_CurrentAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3417498_1_1"> Current assets [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3417498_2_1"> Current assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssetsAbstract" xlink:to="ifrs-full_CurrentAssetsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CurrentAssetsOrCurrentLiabilitiesMember" xlink:label="pbr_CurrentAssetsOrCurrentLiabilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CurrentAssetsOrCurrentLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3481369_3_1"> Current assets or current liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CurrentAssetsOrCurrentLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3481369_1_1"> Current Assets or Current Liabilities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CurrentAssetsOrCurrentLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3481369_2_1"> Current [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CurrentAssetsOrCurrentLiabilitiesMember" xlink:to="pbr_CurrentAssetsOrCurrentLiabilitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:label="ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_lbl" xml:lang="en-US" id="id_14489302_3417499_1_1"> Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_lbl" xml:lang="en-US" id="id_14489302_3417499_6_1"> Current assets other than assets classified as held for sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="ifrs-full_CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:label="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_lbl" xml:lang="en-US" id="id_14489302_3417691_1_1"> Current borrowings and current portion of non-current borrowings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_lbl" xml:lang="en-US" id="id_14489302_3417691_2_1"> Finance debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_lbl" xml:lang="en-US" id="id_14489302_3417691_12_1"> Finance debt, current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings" xlink:to="ifrs-full_CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentContractLiabilities" xlink:label="ifrs-full_CurrentContractLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentContractLiabilities_lbl" xml:lang="en-US" id="id_14489302_3418108_1_1"> Current contract liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentContractLiabilities_lbl" xml:lang="en-US" id="id_14489302_3418108_2_1"> Contract liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentContractLiabilities" xlink:to="ifrs-full_CurrentContractLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentCrudeOil" xlink:label="ifrs-full_CurrentCrudeOil"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentCrudeOil_lbl" xml:lang="en-US" id="id_14489302_3417693_1_1"> Current crude oil </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentCrudeOil_lbl" xml:lang="en-US" id="id_14489302_3417693_2_1"> Crude oil </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentCrudeOil" xlink:to="ifrs-full_CurrentCrudeOil_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CurrentDeferrediCmsVatMember" xlink:label="pbr_CurrentDeferrediCmsVatMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CurrentDeferrediCmsVatMember_lbl" xml:lang="en-US" id="id_14489302_3486685_3_1"> Current deferredI CMS VAT. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CurrentDeferrediCmsVatMember_lbl" xml:lang="en-US" id="id_14489302_3486685_1_1"> Current DeferredI CMS VAT[member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CurrentDeferrediCmsVatMember_lbl" xml:lang="en-US" id="id_14489302_3486685_2_1"> Current / Deferred ICMS (VAT) [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CurrentDeferrediCmsVatMember" xlink:to="pbr_CurrentDeferrediCmsVatMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CurrentDeferredPisAndCofinsMember" xlink:label="pbr_CurrentDeferredPisAndCofinsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CurrentDeferredPisAndCofinsMember_lbl" xml:lang="en-US" id="id_14489302_3486679_3_1"> Current deferred PIS and COFINS. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CurrentDeferredPisAndCofinsMember_lbl" xml:lang="en-US" id="id_14489302_3486679_1_1"> Current Deferred PIS and COFINS [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CurrentDeferredPisAndCofinsMember_lbl" xml:lang="en-US" id="id_14489302_3486679_2_1"> Current / Deferred PIS and COFINS [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CurrentDeferredPisAndCofinsMember" xlink:to="pbr_CurrentDeferredPisAndCofinsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentFinanceLeaseLiabilities" xlink:label="ifrs-full_CurrentFinanceLeaseLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentFinanceLeaseLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417900_1_1"> Current finance lease liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentFinanceLeaseLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417900_2_1"> Finance lease obligations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentFinanceLeaseLiabilities" xlink:to="ifrs-full_CurrentFinanceLeaseLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="ifrs-full_CurrentFinancialAssetsAtFairValueThroughProfitOrLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3417505_1_1"> Current financial assets at fair value through profit or loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3417505_2_1"> Measured at fair value through profit and loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_CurrentFinancialAssetsAtFairValueThroughProfitOrLoss_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US" id="id_14489302_3417510_1_1"> Current Fiscal Year End Date </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US" id="id_14489302_3417510_2_1"> Current Fiscal Year End Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentLiabilities" xlink:label="ifrs-full_CurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417514_1_1"> Current liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417514_2_1"> Current liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417514_6_1"> Current liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilities" xlink:to="ifrs-full_CurrentLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentLiabilitiesAbstract" xlink:label="ifrs-full_CurrentLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3417909_1_1"> Current liabilities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3417909_2_1"> Current liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilitiesAbstract" xlink:to="ifrs-full_CurrentLiabilitiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:label="ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3418116_1_1"> Current liabilities other than liabilities included in disposal groups classified as held for sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3418116_6_1"> Current liabilities other than Liabilities on assets classified as held for sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="ifrs-full_CurrentLiabilitiesOtherThanLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentMember" xlink:label="ifrs-full_CurrentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentMember_lbl" xml:lang="en-US" id="id_14489302_3417515_1_1"> Current [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentMember_lbl" xml:lang="en-US" id="id_14489302_3417515_2_1"> Current [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentMember" xlink:to="ifrs-full_CurrentMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentNaturalGas" xlink:label="ifrs-full_CurrentNaturalGas"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3417710_1_1"> Current natural gas </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3417710_2_1"> Natural gas and LNG(Liquid Natural GAS) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentNaturalGas" xlink:to="ifrs-full_CurrentNaturalGas_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:label="ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_lbl" xml:lang="en-US" id="id_14489302_3418120_1_1"> Current payables on social security and taxes other than income tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_lbl" xml:lang="en-US" id="id_14489302_3418120_2_1"> Other taxes payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:to="ifrs-full_CurrentPayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentPetroleumAndPetrochemicalProducts" xlink:label="ifrs-full_CurrentPetroleumAndPetrochemicalProducts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentPetroleumAndPetrochemicalProducts_lbl" xml:lang="en-US" id="id_14489302_3417518_1_1"> Current petroleum and petrochemical products </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentPetroleumAndPetrochemicalProducts_lbl" xml:lang="en-US" id="id_14489302_3417518_2_1"> Oil products </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentPetroleumAndPetrochemicalProducts" xlink:to="ifrs-full_CurrentPetroleumAndPetrochemicalProducts_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentProvisionsForEmployeeBenefits" xlink:label="ifrs-full_CurrentProvisionsForEmployeeBenefits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentProvisionsForEmployeeBenefits_lbl" xml:lang="en-US" id="id_14489302_3417912_1_1"> Current provisions for employee benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentProvisionsForEmployeeBenefits_lbl" xml:lang="en-US" id="id_14489302_3417912_2_1"> Pension and medical benefits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentProvisionsForEmployeeBenefits" xlink:to="ifrs-full_CurrentProvisionsForEmployeeBenefits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentRawMaterialsAndCurrentProductionSupplies" xlink:label="ifrs-full_CurrentRawMaterialsAndCurrentProductionSupplies"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentRawMaterialsAndCurrentProductionSupplies_lbl" xml:lang="en-US" id="id_14489302_3417715_1_1"> Current raw materials and current production supplies </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentRawMaterialsAndCurrentProductionSupplies_lbl" xml:lang="en-US" id="id_14489302_3417715_2_1"> Materials, supplies and others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentRawMaterialsAndCurrentProductionSupplies" xlink:to="ifrs-full_CurrentRawMaterialsAndCurrentProductionSupplies_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:label="ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan_lbl" xml:lang="en-US" id="id_14489302_3417913_1_1"> Current net defined benefit liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan_lbl" xml:lang="en-US" id="id_14489302_3417913_2_1"> Current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:to="ifrs-full_CurrentRecognisedLiabilitiesDefinedBenefitPlan_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CurrentServiceCostForDefinedBenefitsPlan" xlink:label="pbr_CurrentServiceCostForDefinedBenefitsPlan"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CurrentServiceCostForDefinedBenefitsPlan_lbl" xml:lang="en-US" id="id_14489302_3460204_3_1"> Current service cost for defined benefits plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CurrentServiceCostForDefinedBenefitsPlan_lbl" xml:lang="en-US" id="id_14489302_3460204_1_1"> Current Service Cost For Defined Benefits Plan </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CurrentServiceCostForDefinedBenefitsPlan_lbl" xml:lang="en-US" id="id_14489302_3460204_2_1"> Current service cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CurrentServiceCostForDefinedBenefitsPlan" xlink:to="pbr_CurrentServiceCostForDefinedBenefitsPlan_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3417527_1_1"> Current service cost, net defined benefit liability (asset) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3417527_2_1"> Current service cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3417527_12_1"> Service cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CurrentStatusMember" xlink:label="pbr_CurrentStatusMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CurrentStatusMember_lbl" xml:lang="en-US" id="id_14489302_3495292_3_1"> Current Status [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CurrentStatusMember_lbl" xml:lang="en-US" id="id_14489302_3495292_1_1"> Current Status [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CurrentStatusMember_lbl" xml:lang="en-US" id="id_14489302_3495292_2_1"> Current Status [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CurrentStatusMember" xlink:to="pbr_CurrentStatusMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentTaxAssetsCurrent" xlink:label="ifrs-full_CurrentTaxAssetsCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxAssetsCurrent_lbl" xml:lang="en-US" id="id_14489302_3417528_1_1"> Current tax assets, current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentTaxAssetsCurrent_lbl" xml:lang="en-US" id="id_14489302_3417528_2_1"> Current assets taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxAssetsCurrent" xlink:to="ifrs-full_CurrentTaxAssetsCurrent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentTaxExpenseIncome" xlink:label="ifrs-full_CurrentTaxExpenseIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxExpenseIncome_lbl" xml:lang="en-US" id="id_14489302_3417916_1_1"> Current tax expense (income) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CurrentTaxExpenseIncome_lbl" xml:lang="en-US" id="id_14489302_3417916_14_1"> Current income taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxExpenseIncome" xlink:to="ifrs-full_CurrentTaxExpenseIncome_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentTaxLiabilities" xlink:label="ifrs-full_CurrentTaxLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417918_1_1"> Current tax liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_CurrentTaxLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417918_4_1"> Tax Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_CurrentTaxLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417918_5_1"> Tax Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentTaxLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417918_2_1"> Tax Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentTaxLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417918_12_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxLiabilities" xlink:to="ifrs-full_CurrentTaxLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent_lbl" xml:lang="en-US" id="id_14489302_3417529_1_1"> Current tax liabilities, current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent_lbl" xml:lang="en-US" id="id_14489302_3417529_32_1"> Income taxes payable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent_lbl" xml:lang="en-US" id="id_14489302_3417529_2_1"> Current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentTaxLiabilitiesCurrent_lbl" xml:lang="en-US" id="id_14489302_3417529_12_1"> Current liabilities taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxLiabilitiesCurrent" xlink:to="ifrs-full_CurrentTaxLiabilitiesCurrent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_CurrentTaxLiabilitiesNoncurrent" xlink:label="ifrs-full_CurrentTaxLiabilitiesNoncurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxLiabilitiesNoncurrent_lbl" xml:lang="en-US" id="id_14489302_3418130_1_1"> Current tax liabilities, non-current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_CurrentTaxLiabilitiesNoncurrent_lbl" xml:lang="en-US" id="id_14489302_3418130_32_1"> Non-current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentTaxLiabilitiesNoncurrent_lbl" xml:lang="en-US" id="id_14489302_3418130_2_1"> Current tax liabilities noncurrent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentTaxLiabilitiesNoncurrent_lbl" xml:lang="en-US" id="id_14489302_3418130_12_1"> Income taxes payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxLiabilitiesNoncurrent" xlink:to="ifrs-full_CurrentTaxLiabilitiesNoncurrent_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_CvitGroupMember" xlink:label="pbr_CvitGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_CvitGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510342_3_1"> Cvit group. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_CvitGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510342_1_1"> Cvit group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_CvitGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510342_2_1"> Cvit group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_CvitGroupMember" xlink:to="pbr_CvitGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_Daa2014Member" xlink:label="pbr_Daa2014Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_Daa2014Member_lbl" xml:lang="en-US" id="id_14489302_3495648_3_1"> DAA 2014 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_Daa2014Member_lbl" xml:lang="en-US" id="id_14489302_3495648_1_1"> DAA 2014 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_Daa2014Member_lbl" xml:lang="en-US" id="id_14489302_3495648_2_1"> DAA 2014 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_Daa2014Member" xlink:to="pbr_Daa2014Member_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_Daa2018Member" xlink:label="pbr_Daa2018Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_Daa2018Member_lbl" xml:lang="en-US" id="id_14489302_3495647_3_1"> DAA 2018 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_Daa2018Member_lbl" xml:lang="en-US" id="id_14489302_3495647_1_1"> DAA 2018 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_Daa2018Member_lbl" xml:lang="en-US" id="id_14489302_3495647_2_1"> DAA 2018 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_Daa2018Member" xlink:to="pbr_Daa2018Member_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DateOfApprovalByBoardOfDirectors" xlink:label="pbr_DateOfApprovalByBoardOfDirectors"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DateOfApprovalByBoardOfDirectors_lbl" xml:lang="en-US" id="id_14489302_3470929_3_1"> Date of approval by Board of Directors. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DateOfApprovalByBoardOfDirectors_lbl" xml:lang="en-US" id="id_14489302_3470929_1_1"> Date of approval by Board of Directors </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DateOfApprovalByBoardOfDirectors_lbl" xml:lang="en-US" id="id_14489302_3470929_2_1"> Date of approval by the Board of Directors </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DateOfApprovalByBoardOfDirectors" xlink:to="pbr_DateOfApprovalByBoardOfDirectors_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DateOfPayment" xlink:label="pbr_DateOfPayment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DateOfPayment_lbl" xml:lang="en-US" id="id_14489302_3470931_3_1"> Date of Payment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DateOfPayment_lbl" xml:lang="en-US" id="id_14489302_3470931_1_1"> Date of Payment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DateOfPayment_lbl" xml:lang="en-US" id="id_14489302_3470931_2_1"> Date of Payment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DateOfPayment" xlink:to="pbr_DateOfPayment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DebenturesMember" xlink:label="pbr_DebenturesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DebenturesMember_lbl" xml:lang="en-US" id="id_14489302_3499807_3_1"> This member stands for debentures. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DebenturesMember_lbl" xml:lang="en-US" id="id_14489302_3499807_1_1"> Debentures [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DebenturesMember_lbl" xml:lang="en-US" id="id_14489302_3499807_2_1"> Debentures [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DebenturesMember" xlink:to="pbr_DebenturesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DebenturesOfFirstSeriesMember" xlink:label="pbr_DebenturesOfFirstSeriesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DebenturesOfFirstSeriesMember_lbl" xml:lang="en-US" id="id_14489302_3553225_3_1"> Debentures of first series. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DebenturesOfFirstSeriesMember_lbl" xml:lang="en-US" id="id_14489302_3553225_1_1"> Debentures of first series [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DebenturesOfFirstSeriesMember_lbl" xml:lang="en-US" id="id_14489302_3553225_2_1"> Debentures of first series [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DebenturesOfFirstSeriesMember" xlink:to="pbr_DebenturesOfFirstSeriesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DebenturesOfSecondSeriesMember" xlink:label="pbr_DebenturesOfSecondSeriesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DebenturesOfSecondSeriesMember_lbl" xml:lang="en-US" id="id_14489302_3553226_3_1"> Debentures of second series. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DebenturesOfSecondSeriesMember_lbl" xml:lang="en-US" id="id_14489302_3553226_1_1"> Debentures of second series [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DebenturesOfSecondSeriesMember_lbl" xml:lang="en-US" id="id_14489302_3553226_2_1"> Debentures of second series [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DebenturesOfSecondSeriesMember" xlink:to="pbr_DebenturesOfSecondSeriesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DebenturesOfThirdSeriesMember" xlink:label="pbr_DebenturesOfThirdSeriesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DebenturesOfThirdSeriesMember_lbl" xml:lang="en-US" id="id_14489302_3553228_3_1"> Debentures of third series. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DebenturesOfThirdSeriesMember_lbl" xml:lang="en-US" id="id_14489302_3553228_1_1"> Debentures of third series [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DebenturesOfThirdSeriesMember_lbl" xml:lang="en-US" id="id_14489302_3553228_2_1"> Debentures of third series [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DebenturesOfThirdSeriesMember" xlink:to="pbr_DebenturesOfThirdSeriesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DebtAssumption" xlink:label="pbr_DebtAssumption"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DebtAssumption_lbl" xml:lang="en-US" id="id_14489302_3456448_3_1"> Debt assumption. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DebtAssumption_lbl" xml:lang="en-US" id="id_14489302_3456448_1_1"> Debt assumption </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DebtAssumption_lbl" xml:lang="en-US" id="id_14489302_3456448_2_1"> Debt assumption </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DebtAssumption" xlink:to="pbr_DebtAssumption_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DebtInstrument1Axis" xlink:label="pbr_DebtInstrument1Axis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DebtInstrument1Axis_lbl" xml:lang="en-US" id="id_14489302_3475714_3_1"> Debt instrument 1. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DebtInstrument1Axis_lbl" xml:lang="en-US" id="id_14489302_3475714_1_1"> Debt Instrument 1 [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DebtInstrument1Axis_lbl" xml:lang="en-US" id="id_14489302_3475714_2_1"> Debt Instrument 1 [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DebtInstrument1Axis" xlink:to="pbr_DebtInstrument1Axis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DebtInstrumentDomain" xlink:label="pbr_DebtInstrumentDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DebtInstrumentDomain_lbl" xml:lang="en-US" id="id_14489302_3506257_3_1"> Debt Instrument [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DebtInstrumentDomain_lbl" xml:lang="en-US" id="id_14489302_3506257_1_1"> Debt Instrument [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DebtInstrumentDomain_lbl" xml:lang="en-US" id="id_14489302_3506257_2_1"> Debt Instrument [domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DebtInstrumentDomain" xlink:to="pbr_DebtInstrumentDomain_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DebtRestructuringExpensesMember" xlink:label="pbr_DebtRestructuringExpensesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DebtRestructuringExpensesMember_lbl" xml:lang="en-US" id="id_14489302_3510397_3_1"> Debt restructuring expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DebtRestructuringExpensesMember_lbl" xml:lang="en-US" id="id_14489302_3510397_1_1"> Debt Restructuring Expenses [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DebtRestructuringExpensesMember_lbl" xml:lang="en-US" id="id_14489302_3510397_2_1"> Expenses with debt restructuring [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DebtRestructuringExpensesMember" xlink:to="pbr_DebtRestructuringExpensesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DecommissioningOfCraneAndLaunchFerry" xlink:label="pbr_DecommissioningOfCraneAndLaunchFerry"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DecommissioningOfCraneAndLaunchFerry_lbl" xml:lang="en-US" id="id_14489302_3461241_3_1"> Decommissioning of crane and launch ferry </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DecommissioningOfCraneAndLaunchFerry_lbl" xml:lang="en-US" id="id_14489302_3461241_1_1"> Decommissioning of crane and launch ferry </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DecommissioningOfCraneAndLaunchFerry_lbl" xml:lang="en-US" id="id_14489302_3461241_2_1"> Decommissioning of crane and launch ferry </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DecommissioningOfCraneAndLaunchFerry" xlink:to="pbr_DecommissioningOfCraneAndLaunchFerry_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DecreaseInBasisPointsMember" xlink:label="pbr_DecreaseInBasisPointsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DecreaseInBasisPointsMember_lbl" xml:lang="en-US" id="id_14489302_3507630_3_1"> Decrease in basis points. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DecreaseInBasisPointsMember_lbl" xml:lang="en-US" id="id_14489302_3507630_1_1"> Decrease In Basis Points [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DecreaseInBasisPointsMember_lbl" xml:lang="en-US" id="id_14489302_3507630_2_1"> Decrease In Basis Points [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DecreaseInBasisPointsMember" xlink:to="pbr_DecreaseInBasisPointsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DecreaseInProvedReservesDueToSaleOfMinerals" xlink:label="pbr_DecreaseInProvedReservesDueToSaleOfMinerals"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DecreaseInProvedReservesDueToSaleOfMinerals_lbl" xml:lang="en-US" id="id_14489302_3528817_3_1"> Decrease in proved reserves due to sale of minerals </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DecreaseInProvedReservesDueToSaleOfMinerals_lbl" xml:lang="en-US" id="id_14489302_3528817_1_1"> Decrease In Proved Reserves Due To Sale Of Minerals </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DecreaseInProvedReservesDueToSaleOfMinerals_lbl" xml:lang="en-US" id="id_14489302_3528817_2_1"> Decrease in proved reserves due to sale of minerals in situ Increase in proved reserves due to purchase of minerals in situ Net effect of decrease in our proved reserves Increased proved reserves excluding production Number of oil barrels produced Net increase decrease in proved reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DecreaseInProvedReservesDueToSaleOfMinerals" xlink:to="pbr_DecreaseInProvedReservesDueToSaleOfMinerals_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DecreaseInRestructuringCapitalAndOtherInvestmentProperty" xlink:label="pbr_DecreaseInRestructuringCapitalAndOtherInvestmentProperty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DecreaseInRestructuringCapitalAndOtherInvestmentProperty_lbl" xml:lang="en-US" id="id_14489302_3450492_3_1"> Decrease in restructuring capital and other investment property. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DecreaseInRestructuringCapitalAndOtherInvestmentProperty_lbl" xml:lang="en-US" id="id_14489302_3450492_1_1"> Decrease in restructuring capital and other investment property </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DecreaseInRestructuringCapitalAndOtherInvestmentProperty_lbl" xml:lang="en-US" id="id_14489302_3450492_2_1"> Restructuring, capital decrease and others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DecreaseInRestructuringCapitalAndOtherInvestmentProperty" xlink:to="pbr_DecreaseInRestructuringCapitalAndOtherInvestmentProperty_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty_lbl" xml:lang="en-US" id="id_14489302_3417549_1_1"> Decrease through classified as held for sale, investment property </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty_lbl" xml:lang="en-US" id="id_14489302_3417549_14_1"> Decrease through classified as held for sale, investment property </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" xlink:to="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DeferredIncomeExpense" xlink:label="pbr_DeferredIncomeExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DeferredIncomeExpense_lbl" xml:lang="en-US" id="id_14489302_3433226_3_1"> Deferred income (expense). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DeferredIncomeExpense_lbl" xml:lang="en-US" id="id_14489302_3433226_1_1"> Deferred Income (expense) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_DeferredIncomeExpense_lbl" xml:lang="en-US" id="id_14489302_3433226_14_1"> Deferred income taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DeferredIncomeExpense" xlink:to="pbr_DeferredIncomeExpense_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DeferredIncomeTaxes" xlink:label="pbr_DeferredIncomeTaxes"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DeferredIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3436049_3_1"> Deferred income taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DeferredIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3436049_1_1"> Deferred income taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="pbr_DeferredIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3436049_4_1"> Ending balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="pbr_DeferredIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3436049_5_1"> Beginning balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DeferredIncomeTaxes" xlink:to="pbr_DeferredIncomeTaxes_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DeferredIncomeTaxesMember" xlink:label="pbr_DeferredIncomeTaxesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DeferredIncomeTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3483191_3_1"> Deferred income taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DeferredIncomeTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3483191_1_1"> Deferred Income Taxes [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DeferredIncomeTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3483191_2_1"> Deferred Income Taxes [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DeferredIncomeTaxesMember" xlink:to="pbr_DeferredIncomeTaxesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DeferredPaymentsToAcquireInterestInJointVenture" xlink:label="pbr_DeferredPaymentsToAcquireInterestInJointVenture"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DeferredPaymentsToAcquireInterestInJointVenture_lbl" xml:lang="en-US" id="id_14489302_3553313_3_1"> Deferred payments to acquire interest in joint venture. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DeferredPaymentsToAcquireInterestInJointVenture_lbl" xml:lang="en-US" id="id_14489302_3553313_1_1"> Deferred payments to acquire interest in joint venture </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DeferredPaymentsToAcquireInterestInJointVenture_lbl" xml:lang="en-US" id="id_14489302_3553313_2_1"> Deferred payment in joint venture </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DeferredPaymentsToAcquireInterestInJointVenture" xlink:to="pbr_DeferredPaymentsToAcquireInterestInJointVenture_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DeferredTaxAssets" xlink:label="ifrs-full_DeferredTaxAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxAssets_lbl" xml:lang="en-US" id="id_14489302_3417555_1_1"> Deferred tax assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxAssets_lbl" xml:lang="en-US" id="id_14489302_3417555_2_1"> Deferred income taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DeferredTaxAssets_lbl" xml:lang="en-US" id="id_14489302_3417555_12_1"> Deferred tax assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxAssets" xlink:to="ifrs-full_DeferredTaxAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="ifrs-full_DeferredTaxLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417558_1_1"> Deferred tax liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417558_2_1"> Deferred income taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_14489302_3417558_14_1"> Deferred tax liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxLiabilities" xlink:to="ifrs-full_DeferredTaxLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DeferredTaxLiabilitiesCreditsNet" xlink:label="pbr_DeferredTaxLiabilitiesCreditsNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DeferredTaxLiabilitiesCreditsNet_lbl" xml:lang="en-US" id="id_14489302_3438569_3_1"> Deferred tax liabilities credits net. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DeferredTaxLiabilitiesCreditsNet_lbl" xml:lang="en-US" id="id_14489302_3438569_1_1"> Deferred tax liabilities credits net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_DeferredTaxLiabilitiesCreditsNet_lbl" xml:lang="en-US" id="id_14489302_3438569_6_1"> Total Deferred Tax Liabilities Credits Net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DeferredTaxLiabilitiesCreditsNet" xlink:to="pbr_DeferredTaxLiabilitiesCreditsNet_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DeficitSettlementPlanPetrosPlanMember" xlink:label="pbr_DeficitSettlementPlanPetrosPlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DeficitSettlementPlanPetrosPlanMember_lbl" xml:lang="en-US" id="id_14489302_3510367_3_1"> Deficit settlement plan petros plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DeficitSettlementPlanPetrosPlanMember_lbl" xml:lang="en-US" id="id_14489302_3510367_1_1"> Deficit settlement plan petros plan [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DeficitSettlementPlanPetrosPlanMember_lbl" xml:lang="en-US" id="id_14489302_3510367_2_1"> Deficit settlement plan petros plan [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DeficitSettlementPlanPetrosPlanMember" xlink:to="pbr_DeficitSettlementPlanPetrosPlanMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DefinedBenefitContributionPaid" xlink:label="pbr_DefinedBenefitContributionPaid"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DefinedBenefitContributionPaid_lbl" xml:lang="en-US" id="id_14489302_3441663_3_1"> Defined benefit contribution paid. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DefinedBenefitContributionPaid_lbl" xml:lang="en-US" id="id_14489302_3441663_1_1"> Defined benefit contribution paid </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DefinedBenefitContributionPaid_lbl" xml:lang="en-US" id="id_14489302_3441663_2_1"> Defined contribution pension plans paid </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DefinedBenefitContributionPaid" xlink:to="pbr_DefinedBenefitContributionPaid_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DefinedBenefitPlansAxis" xlink:label="ifrs-full_DefinedBenefitPlansAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DefinedBenefitPlansAxis_lbl" xml:lang="en-US" id="id_14489302_3417563_1_1"> Defined benefit plans [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DefinedBenefitPlansAxis_lbl" xml:lang="en-US" id="id_14489302_3417563_2_1"> Defined benefit plans [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DefinedBenefitPlansAxis" xlink:to="ifrs-full_DefinedBenefitPlansAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DefinedBenefitPlansMember" xlink:label="ifrs-full_DefinedBenefitPlansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DefinedBenefitPlansMember_lbl" xml:lang="en-US" id="id_14489302_3417940_1_1"> Defined benefit plans [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DefinedBenefitPlansMember_lbl" xml:lang="en-US" id="id_14489302_3417940_2_1"> Defined benefit plans [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DefinedBenefitPlansMember" xlink:to="ifrs-full_DefinedBenefitPlansMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DefinedContributionPensionPlansMember" xlink:label="pbr_DefinedContributionPensionPlansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DefinedContributionPensionPlansMember_lbl" xml:lang="en-US" id="id_14489302_3480216_3_1"> Defined contribution pension plans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DefinedContributionPensionPlansMember_lbl" xml:lang="en-US" id="id_14489302_3480216_1_1"> Defined contribution pension plans [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DefinedContributionPensionPlansMember_lbl" xml:lang="en-US" id="id_14489302_3480216_2_1"> Defined contribution pension plans [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DefinedContributionPensionPlansMember" xlink:to="pbr_DefinedContributionPensionPlansMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DepartmentOfJusticeInquiriesMember" xlink:label="pbr_DepartmentOfJusticeInquiriesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DepartmentOfJusticeInquiriesMember_lbl" xml:lang="en-US" id="id_14489302_3540980_3_1"> Department of justice inquiries. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DepartmentOfJusticeInquiriesMember_lbl" xml:lang="en-US" id="id_14489302_3540980_1_1"> Department of Justice inquiries [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DepartmentOfJusticeInquiriesMember_lbl" xml:lang="en-US" id="id_14489302_3540980_2_1"> Department of justice inquiries [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DepartmentOfJusticeInquiriesMember" xlink:to="pbr_DepartmentOfJusticeInquiriesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DepositsLinkedToFinancingMember" xlink:label="pbr_DepositsLinkedToFinancingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DepositsLinkedToFinancingMember_lbl" xml:lang="en-US" id="id_14489302_3495966_3_1"> Deposits linked to financing. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DepositsLinkedToFinancingMember_lbl" xml:lang="en-US" id="id_14489302_3495966_1_1"> Deposits linked to financing [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DepositsLinkedToFinancingMember_lbl" xml:lang="en-US" id="id_14489302_3495966_2_1"> Deposits linked to financing [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DepositsLinkedToFinancingMember" xlink:to="pbr_DepositsLinkedToFinancingMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DepreciationAmortizationAndDepletionOfPropertyPlantAndEquipment" xlink:label="pbr_DepreciationAmortizationAndDepletionOfPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DepreciationAmortizationAndDepletionOfPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3450490_3_1"> Depreciation amortization and depletion of property plant and equipment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DepreciationAmortizationAndDepletionOfPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3450490_1_1"> Depreciation Amortization And Depletion Of Property Plant And Equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DepreciationAmortizationAndDepletionOfPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3450490_2_1"> Depreciation, amortization and depletion </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DepreciationAmortizationAndDepletionOfPropertyPlantAndEquipment" xlink:to="pbr_DepreciationAmortizationAndDepletionOfPropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DepreciationAndAmortisationExpense" xlink:label="ifrs-full_DepreciationAndAmortisationExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepreciationAndAmortisationExpense_lbl" xml:lang="en-US" id="id_14489302_3417764_1_1"> Depreciation and amortisation expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DepreciationAndAmortisationExpense_lbl" xml:lang="en-US" id="id_14489302_3417764_14_1"> Depreciation, depletion and amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationAndAmortisationExpense" xlink:to="ifrs-full_DepreciationAndAmortisationExpense_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DepreciationOfCurrencyEuroMember" xlink:label="pbr_DepreciationOfCurrencyEuroMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DepreciationOfCurrencyEuroMember_lbl" xml:lang="en-US" id="id_14489302_3530054_3_1"> Depreciation Of Currency Euro [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DepreciationOfCurrencyEuroMember_lbl" xml:lang="en-US" id="id_14489302_3530054_1_1"> Depreciation Of Currency Euro [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DepreciationOfCurrencyEuroMember_lbl" xml:lang="en-US" id="id_14489302_3530054_2_1"> Depreciation of currency euro [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DepreciationOfCurrencyEuroMember" xlink:to="pbr_DepreciationOfCurrencyEuroMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DerecognitionOfReceivables" xlink:label="pbr_DerecognitionOfReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DerecognitionOfReceivables_lbl" xml:lang="en-US" id="id_14489302_3448383_3_1"> Derecognition of receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DerecognitionOfReceivables_lbl" xml:lang="en-US" id="id_14489302_3448383_1_1"> Derecognition of receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DerecognitionOfReceivables_lbl" xml:lang="en-US" id="id_14489302_3448383_2_1"> Derecognition of receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DerecognitionOfReceivables" xlink:to="pbr_DerecognitionOfReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DerecognitionOfReceivablesFromExpectedCreditLoss" xlink:label="pbr_DerecognitionOfReceivablesFromExpectedCreditLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DerecognitionOfReceivablesFromExpectedCreditLoss_lbl" xml:lang="en-US" id="id_14489302_3448400_3_1"> Derecognition of receivables from expected credit loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DerecognitionOfReceivablesFromExpectedCreditLoss_lbl" xml:lang="en-US" id="id_14489302_3448400_1_1"> Derecognition of receivables from expected credit loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DerecognitionOfReceivablesFromExpectedCreditLoss_lbl" xml:lang="en-US" id="id_14489302_3448400_2_1"> Derecognition of receivables - ECL </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DerecognitionOfReceivablesFromExpectedCreditLoss" xlink:to="pbr_DerecognitionOfReceivablesFromExpectedCreditLoss_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DerivativeInstrumentMaturityPeriod" xlink:label="pbr_DerivativeInstrumentMaturityPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DerivativeInstrumentMaturityPeriod_lbl" xml:lang="en-US" id="id_14489302_3469967_3_1"> Derivative instrument maturity period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DerivativeInstrumentMaturityPeriod_lbl" xml:lang="en-US" id="id_14489302_3469967_1_1"> Derivative instrument maturity period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DerivativeInstrumentMaturityPeriod_lbl" xml:lang="en-US" id="id_14489302_3469967_2_1"> Cross currency swap maturity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DerivativeInstrumentMaturityPeriod" xlink:to="pbr_DerivativeInstrumentMaturityPeriod_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DerivativeLiabilitiesMember" xlink:label="pbr_DerivativeLiabilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DerivativeLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3479989_3_1"> Derivative liabilities for financial liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DerivativeLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3479989_1_1"> Derivative liabilities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DerivativeLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3479989_2_1"> Derivative liabilities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DerivativeLiabilitiesMember" xlink:to="pbr_DerivativeLiabilitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DerivativeMaturityDate" xlink:label="pbr_DerivativeMaturityDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DerivativeMaturityDate_lbl" xml:lang="en-US" id="id_14489302_3469930_3_1"> Derivative maturity date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DerivativeMaturityDate_lbl" xml:lang="en-US" id="id_14489302_3469930_1_1"> Derivative maturity date </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DerivativeMaturityDate_lbl" xml:lang="en-US" id="id_14489302_3469930_2_1"> Maturity Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DerivativeMaturityDate" xlink:to="pbr_DerivativeMaturityDate_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="invest_DerivativeNotionalAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_DerivativeNotionalAmount_lbl" xml:lang="en-US" id="id_14489302_3417771_1_1"> Derivative, Notional Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="invest_DerivativeNotionalAmount_lbl" xml:lang="en-US" id="id_14489302_3417771_2_1"> Notional value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_DerivativeNotionalAmount" xlink:to="invest_DerivativeNotionalAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DerivativesAssetsMember" xlink:label="pbr_DerivativesAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DerivativesAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3476228_3_1"> Derivatives assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DerivativesAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3476228_1_1"> Derivatives Assets [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DerivativesAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3476228_2_1"> Derivatives assets [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DerivativesAssetsMember" xlink:to="pbr_DerivativesAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DerivativesMember" xlink:label="ifrs-full_DerivativesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativesMember_lbl" xml:lang="en-US" id="id_14489302_3417773_1_1"> Derivatives [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DerivativesMember_lbl" xml:lang="en-US" id="id_14489302_3417773_2_1"> Derivatives [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativesMember" xlink:to="ifrs-full_DerivativesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DerivativesNotDesignatedForHedgeAccountingMember" xlink:label="pbr_DerivativesNotDesignatedForHedgeAccountingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DerivativesNotDesignatedForHedgeAccountingMember_lbl" xml:lang="en-US" id="id_14489302_3487776_3_1"> Derivatives not designated for hedge accounting. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DerivativesNotDesignatedForHedgeAccountingMember_lbl" xml:lang="en-US" id="id_14489302_3487776_1_1"> Derivatives Not Designated For Hedge Accounting [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DerivativesNotDesignatedForHedgeAccountingMember_lbl" xml:lang="en-US" id="id_14489302_3487776_2_1"> Derivatives not designated for hedge accounting [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DerivativesNotDesignatedForHedgeAccountingMember" xlink:to="pbr_DerivativesNotDesignatedForHedgeAccountingMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory_lbl" xml:lang="en-US" id="id_14489302_3417778_1_1"> Description of accounting policy for business combinations and goodwill [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory_lbl" xml:lang="en-US" id="id_14489302_3417778_2_1"> Business combinations and goodwill </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3417950_1_1"> Description of accounting policy for contingent liabilities and contingent assets [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3417950_2_1"> Provisions, contingent assets and contingent liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418176_1_1"> Description of accounting policy for decommissioning, restoration and rehabilitation provisions [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418176_2_1"> Decommissioning costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418181_1_1"> Description of accounting policy for employee benefits [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418181_2_1"> Employee benefits (Post-Employment) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures_lbl" xml:lang="en-US" id="id_14489302_3417952_1_1"> Description of accounting policy for exploration and evaluation expenditures [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures_lbl" xml:lang="en-US" id="id_14489302_3417952_2_1"> Oil and Gas exploration and development expenditures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3417583_1_1"> Description of accounting policy for financial instruments [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3417583_2_1"> Financial Instruments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants_lbl" xml:lang="en-US" id="id_14489302_3417957_1_1"> Description of accounting policy for government grants [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants_lbl" xml:lang="en-US" id="id_14489302_3417957_2_1"> Government grants </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForHedgingExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForHedgingExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForHedgingExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418186_1_1"> Description of accounting policy for hedging [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForHedgingExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418186_2_1"> Cash flow hedge accounting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForHedgingExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForHedgingExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfAccountingPolicyForIfricTwentyThreeUncertaintyOverIncomeTaxTreatmentsExplanatory" xlink:label="pbr_DescriptionOfAccountingPolicyForIfricTwentyThreeUncertaintyOverIncomeTaxTreatmentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfAccountingPolicyForIfricTwentyThreeUncertaintyOverIncomeTaxTreatmentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553138_3_1"> Description of accounting policy for IFRIC twenty three uncertainty over income tax treatments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfAccountingPolicyForIfricTwentyThreeUncertaintyOverIncomeTaxTreatmentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553138_1_1"> Description Of Accounting Policy For IFRIC Twenty Three Uncertainty Over Income Tax Treatments [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfAccountingPolicyForIfricTwentyThreeUncertaintyOverIncomeTaxTreatmentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553138_2_1"> IFRIC 23 - Uncertainty over Income Tax Treatments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfAccountingPolicyForIfricTwentyThreeUncertaintyOverIncomeTaxTreatmentsExplanatory" xlink:to="pbr_DescriptionOfAccountingPolicyForIfricTwentyThreeUncertaintyOverIncomeTaxTreatmentsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfAccountingPolicyForImpairmentOfAssociatesAndJointVenturesEquityAccountedInvestmentsExplanatory" xlink:label="pbr_DescriptionOfAccountingPolicyForImpairmentOfAssociatesAndJointVenturesEquityAccountedInvestmentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfAccountingPolicyForImpairmentOfAssociatesAndJointVenturesEquityAccountedInvestmentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514771_3_1"> The description of the entity's accounting policy for impairment of associates and joint ventures (equity-accounted investments). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfAccountingPolicyForImpairmentOfAssociatesAndJointVenturesEquityAccountedInvestmentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514771_1_1"> Description of Accounting Policy for Impairment of Associates and Joint Ventures (Equity Accounted Investments) Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfAccountingPolicyForImpairmentOfAssociatesAndJointVenturesEquityAccountedInvestmentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514771_2_1"> Impairment of associates and joint ventures (equity-accounted investments) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfAccountingPolicyForImpairmentOfAssociatesAndJointVenturesEquityAccountedInvestmentsExplanatory" xlink:to="pbr_DescriptionOfAccountingPolicyForImpairmentOfAssociatesAndJointVenturesEquityAccountedInvestmentsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfAccountingPolicyForImpairmentOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory" xlink:label="pbr_DescriptionOfAccountingPolicyForImpairmentOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfAccountingPolicyForImpairmentOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3518833_3_1"> The description of the entity's accounting policy for impairment of property, plant and equipment and intangible assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfAccountingPolicyForImpairmentOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3518833_1_1"> Description Of Accounting Policy For Impairment Of Property Plant And Equipment And Intangible Assets Explanatory [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfAccountingPolicyForImpairmentOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3518833_2_1"> Impairment of property, plant and equipment and intangible assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfAccountingPolicyForImpairmentOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory" xlink:to="pbr_DescriptionOfAccountingPolicyForImpairmentOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl" xml:lang="en-US" id="id_14489302_3417790_1_1"> Description of accounting policy for income tax [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl" xml:lang="en-US" id="id_14489302_3417790_2_1"> Income taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418187_1_1"> Description of accounting policy for intangible assets other than goodwill [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418187_2_1"> Intangible assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_lbl" xml:lang="en-US" id="id_14489302_3417584_1_1"> Description of accounting policy for investment in associates [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_lbl" xml:lang="en-US" id="id_14489302_3417584_2_1"> Investments in other companies </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418190_1_1"> Description of accounting policy for leases [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418190_2_1"> Leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories_lbl" xml:lang="en-US" id="id_14489302_3417792_1_1"> Description of accounting policy for measuring inventories [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories_lbl" xml:lang="en-US" id="id_14489302_3417792_2_1"> Inventories </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForMeasuringInventories_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418192_1_1"> Description of accounting policy for non-current assets or disposal groups classified as held for sale [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418192_2_1"> Assets classified as held for sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfAccountingPolicyForOtherComprehensiveIncomeExplanatory" xlink:label="pbr_DescriptionOfAccountingPolicyForOtherComprehensiveIncomeExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfAccountingPolicyForOtherComprehensiveIncomeExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514774_3_1"> The description of the entity's accounting policy for other comprehensive income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfAccountingPolicyForOtherComprehensiveIncomeExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514774_1_1"> Description of Accounting Policy for Other Comprehensive Income Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfAccountingPolicyForOtherComprehensiveIncomeExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514774_2_1"> Other comprehensive income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfAccountingPolicyForOtherComprehensiveIncomeExplanatory" xlink:to="pbr_DescriptionOfAccountingPolicyForOtherComprehensiveIncomeExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418193_1_1"> Description of accounting policy for property, plant and equipment [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418193_2_1"> Property, plant and equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfAccountingPolicyForRevenueFromContractsWithCustomersExplanatory" xlink:label="pbr_DescriptionOfAccountingPolicyForRevenueFromContractsWithCustomersExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfAccountingPolicyForRevenueFromContractsWithCustomersExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521134_3_1"> Description of accounting policy for revenue from contracts with customers. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfAccountingPolicyForRevenueFromContractsWithCustomersExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521134_1_1"> Description of accounting policy for revenue from contracts with customers [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfAccountingPolicyForRevenueFromContractsWithCustomersExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521134_2_1"> Revenue from contracts with customers </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfAccountingPolicyForRevenueFromContractsWithCustomersExplanatory" xlink:to="pbr_DescriptionOfAccountingPolicyForRevenueFromContractsWithCustomersExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_lbl" xml:lang="en-US" id="id_14489302_3417593_1_1"> Description of accounting policy for segment reporting [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_lbl" xml:lang="en-US" id="id_14489302_3417593_2_1"> Reportable segments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfAccountingPolicyForShareCapitalAndDistributionsToShareholdersExplanatory" xlink:label="pbr_DescriptionOfAccountingPolicyForShareCapitalAndDistributionsToShareholdersExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfAccountingPolicyForShareCapitalAndDistributionsToShareholdersExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514775_3_1"> The description of the entity's accounting policy for share capital and distributions to shareholders. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfAccountingPolicyForShareCapitalAndDistributionsToShareholdersExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514775_1_1"> Description of Accounting Policy for Share Capital and Distributions to Shareholders Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfAccountingPolicyForShareCapitalAndDistributionsToShareholdersExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514775_2_1"> Share capital and distributions to shareholders </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfAccountingPolicyForShareCapitalAndDistributionsToShareholdersExplanatory" xlink:to="pbr_DescriptionOfAccountingPolicyForShareCapitalAndDistributionsToShareholdersExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfActuarialAssumptionsOfMortalityTables" xlink:label="pbr_DescriptionOfActuarialAssumptionsOfMortalityTables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfActuarialAssumptionsOfMortalityTables_lbl" xml:lang="en-US" id="id_14489302_3469946_3_1"> Description of actuarial assumptions of mortality tables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfActuarialAssumptionsOfMortalityTables_lbl" xml:lang="en-US" id="id_14489302_3469946_1_1"> Description of Actuarial Assumptions of Mortality Tables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfActuarialAssumptionsOfMortalityTables_lbl" xml:lang="en-US" id="id_14489302_3469946_2_1"> Mortality table </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfActuarialAssumptionsOfMortalityTables" xlink:to="pbr_DescriptionOfActuarialAssumptionsOfMortalityTables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfDerivativeFinancialInstrumentsMaturityPeriod" xlink:label="pbr_DescriptionOfDerivativeFinancialInstrumentsMaturityPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfDerivativeFinancialInstrumentsMaturityPeriod_lbl" xml:lang="en-US" id="id_14489302_3469689_3_1"> Description of derivative financial instruments maturity period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfDerivativeFinancialInstrumentsMaturityPeriod_lbl" xml:lang="en-US" id="id_14489302_3469689_1_1"> Description of Derivative Financial Instruments Maturity Period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfDerivativeFinancialInstrumentsMaturityPeriod_lbl" xml:lang="en-US" id="id_14489302_3469689_2_1"> Maturity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfDerivativeFinancialInstrumentsMaturityPeriod" xlink:to="pbr_DescriptionOfDerivativeFinancialInstrumentsMaturityPeriod_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfDisability" xlink:label="pbr_DescriptionOfDisability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfDisability_lbl" xml:lang="en-US" id="id_14489302_3469425_3_1"> Description of disability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfDisability_lbl" xml:lang="en-US" id="id_14489302_3469425_1_1"> Description of Disability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfDisability_lbl" xml:lang="en-US" id="id_14489302_3469425_2_1"> Disability table </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfDisability" xlink:to="pbr_DescriptionOfDisability_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_lbl" xml:lang="en-US" id="id_14489302_3417615_1_1"> Discount rate applied to cash flow projections </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_lbl" xml:lang="en-US" id="id_14489302_3417615_2_1"> Post tax discount rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:to="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfExchangeRate" xlink:label="pbr_DescriptionOfExchangeRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfExchangeRate_lbl" xml:lang="en-US" id="id_14489302_3470555_3_1"> Description of exchange rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfExchangeRate_lbl" xml:lang="en-US" id="id_14489302_3470555_1_1"> Description Of Exchange Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfExchangeRate_lbl" xml:lang="en-US" id="id_14489302_3470555_2_1"> Description of exchange rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfExchangeRate" xlink:to="pbr_DescriptionOfExchangeRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsAbstract" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsAbstract_lbl" xml:lang="en-US" id="id_14489302_3417617_1_1"> Disclosure of expected impact of initial application of new standards or interpretations [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsAbstract_lbl" xml:lang="en-US" id="id_14489302_3417617_2_1"> Disclosure of expected impact of initial application of new standards or interpretations [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsAbstract" xlink:to="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsLineItems" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418229_1_1"> Disclosure of expected impact of initial application of new standards or interpretations [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418229_2_1"> Disclosure of expected impact of initial application of new standards or interpretations [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsLineItems" xlink:to="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsTable" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsTable_lbl" xml:lang="en-US" id="id_14489302_3417999_1_1"> Disclosure of expected impact of initial application of new standards or interpretations [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsTable_lbl" xml:lang="en-US" id="id_14489302_3417999_2_1"> Disclosure of expected impact of initial application of new standards or interpretations [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsTable" xlink:to="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretationsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_DescriptionOfGuaranteesGivenByParentCompany" xlink:label="srt_DescriptionOfGuaranteesGivenByParentCompany"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_DescriptionOfGuaranteesGivenByParentCompany_lbl" xml:lang="en-US" id="id_14489302_3418506_1_1"> Description of Guarantees Given by Registrant </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_DescriptionOfGuaranteesGivenByParentCompany_lbl" xml:lang="en-US" id="id_14489302_3418506_2_1"> Description of guarantees given by registrant </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_DescriptionOfGuaranteesGivenByParentCompany" xlink:to="srt_DescriptionOfGuaranteesGivenByParentCompany_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfManagementsApproachToDeterminingValuesAssignedToKeyAssumptions" xlink:label="ifrs-full_DescriptionOfManagementsApproachToDeterminingValuesAssignedToKeyAssumptions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfManagementsApproachToDeterminingValuesAssignedToKeyAssumptions_lbl" xml:lang="en-US" id="id_14489302_3418299_1_1"> Description of management's approach to determining values assigned to key assumptions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfManagementsApproachToDeterminingValuesAssignedToKeyAssumptions_lbl" xml:lang="en-US" id="id_14489302_3418299_2_1"> Key assumptions from the business management plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfManagementsApproachToDeterminingValuesAssignedToKeyAssumptions" xlink:to="ifrs-full_DescriptionOfManagementsApproachToDeterminingValuesAssignedToKeyAssumptions_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingCivilMatters" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingCivilMatters"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingCivilMatters_lbl" xml:lang="en-US" id="id_14489302_3469496_3_1"> Description Of Nature Of Contingent Liabilities Relating Civil Matters. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingCivilMatters_lbl" xml:lang="en-US" id="id_14489302_3469496_1_1"> Description Of Nature Of Contingent Liabilities Relating Civil Matters </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingCivilMatters_lbl" xml:lang="en-US" id="id_14489302_3469496_2_1"> Description of civil matters </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingCivilMatters" xlink:to="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingCivilMatters_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingEnvironmentalMatters" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingEnvironmentalMatters"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingEnvironmentalMatters_lbl" xml:lang="en-US" id="id_14489302_3469497_3_1"> Description Of Nature Of Contingent Liabilities Relating Environmental Matters. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingEnvironmentalMatters_lbl" xml:lang="en-US" id="id_14489302_3469497_1_1"> Description Of Nature Of Contingent Liabilities Relating Environmental Matters </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingEnvironmentalMatters_lbl" xml:lang="en-US" id="id_14489302_3469497_2_1"> Description of environmental matters </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingEnvironmentalMatters" xlink:to="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingEnvironmentalMatters_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingLabourMatters" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingLabourMatters"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingLabourMatters_lbl" xml:lang="en-US" id="id_14489302_3469495_3_1"> Description Of Nature Of Contingent Liabilities Relating Labour Matters. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingLabourMatters_lbl" xml:lang="en-US" id="id_14489302_3469495_1_1"> Description Of Nature Of Contingent Liabilities Relating Labour Matters </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingLabourMatters_lbl" xml:lang="en-US" id="id_14489302_3469495_2_1"> Description of labor matters </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingLabourMatters" xlink:to="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingLabourMatters_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingTaxMatters" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingTaxMatters"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingTaxMatters_lbl" xml:lang="en-US" id="id_14489302_3469494_3_1"> Description of nature of contingent liabilities relating tax matters. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingTaxMatters_lbl" xml:lang="en-US" id="id_14489302_3469494_1_1"> Description Of Nature Of Contingent Liabilities Relating Tax Matters </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingTaxMatters_lbl" xml:lang="en-US" id="id_14489302_3469494_2_1"> Description of tax matters </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingTaxMatters" xlink:to="pbr_DescriptionOfNatureOfContingentLiabilitiesRelatingTaxMatters_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:label="ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_lbl" xml:lang="en-US" id="id_14489302_3418957_1_1"> Description of nature of entity's operations and principal activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_lbl" xml:lang="en-US" id="id_14489302_3418957_2_1"> Company description </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities" xlink:to="ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfNatureOfRisksBeingHedged" xlink:label="ifrs-full_DescriptionOfNatureOfRisksBeingHedged"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfNatureOfRisksBeingHedged_lbl" xml:lang="en-US" id="id_14489302_3418326_1_1"> Description of nature of risks being hedged </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfNatureOfRisksBeingHedged_lbl" xml:lang="en-US" id="id_14489302_3418326_2_1"> Nature of the risk </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfNatureOfRisksBeingHedged" xlink:to="ifrs-full_DescriptionOfNatureOfRisksBeingHedged_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfPeriodsWhenCashFlowsExpectedToOccur" xlink:label="ifrs-full_DescriptionOfPeriodsWhenCashFlowsExpectedToOccur"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfPeriodsWhenCashFlowsExpectedToOccur_lbl" xml:lang="en-US" id="id_14489302_3418057_1_1"> Description of periods when cash flows expected to occur </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfPeriodsWhenCashFlowsExpectedToOccur_lbl" xml:lang="en-US" id="id_14489302_3418057_2_1"> Cash projections description </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfPeriodsWhenCashFlowsExpectedToOccur" xlink:to="ifrs-full_DescriptionOfPeriodsWhenCashFlowsExpectedToOccur_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfProvisionForDecommissioningCostsExplanatory" xlink:label="pbr_DescriptionOfProvisionForDecommissioningCostsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfProvisionForDecommissioningCostsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514742_3_1"> The description of the provision for decommissioning costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfProvisionForDecommissioningCostsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514742_1_1"> Description of provision for decommissioning costs [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfProvisionForDecommissioningCostsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514742_2_1"> Summary of Provision for Decommissioning Costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfProvisionForDecommissioningCostsExplanatory" xlink:to="pbr_DescriptionOfProvisionForDecommissioningCostsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfReportableSegmentToWhichIndividualAssetBelongs" xlink:label="ifrs-full_DescriptionOfReportableSegmentToWhichIndividualAssetBelongs"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfReportableSegmentToWhichIndividualAssetBelongs_lbl" xml:lang="en-US" id="id_14489302_3418567_1_1"> Description of reportable segment to which individual asset belongs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfReportableSegmentToWhichIndividualAssetBelongs_lbl" xml:lang="en-US" id="id_14489302_3418567_2_1"> Business segment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfReportableSegmentToWhichIndividualAssetBelongs" xlink:to="ifrs-full_DescriptionOfReportableSegmentToWhichIndividualAssetBelongs_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfRetirementAge" xlink:label="pbr_DescriptionOfRetirementAge"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfRetirementAge_lbl" xml:lang="en-US" id="id_14489302_3469730_3_1"> Description of retirement age. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfRetirementAge_lbl" xml:lang="en-US" id="id_14489302_3469730_1_1"> Description Of Retirement Age </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfRetirementAge_lbl" xml:lang="en-US" id="id_14489302_3469730_2_1"> Age of retirement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfRetirementAge" xlink:to="pbr_DescriptionOfRetirementAge_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfSellingPriceDetermination" xlink:label="pbr_DescriptionOfSellingPriceDetermination"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfSellingPriceDetermination_lbl" xml:lang="en-US" id="id_14489302_3469500_3_1"> Description of selling price determination. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfSellingPriceDetermination_lbl" xml:lang="en-US" id="id_14489302_3469500_1_1"> Description of Selling Price Determination </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfSellingPriceDetermination_lbl" xml:lang="en-US" id="id_14489302_3469500_2_1"> Selling price determination </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfSellingPriceDetermination" xlink:to="pbr_DescriptionOfSellingPriceDetermination_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DescriptionOfSensitivityToChangeInAssumption" xlink:label="pbr_DescriptionOfSensitivityToChangeInAssumption"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DescriptionOfSensitivityToChangeInAssumption_lbl" xml:lang="en-US" id="id_14489302_3469476_3_1"> Description of sensitivity to change in assumption. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DescriptionOfSensitivityToChangeInAssumption_lbl" xml:lang="en-US" id="id_14489302_3469476_1_1"> Description Of Sensitivity To Change In Assumption </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DescriptionOfSensitivityToChangeInAssumption_lbl" xml:lang="en-US" id="id_14489302_3469476_2_1"> Description of Sensitivity to changes in assumptions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DescriptionOfSensitivityToChangeInAssumption" xlink:to="pbr_DescriptionOfSensitivityToChangeInAssumption_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfTermAndConditionsOfFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:label="ifrs-full_DescriptionOfTermAndConditionsOfFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfTermAndConditionsOfFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3418357_1_1"> Description of terms and conditions of financial assets pledged as collateral for liabilities or contingent liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfTermAndConditionsOfFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3418357_2_1"> Description of terms of collateral financing agreements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfTermAndConditionsOfFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:to="ifrs-full_DescriptionOfTermAndConditionsOfFinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DescriptionOfTypeOfHedge" xlink:label="ifrs-full_DescriptionOfTypeOfHedge"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfTypeOfHedge_lbl" xml:lang="en-US" id="id_14489302_3418773_1_1"> Description of type of hedge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfTypeOfHedge_lbl" xml:lang="en-US" id="id_14489302_3418773_2_1"> Hedged transactions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfTypeOfHedge" xlink:to="ifrs-full_DescriptionOfTypeOfHedge_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DetenQuimicaSAMember" xlink:label="pbr_DetenQuimicaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DetenQuimicaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487571_3_1"> Deten Quimica S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DetenQuimicaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487571_1_1"> Deten Quimica S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DetenQuimicaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487571_2_1"> Deten Quimica S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DetenQuimicaSAMember" xlink:to="pbr_DetenQuimicaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DevelopedInHouseSoftwareMember" xlink:label="pbr_DevelopedInHouseSoftwareMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DevelopedInHouseSoftwareMember_lbl" xml:lang="en-US" id="id_14489302_3487697_3_1"> Developed in house software. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DevelopedInHouseSoftwareMember_lbl" xml:lang="en-US" id="id_14489302_3487697_1_1"> Developed In House Software [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DevelopedInHouseSoftwareMember_lbl" xml:lang="en-US" id="id_14489302_3487697_2_1"> Developed In-house Software [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DevelopedInHouseSoftwareMember" xlink:to="pbr_DevelopedInHouseSoftwareMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DevelopmentBanksMember" xlink:label="pbr_DevelopmentBanksMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DevelopmentBanksMember_lbl" xml:lang="en-US" id="id_14489302_3495964_3_1"> Development banks [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DevelopmentBanksMember_lbl" xml:lang="en-US" id="id_14489302_3495964_1_1"> Development banks [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DevelopmentBanksMember_lbl" xml:lang="en-US" id="id_14489302_3495964_2_1"> Development banks [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DevelopmentBanksMember" xlink:to="pbr_DevelopmentBanksMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DieselMember" xlink:label="pbr_DieselMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DieselMember_lbl" xml:lang="en-US" id="id_14489302_3491934_3_1"> Diesel. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DieselMember_lbl" xml:lang="en-US" id="id_14489302_3491934_1_1"> Diesel member </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DieselMember_lbl" xml:lang="en-US" id="id_14489302_3491934_2_1"> Diesel [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DieselMember" xlink:to="pbr_DieselMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DieselPriceSubsidyProgramMember" xlink:label="pbr_DieselPriceSubsidyProgramMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DieselPriceSubsidyProgramMember_lbl" xml:lang="en-US" id="id_14489302_3495661_3_1"> Diesel price subsidy program. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DieselPriceSubsidyProgramMember_lbl" xml:lang="en-US" id="id_14489302_3495661_1_1"> Diesel Price Subsidy Program [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DieselPriceSubsidyProgramMember_lbl" xml:lang="en-US" id="id_14489302_3495661_2_1"> Diesel Price Subsidy Program [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DieselPriceSubsidyProgramMember" xlink:to="pbr_DieselPriceSubsidyProgramMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DieselSubsidyMember" xlink:label="pbr_DieselSubsidyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DieselSubsidyMember_lbl" xml:lang="en-US" id="id_14489302_3495639_3_1"> Diesel subsidy. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DieselSubsidyMember_lbl" xml:lang="en-US" id="id_14489302_3495639_1_1"> Diesel subsidy [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DieselSubsidyMember_lbl" xml:lang="en-US" id="id_14489302_3495639_2_1"> Diesel subsidy [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DieselSubsidyMember" xlink:to="pbr_DieselSubsidyMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DifferentJurisdictionalTaxRates" xlink:label="pbr_DifferentJurisdictionalTaxRates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DifferentJurisdictionalTaxRates_lbl" xml:lang="en-US" id="id_14489302_3450986_3_1"> Different jurisdictional tax rates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DifferentJurisdictionalTaxRates_lbl" xml:lang="en-US" id="id_14489302_3450986_1_1"> Different Jurisdictional Tax Rates </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_DifferentJurisdictionalTaxRates_lbl" xml:lang="en-US" id="id_14489302_3450986_14_1"> Different jurisdictional tax rates for companies abroad </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DifferentJurisdictionalTaxRates" xlink:to="pbr_DifferentJurisdictionalTaxRates_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisbursementOfInterestIncomeUnderUnitizationAgreement" xlink:label="pbr_DisbursementOfInterestIncomeUnderUnitizationAgreement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisbursementOfInterestIncomeUnderUnitizationAgreement_lbl" xml:lang="en-US" id="id_14489302_3553115_3_1"> Disbursement of interest income under unitization agreement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisbursementOfInterestIncomeUnderUnitizationAgreement_lbl" xml:lang="en-US" id="id_14489302_3553115_1_1"> Disbursement of interest income under unitization agreement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisbursementOfInterestIncomeUnderUnitizationAgreement_lbl" xml:lang="en-US" id="id_14489302_3553115_2_1"> Disbursal of interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisbursementOfInterestIncomeUnderUnitizationAgreement" xlink:to="pbr_DisbursementOfInterestIncomeUnderUnitizationAgreement_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisbursementOfRevenuesWithRespectToSalesOfDiesel" xlink:label="pbr_DisbursementOfRevenuesWithRespectToSalesOfDiesel"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisbursementOfRevenuesWithRespectToSalesOfDiesel_lbl" xml:lang="en-US" id="id_14489302_3540990_3_1"> Disbursement of revenues with respect to sales of diesel. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisbursementOfRevenuesWithRespectToSalesOfDiesel_lbl" xml:lang="en-US" id="id_14489302_3540990_1_1"> Disbursement of revenues with respect to sales of diesel </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisbursementOfRevenuesWithRespectToSalesOfDiesel_lbl" xml:lang="en-US" id="id_14489302_3540990_2_1"> Disbursement of revenues with respect to sales of diesel </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisbursementOfRevenuesWithRespectToSalesOfDiesel" xlink:to="pbr_DisbursementOfRevenuesWithRespectToSalesOfDiesel_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory" xlink:label="ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419022_1_1"> Disclosure of accounting judgements and estimates [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419022_2_1"> Critical accounting policies: key estimates and judgments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory" xlink:to="ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfActuarialAssumptionsExplanatory" xlink:label="pbr_DisclosureOfActuarialAssumptionsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfActuarialAssumptionsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517712_3_1"> The disclosure of actuarial assumptions [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfActuarialAssumptionsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517712_1_1"> Disclosure of actuarial assumptions [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfActuarialAssumptionsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517712_2_1"> Summary of Actuarial Assumptions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfActuarialAssumptionsExplanatory" xlink:to="pbr_DisclosureOfActuarialAssumptionsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory" xlink:label="ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418792_1_1"> Disclosure of additional information about defined benefit plans [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418792_2_1"> Schedule of Defined Benefit Costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory" xlink:to="ifrs-full_DisclosureOfAdditionalInformationAboutDefinedBenefitPlansExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfAdditionalInformationOnCashFlowsExplanatory" xlink:label="pbr_DisclosureOfAdditionalInformationOnCashFlowsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfAdditionalInformationOnCashFlowsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514790_3_1"> The disclosure of additional information on cash flows. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfAdditionalInformationOnCashFlowsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514790_1_1"> Disclosure Of Additional Information On Cash Flows Explanatory [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfAdditionalInformationOnCashFlowsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514790_2_1"> Summary of Supplemental Information on Statement of Cash Flows </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfAdditionalInformationOnCashFlowsExplanatory" xlink:to="pbr_DisclosureOfAdditionalInformationOnCashFlowsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsLineItems" xlink:label="ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418384_1_1"> Disclosure of analysis of single amount of discontinued operations [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418384_2_1"> Disclosure of analysis of single amount of discontinued operations [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsLineItems" xlink:to="ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsTable" xlink:label="ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsTable_lbl" xml:lang="en-US" id="id_14489302_3418598_1_1"> Disclosure of analysis of single amount of discontinued operations [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsTable_lbl" xml:lang="en-US" id="id_14489302_3418598_2_1"> Disclosure of analysis of single amount of discontinued operations [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsTable" xlink:to="ifrs-full_DisclosureOfAnalysisOfSingleAmountOfDiscontinuedOperationsTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfAnnualChangesInProvedDevelopedAndUnderdevelopedReservesOfOilExplanatory" xlink:label="pbr_DisclosureOfAnnualChangesInProvedDevelopedAndUnderdevelopedReservesOfOilExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfAnnualChangesInProvedDevelopedAndUnderdevelopedReservesOfOilExplanatory_lbl" xml:lang="en-US" id="id_14489302_3541002_3_1"> Disclosure of annual changes in proved developed and underdeveloped reserves of oil explanatory. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfAnnualChangesInProvedDevelopedAndUnderdevelopedReservesOfOilExplanatory_lbl" xml:lang="en-US" id="id_14489302_3541002_1_1"> Disclosure Of Annual Changes In Proved Developed And Underdeveloped Reserves Of Oil Explanatory [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfAnnualChangesInProvedDevelopedAndUnderdevelopedReservesOfOilExplanatory_lbl" xml:lang="en-US" id="id_14489302_3541002_2_1"> Summary of Annual Changes in Proved Developed and Undeveloped Reserves of Oil </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfAnnualChangesInProvedDevelopedAndUnderdevelopedReservesOfOilExplanatory" xlink:to="pbr_DisclosureOfAnnualChangesInProvedDevelopedAndUnderdevelopedReservesOfOilExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfAssetLiabilityManagementModelExplanatory" xlink:label="pbr_DisclosureOfAssetLiabilityManagementModelExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfAssetLiabilityManagementModelExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553198_3_1"> Disclosure of asset liability management model. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfAssetLiabilityManagementModelExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553198_1_1"> Disclosure of asset liability management model [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfAssetLiabilityManagementModelExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553198_2_1"> Summary of Pension Plan Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfAssetLiabilityManagementModelExplanatory" xlink:to="pbr_DisclosureOfAssetLiabilityManagementModelExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleAbstract" xlink:label="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleAbstract_lbl" xml:lang="en-US" id="id_14489302_3429865_3_1"> Disclosure of Assets and Liabilities of Disposal Groups Classified as Held for Sale Explanatory [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleAbstract_lbl" xml:lang="en-US" id="id_14489302_3429865_1_1"> Disclosure of Assets and Liabilities of Disposal Groups Classified as Held for Sale [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleAbstract_lbl" xml:lang="en-US" id="id_14489302_3429865_2_1"> Disclosure of Assets and Liabilities of Disposal Groups Classified as Held for Sale [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleAbstract" xlink:to="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:label="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleExplanatory_lbl" xml:lang="en-US" id="id_14489302_3519733_3_1"> Disclosure of assets and liabilities of disposal groups classified as held for sale. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleExplanatory_lbl" xml:lang="en-US" id="id_14489302_3519733_1_1"> Disclosure of assets and liabilities of disposal groups classified as held for sale [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleExplanatory_lbl" xml:lang="en-US" id="id_14489302_3519733_2_1"> Summary of Assets Classified as Held for Sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:to="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleTable" xlink:label="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleTable_lbl" xml:lang="en-US" id="id_14489302_3473955_3_1"> Disclosure of Assets and Liabilities of Disposal Groups Classified as Held for Sale [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleTable_lbl" xml:lang="en-US" id="id_14489302_3473955_1_1"> Disclosure of Assets and Liabilities of Disposal Groups Classified as Held for Sale [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleTable_lbl" xml:lang="en-US" id="id_14489302_3473955_2_1"> Disclosure of Assets and Liabilities of Disposal Groups Classified as Held for Sale [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleTable" xlink:to="pbr_DisclosureOfAssetsAndLiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfBasisOfConsolidationExplanatory" xlink:label="ifrs-full_DisclosureOfBasisOfConsolidationExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBasisOfConsolidationExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419034_1_1"> Disclosure of basis of consolidation [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfBasisOfConsolidationExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419034_2_1"> Basis of consolidation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBasisOfConsolidationExplanatory" xlink:to="ifrs-full_DisclosureOfBasisOfConsolidationExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory" xlink:label="ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418806_1_1"> Disclosure of basis of preparation of financial statements [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418806_2_1"> Basis of preparation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory" xlink:to="ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:label="ifrs-full_DisclosureOfBorrowingsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBorrowingsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418389_1_1"> Disclosure of borrowings [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfBorrowingsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418389_2_1"> Balance by Type of Finance Debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBorrowingsExplanatory" xlink:to="ifrs-full_DisclosureOfBorrowingsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCapitalizedInterestCostsWithRespectToOilAndGasProductionExplanatory" xlink:label="pbr_DisclosureOfCapitalizedInterestCostsWithRespectToOilAndGasProductionExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCapitalizedInterestCostsWithRespectToOilAndGasProductionExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514848_3_1"> The disclosure of capitalized interest costs with respect to oil and gas production. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCapitalizedInterestCostsWithRespectToOilAndGasProductionExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514848_1_1"> Disclosure of Capitalized Interest Costs With Respect To Oil And Gas Production [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCapitalizedInterestCostsWithRespectToOilAndGasProductionExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514848_2_1"> Summary of Capitalized Costs for Oil and Gas Exploration and Production Activities </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAbstract" xlink:label="pbr_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3429027_3_1"> Disclosure of cash and cash equivalents and financial investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3429027_1_1"> Disclosure of cash and cash equivalents and financial investments [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCashAndCashEquivalentsAndFinancialInvestmentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3429027_2_1"> Disclosure of cash and cash equivalents and financial investments [abstract] </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCashAndCashEquivalentsAndMarketableSecuritiesExplanatory" xlink:label="pbr_DisclosureOfCashAndCashEquivalentsAndMarketableSecuritiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCashAndCashEquivalentsAndMarketableSecuritiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515413_3_1"> The disclosure of cash and cash equivalents and marketable securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCashAndCashEquivalentsAndMarketableSecuritiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515413_1_1"> Disclosure of Cash and Cash Equivalents and Marketable Securities Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCashAndCashEquivalentsAndMarketableSecuritiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515413_2_1"> Cash and cash equivalents and Marketable securities </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:label="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418810_1_1"> Disclosure of cash and cash equivalents [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418810_2_1"> Schedule of Cash and Cash Equivalents </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:to="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCashFlowStatementAbstract" xlink:label="pbr_DisclosureOfCashFlowStatementAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCashFlowStatementAbstract_lbl" xml:lang="en-US" id="id_14489302_3428727_3_1"> Disclosure of cash flow statement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCashFlowStatementAbstract_lbl" xml:lang="en-US" id="id_14489302_3428727_1_1"> Disclosure Of Cash Flow Statement [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCashFlowStatementAbstract_lbl" xml:lang="en-US" id="id_14489302_3428727_2_1"> Disclosure Of Cash Flow Statement [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfCashFlowStatementAbstract" xlink:to="pbr_DisclosureOfCashFlowStatementAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfChangeInDeferredIncomeTaxAbstract" xlink:label="pbr_DisclosureOfChangeInDeferredIncomeTaxAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfChangeInDeferredIncomeTaxAbstract_lbl" xml:lang="en-US" id="id_14489302_3430609_3_1"> Disclosure of change in deferred income tax. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfChangeInDeferredIncomeTaxAbstract_lbl" xml:lang="en-US" id="id_14489302_3430609_1_1"> Disclosure Of Change In Deferred Income Tax [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfChangeInDeferredIncomeTaxAbstract_lbl" xml:lang="en-US" id="id_14489302_3430609_2_1"> Disclosure Of Change In Deferred Income Tax [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfChangeInDeferredIncomeTaxAbstract" xlink:to="pbr_DisclosureOfChangeInDeferredIncomeTaxAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfChangeInDeferredIncomeTaxLineItems" xlink:label="pbr_DisclosureOfChangeInDeferredIncomeTaxLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfChangeInDeferredIncomeTaxLineItems_lbl" xml:lang="en-US" id="id_14489302_3430610_3_1"> Disclosure of change in deferred income tax. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfChangeInDeferredIncomeTaxLineItems_lbl" xml:lang="en-US" id="id_14489302_3430610_1_1"> Disclosure Of Change In Deferred Income Tax [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfChangeInDeferredIncomeTaxLineItems_lbl" xml:lang="en-US" id="id_14489302_3430610_2_1"> Disclosure Of Change In Deferred Income Tax [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfChangeInDeferredIncomeTaxLineItems" xlink:to="pbr_DisclosureOfChangeInDeferredIncomeTaxLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfChangeInDeferredIncomeTaxTable" xlink:label="pbr_DisclosureOfChangeInDeferredIncomeTaxTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfChangeInDeferredIncomeTaxTable_lbl" xml:lang="en-US" id="id_14489302_3474107_3_1"> Disclosure of change in deferred income tax. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfChangeInDeferredIncomeTaxTable_lbl" xml:lang="en-US" id="id_14489302_3474107_1_1"> Disclosure Of Change In Deferred Income Tax [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfChangeInDeferredIncomeTaxTable_lbl" xml:lang="en-US" id="id_14489302_3474107_2_1"> Disclosure Of Change In Deferred Income Tax [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfChangeInDeferredIncomeTaxTable" xlink:to="pbr_DisclosureOfChangeInDeferredIncomeTaxTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory" xlink:label="ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418607_1_1"> Disclosure of changes in accounting policies, accounting estimates and errors [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418607_2_1"> New standards and interpretations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory" xlink:to="ifrs-full_DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfChangesInAllowanceForImpairmentOfTradeAndOtherReceivablesExplanatory" xlink:label="pbr_DisclosureOfChangesInAllowanceForImpairmentOfTradeAndOtherReceivablesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfChangesInAllowanceForImpairmentOfTradeAndOtherReceivablesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514782_3_1"> The tabular disclosure of changes in allowance for impairment of trade and other receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfChangesInAllowanceForImpairmentOfTradeAndOtherReceivablesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514782_1_1"> Disclosure Of Changes In Allowance For Impairment Of Trade And Other Receivables [table text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfChangesInAllowanceForImpairmentOfTradeAndOtherReceivablesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514782_2_1"> Schedule of Changes in credit losses provision </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfChangesInAllowanceForImpairmentOfTradeAndOtherReceivablesExplanatory" xlink:to="pbr_DisclosureOfChangesInAllowanceForImpairmentOfTradeAndOtherReceivablesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfChangesInTheActuarialLiabilitiesFairValueOfAssetsAndAmountsRecognizedInStatementOfFinancialPositionExplanatory" xlink:label="pbr_DisclosureOfChangesInTheActuarialLiabilitiesFairValueOfAssetsAndAmountsRecognizedInStatementOfFinancialPositionExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfChangesInTheActuarialLiabilitiesFairValueOfAssetsAndAmountsRecognizedInStatementOfFinancialPositionExplanatory_lbl" xml:lang="en-US" id="id_14489302_3522296_3_1"> Disclosure of changes in the actuarial liabilities, fair value of assets and amounts recognized in statement of financial position. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfChangesInTheActuarialLiabilitiesFairValueOfAssetsAndAmountsRecognizedInStatementOfFinancialPositionExplanatory_lbl" xml:lang="en-US" id="id_14489302_3522296_1_1"> Disclosure of changes in the actuarial liabilities, fair value of assets and amounts recognized in statement of financial position explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfChangesInTheActuarialLiabilitiesFairValueOfAssetsAndAmountsRecognizedInStatementOfFinancialPositionExplanatory_lbl" xml:lang="en-US" id="id_14489302_3522296_2_1"> Disclosure of Changes in the Actuarial Liabilities, Fair Value of Assets and Amounts Recognized in Statement of Financial Position </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfChangesInTheActuarialLiabilitiesFairValueOfAssetsAndAmountsRecognizedInStatementOfFinancialPositionExplanatory" xlink:to="pbr_DisclosureOfChangesInTheActuarialLiabilitiesFairValueOfAssetsAndAmountsRecognizedInStatementOfFinancialPositionExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalAbstract_lbl" xml:lang="en-US" id="id_14489302_3419037_1_1"> Disclosure of classes of share capital [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalAbstract_lbl" xml:lang="en-US" id="id_14489302_3419037_2_1"> Disclosure of classes of share capital [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xlink:to="ifrs-full_DisclosureOfClassesOfShareCapitalAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalLineItems_lbl" xml:lang="en-US" id="id_14489302_3418395_1_1"> Disclosure of classes of share capital [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalLineItems_lbl" xml:lang="en-US" id="id_14489302_3418395_2_1"> Disclosure of classes of share capital [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:to="ifrs-full_DisclosureOfClassesOfShareCapitalLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalTable_lbl" xml:lang="en-US" id="id_14489302_3418609_1_1"> Disclosure of classes of share capital [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalTable_lbl" xml:lang="en-US" id="id_14489302_3418609_2_1"> Disclosure of classes of share capital [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:to="ifrs-full_DisclosureOfClassesOfShareCapitalTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCollateralAbstract" xlink:label="pbr_DisclosureOfCollateralAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCollateralAbstract_lbl" xml:lang="en-US" id="id_14489302_3430538_3_1"> Disclosure Of Collateral [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCollateralAbstract_lbl" xml:lang="en-US" id="id_14489302_3430538_1_1"> Disclosure Of Collateral [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCollateralAbstract_lbl" xml:lang="en-US" id="id_14489302_3430538_2_1"> Disclosure Of Collateral [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfCollateralAbstract" xlink:to="pbr_DisclosureOfCollateralAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfCollateralExplanatory" xlink:label="ifrs-full_DisclosureOfCollateralExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCollateralExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418812_1_1"> Disclosure of collateral [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfCollateralExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418812_2_1"> Collateral for crude oil exploration concession agreements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCollateralExplanatory" xlink:to="ifrs-full_DisclosureOfCollateralExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCollateralLineItems" xlink:label="pbr_DisclosureOfCollateralLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCollateralLineItems_lbl" xml:lang="en-US" id="id_14489302_3427298_3_1"> Disclosure of Collateral, </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCollateralLineItems_lbl" xml:lang="en-US" id="id_14489302_3427298_1_1"> Disclosure Of Collateral [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCollateralLineItems_lbl" xml:lang="en-US" id="id_14489302_3427298_2_1"> Disclosure Of Collateral [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfCollateralLineItems" xlink:to="pbr_DisclosureOfCollateralLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCollateralTable" xlink:label="pbr_DisclosureOfCollateralTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCollateralTable_lbl" xml:lang="en-US" id="id_14489302_3474979_3_1"> Disclosure Of Collateral. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCollateralTable_lbl" xml:lang="en-US" id="id_14489302_3474979_1_1"> Disclosure Of Collateral [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCollateralTable_lbl" xml:lang="en-US" id="id_14489302_3474979_2_1"> Disclosure Of Collateral [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfCollateralTable" xlink:to="pbr_DisclosureOfCollateralTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCommitmentsAbstract" xlink:label="pbr_DisclosureOfCommitmentsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCommitmentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3429912_3_1"> Disclosure of commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCommitmentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3429912_1_1"> Disclosure of Commitments [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCommitmentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3429912_2_1"> Disclosure of Commitments [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfCommitmentsAbstract" xlink:to="pbr_DisclosureOfCommitmentsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCommitmentsLineItems" xlink:label="pbr_DisclosureOfCommitmentsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCommitmentsLineItems_lbl" xml:lang="en-US" id="id_14489302_3429914_3_1"> Line items abstract of disclosure of commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCommitmentsLineItems_lbl" xml:lang="en-US" id="id_14489302_3429914_1_1"> Disclosure of commitments [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCommitmentsLineItems_lbl" xml:lang="en-US" id="id_14489302_3429914_2_1"> Disclosure of commitments [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfCommitmentsLineItems" xlink:to="pbr_DisclosureOfCommitmentsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCommitmentsTable" xlink:label="pbr_DisclosureOfCommitmentsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCommitmentsTable_lbl" xml:lang="en-US" id="id_14489302_3473916_3_1"> The entire disclosure of commitments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCommitmentsTable_lbl" xml:lang="en-US" id="id_14489302_3473916_1_1"> Disclosure Of Commitments [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCommitmentsTable_lbl" xml:lang="en-US" id="id_14489302_3473916_2_1"> Disclosure Of Commitments [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfCommitmentsTable" xlink:to="pbr_DisclosureOfCommitmentsTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCommitmentToPurchaseNaturalGasExplanatory" xlink:label="pbr_DisclosureOfCommitmentToPurchaseNaturalGasExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCommitmentToPurchaseNaturalGasExplanatory_lbl" xml:lang="en-US" id="id_14489302_3522295_3_1"> The disclosure of commitment to purchase natural gas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCommitmentToPurchaseNaturalGasExplanatory_lbl" xml:lang="en-US" id="id_14489302_3522295_1_1"> Disclosure of commitment to purchase natural gas explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCommitmentToPurchaseNaturalGasExplanatory_lbl" xml:lang="en-US" id="id_14489302_3522295_2_1"> Commitment to purchase natural gas </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfCommitmentToPurchaseNaturalGasExplanatory" xlink:to="pbr_DisclosureOfCommitmentToPurchaseNaturalGasExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory" xlink:label="ifrs-full_DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418610_1_1"> Disclosure of separate financial statements [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418610_2_1"> Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory" xlink:to="ifrs-full_DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfContingentLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfContingentLiabilitiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfContingentLiabilitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418816_1_1"> Disclosure of contingent liabilities [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfContingentLiabilitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418816_2_1"> Summary of Contingent Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesExplanatory" xlink:to="ifrs-full_DisclosureOfContingentLiabilitiesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCostAndExpensesByNatureLineItems" xlink:label="pbr_DisclosureOfCostAndExpensesByNatureLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCostAndExpensesByNatureLineItems_lbl" xml:lang="en-US" id="id_14489302_3429694_3_1"> Line items represents cost and expenses by nature. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCostAndExpensesByNatureLineItems_lbl" xml:lang="en-US" id="id_14489302_3429694_1_1"> Disclosure of cost and expenses by nature [Line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCostAndExpensesByNatureLineItems_lbl" xml:lang="en-US" id="id_14489302_3429694_2_1"> Disclosure of cost and expenses by nature [Line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfCostAndExpensesByNatureLineItems" xlink:to="pbr_DisclosureOfCostAndExpensesByNatureLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCostAndExpensesByNatureTable" xlink:label="pbr_DisclosureOfCostAndExpensesByNatureTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCostAndExpensesByNatureTable_lbl" xml:lang="en-US" id="id_14489302_3473825_3_1"> Schedule disclosing cost and expenses by nature. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCostAndExpensesByNatureTable_lbl" xml:lang="en-US" id="id_14489302_3473825_1_1"> Disclosure of cost and expenses by nature [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCostAndExpensesByNatureTable_lbl" xml:lang="en-US" id="id_14489302_3473825_2_1"> Disclosure of cost and expenses by nature [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfCostAndExpensesByNatureTable" xlink:to="pbr_DisclosureOfCostAndExpensesByNatureTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfCostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesExplanatory" xlink:label="pbr_DisclosureOfCostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfCostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517209_3_1"> The disclosure of costs incurred in oil and gas property acquisition, exploration and development activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfCostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517209_1_1"> Disclosure of Costs Incurred in Oil and Gas Property Acquisition, Exploration and Development Activities Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfCostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517209_2_1"> Summary of Costs Incurred </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfCostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesExplanatory" xlink:to="pbr_DisclosureOfCostsIncurredInOilAndGasPropertyAcquisitionExplorationAndDevelopmentActivitiesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDebtSecuritiesExplanatory" xlink:label="ifrs-full_DisclosureOfDebtSecuritiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDebtSecuritiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418403_1_1"> Disclosure of debt instruments [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDebtSecuritiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418403_2_1"> Finance debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDebtSecuritiesExplanatory" xlink:to="ifrs-full_DisclosureOfDebtSecuritiesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:label="ifrs-full_DisclosureOfDeferredTaxesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDeferredTaxesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418615_1_1"> Disclosure of deferred taxes [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDeferredTaxesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418615_2_1"> Summary of the Changes in the Deferred Income Taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:to="ifrs-full_DisclosureOfDeferredTaxesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsAbstract" xlink:label="pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsAbstract_lbl" xml:lang="en-US" id="id_14489302_3430655_3_1"> Disclosure of defined benefit plan changes in provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsAbstract_lbl" xml:lang="en-US" id="id_14489302_3430655_1_1"> Disclosure Of Defined Benefit Plan Changes In Provisions [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsAbstract_lbl" xml:lang="en-US" id="id_14489302_3430655_2_1"> Disclosure Of Defined Benefit Plan Changes In Provisions [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsAbstract" xlink:to="pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsTable" xlink:label="pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsTable_lbl" xml:lang="en-US" id="id_14489302_3474876_3_1"> Disclosure of defined benefit plan changes in provisions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsTable_lbl" xml:lang="en-US" id="id_14489302_3474876_1_1"> Disclosure of defined benefit plan changes in provisions [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsTable_lbl" xml:lang="en-US" id="id_14489302_3474876_2_1"> Disclosure of defined benefit plan changes in provisions [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsTable" xlink:to="pbr_DisclosureOfDefinedBenefitPlanChangesInProvisionsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansAbstract" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansAbstract_lbl" xml:lang="en-US" id="id_14489302_3418824_1_1"> Disclosure of defined benefit plans [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansAbstract_lbl" xml:lang="en-US" id="id_14489302_3418824_2_1"> Disclosure of defined benefit plans [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDefinedBenefitPlansAbstract" xlink:to="ifrs-full_DisclosureOfDefinedBenefitPlansAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansLineItems_lbl" xml:lang="en-US" id="id_14489302_3418616_1_1"> Disclosure of defined benefit plans [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansLineItems_lbl" xml:lang="en-US" id="id_14489302_3418616_2_1"> Disclosure of defined benefit plans [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:to="ifrs-full_DisclosureOfDefinedBenefitPlansLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansTable_lbl" xml:lang="en-US" id="id_14489302_3418405_1_1"> Disclosure of defined benefit plans [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansTable_lbl" xml:lang="en-US" id="id_14489302_3418405_2_1"> Disclosure of defined benefit plans [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:to="ifrs-full_DisclosureOfDefinedBenefitPlansTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract_lbl" xml:lang="en-US" id="id_14489302_3418827_1_1"> Disclosure of detailed information about borrowings [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract_lbl" xml:lang="en-US" id="id_14489302_3418827_2_1"> Disclosure of detailed information about borrowings [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418409_1_1"> Disclosure of detailed information about borrowings [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418409_2_1"> Summarized Information on Current and Non-Current Finance Debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418621_1_1"> Disclosure of detailed information about borrowings [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418621_2_1"> Disclosure of detailed information about borrowings [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_lbl" xml:lang="en-US" id="id_14489302_3418622_1_1"> Disclosure of detailed information about borrowings [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_lbl" xml:lang="en-US" id="id_14489302_3418622_2_1"> Disclosure of detailed information about borrowings [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationAboutEstimatedUsefulLifeOfPropertyPlantAndEquipmentExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationAboutEstimatedUsefulLifeOfPropertyPlantAndEquipmentExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationAboutEstimatedUsefulLifeOfPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514844_3_1"> The disclosure of detailed information about the estimated useful life of property, plant and equipment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationAboutEstimatedUsefulLifeOfPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514844_1_1"> Disclosure Of Detailed Information About Estimated Useful Life Of Property Plant And Equipment [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationAboutEstimatedUsefulLifeOfPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514844_2_1"> Summary of Estimated Useful Life of Property Plant and Equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationAboutEstimatedUsefulLifeOfPropertyPlantAndEquipmentExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationAboutEstimatedUsefulLifeOfPropertyPlantAndEquipmentExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationAboutExplorationAndEvaluationOfOilAndGasLineItems" xlink:label="pbr_DisclosureOfDetailedInformationAboutExplorationAndEvaluationOfOilAndGasLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationAboutExplorationAndEvaluationOfOilAndGasLineItems_lbl" xml:lang="en-US" id="id_14489302_3529685_3_1"> Disclosure of detailed information about exploration and evaluation of oil and gas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationAboutExplorationAndEvaluationOfOilAndGasLineItems_lbl" xml:lang="en-US" id="id_14489302_3529685_1_1"> Disclosure of Detailed Information About Exploration and Evaluation of Oil and Gas [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationAboutExplorationAndEvaluationOfOilAndGasLineItems_lbl" xml:lang="en-US" id="id_14489302_3529685_2_1"> Disclosure of Detailed Information About Exploration and Evaluation of Oil and Gas [line items] </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationAboutExplorationAndEvaluationOfOilAndGasTable" xlink:label="pbr_DisclosureOfDetailedInformationAboutExplorationAndEvaluationOfOilAndGasTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationAboutExplorationAndEvaluationOfOilAndGasTable_lbl" xml:lang="en-US" id="id_14489302_3474147_3_1"> Disclosure of detailed information about exploration and evaluation of oil and gas table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationAboutExplorationAndEvaluationOfOilAndGasTable_lbl" xml:lang="en-US" id="id_14489302_3474147_1_1"> Disclosure of Detailed Information About Exploration and Evaluation of Oil and Gas [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationAboutExplorationAndEvaluationOfOilAndGasTable_lbl" xml:lang="en-US" id="id_14489302_3474147_2_1"> Disclosure of Detailed Information About Exploration and Evaluation of Oil and Gas [table] </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationAboutFinanceIncomeExpenseExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationAboutFinanceIncomeExpenseExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationAboutFinanceIncomeExpenseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3520716_3_1"> The disclosure of detailed information about finance income (expense). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationAboutFinanceIncomeExpenseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3520716_1_1"> Disclosure of Detailed Information About Finance Income Expense [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationAboutFinanceIncomeExpenseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3520716_2_1"> Summary of Net Finance Income (Expense) </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418628_1_1"> Disclosure of detailed information about financial instruments [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418628_2_1"> Summary of Amounts Recognized and Guarantees Given Related to Derivative Financial Instruments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsAbstract" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsAbstract_lbl" xml:lang="en-US" id="id_14489302_3419048_1_1"> Disclosure of detailed information about hedged items [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsAbstract_lbl" xml:lang="en-US" id="id_14489302_3419048_2_1"> Disclosure of detailed information about hedged items [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsAbstract" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems_lbl" xml:lang="en-US" id="id_14489302_3419049_1_1"> Disclosure of detailed information about hedged items [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems_lbl" xml:lang="en-US" id="id_14489302_3419049_2_1"> Disclosure of detailed information about hedged items [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsTable" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsTable_lbl" xml:lang="en-US" id="id_14489302_3419050_1_1"> Disclosure of detailed information about hedged items [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsTable_lbl" xml:lang="en-US" id="id_14489302_3419050_2_1"> Disclosure of detailed information about hedged items [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsTable" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutHedgedItemsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsAbstract" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3418832_1_1"> Disclosure of detailed information about hedging instruments [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3418832_2_1"> Disclosure of detailed information about hedging instruments [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsAbstract" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418415_1_1"> Disclosure of detailed information about hedging instruments [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418415_2_1"> Summary of Carrying Amounts, the Fair Value and Schedule of Expected Reclassifications </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationAboutInventoriesExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationAboutInventoriesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationAboutInventoriesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521161_3_1"> The disclosure of detailed information about inventories. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationAboutInventoriesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521161_1_1"> Disclosure of detailed information about inventories [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationAboutInventoriesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521161_2_1"> Summary of Inventories </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationAboutInventoriesExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationAboutInventoriesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationAboutJudicialDepositsExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationAboutJudicialDepositsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationAboutJudicialDepositsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3516044_3_1"> The disclosure of detailed information about judicial deposits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationAboutJudicialDepositsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3516044_1_1"> Disclosure of detailed information about judicial deposits [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationAboutJudicialDepositsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3516044_2_1"> Summary of Judicial Deposits with Legal Proceedings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationAboutJudicialDepositsExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationAboutJudicialDepositsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationAboutOtherIncomeAndExpensesExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationAboutOtherIncomeAndExpensesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationAboutOtherIncomeAndExpensesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3516016_3_1"> Disclosure of detailed information about other income and expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationAboutOtherIncomeAndExpensesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3516016_1_1"> Disclosure of detailed information about other income and expenses [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationAboutOtherIncomeAndExpensesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3516016_2_1"> Summary of Other Income and Expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationAboutOtherIncomeAndExpensesExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationAboutOtherIncomeAndExpensesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418416_1_1"> Disclosure of detailed information about property, plant and equipment [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418416_2_1"> Summary of Property Plant and Equipment by Class of Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationAboutProvisionForProfitSharingExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationAboutProvisionForProfitSharingExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationAboutProvisionForProfitSharingExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553168_3_1"> The disclosure of detailed information about provision for profit sharing. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationAboutProvisionForProfitSharingExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553168_1_1"> Disclosure Of Detailed Information About Provision For Profit Sharing [table text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationAboutProvisionForProfitSharingExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553168_2_1"> Summary of Provision for Profit Sharing </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationAboutProvisionForProfitSharingExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationAboutProvisionForProfitSharingExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationAboutShortTermEmployeeBenefitsExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationAboutShortTermEmployeeBenefitsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationAboutShortTermEmployeeBenefitsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553152_3_1"> Disclosure of detailed information about short term employee benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationAboutShortTermEmployeeBenefitsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553152_1_1"> Disclosure Of detailed information about Short Term Employee Benefits[table text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationAboutShortTermEmployeeBenefitsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553152_2_1"> Summary of Short-term Benefits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationAboutShortTermEmployeeBenefitsExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationAboutShortTermEmployeeBenefitsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationOfCapitalisedExplorationAndWellCostsExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationOfCapitalisedExplorationAndWellCostsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationOfCapitalisedExplorationAndWellCostsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514729_3_1"> The disclosure of detailed information of capitalised exploration and well costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationOfCapitalisedExplorationAndWellCostsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514729_1_1"> Disclosure Of Detailed Information Of Capitalised Exploration And Well Costs [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationOfCapitalisedExplorationAndWellCostsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514729_2_1"> Summary of Capitalized Exploratory and Well Costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationOfCapitalisedExplorationAndWellCostsExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationOfCapitalisedExplorationAndWellCostsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationOfCostsAndExpensesByNatureExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationOfCostsAndExpensesByNatureExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationOfCostsAndExpensesByNatureExplanatory_lbl" xml:lang="en-US" id="id_14489302_3518675_3_1"> Disclosure of detailed information of costs and expenses by nature. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationOfCostsAndExpensesByNatureExplanatory_lbl" xml:lang="en-US" id="id_14489302_3518675_1_1"> Disclosure of Detailed Information of Costs and Expenses by Nature [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationOfCostsAndExpensesByNatureExplanatory_lbl" xml:lang="en-US" id="id_14489302_3518675_2_1"> Costs and Expenses by nature </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationOfCostsAndExpensesByNatureExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationOfCostsAndExpensesByNatureExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationOfExplorationAndEvaluationOfOilAndGasExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationOfExplorationAndEvaluationOfOilAndGasExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationOfExplorationAndEvaluationOfOilAndGasExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514743_3_1"> The disclosure of detailed information of exploration and evaluation of oil and gas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationOfExplorationAndEvaluationOfOilAndGasExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514743_1_1"> Disclosure of Detailed Information of Exploration and Evaluation of Oil and Gas [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationOfExplorationAndEvaluationOfOilAndGasExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514743_2_1"> Summary of Changes in Balances of Capitalized Costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationOfExplorationAndEvaluationOfOilAndGasExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationOfExplorationAndEvaluationOfOilAndGasExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationOfExplorationCostsOfOilAndGasAndEvaluationActivitiesExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationOfExplorationCostsOfOilAndGasAndEvaluationActivitiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationOfExplorationCostsOfOilAndGasAndEvaluationActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514735_3_1"> The disclosure of detailed information of exploration costs of oil and gas and evaluation activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationOfExplorationCostsOfOilAndGasAndEvaluationActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514735_1_1"> Disclosure Of Detailed Information Of Exploration Costs Of Oil And Gas And Evaluation Activities [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationOfExplorationCostsOfOilAndGasAndEvaluationActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514735_2_1"> Summary of Exploration Costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationOfExplorationCostsOfOilAndGasAndEvaluationActivitiesExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationOfExplorationCostsOfOilAndGasAndEvaluationActivitiesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationOfSupplementalCashFlowInformationExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationOfSupplementalCashFlowInformationExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationOfSupplementalCashFlowInformationExplanatory_lbl" xml:lang="en-US" id="id_14489302_3519586_3_1"> The disclosure of supplemental information on statement of cash flows. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationOfSupplementalCashFlowInformationExplanatory_lbl" xml:lang="en-US" id="id_14489302_3519586_1_1"> Disclosure of detailed information of supplemental cash flow information [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationOfSupplementalCashFlowInformationExplanatory_lbl" xml:lang="en-US" id="id_14489302_3519586_2_1"> Supplemental information on statement of cash flows </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationOfSupplementalCashFlowInformationExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationOfSupplementalCashFlowInformationExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationRelatingToNonCurrentProvisionForLegalProceedingsExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationRelatingToNonCurrentProvisionForLegalProceedingsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationRelatingToNonCurrentProvisionForLegalProceedingsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517205_3_1"> Disclosure of detailed information relating to the non-current provision for legal proceedings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationRelatingToNonCurrentProvisionForLegalProceedingsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517205_1_1"> Disclosure of detailed information relating to non current provision for legal proceedings explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationRelatingToNonCurrentProvisionForLegalProceedingsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517205_2_1"> Summary of Provisions for Legal Proceedings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationRelatingToNonCurrentProvisionForLegalProceedingsExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationRelatingToNonCurrentProvisionForLegalProceedingsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationRelatingToProvisionForJudicialDepositsExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationRelatingToProvisionForJudicialDepositsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationRelatingToProvisionForJudicialDepositsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521917_3_1"> Disclosure of detailed information relating to provision for judicial deposits explanatory. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationRelatingToProvisionForJudicialDepositsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521917_1_1"> Disclosure of detailed information relating to provision for judicial deposits explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationRelatingToProvisionForJudicialDepositsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521917_2_1"> Summary of Reconciliation of Judicial Deposits with Legal Proceedings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationRelatingToProvisionForJudicialDepositsExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationRelatingToProvisionForJudicialDepositsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailedInformationRelatingToProvisionForLegalProceedingsExplanatory" xlink:label="pbr_DisclosureOfDetailedInformationRelatingToProvisionForLegalProceedingsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailedInformationRelatingToProvisionForLegalProceedingsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514719_3_1"> The disclosure of detailed information relating to the provision for legal proceedings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailedInformationRelatingToProvisionForLegalProceedingsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514719_1_1"> Disclosure Of Detailed Information Relating To Provision For Legal Proceedings [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailedInformationRelatingToProvisionForLegalProceedingsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514719_2_1"> Summary of Reconciliation of Provisions for Legal Proceedings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailedInformationRelatingToProvisionForLegalProceedingsExplanatory" xlink:to="pbr_DisclosureOfDetailedInformationRelatingToProvisionForLegalProceedingsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailsOfFinanceIncomeExpenseAbstract" xlink:label="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3428954_3_1"> Disclosure of details of finance income expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3428954_1_1"> Disclosure of details of finance income expense [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3428954_2_1"> Disclosure of details of finance income expense [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseAbstract" xlink:to="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailsOfFinanceIncomeExpenseLineItems" xlink:label="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseLineItems_lbl" xml:lang="en-US" id="id_14489302_3428955_3_1"> Line items represents details of finance income expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseLineItems_lbl" xml:lang="en-US" id="id_14489302_3428955_1_1"> Disclosure of details of finance income expense [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseLineItems_lbl" xml:lang="en-US" id="id_14489302_3428955_2_1"> Disclosure of details of finance income expense [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseLineItems" xlink:to="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDetailsOfFinanceIncomeExpenseTable" xlink:label="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseTable_lbl" xml:lang="en-US" id="id_14489302_3473653_3_1"> Schedule of details of finance income expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseTable_lbl" xml:lang="en-US" id="id_14489302_3473653_1_1"> Disclosure of details of finance income expense [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseTable_lbl" xml:lang="en-US" id="id_14489302_3473653_2_1"> Disclosure of details of finance income expense [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseTable" xlink:to="pbr_DisclosureOfDetailsOfFinanceIncomeExpenseTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDisposalOfInterestsInSubsidiaryWithLossOfControlExplanatory" xlink:label="pbr_DisclosureOfDisposalOfInterestsInSubsidiaryWithLossOfControlExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDisposalOfInterestsInSubsidiaryWithLossOfControlExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553154_3_1"> Disclosure of disposal of interests in subsidiary with loss of control. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDisposalOfInterestsInSubsidiaryWithLossOfControlExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553154_1_1"> Disclosure of disposal of interests in subsidiary with loss of control [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDisposalOfInterestsInSubsidiaryWithLossOfControlExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553154_2_1"> Summary of Cash Flows From Sales of Interest With Loss of Control </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDisposalOfInterestsInSubsidiaryWithLossOfControlExplanatory" xlink:to="pbr_DisclosureOfDisposalOfInterestsInSubsidiaryWithLossOfControlExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDisposalsAbstract" xlink:label="pbr_DisclosureOfDisposalsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDisposalsAbstract_lbl" xml:lang="en-US" id="id_14489302_3427788_3_1"> Disclosure of disposals [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDisposalsAbstract_lbl" xml:lang="en-US" id="id_14489302_3427788_1_1"> Disclosure of disposals [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDisposalsAbstract_lbl" xml:lang="en-US" id="id_14489302_3427788_2_1"> Disclosure of disposals [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDisposalsAbstract" xlink:to="pbr_DisclosureOfDisposalsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDisposalsLineItems" xlink:label="pbr_DisclosureOfDisposalsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDisposalsLineItems_lbl" xml:lang="en-US" id="id_14489302_3427790_3_1"> Disclosure of disposals [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDisposalsLineItems_lbl" xml:lang="en-US" id="id_14489302_3427790_1_1"> Disclosure of disposals [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDisposalsLineItems_lbl" xml:lang="en-US" id="id_14489302_3427790_2_1"> Disclosure of disposals [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDisposalsLineItems" xlink:to="pbr_DisclosureOfDisposalsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfDisposalsTable" xlink:label="pbr_DisclosureOfDisposalsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfDisposalsTable_lbl" xml:lang="en-US" id="id_14489302_3475275_3_1"> Disclosure of disposals [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfDisposalsTable_lbl" xml:lang="en-US" id="id_14489302_3475275_1_1"> Disclosure of disposals [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfDisposalsTable_lbl" xml:lang="en-US" id="id_14489302_3475275_2_1"> Disclosure of disposals [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfDisposalsTable" xlink:to="pbr_DisclosureOfDisposalsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfDividendsExplanatory" xlink:label="ifrs-full_DisclosureOfDividendsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDividendsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418836_1_1"> Disclosure of dividends [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDividendsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418836_2_1"> Summary of Quarterly Distribution Of Interest On Capital </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDividendsExplanatory" xlink:to="ifrs-full_DisclosureOfDividendsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory" xlink:label="ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419054_1_1"> Disclosure of effect of changes in foreign exchange rates [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419054_2_1"> Summary of Effect of Changes in Foreign Exchange Rates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory" xlink:to="ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfEffectsOfUnitizationAgreementsExplanatory" xlink:label="pbr_DisclosureOfEffectsOfUnitizationAgreementsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfEffectsOfUnitizationAgreementsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553106_3_1"> Disclosure of effects of unitization agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfEffectsOfUnitizationAgreementsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553106_1_1"> Disclosure of effects of unitization agreements [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfEffectsOfUnitizationAgreementsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553106_2_1"> Summary of Effects of Unitization Agreements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfEffectsOfUnitizationAgreementsExplanatory" xlink:to="pbr_DisclosureOfEffectsOfUnitizationAgreementsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:label="ifrs-full_DisclosureOfEmployeeBenefitsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfEmployeeBenefitsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418423_1_1"> Disclosure of employee benefits [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfEmployeeBenefitsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418423_2_1"> Employee benefits (Post-Employment) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfEmployeeBenefitsExplanatory" xlink:to="ifrs-full_DisclosureOfEmployeeBenefitsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfEmployeeCompensationCostsAbstract" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsAbstract_lbl" xml:lang="en-US" id="id_14489302_3427874_3_1"> Disclosure of employees compensation costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsAbstract_lbl" xml:lang="en-US" id="id_14489302_3427874_1_1"> Disclosure of employee compensation costs [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsAbstract_lbl" xml:lang="en-US" id="id_14489302_3427874_2_1"> Disclosure of employee compensation costs [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfEmployeeCompensationCostsAbstract" xlink:to="pbr_DisclosureOfEmployeeCompensationCostsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfEmployeeCompensationCostsExplanatory" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3518424_3_1"> The entire disclosure of employee compensation costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3518424_1_1"> Disclosure Of Employee Compensation Costs [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3518424_2_1"> Summary of Compensation of Employees (Including Those Occupying Managerial Positions) and Officers </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfEmployeeCompensationCostsExplanatory" xlink:to="pbr_DisclosureOfEmployeeCompensationCostsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfEmployeeCompensationCostsLineItems" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsLineItems_lbl" xml:lang="en-US" id="id_14489302_3428753_3_1"> Disclosure of employee compensation costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsLineItems_lbl" xml:lang="en-US" id="id_14489302_3428753_1_1"> Disclosure of employee compensation costs [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsLineItems_lbl" xml:lang="en-US" id="id_14489302_3428753_2_1"> Disclosure of employee compensation costs [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfEmployeeCompensationCostsLineItems" xlink:to="pbr_DisclosureOfEmployeeCompensationCostsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfEmployeeCompensationCostsTable" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsTable_lbl" xml:lang="en-US" id="id_14489302_3473423_3_1"> Disclosure of employee compensation cost. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsTable_lbl" xml:lang="en-US" id="id_14489302_3473423_1_1"> Disclosure of employee compensation costs [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfEmployeeCompensationCostsTable_lbl" xml:lang="en-US" id="id_14489302_3473423_2_1"> Disclosure of employee compensation costs [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfEmployeeCompensationCostsTable" xlink:to="pbr_DisclosureOfEmployeeCompensationCostsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:label="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418841_1_1"> Disclosure of entity's operating segments [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418841_2_1"> Segment information </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:to="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfEventsAfterReportingPeriodAbstract" xlink:label="pbr_DisclosureOfEventsAfterReportingPeriodAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfEventsAfterReportingPeriodAbstract_lbl" xml:lang="en-US" id="id_14489302_3427284_3_1"> Disclosure of events after reporting period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfEventsAfterReportingPeriodAbstract_lbl" xml:lang="en-US" id="id_14489302_3427284_1_1"> Disclosure of Events After Reporting Period [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfEventsAfterReportingPeriodAbstract_lbl" xml:lang="en-US" id="id_14489302_3427284_2_1"> Disclosure of Events After Reporting Period [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfEventsAfterReportingPeriodAbstract" xlink:to="pbr_DisclosureOfEventsAfterReportingPeriodAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:label="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418842_1_1"> Disclosure of events after reporting period [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418842_2_1"> Subsequent events </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:to="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfEventsAfterReportingPeriodLineItems" xlink:label="pbr_DisclosureOfEventsAfterReportingPeriodLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfEventsAfterReportingPeriodLineItems_lbl" xml:lang="en-US" id="id_14489302_3427285_3_1"> Disclosure of events after reporting period line items. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfEventsAfterReportingPeriodLineItems_lbl" xml:lang="en-US" id="id_14489302_3427285_1_1"> Disclosure of Events After Reporting Period [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfEventsAfterReportingPeriodLineItems_lbl" xml:lang="en-US" id="id_14489302_3427285_2_1"> Disclosure of Events After Reporting Period [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfEventsAfterReportingPeriodLineItems" xlink:to="pbr_DisclosureOfEventsAfterReportingPeriodLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfEventsAfterReportingPeriodTable" xlink:label="pbr_DisclosureOfEventsAfterReportingPeriodTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfEventsAfterReportingPeriodTable_lbl" xml:lang="en-US" id="id_14489302_3474984_3_1"> Disclosure of events after reporting period table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfEventsAfterReportingPeriodTable_lbl" xml:lang="en-US" id="id_14489302_3474984_1_1"> Disclosure of Events After Reporting Period [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfEventsAfterReportingPeriodTable_lbl" xml:lang="en-US" id="id_14489302_3474984_2_1"> Disclosure of Events After Reporting Period [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfEventsAfterReportingPeriodTable" xlink:to="pbr_DisclosureOfEventsAfterReportingPeriodTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfExpectedImpactOnLeasesAfterApplicationOfNewStandardsOrInterpretationsTextBlock" xlink:label="pbr_DisclosureOfExpectedImpactOnLeasesAfterApplicationOfNewStandardsOrInterpretationsTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfExpectedImpactOnLeasesAfterApplicationOfNewStandardsOrInterpretationsTextBlock_lbl" xml:lang="en-US" id="id_14489302_3553132_3_1"> Disclosure of expected impact on leases after application of new standards or interpretations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfExpectedImpactOnLeasesAfterApplicationOfNewStandardsOrInterpretationsTextBlock_lbl" xml:lang="en-US" id="id_14489302_3553132_1_1"> Disclosure Of Expected Impact On Leases After Application Of New Standards Or Interpretations [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfExpectedImpactOnLeasesAfterApplicationOfNewStandardsOrInterpretationsTextBlock_lbl" xml:lang="en-US" id="id_14489302_3553132_2_1"> IFRS 16 - Leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfExpectedImpactOnLeasesAfterApplicationOfNewStandardsOrInterpretationsTextBlock" xlink:to="pbr_DisclosureOfExpectedImpactOnLeasesAfterApplicationOfNewStandardsOrInterpretationsTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfExpensesByNatureExplanatory" xlink:label="ifrs-full_DisclosureOfExpensesByNatureExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfExpensesByNatureExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419059_1_1"> Disclosure of expenses by nature [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfExpensesByNatureExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419059_2_1"> Costs and expenses by nature </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfExpensesByNatureExplanatory" xlink:to="ifrs-full_DisclosureOfExpensesByNatureExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419060_1_1"> Disclosure of exploration and evaluation assets [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419060_2_1"> Exploration and evaluation of oil and gas reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfExplorationAndEvaluationAssetsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfExplorationAndEvaluationOfOilAndGasAbstract" xlink:label="pbr_DisclosureOfExplorationAndEvaluationOfOilAndGasAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfExplorationAndEvaluationOfOilAndGasAbstract_lbl" xml:lang="en-US" id="id_14489302_3430535_3_1"> Disclosure of exploration and evaluation of oil and gas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfExplorationAndEvaluationOfOilAndGasAbstract_lbl" xml:lang="en-US" id="id_14489302_3430535_1_1"> Disclosure of Exploration and Evaluation of Oil and Gas [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfExplorationAndEvaluationOfOilAndGasAbstract_lbl" xml:lang="en-US" id="id_14489302_3430535_2_1"> Disclosure of Exploration and Evaluation of Oil and Gas [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfExplorationAndEvaluationOfOilAndGasAbstract" xlink:to="pbr_DisclosureOfExplorationAndEvaluationOfOilAndGasAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfExternalCreditExposuresAbstract" xlink:label="ifrs-full_DisclosureOfExternalCreditExposuresAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfExternalCreditExposuresAbstract_lbl" xml:lang="en-US" id="id_14489302_3418425_1_1"> Disclosure of external credit grades [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfExternalCreditExposuresAbstract_lbl" xml:lang="en-US" id="id_14489302_3418425_2_1"> Disclosure of external credit grades [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfExternalCreditExposuresAbstract" xlink:to="ifrs-full_DisclosureOfExternalCreditExposuresAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfExternalCreditExposuresExplanatory" xlink:label="ifrs-full_DisclosureOfExternalCreditExposuresExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfExternalCreditExposuresExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419061_1_1"> Disclosure of external credit grades [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfExternalCreditExposuresExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419061_2_1"> Summary of Credit Quality of Cash and Cash Equivalents, and Marketable Securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfExternalCreditExposuresExplanatory" xlink:to="ifrs-full_DisclosureOfExternalCreditExposuresExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfExternalCreditExposuresTable" xlink:label="ifrs-full_DisclosureOfExternalCreditExposuresTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfExternalCreditExposuresTable_lbl" xml:lang="en-US" id="id_14489302_3418426_1_1"> Disclosure of external credit grades [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfExternalCreditExposuresTable_lbl" xml:lang="en-US" id="id_14489302_3418426_2_1"> Disclosure of external credit grades [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfExternalCreditExposuresTable" xlink:to="ifrs-full_DisclosureOfExternalCreditExposuresTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3419063_1_1"> Disclosure of fair value measurement of assets [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3419063_2_1"> Disclosure of fair value measurement of assets [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract" xlink:to="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesAbstract" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3431070_3_1"> Disclosure of fair value measurement of assets and liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3431070_1_1"> Disclosure of fair value measurement of assets and liabilities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3431070_2_1"> Disclosure of fair value measurement of assets and liabilities [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesAbstract" xlink:to="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesExplanatory" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515464_3_1"> The disclosure of fair value measurement of assets and liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515464_1_1"> Disclosure of Fair Value Measurement of Assets and Liabilities [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515464_2_1"> Fair value measured of assets and liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesExplanatory" xlink:to="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesLineItems" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3431068_3_1"> Disclosure of fair value measurement of assets and liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3431068_1_1"> Disclosure of fair value measurement of assets and liabilities [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3431068_2_1"> Disclosure of fair value measurement of assets and liabilities [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesLineItems" xlink:to="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilityTable" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilityTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilityTable_lbl" xml:lang="en-US" id="id_14489302_3532419_3_1"> Disclosure of fair value measurement of assets and liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilityTable_lbl" xml:lang="en-US" id="id_14489302_3532419_1_1"> Disclosure of fair value measurement of assets and liability [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilityTable_lbl" xml:lang="en-US" id="id_14489302_3532419_2_1"> Disclosure of fair value measurement of assets and liability [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilityTable" xlink:to="pbr_DisclosureOfFairValueMeasurementOfAssetsAndLiabilityTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418428_1_1"> Disclosure of fair value measurement of assets [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418428_2_1"> Disclosure of fair value measurement of assets [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:to="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_lbl" xml:lang="en-US" id="id_14489302_3419064_1_1"> Disclosure of fair value measurement of assets [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_lbl" xml:lang="en-US" id="id_14489302_3419064_2_1"> Disclosure of fair value measurement of assets [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:to="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory" xlink:label="ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419068_1_1"> Disclosure of fair value of financial instruments [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419068_2_1"> Fair value of financial assets and liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfFinanceDebtAbstract" xlink:label="pbr_DisclosureOfFinanceDebtAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfFinanceDebtAbstract_lbl" xml:lang="en-US" id="id_14489302_3428952_3_1"> Disclosure of finance debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfFinanceDebtAbstract_lbl" xml:lang="en-US" id="id_14489302_3428952_1_1"> Disclosure of finance debt [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfFinanceDebtAbstract_lbl" xml:lang="en-US" id="id_14489302_3428952_2_1"> Disclosure of finance debt [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfFinanceDebtAbstract" xlink:to="pbr_DisclosureOfFinanceDebtAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfFinanceDebtExplanatory" xlink:label="pbr_DisclosureOfFinanceDebtExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfFinanceDebtExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514717_3_1"> The disclosure of finance debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfFinanceDebtExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514717_1_1"> Disclosure Of Finance Debt [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfFinanceDebtExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514717_2_1"> Summary of Maturity Schedule of the Company's Finance Debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfFinanceDebtExplanatory" xlink:to="pbr_DisclosureOfFinanceDebtExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfFinanceDebtLineItems" xlink:label="pbr_DisclosureOfFinanceDebtLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfFinanceDebtLineItems_lbl" xml:lang="en-US" id="id_14489302_3428953_3_1"> Line items represents information about finance debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfFinanceDebtLineItems_lbl" xml:lang="en-US" id="id_14489302_3428953_1_1"> Disclosure of finance debt [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfFinanceDebtLineItems_lbl" xml:lang="en-US" id="id_14489302_3428953_2_1"> Disclosure of finance debt [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfFinanceDebtLineItems" xlink:to="pbr_DisclosureOfFinanceDebtLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfFinanceDebtTable" xlink:label="pbr_DisclosureOfFinanceDebtTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfFinanceDebtTable_lbl" xml:lang="en-US" id="id_14489302_3473664_3_1"> Schedule of disclosure of finance debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfFinanceDebtTable_lbl" xml:lang="en-US" id="id_14489302_3473664_1_1"> Disclosure of finance debt [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfFinanceDebtTable_lbl" xml:lang="en-US" id="id_14489302_3473664_2_1"> Disclosure of finance debt [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfFinanceDebtTable" xlink:to="pbr_DisclosureOfFinanceDebtTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:label="ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419075_1_1"> Disclosure of finance income (cost) [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419075_2_1"> Net finance income (expense) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory" xlink:to="ifrs-full_DisclosureOfFinanceIncomeExpenseExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfFinanceLeasesExplanatory" xlink:label="pbr_DisclosureOfFinanceLeasesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfFinanceLeasesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515633_3_1"> The entire disclosure for finance leases. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfFinanceLeasesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515633_1_1"> Disclosure of Finance Leases Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfFinanceLeasesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515633_2_1"> Schedule of Future Minimum Lease Payments / Receipts - Finance Leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfFinanceLeasesExplanatory" xlink:to="pbr_DisclosureOfFinanceLeasesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3418657_1_1"> Disclosure of detailed information about financial instruments [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3418657_2_1"> Disclosure of detailed information about financial instruments [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xlink:to="ifrs-full_DisclosureOfFinancialInstrumentsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418662_1_1"> Disclosure of detailed information about financial instruments [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418662_2_1"> Disclosure of detailed information about financial instruments [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:to="ifrs-full_DisclosureOfFinancialInstrumentsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsTable_lbl" xml:lang="en-US" id="id_14489302_3418860_1_1"> Disclosure of detailed information about financial instruments [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsTable_lbl" xml:lang="en-US" id="id_14489302_3418860_2_1"> Disclosure of detailed information about financial instruments [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:to="ifrs-full_DisclosureOfFinancialInstrumentsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialRiskManagementExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418671_1_1"> Disclosure of financial risk management [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418671_2_1"> Risk management </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:to="ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfForeignCurrencyExchangeExposureAbstract" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureAbstract_lbl" xml:lang="en-US" id="id_14489302_3427272_3_1"> Disclosure of Foreign Currency Exchange Exposure [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureAbstract_lbl" xml:lang="en-US" id="id_14489302_3427272_1_1"> Disclosure of Foreign Currency Exchange Exposure [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureAbstract_lbl" xml:lang="en-US" id="id_14489302_3427272_2_1"> Disclosure of Foreign Currency Exchange Exposure [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfForeignCurrencyExchangeExposureAbstract" xlink:to="pbr_DisclosureOfForeignCurrencyExchangeExposureAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfForeignCurrencyExchangeExposureExplanatory" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517689_3_1"> The disclosure of foreign currency exchange exposure. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517689_1_1"> Disclosure of Foreign Currency Exchange Exposure Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517689_2_1"> Summary of Sensitivity Analysis for Foreign Exchange Risk on Financial Instruments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfForeignCurrencyExchangeExposureExplanatory" xlink:to="pbr_DisclosureOfForeignCurrencyExchangeExposureExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfForeignCurrencyExchangeExposureLineItems" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureLineItems_lbl" xml:lang="en-US" id="id_14489302_3427276_3_1"> Disclosure Of Foreign Currency Exchange Exposure [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureLineItems_lbl" xml:lang="en-US" id="id_14489302_3427276_1_1"> Disclosure Of Foreign Currency Exchange Exposure [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureLineItems_lbl" xml:lang="en-US" id="id_14489302_3427276_2_1"> Disclosure Of Foreign Currency Exchange Exposure [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfForeignCurrencyExchangeExposureLineItems" xlink:to="pbr_DisclosureOfForeignCurrencyExchangeExposureLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfForeignCurrencyExchangeExposureTable" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureTable_lbl" xml:lang="en-US" id="id_14489302_3474975_3_1"> Disclosure of foreign currency exchange. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureTable_lbl" xml:lang="en-US" id="id_14489302_3474975_1_1"> Disclosure of Foreign Currency Exchange Exposure [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfForeignCurrencyExchangeExposureTable_lbl" xml:lang="en-US" id="id_14489302_3474975_2_1"> Disclosure of Foreign Currency Exchange Exposure [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfForeignCurrencyExchangeExposureTable" xlink:to="pbr_DisclosureOfForeignCurrencyExchangeExposureTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfImpactsOfTaxSettlementProgramsWithinStatementOfIncomeExplanatory" xlink:label="pbr_DisclosureOfImpactsOfTaxSettlementProgramsWithinStatementOfIncomeExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfImpactsOfTaxSettlementProgramsWithinStatementOfIncomeExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521894_3_1"> Disclosure of impacts of tax settlement programs within statement of income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfImpactsOfTaxSettlementProgramsWithinStatementOfIncomeExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521894_1_1"> Disclosure of impacts of tax settlement programs within statement of income Explanatory [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfImpactsOfTaxSettlementProgramsWithinStatementOfIncomeExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521894_2_1"> Schedule of Impacts of Tax Settlement Programs within Statement of Income of 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfImpactsOfTaxSettlementProgramsWithinStatementOfIncomeExplanatory" xlink:to="pbr_DisclosureOfImpactsOfTaxSettlementProgramsWithinStatementOfIncomeExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xlink:label="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract_lbl" xml:lang="en-US" id="id_14489302_3418865_1_1"> Disclosure of impairment loss and reversal of impairment loss [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract_lbl" xml:lang="en-US" id="id_14489302_3418865_2_1"> Disclosure of impairment loss and reversal of impairment loss [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract" xlink:to="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory" xlink:label="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418866_1_1"> Disclosure of impairment loss and reversal of impairment loss [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418866_2_1"> Schedule of Impairment Losses, Net of Reversals, Recognized Within Statement of Income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory" xlink:to="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems" xlink:label="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems_lbl" xml:lang="en-US" id="id_14489302_3418867_1_1"> Disclosure of impairment loss and reversal of impairment loss [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems_lbl" xml:lang="en-US" id="id_14489302_3418867_2_1"> Disclosure of impairment loss and reversal of impairment loss [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems" xlink:to="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossTable" xlink:label="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossTable_lbl" xml:lang="en-US" id="id_14489302_3418676_1_1"> Disclosure of impairment loss and reversal of impairment loss [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfImpairmentLossAndReversalOfImpairmentLossTable_lbl" xml:lang="en-US" id="id_14489302_3418676_2_1"> Disclosure of impairment loss and reversal of impairment loss [table] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitTable" xlink:label="ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitTable_lbl" xml:lang="en-US" id="id_14489302_3418464_1_1"> Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfInformationForEachMaterialImpairmentLossRecognisedOrReversedForIndividualAssetOrCashgeneratingUnitTable_lbl" xml:lang="en-US" id="id_14489302_3418464_2_1"> Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [table] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3426925_3_1"> Disclosure of information for individual asset or cash-generating unit with significant amount of property plant and equipment and intangible assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3426925_1_1"> Disclosure of information for individual asset or cash-generating unit with significant amount of property plant and equipment and intangible assets [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3426925_2_1"> Disclosure of information for individual asset or cash-generating unit with significant amount of property plant and equipment and intangible assets [abstract] </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInformationForIndividualAssetOrCashGeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashGeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashGeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514745_3_1"> The disclosure of information for individual assets or cash generating units with significant amounts of property, plant and equipment and intangible assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashGeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514745_1_1"> Disclosure Of Information For Individual Asset Or Cash generating Unit With Significant Amount Of Property Plant And Equipment And Intangible Assets Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashGeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514745_2_1"> Schedule of Cash Flow Projections Used To Measure the Value in Use of CGUs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfInformationForIndividualAssetOrCashGeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory" xlink:to="pbr_DisclosureOfInformationForIndividualAssetOrCashGeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsLineItems" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsLineItems_lbl" xml:lang="en-US" id="id_14489302_3426926_3_1"> Disclosure of information for individual asset or cash-generating unit with significant amount of property plant and equipment and intangible assets [line items]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsLineItems_lbl" xml:lang="en-US" id="id_14489302_3426926_1_1"> Disclosure of information for individual asset or cash-generating unit with significant amount of property plant and equipment and intangible assets [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsLineItems_lbl" xml:lang="en-US" id="id_14489302_3426926_2_1"> Disclosure of information for individual asset or cash-generating unit with significant amount of property plant and equipment and intangible assets [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsLineItems" xlink:to="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsTable" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsTable_lbl" xml:lang="en-US" id="id_14489302_3474851_3_1"> Disclosure of information for individual asset or cash-generating unit with significant amount of property plant and equipment and intangible assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsTable_lbl" xml:lang="en-US" id="id_14489302_3474851_1_1"> Disclosure of information for individual asset or cash-generating unit with significant amount of property plant and equipment and intangible assets [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsTable_lbl" xml:lang="en-US" id="id_14489302_3474851_2_1"> Disclosure of Information for Individual Asset or Cash-Generating Unit with Significant Amount of Property Plant and Equipment and Intangible Assets [Table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsTable" xlink:to="pbr_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfPropertyPlantAndEquipmentAndIntangibleAssetsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsAbstract" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3418467_1_1"> Disclosure of detailed information about intangible assets [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3418467_2_1"> Disclosure of Detailed Information about Intangible Assets [Abstract] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419130_1_1"> Disclosure of intangible assets [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419130_2_1"> Intangible assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfIntangibleAssetsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfIntangibleAssetsOfExplorationAbstract" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExplorationAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExplorationAbstract_lbl" xml:lang="en-US" id="id_14489302_3430550_3_1"> Disclosure of intangible assets of exploration. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExplorationAbstract_lbl" xml:lang="en-US" id="id_14489302_3430550_1_1"> Disclosure Of Intangible Assets Of Exploration [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExplorationAbstract_lbl" xml:lang="en-US" id="id_14489302_3430550_2_1"> Disclosure Of Intangible Assets Of Exploration [abstract] </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfIntangibleAssetsOfExplorationLineItems" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExplorationLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExplorationLineItems_lbl" xml:lang="en-US" id="id_14489302_3430549_3_1"> Disclosure of intangible assets of exploration . </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExplorationLineItems_lbl" xml:lang="en-US" id="id_14489302_3430549_1_1"> Disclosure Of Intangible Assets Of Exploration [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExplorationLineItems_lbl" xml:lang="en-US" id="id_14489302_3430549_2_1"> Disclosure Of Intangible Assets Of Exploration [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfIntangibleAssetsOfExplorationLineItems" xlink:to="pbr_DisclosureOfIntangibleAssetsOfExplorationLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfIntangibleAssetsOfExplorationTable" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExplorationTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExplorationTable_lbl" xml:lang="en-US" id="id_14489302_3474142_3_1"> Disclosure of intangible assets of exploration. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExplorationTable_lbl" xml:lang="en-US" id="id_14489302_3474142_1_1"> Disclosure Of Intangible Assets Of Exploration [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExplorationTable_lbl" xml:lang="en-US" id="id_14489302_3474142_2_1"> Disclosure Of Intangible Assets Of Exploration [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfIntangibleAssetsOfExplorationTable" xlink:to="pbr_DisclosureOfIntangibleAssetsOfExplorationTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfIntangibleAssetsOfExploratoryPhaseExplanatory" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExploratoryPhaseExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExploratoryPhaseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553120_3_1"> Disclosure of intangible assets of exploratory phase. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExploratoryPhaseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553120_1_1"> Disclosure of intangible assets of exploratory phase [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfIntangibleAssetsOfExploratoryPhaseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553120_2_1"> Summary of Exploratory Phases </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInterestsInIndirectSubsidiaryAndAssociatesExplanatory" xlink:label="pbr_DisclosureOfInterestsInIndirectSubsidiaryAndAssociatesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInterestsInIndirectSubsidiaryAndAssociatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517196_3_1"> The disclosure of interests in an indirect subsidiary and associates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInterestsInIndirectSubsidiaryAndAssociatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517196_1_1"> Disclosure of Interests in Indirect Subsidiary and Associates [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInterestsInIndirectSubsidiaryAndAssociatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517196_2_1"> Summary of Investments in Listed Companies </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInventoriesAbstract" xlink:label="pbr_DisclosureOfInventoriesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInventoriesAbstract_lbl" xml:lang="en-US" id="id_14489302_3428216_3_1"> Disclosure of inventories </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInventoriesAbstract_lbl" xml:lang="en-US" id="id_14489302_3428216_1_1"> Disclosure of inventories [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInventoriesAbstract_lbl" xml:lang="en-US" id="id_14489302_3428216_2_1"> Disclosure of inventories [abstract] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfInventoriesExplanatory" xlink:label="ifrs-full_DisclosureOfInventoriesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInventoriesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419135_1_1"> Disclosure of inventories [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfInventoriesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419135_2_1"> Inventories </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesExplanatory" xlink:label="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514764_3_1"> The disclosure of an investigation and its effects on company activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514764_1_1"> Disclosure Of Investigation And Its Effects On Company Activities Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514764_2_1"> The "Lava Jato (Car Wash) Operation" and its effects on the Company </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesLineitemsLineItems" xlink:label="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesLineitemsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesLineitemsLineItems_lbl" xml:lang="en-US" id="id_14489302_3430509_3_1"> Disclosure of investigation and its effects on company activities line items. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesLineitemsLineItems_lbl" xml:lang="en-US" id="id_14489302_3430509_1_1"> Disclosure of Investigation and its effects on company activities LineItems [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesLineitemsLineItems_lbl" xml:lang="en-US" id="id_14489302_3430509_2_1"> Disclosure of Investigation and its effects on company activities LineItems [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesLineitemsLineItems" xlink:to="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesLineitemsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesTable" xlink:label="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesTable_lbl" xml:lang="en-US" id="id_14489302_3474163_3_1"> Disclosure of Investigation and Its Effects on Company Activities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesTable_lbl" xml:lang="en-US" id="id_14489302_3474163_1_1"> Disclosure of Investigation and Its Effects on Company Activities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesTable_lbl" xml:lang="en-US" id="id_14489302_3474163_2_1"> Disclosure of Investigation and Its Effects on Company Activities [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesTable" xlink:to="pbr_DisclosureOfInvestigationAndItsEffectsOnCompanyActivitiesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInvestmentLineItems" xlink:label="pbr_DisclosureOfInvestmentLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInvestmentLineItems_lbl" xml:lang="en-US" id="id_14489302_3427605_3_1"> Disclosure of investment [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInvestmentLineItems_lbl" xml:lang="en-US" id="id_14489302_3427605_1_1"> Disclosure of investment [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInvestmentLineItems_lbl" xml:lang="en-US" id="id_14489302_3427605_2_1"> Disclosure of investment [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfInvestmentLineItems" xlink:to="pbr_DisclosureOfInvestmentLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:label="ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418727_1_1"> Disclosure of investments accounted for using equity method [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418727_2_1"> Summary of Investments in Associates and Joint Ventures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory" xlink:to="ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesAbstract" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430531_3_1"> Disclosure of investments information in subsidiaries joint arrangements and associates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430531_1_1"> Disclosure Of Investments Information In Subsidiaries Joint Arrangements And Associates [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430531_2_1"> Disclosure Of Investments Information In Subsidiaries Joint Arrangements And Associates [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesAbstract" xlink:to="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesExplanatory" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514751_3_1"> The disclosure of information on direct subsidiaries, joint arrangements and associates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514751_1_1"> Disclosure Of Investments Information In Subsidiaries Joint Arrangements And Associates[table text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514751_2_1"> Summary of Information on Direct Subsidiaries, Joint Arrangements and Associates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesExplanatory" xlink:to="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesLineItems" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430523_3_1"> Line items representing investments information in subsidiaries joint arrangements and associates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430523_1_1"> Disclosure Of Investments Information In Subsidiaries Joint Arrangements And Associates [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430523_2_1"> Disclosure Of Investments Information In Subsidiaries Joint Arrangements And Associates [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesLineItems" xlink:to="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesTable" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesTable_lbl" xml:lang="en-US" id="id_14489302_3474149_3_1"> Table representing disclosure of investments information in subsidiaries joint arrangements and associates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesTable_lbl" xml:lang="en-US" id="id_14489302_3474149_1_1"> Disclosure Of Investments Information In Subsidiaries Joint Arrangements And Associates [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesTable_lbl" xml:lang="en-US" id="id_14489302_3474149_2_1"> Disclosure Of Investments Information In Subsidiaries Joint Arrangements And Associates [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesTable" xlink:to="pbr_DisclosureOfInvestmentsInformationInSubsidiariesJointArrangementsAndAssociatesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfInvestmentTable" xlink:label="pbr_DisclosureOfInvestmentTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfInvestmentTable_lbl" xml:lang="en-US" id="id_14489302_3475114_3_1"> Disclosure of investment [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfInvestmentTable_lbl" xml:lang="en-US" id="id_14489302_3475114_1_1"> Disclosure of investment [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfInvestmentTable_lbl" xml:lang="en-US" id="id_14489302_3475114_2_1"> Disclosure of investment [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfInvestmentTable" xlink:to="pbr_DisclosureOfInvestmentTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfJointVenturesAbstract" xlink:label="ifrs-full_DisclosureOfJointVenturesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfJointVenturesAbstract_lbl" xml:lang="en-US" id="id_14489302_3418730_1_1"> Disclosure of joint ventures [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfJointVenturesAbstract_lbl" xml:lang="en-US" id="id_14489302_3418730_2_1"> Disclosure of joint ventures [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfJointVenturesAbstract" xlink:to="ifrs-full_DisclosureOfJointVenturesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfJointVenturesAndAssociatesExplanatory" xlink:label="pbr_DisclosureOfJointVenturesAndAssociatesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfJointVenturesAndAssociatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3516347_3_1"> The entire disclosure of joint ventures and associates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfJointVenturesAndAssociatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3516347_1_1"> Disclosure Of Joint Ventures And Associates Explanatory [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfJointVenturesAndAssociatesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3516347_2_1"> Summarized Information on Joint Ventures and Associates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfJointVenturesAndAssociatesExplanatory" xlink:to="pbr_DisclosureOfJointVenturesAndAssociatesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfJointVenturesLineItems" xlink:label="ifrs-full_DisclosureOfJointVenturesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfJointVenturesLineItems_lbl" xml:lang="en-US" id="id_14489302_3419136_1_1"> Disclosure of joint ventures [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfJointVenturesLineItems_lbl" xml:lang="en-US" id="id_14489302_3419136_2_1"> Disclosure of joint ventures [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfJointVenturesLineItems" xlink:to="ifrs-full_DisclosureOfJointVenturesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfJointVenturesTable" xlink:label="ifrs-full_DisclosureOfJointVenturesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfJointVenturesTable_lbl" xml:lang="en-US" id="id_14489302_3418477_1_1"> Disclosure of joint ventures [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfJointVenturesTable_lbl" xml:lang="en-US" id="id_14489302_3418477_2_1"> Disclosure of joint ventures [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfJointVenturesTable" xlink:to="ifrs-full_DisclosureOfJointVenturesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfKeyManagementPersonnelCompensationAbstract" xlink:label="pbr_DisclosureOfKeyManagementPersonnelCompensationAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfKeyManagementPersonnelCompensationAbstract_lbl" xml:lang="en-US" id="id_14489302_3431532_3_1"> Disclosure of key management personnel compensation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfKeyManagementPersonnelCompensationAbstract_lbl" xml:lang="en-US" id="id_14489302_3431532_1_1"> Disclosure of key management personnel compensation [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfKeyManagementPersonnelCompensationAbstract_lbl" xml:lang="en-US" id="id_14489302_3431532_2_1"> Disclosure of key management personnel compensation [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfKeyManagementPersonnelCompensationAbstract" xlink:to="pbr_DisclosureOfKeyManagementPersonnelCompensationAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfKeyManagementPersonnelCompensationLineItems" xlink:label="pbr_DisclosureOfKeyManagementPersonnelCompensationLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfKeyManagementPersonnelCompensationLineItems_lbl" xml:lang="en-US" id="id_14489302_3431531_3_1"> Disclosure of key management personnel compensation line items. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfKeyManagementPersonnelCompensationLineItems_lbl" xml:lang="en-US" id="id_14489302_3431531_1_1"> Disclosure of key management personnel compensation [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfKeyManagementPersonnelCompensationLineItems_lbl" xml:lang="en-US" id="id_14489302_3431531_2_1"> Disclosure of key management personnel compensation [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfKeyManagementPersonnelCompensationLineItems" xlink:to="pbr_DisclosureOfKeyManagementPersonnelCompensationLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfKeyManagementPersonnelCompensationTable" xlink:label="pbr_DisclosureOfKeyManagementPersonnelCompensationTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfKeyManagementPersonnelCompensationTable_lbl" xml:lang="en-US" id="id_14489302_3474476_3_1"> Disclosure of key management personnel compensation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfKeyManagementPersonnelCompensationTable_lbl" xml:lang="en-US" id="id_14489302_3474476_1_1"> Disclosure of key management personnel compensation [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfKeyManagementPersonnelCompensationTable_lbl" xml:lang="en-US" id="id_14489302_3474476_2_1"> Disclosure of key management personnel compensation [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfKeyManagementPersonnelCompensationTable" xlink:to="pbr_DisclosureOfKeyManagementPersonnelCompensationTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfLeasesExplanatory" xlink:label="ifrs-full_DisclosureOfLeasesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfLeasesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419138_1_1"> Disclosure of leases [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfLeasesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419138_2_1"> Leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfLeasesExplanatory" xlink:to="ifrs-full_DisclosureOfLeasesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfLeasesLineItems" xlink:label="pbr_DisclosureOfLeasesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfLeasesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430572_3_1"> Disclosure Of Leases. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfLeasesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430572_1_1"> Disclosure Of Leases [Line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfLeasesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430572_2_1"> Disclosure Of Leases [Line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfLeasesLineItems" xlink:to="pbr_DisclosureOfLeasesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfLeasesTable" xlink:label="pbr_DisclosureOfLeasesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfLeasesTable_lbl" xml:lang="en-US" id="id_14489302_3474130_3_1"> Accounting policies </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfLeasesTable_lbl" xml:lang="en-US" id="id_14489302_3474130_1_1"> Disclosure Of Leases [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfLeasesTable_lbl" xml:lang="en-US" id="id_14489302_3474130_2_1"> Disclosure Of Leases [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfLeasesTable" xlink:to="pbr_DisclosureOfLeasesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfLineOfCreditFacilityExplanatory" xlink:label="pbr_DisclosureOfLineOfCreditFacilityExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfLineOfCreditFacilityExplanatory_lbl" xml:lang="en-US" id="id_14489302_3520583_3_1"> The disclosure of the line of credit facility. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfLineOfCreditFacilityExplanatory_lbl" xml:lang="en-US" id="id_14489302_3520583_1_1"> Disclosure Of Line of Credit Facility Explanatory [Text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfLineOfCreditFacilityExplanatory_lbl" xml:lang="en-US" id="id_14489302_3520583_2_1"> Lines of Credit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfLineOfCreditFacilityExplanatory" xlink:to="pbr_DisclosureOfLineOfCreditFacilityExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfLongTermDebtAbstract" xlink:label="pbr_DisclosureOfLongTermDebtAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfLongTermDebtAbstract_lbl" xml:lang="en-US" id="id_14489302_3428872_3_1"> Disclosure of long term debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfLongTermDebtAbstract_lbl" xml:lang="en-US" id="id_14489302_3428872_1_1"> Disclosure of long term debt [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfLongTermDebtAbstract_lbl" xml:lang="en-US" id="id_14489302_3428872_2_1"> Disclosure of long term debt [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfLongTermDebtAbstract" xlink:to="pbr_DisclosureOfLongTermDebtAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfLongTermDebtLineItems" xlink:label="pbr_DisclosureOfLongTermDebtLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfLongTermDebtLineItems_lbl" xml:lang="en-US" id="id_14489302_3530598_3_1"> Line items of long term debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfLongTermDebtLineItems_lbl" xml:lang="en-US" id="id_14489302_3530598_1_1"> Disclosure of long term debt [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfLongTermDebtLineItems_lbl" xml:lang="en-US" id="id_14489302_3530598_2_1"> Disclosure of long term debt [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfLongTermDebtLineItems" xlink:to="pbr_DisclosureOfLongTermDebtLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfLongTermDebtTable" xlink:label="pbr_DisclosureOfLongTermDebtTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfLongTermDebtTable_lbl" xml:lang="en-US" id="id_14489302_3530535_3_1"> Disclosure of long term debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfLongTermDebtTable_lbl" xml:lang="en-US" id="id_14489302_3530535_1_1"> Disclosure of long term debt [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfLongTermDebtTable_lbl" xml:lang="en-US" id="id_14489302_3530535_2_1"> Disclosure of long term debt [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfLongTermDebtTable" xlink:to="pbr_DisclosureOfLongTermDebtTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfMarketableSecuritiesAbstract" xlink:label="pbr_DisclosureOfMarketableSecuritiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfMarketableSecuritiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430518_3_1"> Disclosure of Marketable Securities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfMarketableSecuritiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430518_1_1"> Disclosure of Marketable Securities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfMarketableSecuritiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430518_2_1"> Disclosure of Marketable Securities [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfMarketableSecuritiesAbstract" xlink:to="pbr_DisclosureOfMarketableSecuritiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfMarketableSecuritiesExplanatory" xlink:label="pbr_DisclosureOfMarketableSecuritiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfMarketableSecuritiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515417_3_1"> The disclosure of marketable securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfMarketableSecuritiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515417_1_1"> Disclosure of Marketable Securities Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfMarketableSecuritiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515417_2_1"> Schedule of Marketable Securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfMarketableSecuritiesExplanatory" xlink:to="pbr_DisclosureOfMarketableSecuritiesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfMarketableSecuritiesLineItems" xlink:label="pbr_DisclosureOfMarketableSecuritiesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfMarketableSecuritiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3427064_3_1"> Disclosure of Marketable Securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfMarketableSecuritiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3427064_1_1"> Disclosure of Marketable Securities [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfMarketableSecuritiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3427064_2_1"> Disclosure of Marketable Securities [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfMarketableSecuritiesLineItems" xlink:to="pbr_DisclosureOfMarketableSecuritiesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfMarketableSecuritiesTable" xlink:label="pbr_DisclosureOfMarketableSecuritiesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfMarketableSecuritiesTable_lbl" xml:lang="en-US" id="id_14489302_3474157_3_1"> Disclosure of Marketable Securities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfMarketableSecuritiesTable_lbl" xml:lang="en-US" id="id_14489302_3474157_1_1"> Disclosure of Marketable Securities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfMarketableSecuritiesTable_lbl" xml:lang="en-US" id="id_14489302_3474157_2_1"> Disclosure of Marketable Securities [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfMarketableSecuritiesTable" xlink:to="pbr_DisclosureOfMarketableSecuritiesTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfMarketRiskExplanatory" xlink:label="ifrs-full_DisclosureOfMarketRiskExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfMarketRiskExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418901_1_1"> Disclosure of market risk [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfMarketRiskExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418901_2_1"> Summary of Sensitivity Analysis of the Derivative Financial Instruments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfMarketRiskExplanatory" xlink:to="ifrs-full_DisclosureOfMarketRiskExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansExplanatory" xlink:label="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517256_3_1"> The disclosure of maturity analysis of pension and other defined benefit plans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517256_1_1"> Disclosure of maturity analysis of pension and other defined benefit plans explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansExplanatory_lbl" xml:lang="en-US" id="id_14489302_3517256_2_1"> Summary of Expected Maturity Analysis of Pension and Medical Benefits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansExplanatory" xlink:to="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansLineItems" xlink:label="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansLineItems_lbl" xml:lang="en-US" id="id_14489302_3426962_3_1"> Line items represent concepts included in a table. Maturity analysis of pension and other defined benefit plans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansLineItems_lbl" xml:lang="en-US" id="id_14489302_3426962_1_1"> Disclosure of maturity analysis of pension and other defined benefit plans [line Items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansLineItems_lbl" xml:lang="en-US" id="id_14489302_3426962_2_1"> Disclosure of maturity analysis of pension and other defined benefit plans [line Items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansLineItems" xlink:to="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansTable" xlink:label="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansTable_lbl" xml:lang="en-US" id="id_14489302_3474877_3_1"> Disclosure of maturity analysis of pension and other defined benefit plans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansTable_lbl" xml:lang="en-US" id="id_14489302_3474877_1_1"> Disclosure of maturity analysis of pension and other defined benefit plans [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansTable_lbl" xml:lang="en-US" id="id_14489302_3474877_2_1"> Disclosure of maturity analysis of pension and other defined benefit plans [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansTable" xlink:to="pbr_DisclosureOfMaturityAnalysisOfPensionAndOtherDefinedBenefitPlansTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfMovementsInAssetsAndActuarialLiabilitiesFairValueOfAssetsExplanatory" xlink:label="pbr_DisclosureOfMovementsInAssetsAndActuarialLiabilitiesFairValueOfAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfMovementsInAssetsAndActuarialLiabilitiesFairValueOfAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553182_3_1"> Disclosure of movements in assets and actuarial liabilities fair value of assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfMovementsInAssetsAndActuarialLiabilitiesFairValueOfAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553182_1_1"> Disclosure of movements in assets and actuarial liabilities fair value of assets [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfMovementsInAssetsAndActuarialLiabilitiesFairValueOfAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3553182_2_1"> Summary of Movements of the Events </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfMovementsInAssetsAndActuarialLiabilitiesFairValueOfAssetsExplanatory" xlink:to="pbr_DisclosureOfMovementsInAssetsAndActuarialLiabilitiesFairValueOfAssetsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems" xlink:label="ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418910_1_1"> Disclosure of nature and extent of risks arising from financial instruments [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418910_2_1"> Disclosure of nature and extent of risks arising from financial instruments [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems" xlink:to="ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsTable" xlink:label="ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsTable_lbl" xml:lang="en-US" id="id_14489302_3418911_1_1"> Disclosure of nature and extent of risks arising from financial instruments [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsTable_lbl" xml:lang="en-US" id="id_14489302_3418911_2_1"> Disclosure of nature and extent of risks arising from financial instruments [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsTable" xlink:to="ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfNatureOfContingentLiabilitiesExplanatory" xlink:label="pbr_DisclosureOfNatureOfContingentLiabilitiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfNatureOfContingentLiabilitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514722_3_1"> The disclosure of the nature of contingent liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfNatureOfContingentLiabilitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514722_1_1"> Disclosure Of Nature Of Contingent Liabilities [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfNatureOfContingentLiabilitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514722_2_1"> Summary of Nature of Contingent Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfNatureOfContingentLiabilitiesExplanatory" xlink:to="pbr_DisclosureOfNatureOfContingentLiabilitiesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfNatureOfContingentLiabilitiesLineItems" xlink:label="pbr_DisclosureOfNatureOfContingentLiabilitiesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfNatureOfContingentLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430664_3_1"> Disclosure of nature of contingent liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfNatureOfContingentLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430664_1_1"> Disclosure Of Nature Of Contingent Liabilities [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfNatureOfContingentLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430664_2_1"> Disclosure Of Nature Of Contingent Liabilities [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfNatureOfContingentLiabilitiesLineItems" xlink:to="pbr_DisclosureOfNatureOfContingentLiabilitiesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfNatureOfContingentLiabilitiesTable" xlink:label="pbr_DisclosureOfNatureOfContingentLiabilitiesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfNatureOfContingentLiabilitiesTable_lbl" xml:lang="en-US" id="id_14489302_3474133_3_1"> Disclosure Of Nature Of Contingent Liabilities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfNatureOfContingentLiabilitiesTable_lbl" xml:lang="en-US" id="id_14489302_3474133_1_1"> Disclosure Of Nature Of Contingent Liabilities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfNatureOfContingentLiabilitiesTable_lbl" xml:lang="en-US" id="id_14489302_3474133_2_1"> Disclosure Of Nature Of Contingent Liabilities [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfNatureOfContingentLiabilitiesTable" xlink:to="pbr_DisclosureOfNatureOfContingentLiabilitiesTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetAbstract" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetAbstract_lbl" xml:lang="en-US" id="id_14489302_3419412_1_1"> Disclosure of net defined benefit liability (asset) [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetAbstract_lbl" xml:lang="en-US" id="id_14489302_3419412_2_1"> Disclosure of net defined benefit liability (asset) [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetAbstract" xlink:to="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418914_1_1"> Disclosure of net defined benefit liability (asset) [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418914_2_1"> Summary of Employee Benefits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" xlink:to="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems_lbl" xml:lang="en-US" id="id_14489302_3418491_1_1"> Disclosure of net defined benefit liability (asset) [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems_lbl" xml:lang="en-US" id="id_14489302_3418491_2_1"> Disclosure of net defined benefit liability (asset) [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems" xlink:to="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetTable" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetTable_lbl" xml:lang="en-US" id="id_14489302_3418915_1_1"> Disclosure of net defined benefit liability (asset) [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetTable_lbl" xml:lang="en-US" id="id_14489302_3418915_2_1"> Disclosure of net defined benefit liability (asset) [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetTable" xlink:to="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfNetSalesAbstract" xlink:label="pbr_DisclosureOfNetSalesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfNetSalesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430725_3_1"> Disclosure of net sales. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfNetSalesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430725_1_1"> Disclosure of net sales [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfNetSalesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430725_2_1"> Disclosure of net sales [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfNetSalesAbstract" xlink:to="pbr_DisclosureOfNetSalesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfNetSalesLineItems" xlink:label="pbr_DisclosureOfNetSalesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfNetSalesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430723_3_1"> Disclosure of net sales line item. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfNetSalesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430723_1_1"> Disclosure Of Net Sales [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfNetSalesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430723_2_1"> Disclosure Of Net Sales [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfNetSalesLineItems" xlink:to="pbr_DisclosureOfNetSalesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfNetSalesTable" xlink:label="pbr_DisclosureOfNetSalesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfNetSalesTable_lbl" xml:lang="en-US" id="id_14489302_3474245_3_1"> Disclosure of net sales table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfNetSalesTable_lbl" xml:lang="en-US" id="id_14489302_3474245_1_1"> Disclosure of Net Sales [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfNetSalesTable_lbl" xml:lang="en-US" id="id_14489302_3474245_2_1"> Disclosure of Net Sales [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfNetSalesTable" xlink:to="pbr_DisclosureOfNetSalesTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:label="ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419157_1_1"> Disclosure of non-controlling interests [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419157_2_1"> Summary of Condensed Financial Information </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory" xlink:to="ifrs-full_DisclosureOfNoncontrollingInterestsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfNoncontrollingInterestsLineItems" xlink:label="pbr_DisclosureOfNoncontrollingInterestsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfNoncontrollingInterestsLineItems_lbl" xml:lang="en-US" id="id_14489302_3428507_3_1"> Disclosure of non-controlling interests Line Items </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfNoncontrollingInterestsLineItems_lbl" xml:lang="en-US" id="id_14489302_3428507_1_1"> Disclosure of noncontrolling interests [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfNoncontrollingInterestsLineItems_lbl" xml:lang="en-US" id="id_14489302_3428507_2_1"> Disclosure of noncontrolling interests [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfNoncontrollingInterestsLineItems" xlink:to="pbr_DisclosureOfNoncontrollingInterestsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfNoncontrollingInterestsTable" xlink:label="pbr_DisclosureOfNoncontrollingInterestsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfNoncontrollingInterestsTable_lbl" xml:lang="en-US" id="id_14489302_3473318_3_1"> Disclosure of non-controlling interests. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfNoncontrollingInterestsTable_lbl" xml:lang="en-US" id="id_14489302_3473318_1_1"> Disclosure of Non-controlling Interests [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfNoncontrollingInterestsTable_lbl" xml:lang="en-US" id="id_14489302_3473318_2_1"> Disclosure of Non-controlling Interests [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfNoncontrollingInterestsTable" xlink:to="pbr_DisclosureOfNoncontrollingInterestsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:label="ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419416_1_1"> Disclosure of non-current assets held for sale and discontinued operations [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419416_2_1"> Disposal of assets and other changes in organizational structure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:to="ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsLineItems" xlink:label="pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsLineItems_lbl" xml:lang="en-US" id="id_14489302_3432223_3_1"> Disclosure of non-current liabilities for legal proceedings [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsLineItems_lbl" xml:lang="en-US" id="id_14489302_3432223_1_1"> Disclosure of non-current liabilities for legal proceedings [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsLineItems_lbl" xml:lang="en-US" id="id_14489302_3432223_2_1"> Disclosure of non-current liabilities for legal proceedings [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsLineItems" xlink:to="pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsTable" xlink:label="pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsTable_lbl" xml:lang="en-US" id="id_14489302_3475522_3_1"> Disclosure of non-current liabilities for legal proceedings [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsTable_lbl" xml:lang="en-US" id="id_14489302_3475522_1_1"> Disclosure of non-current liabilities for legal proceedings [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsTable_lbl" xml:lang="en-US" id="id_14489302_3475522_2_1"> Disclosure of non-current liabilities for legal proceedings [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsTable" xlink:to="pbr_DisclosureOfNoncurrentLiabilitiesForLegalProceedingsTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfOilAndGasProducingActivitiesExplanatory" xlink:label="pbr_DisclosureOfOilAndGasProducingActivitiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfOilAndGasProducingActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514753_3_1"> The disclosure of oil and gas producing activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfOilAndGasProducingActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514753_1_1"> Disclosure Of Oil And Gas Producing Activities [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfOilAndGasProducingActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514753_2_1"> Summary of Operations for Oil and Gas Producing Activities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfOilAndGasProducingActivitiesExplanatory" xlink:to="pbr_DisclosureOfOilAndGasProducingActivitiesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfOperatingLeaseExplanatory" xlink:label="pbr_DisclosureOfOperatingLeaseExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfOperatingLeaseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515705_3_1"> The disclosure of operating leases. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfOperatingLeaseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515705_1_1"> Disclosure of Operating Lease Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfOperatingLeaseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3515705_2_1"> Schedule of Future Minimum Lease Payments - Operating Leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfOperatingLeaseExplanatory" xlink:to="pbr_DisclosureOfOperatingLeaseExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3418926_1_1"> Disclosure of operating segments [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsAbstract_lbl" xml:lang="en-US" id="id_14489302_3418926_2_1"> Disclosure of operating segments [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418927_1_1"> Disclosure of operating segments [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418927_2_1"> Disclosure of Operating Segments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsLineItems_lbl" xml:lang="en-US" id="id_14489302_3419163_1_1"> Disclosure of operating segments [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsLineItems_lbl" xml:lang="en-US" id="id_14489302_3419163_2_1"> Disclosure of operating segments [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsTable_lbl" xml:lang="en-US" id="id_14489302_3419425_1_1"> Disclosure of operating segments [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsTable_lbl" xml:lang="en-US" id="id_14489302_3419425_2_1"> Disclosure of operating segments [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418502_1_1"> Disclosure of other operating income (expense) [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418502_2_1"> Other income and expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:to="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOtherProvisionsAbstract" xlink:label="ifrs-full_DisclosureOfOtherProvisionsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOtherProvisionsAbstract_lbl" xml:lang="en-US" id="id_14489302_3419167_1_1"> Disclosure of other provisions [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOtherProvisionsAbstract_lbl" xml:lang="en-US" id="id_14489302_3419167_2_1"> Disclosure of other provisions [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherProvisionsAbstract" xlink:to="ifrs-full_DisclosureOfOtherProvisionsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419426_1_1"> Disclosure of other provisions, contingent liabilities and contingent assets [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419426_2_1"> Provisions for legal proceedings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:label="ifrs-full_DisclosureOfOtherProvisionsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOtherProvisionsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418931_1_1"> Disclosure of other provisions [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOtherProvisionsLineItems_lbl" xml:lang="en-US" id="id_14489302_3418931_2_1"> Disclosure of other provisions [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:to="ifrs-full_DisclosureOfOtherProvisionsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfOtherProvisionsTable" xlink:label="ifrs-full_DisclosureOfOtherProvisionsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOtherProvisionsTable_lbl" xml:lang="en-US" id="id_14489302_3419427_1_1"> Disclosure of other provisions [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOtherProvisionsTable_lbl" xml:lang="en-US" id="id_14489302_3419427_2_1"> Disclosure of other provisions [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherProvisionsTable" xlink:to="ifrs-full_DisclosureOfOtherProvisionsTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfOtherSelectedIncomeStatementAbstract" xlink:label="pbr_DisclosureOfOtherSelectedIncomeStatementAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfOtherSelectedIncomeStatementAbstract_lbl" xml:lang="en-US" id="id_14489302_3427165_3_1"> Disclosure of other selected income statement . </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfOtherSelectedIncomeStatementAbstract_lbl" xml:lang="en-US" id="id_14489302_3427165_1_1"> Disclosure Of Other Selected Income Statement [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfOtherSelectedIncomeStatementAbstract_lbl" xml:lang="en-US" id="id_14489302_3427165_2_1"> In the Statement of income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfOtherSelectedIncomeStatementAbstract" xlink:to="pbr_DisclosureOfOtherSelectedIncomeStatementAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfOtherTaxesAbstract" xlink:label="pbr_DisclosureOfOtherTaxesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfOtherTaxesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430540_3_1"> Disclosure of other taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfOtherTaxesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430540_1_1"> Disclosure of other taxes [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfOtherTaxesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430540_2_1"> Disclosure of other taxes [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfOtherTaxesAbstract" xlink:to="pbr_DisclosureOfOtherTaxesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfOtherTaxesExplanatory" xlink:label="pbr_DisclosureOfOtherTaxesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfOtherTaxesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514906_3_1"> The disclosure of other taxes explanatory. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfOtherTaxesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514906_1_1"> Disclosure Of Other Taxes Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfOtherTaxesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514906_2_1"> Summary of Other Taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfOtherTaxesExplanatory" xlink:to="pbr_DisclosureOfOtherTaxesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfOtherTaxesLineItems" xlink:label="pbr_DisclosureOfOtherTaxesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfOtherTaxesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430537_3_1"> Disclosure of other taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfOtherTaxesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430537_1_1"> Disclosure of other taxes [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfOtherTaxesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430537_2_1"> Disclosure of other taxes [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfOtherTaxesLineItems" xlink:to="pbr_DisclosureOfOtherTaxesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfOtherTaxesTable" xlink:label="pbr_DisclosureOfOtherTaxesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfOtherTaxesTable_lbl" xml:lang="en-US" id="id_14489302_3474145_3_1"> Disclosure of other taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfOtherTaxesTable_lbl" xml:lang="en-US" id="id_14489302_3474145_1_1"> Disclosure of other taxes [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfOtherTaxesTable_lbl" xml:lang="en-US" id="id_14489302_3474145_2_1"> Disclosure of other taxes [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfOtherTaxesTable" xlink:to="pbr_DisclosureOfOtherTaxesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfOutstandingAmountOfSettlementYearExplanatory" xlink:label="pbr_DisclosureOfOutstandingAmountOfSettlementYearExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfOutstandingAmountOfSettlementYearExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521916_3_1"> Disclosure of outstanding amount of settlement year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfOutstandingAmountOfSettlementYearExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521916_1_1"> Disclosure of outstanding amount of settlement year [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfOutstandingAmountOfSettlementYearExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521916_2_1"> Summary of Outstanding Amount of Settlement Year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfOutstandingAmountOfSettlementYearExplanatory" xlink:to="pbr_DisclosureOfOutstandingAmountOfSettlementYearExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetAbstract" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetAbstract_lbl" xml:lang="en-US" id="id_14489302_3426931_3_1"> Disclosure of pension plan assets by type of asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetAbstract_lbl" xml:lang="en-US" id="id_14489302_3426931_1_1"> Disclosure of pension plan assets by type of asset [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetAbstract_lbl" xml:lang="en-US" id="id_14489302_3426931_2_1"> Disclosure of pension plan assets by type of asset [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetAbstract" xlink:to="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetExplanatory" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514869_3_1"> The disclosure of pension plan assets by type of asset explanatory. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514869_1_1"> Disclosure Of Pension Plan Assets By Type Of Asset Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514869_2_1"> Summary of Pension Plan Assets by Type of Asset </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetExplanatory" xlink:to="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetLineItems" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetLineItems_lbl" xml:lang="en-US" id="id_14489302_3426932_3_1"> Line items represent pension plan assets by type of asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetLineItems_lbl" xml:lang="en-US" id="id_14489302_3426932_1_1"> Disclosure of pension plan assets by type of asset [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetLineItems_lbl" xml:lang="en-US" id="id_14489302_3426932_2_1"> Disclosure of pension plan assets by type of asset [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetLineItems" xlink:to="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetTable" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetTable_lbl" xml:lang="en-US" id="id_14489302_3474849_3_1"> Disclosure of pension plan assets by type of asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetTable_lbl" xml:lang="en-US" id="id_14489302_3474849_1_1"> Disclosure of pension plan assets by type of asset [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetTable_lbl" xml:lang="en-US" id="id_14489302_3474849_2_1"> Disclosure of pension plan assets by type of asset [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetTable" xlink:to="pbr_DisclosureOfPensionPlanAssetsByTypeOfAssetTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract_lbl" xml:lang="en-US" id="id_14489302_3419184_1_1"> Disclosure of detailed information about property, plant and equipment [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract_lbl" xml:lang="en-US" id="id_14489302_3419184_2_1"> Property plant and equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract" xlink:to="ifrs-full_DisclosureOfPropertyPlantAndEquipmentAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418935_1_1"> Disclosure of property, plant and equipment [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US" id="id_14489302_3418935_2_1"> Property, plant and equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:to="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_lbl" xml:lang="en-US" id="id_14489302_3419170_1_1"> Disclosure of detailed information about property, plant and equipment [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_lbl" xml:lang="en-US" id="id_14489302_3419170_2_1"> Disclosure of detailed information about property, plant and equipment [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:to="ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_lbl" xml:lang="en-US" id="id_14489302_3419185_1_1"> Disclosure of detailed information about property, plant and equipment [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_lbl" xml:lang="en-US" id="id_14489302_3419185_2_1"> Disclosure of detailed information about property, plant and equipment [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:to="ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfProvedAndUndevelopedReservesAbstract" xlink:label="pbr_DisclosureOfProvedAndUndevelopedReservesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfProvedAndUndevelopedReservesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430564_3_1"> Disclosure of proved and undeveloped reserves. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfProvedAndUndevelopedReservesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430564_1_1"> Disclosure of Proved and Undeveloped Reserves [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfProvedAndUndevelopedReservesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430564_2_1"> Disclosure of Proved and Undeveloped Reserves [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfProvedAndUndevelopedReservesAbstract" xlink:to="pbr_DisclosureOfProvedAndUndevelopedReservesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesLineItems" xlink:label="pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesLineItems_lbl" xml:lang="en-US" id="id_14489302_3429130_3_1"> Line items represent concepts included in a table. Disclosure of proved developed and undeveloped reserves. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesLineItems_lbl" xml:lang="en-US" id="id_14489302_3429130_1_1"> Disclosure of proved developed and undeveloped reserves [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesLineItems_lbl" xml:lang="en-US" id="id_14489302_3429130_2_1"> Disclosure of proved developed and undeveloped reserves [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesLineItems" xlink:to="pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesTable" xlink:label="pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesTable_lbl" xml:lang="en-US" id="id_14489302_3473575_3_1"> Schedule disclosing information related to disclosure of proved developed and undeveloped reserves. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesTable_lbl" xml:lang="en-US" id="id_14489302_3473575_1_1"> Disclosure of proved developed and undeveloped reserves [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesTable_lbl" xml:lang="en-US" id="id_14489302_3473575_2_1"> Disclosure of proved developed and undeveloped reserves [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesTable" xlink:to="pbr_DisclosureOfProvedDevelopedAndUndevelopedReservesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfProvisionForDecommissioningCostsExplanatory" xlink:label="pbr_DisclosureOfProvisionForDecommissioningCostsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfProvisionForDecommissioningCostsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514741_3_1"> The disclosure of the provision for decommissioning costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfProvisionForDecommissioningCostsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514741_1_1"> Disclosure of provision for decommissioning costs explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfProvisionForDecommissioningCostsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514741_2_1"> Provision for decommissioning costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfProvisionForDecommissioningCostsExplanatory" xlink:to="pbr_DisclosureOfProvisionForDecommissioningCostsExplanatory_lbl"/>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfReconciliationBetweenBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesLineItems" xlink:label="pbr_DisclosureOfReconciliationBetweenBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfReconciliationBetweenBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3432083_3_1"> Disclosure Of Reconciliation Between Between Finance Debt And Cash Flows From Financing Activities [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfReconciliationBetweenBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3432083_1_1"> Disclosure Of Reconciliation Between Between Finance Debt And Cash Flows From Financing Activities [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfReconciliationBetweenBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3432083_2_1"> Disclosure Of Reconciliation Between Between Finance Debt And Cash Flows From Financing Activities [line items] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfReconciliationBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3431890_3_1"> Disclosure Of Reconciliation Between Finance Debt And Cash Flows From Financing Activities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfReconciliationBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3431890_1_1"> Disclosure Of Reconciliation Between Finance Debt And Cash Flows From Financing Activities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfReconciliationBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3431890_2_1"> Disclosure Of Reconciliation Between Finance Debt And Cash Flows From Financing Activities [abstract] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfReconciliationBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521859_3_1"> Disclosure of reconciliation between finance debt and cash flows from financing activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfReconciliationBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521859_1_1"> Disclosure of reconciliation between finance debt and cash flows from financing activities [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfReconciliationBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521859_2_1"> Changes in Finance Debt and Reconciliation with Cash Flows from Financing Activities </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfReconciliationBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesTable_lbl" xml:lang="en-US" id="id_14489302_3473215_3_1"> Disclosure Of Reconciliation Between Finance Debt And Cash Flows From Financing Activities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfReconciliationBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesTable_lbl" xml:lang="en-US" id="id_14489302_3473215_1_1"> Disclosure Of Reconciliation Between Finance Debt And Cash Flows From Financing Activities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfReconciliationBetweenFinanceDebtAndCashFlowsFromFinancingActivitiesTable_lbl" xml:lang="en-US" id="id_14489302_3473215_2_1"> Disclosure Of Reconciliation Between Finance Debt And Cash Flows From Financing Activities [table] </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateExplanatory" xlink:label="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514904_3_1"> The disclosure of reconciliation between statutory tax rate and effective tax expenses rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514904_1_1"> Disclosure Of Reconciliation Between Statutory Tax Rate And Effective Tax Expenses Rate Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514904_2_1"> Summary of Reconciliation between Statutory Tax Rate and Effective Tax Expense Rate </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateLineItems_lbl" xml:lang="en-US" id="id_14489302_3430635_3_1"> Disclosure of reconciliation between statutory tax rate and effective tax expenses rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateLineItems_lbl" xml:lang="en-US" id="id_14489302_3430635_1_1"> Disclosure Of Reconciliation Between Statutory Tax Rate And Effective Tax Expenses Rate [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateLineItems_lbl" xml:lang="en-US" id="id_14489302_3430635_2_1"> Disclosure Of Reconciliation Between Statutory Tax Rate And Effective Tax Expenses Rate [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateLineItems" xlink:to="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateTable" xlink:label="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateTable_lbl" xml:lang="en-US" id="id_14489302_3474112_3_1"> Disclosure Of Reconciliation Between Statutory Tax Rate And Effective Tax Expenses Rate [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateTable_lbl" xml:lang="en-US" id="id_14489302_3474112_1_1"> Disclosure Of Reconciliation Between Statutory Tax Rate And Effective Tax Expenses Rate [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfReconciliationBetweenStatutoryTaxRateAndEffectiveTaxExpensesRateTable_lbl" xml:lang="en-US" id="id_14489302_3474112_2_1"> Disclosure Of Reconciliation Between Statutory Tax Rate And Effective Tax Expenses Rate [table] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419197_1_1"> Disclosure of reconciliation of changes in intangible assets and goodwill [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419197_2_1"> Summary by Class of Assets </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems_lbl" xml:lang="en-US" id="id_14489302_3419445_1_1"> Disclosure of reconciliation of changes in intangible assets and goodwill [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems_lbl" xml:lang="en-US" id="id_14489302_3419445_2_1"> Disclosure of reconciliation of changes in intangible assets and goodwill [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems" xlink:to="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillTable" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillTable_lbl" xml:lang="en-US" id="id_14489302_3419198_1_1"> Disclosure of reconciliation of changes in intangible assets and goodwill [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillTable_lbl" xml:lang="en-US" id="id_14489302_3419198_2_1"> Disclosure of Reconciliation of Changes in Intangible Assets and Goodwill [Table] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:label="ifrs-full_DisclosureOfRelatedPartyExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRelatedPartyExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419856_1_1"> Disclosure of related party [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfRelatedPartyExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419856_2_1"> Related-party transactions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:to="ifrs-full_DisclosureOfRelatedPartyExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfRelatedPartyLineItems" xlink:label="pbr_DisclosureOfRelatedPartyLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfRelatedPartyLineItems_lbl" xml:lang="en-US" id="id_14489302_3429144_3_1"> Line items represent concepts included in a table. Disclosure of related party. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfRelatedPartyLineItems_lbl" xml:lang="en-US" id="id_14489302_3429144_1_1"> Disclosure of related party [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfRelatedPartyLineItems_lbl" xml:lang="en-US" id="id_14489302_3429144_2_1"> Disclosure of related party [line items] </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfRelatedPartyTable" xlink:label="pbr_DisclosureOfRelatedPartyTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfRelatedPartyTable_lbl" xml:lang="en-US" id="id_14489302_3473576_3_1"> Schedule disclosing information related to related party. </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfRelatedPartyTable_lbl" xml:lang="en-US" id="id_14489302_3473576_2_1"> Disclosure of related party [table] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfRevenueExplanatory" xlink:label="ifrs-full_DisclosureOfRevenueExplanatory"/>
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRevenueExplanatory" xlink:to="ifrs-full_DisclosureOfRevenueExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfReversalOfNetDeferredTaxAssetsLiabilitiesAbstract" xlink:label="pbr_DisclosureOfReversalOfNetDeferredTaxAssetsLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfReversalOfNetDeferredTaxAssetsLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430613_3_1"> Disclosure Of Reversal Of Net Deferred Tax Assets Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfReversalOfNetDeferredTaxAssetsLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430613_1_1"> Disclosure Of Reversal Of Net Deferred Tax Assets Liabilities [abstract] </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfReversalOfNetDeferredTaxAssetsLiabilitiesExplanatory" xlink:label="pbr_DisclosureOfReversalOfNetDeferredTaxAssetsLiabilitiesExplanatory"/>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfReversalOfNetDeferredTaxAssetsLiabilitiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514902_1_1"> Disclosure Of Reversal Of Net Deferred Tax Assets Liabilities Explanatory </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfReversalOfNetDeferredTaxAssetsLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430638_1_1"> Disclosure Of Reversal Of Net Deferred Tax Assets Liabilities [Line items] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfReversalOfNetDeferredTaxAssetsLiabilitiesTable_lbl" xml:lang="en-US" id="id_14489302_3474109_3_1"> Disclosure Of Reversal Of Net Deferred Tax Assets Liabilities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfReversalOfNetDeferredTaxAssetsLiabilitiesTable_lbl" xml:lang="en-US" id="id_14489302_3474109_1_1"> Disclosure Of Reversal Of Net Deferred Tax Assets Liabilities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfReversalOfNetDeferredTaxAssetsLiabilitiesTable_lbl" xml:lang="en-US" id="id_14489302_3474109_2_1"> Disclosure Of Reversal Of Net Deferred Tax Assets Liabilities [table] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingAbstract" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingAbstract_lbl" xml:lang="en-US" id="id_14489302_3419858_1_1"> Disclosure of risk management strategy related to hedge accounting [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingAbstract_lbl" xml:lang="en-US" id="id_14489302_3419858_2_1"> Disclosure of risk management strategy related to hedge accounting [abstract] </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingExplanatory" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419859_1_1"> Disclosure of risk management strategy related to hedge accounting [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419859_2_1"> Summary of the Positions of the Derivative Financial Instruments Held by the Company </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems_lbl" xml:lang="en-US" id="id_14489302_3419208_1_1"> Disclosure of risk management strategy related to hedge accounting [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems_lbl" xml:lang="en-US" id="id_14489302_3419208_2_1"> Disclosure of risk management strategy related to hedge accounting [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems" xlink:to="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable_lbl" xml:lang="en-US" id="id_14489302_3419456_1_1"> Disclosure of risk management strategy related to hedge accounting [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable_lbl" xml:lang="en-US" id="id_14489302_3419456_2_1"> Disclosure of risk management strategy related to hedge accounting [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable" xlink:to="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfSalesRevenuesExplanatory" xlink:label="pbr_DisclosureOfSalesRevenuesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfSalesRevenuesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514804_3_1"> The disclosure of sales revenues. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfSalesRevenuesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514804_1_1"> Disclosure of sales revenues [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfSalesRevenuesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514804_2_1"> Summary of Sales Revenues </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfSalesRevenuesExplanatory" xlink:to="pbr_DisclosureOfSalesRevenuesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsAbstract" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsAbstract_lbl" xml:lang="en-US" id="id_14489302_3419458_1_1"> Disclosure of sensitivity analysis for actuarial assumptions [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsAbstract_lbl" xml:lang="en-US" id="id_14489302_3419458_2_1"> Disclosure of sensitivity analysis for actuarial assumptions [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsAbstract" xlink:to="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems_lbl" xml:lang="en-US" id="id_14489302_3419209_1_1"> Disclosure of sensitivity analysis for actuarial assumptions [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems_lbl" xml:lang="en-US" id="id_14489302_3419209_2_1"> Disclosure of sensitivity analysis for actuarial assumptions [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems" xlink:to="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsTable" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsTable_lbl" xml:lang="en-US" id="id_14489302_3419861_1_1"> Disclosure of sensitivity analysis for actuarial assumptions [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsTable_lbl" xml:lang="en-US" id="id_14489302_3419861_2_1"> Disclosure of sensitivity analysis for actuarial assumptions [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsTable" xlink:to="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfSettlementOfTaxDisputesExplanatory" xlink:label="pbr_DisclosureOfSettlementOfTaxDisputesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfSettlementOfTaxDisputesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521902_3_1"> Disclosure of settlement of tax disputes explanatory. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfSettlementOfTaxDisputesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521902_1_1"> Disclosure of settlement of tax disputes explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfSettlementOfTaxDisputesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521902_2_1"> Summary of Settlement of Tax Disputes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfSettlementOfTaxDisputesExplanatory" xlink:to="pbr_DisclosureOfSettlementOfTaxDisputesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestAbstract" xlink:label="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestAbstract_lbl" xml:lang="en-US" id="id_14489302_3429453_3_1"> Disclosure Of Share Capital Reserves And Other Equity Interest [abstract]. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestAbstract_lbl" xml:lang="en-US" id="id_14489302_3429453_1_1"> Disclosure Of Share Capital Reserves And Other Equity Interest [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestAbstract_lbl" xml:lang="en-US" id="id_14489302_3429453_2_1"> Disclosure Of Share Capital Reserves And Other Equity Interest [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestAbstract" xlink:to="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:label="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419863_1_1"> Disclosure of share capital, reserves and other equity interest [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419863_2_1"> Equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:to="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestLineItems" xlink:label="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestLineItems_lbl" xml:lang="en-US" id="id_14489302_3430015_3_1"> Disclosure of share capital reserves and other equity interest. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestLineItems_lbl" xml:lang="en-US" id="id_14489302_3430015_1_1"> Disclosure of Share Capital Reserves and Other Equity Interest [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestLineItems_lbl" xml:lang="en-US" id="id_14489302_3430015_2_1"> Disclosure of Share Capital Reserves and Other Equity Interest [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestLineItems" xlink:to="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestTable" xlink:label="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestTable_lbl" xml:lang="en-US" id="id_14489302_3475049_3_1"> Schedule disclosing share capital, reserves and other equity interest. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestTable_lbl" xml:lang="en-US" id="id_14489302_3475049_1_1"> Disclosure of share capital, reserves and other equity interest [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestTable_lbl" xml:lang="en-US" id="id_14489302_3475049_2_1"> Disclosure of share capital, reserves and other equity interest [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestTable" xlink:to="pbr_DisclosureOfShareCapitalReservesAndOtherEquityInterestTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfShorttermBenefitsLineItems" xlink:label="pbr_DisclosureOfShorttermBenefitsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfShorttermBenefitsLineItems_lbl" xml:lang="en-US" id="id_14489302_3553156_3_1"> Disclosure Of Short-term Benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfShorttermBenefitsLineItems_lbl" xml:lang="en-US" id="id_14489302_3553156_1_1"> Disclosure Of Short-term Benefits [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfShorttermBenefitsLineItems_lbl" xml:lang="en-US" id="id_14489302_3553156_2_1"> Disclosure Of Short-term Benefits [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfShorttermBenefitsLineItems" xlink:to="pbr_DisclosureOfShorttermBenefitsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfShortTermEmployeeBenefitsExpenseExplanatory" xlink:label="pbr_DisclosureOfShortTermEmployeeBenefitsExpenseExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfShortTermEmployeeBenefitsExpenseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3516012_3_1"> Disclosure of short term employee benefits expense explanatory. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfShortTermEmployeeBenefitsExpenseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3516012_1_1"> Disclosure Of Short Term Employee Benefits Expense [table text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfShortTermEmployeeBenefitsExpenseExplanatory_lbl" xml:lang="en-US" id="id_14489302_3516012_2_1"> Short-term benefits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfShortTermEmployeeBenefitsExpenseExplanatory" xlink:to="pbr_DisclosureOfShortTermEmployeeBenefitsExpenseExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfSignificantAccountingJudgmentsEstimatesAndAssumptionsLineItems" xlink:label="pbr_DisclosureOfSignificantAccountingJudgmentsEstimatesAndAssumptionsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfSignificantAccountingJudgmentsEstimatesAndAssumptionsLineItems_lbl" xml:lang="en-US" id="id_14489302_3429048_3_1"> Line items represent significant accounting judgments estimates and assumptions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfSignificantAccountingJudgmentsEstimatesAndAssumptionsLineItems_lbl" xml:lang="en-US" id="id_14489302_3429048_1_1"> Disclosure of significant accounting judgments estimates and assumptions [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfSignificantAccountingJudgmentsEstimatesAndAssumptionsLineItems_lbl" xml:lang="en-US" id="id_14489302_3429048_2_1"> Disclosure of significant accounting judgments estimates and assumptions [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfSignificantAccountingJudgmentsEstimatesAndAssumptionsLineItems" xlink:to="pbr_DisclosureOfSignificantAccountingJudgmentsEstimatesAndAssumptionsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfSignificantAccountingJudgmentsEstimatesAndAssumptionsTable" xlink:label="pbr_DisclosureOfSignificantAccountingJudgmentsEstimatesAndAssumptionsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfSignificantAccountingJudgmentsEstimatesAndAssumptionsTable_lbl" xml:lang="en-US" id="id_14489302_3473629_3_1"> Schedule of significant accounting judgments estimates and assumptions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfSignificantAccountingJudgmentsEstimatesAndAssumptionsTable_lbl" xml:lang="en-US" id="id_14489302_3473629_1_1"> Disclosure of significant accounting judgments estimates and assumptions [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfSignificantAccountingJudgmentsEstimatesAndAssumptionsTable_lbl" xml:lang="en-US" id="id_14489302_3473629_2_1"> Disclosure of significant accounting judgments estimates and assumptions [table] </label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfSupplementaryInformationOnStandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasQuantitiesTable_lbl" xml:lang="en-US" id="id_14489302_3474129_2_1"> Disclosure of Supplementary Information on Standardized Measure of Discounted Future Net Cash Flow Relating to Proved Oil and Gas Quantities [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfSupplementaryInformationOnStandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasQuantitiesTable" xlink:to="pbr_DisclosureOfSupplementaryInformationOnStandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasQuantitiesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTaxesAbstract" xlink:label="pbr_DisclosureOfTaxesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTaxesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430594_3_1"> Disclosure of taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTaxesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430594_1_1"> Disclosure Of Taxes [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTaxesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430594_2_1"> Disclosure Of Taxes [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTaxesAbstract" xlink:to="pbr_DisclosureOfTaxesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTaxesExplanatory" xlink:label="pbr_DisclosureOfTaxesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTaxesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514898_3_1"> The disclosure of taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTaxesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514898_1_1"> Disclosure Of Taxes [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTaxesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514898_2_1"> Taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTaxesExplanatory" xlink:to="pbr_DisclosureOfTaxesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTaxesLineItems" xlink:label="pbr_DisclosureOfTaxesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTaxesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430593_3_1"> Disclosure of taxes line items. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTaxesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430593_1_1"> Disclosure Of Taxes [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTaxesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430593_2_1"> Disclosure Of Taxes [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTaxesLineItems" xlink:to="pbr_DisclosureOfTaxesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTaxesTable" xlink:label="pbr_DisclosureOfTaxesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTaxesTable_lbl" xml:lang="en-US" id="id_14489302_3474120_3_1"> Disclosure of taxes table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTaxesTable_lbl" xml:lang="en-US" id="id_14489302_3474120_1_1"> Disclosure Of Taxes [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTaxesTable_lbl" xml:lang="en-US" id="id_14489302_3474120_2_1"> Disclosure Of Taxes [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTaxesTable" xlink:to="pbr_DisclosureOfTaxesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTaxLiabilitiesAbstract" xlink:label="pbr_DisclosureOfTaxLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTaxLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3432041_3_1"> Disclosure Of Tax Liabilities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTaxLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3432041_1_1"> Disclosure Of Tax Liabilities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTaxLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3432041_2_1"> Disclosure Of Tax Liabilities [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTaxLiabilitiesAbstract" xlink:to="pbr_DisclosureOfTaxLiabilitiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTaxLiabilitiesLineItems" xlink:label="pbr_DisclosureOfTaxLiabilitiesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTaxLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3432040_3_1"> Disclosure Of Tax Liabilities [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTaxLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3432040_1_1"> Disclosure Of Tax Liabilities [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTaxLiabilitiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3432040_2_1"> Disclosure Of Tax Liabilities [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTaxLiabilitiesLineItems" xlink:to="pbr_DisclosureOfTaxLiabilitiesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTaxLiabilitiesPresentedInConsolidatedStatementsOfFinancialPositionExplanatory" xlink:label="pbr_DisclosureOfTaxLiabilitiesPresentedInConsolidatedStatementsOfFinancialPositionExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTaxLiabilitiesPresentedInConsolidatedStatementsOfFinancialPositionExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521903_3_1"> Disclosure of tax liabilities presented in consolidated statements of financial position explanatory. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTaxLiabilitiesPresentedInConsolidatedStatementsOfFinancialPositionExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521903_1_1"> Disclosure of tax liabilities presented in consolidated statements of financial position explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTaxLiabilitiesPresentedInConsolidatedStatementsOfFinancialPositionExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521903_2_1"> Summary of Tax Liabilities Presented in Consolidated Statements of Financial Position </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTaxLiabilitiesPresentedInConsolidatedStatementsOfFinancialPositionExplanatory" xlink:to="pbr_DisclosureOfTaxLiabilitiesPresentedInConsolidatedStatementsOfFinancialPositionExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTaxLiabilitiesTable" xlink:label="pbr_DisclosureOfTaxLiabilitiesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTaxLiabilitiesTable_lbl" xml:lang="en-US" id="id_14489302_3475427_3_1"> Disclosure Of Tax Liabilities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTaxLiabilitiesTable_lbl" xml:lang="en-US" id="id_14489302_3475427_1_1"> Disclosure Of Tax Liabilities [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTaxLiabilitiesTable_lbl" xml:lang="en-US" id="id_14489302_3475427_2_1"> Disclosure Of Tax Liabilities [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTaxLiabilitiesTable" xlink:to="pbr_DisclosureOfTaxLiabilitiesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTaxSettlementProgramsExplanatory" xlink:label="pbr_DisclosureOfTaxSettlementProgramsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTaxSettlementProgramsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521904_3_1"> Disclosure of tax settlement programs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTaxSettlementProgramsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521904_1_1"> Disclosure of tax settlement programs Explanatory [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTaxSettlementProgramsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3521904_2_1"> Summary of Tax Disputes by Joining States Amnesty Settlement Programs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTaxSettlementProgramsExplanatory" xlink:to="pbr_DisclosureOfTaxSettlementProgramsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTheCompanyAndItsOperationsAbstract" xlink:label="pbr_DisclosureOfTheCompanyAndItsOperationsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTheCompanyAndItsOperationsAbstract_lbl" xml:lang="en-US" id="id_14489302_3428959_3_1"> Disclosure of the company and its operations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTheCompanyAndItsOperationsAbstract_lbl" xml:lang="en-US" id="id_14489302_3428959_1_1"> Disclosure of the company and its operations [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTheCompanyAndItsOperationsAbstract_lbl" xml:lang="en-US" id="id_14489302_3428959_2_1"> Disclosure of the company and its operations [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTheCompanyAndItsOperationsAbstract" xlink:to="pbr_DisclosureOfTheCompanyAndItsOperationsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTheCompanyAndItsOperationsExplanatory" xlink:label="pbr_DisclosureOfTheCompanyAndItsOperationsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTheCompanyAndItsOperationsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514691_3_1"> The disclosure of the company and Its operations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTheCompanyAndItsOperationsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514691_1_1"> Disclosure of The Company and Its operations [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTheCompanyAndItsOperationsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514691_2_1"> The Company and its operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTheCompanyAndItsOperationsExplanatory" xlink:to="pbr_DisclosureOfTheCompanyAndItsOperationsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:label="ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419872_1_1"> Disclosure of trade and other payables [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419872_2_1"> Summary of Trade Payables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory" xlink:to="ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTradeAndOtherReceivablesAbstract" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430110_3_1"> Disclosure of trade and other receivables abstract . </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430110_1_1"> Disclosure of trade and other receivables [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430110_2_1"> Disclosure of trade and other receivables [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTradeAndOtherReceivablesAbstract" xlink:to="pbr_DisclosureOfTradeAndOtherReceivablesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:label="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419641_1_1"> Disclosure of trade and other receivables [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419641_2_1"> Trade and other receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:to="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTradeAndOtherReceivablesLineItems" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesLineItems_lbl" xml:lang="en-US" id="id_14489302_3428203_3_1"> Disclosure of trade and other receivables [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesLineItems_lbl" xml:lang="en-US" id="id_14489302_3428203_1_1"> Disclosure of trade and other receivables [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesLineItems_lbl" xml:lang="en-US" id="id_14489302_3428203_2_1"> Disclosure of trade and other receivables [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTradeAndOtherReceivablesLineItems" xlink:to="pbr_DisclosureOfTradeAndOtherReceivablesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTradeAndOtherReceivablesNetExplanatory" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesNetExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesNetExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514785_3_1"> The tabular disclosure representing trade and other receivables net. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesNetExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514785_1_1"> Disclosure Of Trade And Other Receivables Net [table text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesNetExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514785_2_1"> Schedule of trade and other receivables, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTradeAndOtherReceivablesNetExplanatory" xlink:to="pbr_DisclosureOfTradeAndOtherReceivablesNetExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTradeAndOtherReceivablesTable" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesTable_lbl" xml:lang="en-US" id="id_14489302_3475383_3_1"> Disclosure of trade and other receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesTable_lbl" xml:lang="en-US" id="id_14489302_3475383_1_1"> Disclosure of Trade and Other Receivables [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTradeAndOtherReceivablesTable_lbl" xml:lang="en-US" id="id_14489302_3475383_2_1"> Disclosure of Trade and Other Receivables [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTradeAndOtherReceivablesTable" xlink:to="pbr_DisclosureOfTradeAndOtherReceivablesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTradePayablesAbstract" xlink:label="pbr_DisclosureOfTradePayablesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTradePayablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3428921_3_1"> Disclosure of trade payables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTradePayablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3428921_1_1"> Disclosure of trade payables [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTradePayablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3428921_2_1"> Disclosure of trade payables [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTradePayablesAbstract" xlink:to="pbr_DisclosureOfTradePayablesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTradePayablesExplanatory" xlink:label="pbr_DisclosureOfTradePayablesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTradePayablesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514727_3_1"> The entire disclosure of trade payables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTradePayablesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514727_1_1"> Disclosure Of Trade Payables [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTradePayablesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514727_2_1"> Trade payables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTradePayablesExplanatory" xlink:to="pbr_DisclosureOfTradePayablesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTradePayablesLineItems" xlink:label="pbr_DisclosureOfTradePayablesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTradePayablesLineItems_lbl" xml:lang="en-US" id="id_14489302_3428926_3_1"> Line items represents information of trade payables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTradePayablesLineItems_lbl" xml:lang="en-US" id="id_14489302_3428926_1_1"> Disclosure of trade payables [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTradePayablesLineItems_lbl" xml:lang="en-US" id="id_14489302_3428926_2_1"> Disclosure of trade payables [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTradePayablesLineItems" xlink:to="pbr_DisclosureOfTradePayablesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTradePayablesTable" xlink:label="pbr_DisclosureOfTradePayablesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTradePayablesTable_lbl" xml:lang="en-US" id="id_14489302_3473671_3_1"> Schedule disclosing information of trade payables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTradePayablesTable_lbl" xml:lang="en-US" id="id_14489302_3473671_1_1"> Disclosure of trade payables [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTradePayablesTable_lbl" xml:lang="en-US" id="id_14489302_3473671_2_1"> Disclosure of trade payables [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTradePayablesTable" xlink:to="pbr_DisclosureOfTradePayablesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTradeReceivablesElectricitySectorExplanatory" xlink:label="pbr_DisclosureOfTradeReceivablesElectricitySectorExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTradeReceivablesElectricitySectorExplanatory_lbl" xml:lang="en-US" id="id_14489302_3530233_3_1"> The disclosure of trade receivables electricity sector. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTradeReceivablesElectricitySectorExplanatory_lbl" xml:lang="en-US" id="id_14489302_3530233_1_1"> Disclosure of trade receivables electricity sector explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTradeReceivablesElectricitySectorExplanatory_lbl" xml:lang="en-US" id="id_14489302_3530233_2_1"> Schedule of trade receivables - electricity sector </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTradeReceivablesElectricitySectorExplanatory" xlink:to="pbr_DisclosureOfTradeReceivablesElectricitySectorExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTradeReceivablesLineItems" xlink:label="pbr_DisclosureOfTradeReceivablesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTradeReceivablesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430268_3_1"> Disclosure of Trade receivables [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTradeReceivablesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430268_1_1"> Disclosure of Trade receivables [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTradeReceivablesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430268_2_1"> Disclosure of Trade receivables [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTradeReceivablesLineItems" xlink:to="pbr_DisclosureOfTradeReceivablesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfTradeReceivablesOverdueThirdPartiesExplanatory" xlink:label="pbr_DisclosureOfTradeReceivablesOverdueThirdPartiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfTradeReceivablesOverdueThirdPartiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3529155_3_1"> The tabular disclosure of trade receivables overdue third parties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfTradeReceivablesOverdueThirdPartiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3529155_1_1"> Disclosure Of Trade Receivables Overdue Third Parties [table text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfTradeReceivablesOverdueThirdPartiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3529155_2_1"> Summary of Aging of Trade and Other Receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfTradeReceivablesOverdueThirdPartiesExplanatory" xlink:to="pbr_DisclosureOfTradeReceivablesOverdueThirdPartiesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsAbstract" xlink:label="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsAbstract_lbl" xml:lang="en-US" id="id_14489302_3419642_1_1"> Disclosure of transaction price allocated to remaining performance obligations [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsAbstract_lbl" xml:lang="en-US" id="id_14489302_3419642_2_1"> Disclosure of transaction price allocated to remaining performance obligations [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsAbstract" xlink:to="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsExplanatory" xlink:label="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419221_1_1"> Disclosure of transaction price allocated to remaining performance obligations [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419221_2_1"> Summary of Remaining Performance Obligations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsExplanatory" xlink:to="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsLineItems" xlink:label="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsLineItems_lbl" xml:lang="en-US" id="id_14489302_3419643_1_1"> Disclosure of transaction price allocated to remaining performance obligations [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsLineItems_lbl" xml:lang="en-US" id="id_14489302_3419643_2_1"> Disclosure of transaction price allocated to remaining performance obligations [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsLineItems" xlink:to="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsTable" xlink:label="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsTable_lbl" xml:lang="en-US" id="id_14489302_3419873_1_1"> Disclosure of transaction price allocated to remaining performance obligations [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsTable_lbl" xml:lang="en-US" id="id_14489302_3419873_2_1"> Disclosure of transaction price allocated to remaining performance obligations [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsTable" xlink:to="ifrs-full_DisclosureOfTransactionPriceAllocatedToRemainingPerformanceObligationsTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3419874_1_1"> Disclosure of transactions between related parties [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3419874_2_1"> Disclosure of transactions between related parties [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract" xlink:to="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419474_1_1"> Disclosure of transactions between related parties [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419474_2_1"> Summary of Balances of Significant Transactions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:to="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3419475_1_1"> Disclosure of transactions between related parties [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems_lbl" xml:lang="en-US" id="id_14489302_3419475_2_1"> Disclosure of transactions between related parties [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:to="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable_lbl" xml:lang="en-US" id="id_14489302_3419644_1_1"> Disclosure of transactions between related parties [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable_lbl" xml:lang="en-US" id="id_14489302_3419644_2_1"> Disclosure of transactions between related parties [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" xlink:to="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTypesOfInsuranceContractsAbstract" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsAbstract_lbl" xml:lang="en-US" id="id_14489302_3419477_1_1"> Disclosure of types of insurance contracts [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsAbstract_lbl" xml:lang="en-US" id="id_14489302_3419477_2_1"> Disclosure of types of insurance contracts [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTypesOfInsuranceContractsAbstract" xlink:to="ifrs-full_DisclosureOfTypesOfInsuranceContractsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTypesOfInsuranceContractsExplanatory" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419478_1_1"> Disclosure of types of insurance contracts [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419478_2_1"> Summary of Information Concerning the Insurance Coverage Outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTypesOfInsuranceContractsExplanatory" xlink:to="ifrs-full_DisclosureOfTypesOfInsuranceContractsExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems_lbl" xml:lang="en-US" id="id_14489302_3419876_1_1"> Disclosure of types of insurance contracts [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems_lbl" xml:lang="en-US" id="id_14489302_3419876_2_1"> Disclosure of types of insurance contracts [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems" xlink:to="ifrs-full_DisclosureOfTypesOfInsuranceContractsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisclosureOfTypesOfInsuranceContractsTable" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsTable_lbl" xml:lang="en-US" id="id_14489302_3419223_1_1"> Disclosure of types of insurance contracts [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTypesOfInsuranceContractsTable_lbl" xml:lang="en-US" id="id_14489302_3419223_2_1"> Disclosure of types of insurance contracts [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTypesOfInsuranceContractsTable" xlink:to="ifrs-full_DisclosureOfTypesOfInsuranceContractsTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfUnrecognizedTaxCarryforwardAbstract" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardAbstract_lbl" xml:lang="en-US" id="id_14489302_3430633_3_1"> Disclosure of unrecognized tax carryforward.. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardAbstract_lbl" xml:lang="en-US" id="id_14489302_3430633_1_1"> Disclosure Of Unrecognized Tax Carryforward [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardAbstract_lbl" xml:lang="en-US" id="id_14489302_3430633_2_1"> Disclosure Of Unrecognized Tax Carryforward [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfUnrecognizedTaxCarryforwardAbstract" xlink:to="pbr_DisclosureOfUnrecognizedTaxCarryforwardAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfUnrecognizedTaxCarryforwardExplanatory" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514903_3_1"> The disclosure of unrecognized tax carryforward explanatory. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514903_1_1"> Disclosure Of Unrecognized Tax Carryforward Explanatory </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardExplanatory_lbl" xml:lang="en-US" id="id_14489302_3514903_2_1"> Summary of Aging of the Unrecognized Tax Carryforwards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfUnrecognizedTaxCarryforwardExplanatory" xlink:to="pbr_DisclosureOfUnrecognizedTaxCarryforwardExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfUnrecognizedTaxCarryforwardLineItems" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardLineItems_lbl" xml:lang="en-US" id="id_14489302_3430632_3_1"> Disclosure of unrecognized tax carryforward. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardLineItems_lbl" xml:lang="en-US" id="id_14489302_3430632_1_1"> Disclosure Of Unrecognized Tax Carryforward [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardLineItems_lbl" xml:lang="en-US" id="id_14489302_3430632_2_1"> Disclosure Of Unrecognized Tax Carryforward [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfUnrecognizedTaxCarryforwardLineItems" xlink:to="pbr_DisclosureOfUnrecognizedTaxCarryforwardLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureOfUnrecognizedTaxCarryforwardTable" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardTable_lbl" xml:lang="en-US" id="id_14489302_3474110_3_1"> Disclosure Of Unrecognized Tax Carryforward [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardTable_lbl" xml:lang="en-US" id="id_14489302_3474110_1_1"> Disclosure Of Unrecognized Tax Carryforward [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureOfUnrecognizedTaxCarryforwardTable_lbl" xml:lang="en-US" id="id_14489302_3474110_2_1"> Disclosure Of Unrecognized Tax Carryforward [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureOfUnrecognizedTaxCarryforwardTable" xlink:to="pbr_DisclosureOfUnrecognizedTaxCarryforwardTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisclosureSignificantAccountingJudgmentsEstimatesAndAssumptionsAbstract" xlink:label="pbr_DisclosureSignificantAccountingJudgmentsEstimatesAndAssumptionsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisclosureSignificantAccountingJudgmentsEstimatesAndAssumptionsAbstract_lbl" xml:lang="en-US" id="id_14489302_3429049_3_1"> Disclosure significant accounting judgments estimates and assumption. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisclosureSignificantAccountingJudgmentsEstimatesAndAssumptionsAbstract_lbl" xml:lang="en-US" id="id_14489302_3429049_1_1"> Disclosure significant accounting judgments estimates and assumptions [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisclosureSignificantAccountingJudgmentsEstimatesAndAssumptionsAbstract_lbl" xml:lang="en-US" id="id_14489302_3429049_2_1"> Disclosure significant accounting judgments estimates and assumptions [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisclosureSignificantAccountingJudgmentsEstimatesAndAssumptionsAbstract" xlink:to="pbr_DisclosureSignificantAccountingJudgmentsEstimatesAndAssumptionsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DiscontinuedOperationsMember" xlink:label="ifrs-full_DiscontinuedOperationsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DiscontinuedOperationsMember_lbl" xml:lang="en-US" id="id_14489302_3419484_1_1"> Discontinued operations [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DiscontinuedOperationsMember_lbl" xml:lang="en-US" id="id_14489302_3419484_2_1"> Discontinued operations [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DiscontinuedOperationsMember" xlink:to="ifrs-full_DiscontinuedOperationsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DiscountAndPremiumOnRepurchaseOfDebtSecurities" xlink:label="pbr_DiscountAndPremiumOnRepurchaseOfDebtSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DiscountAndPremiumOnRepurchaseOfDebtSecurities_lbl" xml:lang="en-US" id="id_14489302_3541092_3_1"> Discount and premium on repurchase of debt securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DiscountAndPremiumOnRepurchaseOfDebtSecurities_lbl" xml:lang="en-US" id="id_14489302_3541092_1_1"> Discount and premium on repurchase of debt securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_DiscountAndPremiumOnRepurchaseOfDebtSecurities_lbl" xml:lang="en-US" id="id_14489302_3541092_14_1"> Discount and premium on repurchase of debt securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DiscountAndPremiumOnRepurchaseOfDebtSecurities" xlink:to="pbr_DiscountAndPremiumOnRepurchaseOfDebtSecurities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DiscountedCashFlowMember" xlink:label="ifrs-full_DiscountedCashFlowMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DiscountedCashFlowMember_lbl" xml:lang="en-US" id="id_14489302_3419653_1_1"> Discounted cash flow [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DiscountedCashFlowMember_lbl" xml:lang="en-US" id="id_14489302_3419653_2_1"> Discounted cash flow [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DiscountedCashFlowMember" xlink:to="ifrs-full_DiscountedCashFlowMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember" xlink:label="ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember_lbl" xml:lang="en-US" id="id_14489302_3419486_1_1"> Disposal groups classified as held for sale [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember_lbl" xml:lang="en-US" id="id_14489302_3419486_2_1"> Disposal groups classified as held for sale [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember" xlink:to="ifrs-full_DisposalGroupsClassifiedAsHeldForSaleMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureAbstract" xlink:label="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureAbstract_lbl" xml:lang="en-US" id="id_14489302_3430524_3_1"> Disposal of assets and other changes in organizational structure. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureAbstract_lbl" xml:lang="en-US" id="id_14489302_3430524_1_1"> Disposal Of Assets And Other Changes In Organizational Structure [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureAbstract_lbl" xml:lang="en-US" id="id_14489302_3430524_2_1"> Disposal Of Assets And Other Changes In Organizational Structure [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureAbstract" xlink:to="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureLineItems" xlink:label="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureLineItems_lbl" xml:lang="en-US" id="id_14489302_3430525_3_1"> Disposal of assets and other changes in organizational structure line item. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureLineItems_lbl" xml:lang="en-US" id="id_14489302_3430525_1_1"> Disposal Of Assets And Other Changes In Organizational Structure [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureLineItems_lbl" xml:lang="en-US" id="id_14489302_3430525_2_1"> Disposal Of Assets And Other Changes In Organizational Structure [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureLineItems" xlink:to="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureTable" xlink:label="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureTable_lbl" xml:lang="en-US" id="id_14489302_3474150_3_1"> Disposal of assets and other changes in organizational structure table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureTable_lbl" xml:lang="en-US" id="id_14489302_3474150_1_1"> Disposal Of Assets And Other Changes In Organizational Structure [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureTable_lbl" xml:lang="en-US" id="id_14489302_3474150_2_1"> Disposal Of Assets And Other Changes In Organizational Structure [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureTable" xlink:to="pbr_DisposalOfAssetsAndOtherChangesInOrganizationalStructureTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisposalOfMajorSubsidiaryMember" xlink:label="ifrs-full_DisposalOfMajorSubsidiaryMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisposalOfMajorSubsidiaryMember_lbl" xml:lang="en-US" id="id_14489302_3419885_1_1"> Disposal of major subsidiary [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisposalOfMajorSubsidiaryMember_lbl" xml:lang="en-US" id="id_14489302_3419885_2_1"> Disposal of major subsidiary [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalOfMajorSubsidiaryMember" xlink:to="ifrs-full_DisposalOfMajorSubsidiaryMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DisposalOfSharesThroughPublicAuction" xlink:label="pbr_DisposalOfSharesThroughPublicAuction"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DisposalOfSharesThroughPublicAuction_lbl" xml:lang="en-US" id="id_14489302_3468782_3_1"> Disposal of shares through public auction. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DisposalOfSharesThroughPublicAuction_lbl" xml:lang="en-US" id="id_14489302_3468782_1_1"> Disposal of shares through public auction </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DisposalOfSharesThroughPublicAuction_lbl" xml:lang="en-US" id="id_14489302_3468782_2_1"> Disposal of shares through public auction </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DisposalOfSharesThroughPublicAuction" xlink:to="pbr_DisposalOfSharesThroughPublicAuction_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:label="ifrs-full_DisposalsPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3419658_1_1"> Disposals, property, plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3419658_2_1"> Write-offs of property plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3419658_14_1"> Write-offs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:to="ifrs-full_DisposalsPropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DistributionMember" xlink:label="pbr_DistributionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DistributionMember_lbl" xml:lang="en-US" id="id_14489302_3504164_3_1"> Distribution. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DistributionMember_lbl" xml:lang="en-US" id="id_14489302_3504164_1_1"> Distribution [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DistributionMember_lbl" xml:lang="en-US" id="id_14489302_3504164_2_1"> Distribution [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DistributionMember" xlink:to="pbr_DistributionMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DistributionSegmentMember" xlink:label="pbr_DistributionSegmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DistributionSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3492096_3_1"> Distribution segment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DistributionSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3492096_1_1"> Distribution segment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DistributionSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3492096_2_1"> Distribution Segment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DistributionSegmentMember" xlink:to="pbr_DistributionSegmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DivestmentInvestmentInMarketableSecurities" xlink:label="pbr_DivestmentInvestmentInMarketableSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DivestmentInvestmentInMarketableSecurities_lbl" xml:lang="en-US" id="id_14489302_3450432_3_1"> Divestment (investment) in marketable securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DivestmentInvestmentInMarketableSecurities_lbl" xml:lang="en-US" id="id_14489302_3450432_1_1"> Divestment Investment In Marketable Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_DivestmentInvestmentInMarketableSecurities_lbl" xml:lang="en-US" id="id_14489302_3450432_14_1"> Divestment (Investment) in marketable securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DivestmentInvestmentInMarketableSecurities" xlink:to="pbr_DivestmentInvestmentInMarketableSecurities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DividendDistributionProposed" xlink:label="pbr_DividendDistributionProposed"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DividendDistributionProposed_lbl" xml:lang="en-US" id="id_14489302_3466652_3_1"> Dividend distribution proposed. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DividendDistributionProposed_lbl" xml:lang="en-US" id="id_14489302_3466652_1_1"> Dividend distribution proposed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DividendDistributionProposed_lbl" xml:lang="en-US" id="id_14489302_3466652_2_1"> Dividend Distribution Proposed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DividendDistributionProposed" xlink:to="pbr_DividendDistributionProposed_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DividendsFromAssociatesJointVenturesAndEquityInvestments" xlink:label="pbr_DividendsFromAssociatesJointVenturesAndEquityInvestments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DividendsFromAssociatesJointVenturesAndEquityInvestments_lbl" xml:lang="en-US" id="id_14489302_3467765_3_1"> Dividends from associates, joint ventures and equity investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DividendsFromAssociatesJointVenturesAndEquityInvestments_lbl" xml:lang="en-US" id="id_14489302_3467765_1_1"> Dividends from associates, joint ventures and equity investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DividendsFromAssociatesJointVenturesAndEquityInvestments_lbl" xml:lang="en-US" id="id_14489302_3467765_2_1"> Dividends </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DividendsFromAssociatesJointVenturesAndEquityInvestments" xlink:to="pbr_DividendsFromAssociatesJointVenturesAndEquityInvestments_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsPaid" xlink:label="ifrs-full_DividendsPaid"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPaid_lbl" xml:lang="en-US" id="id_14489302_3419659_1_1"> Dividends recognised as distributions to owners </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DividendsPaid_lbl" xml:lang="en-US" id="id_14489302_3419659_2_1"> Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DividendsPaid_lbl" xml:lang="en-US" id="id_14489302_3419659_14_1"> Dividends </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaid" xlink:to="ifrs-full_DividendsPaid_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3419889_1_1"> Dividends paid, classified as financing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3419889_14_1"> Dividends paid </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:to="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:label="ifrs-full_DividendsPaidOrdinarySharesPerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPaidOrdinarySharesPerShare_lbl" xml:lang="en-US" id="id_14489302_3419661_1_1"> Dividends paid, ordinary shares per share </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DividendsPaidOrdinarySharesPerShare_lbl" xml:lang="en-US" id="id_14489302_3419661_2_1"> Amount per Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidOrdinarySharesPerShare" xlink:to="ifrs-full_DividendsPaidOrdinarySharesPerShare_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:label="ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3419890_1_1"> Dividends paid to equity holders of parent, classified as financing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3419890_14_1"> Dividends paid to Shareholders of Petrobras </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:to="ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:label="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3419234_1_1"> Dividends paid to non-controlling interests, classified as financing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3419234_14_1"> Dividends paid to non-controlling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:to="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsPayable" xlink:label="ifrs-full_DividendsPayable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPayable_lbl" xml:lang="en-US" id="id_14489302_3419491_1_1"> Dividends payable, non-cash assets distributions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DividendsPayable_lbl" xml:lang="en-US" id="id_14489302_3419491_2_1"> Dividends payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPayable" xlink:to="ifrs-full_DividendsPayable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DividendsPayableBySubsidiariesToNoncontrollingShareholders" xlink:label="pbr_DividendsPayableBySubsidiariesToNoncontrollingShareholders"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DividendsPayableBySubsidiariesToNoncontrollingShareholders_lbl" xml:lang="en-US" id="id_14489302_3441460_3_1"> Dividends payable by subsidiaries to non-controlling shareholders. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DividendsPayableBySubsidiariesToNoncontrollingShareholders_lbl" xml:lang="en-US" id="id_14489302_3441460_1_1"> Dividends payable by subsidiaries to non-controlling shareholders </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DividendsPayableBySubsidiariesToNoncontrollingShareholders_lbl" xml:lang="en-US" id="id_14489302_3441460_2_1"> Dividend payable to non-controlling shareholders </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DividendsPayableBySubsidiariesToNoncontrollingShareholders" xlink:to="pbr_DividendsPayableBySubsidiariesToNoncontrollingShareholders_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DividendsPayableToShareholders" xlink:label="pbr_DividendsPayableToShareholders"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DividendsPayableToShareholders_lbl" xml:lang="en-US" id="id_14489302_3553188_3_1"> Dividends payable to shareholders. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DividendsPayableToShareholders_lbl" xml:lang="en-US" id="id_14489302_3553188_1_1"> Dividends payable to shareholders </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DividendsPayableToShareholders_lbl" xml:lang="en-US" id="id_14489302_3553188_2_1"> Dividend payable to shareholders </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DividendsPayableToShareholders" xlink:to="pbr_DividendsPayableToShareholders_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_DividendsReceivedClassifiedAsInvestingActivities" xlink:label="ifrs-full_DividendsReceivedClassifiedAsInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsReceivedClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_14489302_3419892_1_1"> Dividends received, classified as investing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DividendsReceivedClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_14489302_3419892_2_1"> Dividends received </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsReceivedClassifiedAsInvestingActivities" xlink:to="ifrs-full_DividendsReceivedClassifiedAsInvestingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" id="id_14489302_3419242_1_1"> Document Period End Date </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" id="id_14489302_3419242_2_1"> Document Period End Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US" id="id_14489302_3419909_1_1"> Document Type </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentType_lbl" xml:lang="en-US" id="id_14489302_3419909_2_1"> Document Type </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DollarPerRealMember" xlink:label="pbr_DollarPerRealMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DollarPerRealMember_lbl" xml:lang="en-US" id="id_14489302_3498445_3_1"> Dollar per real. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DollarPerRealMember_lbl" xml:lang="en-US" id="id_14489302_3498445_1_1"> Dollar Per Real [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DollarPerRealMember_lbl" xml:lang="en-US" id="id_14489302_3498445_2_1"> Dollar/Real [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DollarPerRealMember" xlink:to="pbr_DollarPerRealMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DomesticMarketMember" xlink:label="pbr_DomesticMarketMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DomesticMarketMember_lbl" xml:lang="en-US" id="id_14489302_3488522_3_1"> Domestic market. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DomesticMarketMember_lbl" xml:lang="en-US" id="id_14489302_3488522_1_1"> Domestic Market [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DomesticMarketMember_lbl" xml:lang="en-US" id="id_14489302_3488522_2_1"> Domestic market [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DomesticMarketMember" xlink:to="pbr_DomesticMarketMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DomJoaoMember" xlink:label="pbr_DomJoaoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DomJoaoMember_lbl" xml:lang="en-US" id="id_14489302_3510354_3_1"> Dom Joao. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DomJoaoMember_lbl" xml:lang="en-US" id="id_14489302_3510354_1_1"> Dom Joao [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DomJoaoMember_lbl" xml:lang="en-US" id="id_14489302_3510354_2_1"> Dom Joao [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DomJoaoMember" xlink:to="pbr_DomJoaoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_DouradoMember" xlink:label="pbr_DouradoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_DouradoMember_lbl" xml:lang="en-US" id="id_14489302_3487688_3_1"> Dourado. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_DouradoMember_lbl" xml:lang="en-US" id="id_14489302_3487688_1_1"> Dourado [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_DouradoMember_lbl" xml:lang="en-US" id="id_14489302_3487688_2_1"> Dourado [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_DouradoMember" xlink:to="pbr_DouradoMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EarningsPerShareAbstract" xlink:label="ifrs-full_EarningsPerShareAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EarningsPerShareAbstract_lbl" xml:lang="en-US" id="id_14489302_3419251_1_1"> Earnings per share [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EarningsPerShareAbstract_lbl" xml:lang="en-US" id="id_14489302_3419251_2_1"> Earnings per share [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EarningsPerShareAbstract" xlink:to="ifrs-full_EarningsPerShareAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EarningsPerShareExplanatory" xlink:label="ifrs-full_EarningsPerShareExplanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EarningsPerShareExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419916_1_1"> Earnings per share [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EarningsPerShareExplanatory_lbl" xml:lang="en-US" id="id_14489302_3419916_2_1"> Earnings (Losses) Per Share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EarningsPerShareExplanatory" xlink:to="ifrs-full_EarningsPerShareExplanatory_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EarningsPerShareLineItems" xlink:label="ifrs-full_EarningsPerShareLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EarningsPerShareLineItems_lbl" xml:lang="en-US" id="id_14489302_3419252_1_1"> Earnings per share [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EarningsPerShareLineItems_lbl" xml:lang="en-US" id="id_14489302_3419252_2_1"> Earnings per share [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EarningsPerShareLineItems" xlink:to="ifrs-full_EarningsPerShareLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EarningsPerShareTable" xlink:label="ifrs-full_EarningsPerShareTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EarningsPerShareTable_lbl" xml:lang="en-US" id="id_14489302_3419253_1_1"> Earnings per share [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EarningsPerShareTable_lbl" xml:lang="en-US" id="id_14489302_3419253_2_1"> Earnings per share [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EarningsPerShareTable" xlink:to="ifrs-full_EarningsPerShareTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EconomicRevisionsMember" xlink:label="pbr_EconomicRevisionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EconomicRevisionsMember_lbl" xml:lang="en-US" id="id_14489302_3510330_3_1"> Economic Revisions [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EconomicRevisionsMember_lbl" xml:lang="en-US" id="id_14489302_3510330_1_1"> Economic Revisions [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EconomicRevisionsMember_lbl" xml:lang="en-US" id="id_14489302_3510330_2_1"> Economic Revisions [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EconomicRevisionsMember" xlink:to="pbr_EconomicRevisionsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EcovixAndEnseadaMember" xlink:label="pbr_EcovixAndEnseadaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EcovixAndEnseadaMember_lbl" xml:lang="en-US" id="id_14489302_3491727_3_1"> Ecovix and Enseada. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EcovixAndEnseadaMember_lbl" xml:lang="en-US" id="id_14489302_3491727_1_1"> Ecovix And Enseada [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EcovixAndEnseadaMember_lbl" xml:lang="en-US" id="id_14489302_3491727_2_1"> Ecovix And Enseada [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EcovixAndEnseadaMember" xlink:to="pbr_EcovixAndEnseadaMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3419690_1_1"> Effect of exchange rate changes on cash and cash equivalents </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3419690_2_1"> Effect of exchange rate changes on cash and cash equivalents </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EffectOfExchangeRateFluctuation" xlink:label="pbr_EffectOfExchangeRateFluctuation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EffectOfExchangeRateFluctuation_lbl" xml:lang="en-US" id="id_14489302_3465878_3_1"> Effect of exchange rate fluctuation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EffectOfExchangeRateFluctuation_lbl" xml:lang="en-US" id="id_14489302_3465878_1_1"> Effect of exchange rate fluctuation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EffectOfExchangeRateFluctuation_lbl" xml:lang="en-US" id="id_14489302_3465878_2_1"> Exchange rate differences by diesel international prices and Us dollar </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EffectOfExchangeRateFluctuation" xlink:to="pbr_EffectOfExchangeRateFluctuation_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ElectricityDistributionMember" xlink:label="ifrs-full_ElectricityDistributionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ElectricityDistributionMember_lbl" xml:lang="en-US" id="id_14489302_3419516_1_1"> Electricity distribution [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ElectricityDistributionMember_lbl" xml:lang="en-US" id="id_14489302_3419516_2_1"> Electricity sector [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ElectricityDistributionMember" xlink:to="ifrs-full_ElectricityDistributionMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ElectricityMember" xlink:label="pbr_ElectricityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ElectricityMember_lbl" xml:lang="en-US" id="id_14489302_3484743_3_1"> Electricity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ElectricityMember_lbl" xml:lang="en-US" id="id_14489302_3484743_1_1"> Electricity [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ElectricityMember_lbl" xml:lang="en-US" id="id_14489302_3484743_2_1"> Electricity [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ElectricityMember" xlink:to="pbr_ElectricityMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ElectricitySectorMember" xlink:label="pbr_ElectricitySectorMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ElectricitySectorMember_lbl" xml:lang="en-US" id="id_14489302_3491970_3_1"> Electricity sector. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ElectricitySectorMember_lbl" xml:lang="en-US" id="id_14489302_3491970_1_1"> Electricity sector [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ElectricitySectorMember_lbl" xml:lang="en-US" id="id_14489302_3491970_2_1"> Receivables from the electricity sector [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ElectricitySectorMember" xlink:to="pbr_ElectricitySectorMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ElectrobrasGroupMember" xlink:label="pbr_ElectrobrasGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ElectrobrasGroupMember_lbl" xml:lang="en-US" id="id_14489302_3495659_3_1"> Electrobras group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ElectrobrasGroupMember_lbl" xml:lang="en-US" id="id_14489302_3495659_1_1"> Electrobras group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ElectrobrasGroupMember_lbl" xml:lang="en-US" id="id_14489302_3495659_2_1"> Electrobras group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ElectrobrasGroupMember" xlink:to="pbr_ElectrobrasGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember_lbl" xml:lang="en-US" id="id_14489302_3419697_1_1"> Elimination of intersegment amounts [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember_lbl" xml:lang="en-US" id="id_14489302_3419697_2_1"> Eliminations [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:to="ifrs-full_EliminationOfIntersegmentAmountsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EmployeeBenefitsMember" xlink:label="pbr_EmployeeBenefitsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EmployeeBenefitsMember_lbl" xml:lang="en-US" id="id_14489302_3529783_3_1"> Employee benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EmployeeBenefitsMember_lbl" xml:lang="en-US" id="id_14489302_3529783_1_1"> Employee Benefits [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EmployeeBenefitsMember_lbl" xml:lang="en-US" id="id_14489302_3529783_2_1"> Employee Benefits [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EmployeeBenefitsMember" xlink:to="pbr_EmployeeBenefitsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EmployeeCareerAndCompensationPlan" xlink:label="pbr_EmployeeCareerAndCompensationPlan"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EmployeeCareerAndCompensationPlan_lbl" xml:lang="en-US" id="id_14489302_3541080_3_1"> Employee Career and Compensation Plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EmployeeCareerAndCompensationPlan_lbl" xml:lang="en-US" id="id_14489302_3541080_1_1"> Employee Career and Compensation Plan </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EmployeeCareerAndCompensationPlan_lbl" xml:lang="en-US" id="id_14489302_3541080_2_1"> Employee Career and Compensation Plan - PCR </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EmployeeCareerAndCompensationPlan" xlink:to="pbr_EmployeeCareerAndCompensationPlan_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EmployeeCompensationPayable" xlink:label="pbr_EmployeeCompensationPayable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EmployeeCompensationPayable_lbl" xml:lang="en-US" id="id_14489302_3459566_3_1"> Employee compensation payable. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EmployeeCompensationPayable_lbl" xml:lang="en-US" id="id_14489302_3459566_1_1"> Employee compensation payable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EmployeeCompensationPayable_lbl" xml:lang="en-US" id="id_14489302_3459566_2_1"> Compensation of employees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EmployeeCompensationPayable" xlink:to="pbr_EmployeeCompensationPayable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EmployeesVariableCompensationProgramMember" xlink:label="pbr_EmployeesVariableCompensationProgramMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EmployeesVariableCompensationProgramMember_lbl" xml:lang="en-US" id="id_14489302_3553150_3_1"> Employees variable compensation program. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EmployeesVariableCompensationProgramMember_lbl" xml:lang="en-US" id="id_14489302_3553150_1_1"> Employees variable compensation program [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EmployeesVariableCompensationProgramMember_lbl" xml:lang="en-US" id="id_14489302_3553150_2_1"> Employees variable compensation program [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EmployeesVariableCompensationProgramMember" xlink:to="pbr_EmployeesVariableCompensationProgramMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EmployeeVariableCompensationExpense" xlink:label="pbr_EmployeeVariableCompensationExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EmployeeVariableCompensationExpense_lbl" xml:lang="en-US" id="id_14489302_3553200_3_1"> Employee variable compensation expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EmployeeVariableCompensationExpense_lbl" xml:lang="en-US" id="id_14489302_3553200_1_1"> Employee variable compensation expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EmployeeVariableCompensationExpense_lbl" xml:lang="en-US" id="id_14489302_3553200_2_1"> Variable compensation program </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EmployeeVariableCompensationExpense" xlink:to="pbr_EmployeeVariableCompensationExpense_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EmpresaBrasileiraDeAdministraoDePetrleoGsNaturalPrSalPetrleoMember" xlink:label="pbr_EmpresaBrasileiraDeAdministraoDePetrleoGsNaturalPrSalPetrleoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EmpresaBrasileiraDeAdministraoDePetrleoGsNaturalPrSalPetrleoMember_lbl" xml:lang="en-US" id="id_14489302_3553144_3_1"> Empresa Brasileira de Administrao de Petrleo e Gs Natural Pr Sal Petrleo S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EmpresaBrasileiraDeAdministraoDePetrleoGsNaturalPrSalPetrleoMember_lbl" xml:lang="en-US" id="id_14489302_3553144_1_1"> Empresa Brasileira de Administrao de Petrleo e Gs Natural Pr Sal Petrleo S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EmpresaBrasileiraDeAdministraoDePetrleoGsNaturalPrSalPetrleoMember_lbl" xml:lang="en-US" id="id_14489302_3553144_2_1"> Empresa Brasileira de Administrao de Petrleo e Gs Natural Pr Sal Petrleo S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EmpresaBrasileiraDeAdministraoDePetrleoGsNaturalPrSalPetrleoMember" xlink:to="pbr_EmpresaBrasileiraDeAdministraoDePetrleoGsNaturalPrSalPetrleoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EnergeticaSUAPEIIMember" xlink:label="pbr_EnergeticaSUAPEIIMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EnergeticaSUAPEIIMember_lbl" xml:lang="en-US" id="id_14489302_3487572_3_1"> Energetica SUAPE II. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EnergeticaSUAPEIIMember_lbl" xml:lang="en-US" id="id_14489302_3487572_1_1"> Energetica SUAPE II [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EnergeticaSUAPEIIMember_lbl" xml:lang="en-US" id="id_14489302_3487572_2_1"> Energetica SUAPE II [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EnergeticaSUAPEIIMember" xlink:to="pbr_EnergeticaSUAPEIIMember_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US" id="id_14489302_3419271_1_1"> Entity Address, Address Line One </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US" id="id_14489302_3419271_2_1"> Entity Address Address Line </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US" id="id_14489302_3419707_1_1"> Entity Address, Country </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US" id="id_14489302_3419707_2_1"> Entity Address Country </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US" id="id_14489302_3419937_1_1"> Entity Central Index Key </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US" id="id_14489302_3419937_2_1"> Entity Central Index Key </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityDomain_lbl" xml:lang="en-US" id="id_14489302_3419278_1_1"> Entity [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityDomain_lbl" xml:lang="en-US" id="id_14489302_3419278_2_1"> Entity [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US" id="id_14489302_3419938_1_1"> Entity File Number </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US" id="id_14489302_3419938_2_1"> Entity File Number </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US" id="id_14489302_3419722_1_1"> Entity Registrant Name </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US" id="id_14489302_3419722_2_1"> Entity Registrant Name </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForAssociatesMember" xlink:label="ifrs-full_EntitysTotalForAssociatesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForAssociatesMember_lbl" xml:lang="en-US" id="id_14489302_3419727_1_1"> Entity's total for associates [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForAssociatesMember_lbl" xml:lang="en-US" id="id_14489302_3419727_2_1"> Entity's total for associates [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForAssociatesMember" xlink:to="ifrs-full_EntitysTotalForAssociatesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:label="ifrs-full_EntitysTotalForBusinessCombinationsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForBusinessCombinationsMember_lbl" xml:lang="en-US" id="id_14489302_3419292_1_1"> Entity's total for business combinations [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForBusinessCombinationsMember_lbl" xml:lang="en-US" id="id_14489302_3419292_2_1"> Entity's total for business combinations [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForBusinessCombinationsMember" xlink:to="ifrs-full_EntitysTotalForBusinessCombinationsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForConsolidatedStructuredEntitiesMember" xlink:label="ifrs-full_EntitysTotalForConsolidatedStructuredEntitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForConsolidatedStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_14489302_3419950_1_1"> Entity's total for consolidated structured entities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForConsolidatedStructuredEntitiesMember_lbl" xml:lang="en-US" id="id_14489302_3419950_2_1"> Entity's total for consolidated structured entities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForConsolidatedStructuredEntitiesMember" xlink:to="ifrs-full_EntitysTotalForConsolidatedStructuredEntitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:label="ifrs-full_EntitysTotalForExternalCreditGradesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForExternalCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3419293_1_1"> Entity's total for external credit grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForExternalCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3419293_2_1"> Entity's total for external credit grades [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForExternalCreditGradesMember" xlink:to="ifrs-full_EntitysTotalForExternalCreditGradesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xlink:label="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3419294_1_1"> Entity's total for impairment of financial assets [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3419294_2_1"> Entity's total for impairment of financial assets [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember" xlink:to="ifrs-full_EntitysTotalForImpairmentOfFinancialAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xlink:label="ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember_lbl" xml:lang="en-US" id="id_14489302_3419728_1_1"> Entity's total for individual assets or cash-generating units [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember_lbl" xml:lang="en-US" id="id_14489302_3419728_2_1"> Entity's total for individual assets or cash-generating units [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember" xlink:to="ifrs-full_EntitysTotalForIndividualAssetsOrCashgeneratingUnitsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForJointVenturesMember" xlink:label="ifrs-full_EntitysTotalForJointVenturesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3419731_1_1"> Entity's total for joint ventures [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3419731_2_1"> Entity's total for joint ventures [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForJointVenturesMember" xlink:to="ifrs-full_EntitysTotalForJointVenturesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForProbabilityOfDefaultMember" xlink:label="ifrs-full_EntitysTotalForProbabilityOfDefaultMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForProbabilityOfDefaultMember_lbl" xml:lang="en-US" id="id_14489302_3419732_1_1"> Entity's total for probability of default [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForProbabilityOfDefaultMember_lbl" xml:lang="en-US" id="id_14489302_3419732_2_1"> Entity's total for probability of default [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForProbabilityOfDefaultMember" xlink:to="ifrs-full_EntitysTotalForProbabilityOfDefaultMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:label="ifrs-full_EntitysTotalForRelatedPartiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForRelatedPartiesMember_lbl" xml:lang="en-US" id="id_14489302_3419733_1_1"> Entity's total for related parties [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForRelatedPartiesMember_lbl" xml:lang="en-US" id="id_14489302_3419733_2_1"> Entity's total for related parties [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForRelatedPartiesMember" xlink:to="ifrs-full_EntitysTotalForRelatedPartiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:label="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_lbl" xml:lang="en-US" id="id_14489302_3419952_1_1"> Entity's total for segment consolidation items [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_lbl" xml:lang="en-US" id="id_14489302_3419952_2_1"> Entity's total for segment consolidation items [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember" xlink:to="ifrs-full_EntitysTotalForSegmentConsolidationItemsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EntitysTotalForSubsidiariesMember" xlink:label="ifrs-full_EntitysTotalForSubsidiariesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EntitysTotalForSubsidiariesMember_lbl" xml:lang="en-US" id="id_14489302_3419734_1_1"> Entity's total for subsidiaries [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EntitysTotalForSubsidiariesMember_lbl" xml:lang="en-US" id="id_14489302_3419734_2_1"> Entity's total for subsidiaries [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EntitysTotalForSubsidiariesMember" xlink:to="ifrs-full_EntitysTotalForSubsidiariesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EntornoDeLaraMember" xlink:label="pbr_EntornoDeLaraMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EntornoDeLaraMember_lbl" xml:lang="en-US" id="id_14489302_3487645_3_1"> Entorno de Lara. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EntornoDeLaraMember_lbl" xml:lang="en-US" id="id_14489302_3487645_1_1"> Entorno De Lara [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EntornoDeLaraMember_lbl" xml:lang="en-US" id="id_14489302_3487645_2_1"> Entorno De Lara [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EntornoDeLaraMember" xlink:to="pbr_EntornoDeLaraMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EolicaMangueSecoFourGeradoraEComercializadoraDeEnergiaEletricaSAMember" xlink:label="pbr_EolicaMangueSecoFourGeradoraEComercializadoraDeEnergiaEletricaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EolicaMangueSecoFourGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487564_3_1"> Eolica Mangue Seco 4 Geradora e Comercializadora de Energia Eletrica S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EolicaMangueSecoFourGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487564_1_1"> Eolica Mangue Seco 4 Geradora e Comercializadora de Energia Eletrica S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EolicaMangueSecoFourGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487564_2_1"> Eolica Mangue Seco 4 Geradora e Comercializadora de Energia Eletrica S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EolicaMangueSecoFourGeradoraEComercializadoraDeEnergiaEletricaSAMember" xlink:to="pbr_EolicaMangueSecoFourGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EolicaMangueSecoOneGeradoraEComercializadoraDeEnergiaEletricaSAMember" xlink:label="pbr_EolicaMangueSecoOneGeradoraEComercializadoraDeEnergiaEletricaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EolicaMangueSecoOneGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487567_3_1"> Eolica Mangue Seco 1 Geradora e Comercializadora de Energia Eletrica S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EolicaMangueSecoOneGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487567_1_1"> Eolica Mangue Seco 1 Geradora e Comercializadora de Energia Eletrica S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EolicaMangueSecoOneGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487567_2_1"> Eolica Mangue Seco 1 Geradora e Comercializadora de Energia Eletrica S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EolicaMangueSecoOneGeradoraEComercializadoraDeEnergiaEletricaSAMember" xlink:to="pbr_EolicaMangueSecoOneGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EolicaMangueSecoThreeGeradoraEComercializadoraDeEnergiaEletricaSAMember" xlink:label="pbr_EolicaMangueSecoThreeGeradoraEComercializadoraDeEnergiaEletricaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EolicaMangueSecoThreeGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487565_3_1"> Eolica Mangue Seco 3 Geradora e Comercializadora de Energia Eletrica S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EolicaMangueSecoThreeGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487565_1_1"> Eolica Mangue Seco 3 Geradora e Comercializadora de Energia Eletrica S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EolicaMangueSecoThreeGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487565_2_1"> Eolica Mangue Seco 3 Geradora e Comercializadora de Energia Eletrica S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EolicaMangueSecoThreeGeradoraEComercializadoraDeEnergiaEletricaSAMember" xlink:to="pbr_EolicaMangueSecoThreeGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EolicaMangueSecoTwoGeradoraEComercializadoraDeEnergiaEletricaSAMember" xlink:label="pbr_EolicaMangueSecoTwoGeradoraEComercializadoraDeEnergiaEletricaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EolicaMangueSecoTwoGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487568_3_1"> Eolica Mangue Seco 2 Geradora e Comercializadora de Energia Eletrica S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EolicaMangueSecoTwoGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487568_1_1"> Eolica Mangue Seco 2 Geradora e Comercializadora de Energia Eletrica S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EolicaMangueSecoTwoGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487568_2_1"> Eolica Mangue Seco 2 Geradora e Comercializadora de Energia Eletrica S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EolicaMangueSecoTwoGeradoraEComercializadoraDeEnergiaEletricaSAMember" xlink:to="pbr_EolicaMangueSecoTwoGeradoraEComercializadoraDeEnergiaEletricaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EqualizationExpenses" xlink:label="pbr_EqualizationExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EqualizationExpenses_lbl" xml:lang="en-US" id="id_14489302_3553249_3_1"> Equalization expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EqualizationExpenses_lbl" xml:lang="en-US" id="id_14489302_3553249_1_1"> Equalization expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EqualizationExpenses_lbl" xml:lang="en-US" id="id_14489302_3553249_2_1"> Equalization of expenses - AIP </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EqualizationExpenses" xlink:to="pbr_EqualizationExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EqualizationOfProductionIndividualizationAgreementsExpenses" xlink:label="pbr_EqualizationOfProductionIndividualizationAgreementsExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EqualizationOfProductionIndividualizationAgreementsExpenses_lbl" xml:lang="en-US" id="id_14489302_3553202_3_1"> Equalization of production individualization agreements expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EqualizationOfProductionIndividualizationAgreementsExpenses_lbl" xml:lang="en-US" id="id_14489302_3553202_1_1"> Equalization of production individualization agreements expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EqualizationOfProductionIndividualizationAgreementsExpenses_lbl" xml:lang="en-US" id="id_14489302_3553202_2_1"> Equalization of expenses - Production Individualization Agreements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EqualizationOfProductionIndividualizationAgreementsExpenses" xlink:to="pbr_EqualizationOfProductionIndividualizationAgreementsExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EqualizationPayables" xlink:label="pbr_EqualizationPayables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EqualizationPayables_lbl" xml:lang="en-US" id="id_14489302_3553110_3_1"> Equalization payables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EqualizationPayables_lbl" xml:lang="en-US" id="id_14489302_3553110_1_1"> Equalization payables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EqualizationPayables_lbl" xml:lang="en-US" id="id_14489302_3553110_2_1"> Equalization payables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EqualizationPayables" xlink:to="pbr_EqualizationPayables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EquipmentAndOtherAssetsMember" xlink:label="pbr_EquipmentAndOtherAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EquipmentAndOtherAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3487647_3_1"> Equipment and other assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EquipmentAndOtherAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3487647_1_1"> Equipment And Other Assets [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EquipmentAndOtherAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3487647_2_1"> Equipment and other assets [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EquipmentAndOtherAssetsMember" xlink:to="pbr_EquipmentAndOtherAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Equity" xlink:label="ifrs-full_Equity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US" id="id_14489302_3419957_1_1"> Equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US" id="id_14489302_3419957_4_1"> Balance at the end of the period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US" id="id_14489302_3419957_5_1"> Balance at beginning of the period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US" id="id_14489302_3419957_2_1"> Shareholders' equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US" id="id_14489302_3419957_6_1"> Total equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US" id="id_14489302_3419957_12_1"> Shareholders'equity (deficit) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityAbstract" xlink:label="ifrs-full_EquityAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAbstract_lbl" xml:lang="en-US" id="id_14489302_3419541_1_1"> Equity [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityAbstract_lbl" xml:lang="en-US" id="id_14489302_3419541_2_1"> Equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAbstract" xlink:to="ifrs-full_EquityAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityAndLiabilities" xlink:label="ifrs-full_EquityAndLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en-US" id="id_14489302_3419542_1_1"> Equity and liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en-US" id="id_14489302_3419542_6_1"> Total liabilities and equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilities" xlink:to="ifrs-full_EquityAndLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3419543_1_1"> Equity attributable to owners of parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3419543_6_1"> Attributable to the shareholders of Petrobras </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="ifrs-full_EquityAttributableToOwnersOfParent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember_lbl" xml:lang="en-US" id="id_14489302_3419544_1_1"> Equity attributable to owners of parent [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember_lbl" xml:lang="en-US" id="id_14489302_3419544_2_1"> Equity attributable to shareholders of Petrobras [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="ifrs-full_EquityAttributableToOwnersOfParentMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityMember" xlink:label="ifrs-full_EquityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityMember_lbl" xml:lang="en-US" id="id_14489302_3419740_1_1"> Equity [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityMember_lbl" xml:lang="en-US" id="id_14489302_3419740_2_1"> Equity [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityMember" xlink:to="ifrs-full_EquityMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EquityMethodInvesteeMember" xlink:label="pbr_EquityMethodInvesteeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EquityMethodInvesteeMember_lbl" xml:lang="en-US" id="id_14489302_3538982_3_1"> Equity method investee . </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EquityMethodInvesteeMember_lbl" xml:lang="en-US" id="id_14489302_3538982_1_1"> Equity Method Investee [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EquityMethodInvesteeMember_lbl" xml:lang="en-US" id="id_14489302_3538982_2_1"> Equity Method Investee [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EquityMethodInvesteeMember" xlink:to="pbr_EquityMethodInvesteeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EquityMethodInvestmentOtherThanTemporaryImpairmentAdjustment" xlink:label="pbr_EquityMethodInvestmentOtherThanTemporaryImpairmentAdjustment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EquityMethodInvestmentOtherThanTemporaryImpairmentAdjustment_lbl" xml:lang="en-US" id="id_14489302_3553318_3_1"> Equity method investment other than temporary impairment adjustment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EquityMethodInvestmentOtherThanTemporaryImpairmentAdjustment_lbl" xml:lang="en-US" id="id_14489302_3553318_1_1"> Equity method investment other than temporary impairment adjustment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EquityMethodInvestmentOtherThanTemporaryImpairmentAdjustment_lbl" xml:lang="en-US" id="id_14489302_3553318_2_1"> Impairment reversal for equity-accounted investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EquityMethodInvestmentOtherThanTemporaryImpairmentAdjustment" xlink:to="pbr_EquityMethodInvestmentOtherThanTemporaryImpairmentAdjustment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EquityMethodInvestmentOwnershipPercentageInAssociates" xlink:label="pbr_EquityMethodInvestmentOwnershipPercentageInAssociates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EquityMethodInvestmentOwnershipPercentageInAssociates_lbl" xml:lang="en-US" id="id_14489302_3524379_3_1"> Equity method investment ownership percentage in associates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EquityMethodInvestmentOwnershipPercentageInAssociates_lbl" xml:lang="en-US" id="id_14489302_3524379_1_1"> Equity Method Investment Ownership Percentage In Associates </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EquityMethodInvestmentOwnershipPercentageInAssociates_lbl" xml:lang="en-US" id="id_14489302_3524379_2_1"> Ownership percentage in associates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EquityMethodInvestmentOwnershipPercentageInAssociates" xlink:to="pbr_EquityMethodInvestmentOwnershipPercentageInAssociates_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EquityPortfolioAmount" xlink:label="pbr_EquityPortfolioAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EquityPortfolioAmount_lbl" xml:lang="en-US" id="id_14489302_3529860_3_1"> Equity Portfolio Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EquityPortfolioAmount_lbl" xml:lang="en-US" id="id_14489302_3529860_1_1"> Equity Portfolio Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EquityPortfolioAmount_lbl" xml:lang="en-US" id="id_14489302_3529860_2_1"> Pension plan assets invested portfolio in Petrobras' shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EquityPortfolioAmount" xlink:to="pbr_EquityPortfolioAmount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EquityPriceRiskMember" xlink:label="ifrs-full_EquityPriceRiskMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityPriceRiskMember_lbl" xml:lang="en-US" id="id_14489302_3419960_1_1"> Equity price risk [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityPriceRiskMember_lbl" xml:lang="en-US" id="id_14489302_3419960_2_1"> Equity price risk [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityPriceRiskMember" xlink:to="ifrs-full_EquityPriceRiskMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EquityProfitRetentionReserve" xlink:label="pbr_EquityProfitRetentionReserve"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EquityProfitRetentionReserve_lbl" xml:lang="en-US" id="id_14489302_3529042_3_1"> Equity profit retention reserve. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EquityProfitRetentionReserve_lbl" xml:lang="en-US" id="id_14489302_3529042_1_1"> Equity Profit Retention Reserve </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EquityProfitRetentionReserve_lbl" xml:lang="en-US" id="id_14489302_3529042_2_1"> Equity profit retention reserve </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EquityProfitRetentionReserve" xlink:to="pbr_EquityProfitRetentionReserve_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_ES" xlink:label="country_ES"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_ES_lbl" xml:lang="en-US" id="id_14489302_3419743_1_1"> SPAIN </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_ES_lbl" xml:lang="en-US" id="id_14489302_3419743_2_1"> Spain [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_ES" xlink:to="country_ES_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EscrowAccountPledgedAsCollateral" xlink:label="pbr_EscrowAccountPledgedAsCollateral"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EscrowAccountPledgedAsCollateral_lbl" xml:lang="en-US" id="id_14489302_3461249_3_1"> Escrow account pledged as collateral </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EscrowAccountPledgedAsCollateral_lbl" xml:lang="en-US" id="id_14489302_3461249_1_1"> Escrow account pledged as collateral </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EscrowAccountPledgedAsCollateral_lbl" xml:lang="en-US" id="id_14489302_3461249_2_1"> Escrow account - Class action agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EscrowAccountPledgedAsCollateral" xlink:to="pbr_EscrowAccountPledgedAsCollateral_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EscrowDeposit1" xlink:label="pbr_EscrowDeposit1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EscrowDeposit1_lbl" xml:lang="en-US" id="id_14489302_3464604_3_1"> Escrow deposit </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EscrowDeposit1_lbl" xml:lang="en-US" id="id_14489302_3464604_1_1"> Escrow deposit1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EscrowDeposit1_lbl" xml:lang="en-US" id="id_14489302_3464604_2_1"> Deposit in escrow account </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EscrowDeposit1" xlink:to="pbr_EscrowDeposit1_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EspadarteMember" xlink:label="pbr_EspadarteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EspadarteMember_lbl" xml:lang="en-US" id="id_14489302_3487760_3_1"> Espadarte. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EspadarteMember_lbl" xml:lang="en-US" id="id_14489302_3487760_1_1"> Espadarte [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EspadarteMember_lbl" xml:lang="en-US" id="id_14489302_3487760_2_1"> Espadarte [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EspadarteMember" xlink:to="pbr_EspadarteMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EspiritoSantoBasinMember" xlink:label="pbr_EspiritoSantoBasinMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EspiritoSantoBasinMember_lbl" xml:lang="en-US" id="id_14489302_3553117_3_1"> Espirito Santo basin. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EspiritoSantoBasinMember_lbl" xml:lang="en-US" id="id_14489302_3553117_1_1"> Espirito Santo basin [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EspiritoSantoBasinMember_lbl" xml:lang="en-US" id="id_14489302_3553117_2_1"> Espirito Santo basin [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EspiritoSantoBasinMember" xlink:to="pbr_EspiritoSantoBasinMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EstimatedContingentLiabilitiesForLegalProceedingsLineItems" xlink:label="pbr_EstimatedContingentLiabilitiesForLegalProceedingsLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EstimatedContingentLiabilitiesForLegalProceedingsLineItems_lbl" xml:lang="en-US" id="id_14489302_3432224_3_1"> Estimated contingent liabilities for legal proceedings [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EstimatedContingentLiabilitiesForLegalProceedingsLineItems_lbl" xml:lang="en-US" id="id_14489302_3432224_1_1"> Estimated contingent liabilities for legal proceedings [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EstimatedContingentLiabilitiesForLegalProceedingsLineItems_lbl" xml:lang="en-US" id="id_14489302_3432224_2_1"> Estimated contingent liabilities for legal proceedings [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EstimatedContingentLiabilitiesForLegalProceedingsLineItems" xlink:to="pbr_EstimatedContingentLiabilitiesForLegalProceedingsLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EstimatedContingentLiabilitiesForLegalProceedingsTable" xlink:label="pbr_EstimatedContingentLiabilitiesForLegalProceedingsTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EstimatedContingentLiabilitiesForLegalProceedingsTable_lbl" xml:lang="en-US" id="id_14489302_3475521_3_1"> Estimated contingent liabilities for legal proceedings [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EstimatedContingentLiabilitiesForLegalProceedingsTable_lbl" xml:lang="en-US" id="id_14489302_3475521_1_1"> Estimated contingent liabilities for legal proceedings [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EstimatedContingentLiabilitiesForLegalProceedingsTable_lbl" xml:lang="en-US" id="id_14489302_3475521_2_1"> Estimated contingent liabilities for legal proceedings [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EstimatedContingentLiabilitiesForLegalProceedingsTable" xlink:to="pbr_EstimatedContingentLiabilitiesForLegalProceedingsTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EstimatedCosts" xlink:label="pbr_EstimatedCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EstimatedCosts_lbl" xml:lang="en-US" id="id_14489302_4062044_3_1"> Estimated costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EstimatedCosts_lbl" xml:lang="en-US" id="id_14489302_4062044_1_1"> Estimated costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EstimatedCosts_lbl" xml:lang="en-US" id="id_14489302_4062044_2_1"> Estimated costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EstimatedCosts" xlink:to="pbr_EstimatedCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EstimatedValueOfLeaseAgreement" xlink:label="pbr_EstimatedValueOfLeaseAgreement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EstimatedValueOfLeaseAgreement_lbl" xml:lang="en-US" id="id_14489302_3553145_3_1"> Estimated value of lease agreement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EstimatedValueOfLeaseAgreement_lbl" xml:lang="en-US" id="id_14489302_3553145_1_1"> Estimated value of lease agreement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EstimatedValueOfLeaseAgreement_lbl" xml:lang="en-US" id="id_14489302_3553145_2_1"> Estimated lease amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EstimatedValueOfLeaseAgreement" xlink:to="pbr_EstimatedValueOfLeaseAgreement_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EstimatedValueOfNaturalGas" xlink:label="pbr_EstimatedValueOfNaturalGas"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EstimatedValueOfNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3450620_3_1"> Estimated value of natural gas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EstimatedValueOfNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3450620_1_1"> Estimated Value Of Natural Gas </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EstimatedValueOfNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3450620_2_1"> Estimated Value Of Natural Gas </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EstimatedValueOfNaturalGas" xlink:to="pbr_EstimatedValueOfNaturalGas_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EstimateOfContributionAmountRecognized" xlink:label="pbr_EstimateOfContributionAmountRecognized"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EstimateOfContributionAmountRecognized_lbl" xml:lang="en-US" id="id_14489302_3553184_3_1"> Estimate of contribution amount recognized. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EstimateOfContributionAmountRecognized_lbl" xml:lang="en-US" id="id_14489302_3553184_1_1"> Estimate of contribution amount recognized </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EstimateOfContributionAmountRecognized_lbl" xml:lang="en-US" id="id_14489302_3553184_2_1"> Estimated costs amounting </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EstimateOfContributionAmountRecognized" xlink:to="pbr_EstimateOfContributionAmountRecognized_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:label="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_lbl" xml:lang="en-US" id="id_14489302_3419745_1_1"> Estimate of contributions expected to be paid to plan for next annual reporting period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_lbl" xml:lang="en-US" id="id_14489302_3419745_2_1"> Employers' expected contributions to the plan for 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:to="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EthanolNitrogenProductsAndRenewablesMember" xlink:label="pbr_EthanolNitrogenProductsAndRenewablesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EthanolNitrogenProductsAndRenewablesMember_lbl" xml:lang="en-US" id="id_14489302_3487193_3_1"> Ethanol nitrogen products and renewables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EthanolNitrogenProductsAndRenewablesMember_lbl" xml:lang="en-US" id="id_14489302_3487193_1_1"> Ethanol Nitrogen Products and Renewables [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EthanolNitrogenProductsAndRenewablesMember_lbl" xml:lang="en-US" id="id_14489302_3487193_2_1"> Ethanol Nitrogen Products and Renewables [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EthanolNitrogenProductsAndRenewablesMember" xlink:to="pbr_EthanolNitrogenProductsAndRenewablesMember_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd#currency_EUR" xlink:label="currency_EUR"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_EUR_lbl" xml:lang="en-US" id="id_14489302_3419751_1_1"> Euro Member Countries, Euro </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="currency_EUR_lbl" xml:lang="en-US" id="id_14489302_3419751_2_1"> Euro Member Countries, Euro [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_EUR" xlink:to="currency_EUR_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EuroPerDollarMember" xlink:label="pbr_EuroPerDollarMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EuroPerDollarMember_lbl" xml:lang="en-US" id="id_14489302_3531528_3_1"> Euro per dollar. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EuroPerDollarMember_lbl" xml:lang="en-US" id="id_14489302_3531528_1_1"> Euro Per Dollar [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EuroPerDollarMember_lbl" xml:lang="en-US" id="id_14489302_3531528_2_1"> Euro/Dollar [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EuroPerDollarMember" xlink:to="pbr_EuroPerDollarMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EuroPerRealMember" xlink:label="pbr_EuroPerRealMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EuroPerRealMember_lbl" xml:lang="en-US" id="id_14489302_3498447_3_1"> Euro per real. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EuroPerRealMember_lbl" xml:lang="en-US" id="id_14489302_3498447_1_1"> Euro Per Real [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EuroPerRealMember_lbl" xml:lang="en-US" id="id_14489302_3498447_2_1"> Euro/Real [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EuroPerRealMember" xlink:to="pbr_EuroPerRealMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_EventsAfterReportingPeriodMember" xlink:label="pbr_EventsAfterReportingPeriodMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_EventsAfterReportingPeriodMember_lbl" xml:lang="en-US" id="id_14489302_3500108_3_1"> Events After Reporting Period [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_EventsAfterReportingPeriodMember_lbl" xml:lang="en-US" id="id_14489302_3500108_1_1"> Events After Reporting Period [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_EventsAfterReportingPeriodMember_lbl" xml:lang="en-US" id="id_14489302_3500108_2_1"> Events After Reporting Period [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_EventsAfterReportingPeriodMember" xlink:to="pbr_EventsAfterReportingPeriodMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:label="ifrs-full_ExchangeDifferencesOnTranslationAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExchangeDifferencesOnTranslationAbstract_lbl" xml:lang="en-US" id="id_14489302_3419965_1_1"> Exchange differences on translation [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExchangeDifferencesOnTranslationAbstract_lbl" xml:lang="en-US" id="id_14489302_3419965_2_1"> Cumulative translation adjustments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExchangeDifferencesOnTranslationAbstract" xlink:to="ifrs-full_ExchangeDifferencesOnTranslationAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExpectedCreditLosses" xlink:label="pbr_ExpectedCreditLosses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExpectedCreditLosses_lbl" xml:lang="en-US" id="id_14489302_3439237_3_1"> Expected credit losses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExpectedCreditLosses_lbl" xml:lang="en-US" id="id_14489302_3439237_1_1"> Expected Credit Losses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExpectedCreditLosses_lbl" xml:lang="en-US" id="id_14489302_3439237_2_1"> ECL </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_ExpectedCreditLosses_lbl" xml:lang="en-US" id="id_14489302_3439237_14_1"> ECL </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExpectedCreditLosses" xlink:to="pbr_ExpectedCreditLosses_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExpectedReclassificationOfCumulativeForeignExchangeLossesRecognizedInOtherComprehensiveIncome" xlink:label="pbr_ExpectedReclassificationOfCumulativeForeignExchangeLossesRecognizedInOtherComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExpectedReclassificationOfCumulativeForeignExchangeLossesRecognizedInOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3450559_3_1"> Expected reclassification of cumulative foreign exchange losses recognized in other comprehensive income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExpectedReclassificationOfCumulativeForeignExchangeLossesRecognizedInOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3450559_1_1"> Expected Reclassification Of Cumulative Foreign Exchange Losses Recognized In Other Comprehensive Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExpectedReclassificationOfCumulativeForeignExchangeLossesRecognizedInOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3450559_2_1"> Expected realization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExpectedReclassificationOfCumulativeForeignExchangeLossesRecognizedInOtherComprehensiveIncome" xlink:to="pbr_ExpectedReclassificationOfCumulativeForeignExchangeLossesRecognizedInOtherComprehensiveIncome_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExpenseArisingFromChargesOfExplorationForAndEvaluationCapitalized" xlink:label="pbr_ExpenseArisingFromChargesOfExplorationForAndEvaluationCapitalized"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExpenseArisingFromChargesOfExplorationForAndEvaluationCapitalized_lbl" xml:lang="en-US" id="id_14489302_3450628_3_1"> Expense arising from charges of exploration for and evaluation capitalized. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExpenseArisingFromChargesOfExplorationForAndEvaluationCapitalized_lbl" xml:lang="en-US" id="id_14489302_3450628_1_1"> Expense Arising From Charges of Exploration for and Evaluation Capitalized. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExpenseArisingFromChargesOfExplorationForAndEvaluationCapitalized_lbl" xml:lang="en-US" id="id_14489302_3450628_2_1"> Capitalized exploratory costs charged to expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExpenseArisingFromChargesOfExplorationForAndEvaluationCapitalized" xlink:to="pbr_ExpenseArisingFromChargesOfExplorationForAndEvaluationCapitalized_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources" xlink:label="ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_14489302_3419756_1_1"> Expense arising from exploration for and evaluation of mineral resources </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_14489302_3419756_6_1"> Total expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_14489302_3419756_14_1"> Exploration costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources" xlink:to="ifrs-full_ExpenseArisingFromExplorationForAndEvaluationOfMineralResources_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExpenseArisingFromExplorationOfGeologicalAndGeophysicalCosts" xlink:label="pbr_ExpenseArisingFromExplorationOfGeologicalAndGeophysicalCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExpenseArisingFromExplorationOfGeologicalAndGeophysicalCosts_lbl" xml:lang="en-US" id="id_14489302_3450622_3_1"> Expense arising from exploration of geological and geophysical costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExpenseArisingFromExplorationOfGeologicalAndGeophysicalCosts_lbl" xml:lang="en-US" id="id_14489302_3450622_1_1"> Expense Arising From Exploration Of Geological And Geophysical Costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExpenseArisingFromExplorationOfGeologicalAndGeophysicalCosts_lbl" xml:lang="en-US" id="id_14489302_3450622_2_1"> Geological and geophysical expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExpenseArisingFromExplorationOfGeologicalAndGeophysicalCosts" xlink:to="pbr_ExpenseArisingFromExplorationOfGeologicalAndGeophysicalCosts_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ExpenseByNature" xlink:label="ifrs-full_ExpenseByNature"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpenseByNature_lbl" xml:lang="en-US" id="id_14489302_3419321_1_1"> Expenses, by nature </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_ExpenseByNature_lbl" xml:lang="en-US" id="id_14489302_3419321_19_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseByNature" xlink:to="ifrs-full_ExpenseByNature_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl" xml:lang="en-US" id="id_14489302_3419569_1_1"> Expense from share-based payment transactions with employees </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl" xml:lang="en-US" id="id_14489302_3419569_14_1"> Employee compensation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees" xlink:to="ifrs-full_ExpenseFromSharebasedPaymentTransactionsWithEmployees_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExpenseRelatingToProfitSharing" xlink:label="pbr_ExpenseRelatingToProfitSharing"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExpenseRelatingToProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3461217_3_1"> Expense relating to Profit- sharing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExpenseRelatingToProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3461217_1_1"> Expense relating to Profit- sharing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExpenseRelatingToProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3461217_2_1"> Profit sharing </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExpenseRelatingToProfitSharing" xlink:to="pbr_ExpenseRelatingToProfitSharing_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExpensesRelatedToHealthSafetyAndEnvironment" xlink:label="pbr_ExpensesRelatedToHealthSafetyAndEnvironment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExpensesRelatedToHealthSafetyAndEnvironment_lbl" xml:lang="en-US" id="id_14489302_3456070_3_1"> Expenses related to health safety and environment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExpensesRelatedToHealthSafetyAndEnvironment_lbl" xml:lang="en-US" id="id_14489302_3456070_1_1"> Expenses Related To Health Safety And Environment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExpensesRelatedToHealthSafetyAndEnvironment_lbl" xml:lang="en-US" id="id_14489302_3456070_2_1"> Health, safety and environment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExpensesRelatedToHealthSafetyAndEnvironment" xlink:to="pbr_ExpensesRelatedToHealthSafetyAndEnvironment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ExplanationOfMainEventsAndCircumstancesThatLedToRecognitionOfImpairmentLossesAndReversalsOfImpairmentLosses" xlink:label="ifrs-full_ExplanationOfMainEventsAndCircumstancesThatLedToRecognitionOfImpairmentLossesAndReversalsOfImpairmentLosses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExplanationOfMainEventsAndCircumstancesThatLedToRecognitionOfImpairmentLossesAndReversalsOfImpairmentLosses_lbl" xml:lang="en-US" id="id_14489302_3419593_1_1"> Explanation of main events and circumstances that led to recognition of impairment losses and reversals of impairment losses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExplanationOfMainEventsAndCircumstancesThatLedToRecognitionOfImpairmentLossesAndReversalsOfImpairmentLosses_lbl" xml:lang="en-US" id="id_14489302_3419593_2_1"> Recognition of impairment losses, description </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExplanationOfMainEventsAndCircumstancesThatLedToRecognitionOfImpairmentLossesAndReversalsOfImpairmentLosses" xlink:to="ifrs-full_ExplanationOfMainEventsAndCircumstancesThatLedToRecognitionOfImpairmentLossesAndReversalsOfImpairmentLosses_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlows" xlink:label="ifrs-full_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlows"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlows_lbl" xml:lang="en-US" id="id_14489302_3419359_1_1"> Explanation of period over which management has projected cash flows </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlows_lbl" xml:lang="en-US" id="id_14489302_3419359_2_1"> Cash flow projections covering period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlows" xlink:to="ifrs-full_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlows_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExplanationOfReasonsForSignificantChangesInFinancialStatementLineItemsDueToApplicationOfIfrs15Explanatory" xlink:label="pbr_ExplanationOfReasonsForSignificantChangesInFinancialStatementLineItemsDueToApplicationOfIfrs15Explanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExplanationOfReasonsForSignificantChangesInFinancialStatementLineItemsDueToApplicationOfIfrs15Explanatory_lbl" xml:lang="en-US" id="id_14489302_3521668_3_1"> Explanation of reasons for significant changes in financial statement line items due to application of IFRS 15. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExplanationOfReasonsForSignificantChangesInFinancialStatementLineItemsDueToApplicationOfIfrs15Explanatory_lbl" xml:lang="en-US" id="id_14489302_3521668_1_1"> Explanation of reasons for significant changes in financial statement line items due to application of IFRS 15 [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExplanationOfReasonsForSignificantChangesInFinancialStatementLineItemsDueToApplicationOfIfrs15Explanatory_lbl" xml:lang="en-US" id="id_14489302_3521668_2_1"> Impacts of Adoption of IFRS 15 Standard </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExplanationOfReasonsForSignificantChangesInFinancialStatementLineItemsDueToApplicationOfIfrs15Explanatory" xlink:to="pbr_ExplanationOfReasonsForSignificantChangesInFinancialStatementLineItemsDueToApplicationOfIfrs15Explanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExplorationAndDecommissioningCostsMember" xlink:label="pbr_ExplorationAndDecommissioningCostsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExplorationAndDecommissioningCostsMember_lbl" xml:lang="en-US" id="id_14489302_3510791_3_1"> Exploration and decommissioning costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExplorationAndDecommissioningCostsMember_lbl" xml:lang="en-US" id="id_14489302_3510791_1_1"> Exploration And Decommissioning Costs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExplorationAndDecommissioningCostsMember_lbl" xml:lang="en-US" id="id_14489302_3510791_2_1"> Exploration and decommissioning costs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExplorationAndDecommissioningCostsMember" xlink:to="pbr_ExplorationAndDecommissioningCostsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExplorationAndDevelopmentCostsMember" xlink:label="pbr_ExplorationAndDevelopmentCostsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExplorationAndDevelopmentCostsMember_lbl" xml:lang="en-US" id="id_14489302_3486992_3_1"> Exploration and development costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExplorationAndDevelopmentCostsMember_lbl" xml:lang="en-US" id="id_14489302_3486992_1_1"> Exploration And Development Costs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExplorationAndDevelopmentCostsMember_lbl" xml:lang="en-US" id="id_14489302_3486992_2_1"> Exploration and development costs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExplorationAndDevelopmentCostsMember" xlink:to="pbr_ExplorationAndDevelopmentCostsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ExplorationAndEvaluationAssetsMember" xlink:label="ifrs-full_ExplorationAndEvaluationAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExplorationAndEvaluationAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3419614_1_1"> Exploration and evaluation assets [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExplorationAndEvaluationAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3419614_2_1"> Exploration and evaluation assets [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExplorationAndEvaluationAssetsMember" xlink:to="ifrs-full_ExplorationAndEvaluationAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExplorationAndProductionCosts" xlink:label="pbr_ExplorationAndProductionCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExplorationAndProductionCosts_lbl" xml:lang="en-US" id="id_14489302_3539352_3_1"> Exploration and production costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExplorationAndProductionCosts_lbl" xml:lang="en-US" id="id_14489302_3539352_1_1"> Exploration and production costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExplorationAndProductionCosts_lbl" xml:lang="en-US" id="id_14489302_3539352_2_1"> Expenses/Reimbursements from E&P partnership operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExplorationAndProductionCosts" xlink:to="pbr_ExplorationAndProductionCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExplorationAndProductionMember" xlink:label="pbr_ExplorationAndProductionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExplorationAndProductionMember_lbl" xml:lang="en-US" id="id_14489302_3501607_3_1"> Exploration and production. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExplorationAndProductionMember_lbl" xml:lang="en-US" id="id_14489302_3501607_1_1"> Exploration and production [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExplorationAndProductionMember_lbl" xml:lang="en-US" id="id_14489302_3501607_2_1"> Exploration and Production [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExplorationAndProductionMember" xlink:to="pbr_ExplorationAndProductionMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExplorationAndProductionRefiningTransportationAndMarketingGasAndPowerAndDistributionSegmentMember" xlink:label="pbr_ExplorationAndProductionRefiningTransportationAndMarketingGasAndPowerAndDistributionSegmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExplorationAndProductionRefiningTransportationAndMarketingGasAndPowerAndDistributionSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3487635_3_1"> Exploration and production refining transportation and marketing gas and power and distribution segment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExplorationAndProductionRefiningTransportationAndMarketingGasAndPowerAndDistributionSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3487635_1_1"> Exploration And Production Refining Transportation And Marketing Gas And Power And Distribution Segment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExplorationAndProductionRefiningTransportationAndMarketingGasAndPowerAndDistributionSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3487635_2_1"> Exploration and Production Refining Transportation and Marketing Gas and Power and Distribution Segment [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExplorationAndProductionRefiningTransportationAndMarketingGasAndPowerAndDistributionSegmentMember" xlink:to="pbr_ExplorationAndProductionRefiningTransportationAndMarketingGasAndPowerAndDistributionSegmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExplorationAndProductionSegmentMember" xlink:label="pbr_ExplorationAndProductionSegmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExplorationAndProductionSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3492095_3_1"> Exploration and production segment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExplorationAndProductionSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3492095_1_1"> Exploration and production segment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExplorationAndProductionSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3492095_2_1"> Exploration and production segment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExplorationAndProductionSegmentMember" xlink:to="pbr_ExplorationAndProductionSegmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExplorationCostsRecognisedInIncomeAbstract" xlink:label="pbr_ExplorationCostsRecognisedInIncomeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExplorationCostsRecognisedInIncomeAbstract_lbl" xml:lang="en-US" id="id_14489302_3430590_3_1"> Exploration costs recognised in income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExplorationCostsRecognisedInIncomeAbstract_lbl" xml:lang="en-US" id="id_14489302_3430590_1_1"> Exploration Costs Recognised In Income [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExplorationCostsRecognisedInIncomeAbstract_lbl" xml:lang="en-US" id="id_14489302_3430590_2_1"> Exploration costs recognized in the statement of income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExplorationCostsRecognisedInIncomeAbstract" xlink:to="pbr_ExplorationCostsRecognisedInIncomeAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExplorationCostsRecognizedInContractualPenalties" xlink:label="pbr_ExplorationCostsRecognizedInContractualPenalties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExplorationCostsRecognizedInContractualPenalties_lbl" xml:lang="en-US" id="id_14489302_3461237_3_1"> Exploration costs recognized in contractual penalties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExplorationCostsRecognizedInContractualPenalties_lbl" xml:lang="en-US" id="id_14489302_3461237_1_1"> Exploration costs recognized in contractual penalties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExplorationCostsRecognizedInContractualPenalties_lbl" xml:lang="en-US" id="id_14489302_3461237_2_1"> Contractual penalties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExplorationCostsRecognizedInContractualPenalties" xlink:to="pbr_ExplorationCostsRecognizedInContractualPenalties_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExplorationDrillingCostsWorkInProgress" xlink:label="pbr_ExplorationDrillingCostsWorkInProgress"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExplorationDrillingCostsWorkInProgress_lbl" xml:lang="en-US" id="id_14489302_3450550_3_1"> Exploration drilling costs work in progress. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExplorationDrillingCostsWorkInProgress_lbl" xml:lang="en-US" id="id_14489302_3450550_1_1"> Exploration Drilling Costs Work In Progress </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExplorationDrillingCostsWorkInProgress_lbl" xml:lang="en-US" id="id_14489302_3450550_2_1"> Exploratory well costs, drilling work in progress </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExplorationDrillingCostsWorkInProgress" xlink:to="pbr_ExplorationDrillingCostsWorkInProgress_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExplorationExpendituresWrittenoff" xlink:label="pbr_ExplorationExpendituresWrittenoff"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExplorationExpendituresWrittenoff_lbl" xml:lang="en-US" id="id_14489302_3450623_3_1"> Exploration expenditures writtenoff. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExplorationExpendituresWrittenoff_lbl" xml:lang="en-US" id="id_14489302_3450623_1_1"> Exploration Expenditures WrittenOff </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExplorationExpendituresWrittenoff_lbl" xml:lang="en-US" id="id_14489302_3450623_2_1"> Exploration expenditures written off (includes dry wells and signature bonuses) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExplorationExpendituresWrittenoff" xlink:to="pbr_ExplorationExpendituresWrittenoff_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExploratoryBlockBms8Member" xlink:label="pbr_ExploratoryBlockBms8Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExploratoryBlockBms8Member_lbl" xml:lang="en-US" id="id_14489302_3487628_3_1"> Exploratory block BMS8. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExploratoryBlockBms8Member_lbl" xml:lang="en-US" id="id_14489302_3487628_1_1"> Exploratory Block BMS8 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExploratoryBlockBms8Member_lbl" xml:lang="en-US" id="id_14489302_3487628_2_1"> Exploratory Block BM-S-8 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExploratoryBlockBms8Member" xlink:to="pbr_ExploratoryBlockBms8Member_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExploratoryExpenditureWrittenOff" xlink:label="pbr_ExploratoryExpenditureWrittenOff"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExploratoryExpenditureWrittenOff_lbl" xml:lang="en-US" id="id_14489302_3450398_3_1"> Exploratory expenditure written off. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExploratoryExpenditureWrittenOff_lbl" xml:lang="en-US" id="id_14489302_3450398_1_1"> Exploratory Expenditure Written Off </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExploratoryExpenditureWrittenOff_lbl" xml:lang="en-US" id="id_14489302_3450398_2_1"> Exploratory expenditures write-offs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_ExploratoryExpenditureWrittenOff_lbl" xml:lang="en-US" id="id_14489302_3450398_14_1"> Exploration expenditures written off (includes dry wells and signature bonuses) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExploratoryExpenditureWrittenOff" xlink:to="pbr_ExploratoryExpenditureWrittenOff_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExploratoryWellCostsOrAcquisitionCostsCapitalised" xlink:label="pbr_ExploratoryWellCostsOrAcquisitionCostsCapitalised"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExploratoryWellCostsOrAcquisitionCostsCapitalised_lbl" xml:lang="en-US" id="id_14489302_3450630_3_1"> Exploratory well costs or acquisition costs capitalised. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExploratoryWellCostsOrAcquisitionCostsCapitalised_lbl" xml:lang="en-US" id="id_14489302_3450630_1_1"> Exploratory Well Costs or Acquisition Costs Capitalised </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExploratoryWellCostsOrAcquisitionCostsCapitalised_lbl" xml:lang="en-US" id="id_14489302_3450630_2_1"> Capitalized Exploratory Well Costs / Capitalized Acquisition Costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExploratoryWellCostsOrAcquisitionCostsCapitalised" xlink:to="pbr_ExploratoryWellCostsOrAcquisitionCostsCapitalised_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExploratoryWellCostsReservesIncurred" xlink:label="pbr_ExploratoryWellCostsReservesIncurred"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExploratoryWellCostsReservesIncurred_lbl" xml:lang="en-US" id="id_14489302_3450551_3_1"> Exploratory well costs reserves incurred. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExploratoryWellCostsReservesIncurred_lbl" xml:lang="en-US" id="id_14489302_3450551_1_1"> Exploratory Well Costs Reserves Incurred </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExploratoryWellCostsReservesIncurred_lbl" xml:lang="en-US" id="id_14489302_3450551_2_1"> Exploratory well costs, cost incurred to evaluate reserves and potential development </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExploratoryWellCostsReservesIncurred" xlink:to="pbr_ExploratoryWellCostsReservesIncurred_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExportCreditAgenciesMember" xlink:label="pbr_ExportCreditAgenciesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExportCreditAgenciesMember_lbl" xml:lang="en-US" id="id_14489302_3480060_3_1"> Export credit agencies. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExportCreditAgenciesMember_lbl" xml:lang="en-US" id="id_14489302_3480060_1_1"> Export Credit Agencies [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExportCreditAgenciesMember_lbl" xml:lang="en-US" id="id_14489302_3480060_2_1"> Export Credit Agencies [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExportCreditAgenciesMember" xlink:to="pbr_ExportCreditAgenciesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ExportsMember" xlink:label="pbr_ExportsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ExportsMember_lbl" xml:lang="en-US" id="id_14489302_3487195_3_1"> Exports. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ExportsMember_lbl" xml:lang="en-US" id="id_14489302_3487195_1_1"> Exports [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ExportsMember_lbl" xml:lang="en-US" id="id_14489302_3487195_2_1"> Exports [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ExportsMember" xlink:to="pbr_ExportsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ExternalCreditGradesAxis" xlink:label="ifrs-full_ExternalCreditGradesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExternalCreditGradesAxis_lbl" xml:lang="en-US" id="id_14489302_3419370_1_1"> External credit grades [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExternalCreditGradesAxis_lbl" xml:lang="en-US" id="id_14489302_3419370_2_1"> External credit grades [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExternalCreditGradesAxis" xlink:to="ifrs-full_ExternalCreditGradesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FabricaCariocaDeCatalizadoresSAFCCMember" xlink:label="pbr_FabricaCariocaDeCatalizadoresSAFCCMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FabricaCariocaDeCatalizadoresSAFCCMember_lbl" xml:lang="en-US" id="id_14489302_3487535_3_1"> Fabrica Carioca de Catalizadores S.A.FCC. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FabricaCariocaDeCatalizadoresSAFCCMember_lbl" xml:lang="en-US" id="id_14489302_3487535_1_1"> Fabrica Carioca de Catalizadores S.A.FCC [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FabricaCariocaDeCatalizadoresSAFCCMember_lbl" xml:lang="en-US" id="id_14489302_3487535_2_1"> Fabrica Carioca de Catalizadores S.A.FCC [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FabricaCariocaDeCatalizadoresSAFCCMember" xlink:to="pbr_FabricaCariocaDeCatalizadoresSAFCCMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FacilitiesEquipmentInventoryAndProductsInventoryMember" xlink:label="pbr_FacilitiesEquipmentInventoryAndProductsInventoryMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FacilitiesEquipmentInventoryAndProductsInventoryMember_lbl" xml:lang="en-US" id="id_14489302_3487811_3_1"> Facilities equipment inventory and products inventory. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FacilitiesEquipmentInventoryAndProductsInventoryMember_lbl" xml:lang="en-US" id="id_14489302_3487811_1_1"> Facilities Equipment Inventory And Products Inventory [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FacilitiesEquipmentInventoryAndProductsInventoryMember_lbl" xml:lang="en-US" id="id_14489302_3487811_2_1"> Facilities, equipment inventory and products inventory [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FacilitiesEquipmentInventoryAndProductsInventoryMember" xlink:to="pbr_FacilitiesEquipmentInventoryAndProductsInventoryMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FairValueHedgesMember" xlink:label="ifrs-full_FairValueHedgesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FairValueHedgesMember_lbl" xml:lang="en-US" id="id_14489302_3419376_1_1"> Fair value hedges [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FairValueHedgesMember_lbl" xml:lang="en-US" id="id_14489302_3419376_2_1"> Fair value hedges [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FairValueHedgesMember" xlink:to="ifrs-full_FairValueHedgesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FairValueOfDerivativeFinancialAssetsLiability" xlink:label="pbr_FairValueOfDerivativeFinancialAssetsLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FairValueOfDerivativeFinancialAssetsLiability_lbl" xml:lang="en-US" id="id_14489302_3465831_3_1"> Fair value of derivative financial assets (liability). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FairValueOfDerivativeFinancialAssetsLiability_lbl" xml:lang="en-US" id="id_14489302_3465831_1_1"> Fair Value Of Derivative Financial Assets (Liability) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FairValueOfDerivativeFinancialAssetsLiability_lbl" xml:lang="en-US" id="id_14489302_3465831_2_1"> Fair value Asset Position (Liability) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FairValueOfDerivativeFinancialAssetsLiability" xlink:to="pbr_FairValueOfDerivativeFinancialAssetsLiability_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" xlink:label="ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished_lbl" xml:lang="en-US" id="id_14489302_3420031_1_1"> Fair value of investments in associates for which there are quoted market prices </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished_lbl" xml:lang="en-US" id="id_14489302_3420031_2_1"> Market value, Associate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished" xlink:to="ifrs-full_FairValueOfInvestmentsInAssociatesWherePriceQuotationsPublished_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FairValueOfPlanAssets" xlink:label="pbr_FairValueOfPlanAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3443648_3_1"> Fair value of plan assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3443648_1_1"> Fair Value of Plan Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="pbr_FairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3443648_4_1"> Fair value of plan assets at the end of the year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="pbr_FairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3443648_5_1"> Fair value of plan assets at the beginning of the year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_FairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3443648_14_1"> Fair value of plan assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FairValueOfPlanAssets" xlink:to="pbr_FairValueOfPlanAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FazendaAlegreGroupMember" xlink:label="pbr_FazendaAlegreGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FazendaAlegreGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510345_3_1"> Fazenda Alegre group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FazendaAlegreGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510345_1_1"> Fazenda Alegre group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FazendaAlegreGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510345_2_1"> Fazenda Alegre group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FazendaAlegreGroupMember" xlink:to="pbr_FazendaAlegreGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FazendaBalsamoMember" xlink:label="pbr_FazendaBalsamoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FazendaBalsamoMember_lbl" xml:lang="en-US" id="id_14489302_3486934_3_1"> Fazenda Balsamo. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FazendaBalsamoMember_lbl" xml:lang="en-US" id="id_14489302_3486934_1_1"> Fazenda Balsamo [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FazendaBalsamoMember_lbl" xml:lang="en-US" id="id_14489302_3486934_2_1"> Fazenda Balsamo [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FazendaBalsamoMember" xlink:to="pbr_FazendaBalsamoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FazendaBelemGroupMember" xlink:label="pbr_FazendaBelemGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FazendaBelemGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510344_3_1"> Fazenda Belem group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FazendaBelemGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510344_1_1"> Fazenda Belem group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FazendaBelemGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510344_2_1"> Fazenda Belem group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FazendaBelemGroupMember" xlink:to="pbr_FazendaBelemGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FazendaImbGroupMember" xlink:label="pbr_FazendaImbGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FazendaImbGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510348_3_1"> Fazenda Imb group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FazendaImbGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510348_1_1"> Fazenda Imb group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FazendaImbGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510348_2_1"> Fazenda Imb group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FazendaImbGroupMember" xlink:to="pbr_FazendaImbGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FederalGovernmentDividendsMember" xlink:label="pbr_FederalGovernmentDividendsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FederalGovernmentDividendsMember_lbl" xml:lang="en-US" id="id_14489302_3553143_3_1"> Federal government dividends. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FederalGovernmentDividendsMember_lbl" xml:lang="en-US" id="id_14489302_3553143_1_1"> Federal government dividends [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FederalGovernmentDividendsMember_lbl" xml:lang="en-US" id="id_14489302_3553143_2_1"> Federal government dividends [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FederalGovernmentDividendsMember" xlink:to="pbr_FederalGovernmentDividendsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FertilizerPlantUfnIiiMember" xlink:label="pbr_FertilizerPlantUfnIiiMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FertilizerPlantUfnIiiMember_lbl" xml:lang="en-US" id="id_14489302_3491954_3_1"> Fertilizer Plant-UFN III. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FertilizerPlantUfnIiiMember_lbl" xml:lang="en-US" id="id_14489302_3491954_1_1"> Fertilizer Plant UFN III [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FertilizerPlantUfnIiiMember_lbl" xml:lang="en-US" id="id_14489302_3491954_2_1"> Fertilizer plant UFN III [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FertilizerPlantUfnIiiMember" xlink:to="pbr_FertilizerPlantUfnIiiMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_Fertilizers" xlink:label="pbr_Fertilizers"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_Fertilizers_lbl" xml:lang="en-US" id="id_14489302_3450467_3_1"> Fertilizers. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_Fertilizers_lbl" xml:lang="en-US" id="id_14489302_3450467_1_1"> Fertilizers </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_Fertilizers_lbl" xml:lang="en-US" id="id_14489302_3450467_2_1"> Fertilizers </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_Fertilizers" xlink:to="pbr_Fertilizers_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinanceCosts" xlink:label="ifrs-full_FinanceCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinanceCosts_lbl" xml:lang="en-US" id="id_14489302_3419392_1_1"> Finance costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_FinanceCosts_lbl" xml:lang="en-US" id="id_14489302_3419392_14_1"> Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_FinanceCosts_lbl" xml:lang="en-US" id="id_14489302_3419392_18_1"> Finance expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceCosts" xlink:to="ifrs-full_FinanceCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FinanceDebtMember" xlink:label="pbr_FinanceDebtMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FinanceDebtMember_lbl" xml:lang="en-US" id="id_14489302_3510398_3_1"> Finance debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FinanceDebtMember_lbl" xml:lang="en-US" id="id_14489302_3510398_1_1"> Finance debt [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FinanceDebtMember_lbl" xml:lang="en-US" id="id_14489302_3510398_2_1"> Finance debt [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FinanceDebtMember" xlink:to="pbr_FinanceDebtMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FinanceDebtSubjectToOperatingLeasesMember" xlink:label="pbr_FinanceDebtSubjectToOperatingLeasesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FinanceDebtSubjectToOperatingLeasesMember_lbl" xml:lang="en-US" id="id_14489302_3553137_3_1"> Finance debt subject to operating leases. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FinanceDebtSubjectToOperatingLeasesMember_lbl" xml:lang="en-US" id="id_14489302_3553137_1_1"> Finance Debt Subject To Operating Leases [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FinanceDebtSubjectToOperatingLeasesMember_lbl" xml:lang="en-US" id="id_14489302_3553137_2_1"> Finance debt subject to operating leases [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FinanceDebtSubjectToOperatingLeasesMember" xlink:to="pbr_FinanceDebtSubjectToOperatingLeasesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinanceIncome" xlink:label="ifrs-full_FinanceIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinanceIncome_lbl" xml:lang="en-US" id="id_14489302_3419831_1_1"> Finance income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinanceIncome_lbl" xml:lang="en-US" id="id_14489302_3419831_2_1"> Finance income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinanceIncome_lbl" xml:lang="en-US" id="id_14489302_3419831_12_1"> Income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceIncome" xlink:to="ifrs-full_FinanceIncome_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinanceIncomeCost" xlink:label="ifrs-full_FinanceIncomeCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinanceIncomeCost_lbl" xml:lang="en-US" id="id_14489302_3420286_1_1"> Finance income (cost) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinanceIncomeCost_lbl" xml:lang="en-US" id="id_14489302_3420286_2_1"> Net finance income (expenses) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceIncomeCost" xlink:to="ifrs-full_FinanceIncomeCost_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FinanceLeaseMember" xlink:label="pbr_FinanceLeaseMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FinanceLeaseMember_lbl" xml:lang="en-US" id="id_14489302_3509553_3_1"> Finance lease. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FinanceLeaseMember_lbl" xml:lang="en-US" id="id_14489302_3509553_1_1"> Finance Lease [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FinanceLeaseMember_lbl" xml:lang="en-US" id="id_14489302_3509553_2_1"> Finance leases [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FinanceLeaseMember" xlink:to="pbr_FinanceLeaseMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinanceLeaseReceivables" xlink:label="ifrs-full_FinanceLeaseReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinanceLeaseReceivables_lbl" xml:lang="en-US" id="id_14489302_3419833_1_1"> Finance lease receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinanceLeaseReceivables_lbl" xml:lang="en-US" id="id_14489302_3419833_2_1"> Finance lease receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinanceLeaseReceivables_lbl" xml:lang="en-US" id="id_14489302_3419833_12_1"> Finance lease receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceLeaseReceivables" xlink:to="ifrs-full_FinanceLeaseReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FinanceLeases" xlink:label="pbr_FinanceLeases"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FinanceLeases_lbl" xml:lang="en-US" id="id_14489302_3450552_3_1"> Finance leases </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FinanceLeases_lbl" xml:lang="en-US" id="id_14489302_3450552_1_1"> Finance Leases </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FinanceLeases_lbl" xml:lang="en-US" id="id_14489302_3450552_2_1"> Finance leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FinanceLeases" xlink:to="pbr_FinanceLeases_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtAmortisedCost" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCost_lbl" xml:lang="en-US" id="id_14489302_3419400_1_1"> Financial assets at amortised cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCost_lbl" xml:lang="en-US" id="id_14489302_3419400_2_1"> Amortised cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtAmortisedCost" xlink:to="ifrs-full_FinancialAssetsAtAmortisedCost_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3419402_1_1"> Financial assets at fair value through profit or loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3419402_2_1"> Fair value through profit or loss </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsAvailableforsale" xlink:label="ifrs-full_FinancialAssetsAvailableforsale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAvailableforsale_lbl" xml:lang="en-US" id="id_14489302_3419842_1_1"> Financial assets available-for-sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAvailableforsale_lbl" xml:lang="en-US" id="id_14489302_3419842_2_1"> Available-for-sale securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAvailableforsale" xlink:to="ifrs-full_FinancialAssetsAvailableforsale_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3420294_1_1"> Financial assets measured at fair value through other comprehensive income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3420294_2_1"> Fair value through other comprehensive income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsMember" xlink:label="ifrs-full_FinancialAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3420713_1_1"> Financial assets, class [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3420713_2_1"> Financial assets, class [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsMember" xlink:to="ifrs-full_FinancialAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:label="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3420295_1_1"> Financial assets pledged as collateral for liabilities or contingent liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3420295_2_1"> Maximum collateral amount pledged </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:to="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FinancialCommitmentTermsMember" xlink:label="pbr_FinancialCommitmentTermsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FinancialCommitmentTermsMember_lbl" xml:lang="en-US" id="id_14489302_3492090_3_1"> Financial commitment terms. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FinancialCommitmentTermsMember_lbl" xml:lang="en-US" id="id_14489302_3492090_1_1"> Financial commitment terms [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FinancialCommitmentTermsMember_lbl" xml:lang="en-US" id="id_14489302_3492090_2_1"> Terms of Financial Commitment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FinancialCommitmentTermsMember" xlink:to="pbr_FinancialCommitmentTermsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FinancialEffectPriorToAdoptionOfIFRSMember" xlink:label="pbr_FinancialEffectPriorToAdoptionOfIFRSMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FinancialEffectPriorToAdoptionOfIFRSMember_lbl" xml:lang="en-US" id="id_14489302_3507690_3_1"> Financial effect prior to adoption of IFRS [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FinancialEffectPriorToAdoptionOfIFRSMember_lbl" xml:lang="en-US" id="id_14489302_3507690_1_1"> Financial effect prior to adoption of IFRS [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FinancialEffectPriorToAdoptionOfIFRSMember_lbl" xml:lang="en-US" id="id_14489302_3507690_2_1"> Financial effect prior to adoption of IFRS [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FinancialEffectPriorToAdoptionOfIFRSMember" xlink:to="pbr_FinancialEffectPriorToAdoptionOfIFRSMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FinancialExpense" xlink:label="pbr_FinancialExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FinancialExpense_lbl" xml:lang="en-US" id="id_14489302_3457791_3_1"> Financial expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FinancialExpense_lbl" xml:lang="en-US" id="id_14489302_3457791_1_1"> Financial expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FinancialExpense_lbl" xml:lang="en-US" id="id_14489302_3457791_2_1"> Amount to be paid after benefit, financial expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FinancialExpense" xlink:to="pbr_FinancialExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:label="ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_lbl" xml:lang="en-US" id="id_14489302_3420066_1_1"> Financial instruments designated as hedging instruments, at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_lbl" xml:lang="en-US" id="id_14489302_3420066_4_1"> Ending balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_lbl" xml:lang="en-US" id="id_14489302_3420066_5_1"> Beginning balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_lbl" xml:lang="en-US" id="id_14489302_3420066_2_1"> Carrying amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue" xlink:to="ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FinancialLeaseMember" xlink:label="pbr_FinancialLeaseMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FinancialLeaseMember_lbl" xml:lang="en-US" id="id_14489302_3489389_3_1"> Financial lease. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FinancialLeaseMember_lbl" xml:lang="en-US" id="id_14489302_3489389_1_1"> Financial Lease [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FinancialLeaseMember_lbl" xml:lang="en-US" id="id_14489302_3489389_2_1"> Financial lease [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FinancialLeaseMember" xlink:to="pbr_FinancialLeaseMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValue" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" xml:lang="en-US" id="id_14489302_3420314_1_1"> Financial liabilities, at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" xml:lang="en-US" id="id_14489302_3420314_2_1"> Fair value of finance debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtFairValue" xlink:to="ifrs-full_FinancialLiabilitiesAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FinancialResultsOnNetDebt" xlink:label="pbr_FinancialResultsOnNetDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FinancialResultsOnNetDebt_lbl" xml:lang="en-US" id="id_14489302_3450610_3_1"> Financial Results On Net Debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FinancialResultsOnNetDebt_lbl" xml:lang="en-US" id="id_14489302_3450610_1_1"> Financial Results On Net Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="pbr_FinancialResultsOnNetDebt_lbl" xml:lang="en-US" id="id_14489302_3450610_19_1"> Financial result on net debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FinancialResultsOnNetDebt" xlink:to="pbr_FinancialResultsOnNetDebt_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FinancingsWithBNDESMember" xlink:label="pbr_FinancingsWithBNDESMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FinancingsWithBNDESMember_lbl" xml:lang="en-US" id="id_14489302_3510380_3_1"> Financings with BNDES. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FinancingsWithBNDESMember_lbl" xml:lang="en-US" id="id_14489302_3510380_1_1"> Financings with BNDES [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FinancingsWithBNDESMember_lbl" xml:lang="en-US" id="id_14489302_3510380_2_1"> Financings with BNDES [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FinancingsWithBNDESMember" xlink:to="pbr_FinancingsWithBNDESMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FirstInstallmentMember" xlink:label="pbr_FirstInstallmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FirstInstallmentMember_lbl" xml:lang="en-US" id="id_14489302_3482861_3_1"> First installment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FirstInstallmentMember_lbl" xml:lang="en-US" id="id_14489302_3482861_1_1"> First Installment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FirstInstallmentMember_lbl" xml:lang="en-US" id="id_14489302_3482861_2_1"> First Installment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FirstInstallmentMember" xlink:to="pbr_FirstInstallmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FirstPaymentOfInterestOnCapitalMember" xlink:label="pbr_FirstPaymentOfInterestOnCapitalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FirstPaymentOfInterestOnCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3495653_3_1"> First payment of interest on capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FirstPaymentOfInterestOnCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3495653_1_1"> First payment of interest on capital [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FirstPaymentOfInterestOnCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3495653_2_1"> 1 st payment of interest on capital [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FirstPaymentOfInterestOnCapitalMember" xlink:to="pbr_FirstPaymentOfInterestOnCapitalMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FiveTwoEightThreeParticipacoesLtdaMember" xlink:label="pbr_FiveTwoEightThreeParticipacoesLtdaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FiveTwoEightThreeParticipacoesLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487532_3_1"> 5283 Participacoes Ltda. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FiveTwoEightThreeParticipacoesLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487532_1_1"> 5283 Participacoes Ltda [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FiveTwoEightThreeParticipacoesLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487532_2_1"> 5283 Participacoes Ltda [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FiveTwoEightThreeParticipacoesLtdaMember" xlink:to="pbr_FiveTwoEightThreeParticipacoesLtdaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FixedIncomeFunds1Member" xlink:label="pbr_FixedIncomeFunds1Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FixedIncomeFunds1Member_lbl" xml:lang="en-US" id="id_14489302_3485581_3_1"> Fixed income funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FixedIncomeFunds1Member_lbl" xml:lang="en-US" id="id_14489302_3485581_1_1"> Fixed Income Funds 1 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FixedIncomeFunds1Member_lbl" xml:lang="en-US" id="id_14489302_3485581_2_1"> Fixed Income Funds 1 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FixedIncomeFunds1Member" xlink:to="pbr_FixedIncomeFunds1Member_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FixedIncomeSecurities1Member" xlink:label="pbr_FixedIncomeSecurities1Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FixedIncomeSecurities1Member_lbl" xml:lang="en-US" id="id_14489302_3509432_3_1"> Fixed income securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FixedIncomeSecurities1Member_lbl" xml:lang="en-US" id="id_14489302_3509432_1_1"> Fixed Income Securities 1 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FixedIncomeSecurities1Member_lbl" xml:lang="en-US" id="id_14489302_3509432_2_1"> Fixed income securities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FixedIncomeSecurities1Member" xlink:to="pbr_FixedIncomeSecurities1Member_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FixedInterestRateMember" xlink:label="ifrs-full_FixedInterestRateMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FixedInterestRateMember_lbl" xml:lang="en-US" id="id_14489302_3420104_1_1"> Fixed interest rate [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FixedInterestRateMember_lbl" xml:lang="en-US" id="id_14489302_3420104_2_1"> Fixed interest rate [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FixedInterestRateMember" xlink:to="ifrs-full_FixedInterestRateMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FixedPlatformsFloatingProductionSystemsAndOffshoreDrillingUnitsMember" xlink:label="pbr_FixedPlatformsFloatingProductionSystemsAndOffshoreDrillingUnitsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FixedPlatformsFloatingProductionSystemsAndOffshoreDrillingUnitsMember_lbl" xml:lang="en-US" id="id_14489302_3487813_3_1"> Fixed platforms floating production systems and offshore drilling units. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FixedPlatformsFloatingProductionSystemsAndOffshoreDrillingUnitsMember_lbl" xml:lang="en-US" id="id_14489302_3487813_1_1"> Fixed Platforms Floating Production Systems And Offshore Drilling Units [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FixedPlatformsFloatingProductionSystemsAndOffshoreDrillingUnitsMember_lbl" xml:lang="en-US" id="id_14489302_3487813_2_1"> Fixed platforms, floating production systems and offshore drilling units [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FixedPlatformsFloatingProductionSystemsAndOffshoreDrillingUnitsMember" xlink:to="pbr_FixedPlatformsFloatingProductionSystemsAndOffshoreDrillingUnitsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FixedRateDebenturesInterestRate" xlink:label="pbr_FixedRateDebenturesInterestRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FixedRateDebenturesInterestRate_lbl" xml:lang="en-US" id="id_14489302_3531242_3_1"> Fixed rate debentures interest rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FixedRateDebenturesInterestRate_lbl" xml:lang="en-US" id="id_14489302_3531242_1_1"> Fixed Rate Debentures Interest Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FixedRateDebenturesInterestRate_lbl" xml:lang="en-US" id="id_14489302_3531242_2_1"> Debenture interest rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FixedRateDebenturesInterestRate" xlink:to="pbr_FixedRateDebenturesInterestRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FloatingInterestRateMember" xlink:label="ifrs-full_FloatingInterestRateMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FloatingInterestRateMember_lbl" xml:lang="en-US" id="id_14489302_3420520_1_1"> Floating interest rate [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FloatingInterestRateMember_lbl" xml:lang="en-US" id="id_14489302_3420520_2_1"> Floating interest rate [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FloatingInterestRateMember" xlink:to="ifrs-full_FloatingInterestRateMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ForeignCountriesMember" xlink:label="ifrs-full_ForeignCountriesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ForeignCountriesMember_lbl" xml:lang="en-US" id="id_14489302_3420747_1_1"> Foreign countries [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ForeignCountriesMember_lbl" xml:lang="en-US" id="id_14489302_3420747_2_1"> Foreign countries [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ForeignCountriesMember" xlink:to="ifrs-full_ForeignCountriesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ForeignCurrencyContractsDerivativeMember" xlink:label="pbr_ForeignCurrencyContractsDerivativeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ForeignCurrencyContractsDerivativeMember_lbl" xml:lang="en-US" id="id_14489302_3481614_3_1"> Foreign currency contracts derivative. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ForeignCurrencyContractsDerivativeMember_lbl" xml:lang="en-US" id="id_14489302_3481614_1_1"> Foreign Currency Contracts Derivative [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ForeignCurrencyContractsDerivativeMember_lbl" xml:lang="en-US" id="id_14489302_3481614_2_1"> Foreign currency derivatives [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ForeignCurrencyContractsDerivativeMember" xlink:to="pbr_ForeignCurrencyContractsDerivativeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ForeignExchangeAndInflationIndexationChargesNetMember" xlink:label="pbr_ForeignExchangeAndInflationIndexationChargesNetMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ForeignExchangeAndInflationIndexationChargesNetMember_lbl" xml:lang="en-US" id="id_14489302_3486699_3_1"> Foreign exchange and inflation indexation charges net. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ForeignExchangeAndInflationIndexationChargesNetMember_lbl" xml:lang="en-US" id="id_14489302_3486699_1_1"> Foreign Exchange and Inflation Indexation Charges Net [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ForeignExchangeAndInflationIndexationChargesNetMember_lbl" xml:lang="en-US" id="id_14489302_3486699_2_1"> Foreign Exchange and Inflation Indexation Charges Net [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ForeignExchangeAndInflationIndexationChargesNetMember" xlink:to="pbr_ForeignExchangeAndInflationIndexationChargesNetMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ForeignExchangeGainsLossAndIndexationCharges" xlink:label="pbr_ForeignExchangeGainsLossAndIndexationCharges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ForeignExchangeGainsLossAndIndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3450601_3_1"> Foreign exchange gains loss and indexation charges. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ForeignExchangeGainsLossAndIndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3450601_1_1"> Foreign Exchange Gains Loss And Indexation Charges </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_ForeignExchangeGainsLossAndIndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3450601_14_1"> Foreign exchange gains (losses) and indexation charges </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ForeignExchangeGainsLossAndIndexationCharges" xlink:to="pbr_ForeignExchangeGainsLossAndIndexationCharges_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ForeignExchangeGainsLossAndIndexationChargesOnNetDebt" xlink:label="pbr_ForeignExchangeGainsLossAndIndexationChargesOnNetDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ForeignExchangeGainsLossAndIndexationChargesOnNetDebt_lbl" xml:lang="en-US" id="id_14489302_3450608_3_1"> Foreign exchange gains loss and indexation charges on net debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ForeignExchangeGainsLossAndIndexationChargesOnNetDebt_lbl" xml:lang="en-US" id="id_14489302_3450608_1_1"> Foreign Exchange Gains Loss And Indexation Charges On Net Debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_ForeignExchangeGainsLossAndIndexationChargesOnNetDebt_lbl" xml:lang="en-US" id="id_14489302_3450608_14_1"> Foreign exchange gains (losses) and indexation charges on net debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ForeignExchangeGainsLossAndIndexationChargesOnNetDebt" xlink:to="pbr_ForeignExchangeGainsLossAndIndexationChargesOnNetDebt_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ForeignExchangeInflationIndexationCharges" xlink:label="pbr_ForeignExchangeInflationIndexationCharges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ForeignExchangeInflationIndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3456148_3_1"> Foreign exchange/inflation indexation charges. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ForeignExchangeInflationIndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3456148_1_1"> Foreign exchange/inflation indexation charges </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ForeignExchangeInflationIndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3456148_2_1"> Foreign exchange/ inflation indexation charges </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ForeignExchangeInflationIndexationCharges" xlink:to="pbr_ForeignExchangeInflationIndexationCharges_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ForeignExchangeLossesMember" xlink:label="pbr_ForeignExchangeLossesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ForeignExchangeLossesMember_lbl" xml:lang="en-US" id="id_14489302_3491852_3_1"> Foreign exchange losses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ForeignExchangeLossesMember_lbl" xml:lang="en-US" id="id_14489302_3491852_1_1"> Foreign exchange losses [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ForeignExchangeLossesMember_lbl" xml:lang="en-US" id="id_14489302_3491852_2_1"> Foreign Exchange Losses [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ForeignExchangeLossesMember" xlink:to="pbr_ForeignExchangeLossesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ForeignExchangeRateAxis" xlink:label="pbr_ForeignExchangeRateAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ForeignExchangeRateAxis_lbl" xml:lang="en-US" id="id_14489302_3475627_3_1"> Foreign Exchange Rate [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ForeignExchangeRateAxis_lbl" xml:lang="en-US" id="id_14489302_3475627_1_1"> Foreign Exchange Rate [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ForeignExchangeRateAxis_lbl" xml:lang="en-US" id="id_14489302_3475627_2_1"> Foreign Exchange Rate [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ForeignExchangeRateAxis" xlink:to="pbr_ForeignExchangeRateAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ForeignExchangeRateDomain" xlink:label="pbr_ForeignExchangeRateDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ForeignExchangeRateDomain_lbl" xml:lang="en-US" id="id_14489302_3500952_3_1"> Foreign Exchange Rate [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ForeignExchangeRateDomain_lbl" xml:lang="en-US" id="id_14489302_3500952_1_1"> Foreign Exchange Rate [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ForeignExchangeRateDomain_lbl" xml:lang="en-US" id="id_14489302_3500952_2_1"> Foreign Exchange Rate [domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ForeignExchangeRateDomain" xlink:to="pbr_ForeignExchangeRateDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ForeignExchangeRatesAbstract" xlink:label="ifrs-full_ForeignExchangeRatesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ForeignExchangeRatesAbstract_lbl" xml:lang="en-US" id="id_14489302_3420329_1_1"> Foreign exchange rates [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ForeignExchangeRatesAbstract_lbl" xml:lang="en-US" id="id_14489302_3420329_2_1"> Foreign exchange rates [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ForeignExchangeRatesAbstract" xlink:to="ifrs-full_ForeignExchangeRatesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ForeignInvestmentsMember" xlink:label="pbr_ForeignInvestmentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ForeignInvestmentsMember_lbl" xml:lang="en-US" id="id_14489302_3492105_3_1"> Foreign investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ForeignInvestmentsMember_lbl" xml:lang="en-US" id="id_14489302_3492105_1_1"> Foreign investments [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ForeignInvestmentsMember_lbl" xml:lang="en-US" id="id_14489302_3492105_2_1"> Investments abroad [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ForeignInvestmentsMember" xlink:to="pbr_ForeignInvestmentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ForeignMarketMember" xlink:label="pbr_ForeignMarketMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ForeignMarketMember_lbl" xml:lang="en-US" id="id_14489302_3487197_3_1"> Foreign market. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ForeignMarketMember_lbl" xml:lang="en-US" id="id_14489302_3487197_1_1"> Foreign Market [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ForeignMarketMember_lbl" xml:lang="en-US" id="id_14489302_3487197_2_1"> Foreign market [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ForeignMarketMember" xlink:to="pbr_ForeignMarketMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ForwardContractMember" xlink:label="ifrs-full_ForwardContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ForwardContractMember_lbl" xml:lang="en-US" id="id_14489302_3420330_1_1"> Forward contract [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ForwardContractMember_lbl" xml:lang="en-US" id="id_14489302_3420330_2_1"> Forward contracts [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ForwardContractMember" xlink:to="ifrs-full_ForwardContractMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FourthPaymentOfInterestOnCapitalMember" xlink:label="pbr_FourthPaymentOfInterestOnCapitalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FourthPaymentOfInterestOnCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3540999_3_1"> Fourth payment of interest on capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FourthPaymentOfInterestOnCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3540999_1_1"> Fourth Payment Of Interest On Capital [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FourthPaymentOfInterestOnCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3540999_2_1"> 4 th payment of interest on capital [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FourthPaymentOfInterestOnCapitalMember" xlink:to="pbr_FourthPaymentOfInterestOnCapitalMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FradeMember" xlink:label="pbr_FradeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FradeMember_lbl" xml:lang="en-US" id="id_14489302_3487750_3_1"> Frade. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FradeMember_lbl" xml:lang="en-US" id="id_14489302_3487750_1_1"> Frade [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FradeMember_lbl" xml:lang="en-US" id="id_14489302_3487750_2_1"> Frade [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FradeMember" xlink:to="pbr_FradeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FuelOilAndNaturalGasMember" xlink:label="pbr_FuelOilAndNaturalGasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FuelOilAndNaturalGasMember_lbl" xml:lang="en-US" id="id_14489302_3495658_3_1"> Fuel oil and natural gas [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FuelOilAndNaturalGasMember_lbl" xml:lang="en-US" id="id_14489302_3495658_1_1"> Fuel oil and natural gas [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FuelOilAndNaturalGasMember_lbl" xml:lang="en-US" id="id_14489302_3495658_2_1"> Fuel oil and natural gas [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FuelOilAndNaturalGasMember" xlink:to="pbr_FuelOilAndNaturalGasMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FuelOiLincludingBunkerFuelMember" xlink:label="pbr_FuelOiLincludingBunkerFuelMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FuelOiLincludingBunkerFuelMember_lbl" xml:lang="en-US" id="id_14489302_3487191_3_1"> Fuel Oi lIncluding Bunker Fuel. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FuelOiLincludingBunkerFuelMember_lbl" xml:lang="en-US" id="id_14489302_3487191_1_1"> Fuel Oi lIncluding Bunker Fuel [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FuelOiLincludingBunkerFuelMember_lbl" xml:lang="en-US" id="id_14489302_3487191_2_1"> Fuel oil including bunker fuel [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FuelOiLincludingBunkerFuelMember" xlink:to="pbr_FuelOiLincludingBunkerFuelMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis" xlink:label="ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis_lbl" xml:lang="en-US" id="id_14489302_3420113_1_1"> Funding arrangements of defined benefit plans [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis_lbl" xml:lang="en-US" id="id_14489302_3420113_2_1"> Funding arrangements of defined benefit plans [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis" xlink:to="ifrs-full_FundingArrangementsOfDefinedBenefitPlansAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FundingArrangementsOfDefinedBenefitPlansMember" xlink:label="ifrs-full_FundingArrangementsOfDefinedBenefitPlansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FundingArrangementsOfDefinedBenefitPlansMember_lbl" xml:lang="en-US" id="id_14489302_3420529_1_1"> Funding arrangements of defined benefit plans [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FundingArrangementsOfDefinedBenefitPlansMember_lbl" xml:lang="en-US" id="id_14489302_3420529_2_1"> Funding arrangements of defined benefit plans [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FundingArrangementsOfDefinedBenefitPlansMember" xlink:to="ifrs-full_FundingArrangementsOfDefinedBenefitPlansMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FundoDeInvestimentoEmParticipacoesDeSondasFipSondasMember" xlink:label="pbr_FundoDeInvestimentoEmParticipacoesDeSondasFipSondasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FundoDeInvestimentoEmParticipacoesDeSondasFipSondasMember_lbl" xml:lang="en-US" id="id_14489302_3487577_3_1"> Fundo de Investimento em Participacoes de SondasFIP Sondas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FundoDeInvestimentoEmParticipacoesDeSondasFipSondasMember_lbl" xml:lang="en-US" id="id_14489302_3487577_1_1"> Fundo de Investimento em Participacoes de Sondas FIP Sondas [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FundoDeInvestimentoEmParticipacoesDeSondasFipSondasMember_lbl" xml:lang="en-US" id="id_14489302_3487577_2_1"> Fundo de Investimento em Participacoes de Sondas FIP Sondas [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FundoDeInvestimentoEmParticipacoesDeSondasFipSondasMember" xlink:to="pbr_FundoDeInvestimentoEmParticipacoesDeSondasFipSondasMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FundoDeInvestimentoImobiliarioRBLogisticaFIIMember" xlink:label="pbr_FundoDeInvestimentoImobiliarioRBLogisticaFIIMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FundoDeInvestimentoImobiliarioRBLogisticaFIIMember_lbl" xml:lang="en-US" id="id_14489302_3487528_3_1"> Fundo de Investimento Imobiliario RB LogisticaFII. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FundoDeInvestimentoImobiliarioRBLogisticaFIIMember_lbl" xml:lang="en-US" id="id_14489302_3487528_1_1"> Fundo de Investimento Imobiliario RB LogisticaFII [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FundoDeInvestimentoImobiliarioRBLogisticaFIIMember_lbl" xml:lang="en-US" id="id_14489302_3487528_2_1"> Fundo de Investimento Imobiliario RB LogisticaFII [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FundoDeInvestimentoImobiliarioRBLogisticaFIIMember" xlink:to="pbr_FundoDeInvestimentoImobiliarioRBLogisticaFIIMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FundsCollectedUnderInvestigation" xlink:label="pbr_FundsCollectedUnderInvestigation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FundsCollectedUnderInvestigation_lbl" xml:lang="en-US" id="id_14489302_3448185_3_1"> Funds collected under investigation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FundsCollectedUnderInvestigation_lbl" xml:lang="en-US" id="id_14489302_3448185_1_1"> Funds collected under investigation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FundsCollectedUnderInvestigation_lbl" xml:lang="en-US" id="id_14489302_3448185_2_1"> The total funds collected under the Lava Jato investigation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FundsCollectedUnderInvestigation" xlink:to="pbr_FundsCollectedUnderInvestigation_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FundsReceivedFromNewLeniecyAndPleaAgreements" xlink:label="pbr_FundsReceivedFromNewLeniecyAndPleaAgreements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FundsReceivedFromNewLeniecyAndPleaAgreements_lbl" xml:lang="en-US" id="id_14489302_3541119_3_1"> Funds received from new leniecy and plea agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FundsReceivedFromNewLeniecyAndPleaAgreements_lbl" xml:lang="en-US" id="id_14489302_3541119_1_1"> Funds received from new leniecy and plea agreements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FundsReceivedFromNewLeniecyAndPleaAgreements_lbl" xml:lang="en-US" id="id_14489302_3541119_2_1"> Funds received from new leniency and plea agreements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FundsReceivedFromNewLeniecyAndPleaAgreements" xlink:to="pbr_FundsReceivedFromNewLeniecyAndPleaAgreements_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FundsRecoveredFromLavaJatoInvestigation" xlink:label="pbr_FundsRecoveredFromLavaJatoInvestigation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FundsRecoveredFromLavaJatoInvestigation_lbl" xml:lang="en-US" id="id_14489302_3541118_3_1"> Funds recovered from lava jato investigation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FundsRecoveredFromLavaJatoInvestigation_lbl" xml:lang="en-US" id="id_14489302_3541118_1_1"> Funds recovered from lava jato investigation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FundsRecoveredFromLavaJatoInvestigation_lbl" xml:lang="en-US" id="id_14489302_3541118_2_1"> Funds recovered from Lava Jato investigation </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FutureMinimumFinanceLeasePaymentsPayableCurrent" xlink:label="pbr_FutureMinimumFinanceLeasePaymentsPayableCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FutureMinimumFinanceLeasePaymentsPayableCurrent_lbl" xml:lang="en-US" id="id_14489302_3436219_3_1"> Future minimum finance lease payments payable current. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FutureMinimumFinanceLeasePaymentsPayableCurrent_lbl" xml:lang="en-US" id="id_14489302_3436219_1_1"> Future minimum finance lease payments payable Current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FutureMinimumFinanceLeasePaymentsPayableCurrent_lbl" xml:lang="en-US" id="id_14489302_3436219_2_1"> Current </label>
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<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FutureMinimumFinanceLeasePaymentsPayableNonCurrent" xlink:label="pbr_FutureMinimumFinanceLeasePaymentsPayableNonCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FutureMinimumFinanceLeasePaymentsPayableNonCurrent_lbl" xml:lang="en-US" id="id_14489302_3456109_3_1"> Future minimum finance lease payments payable non current. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FutureMinimumFinanceLeasePaymentsPayableNonCurrent_lbl" xml:lang="en-US" id="id_14489302_3456109_1_1"> Future minimum finance lease payments payable Non Current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FutureMinimumFinanceLeasePaymentsPayableNonCurrent_lbl" xml:lang="en-US" id="id_14489302_3456109_2_1"> Non-current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FutureMinimumFinanceLeasePaymentsPayableNonCurrent" xlink:to="pbr_FutureMinimumFinanceLeasePaymentsPayableNonCurrent_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FutureMinimumFinanceLeaseReceiptsCurrent" xlink:label="pbr_FutureMinimumFinanceLeaseReceiptsCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FutureMinimumFinanceLeaseReceiptsCurrent_lbl" xml:lang="en-US" id="id_14489302_3450793_3_1"> Future minimum finance lease receipts current. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FutureMinimumFinanceLeaseReceiptsCurrent_lbl" xml:lang="en-US" id="id_14489302_3450793_1_1"> Future minimum finance lease receipts current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_FutureMinimumFinanceLeaseReceiptsCurrent_lbl" xml:lang="en-US" id="id_14489302_3450793_14_1"> Current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FutureMinimumFinanceLeaseReceiptsCurrent" xlink:to="pbr_FutureMinimumFinanceLeaseReceiptsCurrent_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FutureMinimumFinanceLeaseReceiptsNonCurrent" xlink:label="pbr_FutureMinimumFinanceLeaseReceiptsNonCurrent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FutureMinimumFinanceLeaseReceiptsNonCurrent_lbl" xml:lang="en-US" id="id_14489302_3456104_3_1"> Future minimum finance lease receipts non current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FutureMinimumFinanceLeaseReceiptsNonCurrent_lbl" xml:lang="en-US" id="id_14489302_3456104_1_1"> Future minimum finance lease Receipts Non Current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_FutureMinimumFinanceLeaseReceiptsNonCurrent_lbl" xml:lang="en-US" id="id_14489302_3456104_14_1"> Non-current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FutureMinimumFinanceLeaseReceiptsNonCurrent" xlink:to="pbr_FutureMinimumFinanceLeaseReceiptsNonCurrent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows" xlink:label="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows_lbl" xml:lang="en-US" id="id_14489302_3420530_1_1"> Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Cash Inflows </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows_lbl" xml:lang="en-US" id="id_14489302_3420530_2_1"> Future cash inflows </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows" xlink:to="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflows_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflowsClassifiedAsAssetsHeldForSale" xlink:label="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflowsClassifiedAsAssetsHeldForSale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflowsClassifiedAsAssetsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3461257_3_1"> Future Net Cash Flows Relating To Proved Oil And Gas Reserves, Cash Inflows Classified As Assets Held For Sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflowsClassifiedAsAssetsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3461257_1_1"> Future Net Cash Flows Relating To Proved Oil And Gas Reserves, Cash Inflows Classified As Assets Held For Sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesCashInflowsClassifiedAsAssetsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3461257_2_1"> Future cash flow oil and gas production classified as held for sale </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" xlink:label="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts_lbl" xml:lang="en-US" id="id_14489302_3420337_1_1"> Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Development Costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts_lbl" xml:lang="en-US" id="id_14489302_3420337_14_1"> Future development costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts" xlink:to="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesDevelopmentCosts_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense" xlink:label="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense_lbl" xml:lang="en-US" id="id_14489302_3420338_1_1"> Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Income Tax Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense_lbl" xml:lang="en-US" id="id_14489302_3420338_14_1"> Future income tax expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense" xlink:to="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesIncomeTaxExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts" xlink:label="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts_lbl" xml:lang="en-US" id="id_14489302_3420116_1_1"> Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Production Costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts_lbl" xml:lang="en-US" id="id_14489302_3420116_14_1"> Future production costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts" xlink:to="srt_FutureNetCashFlowsRelatingToProvedOilAndGasReservesProductionCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentmidyearAnnualDiscountForEstimatedTimingOfCashFlows" xlink:label="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentmidyearAnnualDiscountForEstimatedTimingOfCashFlows"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentmidyearAnnualDiscountForEstimatedTimingOfCashFlows_lbl" xml:lang="en-US" id="id_14489302_3541115_3_1"> Future net cash flows relating to proved oil and gas reserves ten percent-mid-year annual discount for estimated timing of cash flows. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentmidyearAnnualDiscountForEstimatedTimingOfCashFlows_lbl" xml:lang="en-US" id="id_14489302_3541115_1_1"> Future net cash flows relating to proved oil and gas reserves ten percent-mid-year annual discount for estimated timing of cash flows </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentmidyearAnnualDiscountForEstimatedTimingOfCashFlows_lbl" xml:lang="en-US" id="id_14489302_3541115_14_1"> 10 percent midyear annual discount for timing of estimated cash flows </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentmidyearAnnualDiscountForEstimatedTimingOfCashFlows" xlink:to="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesTenPercentmidyearAnnualDiscountForEstimatedTimingOfCashFlows_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesUndiscountedFutureNetCashFlows" xlink:label="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesUndiscountedFutureNetCashFlows"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesUndiscountedFutureNetCashFlows_lbl" xml:lang="en-US" id="id_14489302_3450662_3_1"> Future net cash flows relating to proved oila and gas reserves undiscounted future net cash flows. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesUndiscountedFutureNetCashFlows_lbl" xml:lang="en-US" id="id_14489302_3450662_1_1"> Future Net Cash Flows Relating to Proved Oil and Gas Reserves Undiscounted Future Net Cash Flows </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_FutureNetCashFlowsRelatingToProvedOilAndGasReservesUndiscountedFutureNetCashFlows_lbl" xml:lang="en-US" id="id_14489302_3450662_6_1"> Undiscounted future net cash flows </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_FuturesContractMember" xlink:label="ifrs-full_FuturesContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FuturesContractMember_lbl" xml:lang="en-US" id="id_14489302_3420118_1_1"> Futures contract [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FuturesContractMember_lbl" xml:lang="en-US" id="id_14489302_3420118_2_1"> Futures contracts [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FuturesContractMember" xlink:to="ifrs-full_FuturesContractMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainFromHedgeStrategy" xlink:label="pbr_GainFromHedgeStrategy"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainFromHedgeStrategy_lbl" xml:lang="en-US" id="id_14489302_3541096_3_1"> Gain from hedge strategy. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainFromHedgeStrategy_lbl" xml:lang="en-US" id="id_14489302_3541096_1_1"> Gain from hedge strategy </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GainFromHedgeStrategy_lbl" xml:lang="en-US" id="id_14489302_3541096_2_1"> Gain from hedge strategy </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainFromHedgeStrategy" xlink:to="pbr_GainFromHedgeStrategy_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainLossesOnDisposalAndWriteoffsOfAsset" xlink:label="pbr_GainLossesOnDisposalAndWriteoffsOfAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainLossesOnDisposalAndWriteoffsOfAsset_lbl" xml:lang="en-US" id="id_14489302_3450605_3_1"> Gain losses on disposal and write-offs of asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainLossesOnDisposalAndWriteoffsOfAsset_lbl" xml:lang="en-US" id="id_14489302_3450605_1_1"> Gain Losses on Disposal and Writeoffs of Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_GainLossesOnDisposalAndWriteoffsOfAsset_lbl" xml:lang="en-US" id="id_14489302_3450605_14_1"> Gains and losses on disposal/write-offs of assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainLossesOnDisposalAndWriteoffsOfAsset" xlink:to="pbr_GainLossesOnDisposalAndWriteoffsOfAsset_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainLossOnDerivativesTransactions" xlink:label="pbr_GainLossOnDerivativesTransactions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainLossOnDerivativesTransactions_lbl" xml:lang="en-US" id="id_14489302_3446093_3_1"> Gain Loss On Derivatives Transactions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainLossOnDerivativesTransactions_lbl" xml:lang="en-US" id="id_14489302_3446093_1_1"> Gain Loss On Derivatives Transactions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GainLossOnDerivativesTransactions_lbl" xml:lang="en-US" id="id_14489302_3446093_2_1"> Gains/(losses) with Commodities Derivatives </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainLossOnDerivativesTransactions" xlink:to="pbr_GainLossOnDerivativesTransactions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome" xlink:label="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3420755_1_1"> Gain (loss) on hedge ineffectiveness recognised in other comprehensive income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3420755_2_1"> Gains/(losses) recognized in the Shareholders' Equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome" xlink:to="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:label="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3420756_1_1"> Gain (loss) on hedge ineffectiveness recognised in profit or loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3420756_2_1"> Exports affecting the statement of income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3420756_12_1"> Gains/ (losses) recognized in the statement of income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss" xlink:to="ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainLossOnInvestments1" xlink:label="pbr_GainLossOnInvestments1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainLossOnInvestments1_lbl" xml:lang="en-US" id="id_14489302_3444299_3_1"> Gain Loss on Investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainLossOnInvestments1_lbl" xml:lang="en-US" id="id_14489302_3444299_1_1"> Gain Loss on Investments1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GainLossOnInvestments1_lbl" xml:lang="en-US" id="id_14489302_3444299_2_1"> Gain after taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainLossOnInvestments1" xlink:to="pbr_GainLossOnInvestments1_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainLossOnInvestmentsBeforeTax" xlink:label="pbr_GainLossOnInvestmentsBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainLossOnInvestmentsBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3914258_3_1"> Gain loss on investments before tax. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainLossOnInvestmentsBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3914258_1_1"> Gain loss on investments before tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GainLossOnInvestmentsBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3914258_2_1"> Gain before taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainLossOnInvestmentsBeforeTax" xlink:to="pbr_GainLossOnInvestmentsBeforeTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainLossOnRemeasurementOfReimbursementRights" xlink:label="ifrs-full_GainLossOnRemeasurementOfReimbursementRights"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainLossOnRemeasurementOfReimbursementRights_lbl" xml:lang="en-US" id="id_14489302_3420126_1_1"> Gain (loss) on remeasurement, reimbursement rights </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_GainLossOnRemeasurementOfReimbursementRights_lbl" xml:lang="en-US" id="id_14489302_3420126_14_1"> Remeasurement: Experience (gains) / losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnRemeasurementOfReimbursementRights" xlink:to="ifrs-full_GainLossOnRemeasurementOfReimbursementRights_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainLossOnSaleOfSubsidiary" xlink:label="pbr_GainLossOnSaleOfSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainLossOnSaleOfSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3547722_3_1"> Gain (loss) on sale of subsidiary. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainLossOnSaleOfSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3547722_1_1"> Gain (loss) on sale of subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GainLossOnSaleOfSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3547722_2_1"> Gain loss on sale of subsidiary </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainLossOnSaleOfSubsidiary" xlink:to="pbr_GainLossOnSaleOfSubsidiary_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainLossOnSaleOfSubsidiaryAsPartOfDisposalGroup" xlink:label="pbr_GainLossOnSaleOfSubsidiaryAsPartOfDisposalGroup"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainLossOnSaleOfSubsidiaryAsPartOfDisposalGroup_lbl" xml:lang="en-US" id="id_14489302_3448236_3_1"> Gain (loss) on sale of subsidiary as part of disposal group. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainLossOnSaleOfSubsidiaryAsPartOfDisposalGroup_lbl" xml:lang="en-US" id="id_14489302_3448236_1_1"> Gain (loss) on sale of subsidiary as part of disposal group </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GainLossOnSaleOfSubsidiaryAsPartOfDisposalGroup_lbl" xml:lang="en-US" id="id_14489302_3448236_2_1"> Gain (loss) accounted for other income and expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainLossOnSaleOfSubsidiaryAsPartOfDisposalGroup" xlink:to="pbr_GainLossOnSaleOfSubsidiaryAsPartOfDisposalGroup_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:label="ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation_lbl" xml:lang="en-US" id="id_14489302_3420757_1_1"> Gain (loss) recognised on measurement to fair value less costs to sell or on disposal of assets or disposal groups constituting discontinued operation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation_lbl" xml:lang="en-US" id="id_14489302_3420757_2_1"> Loss recognized on transaction </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation" xlink:to="ifrs-full_GainLossRecognisedOnMeasurementToFairValueLessCostsToSellOrOnDisposalOfAssetsOrDisposalGroupsConstitutingDiscontinuedOperation_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainOnRemeasurementOfInvestmentRetainedWithLossOfControl" xlink:label="pbr_GainOnRemeasurementOfInvestmentRetainedWithLossOfControl"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainOnRemeasurementOfInvestmentRetainedWithLossOfControl_lbl" xml:lang="en-US" id="id_14489302_3461219_3_1"> Gain on remeasurement of investment retained with loss of control. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainOnRemeasurementOfInvestmentRetainedWithLossOfControl_lbl" xml:lang="en-US" id="id_14489302_3461219_1_1"> Gain on remeasurement of investment retained with loss of control </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GainOnRemeasurementOfInvestmentRetainedWithLossOfControl_lbl" xml:lang="en-US" id="id_14489302_3461219_2_1"> Gain on remeasurement of investment retained with loss of control </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainOnRemeasurementOfInvestmentRetainedWithLossOfControl" xlink:to="pbr_GainOnRemeasurementOfInvestmentRetainedWithLossOfControl_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainsLossesOnAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="pbr_GainsLossesOnAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainsLossesOnAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3461162_3_1"> Gains losses on associates and joint ventures accounted for using equity method. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainsLossesOnAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3461162_1_1"> Gains Losses On Associates And Joint Ventures Accounted For Using Equity Method </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GainsLossesOnAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3461162_2_1"> Recognized in equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainsLossesOnAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="pbr_GainsLossesOnAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3420549_1_1"> Gains (losses) on cash flow hedges, before tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3420549_2_1"> Foreign exchange rate variation loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3420549_12_1"> Recognized in equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:to="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3420343_1_1"> Gains (losses) on cash flow hedges, net of tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3420343_2_1"> Recognized in shareholders' equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax" xlink:to="ifrs-full_GainsLossesOnCashFlowHedgesNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US" id="id_14489302_3420760_1_1"> Gains (losses) on change in fair value of derivatives </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US" id="id_14489302_3420760_2_1"> Derivative gain (loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US" id="id_14489302_3420760_12_1"> Gains (losses) on derivatives </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:to="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainsLossesOnDecommissioningOfReturnedAbandonedAreas" xlink:label="pbr_GainsLossesOnDecommissioningOfReturnedAbandonedAreas"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainsLossesOnDecommissioningOfReturnedAbandonedAreas_lbl" xml:lang="en-US" id="id_14489302_3456081_3_1"> Gains losses on decommissioning of returned abandoned areas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainsLossesOnDecommissioningOfReturnedAbandonedAreas_lbl" xml:lang="en-US" id="id_14489302_3456081_1_1"> Gains Losses on Decommissioning of Returned Abandoned Areas </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_GainsLossesOnDecommissioningOfReturnedAbandonedAreas_lbl" xml:lang="en-US" id="id_14489302_3456081_14_1"> Gains / (losses) on decommissioning of returned/abandoned areas </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainsLossesOnDecommissioningOfReturnedAbandonedAreas" xlink:to="pbr_GainsLossesOnDecommissioningOfReturnedAbandonedAreas_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainsLossesOnDisposalsOfAssets" xlink:label="pbr_GainsLossesOnDisposalsOfAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainsLossesOnDisposalsOfAssets_lbl" xml:lang="en-US" id="id_14489302_3438445_3_1"> Gains (losses) on disposals of assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainsLossesOnDisposalsOfAssets_lbl" xml:lang="en-US" id="id_14489302_3438445_1_1"> Gains (losses) on disposals of assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GainsLossesOnDisposalsOfAssets_lbl" xml:lang="en-US" id="id_14489302_3438445_2_1"> Gain loss on disposal of assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainsLossesOnDisposalsOfAssets" xlink:to="pbr_GainsLossesOnDisposalsOfAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets" xlink:label="ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3420352_1_1"> Gains (losses) on disposals of non-current assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3420352_14_1"> Gains / (losses) on disposal/write-offs of assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets" xlink:to="ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3420355_1_1"> Gains (losses) on exchange differences on translation, net of tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3420355_2_1"> Cumulative translation adjustment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3420355_12_1"> Recognized in equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:to="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3420553_1_1"> Foreign exchange gain (loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3420553_2_1"> Foreign exchange variation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:to="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax" xlink:label="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3420770_1_1"> Gains (losses) on hedges of net investments in foreign operations, net of tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3420770_2_1"> Foreign exchange gains (losses) due to ineffectiveness </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax" xlink:to="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainsLossesOnLegalAdministrativeAndArbitrationProceedings" xlink:label="pbr_GainsLossesOnLegalAdministrativeAndArbitrationProceedings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainsLossesOnLegalAdministrativeAndArbitrationProceedings_lbl" xml:lang="en-US" id="id_14489302_3450612_3_1"> Gains Losses on Legal Administrative and Arbitration Proceedings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainsLossesOnLegalAdministrativeAndArbitrationProceedings_lbl" xml:lang="en-US" id="id_14489302_3450612_1_1"> Gains Losses on Legal Administrative and Arbitration Proceedings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_GainsLossesOnLegalAdministrativeAndArbitrationProceedings_lbl" xml:lang="en-US" id="id_14489302_3450612_14_1"> (Losses) /Gains on legal, administrative and arbitration proceedings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainsLossesOnLegalAdministrativeAndArbitrationProceedings" xlink:to="pbr_GainsLossesOnLegalAdministrativeAndArbitrationProceedings_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainsLossesOnOtherCashFlowHedgesNetOfTax" xlink:label="pbr_GainsLossesOnOtherCashFlowHedgesNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainsLossesOnOtherCashFlowHedgesNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3446918_3_1"> Gains (losses) on Other Cash Flow Hedges, Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainsLossesOnOtherCashFlowHedgesNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3446918_1_1"> Gains (losses) on Other Cash Flow Hedges, Net of Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GainsLossesOnOtherCashFlowHedgesNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3446918_2_1"> Recognized in equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainsLossesOnOtherCashFlowHedgesNetOfTax" xlink:to="pbr_GainsLossesOnOtherCashFlowHedgesNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainsLossesOnRemeasurementOfInvestments" xlink:label="pbr_GainsLossesOnRemeasurementOfInvestments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainsLossesOnRemeasurementOfInvestments_lbl" xml:lang="en-US" id="id_14489302_3914220_3_1"> Gains losses on remeasurement of investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainsLossesOnRemeasurementOfInvestments_lbl" xml:lang="en-US" id="id_14489302_3914220_1_1"> Gains Losses on Remeasurement of Investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GainsLossesOnRemeasurementOfInvestments_lbl" xml:lang="en-US" id="id_14489302_3914220_2_1"> Gain on remeasurement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainsLossesOnRemeasurementOfInvestments" xlink:to="pbr_GainsLossesOnRemeasurementOfInvestments_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GainsLossesRelatedToLegalAdministrativeAndArbitrationProceedings" xlink:label="pbr_GainsLossesRelatedToLegalAdministrativeAndArbitrationProceedings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GainsLossesRelatedToLegalAdministrativeAndArbitrationProceedings_lbl" xml:lang="en-US" id="id_14489302_3456077_3_1"> Gains losses related to legal administrative and arbitration proceedings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GainsLossesRelatedToLegalAdministrativeAndArbitrationProceedings_lbl" xml:lang="en-US" id="id_14489302_3456077_1_1"> Gains Losses Related To Legal Administrative And Arbitration Proceedings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_GainsLossesRelatedToLegalAdministrativeAndArbitrationProceedings_lbl" xml:lang="en-US" id="id_14489302_3456077_14_1"> Gains / (losses) related to legal, administrative and arbitration proceedings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GainsLossesRelatedToLegalAdministrativeAndArbitrationProceedings" xlink:to="pbr_GainsLossesRelatedToLegalAdministrativeAndArbitrationProceedings_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GaroupinhaMember" xlink:label="pbr_GaroupinhaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GaroupinhaMember_lbl" xml:lang="en-US" id="id_14489302_3553133_3_1"> Garoupinha [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GaroupinhaMember_lbl" xml:lang="en-US" id="id_14489302_3553133_1_1"> Garoupinha [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GaroupinhaMember_lbl" xml:lang="en-US" id="id_14489302_3553133_2_1"> Garoupinha [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GaroupinhaMember" xlink:to="pbr_GaroupinhaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GasAndPowerMember" xlink:label="pbr_GasAndPowerMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GasAndPowerMember_lbl" xml:lang="en-US" id="id_14489302_3487734_3_1"> Gas & power. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GasAndPowerMember_lbl" xml:lang="en-US" id="id_14489302_3487734_1_1"> Gas And Power [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GasAndPowerMember_lbl" xml:lang="en-US" id="id_14489302_3487734_2_1"> Gas & Power [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GasAndPowerMember" xlink:to="pbr_GasAndPowerMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GasAndPowerSegmentMember" xlink:label="pbr_GasAndPowerSegmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GasAndPowerSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3531362_3_1"> Gas and power segment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GasAndPowerSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3531362_1_1"> Gas and power segment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GasAndPowerSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3531362_2_1"> Gas and Power Segment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GasAndPowerSegmentMember" xlink:to="pbr_GasAndPowerSegmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GasDistributionMember" xlink:label="ifrs-full_GasDistributionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GasDistributionMember_lbl" xml:lang="en-US" id="id_14489302_3420373_1_1"> Gas distribution [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GasDistributionMember_lbl" xml:lang="en-US" id="id_14489302_3420373_2_1"> Gas Distribution [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GasDistributionMember" xlink:to="ifrs-full_GasDistributionMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GasforIIMember" xlink:label="pbr_GasforIIMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GasforIIMember_lbl" xml:lang="en-US" id="id_14489302_3553123_3_1"> GASFOR II. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GasforIIMember_lbl" xml:lang="en-US" id="id_14489302_3553123_1_1"> GASFOR II [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GasforIIMember_lbl" xml:lang="en-US" id="id_14489302_3553123_2_1"> GASFOR II [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GasforIIMember" xlink:to="pbr_GasforIIMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GasolineMember" xlink:label="pbr_GasolineMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GasolineMember_lbl" xml:lang="en-US" id="id_14489302_3553201_3_1"> Gasoline. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GasolineMember_lbl" xml:lang="en-US" id="id_14489302_3553201_1_1"> Gasoline [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GasolineMember_lbl" xml:lang="en-US" id="id_14489302_3553201_2_1"> Gasoline [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GasolineMember" xlink:to="pbr_GasolineMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GaspetroMember" xlink:label="pbr_GaspetroMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GaspetroMember_lbl" xml:lang="en-US" id="id_14489302_3531726_3_1"> Gaspetro. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GaspetroMember_lbl" xml:lang="en-US" id="id_14489302_3531726_1_1"> Gaspetro [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GaspetroMember_lbl" xml:lang="en-US" id="id_14489302_3531726_2_1"> Gaspetro [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GaspetroMember" xlink:to="pbr_GaspetroMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GasSupplyAgreementMember" xlink:label="pbr_GasSupplyAgreementMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GasSupplyAgreementMember_lbl" xml:lang="en-US" id="id_14489302_3487730_3_1"> Gas supply agreement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GasSupplyAgreementMember_lbl" xml:lang="en-US" id="id_14489302_3487730_1_1"> Gas Supply Agreement [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GasSupplyAgreementMember_lbl" xml:lang="en-US" id="id_14489302_3487730_2_1"> Gas Supply Agreement [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GasSupplyAgreementMember" xlink:to="pbr_GasSupplyAgreementMember_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd#currency_GBP" xlink:label="currency_GBP"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_GBP_lbl" xml:lang="en-US" id="id_14489302_3420153_1_1"> United Kingdom, Pounds </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="currency_GBP_lbl" xml:lang="en-US" id="id_14489302_3420153_2_1"> United Kingdom, Pounds [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_GBP" xlink:to="currency_GBP_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GeneralAndAdministrativeExpense" xlink:label="ifrs-full_GeneralAndAdministrativeExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US" id="id_14489302_3420155_1_1"> General and administrative expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US" id="id_14489302_3420155_14_1"> General and administrative </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US" id="id_14489302_3420155_18_1"> General and administrative expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeneralAndAdministrativeExpense" xlink:to="ifrs-full_GeneralAndAdministrativeExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GeographicalAreasAxis" xlink:label="ifrs-full_GeographicalAreasAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GeographicalAreasAxis_lbl" xml:lang="en-US" id="id_14489302_3420782_1_1"> Geographical areas [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GeographicalAreasAxis_lbl" xml:lang="en-US" id="id_14489302_3420782_2_1"> Geographical areas [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasAxis" xlink:to="ifrs-full_GeographicalAreasAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GeographicalAreasMember" xlink:label="ifrs-full_GeographicalAreasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GeographicalAreasMember_lbl" xml:lang="en-US" id="id_14489302_3420376_1_1"> Geographical areas [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GeographicalAreasMember_lbl" xml:lang="en-US" id="id_14489302_3420376_2_1"> Parque das Baleias [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasMember" xlink:to="ifrs-full_GeographicalAreasMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GlobalBondsMember" xlink:label="pbr_GlobalBondsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GlobalBondsMember_lbl" xml:lang="en-US" id="id_14489302_3510377_3_1"> Global bonds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GlobalBondsMember_lbl" xml:lang="en-US" id="id_14489302_3510377_1_1"> Global bonds [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GlobalBondsMember_lbl" xml:lang="en-US" id="id_14489302_3510377_2_1"> Global bonds [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GlobalBondsMember" xlink:to="pbr_GlobalBondsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GlobalLimitForAllEventualClaims" xlink:label="pbr_GlobalLimitForAllEventualClaims"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GlobalLimitForAllEventualClaims_lbl" xml:lang="en-US" id="id_14489302_3553167_3_1"> Global limit for all eventual claims. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GlobalLimitForAllEventualClaims_lbl" xml:lang="en-US" id="id_14489302_3553167_1_1"> Global limit for all eventual claims </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GlobalLimitForAllEventualClaims_lbl" xml:lang="en-US" id="id_14489302_3553167_2_1"> Global limit for all eventual claims </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GlobalLimitForAllEventualClaims" xlink:to="pbr_GlobalLimitForAllEventualClaims_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GoodwillMember" xlink:label="ifrs-full_GoodwillMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GoodwillMember_lbl" xml:lang="en-US" id="id_14489302_3420793_1_1"> Goodwill [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GoodwillMember_lbl" xml:lang="en-US" id="id_14489302_3420793_2_1"> Goodwill [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GoodwillMember" xlink:to="ifrs-full_GoodwillMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GovernmentBondsMember" xlink:label="pbr_GovernmentBondsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GovernmentBondsMember_lbl" xml:lang="en-US" id="id_14489302_3478963_3_1"> Government bonds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GovernmentBondsMember_lbl" xml:lang="en-US" id="id_14489302_3478963_1_1"> Government bonds [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GovernmentBondsMember_lbl" xml:lang="en-US" id="id_14489302_3478963_2_1"> Government Bonds [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GovernmentBondsMember" xlink:to="pbr_GovernmentBondsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GovernmentEntitiesSubTotalMember" xlink:label="pbr_GovernmentEntitiesSubTotalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GovernmentEntitiesSubTotalMember_lbl" xml:lang="en-US" id="id_14489302_3491966_3_1"> Government entities sub total. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GovernmentEntitiesSubTotalMember_lbl" xml:lang="en-US" id="id_14489302_3491966_1_1"> Government Entities Sub Total [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GovernmentEntitiesSubTotalMember_lbl" xml:lang="en-US" id="id_14489302_3491966_2_1"> Government Entities Sub Total [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GovernmentEntitiesSubTotalMember" xlink:to="pbr_GovernmentEntitiesSubTotalMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GovernmentGrantsExpenses" xlink:label="pbr_GovernmentGrantsExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GovernmentGrantsExpenses_lbl" xml:lang="en-US" id="id_14489302_3456057_3_1"> Government grants expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GovernmentGrantsExpenses_lbl" xml:lang="en-US" id="id_14489302_3456057_1_1"> Government Grants Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GovernmentGrantsExpenses_lbl" xml:lang="en-US" id="id_14489302_3456057_2_1"> Government grants </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GovernmentGrantsExpenses" xlink:to="pbr_GovernmentGrantsExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GrossCarryingAmountMember" xlink:label="ifrs-full_GrossCarryingAmountMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossCarryingAmountMember_lbl" xml:lang="en-US" id="id_14489302_3420576_1_1"> Gross carrying amount [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossCarryingAmountMember_lbl" xml:lang="en-US" id="id_14489302_3420576_2_1"> Cost [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossCarryingAmountMember" xlink:to="ifrs-full_GrossCarryingAmountMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GrossLitigationSettlementAmount" xlink:label="pbr_GrossLitigationSettlementAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GrossLitigationSettlementAmount_lbl" xml:lang="en-US" id="id_14489302_3461546_3_1"> Gross Litigation settlement amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GrossLitigationSettlementAmount_lbl" xml:lang="en-US" id="id_14489302_3461546_1_1"> Gross Litigation settlement amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GrossLitigationSettlementAmount_lbl" xml:lang="en-US" id="id_14489302_3461546_2_1"> Action Settlement amount including tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GrossLitigationSettlementAmount" xlink:to="pbr_GrossLitigationSettlementAmount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_GrossProfit" xlink:label="ifrs-full_GrossProfit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossProfit_lbl" xml:lang="en-US" id="id_14489302_3420389_1_1"> Gross profit </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossProfit_lbl" xml:lang="en-US" id="id_14489302_3420389_2_1"> Gross profit </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_GrossProfit_lbl" xml:lang="en-US" id="id_14489302_3420389_6_1"> Gross profit </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GrossProfit_lbl" xml:lang="en-US" id="id_14489302_3420389_12_1"> Gross profit (loss) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossProfit" xlink:to="ifrs-full_GrossProfit_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GuaraBVMember" xlink:label="pbr_GuaraBVMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GuaraBVMember_lbl" xml:lang="en-US" id="id_14489302_3510334_3_1"> Guara BV. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GuaraBVMember_lbl" xml:lang="en-US" id="id_14489302_3510334_1_1"> Guara BV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GuaraBVMember_lbl" xml:lang="en-US" id="id_14489302_3510334_2_1"> Guara BV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GuaraBVMember" xlink:to="pbr_GuaraBVMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GuaraniSAMember" xlink:label="pbr_GuaraniSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GuaraniSAMember_lbl" xml:lang="en-US" id="id_14489302_3491728_3_1"> Guarani SA. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GuaraniSAMember_lbl" xml:lang="en-US" id="id_14489302_3491728_1_1"> Guarani SA [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GuaraniSAMember_lbl" xml:lang="en-US" id="id_14489302_3491728_2_1"> Guarani SA [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GuaraniSAMember" xlink:to="pbr_GuaraniSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GuaranteesGivenAsCollateral" xlink:label="pbr_GuaranteesGivenAsCollateral"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GuaranteesGivenAsCollateral_lbl" xml:lang="en-US" id="id_14489302_3450544_3_1"> Guarantees given as collateral. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GuaranteesGivenAsCollateral_lbl" xml:lang="en-US" id="id_14489302_3450544_1_1"> Guarantees Given As Collateral </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GuaranteesGivenAsCollateral_lbl" xml:lang="en-US" id="id_14489302_3450544_2_1"> Guarantees given as collateral </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GuaranteesGivenAsCollateral" xlink:to="pbr_GuaranteesGivenAsCollateral_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_GuaricemaMember" xlink:label="pbr_GuaricemaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_GuaricemaMember_lbl" xml:lang="en-US" id="id_14489302_3487687_3_1"> Guaricema. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_GuaricemaMember_lbl" xml:lang="en-US" id="id_14489302_3487687_1_1"> Guaricema [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_GuaricemaMember_lbl" xml:lang="en-US" id="id_14489302_3487687_2_1"> Guaricema [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_GuaricemaMember" xlink:to="pbr_GuaricemaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_HealthSafetyAndEnvironment" xlink:label="pbr_HealthSafetyAndEnvironment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_HealthSafetyAndEnvironment_lbl" xml:lang="en-US" id="id_14489302_3450607_3_1"> Health safety and environment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_HealthSafetyAndEnvironment_lbl" xml:lang="en-US" id="id_14489302_3450607_1_1"> Health Safety And Environment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_HealthSafetyAndEnvironment_lbl" xml:lang="en-US" id="id_14489302_3450607_14_1"> Health, safety and environment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_HealthSafetyAndEnvironment" xlink:to="pbr_HealthSafetyAndEnvironment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_HedgeRatioOfHedgingInstrumentsDesignatedByHighlyProbableFutureExports" xlink:label="pbr_HedgeRatioOfHedgingInstrumentsDesignatedByHighlyProbableFutureExports"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_HedgeRatioOfHedgingInstrumentsDesignatedByHighlyProbableFutureExports_lbl" xml:lang="en-US" id="id_14489302_3523917_3_1"> Hedge ratio of hedging instruments designated by highly probable future exports. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_HedgeRatioOfHedgingInstrumentsDesignatedByHighlyProbableFutureExports_lbl" xml:lang="en-US" id="id_14489302_3523917_1_1"> Hedge Ratio Of Hedging Instruments Designated By Highly Probable Future Exports </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_HedgeRatioOfHedgingInstrumentsDesignatedByHighlyProbableFutureExports_lbl" xml:lang="en-US" id="id_14489302_3523917_2_1"> Hedging instruments designated / Highly probable future exports (%) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_HedgeRatioOfHedgingInstrumentsDesignatedByHighlyProbableFutureExports" xlink:to="pbr_HedgeRatioOfHedgingInstrumentsDesignatedByHighlyProbableFutureExports_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_HedgingInstrumentsAxis" xlink:label="ifrs-full_HedgingInstrumentsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgingInstrumentsAxis_lbl" xml:lang="en-US" id="id_14489302_3420184_1_1"> Hedging instruments [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_HedgingInstrumentsAxis_lbl" xml:lang="en-US" id="id_14489302_3420184_2_1"> Hedging instruments [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgingInstrumentsAxis" xlink:to="ifrs-full_HedgingInstrumentsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_HedgingInstrumentsMember" xlink:label="ifrs-full_HedgingInstrumentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgingInstrumentsMember_lbl" xml:lang="en-US" id="id_14489302_3420592_1_1"> Hedging instruments [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_HedgingInstrumentsMember_lbl" xml:lang="en-US" id="id_14489302_3420592_2_1"> Hedging instruments [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgingInstrumentsMember" xlink:to="ifrs-full_HedgingInstrumentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_HeldtomaturityInvestments" xlink:label="ifrs-full_HeldtomaturityInvestments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HeldtomaturityInvestments_lbl" xml:lang="en-US" id="id_14489302_3420816_1_1"> Held-to-maturity investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_HeldtomaturityInvestments_lbl" xml:lang="en-US" id="id_14489302_3420816_2_1"> Held-to-maturity securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HeldtomaturityInvestments" xlink:to="ifrs-full_HeldtomaturityInvestments_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_HibernationOfEquipment" xlink:label="pbr_HibernationOfEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_HibernationOfEquipment_lbl" xml:lang="en-US" id="id_14489302_3461242_3_1"> Hibernation of equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_HibernationOfEquipment_lbl" xml:lang="en-US" id="id_14489302_3461242_1_1"> Hibernation of equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_HibernationOfEquipment_lbl" xml:lang="en-US" id="id_14489302_3461242_2_1"> Hibernation of equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_HibernationOfEquipment" xlink:to="pbr_HibernationOfEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IaraBVMember" xlink:label="pbr_IaraBVMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IaraBVMember_lbl" xml:lang="en-US" id="id_14489302_3553080_3_1"> Iara BV. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IaraBVMember_lbl" xml:lang="en-US" id="id_14489302_3553080_1_1"> Iara BV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IaraBVMember_lbl" xml:lang="en-US" id="id_14489302_3553080_2_1"> Iara BV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IaraBVMember" xlink:to="pbr_IaraBVMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IbiritermoSAMember" xlink:label="pbr_IbiritermoSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IbiritermoSAMember_lbl" xml:lang="en-US" id="id_14489302_3529891_3_1"> Ibiritermo S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IbiritermoSAMember_lbl" xml:lang="en-US" id="id_14489302_3529891_1_1"> Ibiritermo S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IbiritermoSAMember_lbl" xml:lang="en-US" id="id_14489302_3529891_2_1"> Ibiritermo S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IbiritermoSAMember" xlink:to="pbr_IbiritermoSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IFRS16Member" xlink:label="pbr_IFRS16Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IFRS16Member_lbl" xml:lang="en-US" id="id_14489302_3512331_3_1"> IFRS 16 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IFRS16Member_lbl" xml:lang="en-US" id="id_14489302_3512331_1_1"> IFRS 16 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IFRS16Member_lbl" xml:lang="en-US" id="id_14489302_3512331_2_1"> IFRS 16 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IFRS16Member" xlink:to="pbr_IFRS16Member_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IFRSMember" xlink:label="pbr_IFRSMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IFRSMember_lbl" xml:lang="en-US" id="id_14489302_3514154_3_1"> IFRS [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IFRSMember_lbl" xml:lang="en-US" id="id_14489302_3514154_1_1"> IFRS [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IFRSMember_lbl" xml:lang="en-US" id="id_14489302_3514154_2_1"> IFRS [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IFRSMember" xlink:to="pbr_IFRSMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ImpactOfInitialApplicationOfIFRS9" xlink:label="pbr_ImpactOfInitialApplicationOfIFRS9"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ImpactOfInitialApplicationOfIFRS9_lbl" xml:lang="en-US" id="id_14489302_3447599_3_1"> Impact Of Initial Application Of IFRS 9 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ImpactOfInitialApplicationOfIFRS9_lbl" xml:lang="en-US" id="id_14489302_3447599_1_1"> Impact Of Initial Application Of IFRS 9 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ImpactOfInitialApplicationOfIFRS9_lbl" xml:lang="en-US" id="id_14489302_3447599_2_1"> Initial application of IFRS9 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ImpactOfInitialApplicationOfIFRS9" xlink:to="pbr_ImpactOfInitialApplicationOfIFRS9_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ImpactsOfPISCOFINSOnSettlementPrograms" xlink:label="pbr_ImpactsOfPISCOFINSOnSettlementPrograms"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ImpactsOfPISCOFINSOnSettlementPrograms_lbl" xml:lang="en-US" id="id_14489302_3461276_3_1"> Impacts of PIS/ COFINS on settlement programs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ImpactsOfPISCOFINSOnSettlementPrograms_lbl" xml:lang="en-US" id="id_14489302_3461276_1_1"> Impacts of PIS/ COFINS on settlement programs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ImpactsOfPISCOFINSOnSettlementPrograms_lbl" xml:lang="en-US" id="id_14489302_3461276_2_1"> Impacts of PIS/COFINS on settlement programs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ImpactsOfPISCOFINSOnSettlementPrograms" xlink:to="pbr_ImpactsOfPISCOFINSOnSettlementPrograms_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ImpactsWithinTheStatementOfIncomeBeforeIndexationCharges" xlink:label="pbr_ImpactsWithinTheStatementOfIncomeBeforeIndexationCharges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ImpactsWithinTheStatementOfIncomeBeforeIndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3461273_3_1"> Impacts within the statement of income before Indexation charges. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ImpactsWithinTheStatementOfIncomeBeforeIndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3461273_1_1"> Impacts within the statement of income before Indexation charges </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_ImpactsWithinTheStatementOfIncomeBeforeIndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3461273_6_1"> Impacts within the statement of income (before Indexation charges) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ImpactsWithinTheStatementOfIncomeBeforeIndexationCharges" xlink:to="pbr_ImpactsWithinTheStatementOfIncomeBeforeIndexationCharges_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ImpairmentChargeMember" xlink:label="pbr_ImpairmentChargeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ImpairmentChargeMember_lbl" xml:lang="en-US" id="id_14489302_3505356_3_1"> Impairment charge. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ImpairmentChargeMember_lbl" xml:lang="en-US" id="id_14489302_3505356_1_1"> Impairment charge [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ImpairmentChargeMember_lbl" xml:lang="en-US" id="id_14489302_3505356_2_1"> Impairment charges [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ImpairmentChargeMember" xlink:to="pbr_ImpairmentChargeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ImpairmentChargeResultsInEquityAccountedInvestments" xlink:label="pbr_ImpairmentChargeResultsInEquityAccountedInvestments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ImpairmentChargeResultsInEquityAccountedInvestments_lbl" xml:lang="en-US" id="id_14489302_3456399_3_1"> Impairment charge results in equity accounted investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ImpairmentChargeResultsInEquityAccountedInvestments_lbl" xml:lang="en-US" id="id_14489302_3456399_1_1"> Impairment charge results in equity accounted investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ImpairmentChargeResultsInEquityAccountedInvestments_lbl" xml:lang="en-US" id="id_14489302_3456399_2_1"> Impairment charge </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ImpairmentChargeResultsInEquityAccountedInvestments" xlink:to="pbr_ImpairmentChargeResultsInEquityAccountedInvestments_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLoss" xlink:label="ifrs-full_ImpairmentLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLoss_lbl" xml:lang="en-US" id="id_14489302_3420613_1_1"> Impairment loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentLoss_lbl" xml:lang="en-US" id="id_14489302_3420613_2_1"> Impairment losses recognized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLoss" xlink:to="ifrs-full_ImpairmentLoss_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ImpairmentLossMember" xlink:label="pbr_ImpairmentLossMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ImpairmentLossMember_lbl" xml:lang="en-US" id="id_14489302_3491756_3_1"> Impairment Loss [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ImpairmentLossMember_lbl" xml:lang="en-US" id="id_14489302_3491756_1_1"> Impairment Loss [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ImpairmentLossMember_lbl" xml:lang="en-US" id="id_14489302_3491756_2_1"> Impairment Loss [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ImpairmentLossMember" xlink:to="pbr_ImpairmentLossMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ImpairmentLossOnEquityInvestmentInAssociates" xlink:label="pbr_ImpairmentLossOnEquityInvestmentInAssociates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ImpairmentLossOnEquityInvestmentInAssociates_lbl" xml:lang="en-US" id="id_14489302_3464626_3_1"> Impairment loss on equity investment in associates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ImpairmentLossOnEquityInvestmentInAssociates_lbl" xml:lang="en-US" id="id_14489302_3464626_1_1"> Impairment Loss On Equity Investment In Associates </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ImpairmentLossOnEquityInvestmentInAssociates_lbl" xml:lang="en-US" id="id_14489302_3464626_2_1"> Impairment losses on equity-method investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ImpairmentLossOnEquityInvestmentInAssociates" xlink:to="pbr_ImpairmentLossOnEquityInvestmentInAssociates_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLossOnFinancialAssets" xlink:label="ifrs-full_ImpairmentLossOnFinancialAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossOnFinancialAssets_lbl" xml:lang="en-US" id="id_14489302_3420428_1_1"> Impairment loss on financial assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentLossOnFinancialAssets_lbl" xml:lang="en-US" id="id_14489302_3420428_2_1"> Impairment loss on financial assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossOnFinancialAssets" xlink:to="ifrs-full_ImpairmentLossOnFinancialAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" xml:lang="en-US" id="id_14489302_3420207_1_1"> Impairment loss recognised in profit or loss, goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" xml:lang="en-US" id="id_14489302_3420207_2_1"> Impairment on goodwill </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:to="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3420616_1_1"> Impairment loss recognised in profit or loss, intangible assets other than goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3420616_2_1"> Impairment recognition </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3420432_1_1"> Impairment loss recognised in profit or loss, property, plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3420432_14_1"> Impairment recognition </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:to="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3420617_1_1"> Impairment loss recognised in profit or loss, trade receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3420617_14_1"> Allowance for expected credit losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables" xlink:to="ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ImpairmentLossRecognizedAsOther" xlink:label="pbr_ImpairmentLossRecognizedAsOther"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ImpairmentLossRecognizedAsOther_lbl" xml:lang="en-US" id="id_14489302_3436834_3_1"> Impairment loss recognized as other. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ImpairmentLossRecognizedAsOther_lbl" xml:lang="en-US" id="id_14489302_3436834_1_1"> Impairment Loss Recognized As Other </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ImpairmentLossRecognizedAsOther_lbl" xml:lang="en-US" id="id_14489302_3436834_2_1"> Lower fair value of certain equipment not be committed to other projects </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ImpairmentLossRecognizedAsOther" xlink:to="pbr_ImpairmentLossRecognizedAsOther_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3420434_1_1"> Impairment loss (reversal of impairment loss) recognised in profit or loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3420434_2_1"> Impairment (losses) / reversals </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3420434_14_1"> Impairment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US" id="id_14489302_3420434_18_1"> Impairment of assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:to="ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:label="ifrs-full_ImpairmentOfFinancialAssetsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentOfFinancialAssetsAxis_lbl" xml:lang="en-US" id="id_14489302_3420436_1_1"> Impairment of financial assets [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentOfFinancialAssetsAxis_lbl" xml:lang="en-US" id="id_14489302_3420436_2_1"> Impairment of financial assets [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentOfFinancialAssetsAxis" xlink:to="ifrs-full_ImpairmentOfFinancialAssetsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ImpairmentOfOilAndGasProperties1" xlink:label="pbr_ImpairmentOfOilAndGasProperties1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ImpairmentOfOilAndGasProperties1_lbl" xml:lang="en-US" id="id_14489302_3530441_3_1"> Impairment of oil and gas properties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ImpairmentOfOilAndGasProperties1_lbl" xml:lang="en-US" id="id_14489302_3530441_1_1"> Impairment Of Oil And Gas Properties1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ImpairmentOfOilAndGasProperties1_lbl" xml:lang="en-US" id="id_14489302_3530441_2_1"> Impairment of oil and gas properties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ImpairmentOfOilAndGasProperties1" xlink:to="pbr_ImpairmentOfOilAndGasProperties1_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InAccordanceWithIFRS9Member" xlink:label="ifrs-full_InAccordanceWithIFRS9Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InAccordanceWithIFRS9Member_lbl" xml:lang="en-US" id="id_14489302_3420440_1_1"> In accordance with IFRS 9 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InAccordanceWithIFRS9Member_lbl" xml:lang="en-US" id="id_14489302_3420440_2_1"> In accordance with IFRS 9 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InAccordanceWithIFRS9Member" xlink:to="ifrs-full_InAccordanceWithIFRS9Member_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources" xlink:label="ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_14489302_3420621_1_1"> Income arising from exploration for and evaluation of mineral resources </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_14489302_3420621_2_1"> Income arising of drilling activities for oil, natural gas and other liquid hydrocarbons located in the pre-salt area limited to the production </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources" xlink:to="ifrs-full_IncomeArisingFromExplorationForAndEvaluationOfMineralResources_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeExpense" xlink:label="pbr_IncomeExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeExpense_lbl" xml:lang="en-US" id="id_14489302_3456189_3_1"> Income expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeExpense_lbl" xml:lang="en-US" id="id_14489302_3456189_1_1"> Income Expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncomeExpense_lbl" xml:lang="en-US" id="id_14489302_3456189_2_1"> Income (Expense) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_IncomeExpense_lbl" xml:lang="en-US" id="id_14489302_3456189_12_1"> Income and expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeExpense" xlink:to="pbr_IncomeExpense_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeExpenseArisingFromExplorationForAndEvaluationOfMineralResources" xlink:label="pbr_IncomeExpenseArisingFromExplorationForAndEvaluationOfMineralResources"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeExpenseArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_14489302_4062064_3_1"> Income expense arising from exploration for and evaluation of mineral resources </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeExpenseArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_14489302_4062064_1_1"> Income expense arising from exploration for and evaluation of mineral resources </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_IncomeExpenseArisingFromExplorationForAndEvaluationOfMineralResources_lbl" xml:lang="en-US" id="id_14489302_4062064_14_1"> Exploration expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeExpenseArisingFromExplorationForAndEvaluationOfMineralResources" xlink:to="pbr_IncomeExpenseArisingFromExplorationForAndEvaluationOfMineralResources_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent" xlink:label="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3420443_1_1"> Income from continuing operations attributable to owners of parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3420443_32_1"> Net income from continuing operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3420443_2_1"> Net income (loss) attributable to shareholders of Petrobras, discontinued operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3420443_12_1"> Net income (loss) from continuing operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent" xlink:to="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent" xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3420854_1_1"> Income from discontinued operations attributable to owners of parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3420854_32_1"> Net income from discontinued operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3420854_2_1"> Net income (loss) attributable to shareholders of Petrobras, discontinued operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3420854_12_1"> Net income (loss) from discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent" xlink:to="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeFromInvestmentsAndMarketableSecurities" xlink:label="pbr_IncomeFromInvestmentsAndMarketableSecurities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeFromInvestmentsAndMarketableSecurities_lbl" xml:lang="en-US" id="id_14489302_3450609_3_1"> Income from investments and marketable securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeFromInvestmentsAndMarketableSecurities_lbl" xml:lang="en-US" id="id_14489302_3450609_1_1"> Income From Investments And Marketable Securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncomeFromInvestmentsAndMarketableSecurities_lbl" xml:lang="en-US" id="id_14489302_3450609_2_1"> Income from investments and marketable securities (Government Bonds) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeFromInvestmentsAndMarketableSecurities" xlink:to="pbr_IncomeFromInvestmentsAndMarketableSecurities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeLossBeforeFinanceIncomeExpenseResultsInEquityAccountedInvestmentsAndIncomeTaxes" xlink:label="pbr_IncomeLossBeforeFinanceIncomeExpenseResultsInEquityAccountedInvestmentsAndIncomeTaxes"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeLossBeforeFinanceIncomeExpenseResultsInEquityAccountedInvestmentsAndIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3450540_3_1"> Income (loss) before finance income (expense), results in equity-accounted investments and income taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeLossBeforeFinanceIncomeExpenseResultsInEquityAccountedInvestmentsAndIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3450540_1_1"> Income Loss Before Finance Income (Expense), Results in Equity Accounted Investments And Income Taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_IncomeLossBeforeFinanceIncomeExpenseResultsInEquityAccountedInvestmentsAndIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3450540_6_1"> Net income / (loss) before financial results and income taxes </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="ifrs-full_IncomeStatementAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeStatementAbstract_lbl" xml:lang="en-US" id="id_14489302_3420627_1_1"> Profit or loss [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncomeStatementAbstract_lbl" xml:lang="en-US" id="id_14489302_3420627_2_1"> Profit or loss [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeStatementAbstract" xlink:to="ifrs-full_IncomeStatementAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeStatementLocation1Member" xlink:label="pbr_IncomeStatementLocation1Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeStatementLocation1Member_lbl" xml:lang="en-US" id="id_14489302_3494865_3_1"> Income Statement Location1 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeStatementLocation1Member_lbl" xml:lang="en-US" id="id_14489302_3494865_1_1"> Income Statement Location1 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncomeStatementLocation1Member_lbl" xml:lang="en-US" id="id_14489302_3494865_2_1"> Income Statement Location1 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeStatementLocation1Member" xlink:to="pbr_IncomeStatementLocation1Member_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeStatementLocationAxis" xlink:label="pbr_IncomeStatementLocationAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeStatementLocationAxis_lbl" xml:lang="en-US" id="id_14489302_3475558_3_1"> Income statement location. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeStatementLocationAxis_lbl" xml:lang="en-US" id="id_14489302_3475558_1_1"> Income Statement Location [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncomeStatementLocationAxis_lbl" xml:lang="en-US" id="id_14489302_3475558_2_1"> Income Statement Location [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeStatementLocationAxis" xlink:to="pbr_IncomeStatementLocationAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeTaxAuthority1Axis" xlink:label="pbr_IncomeTaxAuthority1Axis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeTaxAuthority1Axis_lbl" xml:lang="en-US" id="id_14489302_3475724_3_1"> Income tax authority 1 [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeTaxAuthority1Axis_lbl" xml:lang="en-US" id="id_14489302_3475724_1_1"> Income tax authority 1 [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncomeTaxAuthority1Axis_lbl" xml:lang="en-US" id="id_14489302_3475724_2_1"> Income tax authority 1 [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeTaxAuthority1Axis" xlink:to="pbr_IncomeTaxAuthority1Axis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeTaxAuthority1Domain" xlink:label="pbr_IncomeTaxAuthority1Domain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeTaxAuthority1Domain_lbl" xml:lang="en-US" id="id_14489302_3476346_3_1"> Income Tax Authority domain. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeTaxAuthority1Domain_lbl" xml:lang="en-US" id="id_14489302_3476346_1_1"> Income Tax Authority 1 [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncomeTaxAuthority1Domain_lbl" xml:lang="en-US" id="id_14489302_3476346_2_1"> Income Tax Authority 1 [domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeTaxAuthority1Domain" xlink:to="pbr_IncomeTaxAuthority1Domain_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeTaxesMember" xlink:label="pbr_IncomeTaxesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3502287_3_1"> Income taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3502287_1_1"> Income Taxes [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncomeTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3502287_2_1"> Income taxes [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeTaxesMember" xlink:to="pbr_IncomeTaxesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeTaxesNoticeOfDeficiency" xlink:label="pbr_IncomeTaxesNoticeOfDeficiency"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeTaxesNoticeOfDeficiency_lbl" xml:lang="en-US" id="id_14489302_3461275_3_1"> Income taxes notice of deficiency. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeTaxesNoticeOfDeficiency_lbl" xml:lang="en-US" id="id_14489302_3461275_1_1"> Income taxes notice of deficiency </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_IncomeTaxesNoticeOfDeficiency_lbl" xml:lang="en-US" id="id_14489302_3461275_14_1"> Income taxes - notice of deficiency </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeTaxesNoticeOfDeficiency" xlink:to="pbr_IncomeTaxesNoticeOfDeficiency_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3420215_1_1"> Income taxes paid (refund), classified as operating activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3420215_14_1"> Income taxes paid </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:to="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeTaxExpenseAfterReduction" xlink:label="pbr_IncomeTaxExpenseAfterReduction"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeTaxExpenseAfterReduction_lbl" xml:lang="en-US" id="id_14489302_3530413_3_1"> Income tax expense after reduction. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeTaxExpenseAfterReduction_lbl" xml:lang="en-US" id="id_14489302_3530413_1_1"> Income tax expense after reduction </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncomeTaxExpenseAfterReduction_lbl" xml:lang="en-US" id="id_14489302_3530413_2_1"> Income tax expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeTaxExpenseAfterReduction" xlink:to="pbr_IncomeTaxExpenseAfterReduction_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3420859_1_1"> Tax expense (income) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3420859_14_1"> Income taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3420859_19_1"> Income taxes expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeTaxExpenseDiscontinuedOperations" xlink:label="pbr_IncomeTaxExpenseDiscontinuedOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeTaxExpenseDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3439698_3_1"> Income Tax Expense Discontinued Operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeTaxExpenseDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3439698_1_1"> Income Tax Expense Discontinued Operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_IncomeTaxExpenseDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3439698_14_1"> Income taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeTaxExpenseDiscontinuedOperations" xlink:to="pbr_IncomeTaxExpenseDiscontinuedOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:label="ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3420449_1_1"> Income tax relating to cash flow hedges included in other comprehensive income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3420449_14_1"> Deferred income tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome" xlink:to="ifrs-full_IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:label="ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3420456_1_1"> Income tax relating to remeasurements of defined benefit plans included in other comprehensive income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3420456_14_1"> Deferred income tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:to="ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3540947_3_1"> Income tax relating to unrealized gains losses on securities measured at fair value through other comprehensive income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3540947_1_1"> Income tax relating to unrealized gains losses on securities measured at fair value through other comprehensive income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3540947_14_1"> Deferred income tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss" xlink:label="pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss_lbl" xml:lang="en-US" id="id_14489302_3540949_3_1"> Income tax relating to unrealized gains losses on securities measured at fair value through other comprehensive income that will be reclassified to profit and loss. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss_lbl" xml:lang="en-US" id="id_14489302_3540949_1_1"> Income tax relating to unrealized gains losses on securities measured at fair value through other comprehensive income that will be reclassified to profit and loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss_lbl" xml:lang="en-US" id="id_14489302_3540949_14_1"> Deferred income tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss" xlink:to="pbr_IncomeTaxRelatingToUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncomeTaxReversalOfUnusedTaxLosses" xlink:label="pbr_IncomeTaxReversalOfUnusedTaxLosses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncomeTaxReversalOfUnusedTaxLosses_lbl" xml:lang="en-US" id="id_14489302_3461277_3_1"> Income tax reversal of unused tax losses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncomeTaxReversalOfUnusedTaxLosses_lbl" xml:lang="en-US" id="id_14489302_3461277_1_1"> Income tax reversal of unused tax losses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_IncomeTaxReversalOfUnusedTaxLosses_lbl" xml:lang="en-US" id="id_14489302_3461277_14_1"> Income taxes - reversal of unused tax losses from 2012 to 2017 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncomeTaxReversalOfUnusedTaxLosses" xlink:to="pbr_IncomeTaxReversalOfUnusedTaxLosses_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseDueToApplicationOfIFRS15Member" xlink:label="ifrs-full_IncreaseDecreaseDueToApplicationOfIFRS15Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseDueToApplicationOfIFRS15Member_lbl" xml:lang="en-US" id="id_14489302_3420637_1_1"> Increase (decrease) due to application of IFRS 15 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseDueToApplicationOfIFRS15Member_lbl" xml:lang="en-US" id="id_14489302_3420637_2_1"> Increase (decrease) due to application of IFRS 15 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseDueToApplicationOfIFRS15Member" xlink:to="ifrs-full_IncreaseDecreaseDueToApplicationOfIFRS15Member_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsMember" xlink:label="ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsMember_lbl" xml:lang="en-US" id="id_14489302_3420871_1_1"> Increase (decrease) due to changes in accounting policy required by IFRSs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsMember_lbl" xml:lang="en-US" id="id_14489302_3420871_2_1"> Increase (decrease) due to changes in accounting policy required by IFRSs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsMember" xlink:to="ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncreaseDecreaseExpectedCreditLoss" xlink:label="pbr_IncreaseDecreaseExpectedCreditLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncreaseDecreaseExpectedCreditLoss_lbl" xml:lang="en-US" id="id_14489302_3448399_3_1"> Increase decrease expected credit loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncreaseDecreaseExpectedCreditLoss_lbl" xml:lang="en-US" id="id_14489302_3448399_1_1"> Increase decrease expected credit loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_IncreaseDecreaseExpectedCreditLoss_lbl" xml:lang="en-US" id="id_14489302_3448399_14_1"> (Additions)/reversals of ECL </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseInAccountingEstimate" xlink:label="ifrs-full_IncreaseDecreaseInAccountingEstimate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInAccountingEstimate_lbl" xml:lang="en-US" id="id_14489302_3420458_1_1"> Increase (decrease) in accounting estimate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInAccountingEstimate_lbl" xml:lang="en-US" id="id_14489302_3420458_2_1"> Increase (decrease) in balances due to adoption of new accounting standards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInAccountingEstimate" xlink:to="ifrs-full_IncreaseDecreaseInAccountingEstimate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3420226_1_1"> Increase (decrease) in cash and cash equivalents </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3420226_2_1"> Increase (decrease) in cash and cash equivalents </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3420226_6_1"> Net increase (decrease) in cash and cash equivalents </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3420226_12_1"> Net increase (decrease) in cash and cash equivalents </label>
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<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_IncreaseDecreaseInEstimatedFutureDevelopmentCosts" xlink:label="srt_IncreaseDecreaseInEstimatedFutureDevelopmentCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_IncreaseDecreaseInEstimatedFutureDevelopmentCosts_lbl" xml:lang="en-US" id="id_14489302_3420231_1_1"> Changes in Estimated Future Development Costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_IncreaseDecreaseInEstimatedFutureDevelopmentCosts_lbl" xml:lang="en-US" id="id_14489302_3420231_2_1"> Changes in estimated future development costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_IncreaseDecreaseInEstimatedFutureDevelopmentCosts" xlink:to="srt_IncreaseDecreaseInEstimatedFutureDevelopmentCosts_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions" xlink:label="ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3420467_1_1"> Increase in existing provisions, other provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3420467_14_1"> Payments made </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions" xlink:to="ifrs-full_IncreaseDecreaseInExistingProvisionsOtherProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseInFinancialLiabilitiesOnBasisOfMeasurementCategoryFirstApplicationOfIFRS9" xlink:label="ifrs-full_IncreaseDecreaseInFinancialLiabilitiesOnBasisOfMeasurementCategoryFirstApplicationOfIFRS9"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInFinancialLiabilitiesOnBasisOfMeasurementCategoryFirstApplicationOfIFRS9_lbl" xml:lang="en-US" id="id_14489302_3420236_1_1"> Increase (decrease) in financial liabilities on basis of measurement category, initial application of IFRS 9 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInFinancialLiabilitiesOnBasisOfMeasurementCategoryFirstApplicationOfIFRS9_lbl" xml:lang="en-US" id="id_14489302_3420236_2_1"> Increase in current and non-current debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInFinancialLiabilitiesOnBasisOfMeasurementCategoryFirstApplicationOfIFRS9" xlink:to="ifrs-full_IncreaseDecreaseInFinancialLiabilitiesOnBasisOfMeasurementCategoryFirstApplicationOfIFRS9_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncreaseDecreaseInForeignCurrencyExchangeRate" xlink:label="pbr_IncreaseDecreaseInForeignCurrencyExchangeRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncreaseDecreaseInForeignCurrencyExchangeRate_lbl" xml:lang="en-US" id="id_14489302_3524424_3_1"> Increase decrease in foreign currency exchange rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncreaseDecreaseInForeignCurrencyExchangeRate_lbl" xml:lang="en-US" id="id_14489302_3524424_1_1"> Increase Decrease In Foreign Currency Exchange Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncreaseDecreaseInForeignCurrencyExchangeRate_lbl" xml:lang="en-US" id="id_14489302_3524424_2_1"> Appreciation or depreciation in foreign currency exchange rate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncreaseDecreaseInForeignCurrencyExchangeRate" xlink:to="pbr_IncreaseDecreaseInForeignCurrencyExchangeRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" xlink:label="srt_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves_lbl" xml:lang="en-US" id="id_14489302_3420237_1_1"> Changes in Future Income Tax Expense Estimates on Future Cash Flows Related to Proved Oil and Gas Reserves </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves_lbl" xml:lang="en-US" id="id_14489302_3420237_2_1"> Net change in income taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves" xlink:to="srt_IncreaseDecreaseInFutureIncomeTaxExpenseEstimatesOnFutureCashFlowsRelatedToProvedOilAndGasReserves_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncreaseDecreaseInInvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:label="pbr_IncreaseDecreaseInInvestmentsInAssociatesAccountedForUsingEquityMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncreaseDecreaseInInvestmentsInAssociatesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3457692_3_1"> Increase (decrease) in investments in associates accounted for using equity method. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncreaseDecreaseInInvestmentsInAssociatesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3457692_1_1"> Increase decrease in investments in associates accounted for using equity method </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_IncreaseDecreaseInInvestmentsInAssociatesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3457692_14_1"> Results in equity- accounted investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncreaseDecreaseInInvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:to="pbr_IncreaseDecreaseInInvestmentsInAssociatesAccountedForUsingEquityMethod_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncreaseDecreaseInInvestmentsInInvestees" xlink:label="pbr_IncreaseDecreaseInInvestmentsInInvestees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncreaseDecreaseInInvestmentsInInvestees_lbl" xml:lang="en-US" id="id_14489302_3450412_3_1"> Increase (decrease) in investments in investees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncreaseDecreaseInInvestmentsInInvestees_lbl" xml:lang="en-US" id="id_14489302_3450412_1_1"> Increase Decrease In Investments In Investees </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncreaseDecreaseInInvestmentsInInvestees_lbl" xml:lang="en-US" id="id_14489302_3450412_2_1"> Investments in investees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncreaseDecreaseInInvestmentsInInvestees" xlink:to="pbr_IncreaseDecreaseInInvestmentsInInvestees_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncreaseDecreaseInOilAndOilProductsPrice" xlink:label="pbr_IncreaseDecreaseInOilAndOilProductsPrice"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncreaseDecreaseInOilAndOilProductsPrice_lbl" xml:lang="en-US" id="id_14489302_3525084_3_1"> Increase decrease in oil and oil products price. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncreaseDecreaseInOilAndOilProductsPrice_lbl" xml:lang="en-US" id="id_14489302_3525084_1_1"> Increase Decrease In Oil And Oil Products Price </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncreaseDecreaseInOilAndOilProductsPrice_lbl" xml:lang="en-US" id="id_14489302_3525084_2_1"> Appreciation or depreciation in oil and oil products prices </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncreaseDecreaseInOilAndOilProductsPrice" xlink:to="pbr_IncreaseDecreaseInOilAndOilProductsPrice_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncreaseDecreaseInRiskExposureAssociatedWithInstrumentsSharingCharacteristic" xlink:label="pbr_IncreaseDecreaseInRiskExposureAssociatedWithInstrumentsSharingCharacteristic"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncreaseDecreaseInRiskExposureAssociatedWithInstrumentsSharingCharacteristic_lbl" xml:lang="en-US" id="id_14489302_3557077_3_1"> Increase (decrease) in risk exposure associated with instruments sharing characteristic. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncreaseDecreaseInRiskExposureAssociatedWithInstrumentsSharingCharacteristic_lbl" xml:lang="en-US" id="id_14489302_3557077_1_1"> Increase (decrease) in risk exposure associated with instruments sharing characteristic </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncreaseDecreaseInRiskExposureAssociatedWithInstrumentsSharingCharacteristic_lbl" xml:lang="en-US" id="id_14489302_3557077_2_1"> Risk exposure associated with instruments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncreaseDecreaseInRiskExposureAssociatedWithInstrumentsSharingCharacteristic" xlink:to="pbr_IncreaseDecreaseInRiskExposureAssociatedWithInstrumentsSharingCharacteristic_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3420894_1_1"> Increase (decrease) through changes in foreign exchange rates, net defined benefit liability (asset) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3420894_2_1"> Cumulative Translation Adjustment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3420894_14_1"> Cumulative Translation Adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets" xlink:label="ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets_lbl" xml:lang="en-US" id="id_14489302_3420494_1_1"> Increase (decrease) through modification of contractual cash flows, financial assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets_lbl" xml:lang="en-US" id="id_14489302_3420494_2_1"> Modification of contractual cash flows </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets" xlink:to="ifrs-full_IncreaseDecreaseThroughModificationOfContractualCashFlowsFinancialAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_14489302_3420669_1_1"> Increase (decrease) through net exchange differences, intangible assets and goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_14489302_3420669_2_1"> Cumulative translation adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsAndGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty_lbl" xml:lang="en-US" id="id_14489302_3420671_1_1"> Increase (decrease) through net exchange differences, investment property </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty_lbl" xml:lang="en-US" id="id_14489302_3420671_2_1"> CTA </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesInvestmentProperty_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3420913_1_1"> Increase (decrease) through net exchange differences, other provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3420913_2_1"> Cumulative translation adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3420496_1_1"> Increase (decrease) through net exchange differences, property, plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3420496_2_1"> Cumulative translation adjustment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3420496_14_1"> Cumulative translation adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesPropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3420270_1_1"> Increase (decrease) through other changes, net defined benefit liability (asset) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3420270_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_IncreaseDecreaseThroughOtherChangesNetDefinedBenefitLiabilityAsset_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransferBetweenRevaluationReserveAndRetainedEarnings" xlink:label="ifrs-full_IncreaseDecreaseThroughTransferBetweenRevaluationReserveAndRetainedEarnings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransferBetweenRevaluationReserveAndRetainedEarnings_lbl" xml:lang="en-US" id="id_14489302_3420274_1_1"> Increase (decrease) through transfer between revaluation surplus and retained earnings, equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransferBetweenRevaluationReserveAndRetainedEarnings_lbl" xml:lang="en-US" id="id_14489302_3420274_2_1"> Transfer to reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransferBetweenRevaluationReserveAndRetainedEarnings" xlink:to="ifrs-full_IncreaseDecreaseThroughTransferBetweenRevaluationReserveAndRetainedEarnings_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3420926_1_1"> Increase (decrease) through transfers and other changes, other provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3420926_2_1"> Transfers related to liabilities held for sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesOtherProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3420927_1_1"> Increase (decrease) through transfers and other changes, property, plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3420927_2_1"> Transfers upon recognition of proved reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesPropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_14489302_3420689_1_1"> Increase (decrease) through transfers, intangible assets and goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_14489302_3420689_2_1"> Transfers </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3420278_1_1"> Increase (decrease) through transfers, intangible assets other than goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3420278_2_1"> Transfer from intangible asset to property plant and equipment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3421807_1_1"> Increase (decrease) through transfers, property, plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3421807_2_1"> Transfers </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncreasedProvedReservesExcludingProduction" xlink:label="pbr_IncreasedProvedReservesExcludingProduction"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncreasedProvedReservesExcludingProduction_lbl" xml:lang="en-US" id="id_14489302_3528818_3_1"> Increased proved reserves excluding production. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncreasedProvedReservesExcludingProduction_lbl" xml:lang="en-US" id="id_14489302_3528818_1_1"> Increased Proved Reserves Excluding Production </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncreasedProvedReservesExcludingProduction_lbl" xml:lang="en-US" id="id_14489302_3528818_2_1"> Increased proved reserves excluding production </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncreasedProvedReservesExcludingProduction" xlink:to="pbr_IncreasedProvedReservesExcludingProduction_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncreaseInBasisPointsMember" xlink:label="pbr_IncreaseInBasisPointsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncreaseInBasisPointsMember_lbl" xml:lang="en-US" id="id_14489302_3507631_3_1"> Increase in basis points. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncreaseInBasisPointsMember_lbl" xml:lang="en-US" id="id_14489302_3507631_1_1"> Increase In Basis Points [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncreaseInBasisPointsMember_lbl" xml:lang="en-US" id="id_14489302_3507631_2_1"> Increase In Basis Points [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncreaseInBasisPointsMember" xlink:to="pbr_IncreaseInBasisPointsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncreaseInInflationCharges" xlink:label="pbr_IncreaseInInflationCharges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncreaseInInflationCharges_lbl" xml:lang="en-US" id="id_14489302_3553153_3_1"> Increase in inflation charges </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncreaseInInflationCharges_lbl" xml:lang="en-US" id="id_14489302_3553153_1_1"> Increase in inflation charges </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncreaseInInflationCharges_lbl" xml:lang="en-US" id="id_14489302_3553153_2_1"> Inflation charges </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncreaseInInflationCharges" xlink:to="pbr_IncreaseInInflationCharges_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncreaseInProvedReservesDueToPurchaseOfMinerals" xlink:label="pbr_IncreaseInProvedReservesDueToPurchaseOfMinerals"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncreaseInProvedReservesDueToPurchaseOfMinerals_lbl" xml:lang="en-US" id="id_14489302_3528816_3_1"> Increase in proved reserves due to purchase of minerals. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncreaseInProvedReservesDueToPurchaseOfMinerals_lbl" xml:lang="en-US" id="id_14489302_3528816_1_1"> Increase In Proved Reserves Due To Purchase Of Minerals </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncreaseInProvedReservesDueToPurchaseOfMinerals_lbl" xml:lang="en-US" id="id_14489302_3528816_2_1"> Increase in proved reserves due to purchase of minerals in situ </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncreaseInProvedReservesDueToPurchaseOfMinerals" xlink:to="pbr_IncreaseInProvedReservesDueToPurchaseOfMinerals_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncreaseToProvisions" xlink:label="pbr_IncreaseToProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncreaseToProvisions_lbl" xml:lang="en-US" id="id_14489302_3457617_3_1"> Increase to provisions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncreaseToProvisions_lbl" xml:lang="en-US" id="id_14489302_3457617_1_1"> Increase to provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncreaseToProvisions_lbl" xml:lang="en-US" id="id_14489302_3457617_2_1"> Increase to provision </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncreaseToProvisions" xlink:to="pbr_IncreaseToProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IncrementalBorrowingRatesOnLeaseArrangements" xlink:label="pbr_IncrementalBorrowingRatesOnLeaseArrangements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IncrementalBorrowingRatesOnLeaseArrangements_lbl" xml:lang="en-US" id="id_14489302_3553136_3_1"> Incremental borrowing rates on lease arrangements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IncrementalBorrowingRatesOnLeaseArrangements_lbl" xml:lang="en-US" id="id_14489302_3553136_1_1"> Incremental Borrowing Rates On Lease Arrangements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IncrementalBorrowingRatesOnLeaseArrangements_lbl" xml:lang="en-US" id="id_14489302_3553136_2_1"> Incremental borrowing rates on lease arrangements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IncrementalBorrowingRatesOnLeaseArrangements" xlink:to="pbr_IncrementalBorrowingRatesOnLeaseArrangements_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IndexationCharges" xlink:label="pbr_IndexationCharges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3461274_3_1"> Indexation charges. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3461274_1_1"> Indexation charges </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3461274_2_1"> Indexation charges </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_IndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3461274_14_1"> Indexation charges </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IndexationCharges" xlink:to="pbr_IndexationCharges_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis_lbl" xml:lang="en-US" id="id_14489302_3420929_1_1"> Individual assets or cash-generating units [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis_lbl" xml:lang="en-US" id="id_14489302_3420929_2_1"> Individual assets or cash-generating units [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis" xlink:to="ifrs-full_IndividualAssetsOrCashgeneratingUnitsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IndividualsMember" xlink:label="pbr_IndividualsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IndividualsMember_lbl" xml:lang="en-US" id="id_14489302_3530578_3_1"> Individuals. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IndividualsMember_lbl" xml:lang="en-US" id="id_14489302_3530578_1_1"> Individuals [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IndividualsMember_lbl" xml:lang="en-US" id="id_14489302_3530578_2_1"> Individual Action [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IndividualsMember" xlink:to="pbr_IndividualsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InflationIndexation" xlink:label="pbr_InflationIndexation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InflationIndexation_lbl" xml:lang="en-US" id="id_14489302_3461236_3_1"> Inflation indexation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InflationIndexation_lbl" xml:lang="en-US" id="id_14489302_3461236_1_1"> Inflation indexation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InflationIndexation_lbl" xml:lang="en-US" id="id_14489302_3461236_2_1"> Inflation indexation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InflationIndexation" xlink:to="pbr_InflationIndexation_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InformationAboutAdoptionOfIFRS9Explanatory" xlink:label="pbr_InformationAboutAdoptionOfIFRS9Explanatory"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InformationAboutAdoptionOfIFRS9Explanatory_lbl" xml:lang="en-US" id="id_14489302_3540633_3_1"> Information about adoption of IFRS9. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InformationAboutAdoptionOfIFRS9Explanatory_lbl" xml:lang="en-US" id="id_14489302_3540633_1_1"> Information about adoption of IFRS9 [text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InformationAboutAdoptionOfIFRS9Explanatory_lbl" xml:lang="en-US" id="id_14489302_3540633_2_1"> Summary of Consolidated Impacts on Financial Assets and Liabilities Resulting from Adoption of IFRS 9 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InformationAboutAdoptionOfIFRS9Explanatory" xlink:to="pbr_InformationAboutAdoptionOfIFRS9Explanatory_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InitialApplicationOfIFRS9" xlink:label="pbr_InitialApplicationOfIFRS9"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InitialApplicationOfIFRS9_lbl" xml:lang="en-US" id="id_14489302_3447598_3_1"> Initial application of IFRS 9. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InitialApplicationOfIFRS9_lbl" xml:lang="en-US" id="id_14489302_3447598_1_1"> Initial application ofIFRS9 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InitialApplicationOfIFRS9_lbl" xml:lang="en-US" id="id_14489302_3447598_2_1"> Adoption of IFRS9 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InitialApplicationOfIFRS9" xlink:to="pbr_InitialApplicationOfIFRS9_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InitiallyAppliedIFRSsAxis" xlink:label="ifrs-full_InitiallyAppliedIFRSsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InitiallyAppliedIFRSsAxis_lbl" xml:lang="en-US" id="id_14489302_3421829_1_1"> Initially applied IFRSs [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InitiallyAppliedIFRSsAxis_lbl" xml:lang="en-US" id="id_14489302_3421829_2_1"> Initially applied IFRSs [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InitiallyAppliedIFRSsAxis" xlink:to="ifrs-full_InitiallyAppliedIFRSsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InitiallyAppliedIFRSsMember" xlink:label="ifrs-full_InitiallyAppliedIFRSsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InitiallyAppliedIFRSsMember_lbl" xml:lang="en-US" id="id_14489302_3420948_1_1"> Initially applied IFRSs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InitiallyAppliedIFRSsMember_lbl" xml:lang="en-US" id="id_14489302_3420948_2_1"> Initially applied IFRSs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InitiallyAppliedIFRSsMember" xlink:to="ifrs-full_InitiallyAppliedIFRSsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InquiryRelatedCreditReceivedByAuthorities" xlink:label="pbr_InquiryRelatedCreditReceivedByAuthorities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InquiryRelatedCreditReceivedByAuthorities_lbl" xml:lang="en-US" id="id_14489302_3540977_3_1"> Inquiry related credit received by authorities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InquiryRelatedCreditReceivedByAuthorities_lbl" xml:lang="en-US" id="id_14489302_3540977_1_1"> Inquiry related credit received by authorities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InquiryRelatedCreditReceivedByAuthorities_lbl" xml:lang="en-US" id="id_14489302_3540977_2_1"> Inquiry related credit received by authorities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InquiryRelatedCreditReceivedByAuthorities" xlink:to="pbr_InquiryRelatedCreditReceivedByAuthorities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InstitutionalRelationsAndCulturalProjects" xlink:label="pbr_InstitutionalRelationsAndCulturalProjects"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InstitutionalRelationsAndCulturalProjects_lbl" xml:lang="en-US" id="id_14489302_3450606_3_1"> Institutional relations and cultural projects. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InstitutionalRelationsAndCulturalProjects_lbl" xml:lang="en-US" id="id_14489302_3450606_1_1"> Institutional Relations And Cultural Projects </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_InstitutionalRelationsAndCulturalProjects_lbl" xml:lang="en-US" id="id_14489302_3450606_14_1"> Institutional relations and cultural projects </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InstitutionalRelationsAndCulturalProjects" xlink:to="pbr_InstitutionalRelationsAndCulturalProjects_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InstitutionalRelationsAndCulturalProjectsExpenses" xlink:label="pbr_InstitutionalRelationsAndCulturalProjectsExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InstitutionalRelationsAndCulturalProjectsExpenses_lbl" xml:lang="en-US" id="id_14489302_3456075_3_1"> Institutional relations and cultural projects expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InstitutionalRelationsAndCulturalProjectsExpenses_lbl" xml:lang="en-US" id="id_14489302_3456075_1_1"> Institutional Relations And Cultural Projects Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InstitutionalRelationsAndCulturalProjectsExpenses_lbl" xml:lang="en-US" id="id_14489302_3456075_2_1"> Institutional relations and cultural projects </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InstitutionalRelationsAndCulturalProjectsExpenses" xlink:to="pbr_InstitutionalRelationsAndCulturalProjectsExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InsuranceContractsMember" xlink:label="ifrs-full_InsuranceContractsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InsuranceContractsMember_lbl" xml:lang="en-US" id="id_14489302_3420707_1_1"> Types of insurance contracts [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InsuranceContractsMember_lbl" xml:lang="en-US" id="id_14489302_3420707_2_1"> Types of insurance contracts [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InsuranceContractsMember" xlink:to="ifrs-full_InsuranceContractsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InsuranceCoverageAmount" xlink:label="pbr_InsuranceCoverageAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InsuranceCoverageAmount_lbl" xml:lang="en-US" id="id_14489302_3450572_3_1"> Insurance coverage amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InsuranceCoverageAmount_lbl" xml:lang="en-US" id="id_14489302_3450572_1_1"> Insurance Coverage Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InsuranceCoverageAmount_lbl" xml:lang="en-US" id="id_14489302_3450572_2_1"> Amount insured </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InsuranceCoverageAmount" xlink:to="pbr_InsuranceCoverageAmount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InsuranceExpense" xlink:label="ifrs-full_InsuranceExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InsuranceExpense_lbl" xml:lang="en-US" id="id_14489302_3421182_1_1"> Insurance expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InsuranceExpense_lbl" xml:lang="en-US" id="id_14489302_3421182_2_1"> Amount of insurance policies </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InsuranceExpense" xlink:to="ifrs-full_InsuranceExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_14489302_3421839_1_1"> Intangible assets and goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_14489302_3421839_4_1"> Balance at December 31, 2017 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_14489302_3421839_5_1"> Beginning balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US" id="id_14489302_3421839_2_1"> Intangible assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IntangibleAssetsAndGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:label="ifrs-full_IntangibleAssetsAndGoodwillMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsAndGoodwillMember_lbl" xml:lang="en-US" id="id_14489302_3420961_1_1"> Intangible assets and goodwill [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwillMember_lbl" xml:lang="en-US" id="id_14489302_3420961_2_1"> Intangible assets and goodwill [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwillMember" xlink:to="ifrs-full_IntangibleAssetsAndGoodwillMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IntangibleAssetsMaturingYear" xlink:label="pbr_IntangibleAssetsMaturingYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IntangibleAssetsMaturingYear_lbl" xml:lang="en-US" id="id_14489302_3469492_3_1"> Intangible assets maturing year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IntangibleAssetsMaturingYear_lbl" xml:lang="en-US" id="id_14489302_3469492_1_1"> Intangible Assets Maturing Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IntangibleAssetsMaturingYear_lbl" xml:lang="en-US" id="id_14489302_3469492_2_1"> Intangible assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IntangibleAssetsMaturingYear" xlink:to="pbr_IntangibleAssetsMaturingYear_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3421841_1_1"> Intangible assets other than goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3421841_2_1"> Intangible assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwillMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwillMember_lbl" xml:lang="en-US" id="id_14489302_3421843_1_1"> Intangible assets other than goodwill [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwillMember_lbl" xml:lang="en-US" id="id_14489302_3421843_2_1"> Intangible assets other than goodwill [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsOtherThanGoodwillMember" xlink:to="ifrs-full_IntangibleAssetsOtherThanGoodwillMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IntangibleExplorationAndEvaluationAssets" xlink:label="ifrs-full_IntangibleExplorationAndEvaluationAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleExplorationAndEvaluationAssets_lbl" xml:lang="en-US" id="id_14489302_3421371_1_1"> Intangible exploration and evaluation assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleExplorationAndEvaluationAssets_lbl" xml:lang="en-US" id="id_14489302_3421371_2_1"> Exploration assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IntangibleExplorationAndEvaluationAssets_lbl" xml:lang="en-US" id="id_14489302_3421371_12_1"> Intangible Assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleExplorationAndEvaluationAssets" xlink:to="ifrs-full_IntangibleExplorationAndEvaluationAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InterbankDepositRateInvestmentFundsAndOtherShorttermDepositsMember" xlink:label="pbr_InterbankDepositRateInvestmentFundsAndOtherShorttermDepositsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InterbankDepositRateInvestmentFundsAndOtherShorttermDepositsMember_lbl" xml:lang="en-US" id="id_14489302_3510304_3_1"> Interbank deposit rate investment funds and other short-term deposits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InterbankDepositRateInvestmentFundsAndOtherShorttermDepositsMember_lbl" xml:lang="en-US" id="id_14489302_3510304_1_1"> Interbank deposit rate investment funds and other short-term deposits [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InterbankDepositRateInvestmentFundsAndOtherShorttermDepositsMember_lbl" xml:lang="en-US" id="id_14489302_3510304_2_1"> Interbank deposit rate investment funds and other short-term deposits [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InterbankDepositRateInvestmentFundsAndOtherShorttermDepositsMember" xlink:to="pbr_InterbankDepositRateInvestmentFundsAndOtherShorttermDepositsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InterestAccrued" xlink:label="pbr_InterestAccrued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InterestAccrued_lbl" xml:lang="en-US" id="id_14489302_3457228_3_1"> Interest accrued. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InterestAccrued_lbl" xml:lang="en-US" id="id_14489302_3457228_1_1"> Interest Accrued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InterestAccrued_lbl" xml:lang="en-US" id="id_14489302_3457228_2_1"> Interest accrued </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InterestAccrued" xlink:to="pbr_InterestAccrued_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3421196_1_1"> Interest expense (income), net defined benefit liability (asset) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3421196_2_1"> Interest expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3421196_12_1"> Interest on net liabilities (assets) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xlink:label="ifrs-full_InterestExpenseOnDebtInstrumentsIssued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnDebtInstrumentsIssued_lbl" xml:lang="en-US" id="id_14489302_3420969_1_1"> Interest expense on debt instruments issued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnDebtInstrumentsIssued_lbl" xml:lang="en-US" id="id_14489302_3420969_14_1"> Debt interest and charges </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnDebtInstrumentsIssued" xlink:to="ifrs-full_InterestExpenseOnDebtInstrumentsIssued_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InterestExpensetermOfFinancialCommitmentNetDefinedBenefitLiabilityAsset" xlink:label="pbr_InterestExpensetermOfFinancialCommitmentNetDefinedBenefitLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InterestExpensetermOfFinancialCommitmentNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3456481_3_1"> Interest expense term of financial commitment net defined benefit liability asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InterestExpensetermOfFinancialCommitmentNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3456481_1_1"> Interest ExpenseTerm Of Financial Commitment Net Defined Benefit Liability Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InterestExpensetermOfFinancialCommitmentNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3456481_2_1"> Term of financial commitment (TFC) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InterestExpensetermOfFinancialCommitmentNetDefinedBenefitLiabilityAsset" xlink:to="pbr_InterestExpensetermOfFinancialCommitmentNetDefinedBenefitLiabilityAsset_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InterestIncomeNetDefinedBenefitLiabilityAsset" xlink:label="pbr_InterestIncomeNetDefinedBenefitLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InterestIncomeNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3443633_3_1"> Interest income net defined benefit liability asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InterestIncomeNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3443633_1_1"> Interest Income Net Defined Benefit Liability Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InterestIncomeNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3443633_2_1"> Current interest cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_InterestIncomeNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3443633_14_1"> Interest income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InterestIncomeNetDefinedBenefitLiabilityAsset" xlink:to="pbr_InterestIncomeNetDefinedBenefitLiabilityAsset_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InterestIncomeOnPlanAssets" xlink:label="pbr_InterestIncomeOnPlanAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InterestIncomeOnPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3466864_3_1"> Interest income on plan assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InterestIncomeOnPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3466864_1_1"> Interest Income On Plan Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_InterestIncomeOnPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3466864_14_1"> Interest income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InterestIncomeOnPlanAssets" xlink:to="pbr_InterestIncomeOnPlanAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestPayable" xlink:label="ifrs-full_InterestPayable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestPayable_lbl" xml:lang="en-US" id="id_14489302_3420979_1_1"> Interest payable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestPayable_lbl" xml:lang="en-US" id="id_14489302_3420979_2_1"> Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestPayable" xlink:to="ifrs-full_InterestPayable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InterestPaymentsOnEmployersContribution" xlink:label="pbr_InterestPaymentsOnEmployersContribution"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InterestPaymentsOnEmployersContribution_lbl" xml:lang="en-US" id="id_14489302_3456166_3_1"> Interest payments on employers contribution. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InterestPaymentsOnEmployersContribution_lbl" xml:lang="en-US" id="id_14489302_3456166_1_1"> Interest payments on employers contribution </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InterestPaymentsOnEmployersContribution_lbl" xml:lang="en-US" id="id_14489302_3456166_2_1"> Interest payments on employers contribution </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InterestPaymentsOnEmployersContribution" xlink:to="pbr_InterestPaymentsOnEmployersContribution_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InterestRatePercentageOnOverdueTradeReceivables" xlink:label="pbr_InterestRatePercentageOnOverdueTradeReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InterestRatePercentageOnOverdueTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3524874_3_1"> Interest Rate Percentage On Overdue Trade Receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InterestRatePercentageOnOverdueTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3524874_1_1"> Interest Rate Percentage On Overdue Trade Receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InterestRatePercentageOnOverdueTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3524874_2_1"> Percentage of interest rate received </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InterestRatePercentageOnOverdueTradeReceivables" xlink:to="pbr_InterestRatePercentageOnOverdueTradeReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestRateRiskMember" xlink:label="ifrs-full_InterestRateRiskMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRateRiskMember_lbl" xml:lang="en-US" id="id_14489302_3421384_1_1"> Interest rate risk [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestRateRiskMember_lbl" xml:lang="en-US" id="id_14489302_3421384_2_1"> Interest rate risk [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateRiskMember" xlink:to="ifrs-full_InterestRateRiskMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InterestRateTypesMember" xlink:label="ifrs-full_InterestRateTypesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRateTypesMember_lbl" xml:lang="en-US" id="id_14489302_3421207_1_1"> Interest rate types [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestRateTypesMember_lbl" xml:lang="en-US" id="id_14489302_3421207_2_1"> Interest rate types [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateTypesMember" xlink:to="ifrs-full_InterestRateTypesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IntermediateProducts" xlink:label="pbr_IntermediateProducts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IntermediateProducts_lbl" xml:lang="en-US" id="id_14489302_3463202_3_1"> Intermediate products </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IntermediateProducts_lbl" xml:lang="en-US" id="id_14489302_3463202_1_1"> Intermediate products </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IntermediateProducts_lbl" xml:lang="en-US" id="id_14489302_3463202_2_1"> Intermediate products </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IntermediateProducts" xlink:to="pbr_IntermediateProducts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InternationalAccountingStandardsThirtyNineMember" xlink:label="pbr_InternationalAccountingStandardsThirtyNineMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InternationalAccountingStandardsThirtyNineMember_lbl" xml:lang="en-US" id="id_14489302_3493676_3_1"> International Accounting Standards Thirty Nine. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InternationalAccountingStandardsThirtyNineMember_lbl" xml:lang="en-US" id="id_14489302_3493676_1_1"> International Accounting Standards Thirty Nine [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InternationalAccountingStandardsThirtyNineMember_lbl" xml:lang="en-US" id="id_14489302_3493676_2_1"> International Accounting Standards Thirty Nine [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InternationalAccountingStandardsThirtyNineMember" xlink:to="pbr_InternationalAccountingStandardsThirtyNineMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_Intersegment" xlink:label="pbr_Intersegment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_Intersegment_lbl" xml:lang="en-US" id="id_14489302_3456137_3_1"> Intersegment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_Intersegment_lbl" xml:lang="en-US" id="id_14489302_3456137_1_1"> Intersegment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_Intersegment_lbl" xml:lang="en-US" id="id_14489302_3456137_14_1"> Intersegment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_Intersegment" xlink:to="pbr_Intersegment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IntersegmentMember" xlink:label="pbr_IntersegmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IntersegmentMember_lbl" xml:lang="en-US" id="id_14489302_3491214_3_1"> Intersegment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IntersegmentMember_lbl" xml:lang="en-US" id="id_14489302_3491214_1_1"> Intersegment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IntersegmentMember_lbl" xml:lang="en-US" id="id_14489302_3491214_2_1"> Intersegments [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IntersegmentMember" xlink:to="pbr_IntersegmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Inventories" xlink:label="ifrs-full_Inventories"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Inventories_lbl" xml:lang="en-US" id="id_14489302_3421859_1_1"> Current inventories </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Inventories_lbl" xml:lang="en-US" id="id_14489302_3421859_2_1"> Inventories </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Inventories" xlink:to="ifrs-full_Inventories_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_Inventories1Member" xlink:label="pbr_Inventories1Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_Inventories1Member_lbl" xml:lang="en-US" id="id_14489302_3476187_3_1"> Inventories. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_Inventories1Member_lbl" xml:lang="en-US" id="id_14489302_3476187_1_1"> Inventories 1 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_Inventories1Member_lbl" xml:lang="en-US" id="id_14489302_3476187_2_1"> Inventories [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_Inventories1Member" xlink:to="pbr_Inventories1Member_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InventoriesAtNetRealisableValue" xlink:label="ifrs-full_InventoriesAtNetRealisableValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InventoriesAtNetRealisableValue_lbl" xml:lang="en-US" id="id_14489302_3421210_1_1"> Inventories, at net realisable value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InventoriesAtNetRealisableValue_lbl" xml:lang="en-US" id="id_14489302_3421210_2_1"> Net realizable value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InventoriesAtNetRealisableValue" xlink:to="ifrs-full_InventoriesAtNetRealisableValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InventoriesPledgedAsSecurityForLiabilities" xlink:label="ifrs-full_InventoriesPledgedAsSecurityForLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InventoriesPledgedAsSecurityForLiabilities_lbl" xml:lang="en-US" id="id_14489302_3421212_1_1"> Inventories pledged as security for liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InventoriesPledgedAsSecurityForLiabilities_lbl" xml:lang="en-US" id="id_14489302_3421212_2_1"> Inventories pledged as security for Terms of Financial Commitment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InventoriesPledgedAsSecurityForLiabilities" xlink:to="ifrs-full_InventoriesPledgedAsSecurityForLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InventoriesTotal" xlink:label="ifrs-full_InventoriesTotal"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InventoriesTotal_lbl" xml:lang="en-US" id="id_14489302_3421860_1_1"> Inventories </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_InventoriesTotal_lbl" xml:lang="en-US" id="id_14489302_3421860_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InventoriesTotal" xlink:to="ifrs-full_InventoriesTotal_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InventoryWritedown2011" xlink:label="ifrs-full_InventoryWritedown2011"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InventoryWritedown2011_lbl" xml:lang="en-US" id="id_14489302_3421215_1_1"> Inventory write-down </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InventoryWritedown2011_lbl" xml:lang="en-US" id="id_14489302_3421215_2_1"> Inventory write-down to net realizable value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InventoryWritedown2011" xlink:to="ifrs-full_InventoryWritedown2011_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InvestmentAbstract" xlink:label="pbr_InvestmentAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InvestmentAbstract_lbl" xml:lang="en-US" id="id_14489302_3428892_3_1"> Investment [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InvestmentAbstract_lbl" xml:lang="en-US" id="id_14489302_3428892_1_1"> Investment [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InvestmentAbstract_lbl" xml:lang="en-US" id="id_14489302_3428892_2_1"> Investment [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InvestmentAbstract" xlink:to="pbr_InvestmentAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:label="ifrs-full_InvestmentAccountedForUsingEquityMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3421394_1_1"> Investments accounted for using equity method </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3421394_2_1"> Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:to="ifrs-full_InvestmentAccountedForUsingEquityMethod_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentAxis" xlink:label="invest_InvestmentAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_InvestmentAxis_lbl" xml:lang="en-US" id="id_14489302_3421216_1_1"> Investment [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="invest_InvestmentAxis_lbl" xml:lang="en-US" id="id_14489302_3421216_2_1"> Investment [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentAxis" xlink:to="invest_InvestmentAxis_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentDomain" xlink:label="invest_InvestmentDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_InvestmentDomain_lbl" xml:lang="en-US" id="id_14489302_3421401_1_1"> Investment [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="invest_InvestmentDomain_lbl" xml:lang="en-US" id="id_14489302_3421401_2_1"> Investment [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentDomain" xlink:to="invest_InvestmentDomain_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InvestmentInProject" xlink:label="pbr_InvestmentInProject"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InvestmentInProject_lbl" xml:lang="en-US" id="id_14489302_3437378_3_1"> Investment in project. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InvestmentInProject_lbl" xml:lang="en-US" id="id_14489302_3437378_1_1"> Investment in project </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InvestmentInProject_lbl" xml:lang="en-US" id="id_14489302_3437378_2_1"> Investments in projects </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InvestmentInProject" xlink:to="pbr_InvestmentInProject_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InvestmentsAccountedForUsingEquityMethodAbstract" xlink:label="ifrs-full_InvestmentsAccountedForUsingEquityMethodAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsAccountedForUsingEquityMethodAbstract_lbl" xml:lang="en-US" id="id_14489302_3421414_1_1"> Investments accounted for using equity method [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsAccountedForUsingEquityMethodAbstract_lbl" xml:lang="en-US" id="id_14489302_3421414_2_1"> Investments accounted for using equity method [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsAccountedForUsingEquityMethodAbstract" xlink:to="ifrs-full_InvestmentsAccountedForUsingEquityMethodAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentSectorAxis" xlink:label="invest_InvestmentSectorAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_InvestmentSectorAxis_lbl" xml:lang="en-US" id="id_14489302_3421242_1_1"> Investment Sector [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="invest_InvestmentSectorAxis_lbl" xml:lang="en-US" id="id_14489302_3421242_2_1"> Investment Sector [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentSectorAxis" xlink:to="invest_InvestmentSectorAxis_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd#invest_InvestmentSectorDomain" xlink:label="invest_InvestmentSectorDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_InvestmentSectorDomain_lbl" xml:lang="en-US" id="id_14489302_3421000_1_1"> Investment Sector [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="invest_InvestmentSectorDomain_lbl" xml:lang="en-US" id="id_14489302_3421000_2_1"> Investment Sector [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_InvestmentSectorDomain" xlink:to="invest_InvestmentSectorDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InvestmentsInAssociates" xlink:label="ifrs-full_InvestmentsInAssociates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xml:lang="en-US" id="id_14489302_3421416_1_1"> Investments in associates </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xml:lang="en-US" id="id_14489302_3421416_2_1"> Amount of investment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInAssociates" xlink:to="ifrs-full_InvestmentsInAssociates_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InvestmentsInAssociatesAndJointVentures" xlink:label="pbr_InvestmentsInAssociatesAndJointVentures"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InvestmentsInAssociatesAndJointVentures_lbl" xml:lang="en-US" id="id_14489302_3443616_3_1"> The amount of investments, joint ventures and associates in an entity's separate financial statements. Long term equity interest, significant influence. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InvestmentsInAssociatesAndJointVentures_lbl" xml:lang="en-US" id="id_14489302_3443616_1_1"> Investments In Associates And Joint Ventures </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="pbr_InvestmentsInAssociatesAndJointVentures_lbl" xml:lang="en-US" id="id_14489302_3443616_4_1"> Ending balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="pbr_InvestmentsInAssociatesAndJointVentures_lbl" xml:lang="en-US" id="id_14489302_3443616_5_1"> Beginning balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InvestmentsInAssociatesAndJointVentures_lbl" xml:lang="en-US" id="id_14489302_3443616_2_1"> Investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InvestmentsInAssociatesAndJointVentures" xlink:to="pbr_InvestmentsInAssociatesAndJointVentures_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InvestmentsInAssociatesMarketValue" xlink:label="pbr_InvestmentsInAssociatesMarketValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InvestmentsInAssociatesMarketValue_lbl" xml:lang="en-US" id="id_14489302_3450566_3_1"> Investments in associates market value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InvestmentsInAssociatesMarketValue_lbl" xml:lang="en-US" id="id_14489302_3450566_1_1"> Investments in associates Market Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InvestmentsInAssociatesMarketValue_lbl" xml:lang="en-US" id="id_14489302_3450566_2_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InvestmentsInAssociatesMarketValue" xlink:to="pbr_InvestmentsInAssociatesMarketValue_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InvestmentsInAssociatesNumberOfShares" xlink:label="pbr_InvestmentsInAssociatesNumberOfShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InvestmentsInAssociatesNumberOfShares_lbl" xml:lang="en-US" id="id_14489302_3469102_3_1"> Investments in associates number of shares. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InvestmentsInAssociatesNumberOfShares_lbl" xml:lang="en-US" id="id_14489302_3469102_1_1"> Investments in associates number of shares </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InvestmentsInAssociatesNumberOfShares_lbl" xml:lang="en-US" id="id_14489302_3469102_2_1"> Investments in associates number of shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InvestmentsInAssociatesNumberOfShares" xlink:to="pbr_InvestmentsInAssociatesNumberOfShares_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InvestmentsInAssociatesQuotedStockExchangePrice" xlink:label="pbr_InvestmentsInAssociatesQuotedStockExchangePrice"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InvestmentsInAssociatesQuotedStockExchangePrice_lbl" xml:lang="en-US" id="id_14489302_3522856_3_1"> Investments in associates quoted stock exchange price. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InvestmentsInAssociatesQuotedStockExchangePrice_lbl" xml:lang="en-US" id="id_14489302_3522856_1_1"> Investments in Associates Quoted Stock Exchange Price </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InvestmentsInAssociatesQuotedStockExchangePrice_lbl" xml:lang="en-US" id="id_14489302_3522856_2_1"> Quoted stock exchange </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InvestmentsInAssociatesQuotedStockExchangePrice" xlink:to="pbr_InvestmentsInAssociatesQuotedStockExchangePrice_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InvestmentsInIndirectSubsidiariesAndAssociatesAbstract" xlink:label="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesAbstract_lbl" xml:lang="en-US" id="id_14489302_3426929_3_1"> Investments in indirect subsidiaries and associates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesAbstract_lbl" xml:lang="en-US" id="id_14489302_3426929_1_1"> Investments in Indirect Subsidiaries and Associates [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesAbstract_lbl" xml:lang="en-US" id="id_14489302_3426929_2_1"> Investments in Indirect Subsidiaries and Associates [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesAbstract" xlink:to="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InvestmentsInIndirectSubsidiariesAndAssociatesLineItems" xlink:label="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesLineItems_lbl" xml:lang="en-US" id="id_14489302_3426930_3_1"> Investments in indirect subsidiaries and associates line items. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesLineItems_lbl" xml:lang="en-US" id="id_14489302_3426930_1_1"> Investments in Indirect Subsidiaries and Associates [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesLineItems_lbl" xml:lang="en-US" id="id_14489302_3426930_2_1"> Investments in Indirect Subsidiaries and Associates [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesLineItems" xlink:to="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_InvestmentsInIndirectSubsidiariesAndAssociatesTable" xlink:label="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesTable_lbl" xml:lang="en-US" id="id_14489302_3474845_3_1"> Investments in indirect subsidiaries and associates table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesTable_lbl" xml:lang="en-US" id="id_14489302_3474845_1_1"> Investments in Indirect Subsidiaries and Associates [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesTable_lbl" xml:lang="en-US" id="id_14489302_3474845_2_1"> Investments in Indirect Subsidiaries and Associates [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesTable" xlink:to="pbr_InvestmentsInIndirectSubsidiariesAndAssociatesTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_lbl" xml:lang="en-US" id="id_14489302_3421883_1_1"> Investments in subsidiaries, joint ventures and associates </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_lbl" xml:lang="en-US" id="id_14489302_3421883_2_1"> Investments in joint ventures and associates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates" xlink:to="ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:label="ifrs-full_InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3421248_1_1"> Investments other than investments accounted for using equity method </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3421248_2_1"> Other investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod" xlink:to="ifrs-full_InvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IssuanceCostMember" xlink:label="pbr_IssuanceCostMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IssuanceCostMember_lbl" xml:lang="en-US" id="id_14489302_3499538_3_1"> Issuance Cost [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IssuanceCostMember_lbl" xml:lang="en-US" id="id_14489302_3499538_1_1"> Issuance Cost [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IssuanceCostMember_lbl" xml:lang="en-US" id="id_14489302_3499538_2_1"> Issuance cost [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IssuanceCostMember" xlink:to="pbr_IssuanceCostMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IssuedCapital" xlink:label="ifrs-full_IssuedCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssuedCapital_lbl" xml:lang="en-US" id="id_14489302_3421012_1_1"> Issued capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssuedCapital_lbl" xml:lang="en-US" id="id_14489302_3421012_2_1"> Share capital (net of share issuance costs) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_IssuedCapitalGrossMember" xlink:label="pbr_IssuedCapitalGrossMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_IssuedCapitalGrossMember_lbl" xml:lang="en-US" id="id_14489302_3530253_3_1"> Issued capital gross. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_IssuedCapitalGrossMember_lbl" xml:lang="en-US" id="id_14489302_3530253_1_1"> Issued Capital Gross [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_IssuedCapitalGrossMember_lbl" xml:lang="en-US" id="id_14489302_3530253_2_1"> Issued capital gross [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_IssuedCapitalGrossMember" xlink:to="pbr_IssuedCapitalGrossMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_IssuedCapitalMember" xlink:label="ifrs-full_IssuedCapitalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssuedCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3421013_1_1"> Issued capital [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssuedCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3421013_2_1"> Issued capital [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapitalMember" xlink:to="ifrs-full_IssuedCapitalMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_JetFuelMember" xlink:label="pbr_JetFuelMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_JetFuelMember_lbl" xml:lang="en-US" id="id_14489302_3487189_3_1"> Jet fuel. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_JetFuelMember_lbl" xml:lang="en-US" id="id_14489302_3487189_1_1"> Jet Fuel [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_JetFuelMember_lbl" xml:lang="en-US" id="id_14489302_3487189_2_1"> Jet fuel [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_JetFuelMember" xlink:to="pbr_JetFuelMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_JointVentureAndAssociatesSubTotalMember" xlink:label="pbr_JointVentureAndAssociatesSubTotalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_JointVentureAndAssociatesSubTotalMember_lbl" xml:lang="en-US" id="id_14489302_3491965_3_1"> Joint venture and associates sub total. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_JointVentureAndAssociatesSubTotalMember_lbl" xml:lang="en-US" id="id_14489302_3491965_1_1"> Joint Venture and Associates Sub Total [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_JointVentureAndAssociatesSubTotalMember_lbl" xml:lang="en-US" id="id_14489302_3491965_2_1"> Joint Venture and Associates Sub Total [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_JointVentureAndAssociatesSubTotalMember" xlink:to="pbr_JointVentureAndAssociatesSubTotalMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_JointVenturesAxis" xlink:label="ifrs-full_JointVenturesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_JointVenturesAxis_lbl" xml:lang="en-US" id="id_14489302_3421428_1_1"> Joint ventures [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_JointVenturesAxis_lbl" xml:lang="en-US" id="id_14489302_3421428_2_1"> Joint ventures [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_JointVenturesAxis" xlink:to="ifrs-full_JointVenturesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_JointVenturesMember" xlink:label="ifrs-full_JointVenturesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_JointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3421904_1_1"> Joint ventures [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_JointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3421904_2_1"> Joint ventures [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_JointVenturesMember" xlink:to="ifrs-full_JointVenturesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_JudicialDeposits" xlink:label="pbr_JudicialDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_JudicialDeposits_lbl" xml:lang="en-US" id="id_14489302_3443769_3_1"> Judicial deposits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_JudicialDeposits_lbl" xml:lang="en-US" id="id_14489302_3443769_1_1"> Judicial Deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="pbr_JudicialDeposits_lbl" xml:lang="en-US" id="id_14489302_3443769_4_1"> Closing Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="pbr_JudicialDeposits_lbl" xml:lang="en-US" id="id_14489302_3443769_5_1"> Opening Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_JudicialDeposits_lbl" xml:lang="en-US" id="id_14489302_3443769_2_1"> Judicial deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_JudicialDeposits_lbl" xml:lang="en-US" id="id_14489302_3443769_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_JudicialDeposits" xlink:to="pbr_JudicialDeposits_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_JudicialDepositsAccrualsAndCharges" xlink:label="pbr_JudicialDepositsAccrualsAndCharges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_JudicialDepositsAccrualsAndCharges_lbl" xml:lang="en-US" id="id_14489302_3461207_3_1"> Judicial deposits accruals and charges. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_JudicialDepositsAccrualsAndCharges_lbl" xml:lang="en-US" id="id_14489302_3461207_1_1"> Judicial deposits accruals and charges </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_JudicialDepositsAccrualsAndCharges_lbl" xml:lang="en-US" id="id_14489302_3461207_2_1"> Accruals and charges </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_JudicialDepositsAccrualsAndCharges" xlink:to="pbr_JudicialDepositsAccrualsAndCharges_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_JudicialDepositsAdditions" xlink:label="pbr_JudicialDepositsAdditions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_JudicialDepositsAdditions_lbl" xml:lang="en-US" id="id_14489302_3461206_3_1"> Judicial deposits additions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_JudicialDepositsAdditions_lbl" xml:lang="en-US" id="id_14489302_3461206_1_1"> Judicial deposits additions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_JudicialDepositsAdditions_lbl" xml:lang="en-US" id="id_14489302_3461206_2_1"> Additions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_JudicialDepositsAdditions" xlink:to="pbr_JudicialDepositsAdditions_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_JudicialDepositsCumulativeTranslationAdjustment" xlink:label="pbr_JudicialDepositsCumulativeTranslationAdjustment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_JudicialDepositsCumulativeTranslationAdjustment_lbl" xml:lang="en-US" id="id_14489302_3461209_3_1"> Judicial deposits cumulative translation adjustment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_JudicialDepositsCumulativeTranslationAdjustment_lbl" xml:lang="en-US" id="id_14489302_3461209_1_1"> Judicial deposits cumulative translation adjustment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_JudicialDepositsCumulativeTranslationAdjustment_lbl" xml:lang="en-US" id="id_14489302_3461209_2_1"> Cumulative translation adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_JudicialDepositsCumulativeTranslationAdjustment" xlink:to="pbr_JudicialDepositsCumulativeTranslationAdjustment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_JudicialDepositsOthers" xlink:label="pbr_JudicialDepositsOthers"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_JudicialDepositsOthers_lbl" xml:lang="en-US" id="id_14489302_3461208_3_1"> Judicial deposits others. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_JudicialDepositsOthers_lbl" xml:lang="en-US" id="id_14489302_3461208_1_1"> Judicial deposits others </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_JudicialDepositsOthers_lbl" xml:lang="en-US" id="id_14489302_3461208_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_JudicialDepositsOthers" xlink:to="pbr_JudicialDepositsOthers_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_JudicialDepositsUseOfProvisions" xlink:label="pbr_JudicialDepositsUseOfProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_JudicialDepositsUseOfProvisions_lbl" xml:lang="en-US" id="id_14489302_3461319_3_1"> Judicial deposits use of provisions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_JudicialDepositsUseOfProvisions_lbl" xml:lang="en-US" id="id_14489302_3461319_1_1"> Judicial deposits use of provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_JudicialDepositsUseOfProvisions_lbl" xml:lang="en-US" id="id_14489302_3461319_2_1"> Use </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_JudicialDepositsUseOfProvisions" xlink:to="pbr_JudicialDepositsUseOfProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_JurnaMember" xlink:label="pbr_JurnaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_JurnaMember_lbl" xml:lang="en-US" id="id_14489302_3553129_3_1"> Jurna [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_JurnaMember_lbl" xml:lang="en-US" id="id_14489302_3553129_1_1"> Jurna [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_JurnaMember_lbl" xml:lang="en-US" id="id_14489302_3553129_2_1"> Jurna [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_JurnaMember" xlink:to="pbr_JurnaMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_KeyManagementPersonnelCompensation" xlink:label="ifrs-full_KeyManagementPersonnelCompensation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xml:lang="en-US" id="id_14489302_3421270_1_1"> Key management personnel compensation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xml:lang="en-US" id="id_14489302_3421270_2_1"> Compensation received </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xml:lang="en-US" id="id_14489302_3421270_12_1"> Total compensation paid </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensation" xlink:to="ifrs-full_KeyManagementPersonnelCompensation_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_KeyManagementPersonnelCompensationDistributionPercentage" xlink:label="pbr_KeyManagementPersonnelCompensationDistributionPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_KeyManagementPersonnelCompensationDistributionPercentage_lbl" xml:lang="en-US" id="id_14489302_3528061_3_1"> Key management personnel compensation distribution percentage. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_KeyManagementPersonnelCompensationDistributionPercentage_lbl" xml:lang="en-US" id="id_14489302_3528061_1_1"> Key management personnel compensation distribution percentage </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_KeyManagementPersonnelCompensationDistributionPercentage_lbl" xml:lang="en-US" id="id_14489302_3528061_2_1"> Compensation of Audit committee as percentage of average executive officers Compensation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_KeyManagementPersonnelCompensationDistributionPercentage" xlink:to="pbr_KeyManagementPersonnelCompensationDistributionPercentage_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:label="ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_lbl" xml:lang="en-US" id="id_14489302_3421272_1_1"> Key management personnel compensation, post-employment benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_lbl" xml:lang="en-US" id="id_14489302_3421272_2_1"> Post-employment benefits (pension plan) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationPostemploymentBenefits_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_KeyManagementPersonnelCompensationRecognizedInTheStatementOfIncome" xlink:label="pbr_KeyManagementPersonnelCompensationRecognizedInTheStatementOfIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_KeyManagementPersonnelCompensationRecognizedInTheStatementOfIncome_lbl" xml:lang="en-US" id="id_14489302_3456078_3_1"> Key management personnel compensation recognized in the statement of income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_KeyManagementPersonnelCompensationRecognizedInTheStatementOfIncome_lbl" xml:lang="en-US" id="id_14489302_3456078_1_1"> Key Management Personnel Compensation recognized in the statement of income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_KeyManagementPersonnelCompensationRecognizedInTheStatementOfIncome_lbl" xml:lang="en-US" id="id_14489302_3456078_2_1"> Compensation received </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_KeyManagementPersonnelCompensationRecognizedInTheStatementOfIncome_lbl" xml:lang="en-US" id="id_14489302_3456078_6_1"> Total compensation recognized in the statement of income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_KeyManagementPersonnelCompensationRecognizedInTheStatementOfIncome" xlink:to="pbr_KeyManagementPersonnelCompensationRecognizedInTheStatementOfIncome_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_KeyManagementPersonnelCompensationSocialSecurityAndOtherEmployeeRelatedTaxes" xlink:label="pbr_KeyManagementPersonnelCompensationSocialSecurityAndOtherEmployeeRelatedTaxes"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_KeyManagementPersonnelCompensationSocialSecurityAndOtherEmployeeRelatedTaxes_lbl" xml:lang="en-US" id="id_14489302_3456071_3_1"> Key management personnel compensation, social security and other employee related taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_KeyManagementPersonnelCompensationSocialSecurityAndOtherEmployeeRelatedTaxes_lbl" xml:lang="en-US" id="id_14489302_3456071_1_1"> Key management personnel compensation, social security and other employee related taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_KeyManagementPersonnelCompensationSocialSecurityAndOtherEmployeeRelatedTaxes_lbl" xml:lang="en-US" id="id_14489302_3456071_2_1"> Social security and other employee-related taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_KeyManagementPersonnelCompensationSocialSecurityAndOtherEmployeeRelatedTaxes" xlink:to="pbr_KeyManagementPersonnelCompensationSocialSecurityAndOtherEmployeeRelatedTaxes_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_KeyManagementPersonnelCompensationSocialSecurityAndRelatedCharge" xlink:label="pbr_KeyManagementPersonnelCompensationSocialSecurityAndRelatedCharge"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_KeyManagementPersonnelCompensationSocialSecurityAndRelatedCharge_lbl" xml:lang="en-US" id="id_14489302_3531394_3_1"> Key management personnel compensation social security and related charge. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_KeyManagementPersonnelCompensationSocialSecurityAndRelatedCharge_lbl" xml:lang="en-US" id="id_14489302_3531394_1_1"> Key management personnel compensation social security and related charge </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_KeyManagementPersonnelCompensationSocialSecurityAndRelatedCharge_lbl" xml:lang="en-US" id="id_14489302_3531394_2_1"> Social security and related charges </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_KeyManagementPersonnelCompensationSocialSecurityAndRelatedCharge" xlink:to="pbr_KeyManagementPersonnelCompensationSocialSecurityAndRelatedCharge_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:label="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_lbl" xml:lang="en-US" id="id_14489302_3421909_1_1"> Key management personnel compensation, termination benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_lbl" xml:lang="en-US" id="id_14489302_3421909_2_1"> Benefits due to termination of tenure </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_KeyManagementPersonnelCompensationVariableCompensation" xlink:label="pbr_KeyManagementPersonnelCompensationVariableCompensation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_KeyManagementPersonnelCompensationVariableCompensation_lbl" xml:lang="en-US" id="id_14489302_3553157_3_1"> Key management personnel compensation, variable compensation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_KeyManagementPersonnelCompensationVariableCompensation_lbl" xml:lang="en-US" id="id_14489302_3553157_1_1"> Key management personnel compensation, variable compensation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_KeyManagementPersonnelCompensationVariableCompensation_lbl" xml:lang="en-US" id="id_14489302_3553157_2_1"> Variable compensation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_KeyManagementPersonnelCompensationVariableCompensation" xlink:to="pbr_KeyManagementPersonnelCompensationVariableCompensation_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_KeyManagementPersonnelCompensationWagesAndShortTermBenefits" xlink:label="pbr_KeyManagementPersonnelCompensationWagesAndShortTermBenefits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_KeyManagementPersonnelCompensationWagesAndShortTermBenefits_lbl" xml:lang="en-US" id="id_14489302_3456072_3_1"> Key management personnel compensation, wages and short term benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_KeyManagementPersonnelCompensationWagesAndShortTermBenefits_lbl" xml:lang="en-US" id="id_14489302_3456072_1_1"> Key management personnel compensation, wages and short term benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_KeyManagementPersonnelCompensationWagesAndShortTermBenefits_lbl" xml:lang="en-US" id="id_14489302_3456072_2_1"> Wages and short-term benefits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_KeyManagementPersonnelCompensationWagesAndShortTermBenefits" xlink:to="pbr_KeyManagementPersonnelCompensationWagesAndShortTermBenefits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_KY" xlink:label="country_KY"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_KY_lbl" xml:lang="en-US" id="id_14489302_3421445_1_1"> CAYMAN ISLANDS </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_KY_lbl" xml:lang="en-US" id="id_14489302_3421445_2_1"> Cayman Islands [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_KY" xlink:to="country_KY_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaborRelatedContingentLiabilityMember" xlink:label="pbr_LaborRelatedContingentLiabilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaborRelatedContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3487795_3_1"> Labor. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaborRelatedContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3487795_1_1"> Labor Related Contingent Liability [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaborRelatedContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3487795_2_1"> Labor [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaborRelatedContingentLiabilityMember" xlink:to="pbr_LaborRelatedContingentLiabilityMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LandBuildingsAndImprovementMember" xlink:label="pbr_LandBuildingsAndImprovementMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LandBuildingsAndImprovementMember_lbl" xml:lang="en-US" id="id_14489302_3486991_3_1"> Land buildings and improvement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LandBuildingsAndImprovementMember_lbl" xml:lang="en-US" id="id_14489302_3486991_1_1"> Land Buildings And Improvement [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LandBuildingsAndImprovementMember_lbl" xml:lang="en-US" id="id_14489302_3486991_2_1"> Land buildings and improvement [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LandBuildingsAndImprovementMember" xlink:to="pbr_LandBuildingsAndImprovementMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LandMember" xlink:label="ifrs-full_LandMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LandMember_lbl" xml:lang="en-US" id="id_14489302_3421914_1_1"> Land [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LandMember_lbl" xml:lang="en-US" id="id_14489302_3421914_2_1"> Land [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LandMember" xlink:to="ifrs-full_LandMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LapaBVMember" xlink:label="pbr_LapaBVMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LapaBVMember_lbl" xml:lang="en-US" id="id_14489302_3553081_3_1"> Lapa BV. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LapaBVMember_lbl" xml:lang="en-US" id="id_14489302_3553081_1_1"> Lapa BV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LapaBVMember_lbl" xml:lang="en-US" id="id_14489302_3553081_2_1"> Lapa BV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LapaBVMember" xlink:to="pbr_LapaBVMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LapaFieldMember" xlink:label="pbr_LapaFieldMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LapaFieldMember_lbl" xml:lang="en-US" id="id_14489302_3553322_3_1"> Lapa field. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LapaFieldMember_lbl" xml:lang="en-US" id="id_14489302_3553322_1_1"> Lapa field [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LapaFieldMember_lbl" xml:lang="en-US" id="id_14489302_3553322_2_1"> Lapa field [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LapaFieldMember" xlink:to="pbr_LapaFieldMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LapaFieldsMember" xlink:label="pbr_LapaFieldsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LapaFieldsMember_lbl" xml:lang="en-US" id="id_14489302_3487719_3_1"> Lapa fields. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LapaFieldsMember_lbl" xml:lang="en-US" id="id_14489302_3487719_1_1"> Lapa Fields [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LapaFieldsMember_lbl" xml:lang="en-US" id="id_14489302_3487719_2_1"> Lapa fields [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LapaFieldsMember" xlink:to="pbr_LapaFieldsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LapaMember" xlink:label="pbr_LapaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LapaMember_lbl" xml:lang="en-US" id="id_14489302_3487742_3_1"> Lapa. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LapaMember_lbl" xml:lang="en-US" id="id_14489302_3487742_1_1"> Lapa [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LapaMember_lbl" xml:lang="en-US" id="id_14489302_3487742_2_1"> Lapa [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LapaMember" xlink:to="pbr_LapaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanEightYearAndNotLaterThanNineMember" xlink:label="pbr_LaterThanEightYearAndNotLaterThanNineMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanEightYearAndNotLaterThanNineMember_lbl" xml:lang="en-US" id="id_14489302_3486755_3_1"> Two thousand and twenty four. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanEightYearAndNotLaterThanNineMember_lbl" xml:lang="en-US" id="id_14489302_3486755_1_1"> Later Than Eight Year And Not Later Than Nine [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanEightYearAndNotLaterThanNineMember_lbl" xml:lang="en-US" id="id_14489302_3486755_2_1"> 2024 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanEightYearAndNotLaterThanNineMember" xlink:to="pbr_LaterThanEightYearAndNotLaterThanNineMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanEightYearsMember" xlink:label="pbr_LaterThanEightYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanEightYearsMember_lbl" xml:lang="en-US" id="id_14489302_3487102_3_1"> Later than eight years. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanEightYearsMember_lbl" xml:lang="en-US" id="id_14489302_3487102_1_1"> Later Than Eight Years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanEightYearsMember_lbl" xml:lang="en-US" id="id_14489302_3487102_2_1"> Later Than Eight Years [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanEightYearsMember" xlink:to="pbr_LaterThanEightYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanElevenYearAndNotLaterThanTwelveMember" xlink:label="pbr_LaterThanElevenYearAndNotLaterThanTwelveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanElevenYearAndNotLaterThanTwelveMember_lbl" xml:lang="en-US" id="id_14489302_3486758_3_1"> Two thousand and twenty seven. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanElevenYearAndNotLaterThanTwelveMember_lbl" xml:lang="en-US" id="id_14489302_3486758_1_1"> Later Than Eleven Year And Not Later Than Twelve [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanElevenYearAndNotLaterThanTwelveMember_lbl" xml:lang="en-US" id="id_14489302_3486758_2_1"> 2027 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanElevenYearAndNotLaterThanTwelveMember" xlink:to="pbr_LaterThanElevenYearAndNotLaterThanTwelveMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanFifteenYearsAndNotLaterThanTwentyYearsMember" xlink:label="ifrs-full_LaterThanFifteenYearsAndNotLaterThanTwentyYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanFifteenYearsAndNotLaterThanTwentyYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421028_1_1"> Later than fifteen years and not later than twenty years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanFifteenYearsAndNotLaterThanTwentyYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421028_2_1"> 16-20 years [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanFifteenYearsAndNotLaterThanTwentyYearsMember" xlink:to="ifrs-full_LaterThanFifteenYearsAndNotLaterThanTwentyYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanFiveYearAndNotLaterThanTenYearsMember" xlink:label="pbr_LaterThanFiveYearAndNotLaterThanTenYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanFiveYearAndNotLaterThanTenYearsMember_lbl" xml:lang="en-US" id="id_14489302_3529555_3_1"> Later than five year and not later than ten years. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanFiveYearAndNotLaterThanTenYearsMember_lbl" xml:lang="en-US" id="id_14489302_3529555_1_1"> Later Than Five Year And Not Later Than Ten Years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanFiveYearAndNotLaterThanTenYearsMember_lbl" xml:lang="en-US" id="id_14489302_3529555_2_1"> 6-10 years [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanFiveYearAndNotLaterThanTenYearsMember" xlink:to="pbr_LaterThanFiveYearAndNotLaterThanTenYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanFiveYearsAndNotLaterThanSixYearsMember" xlink:label="pbr_LaterThanFiveYearsAndNotLaterThanSixYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanFiveYearsAndNotLaterThanSixYearsMember_lbl" xml:lang="en-US" id="id_14489302_3502495_3_1"> This member stands for a time band of later than five years and not later than six years. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanFiveYearsAndNotLaterThanSixYearsMember_lbl" xml:lang="en-US" id="id_14489302_3502495_1_1"> Later than five years and not later than six years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanFiveYearsAndNotLaterThanSixYearsMember_lbl" xml:lang="en-US" id="id_14489302_3502495_2_1"> 2022 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanFiveYearsAndNotLaterThanSixYearsMember" xlink:to="pbr_LaterThanFiveYearsAndNotLaterThanSixYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanFiveYearsAndThereafterMember" xlink:label="pbr_LaterThanFiveYearsAndThereafterMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanFiveYearsAndThereafterMember_lbl" xml:lang="en-US" id="id_14489302_3480179_3_1"> Later than five years and thereafter. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanFiveYearsAndThereafterMember_lbl" xml:lang="en-US" id="id_14489302_3480179_1_1"> Later Than Five Years And Thereafter [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanFiveYearsAndThereafterMember_lbl" xml:lang="en-US" id="id_14489302_3480179_2_1"> Later Than Five Years and Thereafter [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanFiveYearsAndThereafterMember" xlink:to="pbr_LaterThanFiveYearsAndThereafterMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanFiveYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanFiveYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421915_1_1"> Later than five years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanFiveYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421915_2_1"> Later than five years [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanFiveYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanFourteenYearAndThereafterMember" xlink:label="pbr_LaterThanFourteenYearAndThereafterMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanFourteenYearAndThereafterMember_lbl" xml:lang="en-US" id="id_14489302_3486761_3_1"> Two thousand and thirty and thereafter. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanFourteenYearAndThereafterMember_lbl" xml:lang="en-US" id="id_14489302_3486761_1_1"> Later Than Fourteen Year And Thereafter [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanFourteenYearAndThereafterMember_lbl" xml:lang="en-US" id="id_14489302_3486761_2_1"> 2030 and thereafter [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanFourteenYearAndThereafterMember" xlink:to="pbr_LaterThanFourteenYearAndThereafterMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421917_1_1"> Later than four years and not later than five years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421917_2_1"> Later than four years and not later than five years [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanNineYearAndNotLaterThanTenMember" xlink:label="pbr_LaterThanNineYearAndNotLaterThanTenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanNineYearAndNotLaterThanTenMember_lbl" xml:lang="en-US" id="id_14489302_3486756_3_1"> Two thousand and twenty five. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanNineYearAndNotLaterThanTenMember_lbl" xml:lang="en-US" id="id_14489302_3486756_1_1"> Later Than Nine Year And Not Later Than Ten [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanNineYearAndNotLaterThanTenMember_lbl" xml:lang="en-US" id="id_14489302_3486756_2_1"> 2025 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanNineYearAndNotLaterThanTenMember" xlink:to="pbr_LaterThanNineYearAndNotLaterThanTenMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421286_1_1"> Later than one year and not later than five years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421286_2_1"> Later Than One Year and Not Later Than Five Years [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421288_1_1"> Later than one year and not later than two years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421288_2_1"> Later than one year and not later than two years [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanOneYearMember" xlink:label="ifrs-full_LaterThanOneYearMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearMember_lbl" xml:lang="en-US" id="id_14489302_3421450_1_1"> Later than one year [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearMember_lbl" xml:lang="en-US" id="id_14489302_3421450_2_1"> Later Than One Year [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearMember" xlink:to="ifrs-full_LaterThanOneYearMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanSevenYearAndNotLaterThanEightMember" xlink:label="pbr_LaterThanSevenYearAndNotLaterThanEightMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanSevenYearAndNotLaterThanEightMember_lbl" xml:lang="en-US" id="id_14489302_3486754_3_1"> Two thousand and twenty three. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanSevenYearAndNotLaterThanEightMember_lbl" xml:lang="en-US" id="id_14489302_3486754_1_1"> Later Than Seven Year And Not Later Than Eight [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanSevenYearAndNotLaterThanEightMember_lbl" xml:lang="en-US" id="id_14489302_3486754_2_1"> 2023 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanSevenYearAndNotLaterThanEightMember" xlink:to="pbr_LaterThanSevenYearAndNotLaterThanEightMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanSevenYearAndThereafterMember" xlink:label="pbr_LaterThanSevenYearAndThereafterMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanSevenYearAndThereafterMember_lbl" xml:lang="en-US" id="id_14489302_3530376_3_1"> 2023 and thereafter. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanSevenYearAndThereafterMember_lbl" xml:lang="en-US" id="id_14489302_3530376_1_1"> Later Than Seven Year And Thereafter [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanSevenYearAndThereafterMember_lbl" xml:lang="en-US" id="id_14489302_3530376_2_1"> 2023 and thereafter [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanSevenYearAndThereafterMember" xlink:to="pbr_LaterThanSevenYearAndThereafterMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanSevenYearsAndNotLaterThanEightYearsMember" xlink:label="pbr_LaterThanSevenYearsAndNotLaterThanEightYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanSevenYearsAndNotLaterThanEightYearsMember_lbl" xml:lang="en-US" id="id_14489302_3487166_3_1"> Later than seven years and not later than eight years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanSevenYearsAndNotLaterThanEightYearsMember_lbl" xml:lang="en-US" id="id_14489302_3487166_1_1"> Later than seven years and not later than eight years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanSevenYearsAndNotLaterThanEightYearsMember_lbl" xml:lang="en-US" id="id_14489302_3487166_2_1"> Later than seven years and not later than eight years [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanSevenYearsAndNotLaterThanEightYearsMember" xlink:to="pbr_LaterThanSevenYearsAndNotLaterThanEightYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember" xlink:label="ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember_lbl" xml:lang="en-US" id="id_14489302_3421451_1_1"> Later than six months and not later than one year [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember_lbl" xml:lang="en-US" id="id_14489302_3421451_2_1"> Later than six months and not later than one year [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember" xlink:to="ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanSixYearAndNotLaterThanSevenMember" xlink:label="pbr_LaterThanSixYearAndNotLaterThanSevenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanSixYearAndNotLaterThanSevenMember_lbl" xml:lang="en-US" id="id_14489302_3486686_3_1"> Two thousand and twenty two. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanSixYearAndNotLaterThanSevenMember_lbl" xml:lang="en-US" id="id_14489302_3486686_1_1"> Later Than Six Year And Not Later Than Seven [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanSixYearAndNotLaterThanSevenMember_lbl" xml:lang="en-US" id="id_14489302_3486686_2_1"> 2022 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanSixYearAndNotLaterThanSevenMember" xlink:to="pbr_LaterThanSixYearAndNotLaterThanSevenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanSixYearsAndNotLaterThanSevenYearsMember" xlink:label="pbr_LaterThanSixYearsAndNotLaterThanSevenYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanSixYearsAndNotLaterThanSevenYearsMember_lbl" xml:lang="en-US" id="id_14489302_3487165_3_1"> Later than six years and not later than seven years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanSixYearsAndNotLaterThanSevenYearsMember_lbl" xml:lang="en-US" id="id_14489302_3487165_1_1"> Later than six years and not later than seven years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanSixYearsAndNotLaterThanSevenYearsMember_lbl" xml:lang="en-US" id="id_14489302_3487165_2_1"> Later than six years and not later than seven years [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanSixYearsAndNotLaterThanSevenYearsMember" xlink:to="pbr_LaterThanSixYearsAndNotLaterThanSevenYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanTenYearAndNotLaterThanElevenMember" xlink:label="pbr_LaterThanTenYearAndNotLaterThanElevenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanTenYearAndNotLaterThanElevenMember_lbl" xml:lang="en-US" id="id_14489302_3486757_3_1"> Two thousand and twenty six. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanTenYearAndNotLaterThanElevenMember_lbl" xml:lang="en-US" id="id_14489302_3486757_1_1"> Later Than Ten Year And Not Later Than Eleven [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanTenYearAndNotLaterThanElevenMember_lbl" xml:lang="en-US" id="id_14489302_3486757_2_1"> 2026 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanTenYearAndNotLaterThanElevenMember" xlink:to="pbr_LaterThanTenYearAndNotLaterThanElevenMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanTenYearsAndNotLaterThanFifteenYearsMember" xlink:label="ifrs-full_LaterThanTenYearsAndNotLaterThanFifteenYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanTenYearsAndNotLaterThanFifteenYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421452_1_1"> Later than ten years and not later than fifteen years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanTenYearsAndNotLaterThanFifteenYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421452_2_1"> 11-15 years [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanTenYearsAndNotLaterThanFifteenYearsMember" xlink:to="ifrs-full_LaterThanTenYearsAndNotLaterThanFifteenYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanThirteenYearAndNotLaterThanFourteenMember" xlink:label="pbr_LaterThanThirteenYearAndNotLaterThanFourteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanThirteenYearAndNotLaterThanFourteenMember_lbl" xml:lang="en-US" id="id_14489302_3486760_3_1"> Two thousand and twenty nine. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanThirteenYearAndNotLaterThanFourteenMember_lbl" xml:lang="en-US" id="id_14489302_3486760_1_1"> Later Than Thirteen Year And Not Later Than Fourteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanThirteenYearAndNotLaterThanFourteenMember_lbl" xml:lang="en-US" id="id_14489302_3486760_2_1"> 2029 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanThirteenYearAndNotLaterThanFourteenMember" xlink:to="pbr_LaterThanThirteenYearAndNotLaterThanFourteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanThirtyYearsMember" xlink:label="pbr_LaterThanThirtyYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanThirtyYearsMember_lbl" xml:lang="en-US" id="id_14489302_3487668_3_1"> Later than thirty years. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanThirtyYearsMember_lbl" xml:lang="en-US" id="id_14489302_3487668_1_1"> Later Than Thirty Years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanThirtyYearsMember_lbl" xml:lang="en-US" id="id_14489302_3487668_2_1"> 30 years or more [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanThirtyYearsMember" xlink:to="pbr_LaterThanThirtyYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:label="ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_lbl" xml:lang="en-US" id="id_14489302_3421032_1_1"> Later than three months and not later than six months [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_lbl" xml:lang="en-US" id="id_14489302_3421032_2_1"> Later than three months and not later than six months [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember" xlink:to="ifrs-full_LaterThanThreeMonthsAndNotLaterThanSixMonthsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421292_1_1"> Later than three years and not later than four years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421292_2_1"> Later than three years and not later than four years [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanTweleYearAndNotLaterThanThirteenMember" xlink:label="pbr_LaterThanTweleYearAndNotLaterThanThirteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanTweleYearAndNotLaterThanThirteenMember_lbl" xml:lang="en-US" id="id_14489302_3486759_3_1"> Two thousand and twenty eight. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanTweleYearAndNotLaterThanThirteenMember_lbl" xml:lang="en-US" id="id_14489302_3486759_1_1"> Later Than Twele Year And Not Later Than Thirteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanTweleYearAndNotLaterThanThirteenMember_lbl" xml:lang="en-US" id="id_14489302_3486759_2_1"> 2028 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanTweleYearAndNotLaterThanThirteenMember" xlink:to="pbr_LaterThanTweleYearAndNotLaterThanThirteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LaterThanTwentyFiveYearsAndNotLaterThanThirtyYearMember" xlink:label="pbr_LaterThanTwentyFiveYearsAndNotLaterThanThirtyYearMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LaterThanTwentyFiveYearsAndNotLaterThanThirtyYearMember_lbl" xml:lang="en-US" id="id_14489302_3487667_3_1"> Later than twenty five years and not later than thirty years. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LaterThanTwentyFiveYearsAndNotLaterThanThirtyYearMember_lbl" xml:lang="en-US" id="id_14489302_3487667_1_1"> Later Than Twenty Five Years And Not Later Than Thirty Year [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LaterThanTwentyFiveYearsAndNotLaterThanThirtyYearMember_lbl" xml:lang="en-US" id="id_14489302_3487667_2_1"> 25-30 years [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LaterThanTwentyFiveYearsAndNotLaterThanThirtyYearMember" xlink:to="pbr_LaterThanTwentyFiveYearsAndNotLaterThanThirtyYearMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanTwentyYearsAndNotLaterThanTwentyfiveYearsMember" xlink:label="ifrs-full_LaterThanTwentyYearsAndNotLaterThanTwentyfiveYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanTwentyYearsAndNotLaterThanTwentyfiveYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421293_1_1"> Later than twenty years and not later than twenty-five years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanTwentyYearsAndNotLaterThanTwentyfiveYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421293_2_1"> 21-25 years [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanTwentyYearsAndNotLaterThanTwentyfiveYearsMember" xlink:to="ifrs-full_LaterThanTwentyYearsAndNotLaterThanTwentyfiveYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421294_1_1"> Later than two years and not later than three years [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US" id="id_14489302_3421294_2_1"> Later than two years and not later than three years [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LeasesExpirationPeriod" xlink:label="pbr_LeasesExpirationPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LeasesExpirationPeriod_lbl" xml:lang="en-US" id="id_14489302_3472053_3_1"> Leases expiration period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LeasesExpirationPeriod_lbl" xml:lang="en-US" id="id_14489302_3472053_1_1"> Leases Expiration Period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LeasesExpirationPeriod_lbl" xml:lang="en-US" id="id_14489302_3472053_2_1"> Lease expiration period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LeasesExpirationPeriod" xlink:to="pbr_LeasesExpirationPeriod_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US" id="id_14489302_3421297_1_1"> Legal Entity [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US" id="id_14489302_3421297_2_1"> Legal Entity [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LegalProceedingsProvision" xlink:label="ifrs-full_LegalProceedingsProvision"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3421042_1_1"> Legal proceedings provision </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_LegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3421042_4_1"> Closing Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_LegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3421042_5_1"> Opening Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3421042_2_1"> Total claims </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LegalProceedingsProvision" xlink:to="ifrs-full_LegalProceedingsProvision_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LegalProceedingsProvisionAbstract" xlink:label="ifrs-full_LegalProceedingsProvisionAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LegalProceedingsProvisionAbstract_lbl" xml:lang="en-US" id="id_14489302_3421458_1_1"> Legal proceedings provision [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LegalProceedingsProvisionAbstract_lbl" xml:lang="en-US" id="id_14489302_3421458_2_1"> Legal proceedings provision [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LegalProceedingsProvisionAbstract" xlink:to="ifrs-full_LegalProceedingsProvisionAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LegalProceedingsProvisionMember" xlink:label="ifrs-full_LegalProceedingsProvisionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LegalProceedingsProvisionMember_lbl" xml:lang="en-US" id="id_14489302_3421933_1_1"> Legal proceedings provision [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LegalProceedingsProvisionMember_lbl" xml:lang="en-US" id="id_14489302_3421933_2_1"> Provision for legal proceedings [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LegalProceedingsProvisionMember" xlink:to="ifrs-full_LegalProceedingsProvisionMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LegalProceedingTaxSettlementAmount" xlink:label="pbr_LegalProceedingTaxSettlementAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LegalProceedingTaxSettlementAmount_lbl" xml:lang="en-US" id="id_14489302_3461251_3_1"> Legal proceeding, tax settlement amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LegalProceedingTaxSettlementAmount_lbl" xml:lang="en-US" id="id_14489302_3461251_1_1"> Legal proceeding, tax settlement amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LegalProceedingTaxSettlementAmount_lbl" xml:lang="en-US" id="id_14489302_3461251_2_1"> Legal proceedings tax settlement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LegalProceedingTaxSettlementAmount" xlink:to="pbr_LegalProceedingTaxSettlementAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LegalReserveMember" xlink:label="pbr_LegalReserveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LegalReserveMember_lbl" xml:lang="en-US" id="id_14489302_3533745_3_1"> Legal reserve [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LegalReserveMember_lbl" xml:lang="en-US" id="id_14489302_3533745_1_1"> Legal reserve [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LegalReserveMember_lbl" xml:lang="en-US" id="id_14489302_3533745_2_1"> Legal reserve [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LegalReserveMember" xlink:to="pbr_LegalReserveMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_14489302_3421459_1_1"> Level 1 of fair value hierarchy [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_14489302_3421459_2_1"> Level 1 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="ifrs-full_Level1OfFairValueHierarchyMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_14489302_3421934_1_1"> Level 2 of fair value hierarchy [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember_lbl" xml:lang="en-US" id="id_14489302_3421934_2_1"> Level 2 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="ifrs-full_Level2OfFairValueHierarchyMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl" xml:lang="en-US" id="id_14489302_3421935_1_1"> Levels of fair value hierarchy [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl" xml:lang="en-US" id="id_14489302_3421935_2_1"> Levels of fair value hierarchy [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Liabilities" xlink:label="ifrs-full_Liabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US" id="id_14489302_3421936_1_1"> Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US" id="id_14489302_3421936_2_1"> Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US" id="id_14489302_3421936_6_1"> Total current liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US" id="id_14489302_3421936_14_1"> Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Liabilities" xlink:to="ifrs-full_Liabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="ifrs-full_LiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3421303_1_1"> Liabilities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3421303_2_1"> Liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesAbstract" xlink:to="ifrs-full_LiabilitiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:label="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3421938_1_1"> Liabilities included in disposal groups classified as held for sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3421938_2_1"> Liabilities related to assets classified as held for sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3421938_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOthers" xlink:label="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOthers"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOthers_lbl" xml:lang="en-US" id="id_14489302_3456152_3_1"> Liabilities included in disposal groups classified as held for sale others </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOthers_lbl" xml:lang="en-US" id="id_14489302_3456152_1_1"> Liabilities included in disposal groups classified as held for sale others </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOthers_lbl" xml:lang="en-US" id="id_14489302_3456152_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOthers" xlink:to="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleOthers_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleProvisionForDecommissioningCosts" xlink:label="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleProvisionForDecommissioningCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleProvisionForDecommissioningCosts_lbl" xml:lang="en-US" id="id_14489302_3456149_3_1"> Liabilities included in disposal groups classified as held for sale provision for decommissioning costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleProvisionForDecommissioningCosts_lbl" xml:lang="en-US" id="id_14489302_3456149_1_1"> Liabilities included in disposal groups classified as held for sale provision for decommissioning costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleProvisionForDecommissioningCosts_lbl" xml:lang="en-US" id="id_14489302_3456149_2_1"> Provision for decommissioning costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleProvisionForDecommissioningCosts" xlink:to="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleProvisionForDecommissioningCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleTradePayables" xlink:label="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleTradePayables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleTradePayables_lbl" xml:lang="en-US" id="id_14489302_3456146_3_1"> Liabilities included in disposal groups classified as held for sale trade payables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleTradePayables_lbl" xml:lang="en-US" id="id_14489302_3456146_1_1"> Liabilities included in disposal groups classified as held for sale trade payables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleTradePayables_lbl" xml:lang="en-US" id="id_14489302_3456146_2_1"> Trade Payables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleTradePayables" xlink:to="pbr_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSaleTradePayables_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LiabilitiesMember" xlink:label="ifrs-full_LiabilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3421050_1_1"> Liabilities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3421050_2_1"> Liabilities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesMember" xlink:to="ifrs-full_LiabilitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3421467_1_1"> Net defined benefit liability (asset) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3421467_4_1"> Liability asset, Ending balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3421467_5_1"> Obligations at the beginning of the year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3421467_2_1"> Pension and medical benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3421467_12_1"> Present value of obligations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:to="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LibraMember" xlink:label="pbr_LibraMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LibraMember_lbl" xml:lang="en-US" id="id_14489302_3510326_3_1"> Libra. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LibraMember_lbl" xml:lang="en-US" id="id_14489302_3510326_1_1"> Libra [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LibraMember_lbl" xml:lang="en-US" id="id_14489302_3510326_2_1"> Libra [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LibraMember" xlink:to="pbr_LibraMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LineOfCreditFacilityAmount" xlink:label="pbr_LineOfCreditFacilityAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LineOfCreditFacilityAmount_lbl" xml:lang="en-US" id="id_14489302_3464616_3_1"> Line of credit facility amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LineOfCreditFacilityAmount_lbl" xml:lang="en-US" id="id_14489302_3464616_1_1"> Line of credit facility amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LineOfCreditFacilityAmount_lbl" xml:lang="en-US" id="id_14489302_3464616_2_1"> Amount Available (Lines of Credit) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LineOfCreditFacilityAmount" xlink:to="pbr_LineOfCreditFacilityAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LineOfCreditFacilityAmountWithdrawn" xlink:label="pbr_LineOfCreditFacilityAmountWithdrawn"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LineOfCreditFacilityAmountWithdrawn_lbl" xml:lang="en-US" id="id_14489302_3456161_3_1"> Line of credit facility amount withdrawn </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LineOfCreditFacilityAmountWithdrawn_lbl" xml:lang="en-US" id="id_14489302_3456161_1_1"> Line of credit facility amount withdrawn </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LineOfCreditFacilityAmountWithdrawn_lbl" xml:lang="en-US" id="id_14489302_3456161_2_1"> Used </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LineOfCreditFacilityAmountWithdrawn" xlink:to="pbr_LineOfCreditFacilityAmountWithdrawn_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LineOfCreditFacilityIssuanceDate" xlink:label="pbr_LineOfCreditFacilityIssuanceDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LineOfCreditFacilityIssuanceDate_lbl" xml:lang="en-US" id="id_14489302_3471152_3_1"> Line of credit facility issuance date </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LineOfCreditFacilityIssuanceDate_lbl" xml:lang="en-US" id="id_14489302_3471152_1_1"> Line of credit facility issuance date </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LineOfCreditFacilityIssuanceDate_lbl" xml:lang="en-US" id="id_14489302_3471152_2_1"> Date </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LineOfCreditFacilityIssuanceDate" xlink:to="pbr_LineOfCreditFacilityIssuanceDate_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LineOfCreditFacilityMaturityDate" xlink:label="pbr_LineOfCreditFacilityMaturityDate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LineOfCreditFacilityMaturityDate_lbl" xml:lang="en-US" id="id_14489302_3470443_3_1"> Line of credit facility maturity date. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LineOfCreditFacilityMaturityDate_lbl" xml:lang="en-US" id="id_14489302_3470443_1_1"> Line of credit facility maturity date </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LineOfCreditFacilityMaturityDate_lbl" xml:lang="en-US" id="id_14489302_3470443_2_1"> Maturity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LineOfCreditFacilityMaturityDate" xlink:to="pbr_LineOfCreditFacilityMaturityDate_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LineOfCreditFacilityRemainingBorrowingCapacity1" xlink:label="pbr_LineOfCreditFacilityRemainingBorrowingCapacity1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LineOfCreditFacilityRemainingBorrowingCapacity1_lbl" xml:lang="en-US" id="id_14489302_3464540_3_1"> Line of credit facility remaining borrowing capacity 1. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LineOfCreditFacilityRemainingBorrowingCapacity1_lbl" xml:lang="en-US" id="id_14489302_3464540_1_1"> Line Of Credit Facility Remaining Borrowing Capacity 1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LineOfCreditFacilityRemainingBorrowingCapacity1_lbl" xml:lang="en-US" id="id_14489302_3464540_2_1"> Balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LineOfCreditFacilityRemainingBorrowingCapacity1" xlink:to="pbr_LineOfCreditFacilityRemainingBorrowingCapacity1_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LineOfCreditUsedForInvestmentsInSubsidiary" xlink:label="pbr_LineOfCreditUsedForInvestmentsInSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LineOfCreditUsedForInvestmentsInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3450499_3_1"> Line of credit used for investments in subsidiary. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LineOfCreditUsedForInvestmentsInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3450499_1_1"> Line Of Credit Used For Investments In Subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LineOfCreditUsedForInvestmentsInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3450499_2_1"> Line of credit used for investments in subsidiary </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LineOfCreditUsedForInvestmentsInSubsidiary" xlink:to="pbr_LineOfCreditUsedForInvestmentsInSubsidiary_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LinguadoMember" xlink:label="pbr_LinguadoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LinguadoMember_lbl" xml:lang="en-US" id="id_14489302_3487761_3_1"> Linguado. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LinguadoMember_lbl" xml:lang="en-US" id="id_14489302_3487761_1_1"> Linguado [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LinguadoMember_lbl" xml:lang="en-US" id="id_14489302_3487761_2_1"> Linguado [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LinguadoMember" xlink:to="pbr_LinguadoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LiquefiedPetroleumGasMember" xlink:label="pbr_LiquefiedPetroleumGasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LiquefiedPetroleumGasMember_lbl" xml:lang="en-US" id="id_14489302_3530614_3_1"> Liquefied petroleum gas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LiquefiedPetroleumGasMember_lbl" xml:lang="en-US" id="id_14489302_3530614_1_1"> Liquefied Petroleum Gas [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LiquefiedPetroleumGasMember_lbl" xml:lang="en-US" id="id_14489302_3530614_2_1"> Liquefied petroleum gas [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LiquefiedPetroleumGasMember" xlink:to="pbr_LiquefiedPetroleumGasMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LiquigasDistribuidoraSAMember" xlink:label="pbr_LiquigasDistribuidoraSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LiquigasDistribuidoraSAMember_lbl" xml:lang="en-US" id="id_14489302_3487514_3_1"> Liquigas Distribuidora S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LiquigasDistribuidoraSAMember_lbl" xml:lang="en-US" id="id_14489302_3487514_1_1"> Liquigas Distribuidora S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LiquigasDistribuidoraSAMember_lbl" xml:lang="en-US" id="id_14489302_3487514_2_1"> Liquigas Distribuidora S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LiquigasDistribuidoraSAMember" xlink:to="pbr_LiquigasDistribuidoraSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LitigationCase1Axis" xlink:label="pbr_LitigationCase1Axis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LitigationCase1Axis_lbl" xml:lang="en-US" id="id_14489302_3539387_3_1"> Litigation case 1. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LitigationCase1Axis_lbl" xml:lang="en-US" id="id_14489302_3539387_1_1"> Litigation case 1 [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LitigationCase1Axis_lbl" xml:lang="en-US" id="id_14489302_3539387_2_1"> Litigation case 1 [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LitigationCase1Axis" xlink:to="pbr_LitigationCase1Axis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LitigationCase1Member" xlink:label="pbr_LitigationCase1Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LitigationCase1Member_lbl" xml:lang="en-US" id="id_14489302_3539388_3_1"> Litigation Case1 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LitigationCase1Member_lbl" xml:lang="en-US" id="id_14489302_3539388_1_1"> Litigation Case1 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LitigationCase1Member_lbl" xml:lang="en-US" id="id_14489302_3539388_2_1"> Litigation Case1 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LitigationCase1Member" xlink:to="pbr_LitigationCase1Member_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_LitigationCaseAxis" xlink:label="srt_LitigationCaseAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_LitigationCaseAxis_lbl" xml:lang="en-US" id="id_14489302_3421316_1_1"> Litigation Case [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_LitigationCaseAxis_lbl" xml:lang="en-US" id="id_14489302_3421316_2_1"> Litigation Case [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_LitigationCaseAxis" xlink:to="srt_LitigationCaseAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_LitigationCaseTypeDomain" xlink:label="srt_LitigationCaseTypeDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_LitigationCaseTypeDomain_lbl" xml:lang="en-US" id="id_14489302_3421060_1_1"> Litigation Case [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_LitigationCaseTypeDomain_lbl" xml:lang="en-US" id="id_14489302_3421060_2_1"> Litigation Case [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_LitigationCaseTypeDomain" xlink:to="srt_LitigationCaseTypeDomain_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LoansToParticipantsMember" xlink:label="pbr_LoansToParticipantsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LoansToParticipantsMember_lbl" xml:lang="en-US" id="id_14489302_3492103_3_1"> Loans to participants. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LoansToParticipantsMember_lbl" xml:lang="en-US" id="id_14489302_3492103_1_1"> Loans to participants [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LoansToParticipantsMember_lbl" xml:lang="en-US" id="id_14489302_3492103_2_1"> Loans to participants [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LoansToParticipantsMember" xlink:to="pbr_LoansToParticipantsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LoansTradeAndOtherReceivablesPayableAndFinancingMember" xlink:label="pbr_LoansTradeAndOtherReceivablesPayableAndFinancingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LoansTradeAndOtherReceivablesPayableAndFinancingMember_lbl" xml:lang="en-US" id="id_14489302_3486702_3_1"> Loans trade and other receivables payable and financing. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LoansTradeAndOtherReceivablesPayableAndFinancingMember_lbl" xml:lang="en-US" id="id_14489302_3486702_1_1"> Loans Trade And Other Receivables Payable And Financing [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LoansTradeAndOtherReceivablesPayableAndFinancingMember_lbl" xml:lang="en-US" id="id_14489302_3486702_2_1"> Loans, trade and other receivables/ payables and financing [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LoansTradeAndOtherReceivablesPayableAndFinancingMember" xlink:to="pbr_LoansTradeAndOtherReceivablesPayableAndFinancingMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LogigasMember" xlink:label="pbr_LogigasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LogigasMember_lbl" xml:lang="en-US" id="id_14489302_3553197_3_1"> Logigas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LogigasMember_lbl" xml:lang="en-US" id="id_14489302_3553197_1_1"> Logigas [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LogigasMember_lbl" xml:lang="en-US" id="id_14489302_3553197_2_1"> Logigas [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LogigasMember" xlink:to="pbr_LogigasMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LogumBelmBioenergiaBrasilAndRefinariaDePetrleoRiograndenseMember" xlink:label="pbr_LogumBelmBioenergiaBrasilAndRefinariaDePetrleoRiograndenseMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LogumBelmBioenergiaBrasilAndRefinariaDePetrleoRiograndenseMember_lbl" xml:lang="en-US" id="id_14489302_3510383_3_1"> Logum, Belm Bioenergia Brasil and Refinaria de Petrleo Riograndense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LogumBelmBioenergiaBrasilAndRefinariaDePetrleoRiograndenseMember_lbl" xml:lang="en-US" id="id_14489302_3510383_1_1"> Logum, Belm Bioenergia Brasil and Refinaria de Petrleo Riograndense [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LogumBelmBioenergiaBrasilAndRefinariaDePetrleoRiograndenseMember_lbl" xml:lang="en-US" id="id_14489302_3510383_2_1"> Logum, Belm Bioenergia Brasil and Refinaria de Petrleo Riograndense [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LogumBelmBioenergiaBrasilAndRefinariaDePetrleoRiograndenseMember" xlink:to="pbr_LogumBelmBioenergiaBrasilAndRefinariaDePetrleoRiograndenseMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LogumLogisticaSAMember" xlink:label="pbr_LogumLogisticaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LogumLogisticaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487536_3_1"> Logum Logistica S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LogumLogisticaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487536_1_1"> Logum Logistica S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LogumLogisticaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487536_2_1"> Logum Logistica S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LogumLogisticaSAMember" xlink:to="pbr_LogumLogisticaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LongPositionOrCrudeOilAndOilProductsMember" xlink:label="pbr_LongPositionOrCrudeOilAndOilProductsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LongPositionOrCrudeOilAndOilProductsMember_lbl" xml:lang="en-US" id="id_14489302_3487768_3_1"> Long position or crude oil and oil products. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LongPositionOrCrudeOilAndOilProductsMember_lbl" xml:lang="en-US" id="id_14489302_3487768_1_1"> Long Position Or Crude Oil And Oil Products [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LongPositionOrCrudeOilAndOilProductsMember_lbl" xml:lang="en-US" id="id_14489302_3487768_2_1"> Long position/Crude oil and oil products [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LongPositionOrCrudeOilAndOilProductsMember" xlink:to="pbr_LongPositionOrCrudeOilAndOilProductsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LongPositionOrForeignCurrencyForwardsEURUSDMember" xlink:label="pbr_LongPositionOrForeignCurrencyForwardsEURUSDMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LongPositionOrForeignCurrencyForwardsEURUSDMember_lbl" xml:lang="en-US" id="id_14489302_3495655_3_1"> Long Position Or Foreign Currency Forwards EUR/USD. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LongPositionOrForeignCurrencyForwardsEURUSDMember_lbl" xml:lang="en-US" id="id_14489302_3495655_1_1"> Long Position Or Foreign Currency Forwards EUR/USD [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LongPositionOrForeignCurrencyForwardsEURUSDMember_lbl" xml:lang="en-US" id="id_14489302_3495655_2_1"> Long Position Or Foreign Currency Forwards EUR/USD [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LongPositionOrForeignCurrencyForwardsEURUSDMember" xlink:to="pbr_LongPositionOrForeignCurrencyForwardsEURUSDMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LongPositionOrForeignCurrencyForwardsGbpUsdMember" xlink:label="pbr_LongPositionOrForeignCurrencyForwardsGbpUsdMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LongPositionOrForeignCurrencyForwardsGbpUsdMember_lbl" xml:lang="en-US" id="id_14489302_3553211_3_1"> Long Position Or Foreign Currency Forwards GBP/USD. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LongPositionOrForeignCurrencyForwardsGbpUsdMember_lbl" xml:lang="en-US" id="id_14489302_3553211_1_1"> Long Position Or Foreign Currency Forwards GBP/USD [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LongPositionOrForeignCurrencyForwardsGbpUsdMember_lbl" xml:lang="en-US" id="id_14489302_3553211_2_1"> Long Position Or Foreign Currency Forwards GBP/USD [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LongPositionOrForeignCurrencyForwardsGbpUsdMember" xlink:to="pbr_LongPositionOrForeignCurrencyForwardsGbpUsdMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LongPositionOrForeignCurrencyForwardsMember" xlink:label="pbr_LongPositionOrForeignCurrencyForwardsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LongPositionOrForeignCurrencyForwardsMember_lbl" xml:lang="en-US" id="id_14489302_3487780_3_1"> Long position or foreign currency forwards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LongPositionOrForeignCurrencyForwardsMember_lbl" xml:lang="en-US" id="id_14489302_3487780_1_1"> Long Position Or Foreign Currency Forwards [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LongPositionOrForeignCurrencyForwardsMember_lbl" xml:lang="en-US" id="id_14489302_3487780_2_1"> Long position/Foreign currency forwards [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LongPositionOrForeignCurrencyForwardsMember" xlink:to="pbr_LongPositionOrForeignCurrencyForwardsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LongtermBorrowings" xlink:label="ifrs-full_LongtermBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LongtermBorrowings_lbl" xml:lang="en-US" id="id_14489302_3421479_1_1"> Non-current portion of non-current borrowings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LongtermBorrowings_lbl" xml:lang="en-US" id="id_14489302_3421479_2_1"> Finance debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LongtermBorrowings_lbl" xml:lang="en-US" id="id_14489302_3421479_12_1"> Finance debt, non-current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermBorrowings" xlink:to="ifrs-full_LongtermBorrowings_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LongtermDeposits" xlink:label="ifrs-full_LongtermDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LongtermDeposits_lbl" xml:lang="en-US" id="id_14489302_3421326_1_1"> Long-term deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LongtermDeposits_lbl" xml:lang="en-US" id="id_14489302_3421326_2_1"> Judicial deposits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermDeposits" xlink:to="ifrs-full_LongtermDeposits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LongtermLegalProceedingsProvision" xlink:label="ifrs-full_LongtermLegalProceedingsProvision"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LongtermLegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3421066_1_1"> Non-current legal proceedings provision </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LongtermLegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3421066_2_1"> Non-current liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LongtermLegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3421066_12_1"> Provisions for legal proceedings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermLegalProceedingsProvision" xlink:to="ifrs-full_LongtermLegalProceedingsProvision_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LongtermMiscellaneousOtherProvisions" xlink:label="ifrs-full_LongtermMiscellaneousOtherProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LongtermMiscellaneousOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3421067_1_1"> Non-current miscellaneous other provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LongtermMiscellaneousOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3421067_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermMiscellaneousOtherProvisions" xlink:to="ifrs-full_LongtermMiscellaneousOtherProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LongtermProvisionForDecommissioningRestorationAndRehabilitationCosts" xlink:label="ifrs-full_LongtermProvisionForDecommissioningRestorationAndRehabilitationCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LongtermProvisionForDecommissioningRestorationAndRehabilitationCosts_lbl" xml:lang="en-US" id="id_14489302_3421955_1_1"> Non-current provision for decommissioning, restoration and rehabilitation costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LongtermProvisionForDecommissioningRestorationAndRehabilitationCosts_lbl" xml:lang="en-US" id="id_14489302_3421955_2_1"> Provision for decommissioning costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LongtermProvisionForDecommissioningRestorationAndRehabilitationCosts" xlink:to="ifrs-full_LongtermProvisionForDecommissioningRestorationAndRehabilitationCosts_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_LossesOnLitigationSettlements" xlink:label="ifrs-full_LossesOnLitigationSettlements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LossesOnLitigationSettlements_lbl" xml:lang="en-US" id="id_14489302_3421072_1_1"> Losses on litigation settlements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LossesOnLitigationSettlements_lbl" xml:lang="en-US" id="id_14489302_3421072_2_1"> Action Settlement amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LossesOnLitigationSettlements" xlink:to="ifrs-full_LossesOnLitigationSettlements_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_LossReclassifiedFromEquityToOtherIncomeAndExpenseMember" xlink:label="pbr_LossReclassifiedFromEquityToOtherIncomeAndExpenseMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_LossReclassifiedFromEquityToOtherIncomeAndExpenseMember_lbl" xml:lang="en-US" id="id_14489302_3553171_3_1"> Loss reclassified from equity to other income and expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_LossReclassifiedFromEquityToOtherIncomeAndExpenseMember_lbl" xml:lang="en-US" id="id_14489302_3553171_1_1"> Loss reclassified from equity to other income and expense [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_LossReclassifiedFromEquityToOtherIncomeAndExpenseMember_lbl" xml:lang="en-US" id="id_14489302_3553171_2_1"> Loss reclassified from equity to other income and expense [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_LossReclassifiedFromEquityToOtherIncomeAndExpenseMember" xlink:to="pbr_LossReclassifiedFromEquityToOtherIncomeAndExpenseMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MajorComponentsOfIncomeTaxAxis" xlink:label="pbr_MajorComponentsOfIncomeTaxAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MajorComponentsOfIncomeTaxAxis_lbl" xml:lang="en-US" id="id_14489302_3475706_3_1"> Clone 1 Of Major Components Of Income Tax [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MajorComponentsOfIncomeTaxAxis_lbl" xml:lang="en-US" id="id_14489302_3475706_1_1"> Major Components Of Income Tax [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MajorComponentsOfIncomeTaxAxis_lbl" xml:lang="en-US" id="id_14489302_3475706_2_1"> Major Components Of Income Tax [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MajorComponentsOfIncomeTaxAxis" xlink:to="pbr_MajorComponentsOfIncomeTaxAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MajorComponentsOfIncomeTaxDomain" xlink:label="pbr_MajorComponentsOfIncomeTaxDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MajorComponentsOfIncomeTaxDomain_lbl" xml:lang="en-US" id="id_14489302_3528987_3_1"> Major Components Of Income Tax [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MajorComponentsOfIncomeTaxDomain_lbl" xml:lang="en-US" id="id_14489302_3528987_1_1"> Major Components Of Income Tax [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MajorComponentsOfIncomeTaxDomain_lbl" xml:lang="en-US" id="id_14489302_3528987_2_1"> Major Components Of Income Tax [domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MajorComponentsOfIncomeTaxDomain" xlink:to="pbr_MajorComponentsOfIncomeTaxDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MajorCustomersAxis" xlink:label="ifrs-full_MajorCustomersAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MajorCustomersAxis_lbl" xml:lang="en-US" id="id_14489302_3421962_1_1"> Major customers [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MajorCustomersAxis_lbl" xml:lang="en-US" id="id_14489302_3421962_2_1"> Major customers [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MajorCustomersAxis" xlink:to="ifrs-full_MajorCustomersAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MajorCustomersMember" xlink:label="ifrs-full_MajorCustomersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MajorCustomersMember_lbl" xml:lang="en-US" id="id_14489302_3421338_1_1"> Customers [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MajorCustomersMember_lbl" xml:lang="en-US" id="id_14489302_3421338_2_1"> Customers [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MajorCustomersMember" xlink:to="ifrs-full_MajorCustomersMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MarketableSecurities1" xlink:label="pbr_MarketableSecurities1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MarketableSecurities1_lbl" xml:lang="en-US" id="id_14489302_3456720_3_1"> Marketable securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MarketableSecurities1_lbl" xml:lang="en-US" id="id_14489302_3456720_1_1"> Marketable Securities1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MarketableSecurities1_lbl" xml:lang="en-US" id="id_14489302_3456720_2_1"> Marketable securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_MarketableSecurities1_lbl" xml:lang="en-US" id="id_14489302_3456720_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MarketableSecurities1" xlink:to="pbr_MarketableSecurities1_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MarketableSecurities1Abstract" xlink:label="pbr_MarketableSecurities1Abstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MarketableSecurities1Abstract_lbl" xml:lang="en-US" id="id_14489302_3427063_3_1"> Marketable securities 1 [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MarketableSecurities1Abstract_lbl" xml:lang="en-US" id="id_14489302_3427063_1_1"> Marketable securities 1 [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MarketableSecurities1Abstract_lbl" xml:lang="en-US" id="id_14489302_3427063_2_1"> Marketable securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MarketableSecurities1Abstract" xlink:to="pbr_MarketableSecurities1Abstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MarketableSecuritiesCurrent1" xlink:label="pbr_MarketableSecuritiesCurrent1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MarketableSecuritiesCurrent1_lbl" xml:lang="en-US" id="id_14489302_3450484_3_1"> Marketable securities current. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MarketableSecuritiesCurrent1_lbl" xml:lang="en-US" id="id_14489302_3450484_1_1"> Marketable Securities Current 1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MarketableSecuritiesCurrent1_lbl" xml:lang="en-US" id="id_14489302_3450484_2_1"> Current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_MarketableSecuritiesCurrent1_lbl" xml:lang="en-US" id="id_14489302_3450484_12_1"> Marketable securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MarketableSecuritiesCurrent1" xlink:to="pbr_MarketableSecuritiesCurrent1_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MarketableSecuritiesMember" xlink:label="pbr_MarketableSecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MarketableSecuritiesMember_lbl" xml:lang="en-US" id="id_14489302_3491894_3_1"> Marketable securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MarketableSecuritiesMember_lbl" xml:lang="en-US" id="id_14489302_3491894_1_1"> Marketable Securities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MarketableSecuritiesMember_lbl" xml:lang="en-US" id="id_14489302_3491894_2_1"> Marketable securities [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MarketableSecuritiesMember" xlink:to="pbr_MarketableSecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MarketableSecuritiesNonCurrent1" xlink:label="pbr_MarketableSecuritiesNonCurrent1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MarketableSecuritiesNonCurrent1_lbl" xml:lang="en-US" id="id_14489302_3450485_3_1"> Marketable securities non-current. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MarketableSecuritiesNonCurrent1_lbl" xml:lang="en-US" id="id_14489302_3450485_1_1"> Marketable Securities Non Current1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MarketableSecuritiesNonCurrent1_lbl" xml:lang="en-US" id="id_14489302_3450485_2_1"> Marketable securities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_MarketableSecuritiesNonCurrent1_lbl" xml:lang="en-US" id="id_14489302_3450485_12_1"> Non-current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MarketableSecuritiesNonCurrent1" xlink:to="pbr_MarketableSecuritiesNonCurrent1_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MarketComparablePricesMember" xlink:label="ifrs-full_MarketComparablePricesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MarketComparablePricesMember_lbl" xml:lang="en-US" id="id_14489302_3421493_1_1"> Market comparable prices [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MarketComparablePricesMember_lbl" xml:lang="en-US" id="id_14489302_3421493_2_1"> Market comparable prices [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MarketComparablePricesMember" xlink:to="ifrs-full_MarketComparablePricesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MarombaMember" xlink:label="pbr_MarombaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MarombaMember_lbl" xml:lang="en-US" id="id_14489302_3487689_3_1"> Maromba. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MarombaMember_lbl" xml:lang="en-US" id="id_14489302_3487689_1_1"> Maromba [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MarombaMember_lbl" xml:lang="en-US" id="id_14489302_3487689_2_1"> Maromba [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MarombaMember" xlink:to="pbr_MarombaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MaterialsThirdPartyServicesFreightRentAndOtherRelatedCosts" xlink:label="pbr_MaterialsThirdPartyServicesFreightRentAndOtherRelatedCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MaterialsThirdPartyServicesFreightRentAndOtherRelatedCosts_lbl" xml:lang="en-US" id="id_14489302_3450616_3_1"> Materials Third Party Services Freight Rent And Other Related Costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MaterialsThirdPartyServicesFreightRentAndOtherRelatedCosts_lbl" xml:lang="en-US" id="id_14489302_3450616_1_1"> Materials Third Party Services Freight Rent And Other Related Costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_MaterialsThirdPartyServicesFreightRentAndOtherRelatedCosts_lbl" xml:lang="en-US" id="id_14489302_3450616_14_1"> Materials, third-party services, freight, rent and other related costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MaterialsThirdPartyServicesFreightRentAndOtherRelatedCosts" xlink:to="pbr_MaterialsThirdPartyServicesFreightRentAndOtherRelatedCosts_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MaturityAxis" xlink:label="ifrs-full_MaturityAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaturityAxis_lbl" xml:lang="en-US" id="id_14489302_3421968_1_1"> Maturity [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MaturityAxis_lbl" xml:lang="en-US" id="id_14489302_3421968_2_1"> Maturity [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaturityAxis" xlink:to="ifrs-full_MaturityAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MeasurementAxis" xlink:label="ifrs-full_MeasurementAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MeasurementAxis_lbl" xml:lang="en-US" id="id_14489302_3421501_1_1"> Measurement [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MeasurementAxis_lbl" xml:lang="en-US" id="id_14489302_3421501_2_1"> Measurement [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MeasurementAxis" xlink:to="ifrs-full_MeasurementAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MedicalBenefitsMember" xlink:label="pbr_MedicalBenefitsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MedicalBenefitsMember_lbl" xml:lang="en-US" id="id_14489302_3491790_3_1"> Medical benefits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MedicalBenefitsMember_lbl" xml:lang="en-US" id="id_14489302_3491790_1_1"> Medical Benefits [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MedicalBenefitsMember_lbl" xml:lang="en-US" id="id_14489302_3491790_2_1"> Medical Benefits [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MedicalBenefitsMember" xlink:to="pbr_MedicalBenefitsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MeroAndSapinhoaFieldsMember" xlink:label="pbr_MeroAndSapinhoaFieldsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MeroAndSapinhoaFieldsMember_lbl" xml:lang="en-US" id="id_14489302_3540987_3_1"> Mero and Sapinhoa fields. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MeroAndSapinhoaFieldsMember_lbl" xml:lang="en-US" id="id_14489302_3540987_1_1"> Mero and Sapinhoa fields [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MeroAndSapinhoaFieldsMember_lbl" xml:lang="en-US" id="id_14489302_3540987_2_1"> Mero and Sapinhoa fields [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MeroAndSapinhoaFieldsMember" xlink:to="pbr_MeroAndSapinhoaFieldsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MeroFieldMember" xlink:label="pbr_MeroFieldMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MeroFieldMember_lbl" xml:lang="en-US" id="id_14489302_3540986_3_1"> Mero field. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MeroFieldMember_lbl" xml:lang="en-US" id="id_14489302_3540986_1_1"> Mero field [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MeroFieldMember_lbl" xml:lang="en-US" id="id_14489302_3540986_2_1"> Mero field [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MeroFieldMember" xlink:to="pbr_MeroFieldMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MetanolDoNordesteSAMetanorMember" xlink:label="pbr_MetanolDoNordesteSAMetanorMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MetanolDoNordesteSAMetanorMember_lbl" xml:lang="en-US" id="id_14489302_3487566_3_1"> Metanol do Nordeste S.A.Metanor. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MetanolDoNordesteSAMetanorMember_lbl" xml:lang="en-US" id="id_14489302_3487566_1_1"> Metanol do Nordeste S A Metanor [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MetanolDoNordesteSAMetanorMember_lbl" xml:lang="en-US" id="id_14489302_3487566_2_1"> Metanol do Nordeste S A Metanor [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MetanolDoNordesteSAMetanorMember" xlink:to="pbr_MetanolDoNordesteSAMetanorMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MethodsAndAssumptionsUsedInPreparingSensitivityAnalysis" xlink:label="ifrs-full_MethodsAndAssumptionsUsedInPreparingSensitivityAnalysis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MethodsAndAssumptionsUsedInPreparingSensitivityAnalysis_lbl" xml:lang="en-US" id="id_14489302_3421360_1_1"> Description of methods and assumptions used in preparing sensitivity analysis </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MethodsAndAssumptionsUsedInPreparingSensitivityAnalysis_lbl" xml:lang="en-US" id="id_14489302_3421360_2_1"> Description of sensitivity analysis </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MethodsAndAssumptionsUsedInPreparingSensitivityAnalysis" xlink:to="ifrs-full_MethodsAndAssumptionsUsedInPreparingSensitivityAnalysis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MinimumFinanceLeasePaymentsPayable" xlink:label="ifrs-full_MinimumFinanceLeasePaymentsPayable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MinimumFinanceLeasePaymentsPayable_lbl" xml:lang="en-US" id="id_14489302_3422241_1_1"> Minimum finance lease payments payable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MinimumFinanceLeasePaymentsPayable_lbl" xml:lang="en-US" id="id_14489302_3422241_2_1"> Future value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MinimumFinanceLeasePaymentsPayable" xlink:to="ifrs-full_MinimumFinanceLeasePaymentsPayable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MinimumFinanceLeasePaymentsPayableAtPresentValue" xlink:label="ifrs-full_MinimumFinanceLeasePaymentsPayableAtPresentValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MinimumFinanceLeasePaymentsPayableAtPresentValue_lbl" xml:lang="en-US" id="id_14489302_3421980_1_1"> Minimum finance lease payments payable, at present value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_MinimumFinanceLeasePaymentsPayableAtPresentValue_lbl" xml:lang="en-US" id="id_14489302_3421980_6_1"> Estimated lease payments/receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MinimumFinanceLeasePaymentsPayableAtPresentValue" xlink:to="ifrs-full_MinimumFinanceLeasePaymentsPayableAtPresentValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MinimumFinanceLeasePaymentsReceivableAtPresentValue" xlink:label="ifrs-full_MinimumFinanceLeasePaymentsReceivableAtPresentValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MinimumFinanceLeasePaymentsReceivableAtPresentValue_lbl" xml:lang="en-US" id="id_14489302_3421106_1_1"> Minimum finance lease payments receivable, at present value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_MinimumFinanceLeasePaymentsReceivableAtPresentValue_lbl" xml:lang="en-US" id="id_14489302_3421106_6_1"> Estimated lease payments/receivable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MinimumFinanceLeasePaymentsReceivableAtPresentValue" xlink:to="ifrs-full_MinimumFinanceLeasePaymentsReceivableAtPresentValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xlink:label="ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease_lbl" xml:lang="en-US" id="id_14489302_3421108_1_1"> Minimum lease payments payable under non-cancellable operating lease </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease_lbl" xml:lang="en-US" id="id_14489302_3421108_2_1"> Future minimum lease payments - operating leases </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease_lbl" xml:lang="en-US" id="id_14489302_3421108_12_1"> Minimum operating lease </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease" xlink:to="ifrs-full_MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MinimumMandatoryDividendPercentage" xlink:label="pbr_MinimumMandatoryDividendPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MinimumMandatoryDividendPercentage_lbl" xml:lang="en-US" id="id_14489302_3541000_3_1"> Minimum mandatory dividend percentage. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MinimumMandatoryDividendPercentage_lbl" xml:lang="en-US" id="id_14489302_3541000_1_1"> Minimum mandatory dividend percentage </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MinimumMandatoryDividendPercentage_lbl" xml:lang="en-US" id="id_14489302_3541000_2_1"> Minimum mandatory dividend percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MinimumMandatoryDividendPercentage" xlink:to="pbr_MinimumMandatoryDividendPercentage_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_MinimumOperatingLeasePayments" xlink:label="ifrs-full_MinimumOperatingLeasePayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MinimumOperatingLeasePayments_lbl" xml:lang="en-US" id="id_14489302_3421982_1_1"> Minimum operating lease payments recognised as expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MinimumOperatingLeasePayments_lbl" xml:lang="en-US" id="id_14489302_3421982_2_1"> Operating lease expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MinimumOperatingLeasePayments" xlink:to="ifrs-full_MinimumOperatingLeasePayments_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MirangaGroupMember" xlink:label="pbr_MirangaGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MirangaGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510341_3_1"> Miranga group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MirangaGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510341_1_1"> Miranga group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MirangaGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510341_2_1"> Miranga group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MirangaGroupMember" xlink:to="pbr_MirangaGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MonthlyCompensationOfManagementPersonnel" xlink:label="pbr_MonthlyCompensationOfManagementPersonnel"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MonthlyCompensationOfManagementPersonnel_lbl" xml:lang="en-US" id="id_14489302_3540993_3_1"> Monthly compensation of management personnel. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MonthlyCompensationOfManagementPersonnel_lbl" xml:lang="en-US" id="id_14489302_3540993_1_1"> Monthly compensation of management personnel </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MonthlyCompensationOfManagementPersonnel_lbl" xml:lang="en-US" id="id_14489302_3540993_2_1"> Monthly compensation of management personnel </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MonthlyCompensationOfManagementPersonnel" xlink:to="pbr_MonthlyCompensationOfManagementPersonnel_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MortalityTableDescription" xlink:label="pbr_MortalityTableDescription"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MortalityTableDescription_lbl" xml:lang="en-US" id="id_14489302_3469960_3_1"> Mortality table description. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MortalityTableDescription_lbl" xml:lang="en-US" id="id_14489302_3469960_1_1"> Mortality table description </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MortalityTableDescription_lbl" xml:lang="en-US" id="id_14489302_3469960_2_1"> Mortality table for disabled participants </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MortalityTableDescription" xlink:to="pbr_MortalityTableDescription_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MPGulfOfMexicoLLCMember" xlink:label="pbr_MPGulfOfMexicoLLCMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MPGulfOfMexicoLLCMember_lbl" xml:lang="en-US" id="id_14489302_3553084_3_1"> MP Gulf of Mexico, LLC. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MPGulfOfMexicoLLCMember_lbl" xml:lang="en-US" id="id_14489302_3553084_1_1"> MP Gulf of Mexico, LLC [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MPGulfOfMexicoLLCMember_lbl" xml:lang="en-US" id="id_14489302_3553084_2_1"> MP Gulf of Mexico, LLC [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MPGulfOfMexicoLLCMember" xlink:to="pbr_MPGulfOfMexicoLLCMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_MT" xlink:label="country_MT"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_MT_lbl" xml:lang="en-US" id="id_14489302_3422278_1_1"> MALTA </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_MT_lbl" xml:lang="en-US" id="id_14489302_3422278_2_1"> MALTA </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_MT" xlink:to="country_MT_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MultiplusSAMember" xlink:label="pbr_MultiplusSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MultiplusSAMember_lbl" xml:lang="en-US" id="id_14489302_3505195_3_1"> Multiplus S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MultiplusSAMember_lbl" xml:lang="en-US" id="id_14489302_3505195_1_1"> Multiplus SA [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MultiplusSAMember_lbl" xml:lang="en-US" id="id_14489302_3505195_2_1"> Multiplus SA [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MultiplusSAMember" xlink:to="pbr_MultiplusSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_MurphyExplorationAndProductionCompanyMember" xlink:label="pbr_MurphyExplorationAndProductionCompanyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_MurphyExplorationAndProductionCompanyMember_lbl" xml:lang="en-US" id="id_14489302_3553218_3_1"> Murphy Exploration and Production Company. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_MurphyExplorationAndProductionCompanyMember_lbl" xml:lang="en-US" id="id_14489302_3553218_1_1"> Murphy Exploration and Production Company [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_MurphyExplorationAndProductionCompanyMember_lbl" xml:lang="en-US" id="id_14489302_3553218_2_1"> Murphy Exploration and Production Company [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_MurphyExplorationAndProductionCompanyMember" xlink:to="pbr_MurphyExplorationAndProductionCompanyMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NameOfAssociate" xlink:label="ifrs-full_NameOfAssociate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NameOfAssociate_lbl" xml:lang="en-US" id="id_14489302_3421597_1_1"> Name of associate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NameOfAssociate_lbl" xml:lang="en-US" id="id_14489302_3421597_2_1"> Associate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NameOfAssociate" xlink:to="ifrs-full_NameOfAssociate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:label="ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification_lbl" xml:lang="en-US" id="id_14489302_3422455_1_1"> Name of reporting entity or other means of identification </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification_lbl" xml:lang="en-US" id="id_14489302_3422455_2_1"> Company name </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:to="ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NameOfSubsidiary" xlink:label="ifrs-full_NameOfSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NameOfSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3422299_1_1"> Name of subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NameOfSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3422299_2_1"> Name of subsidiary </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NameOfSubsidiary" xlink:to="ifrs-full_NameOfSubsidiary_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NaphthaMember" xlink:label="pbr_NaphthaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NaphthaMember_lbl" xml:lang="en-US" id="id_14489302_3487190_3_1"> Naphtha. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NaphthaMember_lbl" xml:lang="en-US" id="id_14489302_3487190_1_1"> Naphtha [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NaphthaMember_lbl" xml:lang="en-US" id="id_14489302_3487190_2_1"> Naphtha [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NaphthaMember" xlink:to="pbr_NaphthaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NaturalGasDistributorsMember" xlink:label="pbr_NaturalGasDistributorsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NaturalGasDistributorsMember_lbl" xml:lang="en-US" id="id_14489302_3491754_3_1"> Natural gas distributors. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NaturalGasDistributorsMember_lbl" xml:lang="en-US" id="id_14489302_3491754_1_1"> Natural Gas Distributors [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NaturalGasDistributorsMember_lbl" xml:lang="en-US" id="id_14489302_3491754_2_1"> Natural Gas Distributors [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NaturalGasDistributorsMember" xlink:to="pbr_NaturalGasDistributorsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NaturalGasLiquidNGLMember" xlink:label="pbr_NaturalGasLiquidNGLMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NaturalGasLiquidNGLMember_lbl" xml:lang="en-US" id="id_14489302_3553252_3_1"> Natural gas liquid (NGL). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NaturalGasLiquidNGLMember_lbl" xml:lang="en-US" id="id_14489302_3553252_1_1"> Natural gas liquid (NGL) [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NaturalGasLiquidNGLMember_lbl" xml:lang="en-US" id="id_14489302_3553252_2_1"> Natural gas liquid (NGL) [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NaturalGasLiquidNGLMember" xlink:to="pbr_NaturalGasLiquidNGLMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NaturalGasMember" xlink:label="pbr_NaturalGasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NaturalGasMember_lbl" xml:lang="en-US" id="id_14489302_3479892_3_1"> Natural gas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NaturalGasMember_lbl" xml:lang="en-US" id="id_14489302_3479892_1_1"> Natural Gas [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NaturalGasMember_lbl" xml:lang="en-US" id="id_14489302_3479892_2_1"> Natural Gas [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NaturalGasMember" xlink:to="pbr_NaturalGasMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NatureOfContingentLiabilitiesAbstract" xlink:label="pbr_NatureOfContingentLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NatureOfContingentLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430663_3_1"> Nature Of Contingent Liabilities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NatureOfContingentLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430663_1_1"> Nature of Contingent Liabilities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NatureOfContingentLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3430663_2_1"> Nature of Contingent Liabilities [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NatureOfContingentLiabilitiesAbstract" xlink:to="pbr_NatureOfContingentLiabilitiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetChangeDueToExtensionsDiscoveriesAndImprovedRecoveryRelatedCosts" xlink:label="pbr_NetChangeDueToExtensionsDiscoveriesAndImprovedRecoveryRelatedCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetChangeDueToExtensionsDiscoveriesAndImprovedRecoveryRelatedCosts_lbl" xml:lang="en-US" id="id_14489302_3437429_3_1"> Net change due to extensions discoveries and improved recovery related costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetChangeDueToExtensionsDiscoveriesAndImprovedRecoveryRelatedCosts_lbl" xml:lang="en-US" id="id_14489302_3437429_1_1"> Net change due to extensions discoveries and improved recovery related costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NetChangeDueToExtensionsDiscoveriesAndImprovedRecoveryRelatedCosts_lbl" xml:lang="en-US" id="id_14489302_3437429_2_1"> Net change due to extensions, discoveries and improved recovery related costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetChangeDueToExtensionsDiscoveriesAndImprovedRecoveryRelatedCosts" xlink:to="pbr_NetChangeDueToExtensionsDiscoveriesAndImprovedRecoveryRelatedCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetChangeDueToPurchasesAndSalesOfMineralsInPlace" xlink:label="pbr_NetChangeDueToPurchasesAndSalesOfMineralsInPlace"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetChangeDueToPurchasesAndSalesOfMineralsInPlace_lbl" xml:lang="en-US" id="id_14489302_3530199_3_1"> Net change due to purchases and sales of minerals in place. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetChangeDueToPurchasesAndSalesOfMineralsInPlace_lbl" xml:lang="en-US" id="id_14489302_3530199_1_1"> Net change due to purchases and sales of minerals in place </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NetChangeDueToPurchasesAndSalesOfMineralsInPlace_lbl" xml:lang="en-US" id="id_14489302_3530199_2_1"> Net change due to purchases and sales of minerals in place </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetChangeDueToPurchasesAndSalesOfMineralsInPlace" xlink:to="pbr_NetChangeDueToPurchasesAndSalesOfMineralsInPlace_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetChangeInPricesTransferPricesAndInProductionCosts" xlink:label="pbr_NetChangeInPricesTransferPricesAndInProductionCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetChangeInPricesTransferPricesAndInProductionCosts_lbl" xml:lang="en-US" id="id_14489302_3541113_3_1"> Net change in prices transfer prices and in production costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetChangeInPricesTransferPricesAndInProductionCosts_lbl" xml:lang="en-US" id="id_14489302_3541113_1_1"> Net change in prices transfer prices and in production costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NetChangeInPricesTransferPricesAndInProductionCosts_lbl" xml:lang="en-US" id="id_14489302_3541113_2_1"> Net change in prices, transfer prices and in production costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetChangeInPricesTransferPricesAndInProductionCosts" xlink:to="pbr_NetChangeInPricesTransferPricesAndInProductionCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetDecreaseInProvedReservesDueToTradingOfMineralsInSitu" xlink:label="pbr_NetDecreaseInProvedReservesDueToTradingOfMineralsInSitu"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetDecreaseInProvedReservesDueToTradingOfMineralsInSitu_lbl" xml:lang="en-US" id="id_14489302_3528815_3_1"> Net decrease in proved reserves due to trading of minerals in situ. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetDecreaseInProvedReservesDueToTradingOfMineralsInSitu_lbl" xml:lang="en-US" id="id_14489302_3528815_1_1"> Net Decrease In Proved Reserves Due To Trading Of Minerals In Situ </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NetDecreaseInProvedReservesDueToTradingOfMineralsInSitu_lbl" xml:lang="en-US" id="id_14489302_3528815_2_1"> Net effect of decrease in our proved reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetDecreaseInProvedReservesDueToTradingOfMineralsInSitu" xlink:to="pbr_NetDecreaseInProvedReservesDueToTradingOfMineralsInSitu_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetAxis_lbl" xml:lang="en-US" id="id_14489302_3421612_1_1"> Net defined benefit liability (asset) [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetAxis_lbl" xml:lang="en-US" id="id_14489302_3421612_2_1"> Net defined benefit liability (asset) [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:to="ifrs-full_NetDefinedBenefitLiabilityAssetAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NetDefinedBenefitLiabilityAssetMember" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetMember_lbl" xml:lang="en-US" id="id_14489302_3421569_1_1"> Net defined benefit liability (asset) [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetMember_lbl" xml:lang="en-US" id="id_14489302_3421569_2_1"> Net defined benefit liability (asset) [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetDefinedBenefitLiabilityAssetMember" xlink:to="ifrs-full_NetDefinedBenefitLiabilityAssetMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetFinanceIncomeExpenseMember" xlink:label="pbr_NetFinanceIncomeExpenseMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetFinanceIncomeExpenseMember_lbl" xml:lang="en-US" id="id_14489302_3486700_3_1"> Net finance income expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetFinanceIncomeExpenseMember_lbl" xml:lang="en-US" id="id_14489302_3486700_1_1"> Net Finance Income Expense [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NetFinanceIncomeExpenseMember_lbl" xml:lang="en-US" id="id_14489302_3486700_2_1"> Net Finance Income Expense [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetFinanceIncomeExpenseMember" xlink:to="pbr_NetFinanceIncomeExpenseMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetFinanceIncomeExpenses" xlink:label="pbr_NetFinanceIncomeExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetFinanceIncomeExpenses_lbl" xml:lang="en-US" id="id_14489302_3447705_3_1"> Net Finance Income Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetFinanceIncomeExpenses_lbl" xml:lang="en-US" id="id_14489302_3447705_1_1"> Net Finance Income Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NetFinanceIncomeExpenses_lbl" xml:lang="en-US" id="id_14489302_3447705_2_1"> Net finance income (expense) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_NetFinanceIncomeExpenses_lbl" xml:lang="en-US" id="id_14489302_3447705_6_1"> Net finance income (expense) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_NetFinanceIncomeExpenses_lbl" xml:lang="en-US" id="id_14489302_3447705_12_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetFinanceIncomeExpenses" xlink:to="pbr_NetFinanceIncomeExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetForeignExchangeLossOnEscrowAccountRelatingToClassActionSettlement" xlink:label="pbr_NetForeignExchangeLossOnEscrowAccountRelatingToClassActionSettlement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetForeignExchangeLossOnEscrowAccountRelatingToClassActionSettlement_lbl" xml:lang="en-US" id="id_14489302_3448395_3_1"> Net foreign exchange loss on escrow account relating to class action settlement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetForeignExchangeLossOnEscrowAccountRelatingToClassActionSettlement_lbl" xml:lang="en-US" id="id_14489302_3448395_1_1"> Net foreign exchange loss on escrow account relating to class action settlement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NetForeignExchangeLossOnEscrowAccountRelatingToClassActionSettlement_lbl" xml:lang="en-US" id="id_14489302_3448395_2_1"> Foreign exchange losses on escrow account relating to class action settlement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetForeignExchangeLossOnEscrowAccountRelatingToClassActionSettlement" xlink:to="pbr_NetForeignExchangeLossOnEscrowAccountRelatingToClassActionSettlement_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetGainsLossesOnForeignExchangeAndInflationIndexationCharges" xlink:label="pbr_NetGainsLossesOnForeignExchangeAndInflationIndexationCharges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetGainsLossesOnForeignExchangeAndInflationIndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3463204_3_1"> Net gains losses on foreign exchange and inflation indexation charges. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetGainsLossesOnForeignExchangeAndInflationIndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3463204_1_1"> Net Gains Losses On Foreign Exchange And Inflation Indexation Charges </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NetGainsLossesOnForeignExchangeAndInflationIndexationCharges_lbl" xml:lang="en-US" id="id_14489302_3463204_2_1"> Foreign exchange gains (losses) and inflation indexation charges </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetGainsLossesOnForeignExchangeAndInflationIndexationCharges" xlink:to="pbr_NetGainsLossesOnForeignExchangeAndInflationIndexationCharges_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetIncreaseDecreaseInProvedReserves" xlink:label="pbr_NetIncreaseDecreaseInProvedReserves"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetIncreaseDecreaseInProvedReserves_lbl" xml:lang="en-US" id="id_14489302_3528807_3_1"> Net increase decrease in proved reserves. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetIncreaseDecreaseInProvedReserves_lbl" xml:lang="en-US" id="id_14489302_3528807_1_1"> Net Increase Decrease In Proved Reserves </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NetIncreaseDecreaseInProvedReserves_lbl" xml:lang="en-US" id="id_14489302_3528807_2_1"> Net increase decrease in proved reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetIncreaseDecreaseInProvedReserves" xlink:to="pbr_NetIncreaseDecreaseInProvedReserves_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetInterestCostDefinedBenefitLiabilityAsset" xlink:label="pbr_NetInterestCostDefinedBenefitLiabilityAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetInterestCostDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3466382_3_1"> Net interest cost defined benefit liability asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetInterestCostDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3466382_1_1"> Net interest cost defined benefit liability asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_NetInterestCostDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US" id="id_14489302_3466382_14_1"> Net interest on liabilities / (assets) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetInterestCostDefinedBenefitLiabilityAsset" xlink:to="pbr_NetInterestCostDefinedBenefitLiabilityAsset_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetProceedsFromSaleOfInterestWithLossOfControl" xlink:label="pbr_NetProceedsFromSaleOfInterestWithLossOfControl"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetProceedsFromSaleOfInterestWithLossOfControl_lbl" xml:lang="en-US" id="id_14489302_3553161_3_1"> Net proceeds from sale of interest with loss of control. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetProceedsFromSaleOfInterestWithLossOfControl_lbl" xml:lang="en-US" id="id_14489302_3553161_1_1"> Net proceeds from sale of interest with loss of control </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_NetProceedsFromSaleOfInterestWithLossOfControl_lbl" xml:lang="en-US" id="id_14489302_3553161_6_1"> Net Proceeds </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetProceedsFromSaleOfInterestWithLossOfControl" xlink:to="pbr_NetProceedsFromSaleOfInterestWithLossOfControl_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetProvedDevelopedReservesVolume" xlink:label="pbr_NetProvedDevelopedReservesVolume"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetProvedDevelopedReservesVolume_lbl" xml:lang="en-US" id="id_14489302_3523127_3_1"> Net Proved developed reserves volume. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetProvedDevelopedReservesVolume_lbl" xml:lang="en-US" id="id_14489302_3523127_1_1"> Net Proved Developed Reserves Volume </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NetProvedDevelopedReservesVolume_lbl" xml:lang="en-US" id="id_14489302_3523127_2_1"> Net proved developed reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetProvedDevelopedReservesVolume" xlink:to="pbr_NetProvedDevelopedReservesVolume_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NetProvedUndevelopedReservesVolume" xlink:label="pbr_NetProvedUndevelopedReservesVolume"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NetProvedUndevelopedReservesVolume_lbl" xml:lang="en-US" id="id_14489302_3523094_3_1"> Net proved undeveloped reserves volume. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NetProvedUndevelopedReservesVolume_lbl" xml:lang="en-US" id="id_14489302_3523094_1_1"> Net proved undeveloped reserves volume </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NetProvedUndevelopedReservesVolume_lbl" xml:lang="en-US" id="id_14489302_3523094_2_1"> Net proved developed reserves </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_NetProvedUndevelopedReservesVolume_lbl" xml:lang="en-US" id="id_14489302_3523094_12_1"> Net proved undeveloped reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NetProvedUndevelopedReservesVolume" xlink:to="pbr_NetProvedUndevelopedReservesVolume_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NewDevelopmentBankMember" xlink:label="pbr_NewDevelopmentBankMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NewDevelopmentBankMember_lbl" xml:lang="en-US" id="id_14489302_3540984_3_1"> New Development Bank. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NewDevelopmentBankMember_lbl" xml:lang="en-US" id="id_14489302_3540984_1_1"> New Development Bank [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NewDevelopmentBankMember_lbl" xml:lang="en-US" id="id_14489302_3540984_2_1"> New Development Bank [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NewDevelopmentBankMember" xlink:to="pbr_NewDevelopmentBankMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NewEmployeeCareerAndCompensationPlanMember" xlink:label="pbr_NewEmployeeCareerAndCompensationPlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NewEmployeeCareerAndCompensationPlanMember_lbl" xml:lang="en-US" id="id_14489302_3496435_3_1"> New employee career and compensation plan [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NewEmployeeCareerAndCompensationPlanMember_lbl" xml:lang="en-US" id="id_14489302_3496435_1_1"> New employee career and compensation plan [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NewEmployeeCareerAndCompensationPlanMember_lbl" xml:lang="en-US" id="id_14489302_3496435_2_1"> New employee career and compensation plan [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NewEmployeeCareerAndCompensationPlanMember" xlink:to="pbr_NewEmployeeCareerAndCompensationPlanMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NewIFRSsAxis" xlink:label="ifrs-full_NewIFRSsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NewIFRSsAxis_lbl" xml:lang="en-US" id="id_14489302_3421615_1_1"> New IFRSs [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NewIFRSsAxis_lbl" xml:lang="en-US" id="id_14489302_3421615_2_1"> New IFRSs [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NewIFRSsAxis" xlink:to="ifrs-full_NewIFRSsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NewIFRSsMember" xlink:label="ifrs-full_NewIFRSsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NewIFRSsMember_lbl" xml:lang="en-US" id="id_14489302_3421616_1_1"> New IFRSs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NewIFRSsMember_lbl" xml:lang="en-US" id="id_14489302_3421616_2_1"> New IFRSs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NewIFRSsMember" xlink:to="ifrs-full_NewIFRSsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_NG" xlink:label="country_NG"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_NG_lbl" xml:lang="en-US" id="id_14489302_3422471_1_1"> NIGERIA </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_NG_lbl" xml:lang="en-US" id="id_14489302_3422471_2_1"> NIGERIA [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_NG" xlink:to="country_NG_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NitroclorLtdaMember" xlink:label="pbr_NitroclorLtdaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NitroclorLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487578_3_1"> Nitroclor Ltda. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NitroclorLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487578_1_1"> Nitroclor Ltda. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NitroclorLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487578_2_1"> Nitroclor Ltda. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NitroclorLtdaMember" xlink:to="pbr_NitroclorLtdaMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_NL" xlink:label="country_NL"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_NL_lbl" xml:lang="en-US" id="id_14489302_3421581_1_1"> NETHERLANDS </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_NL_lbl" xml:lang="en-US" id="id_14489302_3421581_2_1"> Netherlands [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_NL" xlink:to="country_NL_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NominalAmountOfHedgingInstrument" xlink:label="ifrs-full_NominalAmountOfHedgingInstrument"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NominalAmountOfHedgingInstrument_lbl" xml:lang="en-US" id="id_14489302_3422326_1_1"> Nominal amount of hedging instrument </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NominalAmountOfHedgingInstrument_lbl" xml:lang="en-US" id="id_14489302_3422326_2_1"> Notional value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NominalAmountOfHedgingInstrument" xlink:to="ifrs-full_NominalAmountOfHedgingInstrument_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NominalDiscountRateDescription" xlink:label="pbr_NominalDiscountRateDescription"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NominalDiscountRateDescription_lbl" xml:lang="en-US" id="id_14489302_3553210_3_1"> Nominal discount rate description </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NominalDiscountRateDescription_lbl" xml:lang="en-US" id="id_14489302_3553210_1_1"> Nominal discount rate description </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NominalDiscountRateDescription_lbl" xml:lang="en-US" id="id_14489302_3553210_2_1"> Nominal discount rate (real rate + inflation)description </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NominalDiscountRateDescription" xlink:to="pbr_NominalDiscountRateDescription_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NominalIncomeTaxesAmount" xlink:label="pbr_NominalIncomeTaxesAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NominalIncomeTaxesAmount_lbl" xml:lang="en-US" id="id_14489302_3450992_3_1"> Nominal income taxes amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NominalIncomeTaxesAmount_lbl" xml:lang="en-US" id="id_14489302_3450992_1_1"> Nominal Income Taxes Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_NominalIncomeTaxesAmount_lbl" xml:lang="en-US" id="id_14489302_3450992_14_1"> Nominal income taxes computed based on Brazilian statutory corporate tax rates (34%) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NominalIncomeTaxesAmount" xlink:to="pbr_NominalIncomeTaxesAmount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl" xml:lang="en-US" id="id_14489302_3421584_1_1"> Non-adjusting events after reporting period [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl" xml:lang="en-US" id="id_14489302_3421584_2_1"> Non-adjusting events after reporting period [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NonadjustingEventsMember" xlink:label="ifrs-full_NonadjustingEventsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonadjustingEventsMember_lbl" xml:lang="en-US" id="id_14489302_3421585_1_1"> Non-adjusting events after reporting period [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NonadjustingEventsMember_lbl" xml:lang="en-US" id="id_14489302_3421585_2_1"> Non-adjusting events after reporting period [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsMember" xlink:to="ifrs-full_NonadjustingEventsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncontrollingInterests" xlink:label="ifrs-full_NoncontrollingInterests"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3421633_1_1"> Non-controlling interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_NoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3421633_32_1"> Non-controllinginterest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3421633_2_1"> Non-controlling interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3421633_12_1"> Non-controlling interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterests" xlink:to="ifrs-full_NoncontrollingInterests_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NonControllingInterestsAbstract" xlink:label="pbr_NonControllingInterestsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NonControllingInterestsAbstract_lbl" xml:lang="en-US" id="id_14489302_3431022_3_1"> Non Controlling Interests [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NonControllingInterestsAbstract_lbl" xml:lang="en-US" id="id_14489302_3431022_1_1"> Non Controlling Interests [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NonControllingInterestsAbstract_lbl" xml:lang="en-US" id="id_14489302_3431022_2_1"> Non Controlling Interests [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NonControllingInterestsAbstract" xlink:to="pbr_NonControllingInterestsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="ifrs-full_NoncontrollingInterestsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncontrollingInterestsMember_lbl" xml:lang="en-US" id="id_14489302_3421587_1_1"> Non-controlling interests [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncontrollingInterestsMember_lbl" xml:lang="en-US" id="id_14489302_3421587_2_1"> Non-controlling interests [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterestsMember" xlink:to="ifrs-full_NoncontrollingInterestsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NoncurrentAdvancesToSuppliers" xlink:label="pbr_NoncurrentAdvancesToSuppliers"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NoncurrentAdvancesToSuppliers_lbl" xml:lang="en-US" id="id_14489302_3456789_3_1"> Non-current advances to suppliers. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NoncurrentAdvancesToSuppliers_lbl" xml:lang="en-US" id="id_14489302_3456789_1_1"> Noncurrent advances to suppliers </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NoncurrentAdvancesToSuppliers_lbl" xml:lang="en-US" id="id_14489302_3456789_2_1"> Advances to suppliers </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NoncurrentAdvancesToSuppliers" xlink:to="pbr_NoncurrentAdvancesToSuppliers_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentAssets" xlink:label="ifrs-full_NoncurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3421635_1_1"> Non-current assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3421635_2_1"> Non-current assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NoncurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3421635_6_1"> Non-current assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssets" xlink:to="ifrs-full_NoncurrentAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentAssetsAbstract" xlink:label="ifrs-full_NoncurrentAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3422476_1_1"> Non-current assets [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3422476_2_1"> Non-current assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssetsAbstract" xlink:to="ifrs-full_NoncurrentAssetsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:label="ifrs-full_NoncurrentAssetsHeldForSaleMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssetsHeldForSaleMember_lbl" xml:lang="en-US" id="id_14489302_3421636_1_1"> Non-current assets held for sale [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentAssetsHeldForSaleMember_lbl" xml:lang="en-US" id="id_14489302_3421636_2_1"> Non-current assets held for sale [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:to="ifrs-full_NoncurrentAssetsHeldForSaleMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_lbl" xml:lang="en-US" id="id_14489302_3422027_1_1"> Non-current assets or disposal groups classified as held for sale or as held for distribution to owners </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_lbl" xml:lang="en-US" id="id_14489302_3422027_2_1"> Assets classified as held for sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners" xlink:to="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NonCurrentAssetsOrNonCurrentLiabilitiesMember" xlink:label="pbr_NonCurrentAssetsOrNonCurrentLiabilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NonCurrentAssetsOrNonCurrentLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3481368_3_1"> Non current assets or non current liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NonCurrentAssetsOrNonCurrentLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3481368_1_1"> Non Current Assets or Non Current Liabilities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NonCurrentAssetsOrNonCurrentLiabilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3481368_2_1"> Non-Current [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NonCurrentAssetsOrNonCurrentLiabilitiesMember" xlink:to="pbr_NonCurrentAssetsOrNonCurrentLiabilitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NonCurrentCivilRelatedDeposits" xlink:label="pbr_NonCurrentCivilRelatedDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NonCurrentCivilRelatedDeposits_lbl" xml:lang="en-US" id="id_14489302_3456111_3_1"> Non-current civil related deposits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NonCurrentCivilRelatedDeposits_lbl" xml:lang="en-US" id="id_14489302_3456111_1_1"> Non current civil related deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NonCurrentCivilRelatedDeposits_lbl" xml:lang="en-US" id="id_14489302_3456111_2_1"> Civil </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NonCurrentCivilRelatedDeposits" xlink:to="pbr_NonCurrentCivilRelatedDeposits_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NonCurrentEnvironmentalRelatedDeposits" xlink:label="pbr_NonCurrentEnvironmentalRelatedDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NonCurrentEnvironmentalRelatedDeposits_lbl" xml:lang="en-US" id="id_14489302_3456095_3_1"> Non-current environmental related deposits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NonCurrentEnvironmentalRelatedDeposits_lbl" xml:lang="en-US" id="id_14489302_3456095_1_1"> Non current environmental related deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NonCurrentEnvironmentalRelatedDeposits_lbl" xml:lang="en-US" id="id_14489302_3456095_2_1"> Environmental </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NonCurrentEnvironmentalRelatedDeposits" xlink:to="pbr_NonCurrentEnvironmentalRelatedDeposits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentFinanceLeaseLiabilities" xlink:label="ifrs-full_NoncurrentFinanceLeaseLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentFinanceLeaseLiabilities_lbl" xml:lang="en-US" id="id_14489302_3422483_1_1"> Non-current finance lease liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentFinanceLeaseLiabilities_lbl" xml:lang="en-US" id="id_14489302_3422483_2_1"> Finance lease obligations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentFinanceLeaseLiabilities" xlink:to="ifrs-full_NoncurrentFinanceLeaseLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NoncurrentJudicialDepositsAssetsAbstract" xlink:label="pbr_NoncurrentJudicialDepositsAssetsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NoncurrentJudicialDepositsAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3432225_3_1"> Non-current judicial deposits (assets) [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NoncurrentJudicialDepositsAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3432225_1_1"> Non-current judicial deposits (assets) [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NoncurrentJudicialDepositsAssetsAbstract_lbl" xml:lang="en-US" id="id_14489302_3432225_2_1"> Non-current judicial deposits (assets) [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NoncurrentJudicialDepositsAssetsAbstract" xlink:to="pbr_NoncurrentJudicialDepositsAssetsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NonCurrentLaborRelatedDeposits" xlink:label="pbr_NonCurrentLaborRelatedDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NonCurrentLaborRelatedDeposits_lbl" xml:lang="en-US" id="id_14489302_3456112_3_1"> Non current labor related deposits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NonCurrentLaborRelatedDeposits_lbl" xml:lang="en-US" id="id_14489302_3456112_1_1"> Non current labor related deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NonCurrentLaborRelatedDeposits_lbl" xml:lang="en-US" id="id_14489302_3456112_2_1"> Labor </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NonCurrentLaborRelatedDeposits" xlink:to="pbr_NonCurrentLaborRelatedDeposits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="ifrs-full_NoncurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3422493_1_1"> Non-current liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3422493_2_1"> Non-current liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NoncurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3422493_6_1"> Non-current liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilities" xlink:to="ifrs-full_NoncurrentLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentLiabilitiesAbstract" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3422334_1_1"> Non-current liabilities [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentLiabilitiesAbstract_lbl" xml:lang="en-US" id="id_14489302_3422334_2_1"> Non-current liabilities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentLiabilitiesAbstract" xlink:to="ifrs-full_NoncurrentLiabilitiesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NonCurrentOtherDeposits" xlink:label="pbr_NonCurrentOtherDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NonCurrentOtherDeposits_lbl" xml:lang="en-US" id="id_14489302_3456096_3_1"> Non-current other deposits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NonCurrentOtherDeposits_lbl" xml:lang="en-US" id="id_14489302_3456096_1_1"> Non current other deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NonCurrentOtherDeposits_lbl" xml:lang="en-US" id="id_14489302_3456096_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NonCurrentOtherDeposits" xlink:to="pbr_NonCurrentOtherDeposits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:label="ifrs-full_NoncurrentProvisionsForEmployeeBenefits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentProvisionsForEmployeeBenefits_lbl" xml:lang="en-US" id="id_14489302_3422044_1_1"> Non-current provisions for employee benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentProvisionsForEmployeeBenefits_lbl" xml:lang="en-US" id="id_14489302_3422044_2_1"> Pension and medical benefits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:to="ifrs-full_NoncurrentProvisionsForEmployeeBenefits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentReceivables" xlink:label="ifrs-full_NoncurrentReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentReceivables_lbl" xml:lang="en-US" id="id_14489302_3421657_1_1"> Trade and other non-current receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentReceivables_lbl" xml:lang="en-US" id="id_14489302_3421657_2_1"> Long-term receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NoncurrentReceivables_lbl" xml:lang="en-US" id="id_14489302_3421657_6_1"> Non-current receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentReceivables_lbl" xml:lang="en-US" id="id_14489302_3421657_12_1"> Non-current receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentReceivables" xlink:to="ifrs-full_NoncurrentReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentReceivablesAbstract" xlink:label="ifrs-full_NoncurrentReceivablesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentReceivablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3422342_1_1"> Trade and other non-current receivables [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentReceivablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3422342_2_1"> Long-term receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentReceivablesAbstract" xlink:to="ifrs-full_NoncurrentReceivablesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:label="ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan_lbl" xml:lang="en-US" id="id_14489302_3422344_1_1"> Non-current net defined benefit liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan_lbl" xml:lang="en-US" id="id_14489302_3422344_2_1"> Non-current </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan" xlink:to="ifrs-full_NoncurrentRecognisedLiabilitiesDefinedBenefitPlan_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NonCurrentTaxRelatedDeposits" xlink:label="pbr_NonCurrentTaxRelatedDeposits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NonCurrentTaxRelatedDeposits_lbl" xml:lang="en-US" id="id_14489302_3456110_3_1"> Non-current tax related deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NonCurrentTaxRelatedDeposits_lbl" xml:lang="en-US" id="id_14489302_3456110_1_1"> Non current tax related deposits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NonCurrentTaxRelatedDeposits_lbl" xml:lang="en-US" id="id_14489302_3456110_2_1"> Tax </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NonCurrentTaxRelatedDeposits" xlink:to="pbr_NonCurrentTaxRelatedDeposits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NoncurrentTradeReceivables" xlink:label="ifrs-full_NoncurrentTradeReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3422345_1_1"> Non-current trade receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3422345_2_1"> Non-current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncurrentTradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3422345_12_1"> Trade and other receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentTradeReceivables" xlink:to="ifrs-full_NoncurrentTradeReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NonDeliverableForwardMember" xlink:label="pbr_NonDeliverableForwardMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NonDeliverableForwardMember_lbl" xml:lang="en-US" id="id_14489302_3500689_3_1"> Non deliverable forward. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NonDeliverableForwardMember_lbl" xml:lang="en-US" id="id_14489302_3500689_1_1"> Non Deliverable Forward [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NonDeliverableForwardMember_lbl" xml:lang="en-US" id="id_14489302_3500689_2_1"> Non Deliverable Forward [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NonDeliverableForwardMember" xlink:to="pbr_NonDeliverableForwardMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NonDerivativeFinancialInstrumentsMember" xlink:label="pbr_NonDerivativeFinancialInstrumentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NonDerivativeFinancialInstrumentsMember_lbl" xml:lang="en-US" id="id_14489302_3487791_3_1"> Non derivative financial instruments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NonDerivativeFinancialInstrumentsMember_lbl" xml:lang="en-US" id="id_14489302_3487791_1_1"> Nonderivative Financial Instruments [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NonDerivativeFinancialInstrumentsMember_lbl" xml:lang="en-US" id="id_14489302_3487791_2_1"> Non-derivative financial instruments (debt: principal and interest) [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NonDerivativeFinancialInstrumentsMember" xlink:to="pbr_NonDerivativeFinancialInstrumentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NonlifeInsuranceContractsMember" xlink:label="ifrs-full_NonlifeInsuranceContractsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonlifeInsuranceContractsMember_lbl" xml:lang="en-US" id="id_14489302_3421663_1_1"> Non-life insurance contracts [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NonlifeInsuranceContractsMember_lbl" xml:lang="en-US" id="id_14489302_3421663_2_1"> Non-life insurance contracts [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonlifeInsuranceContractsMember" xlink:to="ifrs-full_NonlifeInsuranceContractsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NonTaxableIncome" xlink:label="pbr_NonTaxableIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NonTaxableIncome_lbl" xml:lang="en-US" id="id_14489302_3529181_3_1"> Non taxable income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NonTaxableIncome_lbl" xml:lang="en-US" id="id_14489302_3529181_1_1"> Non Taxable Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NonTaxableIncome_lbl" xml:lang="en-US" id="id_14489302_3529181_2_1"> Non-taxable income (non-deductible expenses), net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NonTaxableIncome" xlink:to="pbr_NonTaxableIncome_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NonTaxDebtsSettlementProgramPRDMember" xlink:label="pbr_NonTaxDebtsSettlementProgramPRDMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NonTaxDebtsSettlementProgramPRDMember_lbl" xml:lang="en-US" id="id_14489302_3510309_3_1"> Non -tax debts settlement program. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NonTaxDebtsSettlementProgramPRDMember_lbl" xml:lang="en-US" id="id_14489302_3510309_1_1"> Non -Tax Debts Settlement Program - PRD [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NonTaxDebtsSettlementProgramPRDMember_lbl" xml:lang="en-US" id="id_14489302_3510309_2_1"> Non -tax debts settlement program - PRD [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NonTaxDebtsSettlementProgramPRDMember" xlink:to="pbr_NonTaxDebtsSettlementProgramPRDMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_NorthAmericaMember" xlink:label="srt_NorthAmericaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_NorthAmericaMember_lbl" xml:lang="en-US" id="id_14489302_3422348_1_1"> North America [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_NorthAmericaMember_lbl" xml:lang="en-US" id="id_14489302_3422348_2_1"> North America [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_NorthAmericaMember" xlink:to="srt_NorthAmericaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NorthGroupMember" xlink:label="pbr_NorthGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NorthGroupMember_lbl" xml:lang="en-US" id="id_14489302_3487685_3_1"> North Group. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NorthGroupMember_lbl" xml:lang="en-US" id="id_14489302_3487685_1_1"> North Group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NorthGroupMember_lbl" xml:lang="en-US" id="id_14489302_3487685_2_1"> North Group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NorthGroupMember" xlink:to="pbr_NorthGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NotionalAmount" xlink:label="ifrs-full_NotionalAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US" id="id_14489302_3421667_1_1"> Notional amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US" id="id_14489302_3421667_2_1"> Notional amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotionalAmount" xlink:to="ifrs-full_NotionalAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NotLaterThanFiveYearMember" xlink:label="pbr_NotLaterThanFiveYearMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NotLaterThanFiveYearMember_lbl" xml:lang="en-US" id="id_14489302_3477139_3_1"> Not later than five year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NotLaterThanFiveYearMember_lbl" xml:lang="en-US" id="id_14489302_3477139_1_1"> Not Later Than Five Year [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NotLaterThanFiveYearMember_lbl" xml:lang="en-US" id="id_14489302_3477139_2_1"> 5 years or less [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NotLaterThanFiveYearMember" xlink:to="pbr_NotLaterThanFiveYearMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="ifrs-full_NotLaterThanOneYearMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US" id="id_14489302_3422054_1_1"> Not later than one year [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US" id="id_14489302_3422054_2_1"> Not later than one year [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanOneYearMember" xlink:to="ifrs-full_NotLaterThanOneYearMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NotLaterThanThreeMonthsMember" xlink:label="ifrs-full_NotLaterThanThreeMonthsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotLaterThanThreeMonthsMember_lbl" xml:lang="en-US" id="id_14489302_3422506_1_1"> Not later than three months [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotLaterThanThreeMonthsMember_lbl" xml:lang="en-US" id="id_14489302_3422506_2_1"> Not later than three months [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanThreeMonthsMember" xlink:to="ifrs-full_NotLaterThanThreeMonthsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NovaFronteiraBioenergiaSAMember" xlink:label="pbr_NovaFronteiraBioenergiaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NovaFronteiraBioenergiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3492074_3_1"> Nova Fronteira Bioenergia S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NovaFronteiraBioenergiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3492074_1_1"> Nova fronteira bioenergia S- A- [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NovaFronteiraBioenergiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3492074_2_1"> Nova Fronteira Bioenergia S. A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NovaFronteiraBioenergiaSAMember" xlink:to="pbr_NovaFronteiraBioenergiaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NovaFronteiraBionergiaMember" xlink:label="pbr_NovaFronteiraBionergiaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NovaFronteiraBionergiaMember_lbl" xml:lang="en-US" id="id_14489302_3487518_3_1"> Nova Fronteira Bionergia [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NovaFronteiraBionergiaMember_lbl" xml:lang="en-US" id="id_14489302_3487518_1_1"> Nova Fronteira Bionergia [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NovaFronteiraBionergiaMember_lbl" xml:lang="en-US" id="id_14489302_3487518_2_1"> Nova Fronteira Bionergia [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NovaFronteiraBionergiaMember" xlink:to="pbr_NovaFronteiraBionergiaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NovaFronteiraSaMember" xlink:label="pbr_NovaFronteiraSaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NovaFronteiraSaMember_lbl" xml:lang="en-US" id="id_14489302_3491729_3_1"> Nova Fronteira SA. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NovaFronteiraSaMember_lbl" xml:lang="en-US" id="id_14489302_3491729_1_1"> Nova Fronteira SA [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NovaFronteiraSaMember_lbl" xml:lang="en-US" id="id_14489302_3491729_2_1"> Nova Fronteira SA [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NovaFronteiraSaMember" xlink:to="pbr_NovaFronteiraSaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NovaTransportadoraDoSudesteMember" xlink:label="pbr_NovaTransportadoraDoSudesteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NovaTransportadoraDoSudesteMember_lbl" xml:lang="en-US" id="id_14489302_3491853_3_1"> Nova Transportadora do Sudeste. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NovaTransportadoraDoSudesteMember_lbl" xml:lang="en-US" id="id_14489302_3491853_1_1"> Nova Transportadora Do Sudeste [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NovaTransportadoraDoSudesteMember_lbl" xml:lang="en-US" id="id_14489302_3491853_2_1"> NTS [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NovaTransportadoraDoSudesteMember" xlink:to="pbr_NovaTransportadoraDoSudesteMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NovaTransportadoraDoSudesteSANTSMember" xlink:label="pbr_NovaTransportadoraDoSudesteSANTSMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NovaTransportadoraDoSudesteSANTSMember_lbl" xml:lang="en-US" id="id_14489302_3487509_3_1"> Nova Transportadora do Sudeste S.A.-NTS. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NovaTransportadoraDoSudesteSANTSMember_lbl" xml:lang="en-US" id="id_14489302_3487509_1_1"> Nova Transportadora do Sudeste S.A.-NTS [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NovaTransportadoraDoSudesteSANTSMember_lbl" xml:lang="en-US" id="id_14489302_3487509_2_1"> Nova Transportadora do Sudeste S.A.-NTS [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NovaTransportadoraDoSudesteSANTSMember" xlink:to="pbr_NovaTransportadoraDoSudesteSANTSMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfBanksInSyndicate" xlink:label="pbr_NumberOfBanksInSyndicate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfBanksInSyndicate_lbl" xml:lang="en-US" id="id_14489302_3432617_3_1"> Number of banks in syndicate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfBanksInSyndicate_lbl" xml:lang="en-US" id="id_14489302_3432617_1_1"> Number of banks in syndicate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfBanksInSyndicate_lbl" xml:lang="en-US" id="id_14489302_3432617_2_1"> Number of banks in syndicate </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfBanksInSyndicate" xlink:to="pbr_NumberOfBanksInSyndicate_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfBarrelsIncorporatedOfProvedReserves" xlink:label="pbr_NumberOfBarrelsIncorporatedOfProvedReserves"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfBarrelsIncorporatedOfProvedReserves_lbl" xml:lang="en-US" id="id_14489302_3528854_3_1"> Number Of Barrels Incorporated Of Proved Reserves </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfBarrelsIncorporatedOfProvedReserves_lbl" xml:lang="en-US" id="id_14489302_3528854_1_1"> Number Of Barrels Incorporated Of Proved Reserves </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfBarrelsIncorporatedOfProvedReserves_lbl" xml:lang="en-US" id="id_14489302_3528854_2_1"> Number of barrels of proved reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfBarrelsIncorporatedOfProvedReserves" xlink:to="pbr_NumberOfBarrelsIncorporatedOfProvedReserves_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfBarrelsIncorporatedOfProvedReservesFromExtensionAndDiscoveries" xlink:label="pbr_NumberOfBarrelsIncorporatedOfProvedReservesFromExtensionAndDiscoveries"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfBarrelsIncorporatedOfProvedReservesFromExtensionAndDiscoveries_lbl" xml:lang="en-US" id="id_14489302_3528839_3_1"> Number of barrels incorporated of proved reserves from extension and discoveries. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfBarrelsIncorporatedOfProvedReservesFromExtensionAndDiscoveries_lbl" xml:lang="en-US" id="id_14489302_3528839_1_1"> Number of Barrels Incorporated of Proved Reserves from Extension and Discoveries </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfBarrelsIncorporatedOfProvedReservesFromExtensionAndDiscoveries_lbl" xml:lang="en-US" id="id_14489302_3528839_2_1"> Incorporation of proved reserves from extensions and discoveries </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfBarrelsIncorporatedOfProvedReservesFromExtensionAndDiscoveries" xlink:to="pbr_NumberOfBarrelsIncorporatedOfProvedReservesFromExtensionAndDiscoveries_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfBarrelsOfCrudeOilProduced" xlink:label="pbr_NumberOfBarrelsOfCrudeOilProduced"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfBarrelsOfCrudeOilProduced_lbl" xml:lang="en-US" id="id_14489302_3471665_3_1"> Number Of Barrels Of Crude Oil Produced </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfBarrelsOfCrudeOilProduced_lbl" xml:lang="en-US" id="id_14489302_3471665_1_1"> Number Of Barrels Of Crude Oil Produced </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfBarrelsOfCrudeOilProduced_lbl" xml:lang="en-US" id="id_14489302_3471665_2_1"> Number of oil production foreseen </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfBarrelsOfCrudeOilProduced" xlink:to="pbr_NumberOfBarrelsOfCrudeOilProduced_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfBarrelsOfOilEquivalentAdded" xlink:label="pbr_NumberOfBarrelsOfOilEquivalentAdded"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfBarrelsOfOilEquivalentAdded_lbl" xml:lang="en-US" id="id_14489302_3528809_3_1"> Number of barrels of oil equivalent added. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfBarrelsOfOilEquivalentAdded_lbl" xml:lang="en-US" id="id_14489302_3528809_1_1"> Number Of Barrels Of Oil Equivalent Added </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfBarrelsOfOilEquivalentAdded_lbl" xml:lang="en-US" id="id_14489302_3528809_2_1"> Oil barrels added to proved reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfBarrelsOfOilEquivalentAdded" xlink:to="pbr_NumberOfBarrelsOfOilEquivalentAdded_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfBlocks" xlink:label="pbr_NumberOfBlocks"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfBlocks_lbl" xml:lang="en-US" id="id_14489302_3471689_3_1"> Number of blocks. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfBlocks_lbl" xml:lang="en-US" id="id_14489302_3471689_1_1"> Number Of Blocks </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfBlocks_lbl" xml:lang="en-US" id="id_14489302_3471689_2_1"> Number of blocks </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfBlocks" xlink:to="pbr_NumberOfBlocks_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfCriminalProceedingsRelatedToInterestedParty" xlink:label="pbr_NumberOfCriminalProceedingsRelatedToInterestedParty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfCriminalProceedingsRelatedToInterestedParty_lbl" xml:lang="en-US" id="id_14489302_3471270_3_1"> Number of criminal proceedings related to interested party. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfCriminalProceedingsRelatedToInterestedParty_lbl" xml:lang="en-US" id="id_14489302_3471270_1_1"> Number of criminal proceedings related to interested party </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfCriminalProceedingsRelatedToInterestedParty_lbl" xml:lang="en-US" id="id_14489302_3471270_2_1"> Number of criminal proceedings as an interested party </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfCriminalProceedingsRelatedToInterestedParty" xlink:to="pbr_NumberOfCriminalProceedingsRelatedToInterestedParty_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfCriminalProceedingsRelatedToProsecutor" xlink:label="pbr_NumberOfCriminalProceedingsRelatedToProsecutor"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfCriminalProceedingsRelatedToProsecutor_lbl" xml:lang="en-US" id="id_14489302_3471268_3_1"> Number of criminal proceedings related to prosecutor. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfCriminalProceedingsRelatedToProsecutor_lbl" xml:lang="en-US" id="id_14489302_3471268_1_1"> Number of criminal proceedings related to prosecutor </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfCriminalProceedingsRelatedToProsecutor_lbl" xml:lang="en-US" id="id_14489302_3471268_2_1"> Number of criminal proceedings as an assistant to the prosecutor </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfCriminalProceedingsRelatedToProsecutor" xlink:to="pbr_NumberOfCriminalProceedingsRelatedToProsecutor_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfCustomersWithSalesRepresentingTenPercentageOrMoreOfRevenues" xlink:label="pbr_NumberOfCustomersWithSalesRepresentingTenPercentageOrMoreOfRevenues"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfCustomersWithSalesRepresentingTenPercentageOrMoreOfRevenues_lbl" xml:lang="en-US" id="id_14489302_3471749_3_1"> Number of customers with sales representing ten percentage or more of revenues. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfCustomersWithSalesRepresentingTenPercentageOrMoreOfRevenues_lbl" xml:lang="en-US" id="id_14489302_3471749_1_1"> Number of customers with sales representing Ten Percentage or more of revenues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfCustomersWithSalesRepresentingTenPercentageOrMoreOfRevenues_lbl" xml:lang="en-US" id="id_14489302_3471749_2_1"> Number of customers with 10% or more of sales revenue </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfCustomersWithSalesRepresentingTenPercentageOrMoreOfRevenues" xlink:to="pbr_NumberOfCustomersWithSalesRepresentingTenPercentageOrMoreOfRevenues_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NumberOfEmployees" xlink:label="ifrs-full_NumberOfEmployees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfEmployees_lbl" xml:lang="en-US" id="id_14489302_3422055_1_1"> Number of employees </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfEmployees_lbl" xml:lang="en-US" id="id_14489302_3422055_2_1"> Number of employees joined the plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfEmployees" xlink:to="ifrs-full_NumberOfEmployees_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfExclusive" xlink:label="pbr_NumberOfExclusive"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfExclusive_lbl" xml:lang="en-US" id="id_14489302_4062042_3_1"> Number of Exclusive </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfExclusive_lbl" xml:lang="en-US" id="id_14489302_4062042_1_1"> Number of Exclusive </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfExclusive_lbl" xml:lang="en-US" id="id_14489302_4062042_2_1"> Exploratory phase, Exclusive </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfExclusive" xlink:to="pbr_NumberOfExclusive_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfFields" xlink:label="pbr_NumberOfFields"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfFields_lbl" xml:lang="en-US" id="id_14489302_3471782_3_1"> Number of fields. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfFields_lbl" xml:lang="en-US" id="id_14489302_3471782_1_1"> Number of fields </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfFields_lbl" xml:lang="en-US" id="id_14489302_3471782_2_1"> Number of fields </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfFields" xlink:to="pbr_NumberOfFields_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfLawsuitsFiled" xlink:label="pbr_NumberOfLawsuitsFiled"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfLawsuitsFiled_lbl" xml:lang="en-US" id="id_14489302_3432349_3_1"> Number of lawsuits filed. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfLawsuitsFiled_lbl" xml:lang="en-US" id="id_14489302_3432349_1_1"> Number of lawsuits filed </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfLawsuitsFiled_lbl" xml:lang="en-US" id="id_14489302_3432349_2_1"> Number of lawsuits filed </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfLawsuitsFiled" xlink:to="pbr_NumberOfLawsuitsFiled_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfOnshoreProducingFieldsForSale" xlink:label="pbr_NumberOfOnshoreProducingFieldsForSale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfOnshoreProducingFieldsForSale_lbl" xml:lang="en-US" id="id_14489302_3553121_3_1"> Number of onshore producing fields for sale. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfOnshoreProducingFieldsForSale_lbl" xml:lang="en-US" id="id_14489302_3553121_1_1"> Number of Onshore Producing Fields for Sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfOnshoreProducingFieldsForSale_lbl" xml:lang="en-US" id="id_14489302_3553121_2_1"> Number of onshore producing fields for sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfOnshoreProducingFieldsForSale" xlink:to="pbr_NumberOfOnshoreProducingFieldsForSale_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfOperatingProductionSystems" xlink:label="pbr_NumberOfOperatingProductionSystems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfOperatingProductionSystems_lbl" xml:lang="en-US" id="id_14489302_3553092_3_1"> Number of operating production systems. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfOperatingProductionSystems_lbl" xml:lang="en-US" id="id_14489302_3553092_1_1"> Number of operating production systems </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfOperatingProductionSystems_lbl" xml:lang="en-US" id="id_14489302_3553092_2_1"> Number of operating production systems </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfOperatingProductionSystems" xlink:to="pbr_NumberOfOperatingProductionSystems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfPartnership" xlink:label="pbr_NumberOfPartnership"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfPartnership_lbl" xml:lang="en-US" id="id_14489302_3553119_3_1"> Number of partnership. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfPartnership_lbl" xml:lang="en-US" id="id_14489302_3553119_1_1"> Number of partnership </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfPartnership_lbl" xml:lang="en-US" id="id_14489302_3553119_2_1"> Exploratory phase, Partnership </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfPartnership" xlink:to="pbr_NumberOfPartnership_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfPublicCivilSuits" xlink:label="pbr_NumberOfPublicCivilSuits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfPublicCivilSuits_lbl" xml:lang="en-US" id="id_14489302_3471272_3_1"> Number of public civil suits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfPublicCivilSuits_lbl" xml:lang="en-US" id="id_14489302_3471272_1_1"> Number of public civil suits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfPublicCivilSuits_lbl" xml:lang="en-US" id="id_14489302_3471272_2_1"> Number of public civil suits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfPublicCivilSuits" xlink:to="pbr_NumberOfPublicCivilSuits_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NumberOfSharesIssued" xlink:label="ifrs-full_NumberOfSharesIssued"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesIssued_lbl" xml:lang="en-US" id="id_14489302_3422510_1_1"> Number of shares issued </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfSharesIssued_lbl" xml:lang="en-US" id="id_14489302_3422510_2_1"> Sale of shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssued" xlink:to="ifrs-full_NumberOfSharesIssued_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_NumberOfSharesOutstanding" xlink:label="ifrs-full_NumberOfSharesOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xml:lang="en-US" id="id_14489302_3422357_1_1"> Number of shares outstanding </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xml:lang="en-US" id="id_14489302_3422357_2_1"> Shares outstanding </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesOutstanding" xlink:to="ifrs-full_NumberOfSharesOutstanding_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfWells" xlink:label="pbr_NumberOfWells"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfWells_lbl" xml:lang="en-US" id="id_14489302_3471527_3_1"> Number of wells. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfWells_lbl" xml:lang="en-US" id="id_14489302_3471527_1_1"> Number of wells </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfWells_lbl" xml:lang="en-US" id="id_14489302_3471527_2_1"> Number of wells </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfWells" xlink:to="pbr_NumberOfWells_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_NumberOfWellsInProcessOfExploratoryDrilling" xlink:label="pbr_NumberOfWellsInProcessOfExploratoryDrilling"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_NumberOfWellsInProcessOfExploratoryDrilling_lbl" xml:lang="en-US" id="id_14489302_3432375_3_1"> Number of wells in process of exploratory drilling. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_NumberOfWellsInProcessOfExploratoryDrilling_lbl" xml:lang="en-US" id="id_14489302_3432375_1_1"> Number of wells in process of exploratory drilling </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_NumberOfWellsInProcessOfExploratoryDrilling_lbl" xml:lang="en-US" id="id_14489302_3432375_2_1"> Number of projects relating to exploratory well costs capitalized for a period greater than one year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_NumberOfWellsInProcessOfExploratoryDrilling" xlink:to="pbr_NumberOfWellsInProcessOfExploratoryDrilling_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OfferingAmount" xlink:label="pbr_OfferingAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OfferingAmount_lbl" xml:lang="en-US" id="id_14489302_3914259_3_1"> Offering amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OfferingAmount_lbl" xml:lang="en-US" id="id_14489302_3914259_1_1"> Offering amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OfferingAmount_lbl" xml:lang="en-US" id="id_14489302_3914259_2_1"> Offering amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OfferingAmount" xlink:to="pbr_OfferingAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OfficersMember" xlink:label="pbr_OfficersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OfficersMember_lbl" xml:lang="en-US" id="id_14489302_3492053_3_1"> Officers. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OfficersMember_lbl" xml:lang="en-US" id="id_14489302_3492053_1_1"> Officers [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OfficersMember_lbl" xml:lang="en-US" id="id_14489302_3492053_2_1"> Officers [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OfficersMember" xlink:to="pbr_OfficersMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OilAndGasAssets" xlink:label="ifrs-full_OilAndGasAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OilAndGasAssets_lbl" xml:lang="en-US" id="id_14489302_3422516_1_1"> Oil and gas assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OilAndGasAssets_lbl" xml:lang="en-US" id="id_14489302_3422516_2_1"> Carrying amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OilAndGasAssets" xlink:to="ifrs-full_OilAndGasAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OilAndGasExplorationCostsMember" xlink:label="pbr_OilAndGasExplorationCostsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OilAndGasExplorationCostsMember_lbl" xml:lang="en-US" id="id_14489302_3487024_3_1"> Oil and gas exploration costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OilAndGasExplorationCostsMember_lbl" xml:lang="en-US" id="id_14489302_3487024_1_1"> Oil And Gas Exploration Costs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OilAndGasExplorationCostsMember_lbl" xml:lang="en-US" id="id_14489302_3487024_2_1"> Oil and gas exploration costs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OilAndGasExplorationCostsMember" xlink:to="pbr_OilAndGasExplorationCostsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OilAndGasProducingActivitiesMember" xlink:label="pbr_OilAndGasProducingActivitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OilAndGasProducingActivitiesMember_lbl" xml:lang="en-US" id="id_14489302_3486723_3_1"> Oil and gas producing activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OilAndGasProducingActivitiesMember_lbl" xml:lang="en-US" id="id_14489302_3486723_1_1"> Oil And Gas Producing Activities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OilAndGasProducingActivitiesMember_lbl" xml:lang="en-US" id="id_14489302_3486723_2_1"> Oil and Gas Producing Activities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OilAndGasProducingActivitiesMember" xlink:to="pbr_OilAndGasProducingActivitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OilAndGasProducingPropertiesAbroadMember" xlink:label="pbr_OilAndGasProducingPropertiesAbroadMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OilAndGasProducingPropertiesAbroadMember_lbl" xml:lang="en-US" id="id_14489302_3492028_3_1"> Oil and gas producing properties abroad. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OilAndGasProducingPropertiesAbroadMember_lbl" xml:lang="en-US" id="id_14489302_3492028_1_1"> Oil and gas producing properties abroad [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OilAndGasProducingPropertiesAbroadMember_lbl" xml:lang="en-US" id="id_14489302_3492028_2_1"> Oil and gas producing properties abroad [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OilAndGasProducingPropertiesAbroadMember" xlink:to="pbr_OilAndGasProducingPropertiesAbroadMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OilAndGasProductionAndDrillingEquipmentInBrazilMember" xlink:label="pbr_OilAndGasProductionAndDrillingEquipmentInBrazilMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OilAndGasProductionAndDrillingEquipmentInBrazilMember_lbl" xml:lang="en-US" id="id_14489302_3491948_3_1"> Oil and gas production and drilling equipment in Brazil. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OilAndGasProductionAndDrillingEquipmentInBrazilMember_lbl" xml:lang="en-US" id="id_14489302_3491948_1_1"> Oil and gas production and drilling equipment in brazil [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OilAndGasProductionAndDrillingEquipmentInBrazilMember_lbl" xml:lang="en-US" id="id_14489302_3491948_2_1"> Oil and gas production and drilling equipment in brazil [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OilAndGasProductionAndDrillingEquipmentInBrazilMember" xlink:to="pbr_OilAndGasProductionAndDrillingEquipmentInBrazilMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OilAndNaturalGasLiquidsMember" xlink:label="pbr_OilAndNaturalGasLiquidsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OilAndNaturalGasLiquidsMember_lbl" xml:lang="en-US" id="id_14489302_3504420_3_1"> Oil And Natural Gas Liquids [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OilAndNaturalGasLiquidsMember_lbl" xml:lang="en-US" id="id_14489302_3504420_1_1"> Oil And Natural Gas Liquids [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OilAndNaturalGasLiquidsMember_lbl" xml:lang="en-US" id="id_14489302_3504420_2_1"> Oil And Natural Gas Liquids [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OilAndNaturalGasLiquidsMember" xlink:to="pbr_OilAndNaturalGasLiquidsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OilProductsMember" xlink:label="pbr_OilProductsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OilProductsMember_lbl" xml:lang="en-US" id="id_14489302_3494864_3_1"> Oil products. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OilProductsMember_lbl" xml:lang="en-US" id="id_14489302_3494864_1_1"> Oil Products [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OilProductsMember_lbl" xml:lang="en-US" id="id_14489302_3494864_2_1"> Oil products [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OilProductsMember" xlink:to="pbr_OilProductsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_OilReservesMember" xlink:label="srt_OilReservesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_OilReservesMember_lbl" xml:lang="en-US" id="id_14489302_3422517_1_1"> Oil [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_OilReservesMember_lbl" xml:lang="en-US" id="id_14489302_3422517_2_1"> Crude Oil Reserves [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_OilReservesMember" xlink:to="srt_OilReservesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OperatingAssetsMember" xlink:label="pbr_OperatingAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OperatingAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3487790_3_1"> Operating assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OperatingAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3487790_1_1"> Operating Assets [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OperatingAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3487790_2_1"> Operating assets [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OperatingAssetsMember" xlink:to="pbr_OperatingAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OperatingExpenseExcludingCostOfSalesNet" xlink:label="pbr_OperatingExpenseExcludingCostOfSalesNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OperatingExpenseExcludingCostOfSalesNet_lbl" xml:lang="en-US" id="id_14489302_3556767_3_1"> Operating expense excluding cost of sales net. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OperatingExpenseExcludingCostOfSalesNet_lbl" xml:lang="en-US" id="id_14489302_3556767_1_1"> Operating expense excluding cost of sales net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_OperatingExpenseExcludingCostOfSalesNet_lbl" xml:lang="en-US" id="id_14489302_3556767_14_1"> Income (expenses) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="pbr_OperatingExpenseExcludingCostOfSalesNet_lbl" xml:lang="en-US" id="id_14489302_3556767_19_1"> Loss from operation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OperatingExpenseExcludingCostOfSalesNet" xlink:to="pbr_OperatingExpenseExcludingCostOfSalesNet_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OperatingExpenseMember" xlink:label="pbr_OperatingExpenseMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OperatingExpenseMember_lbl" xml:lang="en-US" id="id_14489302_3537613_3_1"> Operating expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OperatingExpenseMember_lbl" xml:lang="en-US" id="id_14489302_3537613_1_1"> Operating expense [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OperatingExpenseMember_lbl" xml:lang="en-US" id="id_14489302_3537613_2_1"> Operating expense [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OperatingExpenseMember" xlink:to="pbr_OperatingExpenseMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OperatingExpensesWithThermoelectricPowerPlants" xlink:label="pbr_OperatingExpensesWithThermoelectricPowerPlants"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OperatingExpensesWithThermoelectricPowerPlants_lbl" xml:lang="en-US" id="id_14489302_3456069_3_1"> Operating expenses with thermoelectric power plants. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OperatingExpensesWithThermoelectricPowerPlants_lbl" xml:lang="en-US" id="id_14489302_3456069_1_1"> Operating Expenses With Thermoelectric Power Plants </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OperatingExpensesWithThermoelectricPowerPlants_lbl" xml:lang="en-US" id="id_14489302_3456069_2_1"> Operating expenses with thermoelectric power plants </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OperatingExpensesWithThermoelectricPowerPlants" xlink:to="pbr_OperatingExpensesWithThermoelectricPowerPlants_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OperatingIncomeExpenseAbstract" xlink:label="pbr_OperatingIncomeExpenseAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OperatingIncomeExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3430501_3_1"> Operating income expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OperatingIncomeExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3430501_1_1"> Operating Income Expense [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OperatingIncomeExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3430501_2_1"> Income (expenses) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OperatingIncomeExpenseAbstract" xlink:to="pbr_OperatingIncomeExpenseAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OperatingSegmentsMember" xlink:label="ifrs-full_OperatingSegmentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OperatingSegmentsMember_lbl" xml:lang="en-US" id="id_14489302_3422370_1_1"> Operating segments [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OperatingSegmentsMember_lbl" xml:lang="en-US" id="id_14489302_3422370_2_1"> Operating segments [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OperatingSegmentsMember" xlink:to="ifrs-full_OperatingSegmentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OrdinarySharesMember" xlink:label="ifrs-full_OrdinarySharesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OrdinarySharesMember_lbl" xml:lang="en-US" id="id_14489302_3422519_1_1"> Ordinary shares [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OrdinarySharesMember_lbl" xml:lang="en-US" id="id_14489302_3422519_2_1"> Common Shares [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OrdinarySharesMember" xlink:to="ifrs-full_OrdinarySharesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets" xlink:label="ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3422521_1_1"> Other assets, amount contributed to fair value of plan assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3422521_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets" xlink:to="ifrs-full_OtherAssetsAmountContributedToFairValueOfPlanAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherAssociatesAndJointVenturesMember" xlink:label="pbr_OtherAssociatesAndJointVenturesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherAssociatesAndJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3491973_3_1"> Other associates and joint ventures. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherAssociatesAndJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3491973_1_1"> Other associates and joint ventures [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherAssociatesAndJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3491973_2_1"> Other Associates and Joint Ventures [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherAssociatesAndJointVenturesMember" xlink:to="pbr_OtherAssociatesAndJointVenturesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherAssociatesMember" xlink:label="pbr_OtherAssociatesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherAssociatesMember_lbl" xml:lang="en-US" id="id_14489302_3501771_3_1"> Other Associates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherAssociatesMember_lbl" xml:lang="en-US" id="id_14489302_3501771_1_1"> Other Associates [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherAssociatesMember_lbl" xml:lang="en-US" id="id_14489302_3501771_2_1"> Other Associates [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherAssociatesMember" xlink:to="pbr_OtherAssociatesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherCashFlowHedgesAbstract" xlink:label="pbr_OtherCashFlowHedgesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherCashFlowHedgesAbstract_lbl" xml:lang="en-US" id="id_14489302_3431773_3_1"> Other Cash Flow Hedges [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherCashFlowHedgesAbstract_lbl" xml:lang="en-US" id="id_14489302_3431773_1_1"> Other Cash Flow Hedges [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherCashFlowHedgesAbstract_lbl" xml:lang="en-US" id="id_14489302_3431773_2_1"> Unrealized gains (losses) on cash flow hedge - others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherCashFlowHedgesAbstract" xlink:to="pbr_OtherCashFlowHedgesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:label="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_14489302_3422523_1_1"> Other cash payments to acquire interests in joint ventures, classified as investing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_14489302_3422523_2_1"> Amount invested in joint venture </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:to="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherClaimsMember" xlink:label="pbr_OtherClaimsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherClaimsMember_lbl" xml:lang="en-US" id="id_14489302_3491251_3_1"> Other claims. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherClaimsMember_lbl" xml:lang="en-US" id="id_14489302_3491251_1_1"> Other claims [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherClaimsMember_lbl" xml:lang="en-US" id="id_14489302_3491251_2_1"> Other claims [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherClaimsMember" xlink:to="pbr_OtherClaimsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherCompaniesAbroadMember" xlink:label="pbr_OtherCompaniesAbroadMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherCompaniesAbroadMember_lbl" xml:lang="en-US" id="id_14489302_3487525_3_1"> Other companies abroad. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherCompaniesAbroadMember_lbl" xml:lang="en-US" id="id_14489302_3487525_1_1"> Other Companies Abroad [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherCompaniesAbroadMember_lbl" xml:lang="en-US" id="id_14489302_3487525_2_1"> Other companies abroad [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherCompaniesAbroadMember" xlink:to="pbr_OtherCompaniesAbroadMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="ifrs-full_OtherComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3422081_1_1"> Other comprehensive income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3422081_2_1"> Other comprehensive income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3422081_6_1"> Total other comprehensive income: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncome" xlink:to="ifrs-full_OtherComprehensiveIncome_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3421711_1_1"> Other comprehensive income, before tax, gains (losses) on remeasurements of defined benefit plans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3421711_2_1"> Actuarial gains (losses) on post-employment defined benefit plans </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherComprehensiveIncomeInvestments" xlink:label="pbr_OtherComprehensiveIncomeInvestments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherComprehensiveIncomeInvestments_lbl" xml:lang="en-US" id="id_14489302_3466361_3_1"> Other comprehensive income investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherComprehensiveIncomeInvestments_lbl" xml:lang="en-US" id="id_14489302_3466361_1_1"> Other comprehensive income investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_OtherComprehensiveIncomeInvestments_lbl" xml:lang="en-US" id="id_14489302_3466361_14_1"> OCI </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherComprehensiveIncomeInvestments" xlink:to="pbr_OtherComprehensiveIncomeInvestments_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_lbl" xml:lang="en-US" id="id_14489302_3422532_1_1"> Other comprehensive income, net of tax, cash flow hedges </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_lbl" xml:lang="en-US" id="id_14489302_3422532_6_1"> Unrealized gains / (losses) on cash flow hedge-highly probable future exports, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxCashFlowHedges_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl" xml:lang="en-US" id="id_14489302_3422537_1_1"> Other comprehensive income, net of tax, exchange differences on translation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl" xml:lang="en-US" id="id_14489302_3422537_2_1"> Cumulative translation adjustments, net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl" xml:lang="en-US" id="id_14489302_3422537_6_1"> Cumulative translation adjustments, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3422538_1_1"> Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3422538_2_1"> Actuarial gains (losses) on defined benefit pension plans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3422538_6_1"> Actuarial gains (losses) on defined benefit pension plans, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:label="pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3540948_3_1"> Other comprehensive income, net of tax, unrealized gains losses on securities measured at fair value through other comprehensive income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3540948_1_1"> Other comprehensive income, net of tax, unrealized gains losses on securities measured at fair value through other comprehensive income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US" id="id_14489302_3540948_6_1"> Unrealized gains / (losses) on equity instruments measured at fair value through other comprehensive income, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss" xlink:label="pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss_lbl" xml:lang="en-US" id="id_14489302_3540950_3_1"> Other comprehensive income, net of tax, unrealized gains losses on securities measured at fair value through other comprehensive income that will be reclassified to profit and loss. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss_lbl" xml:lang="en-US" id="id_14489302_3540950_1_1"> Other comprehensive income, net of tax, unrealized gains losses on securities measured at fair value through other comprehensive income that will be reclassified to profit and loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss_lbl" xml:lang="en-US" id="id_14489302_3540950_6_1"> Unrealized gains / (losses) on equity instruments measured at fair value through other comprehensive income, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss" xlink:to="pbr_OtherComprehensiveIncomeNetOfTaxUnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLoss_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherCountriesMember" xlink:label="pbr_OtherCountriesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherCountriesMember_lbl" xml:lang="en-US" id="id_14489302_3476143_3_1"> Other countries. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherCountriesMember_lbl" xml:lang="en-US" id="id_14489302_3476143_1_1"> Other Countries [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherCountriesMember_lbl" xml:lang="en-US" id="id_14489302_3476143_2_1"> Others [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherCountriesMember" xlink:to="pbr_OtherCountriesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherCreditGradesMember" xlink:label="pbr_OtherCreditGradesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3502289_3_1"> Other credit grades. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3502289_1_1"> Other credit grades [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherCreditGradesMember_lbl" xml:lang="en-US" id="id_14489302_3502289_2_1"> Other ratings [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherCreditGradesMember" xlink:to="pbr_OtherCreditGradesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherCurrenciesMember" xlink:label="pbr_OtherCurrenciesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherCurrenciesMember_lbl" xml:lang="en-US" id="id_14489302_3477170_3_1"> Other currencies. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherCurrenciesMember_lbl" xml:lang="en-US" id="id_14489302_3477170_1_1"> Other Currencies [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherCurrenciesMember_lbl" xml:lang="en-US" id="id_14489302_3477170_2_1"> Other Currencies [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherCurrenciesMember" xlink:to="pbr_OtherCurrenciesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherCurrentAssets" xlink:label="ifrs-full_OtherCurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherCurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3422393_1_1"> Other current assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherCurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3422393_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCurrentAssets" xlink:to="ifrs-full_OtherCurrentAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherCurrentLiabilities" xlink:label="ifrs-full_OtherCurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherCurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3422544_1_1"> Other current liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherCurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3422544_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCurrentLiabilities" xlink:to="ifrs-full_OtherCurrentLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherCurrentReceivables" xlink:label="ifrs-full_OtherCurrentReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherCurrentReceivables_lbl" xml:lang="en-US" id="id_14489302_3422548_1_1"> Other current receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherCurrentReceivables_lbl" xml:lang="en-US" id="id_14489302_3422548_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCurrentReceivables" xlink:to="ifrs-full_OtherCurrentReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherDebtMember" xlink:label="pbr_OtherDebtMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherDebtMember_lbl" xml:lang="en-US" id="id_14489302_3477316_3_1"> Other debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherDebtMember_lbl" xml:lang="en-US" id="id_14489302_3477316_1_1"> Other Debt [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherDebtMember_lbl" xml:lang="en-US" id="id_14489302_3477316_2_1"> Other Debt [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherDebtMember" xlink:to="pbr_OtherDebtMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherDeferredIncomeTaxes" xlink:label="pbr_OtherDeferredIncomeTaxes"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherDeferredIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3450845_3_1"> Other deferred income taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherDeferredIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3450845_1_1"> Other Deferred Income Taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_OtherDeferredIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3450845_14_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherDeferredIncomeTaxes" xlink:to="pbr_OtherDeferredIncomeTaxes_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherDisposalsOfAssetsMember" xlink:label="ifrs-full_OtherDisposalsOfAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherDisposalsOfAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3422549_1_1"> Other disposals of assets [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherDisposalsOfAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3422549_2_1"> Other disposals of assets [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherDisposalsOfAssetsMember" xlink:to="ifrs-full_OtherDisposalsOfAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherEnvironmentRelatedProvisionMember" xlink:label="ifrs-full_OtherEnvironmentRelatedProvisionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherEnvironmentRelatedProvisionMember_lbl" xml:lang="en-US" id="id_14489302_3422398_1_1"> Other environment related provision [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherEnvironmentRelatedProvisionMember_lbl" xml:lang="en-US" id="id_14489302_3422398_2_1"> Other environment related provision [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherEnvironmentRelatedProvisionMember" xlink:to="ifrs-full_OtherEnvironmentRelatedProvisionMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherExplorationExpenses" xlink:label="pbr_OtherExplorationExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherExplorationExpenses_lbl" xml:lang="en-US" id="id_14489302_3446900_3_1"> Other Exploration Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherExplorationExpenses_lbl" xml:lang="en-US" id="id_14489302_3446900_1_1"> Other Exploration Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherExplorationExpenses_lbl" xml:lang="en-US" id="id_14489302_3446900_2_1"> Other exploration expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherExplorationExpenses" xlink:to="pbr_OtherExplorationExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherFinanceIncomeCost" xlink:label="ifrs-full_OtherFinanceIncomeCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherFinanceIncomeCost_lbl" xml:lang="en-US" id="id_14489302_3422560_1_1"> Other finance income (cost) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherFinanceIncomeCost_lbl" xml:lang="en-US" id="id_14489302_3422560_2_1"> Other finance expenses and income, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFinanceIncomeCost" xlink:to="ifrs-full_OtherFinanceIncomeCost_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherFinancialInvestmentsMember" xlink:label="pbr_OtherFinancialInvestmentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherFinancialInvestmentsMember_lbl" xml:lang="en-US" id="id_14489302_3487271_3_1"> Other financial investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherFinancialInvestmentsMember_lbl" xml:lang="en-US" id="id_14489302_3487271_1_1"> Other Financial Investments [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherFinancialInvestmentsMember_lbl" xml:lang="en-US" id="id_14489302_3487271_2_1"> Other financial investments [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherFinancialInvestmentsMember" xlink:to="pbr_OtherFinancialInvestmentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherForeignCurrencyExchangeGainsLossesAndIndexationChargesNet" xlink:label="pbr_OtherForeignCurrencyExchangeGainsLossesAndIndexationChargesNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherForeignCurrencyExchangeGainsLossesAndIndexationChargesNet_lbl" xml:lang="en-US" id="id_14489302_3450600_3_1"> Other foreign currency exchange gains losses and indexaton charges net. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherForeignCurrencyExchangeGainsLossesAndIndexationChargesNet_lbl" xml:lang="en-US" id="id_14489302_3450600_1_1"> Other Foreign Currency Exchange Gains Losses And Indexation Charges Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherForeignCurrencyExchangeGainsLossesAndIndexationChargesNet_lbl" xml:lang="en-US" id="id_14489302_3450600_2_1"> Other foreign exchange gains (losses) and indexation charges, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherForeignCurrencyExchangeGainsLossesAndIndexationChargesNet" xlink:to="pbr_OtherForeignCurrencyExchangeGainsLossesAndIndexationChargesNet_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherGovernmentEntitiesMember" xlink:label="pbr_OtherGovernmentEntitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherGovernmentEntitiesMember_lbl" xml:lang="en-US" id="id_14489302_3529193_3_1"> Other government entities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherGovernmentEntitiesMember_lbl" xml:lang="en-US" id="id_14489302_3529193_1_1"> Other GovernmentEntities[member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherGovernmentEntitiesMember_lbl" xml:lang="en-US" id="id_14489302_3529193_2_1"> Other Government Entities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherGovernmentEntitiesMember" xlink:to="pbr_OtherGovernmentEntitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherIncomeAndExpense" xlink:label="pbr_OtherIncomeAndExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherIncomeAndExpense_lbl" xml:lang="en-US" id="id_14489302_3454300_3_1"> Other income and expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherIncomeAndExpense_lbl" xml:lang="en-US" id="id_14489302_3454300_1_1"> Other income and expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherIncomeAndExpense_lbl" xml:lang="en-US" id="id_14489302_3454300_2_1"> Other income and expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_OtherIncomeAndExpense_lbl" xml:lang="en-US" id="id_14489302_3454300_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherIncomeAndExpense" xlink:to="pbr_OtherIncomeAndExpense_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherIncomeAndExpenseMember" xlink:label="pbr_OtherIncomeAndExpenseMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherIncomeAndExpenseMember_lbl" xml:lang="en-US" id="id_14489302_3540996_3_1"> Other income and expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherIncomeAndExpenseMember_lbl" xml:lang="en-US" id="id_14489302_3540996_1_1"> Other income and expense [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherIncomeAndExpenseMember_lbl" xml:lang="en-US" id="id_14489302_3540996_2_1"> Other income and expense [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherIncomeAndExpenseMember" xlink:to="pbr_OtherIncomeAndExpenseMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherIncomeAndExpenses1Abstract" xlink:label="pbr_OtherIncomeAndExpenses1Abstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherIncomeAndExpenses1Abstract_lbl" xml:lang="en-US" id="id_14489302_3430536_3_1"> Other Income And Expenses 1 [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherIncomeAndExpenses1Abstract_lbl" xml:lang="en-US" id="id_14489302_3430536_1_1"> Other Income And Expenses 1 [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherIncomeAndExpenses1Abstract_lbl" xml:lang="en-US" id="id_14489302_3430536_2_1"> Other Income And Expenses 1 [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherIncomeAndExpenses1Abstract" xlink:to="pbr_OtherIncomeAndExpenses1Abstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherIncomeAndExpensesLineItems" xlink:label="pbr_OtherIncomeAndExpensesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherIncomeAndExpensesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430539_3_1"> Other Income And Expenses [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherIncomeAndExpensesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430539_1_1"> Other Income And Expenses [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherIncomeAndExpensesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430539_2_1"> Other Income And Expenses [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherIncomeAndExpensesLineItems" xlink:to="pbr_OtherIncomeAndExpensesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherIncomeAndExpensesNet" xlink:label="pbr_OtherIncomeAndExpensesNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherIncomeAndExpensesNet_lbl" xml:lang="en-US" id="id_14489302_3455969_3_1"> Other Income And Expenses Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherIncomeAndExpensesNet_lbl" xml:lang="en-US" id="id_14489302_3455969_1_1"> Other Income And Expenses Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherIncomeAndExpensesNet_lbl" xml:lang="en-US" id="id_14489302_3455969_2_1"> Other income and expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherIncomeAndExpensesNet" xlink:to="pbr_OtherIncomeAndExpensesNet_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherIncomeAndExpensesReversalOfProvision" xlink:label="pbr_OtherIncomeAndExpensesReversalOfProvision"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherIncomeAndExpensesReversalOfProvision_lbl" xml:lang="en-US" id="id_14489302_3461278_3_1"> Other income and expenses reversal of provision. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherIncomeAndExpensesReversalOfProvision_lbl" xml:lang="en-US" id="id_14489302_3461278_1_1"> Other income and expenses reversal of provision </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherIncomeAndExpensesReversalOfProvision_lbl" xml:lang="en-US" id="id_14489302_3461278_2_1"> Other income and expenses - reversal of provision </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherIncomeAndExpensesReversalOfProvision" xlink:to="pbr_OtherIncomeAndExpensesReversalOfProvision_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherIncomeAndExpensesTable" xlink:label="pbr_OtherIncomeAndExpensesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherIncomeAndExpensesTable_lbl" xml:lang="en-US" id="id_14489302_3474144_3_1"> Other Income And Expenses [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherIncomeAndExpensesTable_lbl" xml:lang="en-US" id="id_14489302_3474144_1_1"> Other Income And Expenses [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherIncomeAndExpensesTable_lbl" xml:lang="en-US" id="id_14489302_3474144_2_1"> Other Income And Expenses [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherIncomeAndExpensesTable" xlink:to="pbr_OtherIncomeAndExpensesTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherIncomeExpense" xlink:label="pbr_OtherIncomeExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherIncomeExpense_lbl" xml:lang="en-US" id="id_14489302_3441308_3_1"> Other income (expense). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherIncomeExpense_lbl" xml:lang="en-US" id="id_14489302_3441308_1_1"> Other Income (Expense) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherIncomeExpense_lbl" xml:lang="en-US" id="id_14489302_3441308_2_1"> Other income and expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherIncomeExpense" xlink:to="pbr_OtherIncomeExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3422561_1_1"> Other inflows (outflows) of cash, classified as financing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3422561_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:to="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_14489302_3422100_1_1"> Other inflows (outflows) of cash, classified as investing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_14489302_3422100_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities" xlink:to="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsInvestingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3422101_1_1"> Other inflows (outflows) of cash, classified as operating activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3422101_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities" xlink:to="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherInvesteesMember" xlink:label="pbr_OtherInvesteesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherInvesteesMember_lbl" xml:lang="en-US" id="id_14489302_3487523_3_1"> Other investees [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherInvesteesMember_lbl" xml:lang="en-US" id="id_14489302_3487523_1_1"> Other investees [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherInvesteesMember_lbl" xml:lang="en-US" id="id_14489302_3487523_2_1"> Other investees [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherInvesteesMember" xlink:to="pbr_OtherInvesteesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherInvestmentFundsMember" xlink:label="pbr_OtherInvestmentFundsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherInvestmentFundsMember_lbl" xml:lang="en-US" id="id_14489302_3487262_3_1"> Other investment funds. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherInvestmentFundsMember_lbl" xml:lang="en-US" id="id_14489302_3487262_1_1"> Other Investment Funds [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherInvestmentFundsMember_lbl" xml:lang="en-US" id="id_14489302_3487262_2_1"> Other investment funds [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherInvestmentFundsMember" xlink:to="pbr_OtherInvestmentFundsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherInvestmentSecuritiesMember" xlink:label="pbr_OtherInvestmentSecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherInvestmentSecuritiesMember_lbl" xml:lang="en-US" id="id_14489302_3480128_3_1"> Other investment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherInvestmentSecuritiesMember_lbl" xml:lang="en-US" id="id_14489302_3480128_1_1"> Other Investment Securities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherInvestmentSecuritiesMember_lbl" xml:lang="en-US" id="id_14489302_3480128_2_1"> Other Investment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherInvestmentSecuritiesMember" xlink:to="pbr_OtherInvestmentSecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherJointVenturesMember" xlink:label="pbr_OtherJointVenturesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3485180_3_1"> Other joint ventures. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3485180_1_1"> Other joint ventures [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3485180_2_1"> Other joint ventures [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherJointVenturesMember" xlink:to="pbr_OtherJointVenturesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherMembersMember" xlink:label="pbr_OtherMembersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherMembersMember_lbl" xml:lang="en-US" id="id_14489302_3540992_3_1"> Other members. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherMembersMember_lbl" xml:lang="en-US" id="id_14489302_3540992_1_1"> Other members [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherMembersMember_lbl" xml:lang="en-US" id="id_14489302_3540992_2_1"> Other members [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherMembersMember" xlink:to="pbr_OtherMembersMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherNoncurrentAssets" xlink:label="ifrs-full_OtherNoncurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherNoncurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3421733_1_1"> Other non-current assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherNoncurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3421733_2_1"> Other non-currentassets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentAssets" xlink:to="ifrs-full_OtherNoncurrentAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherNoncurrentFinancialAssets" xlink:label="ifrs-full_OtherNoncurrentFinancialAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherNoncurrentFinancialAssets_lbl" xml:lang="en-US" id="id_14489302_3422411_1_1"> Other non-current financial assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherNoncurrentFinancialAssets_lbl" xml:lang="en-US" id="id_14489302_3422411_2_1"> Other non-current assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentFinancialAssets" xlink:to="ifrs-full_OtherNoncurrentFinancialAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherNoncurrentLiabilities" xlink:label="ifrs-full_OtherNoncurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherNoncurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3421734_1_1"> Other non-current liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherNoncurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3421734_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentLiabilities" xlink:to="ifrs-full_OtherNoncurrentLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherNoncurrentReceivables" xlink:label="ifrs-full_OtherNoncurrentReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherNoncurrentReceivables_lbl" xml:lang="en-US" id="id_14489302_3422564_1_1"> Other non-current receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherNoncurrentReceivables_lbl" xml:lang="en-US" id="id_14489302_3422564_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentReceivables" xlink:to="ifrs-full_OtherNoncurrentReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherOilProductsMember" xlink:label="pbr_OtherOilProductsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherOilProductsMember_lbl" xml:lang="en-US" id="id_14489302_3487192_3_1"> Other oil products. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherOilProductsMember_lbl" xml:lang="en-US" id="id_14489302_3487192_1_1"> Other Oil Products [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherOilProductsMember_lbl" xml:lang="en-US" id="id_14489302_3487192_2_1"> Other oil products [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherOilProductsMember" xlink:to="pbr_OtherOilProductsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherOperatingExpenses" xlink:label="pbr_OtherOperatingExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherOperatingExpenses_lbl" xml:lang="en-US" id="id_14489302_3459137_3_1"> Other operating expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherOperatingExpenses_lbl" xml:lang="en-US" id="id_14489302_3459137_1_1"> Other Operating Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherOperatingExpenses_lbl" xml:lang="en-US" id="id_14489302_3459137_2_1"> Other operating expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherOperatingExpenses" xlink:to="pbr_OtherOperatingExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherOperatingIncomeExpense" xlink:label="ifrs-full_OtherOperatingIncomeExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherOperatingIncomeExpense_lbl" xml:lang="en-US" id="id_14489302_3422108_1_1"> Other operating income (expense) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_OtherOperatingIncomeExpense_lbl" xml:lang="en-US" id="id_14489302_3422108_14_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherOperatingIncomeExpense" xlink:to="ifrs-full_OtherOperatingIncomeExpense_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherPlansMember" xlink:label="pbr_OtherPlansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherPlansMember_lbl" xml:lang="en-US" id="id_14489302_3492089_3_1"> Other plans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherPlansMember_lbl" xml:lang="en-US" id="id_14489302_3492089_1_1"> Other plans [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherPlansMember_lbl" xml:lang="en-US" id="id_14489302_3492089_2_1"> Other plans [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherPlansMember" xlink:to="pbr_OtherPlansMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:label="ifrs-full_OtherPropertyPlantAndEquipmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherPropertyPlantAndEquipmentMember_lbl" xml:lang="en-US" id="id_14489302_3421738_1_1"> Other property, plant and equipment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherPropertyPlantAndEquipmentMember_lbl" xml:lang="en-US" id="id_14489302_3421738_2_1"> Equipment and other assets [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:to="ifrs-full_OtherPropertyPlantAndEquipmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherProvisions" xlink:label="ifrs-full_OtherProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3422109_1_1"> Other provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_OtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3422109_4_1"> Closing balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_OtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3422109_5_1"> Opening balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherProvisions" xlink:to="ifrs-full_OtherProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherProvisionsMember" xlink:label="ifrs-full_OtherProvisionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherProvisionsMember_lbl" xml:lang="en-US" id="id_14489302_3422111_1_1"> Other provisions [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherProvisionsMember_lbl" xml:lang="en-US" id="id_14489302_3422111_2_1"> Other provisions [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherProvisionsMember" xlink:to="ifrs-full_OtherProvisionsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherReceivables" xlink:label="ifrs-full_OtherReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3422568_1_1"> Other receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3422568_2_1"> Other receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReceivables" xlink:to="ifrs-full_OtherReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherReceivablesMember" xlink:label="pbr_OtherReceivablesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherReceivablesMember_lbl" xml:lang="en-US" id="id_14489302_3509071_3_1"> Other Receivables [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherReceivablesMember_lbl" xml:lang="en-US" id="id_14489302_3509071_1_1"> Other Receivables [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherReceivablesMember_lbl" xml:lang="en-US" id="id_14489302_3509071_2_1"> Other Receivables [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherReceivablesMember" xlink:to="pbr_OtherReceivablesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherRecoverableTaxes" xlink:label="pbr_OtherRecoverableTaxes"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherRecoverableTaxes_lbl" xml:lang="en-US" id="id_14489302_3450426_3_1"> Other recoverable taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherRecoverableTaxes_lbl" xml:lang="en-US" id="id_14489302_3450426_1_1"> Other Recoverable Taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherRecoverableTaxes_lbl" xml:lang="en-US" id="id_14489302_3450426_2_1"> Other recoverable taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherRecoverableTaxes" xlink:to="pbr_OtherRecoverableTaxes_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherRelatedPartiesElectrobrasGroupMember" xlink:label="pbr_OtherRelatedPartiesElectrobrasGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherRelatedPartiesElectrobrasGroupMember_lbl" xml:lang="en-US" id="id_14489302_3492056_3_1"> Other related parties electrobras group. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherRelatedPartiesElectrobrasGroupMember_lbl" xml:lang="en-US" id="id_14489302_3492056_1_1"> Other related parties electrobras group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherRelatedPartiesElectrobrasGroupMember_lbl" xml:lang="en-US" id="id_14489302_3492056_2_1"> Other related parties electrobras group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherRelatedPartiesElectrobrasGroupMember" xlink:to="pbr_OtherRelatedPartiesElectrobrasGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherReserves" xlink:label="ifrs-full_OtherReserves"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en-US" id="id_14489302_3422569_1_1"> Other reserves </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en-US" id="id_14489302_3422569_2_1"> Profit reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReserves" xlink:to="ifrs-full_OtherReserves_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OthersActuarialLiability" xlink:label="pbr_OthersActuarialLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OthersActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3456440_3_1"> Others actuarial liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OthersActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3456440_1_1"> Others Actuarial Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OthersActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3456440_2_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OthersActuarialLiability" xlink:to="pbr_OthersActuarialLiability_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherShorttermEmployeeBenefits" xlink:label="ifrs-full_OtherShorttermEmployeeBenefits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherShorttermEmployeeBenefits_lbl" xml:lang="en-US" id="id_14489302_3422113_1_1"> Other short-term employee benefits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherShorttermEmployeeBenefits_lbl" xml:lang="en-US" id="id_14489302_3422113_2_1"> Other income and expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherShorttermEmployeeBenefits" xlink:to="ifrs-full_OtherShorttermEmployeeBenefits_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OthersMember" xlink:label="pbr_OthersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OthersMember_lbl" xml:lang="en-US" id="id_14489302_3478952_3_1"> Others. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OthersMember_lbl" xml:lang="en-US" id="id_14489302_3478952_1_1"> Others [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OthersMember_lbl" xml:lang="en-US" id="id_14489302_3478952_2_1"> Others [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OthersMember" xlink:to="pbr_OthersMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherTaxAssets" xlink:label="pbr_OtherTaxAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherTaxAssets_lbl" xml:lang="en-US" id="id_14489302_3450427_3_1"> Other tax assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherTaxAssets_lbl" xml:lang="en-US" id="id_14489302_3450427_1_1"> Other Tax Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherTaxAssets_lbl" xml:lang="en-US" id="id_14489302_3450427_2_1"> Other tax assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherTaxAssets" xlink:to="pbr_OtherTaxAssets_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:label="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_lbl" xml:lang="en-US" id="id_14489302_3422570_1_1"> Other tax effects for reconciliation between accounting profit and tax expense (income) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_lbl" xml:lang="en-US" id="id_14489302_3422570_14_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:to="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherTaxes" xlink:label="pbr_OtherTaxes"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherTaxes_lbl" xml:lang="en-US" id="id_14489302_3460182_3_1"> Other taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherTaxes_lbl" xml:lang="en-US" id="id_14489302_3460182_1_1"> Other Taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherTaxes_lbl" xml:lang="en-US" id="id_14489302_3460182_2_1"> Amount to be paid after benefit, other taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_OtherTaxes_lbl" xml:lang="en-US" id="id_14489302_3460182_12_1"> Others </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherTaxes" xlink:to="pbr_OtherTaxes_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherTaxesCurrentAssets" xlink:label="pbr_OtherTaxesCurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherTaxesCurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3450621_3_1"> Other taxes current assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherTaxesCurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3450621_1_1"> Other taxes current assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherTaxesCurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3450621_2_1"> Current assets, other taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherTaxesCurrentAssets" xlink:to="pbr_OtherTaxesCurrentAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherTaxesCurrentLiabilities" xlink:label="pbr_OtherTaxesCurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherTaxesCurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3450618_3_1"> Other taxes current liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherTaxesCurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3450618_1_1"> Other taxes current liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherTaxesCurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3450618_2_1"> Current liabilities, other taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherTaxesCurrentLiabilities" xlink:to="pbr_OtherTaxesCurrentLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherTaxesMember" xlink:label="pbr_OtherTaxesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3508235_3_1"> Other taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3508235_1_1"> Other Taxes [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3508235_2_1"> Other taxes [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherTaxesMember" xlink:to="pbr_OtherTaxesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherTaxesNonCurrentAssets" xlink:label="pbr_OtherTaxesNonCurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherTaxesNonCurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3450617_3_1"> Other taxes non current assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherTaxesNonCurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3450617_1_1"> Other taxes non current assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherTaxesNonCurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3450617_2_1"> Non-current assets, other taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherTaxesNonCurrentAssets" xlink:to="pbr_OtherTaxesNonCurrentAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OtherTaxesNonCurrentLiabilities" xlink:label="pbr_OtherTaxesNonCurrentLiabilities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OtherTaxesNonCurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3450614_3_1"> Other taxes non current liabilities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OtherTaxesNonCurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3450614_1_1"> Other taxes non current liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OtherTaxesNonCurrentLiabilities_lbl" xml:lang="en-US" id="id_14489302_3450614_2_1"> Non-current liabilities, other taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OtherTaxesNonCurrentLiabilities" xlink:to="pbr_OtherTaxesNonCurrentLiabilities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_OverdueReceivables" xlink:label="pbr_OverdueReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_OverdueReceivables_lbl" xml:lang="en-US" id="id_14489302_3450729_3_1"> Overdue receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_OverdueReceivables_lbl" xml:lang="en-US" id="id_14489302_3450729_1_1"> Overdue receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_OverdueReceivables_lbl" xml:lang="en-US" id="id_14489302_3450729_2_1"> Overdue receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_OverdueReceivables" xlink:to="pbr_OverdueReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PampoMember" xlink:label="pbr_PampoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PampoMember_lbl" xml:lang="en-US" id="id_14489302_3487749_3_1"> Pampo. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PampoMember_lbl" xml:lang="en-US" id="id_14489302_3487749_1_1"> Pampo [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PampoMember_lbl" xml:lang="en-US" id="id_14489302_3487749_2_1"> Pampo [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PampoMember" xlink:to="pbr_PampoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PanamaxVesselsTranspetroMember" xlink:label="pbr_PanamaxVesselsTranspetroMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PanamaxVesselsTranspetroMember_lbl" xml:lang="en-US" id="id_14489302_3510312_3_1"> Panamax vessels - Transpetro [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PanamaxVesselsTranspetroMember_lbl" xml:lang="en-US" id="id_14489302_3510312_1_1"> Panamax vessels - Transpetro [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PanamaxVesselsTranspetroMember_lbl" xml:lang="en-US" id="id_14489302_3510312_2_1"> Panamax vessels - Transpetro [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PanamaxVesselsTranspetroMember" xlink:to="pbr_PanamaxVesselsTranspetroMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PapaTerraBVMember" xlink:label="pbr_PapaTerraBVMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PapaTerraBVMember_lbl" xml:lang="en-US" id="id_14489302_3510357_3_1"> Papa Terra BV. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PapaTerraBVMember_lbl" xml:lang="en-US" id="id_14489302_3510357_1_1"> Papa Terra BV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PapaTerraBVMember_lbl" xml:lang="en-US" id="id_14489302_3510357_2_1"> Papa Terra BV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PapaTerraBVMember" xlink:to="pbr_PapaTerraBVMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PapaTerraMember" xlink:label="pbr_PapaTerraMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PapaTerraMember_lbl" xml:lang="en-US" id="id_14489302_3487748_3_1"> Papa Terra. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PapaTerraMember_lbl" xml:lang="en-US" id="id_14489302_3487748_1_1"> Papa Terra [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PapaTerraMember_lbl" xml:lang="en-US" id="id_14489302_3487748_2_1"> Papa Terra [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PapaTerraMember" xlink:to="pbr_PapaTerraMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ParticipacoesEmComplexosBioenergeticosSAPCBIOSMember" xlink:label="pbr_ParticipacoesEmComplexosBioenergeticosSAPCBIOSMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ParticipacoesEmComplexosBioenergeticosSAPCBIOSMember_lbl" xml:lang="en-US" id="id_14489302_3529070_3_1"> Participacoes em Complexos Bioenergeticos S.A.PCBIOS. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ParticipacoesEmComplexosBioenergeticosSAPCBIOSMember_lbl" xml:lang="en-US" id="id_14489302_3529070_1_1"> Participacoes em Complexos Bioenergeticos S.A.PCBIOS [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ParticipacoesEmComplexosBioenergeticosSAPCBIOSMember_lbl" xml:lang="en-US" id="id_14489302_3529070_2_1"> Participacoes em Complexos Bioenergeticos S.A.PCBIOS [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ParticipacoesEmComplexosBioenergeticosSAPCBIOSMember" xlink:to="pbr_ParticipacoesEmComplexosBioenergeticosSAPCBIOSMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ParValuePerShare" xlink:label="ifrs-full_ParValuePerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en-US" id="id_14489302_3422421_1_1"> Par value per share </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en-US" id="id_14489302_3422421_2_1"> Price per share </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ParValuePerShare" xlink:to="ifrs-full_ParValuePerShare_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PasadenaRefiningSystemIncMember" xlink:label="pbr_PasadenaRefiningSystemIncMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PasadenaRefiningSystemIncMember_lbl" xml:lang="en-US" id="id_14489302_3553216_3_1"> Pasadena Refining System Inc. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PasadenaRefiningSystemIncMember_lbl" xml:lang="en-US" id="id_14489302_3553216_1_1"> Pasadena Refining System Inc [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PasadenaRefiningSystemIncMember_lbl" xml:lang="en-US" id="id_14489302_3553216_2_1"> Pasadena Refining System Inc [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PasadenaRefiningSystemIncMember" xlink:to="pbr_PasadenaRefiningSystemIncMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PastDueReceivables" xlink:label="pbr_PastDueReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PastDueReceivables_lbl" xml:lang="en-US" id="id_14489302_3553060_3_1"> Past due receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PastDueReceivables_lbl" xml:lang="en-US" id="id_14489302_3553060_1_1"> Past due receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PastDueReceivables_lbl" xml:lang="en-US" id="id_14489302_3553060_2_1"> Past due receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PastDueReceivables" xlink:to="pbr_PastDueReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PastDueStatusAxis" xlink:label="ifrs-full_PastDueStatusAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PastDueStatusAxis_lbl" xml:lang="en-US" id="id_14489302_3421750_1_1"> Past due status [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PastDueStatusAxis_lbl" xml:lang="en-US" id="id_14489302_3421750_2_1"> Past due status [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PastDueStatusAxis" xlink:to="ifrs-full_PastDueStatusAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PastDueStatusMember" xlink:label="ifrs-full_PastDueStatusMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PastDueStatusMember_lbl" xml:lang="en-US" id="id_14489302_3422574_1_1"> Past due status [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PastDueStatusMember_lbl" xml:lang="en-US" id="id_14489302_3422574_2_1"> Past due status [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PastDueStatusMember" xlink:to="ifrs-full_PastDueStatusMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PayablesOnTaxesRefinancing" xlink:label="pbr_PayablesOnTaxesRefinancing"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PayablesOnTaxesRefinancing_lbl" xml:lang="en-US" id="id_14489302_3454944_3_1"> Payables On Taxes Refinancing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PayablesOnTaxesRefinancing_lbl" xml:lang="en-US" id="id_14489302_3454944_1_1"> Payables On Taxes Refinancing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PayablesOnTaxesRefinancing_lbl" xml:lang="en-US" id="id_14489302_3454944_2_1"> Tax refinancing program </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PayablesOnTaxesRefinancing" xlink:to="pbr_PayablesOnTaxesRefinancing_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PaymentsForDevelopmentProjectExpenditure" xlink:label="ifrs-full_PaymentsForDevelopmentProjectExpenditure"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PaymentsForDevelopmentProjectExpenditure_lbl" xml:lang="en-US" id="id_14489302_3422578_1_1"> Payments for development project expenditure </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PaymentsForDevelopmentProjectExpenditure_lbl" xml:lang="en-US" id="id_14489302_3422578_2_1"> Cash for assets and services </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PaymentsForDevelopmentProjectExpenditure" xlink:to="ifrs-full_PaymentsForDevelopmentProjectExpenditure_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PaymentsForProceedsFromContributionsOfNoncontrollingInterests" xlink:label="pbr_PaymentsForProceedsFromContributionsOfNoncontrollingInterests"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PaymentsForProceedsFromContributionsOfNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_4062065_3_1"> (Payments for) proceeds from contributions of non-controlling interests. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PaymentsForProceedsFromContributionsOfNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_4062065_1_1"> Payments for proceeds from contributions of non-controlling interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PaymentsForProceedsFromContributionsOfNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_4062065_2_1"> Investments by non-controlling interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PaymentsForProceedsFromContributionsOfNoncontrollingInterests" xlink:to="pbr_PaymentsForProceedsFromContributionsOfNoncontrollingInterests_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PaymentsMaidForUnitization" xlink:label="pbr_PaymentsMaidForUnitization"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PaymentsMaidForUnitization_lbl" xml:lang="en-US" id="id_14489302_3553111_3_1"> Payments maid for unitization. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PaymentsMaidForUnitization_lbl" xml:lang="en-US" id="id_14489302_3553111_1_1"> Payments maid for unitization </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PaymentsMaidForUnitization_lbl" xml:lang="en-US" id="id_14489302_3553111_2_1"> Payments maid </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PaymentsMaidForUnitization" xlink:to="pbr_PaymentsMaidForUnitization_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PaymentsOfFinanceLeasesAnnualInterest" xlink:label="pbr_PaymentsOfFinanceLeasesAnnualInterest"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PaymentsOfFinanceLeasesAnnualInterest_lbl" xml:lang="en-US" id="id_14489302_3456113_3_1"> Payment of finance leases annual interest. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PaymentsOfFinanceLeasesAnnualInterest_lbl" xml:lang="en-US" id="id_14489302_3456113_1_1"> Payments Of Finance Leases Annual Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PaymentsOfFinanceLeasesAnnualInterest_lbl" xml:lang="en-US" id="id_14489302_3456113_2_1"> Payments Annual interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PaymentsOfFinanceLeasesAnnualInterest" xlink:to="pbr_PaymentsOfFinanceLeasesAnnualInterest_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PaymentsOfProvisionForProfitSharing" xlink:label="pbr_PaymentsOfProvisionForProfitSharing"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PaymentsOfProvisionForProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553170_3_1"> Payments of provision for profit sharing. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PaymentsOfProvisionForProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553170_1_1"> Payments of provision for profit sharing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_PaymentsOfProvisionForProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553170_14_1"> Payments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PaymentsOfProvisionForProfitSharing" xlink:to="pbr_PaymentsOfProvisionForProfitSharing_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PaymentsRelatedToTermOfFinancialCommitmentActuarialLiability" xlink:label="pbr_PaymentsRelatedToTermOfFinancialCommitmentActuarialLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PaymentsRelatedToTermOfFinancialCommitmentActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3456441_3_1"> Payments related to term of financial commitment actuarial liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PaymentsRelatedToTermOfFinancialCommitmentActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3456441_1_1"> Payments Related To Term Of Financial Commitment Actuarial Liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PaymentsRelatedToTermOfFinancialCommitmentActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3456441_2_1"> Payments related to Term of financial commitment (TFC) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PaymentsRelatedToTermOfFinancialCommitmentActuarialLiability" xlink:to="pbr_PaymentsRelatedToTermOfFinancialCommitmentActuarialLiability_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PensionBenefitsMember" xlink:label="pbr_PensionBenefitsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PensionBenefitsMember_lbl" xml:lang="en-US" id="id_14489302_3540995_3_1"> Pension Benefits [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PensionBenefitsMember_lbl" xml:lang="en-US" id="id_14489302_3540995_1_1"> Pension Benefits [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PensionBenefitsMember_lbl" xml:lang="en-US" id="id_14489302_3540995_2_1"> Pension Benefits [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PensionBenefitsMember" xlink:to="pbr_PensionBenefitsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PensionPlanAssetsMember" xlink:label="pbr_PensionPlanAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PensionPlanAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3491723_3_1"> Pension plan assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PensionPlanAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3491723_1_1"> Pension Plan Assets [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PensionPlanAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3491723_2_1"> Pension Plan Assets [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PensionPlanAssetsMember" xlink:to="pbr_PensionPlanAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PensionPlansMember" xlink:label="pbr_PensionPlansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PensionPlansMember_lbl" xml:lang="en-US" id="id_14489302_3537720_3_1"> Pension plans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PensionPlansMember_lbl" xml:lang="en-US" id="id_14489302_3537720_1_1"> Pension plans [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PensionPlansMember_lbl" xml:lang="en-US" id="id_14489302_3537720_2_1"> Pension plans [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PensionPlansMember" xlink:to="pbr_PensionPlansMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfAssetsAcquisition" xlink:label="pbr_PercentageOfAssetsAcquisition"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfAssetsAcquisition_lbl" xml:lang="en-US" id="id_14489302_3553231_3_1"> Percentage of assets acquisition. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfAssetsAcquisition_lbl" xml:lang="en-US" id="id_14489302_3553231_1_1"> Percentage Of Assets Acquisition </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfAssetsAcquisition_lbl" xml:lang="en-US" id="id_14489302_3553231_2_1"> Percentage of assets acquisition </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfAssetsAcquisition" xlink:to="pbr_PercentageOfAssetsAcquisition_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfCollateralGuarantiesReplaced" xlink:label="pbr_PercentageOfCollateralGuarantiesReplaced"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfCollateralGuarantiesReplaced_lbl" xml:lang="en-US" id="id_14489302_3527840_3_1"> Percentage of Collateral guaranties replaced </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfCollateralGuarantiesReplaced_lbl" xml:lang="en-US" id="id_14489302_3527840_1_1"> Percentage of Collateral guaranties replaced </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfCollateralGuarantiesReplaced_lbl" xml:lang="en-US" id="id_14489302_3527840_2_1"> Percentage of collateral guaranties replaced </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfCollateralGuarantiesReplaced" xlink:to="pbr_PercentageOfCollateralGuarantiesReplaced_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfCostGovernedByCollectiveBargainingAgreement" xlink:label="pbr_PercentageOfCostGovernedByCollectiveBargainingAgreement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfCostGovernedByCollectiveBargainingAgreement_lbl" xml:lang="en-US" id="id_14489302_3528042_3_1"> Percentage of cost governed by collective bargaining agreement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfCostGovernedByCollectiveBargainingAgreement_lbl" xml:lang="en-US" id="id_14489302_3528042_1_1"> Percentage of cost governed by collective bargaining agreement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfCostGovernedByCollectiveBargainingAgreement_lbl" xml:lang="en-US" id="id_14489302_3528042_2_1"> Percentage of cost governed by collective bargaining agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfCostGovernedByCollectiveBargainingAgreement" xlink:to="pbr_PercentageOfCostGovernedByCollectiveBargainingAgreement_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfCreditReceived" xlink:label="pbr_PercentageOfCreditReceived"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfCreditReceived_lbl" xml:lang="en-US" id="id_14489302_3527841_3_1"> Percentage of credit received </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfCreditReceived_lbl" xml:lang="en-US" id="id_14489302_3527841_1_1"> Percentage of credit received </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfCreditReceived_lbl" xml:lang="en-US" id="id_14489302_3527841_2_1"> Percentage of credit received </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfCreditReceived" xlink:to="pbr_PercentageOfCreditReceived_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfDepositionsOfContracts" xlink:label="pbr_PercentageOfDepositionsOfContracts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfDepositionsOfContracts_lbl" xml:lang="en-US" id="id_14489302_3525071_3_1"> Percentage of depositions of contracts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfDepositionsOfContracts_lbl" xml:lang="en-US" id="id_14489302_3525071_1_1"> Percentage of depositions of contracts </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfDepositionsOfContracts_lbl" xml:lang="en-US" id="id_14489302_3525071_2_1"> Percentage indicated in depositions to total amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_PercentageOfDepositionsOfContracts_lbl" xml:lang="en-US" id="id_14489302_3525071_12_1"> Percentage of initial payment on signing of contract </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfDepositionsOfContracts" xlink:to="pbr_PercentageOfDepositionsOfContracts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfDiscountFactorsForCalculatingDiscountedFutureNetCashFlows" xlink:label="pbr_PercentageOfDiscountFactorsForCalculatingDiscountedFutureNetCashFlows"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfDiscountFactorsForCalculatingDiscountedFutureNetCashFlows_lbl" xml:lang="en-US" id="id_14489302_3527056_3_1"> Percentage of discount factors for calculating discounted future net cash flows. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfDiscountFactorsForCalculatingDiscountedFutureNetCashFlows_lbl" xml:lang="en-US" id="id_14489302_3527056_1_1"> Percentage of discount factors for calculating discounted future net cash flows </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfDiscountFactorsForCalculatingDiscountedFutureNetCashFlows_lbl" xml:lang="en-US" id="id_14489302_3527056_2_1"> Discounted future net cash flow calculating percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfDiscountFactorsForCalculatingDiscountedFutureNetCashFlows" xlink:to="pbr_PercentageOfDiscountFactorsForCalculatingDiscountedFutureNetCashFlows_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfEquityInterestPreserved" xlink:label="pbr_PercentageOfEquityInterestPreserved"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfEquityInterestPreserved_lbl" xml:lang="en-US" id="id_14489302_3914221_3_1"> Percentage of equity interest preserved. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfEquityInterestPreserved_lbl" xml:lang="en-US" id="id_14489302_3914221_1_1"> Percentage of Equity Interest Preserved </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfEquityInterestPreserved_lbl" xml:lang="en-US" id="id_14489302_3914221_2_1"> Percentage of equity interest preserved </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfEquityInterestPreserved" xlink:to="pbr_PercentageOfEquityInterestPreserved_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfEquityInterestSold" xlink:label="pbr_PercentageOfEquityInterestSold"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfEquityInterestSold_lbl" xml:lang="en-US" id="id_14489302_3527486_3_1"> Percentage of equity interest sold. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfEquityInterestSold_lbl" xml:lang="en-US" id="id_14489302_3527486_1_1"> Percentage Of Equity Interest Sold </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfEquityInterestSold_lbl" xml:lang="en-US" id="id_14489302_3527486_2_1"> Disposal of ownership interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfEquityInterestSold" xlink:to="pbr_PercentageOfEquityInterestSold_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfFuelGasRepresentingProvedReservesOfNaturalGas" xlink:label="pbr_PercentageOfFuelGasRepresentingProvedReservesOfNaturalGas"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfFuelGasRepresentingProvedReservesOfNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3528030_3_1"> Percentage of fuel gas representing proved reserves of natural gas </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfFuelGasRepresentingProvedReservesOfNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3528030_1_1"> Percentage of fuel gas representing proved reserves of natural gas </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfFuelGasRepresentingProvedReservesOfNaturalGas_lbl" xml:lang="en-US" id="id_14489302_3528030_2_1"> Production capacity related to assets held for sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfFuelGasRepresentingProvedReservesOfNaturalGas" xlink:to="pbr_PercentageOfFuelGasRepresentingProvedReservesOfNaturalGas_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfInterestInAssociates" xlink:label="pbr_PercentageOfInterestInAssociates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfInterestInAssociates_lbl" xml:lang="en-US" id="id_14489302_3526049_3_1"> Percentage of interest in associates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfInterestInAssociates_lbl" xml:lang="en-US" id="id_14489302_3526049_1_1"> Percentage of interest in associates </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfInterestInAssociates_lbl" xml:lang="en-US" id="id_14489302_3526049_2_1"> Purchase of interest in associates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfInterestInAssociates" xlink:to="pbr_PercentageOfInterestInAssociates_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfInterestSoldAssetsHeldForSale" xlink:label="pbr_PercentageOfInterestSoldAssetsHeldForSale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfInterestSoldAssetsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3524476_3_1"> Percentage of interest sold assets held for sale. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfInterestSoldAssetsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3524476_1_1"> Percentage Of Interest Sold Assets Held For Sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfInterestSoldAssetsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3524476_2_1"> Percentage of interest sold </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfInterestSoldAssetsHeldForSale" xlink:to="pbr_PercentageOfInterestSoldAssetsHeldForSale_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfLegalReserve" xlink:label="pbr_PercentageOfLegalReserve"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfLegalReserve_lbl" xml:lang="en-US" id="id_14489302_3529240_3_1"> Percentage of legal reserve </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfLegalReserve_lbl" xml:lang="en-US" id="id_14489302_3529240_1_1"> Percentage of legal reserve </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfLegalReserve_lbl" xml:lang="en-US" id="id_14489302_3529240_2_1"> Percentage of legal reserve on net income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfLegalReserve" xlink:to="pbr_PercentageOfLegalReserve_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfParticipantsInPlanAcceptedPlanSplit" xlink:label="pbr_PercentageOfParticipantsInPlanAcceptedPlanSplit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfParticipantsInPlanAcceptedPlanSplit_lbl" xml:lang="en-US" id="id_14489302_3528040_3_1"> Percentage of participants in plan accepted plan split. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfParticipantsInPlanAcceptedPlanSplit_lbl" xml:lang="en-US" id="id_14489302_3528040_1_1"> Percentage of participants in plan accepted plan split </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfParticipantsInPlanAcceptedPlanSplit_lbl" xml:lang="en-US" id="id_14489302_3528040_2_1"> Percentage of participants in plan accepted the plan split </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfParticipantsInPlanAcceptedPlanSplit" xlink:to="pbr_PercentageOfParticipantsInPlanAcceptedPlanSplit_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfPositiveAndNegativeVariationOfRiskVariable" xlink:label="pbr_PercentageOfPositiveAndNegativeVariationOfRiskVariable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfPositiveAndNegativeVariationOfRiskVariable_lbl" xml:lang="en-US" id="id_14489302_3526814_3_1"> Percentage of positive and negative variation of risk variable. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfPositiveAndNegativeVariationOfRiskVariable_lbl" xml:lang="en-US" id="id_14489302_3526814_1_1"> Percentage of Positive And Negative Variation Of Risk Variable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfPositiveAndNegativeVariationOfRiskVariable_lbl" xml:lang="en-US" id="id_14489302_3526814_2_1"> Risk variables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfPositiveAndNegativeVariationOfRiskVariable" xlink:to="pbr_PercentageOfPositiveAndNegativeVariationOfRiskVariable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfProfitSharingAppliedInDistributionComputation" xlink:label="pbr_PercentageOfProfitSharingAppliedInDistributionComputation"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfProfitSharingAppliedInDistributionComputation_lbl" xml:lang="en-US" id="id_14489302_3553173_3_1"> Percentage of profit sharing applied in distribution computation. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfProfitSharingAppliedInDistributionComputation_lbl" xml:lang="en-US" id="id_14489302_3553173_1_1"> Percentage of profit sharing applied in distribution computation </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfProfitSharingAppliedInDistributionComputation_lbl" xml:lang="en-US" id="id_14489302_3553173_2_1"> Percentage of profit sharing applied in distribution computation </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfProfitSharingAppliedInDistributionComputation" xlink:to="pbr_PercentageOfProfitSharingAppliedInDistributionComputation_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfProfitSharingEquallyByAllEmployees" xlink:label="pbr_PercentageOfProfitSharingEquallyByAllEmployees"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfProfitSharingEquallyByAllEmployees_lbl" xml:lang="en-US" id="id_14489302_3526845_3_1"> Percentage of profit sharing equally by all employees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfProfitSharingEquallyByAllEmployees_lbl" xml:lang="en-US" id="id_14489302_3526845_1_1"> Percentage of Profit Sharing Equally by all Employees </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfProfitSharingEquallyByAllEmployees_lbl" xml:lang="en-US" id="id_14489302_3526845_2_1"> Percentage of profit distributed as a profit sharing benefit to employees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfProfitSharingEquallyByAllEmployees" xlink:to="pbr_PercentageOfProfitSharingEquallyByAllEmployees_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfProvedDevelopedReserves" xlink:label="pbr_PercentageOfProvedDevelopedReserves"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfProvedDevelopedReserves_lbl" xml:lang="en-US" id="id_14489302_3553255_3_1"> Percentage of proved developed reserves. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfProvedDevelopedReserves_lbl" xml:lang="en-US" id="id_14489302_3553255_1_1"> Percentage of proved developed reserves </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfProvedDevelopedReserves_lbl" xml:lang="en-US" id="id_14489302_3553255_2_1"> Percentage of proved developed reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfProvedDevelopedReserves" xlink:to="pbr_PercentageOfProvedDevelopedReserves_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfProvedUndevelopedReserves" xlink:label="pbr_PercentageOfProvedUndevelopedReserves"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfProvedUndevelopedReserves_lbl" xml:lang="en-US" id="id_14489302_3553261_3_1"> Percentage of proved undeveloped reserves. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfProvedUndevelopedReserves_lbl" xml:lang="en-US" id="id_14489302_3553261_1_1"> Percentage of proved undeveloped reserves </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfProvedUndevelopedReserves_lbl" xml:lang="en-US" id="id_14489302_3553261_2_1"> Percentage of proved undeveloped reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfProvedUndevelopedReserves" xlink:to="pbr_PercentageOfProvedUndevelopedReserves_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfReceivables" xlink:label="pbr_PercentageOfReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfReceivables_lbl" xml:lang="en-US" id="id_14489302_3527966_3_1"> Percentage of receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfReceivables_lbl" xml:lang="en-US" id="id_14489302_3527966_1_1"> Percentage of receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfReceivables_lbl" xml:lang="en-US" id="id_14489302_3527966_2_1"> Percentage of payables received </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfReceivables" xlink:to="pbr_PercentageOfReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfStatutoryReserve" xlink:label="pbr_PercentageOfStatutoryReserve"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfStatutoryReserve_lbl" xml:lang="en-US" id="id_14489302_3523769_3_1"> Percentage Of Statutory Reserve </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfStatutoryReserve_lbl" xml:lang="en-US" id="id_14489302_3523769_1_1"> Percentage Of Statutory Reserve </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfStatutoryReserve_lbl" xml:lang="en-US" id="id_14489302_3523769_2_1"> Percentage of legal reserve on net income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfStatutoryReserve" xlink:to="pbr_PercentageOfStatutoryReserve_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfTaxLossCarryforwardsSettlementOfDebt" xlink:label="pbr_PercentageOfTaxLossCarryforwardsSettlementOfDebt"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfTaxLossCarryforwardsSettlementOfDebt_lbl" xml:lang="en-US" id="id_14489302_3528037_3_1"> Percentage of tax loss carryforwards settlement of debt. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfTaxLossCarryforwardsSettlementOfDebt_lbl" xml:lang="en-US" id="id_14489302_3528037_1_1"> Percentage of tax loss carryforwards settlement of debt </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfTaxLossCarryforwardsSettlementOfDebt_lbl" xml:lang="en-US" id="id_14489302_3528037_2_1"> Percentage of tax loss carryforwards settlement of debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfTaxLossCarryforwardsSettlementOfDebt" xlink:to="pbr_PercentageOfTaxLossCarryforwardsSettlementOfDebt_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOfVotingInterestGranted" xlink:label="pbr_PercentageOfVotingInterestGranted"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOfVotingInterestGranted_lbl" xml:lang="en-US" id="id_14489302_3525091_3_1"> Percentage of voting interest granted. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOfVotingInterestGranted_lbl" xml:lang="en-US" id="id_14489302_3525091_1_1"> Percentage Of Voting Interest Granted </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOfVotingInterestGranted_lbl" xml:lang="en-US" id="id_14489302_3525091_2_1"> Percentage of voting interest granted </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOfVotingInterestGranted" xlink:to="pbr_PercentageOfVotingInterestGranted_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PercentageOnPreferredShareCapital" xlink:label="pbr_PercentageOnPreferredShareCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PercentageOnPreferredShareCapital_lbl" xml:lang="en-US" id="id_14489302_3523935_3_1"> Percentage on preferred share capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PercentageOnPreferredShareCapital_lbl" xml:lang="en-US" id="id_14489302_3523935_1_1"> Percentage on Preferred Share Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PercentageOnPreferredShareCapital_lbl" xml:lang="en-US" id="id_14489302_3523935_2_1"> Percentage On Preferred Share Capital </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PercentageOnPreferredShareCapital" xlink:to="pbr_PercentageOnPreferredShareCapital_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PerdidoFoldbeltAreaMember" xlink:label="pbr_PerdidoFoldbeltAreaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PerdidoFoldbeltAreaMember_lbl" xml:lang="en-US" id="id_14489302_3487657_3_1"> Perdido foldbelt area. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PerdidoFoldbeltAreaMember_lbl" xml:lang="en-US" id="id_14489302_3487657_1_1"> Perdido Foldbelt Area [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PerdidoFoldbeltAreaMember_lbl" xml:lang="en-US" id="id_14489302_3487657_2_1"> Perdido Foldbelt Area [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PerdidoFoldbeltAreaMember" xlink:to="pbr_PerdidoFoldbeltAreaMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PerformanceObligationsAxis" xlink:label="ifrs-full_PerformanceObligationsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PerformanceObligationsAxis_lbl" xml:lang="en-US" id="id_14489302_3422430_1_1"> Performance obligations [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PerformanceObligationsAxis_lbl" xml:lang="en-US" id="id_14489302_3422430_2_1"> Performance obligations [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PerformanceObligationsAxis" xlink:to="ifrs-full_PerformanceObligationsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PerformanceObligationsMember" xlink:label="ifrs-full_PerformanceObligationsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PerformanceObligationsMember_lbl" xml:lang="en-US" id="id_14489302_3422134_1_1"> Performance obligations [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PerformanceObligationsMember_lbl" xml:lang="en-US" id="id_14489302_3422134_2_1"> Performance obligations [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PerformanceObligationsMember" xlink:to="ifrs-full_PerformanceObligationsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PeriodOfPerCapitaHealthCareBenefitPaidUsedToProjectMedicalCostGrowthRates" xlink:label="pbr_PeriodOfPerCapitaHealthCareBenefitPaidUsedToProjectMedicalCostGrowthRates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PeriodOfPerCapitaHealthCareBenefitPaidUsedToProjectMedicalCostGrowthRates_lbl" xml:lang="en-US" id="id_14489302_3469285_3_1"> Period of per capita health care benefit paid used to project medical cost growth rates. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PeriodOfPerCapitaHealthCareBenefitPaidUsedToProjectMedicalCostGrowthRates_lbl" xml:lang="en-US" id="id_14489302_3469285_1_1"> Period of Per Capita Health Care Benefit Paid Used to Project Medical Cost Growth Rates </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PeriodOfPerCapitaHealthCareBenefitPaidUsedToProjectMedicalCostGrowthRates_lbl" xml:lang="en-US" id="id_14489302_3469285_2_1"> Medical cost, period of per capita health care benefits paid over used to project growth rates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PeriodOfPerCapitaHealthCareBenefitPaidUsedToProjectMedicalCostGrowthRates" xlink:to="pbr_PeriodOfPerCapitaHealthCareBenefitPaidUsedToProjectMedicalCostGrowthRates_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PeroaGroupMember" xlink:label="pbr_PeroaGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PeroaGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510350_3_1"> Peroa group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PeroaGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510350_1_1"> Peroa group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PeroaGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510350_2_1"> Peroa group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PeroaGroupMember" xlink:to="pbr_PeroaGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasAmericaIncMember" xlink:label="pbr_PetrobrasAmericaIncMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasAmericaIncMember_lbl" xml:lang="en-US" id="id_14489302_3553219_3_1"> Petrobras America Inc. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasAmericaIncMember_lbl" xml:lang="en-US" id="id_14489302_3553219_1_1"> Petrobras America Inc [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasAmericaIncMember_lbl" xml:lang="en-US" id="id_14489302_3553219_2_1"> Petrobras America Inc [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasAmericaIncMember" xlink:to="pbr_PetrobrasAmericaIncMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasAndTotalMember" xlink:label="pbr_PetrobrasAndTotalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasAndTotalMember_lbl" xml:lang="en-US" id="id_14489302_3553301_3_1"> Petrobras and total. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasAndTotalMember_lbl" xml:lang="en-US" id="id_14489302_3553301_1_1"> Petrobras and total [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasAndTotalMember_lbl" xml:lang="en-US" id="id_14489302_3553301_2_1"> Petrobras and total [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasAndTotalMember" xlink:to="pbr_PetrobrasAndTotalMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasArgentinaMember" xlink:label="pbr_PetrobrasArgentinaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasArgentinaMember_lbl" xml:lang="en-US" id="id_14489302_3492077_3_1"> Petrobras Argentina S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasArgentinaMember_lbl" xml:lang="en-US" id="id_14489302_3492077_1_1"> Petrobras Argentina S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasArgentinaMember_lbl" xml:lang="en-US" id="id_14489302_3492077_2_1"> Petrobras Argentina S.A. [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasArgentinaMember" xlink:to="pbr_PetrobrasArgentinaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasBiocombustivelSAMember" xlink:label="pbr_PetrobrasBiocombustivelSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasBiocombustivelSAMember_lbl" xml:lang="en-US" id="id_14489302_3487512_3_1"> Petrobras Biocombustivel S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasBiocombustivelSAMember_lbl" xml:lang="en-US" id="id_14489302_3487512_1_1"> Petrobras Biocombustivel S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasBiocombustivelSAMember_lbl" xml:lang="en-US" id="id_14489302_3487512_2_1"> Petrobras Biocombustivel S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasBiocombustivelSAMember" xlink:to="pbr_PetrobrasBiocombustivelSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasChileDistribucionMember" xlink:label="pbr_PetrobrasChileDistribucionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasChileDistribucionMember_lbl" xml:lang="en-US" id="id_14489302_3492026_3_1"> Petrobras Chile distribution. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasChileDistribucionMember_lbl" xml:lang="en-US" id="id_14489302_3492026_1_1"> Petrobras chile distribucion [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasChileDistribucionMember_lbl" xml:lang="en-US" id="id_14489302_3492026_2_1"> Petrobras Chile distribucin [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasChileDistribucionMember" xlink:to="pbr_PetrobrasChileDistribucionMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasComercializadoraDeEnergiaLtdaPBENMember" xlink:label="pbr_PetrobrasComercializadoraDeEnergiaLtdaPBENMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasComercializadoraDeEnergiaLtdaPBENMember_lbl" xml:lang="en-US" id="id_14489302_3487529_3_1"> Petrobras Comercializadora de Energia Ltda.PBEN. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasComercializadoraDeEnergiaLtdaPBENMember_lbl" xml:lang="en-US" id="id_14489302_3487529_1_1"> Petrobras Comercializadora de Energia Ltda.PBEN [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasComercializadoraDeEnergiaLtdaPBENMember_lbl" xml:lang="en-US" id="id_14489302_3487529_2_1"> Petrobras Comercializadora de Energia Ltda.PBEN [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasComercializadoraDeEnergiaLtdaPBENMember" xlink:to="pbr_PetrobrasComercializadoraDeEnergiaLtdaPBENMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasDistribuidoraSABRMember" xlink:label="pbr_PetrobrasDistribuidoraSABRMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasDistribuidoraSABRMember_lbl" xml:lang="en-US" id="id_14489302_3487627_3_1"> Petrobras Distribuidora S. A.- B R. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasDistribuidoraSABRMember_lbl" xml:lang="en-US" id="id_14489302_3487627_1_1"> Petrobras Distribuidora S. A.- B R [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasDistribuidoraSABRMember_lbl" xml:lang="en-US" id="id_14489302_3487627_2_1"> Petrobras Distribuidora S. A.- B R [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasDistribuidoraSABRMember" xlink:to="pbr_PetrobrasDistribuidoraSABRMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasGasSAGaspetroMember" xlink:label="pbr_PetrobrasGasSAGaspetroMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasGasSAGaspetroMember_lbl" xml:lang="en-US" id="id_14489302_3487511_3_1"> Petrobras Gas S.A.-Gaspetro </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasGasSAGaspetroMember_lbl" xml:lang="en-US" id="id_14489302_3487511_1_1"> Petrobras Gas S.A.-Gaspetro [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasGasSAGaspetroMember_lbl" xml:lang="en-US" id="id_14489302_3487511_2_1"> Petrobras Gas S.A.-Gaspetro [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasGasSAGaspetroMember" xlink:to="pbr_PetrobrasGasSAGaspetroMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasGlobalTradingBVMember" xlink:label="pbr_PetrobrasGlobalTradingBVMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasGlobalTradingBVMember_lbl" xml:lang="en-US" id="id_14489302_3487806_3_1"> Petrobras global trading BV. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasGlobalTradingBVMember_lbl" xml:lang="en-US" id="id_14489302_3487806_1_1"> Petrobras Global Trading BV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasGlobalTradingBVMember_lbl" xml:lang="en-US" id="id_14489302_3487806_2_1"> Petrobras Global Trading BV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasGlobalTradingBVMember" xlink:to="pbr_PetrobrasGlobalTradingBVMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasInternationalBraspetroPibbvMember" xlink:label="pbr_PetrobrasInternationalBraspetroPibbvMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasInternationalBraspetroPibbvMember_lbl" xml:lang="en-US" id="id_14489302_3487716_3_1"> Petrobras international braspetro pibbv member </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasInternationalBraspetroPibbvMember_lbl" xml:lang="en-US" id="id_14489302_3487716_1_1"> Petrobras International Braspetro PIBBV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasInternationalBraspetroPibbvMember_lbl" xml:lang="en-US" id="id_14489302_3487716_2_1"> Petrobras International Braspetro PIBBV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasInternationalBraspetroPibbvMember" xlink:to="pbr_PetrobrasInternationalBraspetroPibbvMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasLogisticaDeExploracaoEProducaoSAPBLOGMember" xlink:label="pbr_PetrobrasLogisticaDeExploracaoEProducaoSAPBLOGMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasLogisticaDeExploracaoEProducaoSAPBLOGMember_lbl" xml:lang="en-US" id="id_14489302_3487625_3_1"> Petrobras Logistica de Exploracao e Producao S.A.-PB-LOG. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasLogisticaDeExploracaoEProducaoSAPBLOGMember_lbl" xml:lang="en-US" id="id_14489302_3487625_1_1"> Petrobras Logistica de Exploracao e Producao S.A.-PB-LOG [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasLogisticaDeExploracaoEProducaoSAPBLOGMember_lbl" xml:lang="en-US" id="id_14489302_3487625_2_1"> Producao S.A. - PB-LOG [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasLogisticaDeExploracaoEProducaoSAPBLOGMember" xlink:to="pbr_PetrobrasLogisticaDeExploracaoEProducaoSAPBLOGMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasLogisticaDeGasLogigasMember" xlink:label="pbr_PetrobrasLogisticaDeGasLogigasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasLogisticaDeGasLogigasMember_lbl" xml:lang="en-US" id="id_14489302_3487513_3_1"> Petrobras Logistica de GasLogigas. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasLogisticaDeGasLogigasMember_lbl" xml:lang="en-US" id="id_14489302_3487513_1_1"> Petrobras Logistica de GasLogigas [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasLogisticaDeGasLogigasMember_lbl" xml:lang="en-US" id="id_14489302_3487513_2_1"> Petrobras Logistica de GasLogigas [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasLogisticaDeGasLogigasMember" xlink:to="pbr_PetrobrasLogisticaDeGasLogigasMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasMember" xlink:label="pbr_PetrobrasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasMember_lbl" xml:lang="en-US" id="id_14489302_3530740_3_1"> Petrobras. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasMember_lbl" xml:lang="en-US" id="id_14489302_3530740_1_1"> Petrobras [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasMember_lbl" xml:lang="en-US" id="id_14489302_3530740_2_1"> Petrobras [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasMember" xlink:to="pbr_PetrobrasMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasNegociosEletronicosSAEPetroMember" xlink:label="pbr_PetrobrasNegociosEletronicosSAEPetroMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasNegociosEletronicosSAEPetroMember_lbl" xml:lang="en-US" id="id_14489302_3498365_3_1"> Petrobras Negocios Eletronicos SAE Petro. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasNegociosEletronicosSAEPetroMember_lbl" xml:lang="en-US" id="id_14489302_3498365_1_1"> Petrobras Negocios Eletronicos SAE Petro [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasNegociosEletronicosSAEPetroMember_lbl" xml:lang="en-US" id="id_14489302_3498365_2_1"> Petrobras Negocios Eletronicos SAE Petro [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasNegociosEletronicosSAEPetroMember" xlink:to="pbr_PetrobrasNegociosEletronicosSAEPetroMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasNetherlandsBVPNBVMember" xlink:label="pbr_PetrobrasNetherlandsBVPNBVMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasNetherlandsBVPNBVMember_lbl" xml:lang="en-US" id="id_14489302_3498364_3_1"> Petrobras Netherlands BV PNBV. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasNetherlandsBVPNBVMember_lbl" xml:lang="en-US" id="id_14489302_3498364_1_1"> Petrobras Netherlands BV PNBV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasNetherlandsBVPNBVMember_lbl" xml:lang="en-US" id="id_14489302_3498364_2_1"> Petrobras Netherlands BV PNBV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasNetherlandsBVPNBVMember" xlink:to="pbr_PetrobrasNetherlandsBVPNBVMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasOilAndGasBVPOAndGMember" xlink:label="pbr_PetrobrasOilAndGasBVPOAndGMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasOilAndGasBVPOAndGMember_lbl" xml:lang="en-US" id="id_14489302_3487516_3_1"> Petrobras Oil & Gas B.V.-PO&G. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasOilAndGasBVPOAndGMember_lbl" xml:lang="en-US" id="id_14489302_3487516_1_1"> Petrobras Oil & Gas B.V.-PO&G [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasOilAndGasBVPOAndGMember_lbl" xml:lang="en-US" id="id_14489302_3487516_2_1"> Petrobras Oil & Gas B.V.-PO&G [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasOilAndGasBVPOAndGMember" xlink:to="pbr_PetrobrasOilAndGasBVPOAndGMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrobrasTransporteSATranspetroMember" xlink:label="pbr_PetrobrasTransporteSATranspetroMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrobrasTransporteSATranspetroMember_lbl" xml:lang="en-US" id="id_14489302_3487510_3_1"> Producao S.A. - PB-LOG </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrobrasTransporteSATranspetroMember_lbl" xml:lang="en-US" id="id_14489302_3487510_1_1"> Petrobras Transporte S.A.-Transpetro [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrobrasTransporteSATranspetroMember_lbl" xml:lang="en-US" id="id_14489302_3487510_2_1"> Petrobras Transporte S.A.-Transpetro [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrobrasTransporteSATranspetroMember" xlink:to="pbr_PetrobrasTransporteSATranspetroMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrochemicalCompaniesMember" xlink:label="pbr_PetrochemicalCompaniesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrochemicalCompaniesMember_lbl" xml:lang="en-US" id="id_14489302_3491972_3_1"> Petrochemical companies. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrochemicalCompaniesMember_lbl" xml:lang="en-US" id="id_14489302_3491972_1_1"> Petrochemical companies [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrochemicalCompaniesMember_lbl" xml:lang="en-US" id="id_14489302_3491972_2_1"> Petrochemical Companies [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrochemicalCompaniesMember" xlink:to="pbr_PetrochemicalCompaniesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrochemicalJointVenturesMember" xlink:label="pbr_PetrochemicalJointVenturesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrochemicalJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3510313_3_1"> Petrochemical joint ventures.] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrochemicalJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3510313_1_1"> Petrochemical Joint Ventures [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrochemicalJointVenturesMember_lbl" xml:lang="en-US" id="id_14489302_3510313_2_1"> Petrochemical Joint Ventures [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrochemicalJointVenturesMember" xlink:to="pbr_PetrochemicalJointVenturesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrocoqueSAIndustriaEComercioMember" xlink:label="pbr_PetrocoqueSAIndustriaEComercioMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrocoqueSAIndustriaEComercioMember_lbl" xml:lang="en-US" id="id_14489302_3487539_3_1"> Petrocoque S.A. Industria e Comercio. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrocoqueSAIndustriaEComercioMember_lbl" xml:lang="en-US" id="id_14489302_3487539_1_1"> Petrocoque S.A. Industria e Comercio [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrocoqueSAIndustriaEComercioMember_lbl" xml:lang="en-US" id="id_14489302_3487539_2_1"> Petrocoque S.A. Industria e Comercio [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrocoqueSAIndustriaEComercioMember" xlink:to="pbr_PetrocoqueSAIndustriaEComercioMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetroleoBrasileiroSaMember" xlink:label="pbr_PetroleoBrasileiroSaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetroleoBrasileiroSaMember_lbl" xml:lang="en-US" id="id_14489302_3491855_3_1"> Petroleo Brasileiro S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetroleoBrasileiroSaMember_lbl" xml:lang="en-US" id="id_14489302_3491855_1_1"> Petroleo Brasileiro S-A [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetroleoBrasileiroSaMember_lbl" xml:lang="en-US" id="id_14489302_3491855_2_1"> Petroleo Brasileiro S-A [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetroleoBrasileiroSaMember" xlink:to="pbr_PetroleoBrasileiroSaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetroleumAndAlcoholAccountReceivableFromTheBrazilianGovernmentMember" xlink:label="pbr_PetroleumAndAlcoholAccountReceivableFromTheBrazilianGovernmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetroleumAndAlcoholAccountReceivableFromTheBrazilianGovernmentMember_lbl" xml:lang="en-US" id="id_14489302_3491975_3_1"> Petroleum and alcohol account receivable from the electricity brazilian government sector. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetroleumAndAlcoholAccountReceivableFromTheBrazilianGovernmentMember_lbl" xml:lang="en-US" id="id_14489302_3491975_1_1"> Petroleum and Alcohol Account Receivable from the Brazilian Government [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetroleumAndAlcoholAccountReceivableFromTheBrazilianGovernmentMember_lbl" xml:lang="en-US" id="id_14489302_3491975_2_1"> Petroleum and Alcohol Account Receivable from the Brazilian Government [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetroleumAndAlcoholAccountReceivableFromTheBrazilianGovernmentMember" xlink:to="pbr_PetroleumAndAlcoholAccountReceivableFromTheBrazilianGovernmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetroleumAndAlcoholAccountsFromBrazilianGovernmentMember" xlink:label="pbr_PetroleumAndAlcoholAccountsFromBrazilianGovernmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetroleumAndAlcoholAccountsFromBrazilianGovernmentMember_lbl" xml:lang="en-US" id="id_14489302_3491976_3_1"> Petroleum and alcohol accounts from Brazilian government. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetroleumAndAlcoholAccountsFromBrazilianGovernmentMember_lbl" xml:lang="en-US" id="id_14489302_3491976_1_1"> Petroleum and alcohol accounts from brazilian government [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetroleumAndAlcoholAccountsFromBrazilianGovernmentMember_lbl" xml:lang="en-US" id="id_14489302_3491976_2_1"> Petroleum and alcohol accounts from Brazilian government [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetroleumAndAlcoholAccountsFromBrazilianGovernmentMember" xlink:to="pbr_PetroleumAndAlcoholAccountsFromBrazilianGovernmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetroleumAndAlcoholAccountsMember" xlink:label="pbr_PetroleumAndAlcoholAccountsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetroleumAndAlcoholAccountsMember_lbl" xml:lang="en-US" id="id_14489302_3491933_3_1"> Petroleum and alcohol accounts. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetroleumAndAlcoholAccountsMember_lbl" xml:lang="en-US" id="id_14489302_3491933_1_1"> Petroleum And Alcohol Accounts [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetroleumAndAlcoholAccountsMember_lbl" xml:lang="en-US" id="id_14489302_3491933_2_1"> Petroleum and Alcohol Accounts [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetroleumAndAlcoholAccountsMember" xlink:to="pbr_PetroleumAndAlcoholAccountsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrosNonrenegotiatedPensionPlanMember" xlink:label="pbr_PetrosNonrenegotiatedPensionPlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrosNonrenegotiatedPensionPlanMember_lbl" xml:lang="en-US" id="id_14489302_3495667_3_1"> Petros nonrenegotiated pension plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrosNonrenegotiatedPensionPlanMember_lbl" xml:lang="en-US" id="id_14489302_3495667_1_1"> Petros nonrenegotiated pension plan [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrosNonrenegotiatedPensionPlanMember_lbl" xml:lang="en-US" id="id_14489302_3495667_2_1"> Petros nonrenegotiated pension plan [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrosNonrenegotiatedPensionPlanMember" xlink:to="pbr_PetrosNonrenegotiatedPensionPlanMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrosPensionPlanMember" xlink:label="pbr_PetrosPensionPlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrosPensionPlanMember_lbl" xml:lang="en-US" id="id_14489302_3492086_3_1"> Petros pension plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrosPensionPlanMember_lbl" xml:lang="en-US" id="id_14489302_3492086_1_1"> Petros pension plan [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrosPensionPlanMember_lbl" xml:lang="en-US" id="id_14489302_3492086_2_1"> Petros Pension Plan [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrosPensionPlanMember" xlink:to="pbr_PetrosPensionPlanMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrosPensionPlanNonRenegotiatedMember" xlink:label="pbr_PetrosPensionPlanNonRenegotiatedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrosPensionPlanNonRenegotiatedMember_lbl" xml:lang="en-US" id="id_14489302_3541087_3_1"> Petros pension plan- non- renegotiated. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrosPensionPlanNonRenegotiatedMember_lbl" xml:lang="en-US" id="id_14489302_3541087_1_1"> Petros Pension Plan- Non- renegotiated [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrosPensionPlanNonRenegotiatedMember_lbl" xml:lang="en-US" id="id_14489302_3541087_2_1"> Petros Pension Plan- Non- renegotiated [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrosPensionPlanNonRenegotiatedMember" xlink:to="pbr_PetrosPensionPlanNonRenegotiatedMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrosPensionPlanRenegotiatedAndNonRenegotiatedMember" xlink:label="pbr_PetrosPensionPlanRenegotiatedAndNonRenegotiatedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrosPensionPlanRenegotiatedAndNonRenegotiatedMember_lbl" xml:lang="en-US" id="id_14489302_3553204_3_1"> Petros pension plan- renegotiated and non renegotiated. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrosPensionPlanRenegotiatedAndNonRenegotiatedMember_lbl" xml:lang="en-US" id="id_14489302_3553204_1_1"> Petros pension plan- renegotiated and non renegotiated [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrosPensionPlanRenegotiatedAndNonRenegotiatedMember_lbl" xml:lang="en-US" id="id_14489302_3553204_2_1"> Petros pension plan- renegotiated and non renegotiated [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrosPensionPlanRenegotiatedAndNonRenegotiatedMember" xlink:to="pbr_PetrosPensionPlanRenegotiatedAndNonRenegotiatedMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrosPensionPlanRenegotiatedMember" xlink:label="pbr_PetrosPensionPlanRenegotiatedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrosPensionPlanRenegotiatedMember_lbl" xml:lang="en-US" id="id_14489302_3541086_3_1"> Petros pension plan- renegotiated. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrosPensionPlanRenegotiatedMember_lbl" xml:lang="en-US" id="id_14489302_3541086_1_1"> Petros Pension Plan- Renegotiated [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrosPensionPlanRenegotiatedMember_lbl" xml:lang="en-US" id="id_14489302_3541086_2_1"> Petros Pension Plan- Renegotiated [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrosPensionPlanRenegotiatedMember" xlink:to="pbr_PetrosPensionPlanRenegotiatedMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrosPlanMember" xlink:label="pbr_PetrosPlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrosPlanMember_lbl" xml:lang="en-US" id="id_14489302_3510368_3_1"> Petros plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrosPlanMember_lbl" xml:lang="en-US" id="id_14489302_3510368_1_1"> Petros plan [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrosPlanMember_lbl" xml:lang="en-US" id="id_14489302_3510368_2_1"> Petros plan [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrosPlanMember" xlink:to="pbr_PetrosPlanMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrosRenegotiatedPensionPlanMember" xlink:label="pbr_PetrosRenegotiatedPensionPlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrosRenegotiatedPensionPlanMember_lbl" xml:lang="en-US" id="id_14489302_3495666_3_1"> Petros renegotiated pension plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrosRenegotiatedPensionPlanMember_lbl" xml:lang="en-US" id="id_14489302_3495666_1_1"> Petros renegotiated pension plan [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrosRenegotiatedPensionPlanMember_lbl" xml:lang="en-US" id="id_14489302_3495666_2_1"> Petros renegotiated pension plan [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrosRenegotiatedPensionPlanMember" xlink:to="pbr_PetrosRenegotiatedPensionPlanMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrosTwoPensionPlanMember" xlink:label="pbr_PetrosTwoPensionPlanMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrosTwoPensionPlanMember_lbl" xml:lang="en-US" id="id_14489302_3492087_3_1"> Petros two pension plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrosTwoPensionPlanMember_lbl" xml:lang="en-US" id="id_14489302_3492087_1_1"> Petros two pension plan [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrosTwoPensionPlanMember_lbl" xml:lang="en-US" id="id_14489302_3492087_2_1"> Petros 2 Pension Plan [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrosTwoPensionPlanMember" xlink:to="pbr_PetrosTwoPensionPlanMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PetrovidaHoldingBVMember" xlink:label="pbr_PetrovidaHoldingBVMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PetrovidaHoldingBVMember_lbl" xml:lang="en-US" id="id_14489302_3553307_3_1"> C Petrovida Holding BV. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PetrovidaHoldingBVMember_lbl" xml:lang="en-US" id="id_14489302_3553307_1_1"> C Petrovida Holding BV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PetrovidaHoldingBVMember_lbl" xml:lang="en-US" id="id_14489302_3553307_2_1"> C Petrovida Holding BV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PetrovidaHoldingBVMember" xlink:to="pbr_PetrovidaHoldingBVMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PiranemaMember" xlink:label="pbr_PiranemaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PiranemaMember_lbl" xml:lang="en-US" id="id_14489302_3487741_3_1"> Piranema. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PiranemaMember_lbl" xml:lang="en-US" id="id_14489302_3487741_1_1"> Piranema [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PiranemaMember_lbl" xml:lang="en-US" id="id_14489302_3487741_2_1"> Piranema [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PiranemaMember" xlink:to="pbr_PiranemaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PisAndCofinsMember" xlink:label="pbr_PisAndCofinsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PisAndCofinsMember_lbl" xml:lang="en-US" id="id_14489302_3491248_3_1"> PIS and COFINS. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PisAndCofinsMember_lbl" xml:lang="en-US" id="id_14489302_3491248_1_1"> PIS and COFINS [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PisAndCofinsMember_lbl" xml:lang="en-US" id="id_14489302_3491248_2_1"> PIS and COFINS [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PisAndCofinsMember" xlink:to="pbr_PisAndCofinsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToCivilMattersOneMember" xlink:label="pbr_PlaintiffRelatedToCivilMattersOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToCivilMattersOneMember_lbl" xml:lang="en-US" id="id_14489302_3488996_3_1"> Plaintiff related to civil matters one [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToCivilMattersOneMember_lbl" xml:lang="en-US" id="id_14489302_3488996_1_1"> Plaintiff Related To Civil Matters One [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToCivilMattersOneMember_lbl" xml:lang="en-US" id="id_14489302_3488996_2_1"> Plaintiff Related To Civil Matters One [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToCivilMattersOneMember" xlink:to="pbr_PlaintiffRelatedToCivilMattersOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToCivilMattersThreeMember" xlink:label="pbr_PlaintiffRelatedToCivilMattersThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToCivilMattersThreeMember_lbl" xml:lang="en-US" id="id_14489302_3488942_3_1"> Plaintiff related to civil matters three. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToCivilMattersThreeMember_lbl" xml:lang="en-US" id="id_14489302_3488942_1_1"> Plaintiff related to civil matters three [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToCivilMattersThreeMember_lbl" xml:lang="en-US" id="id_14489302_3488942_2_1"> Plaintiff related to civil matters three [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToCivilMattersThreeMember" xlink:to="pbr_PlaintiffRelatedToCivilMattersThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToCivilMattersTwoMember" xlink:label="pbr_PlaintiffRelatedToCivilMattersTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToCivilMattersTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488977_3_1"> Plaintiff related to civil matters two. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToCivilMattersTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488977_1_1"> Plaintiff Related To Civil Matters Two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToCivilMattersTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488977_2_1"> Plaintiff Related To Civil Matters Two [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToCivilMattersTwoMember" xlink:to="pbr_PlaintiffRelatedToCivilMattersTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToEnvironmentalMattersOneMember" xlink:label="pbr_PlaintiffRelatedToEnvironmentalMattersOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToEnvironmentalMattersOneMember_lbl" xml:lang="en-US" id="id_14489302_3488945_3_1"> Plaintiff related to environmental matters one. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToEnvironmentalMattersOneMember_lbl" xml:lang="en-US" id="id_14489302_3488945_1_1"> Plaintiff related to environmental matters one [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToEnvironmentalMattersOneMember_lbl" xml:lang="en-US" id="id_14489302_3488945_2_1"> Plaintiff related to environmental matters one [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToEnvironmentalMattersOneMember" xlink:to="pbr_PlaintiffRelatedToEnvironmentalMattersOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToEnvironmentalMattersThreeMember" xlink:label="pbr_PlaintiffRelatedToEnvironmentalMattersThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToEnvironmentalMattersThreeMember_lbl" xml:lang="en-US" id="id_14489302_3553253_3_1"> Plaintiff related to environmental matters three. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToEnvironmentalMattersThreeMember_lbl" xml:lang="en-US" id="id_14489302_3553253_1_1"> Plaintiff related to environmental matters three [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToEnvironmentalMattersThreeMember_lbl" xml:lang="en-US" id="id_14489302_3553253_2_1"> Plaintiff related to environmental matters three [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToEnvironmentalMattersThreeMember" xlink:to="pbr_PlaintiffRelatedToEnvironmentalMattersThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToEnvironmentalMattersTwoMember" xlink:label="pbr_PlaintiffRelatedToEnvironmentalMattersTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToEnvironmentalMattersTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488946_3_1"> Plaintiff related to environmental matters two. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToEnvironmentalMattersTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488946_1_1"> Plaintiff related to environmental matters two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToEnvironmentalMattersTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488946_2_1"> Plaintiff related to environmental matters two [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToEnvironmentalMattersTwoMember" xlink:to="pbr_PlaintiffRelatedToEnvironmentalMattersTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToLabourMattersOneMember" xlink:label="pbr_PlaintiffRelatedToLabourMattersOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToLabourMattersOneMember_lbl" xml:lang="en-US" id="id_14489302_3488993_3_1"> Plaintiff related to labour matters one. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToLabourMattersOneMember_lbl" xml:lang="en-US" id="id_14489302_3488993_1_1"> Plaintiff Related To Labour Matters One [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToLabourMattersOneMember_lbl" xml:lang="en-US" id="id_14489302_3488993_2_1"> Plaintiff Related To Labour Matters One [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToLabourMattersOneMember" xlink:to="pbr_PlaintiffRelatedToLabourMattersOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToLabourMattersTwoMember" xlink:label="pbr_PlaintiffRelatedToLabourMattersTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToLabourMattersTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488991_3_1"> Plaintiff related to labour matters two. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToLabourMattersTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488991_1_1"> Plaintiff Related To Labour Matters Two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToLabourMattersTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488991_2_1"> Plaintiff Related To Labour Matters Two [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToLabourMattersTwoMember" xlink:to="pbr_PlaintiffRelatedToLabourMattersTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxEightMember" xlink:label="pbr_PlaintiffRelatedToTaxEightMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxEightMember_lbl" xml:lang="en-US" id="id_14489302_3498415_3_1"> Plaintiff related to tax eight. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxEightMember_lbl" xml:lang="en-US" id="id_14489302_3498415_1_1"> Plaintiff Related To Tax Eight [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxEightMember_lbl" xml:lang="en-US" id="id_14489302_3498415_2_1"> Plaintiff related to tax eight [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxEightMember" xlink:to="pbr_PlaintiffRelatedToTaxEightMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxElevenMember" xlink:label="pbr_PlaintiffRelatedToTaxElevenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxElevenMember_lbl" xml:lang="en-US" id="id_14489302_3498412_3_1"> Plaintiff related to tax eleven. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxElevenMember_lbl" xml:lang="en-US" id="id_14489302_3498412_1_1"> Plaintiff Related To Tax Eleven [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxElevenMember_lbl" xml:lang="en-US" id="id_14489302_3498412_2_1"> Plaintiff Related To Tax Eleven [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxElevenMember" xlink:to="pbr_PlaintiffRelatedToTaxElevenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxFifteenMember" xlink:label="pbr_PlaintiffRelatedToTaxFifteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxFifteenMember_lbl" xml:lang="en-US" id="id_14489302_3495293_3_1"> Plaintiff Related To Tax Fifteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxFifteenMember_lbl" xml:lang="en-US" id="id_14489302_3495293_1_1"> Plaintiff Related To Tax Fifteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxFifteenMember_lbl" xml:lang="en-US" id="id_14489302_3495293_2_1"> Plaintiff Related To Tax Fifteen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxFifteenMember" xlink:to="pbr_PlaintiffRelatedToTaxFifteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxFiveMember" xlink:label="pbr_PlaintiffRelatedToTaxFiveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxFiveMember_lbl" xml:lang="en-US" id="id_14489302_3498417_3_1"> Plaintiff related to tax five. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxFiveMember_lbl" xml:lang="en-US" id="id_14489302_3498417_1_1"> Plaintiff Related To Tax Five [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxFiveMember_lbl" xml:lang="en-US" id="id_14489302_3498417_2_1"> Plaintiff Related To Tax Five [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxFiveMember" xlink:to="pbr_PlaintiffRelatedToTaxFiveMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxFourMember" xlink:label="pbr_PlaintiffRelatedToTaxFourMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxFourMember_lbl" xml:lang="en-US" id="id_14489302_3498545_3_1"> Plaintiff related to tax four. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxFourMember_lbl" xml:lang="en-US" id="id_14489302_3498545_1_1"> Plaintiff Related To Tax Four [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxFourMember_lbl" xml:lang="en-US" id="id_14489302_3498545_2_1"> Plaintiff Related To Tax Four [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxFourMember" xlink:to="pbr_PlaintiffRelatedToTaxFourMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxFourteenMember" xlink:label="pbr_PlaintiffRelatedToTaxFourteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxFourteenMember_lbl" xml:lang="en-US" id="id_14489302_3498420_3_1"> Plaintiff related to tax fourteen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxFourteenMember_lbl" xml:lang="en-US" id="id_14489302_3498420_1_1"> Plaintiff Related To Tax Fourteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxFourteenMember_lbl" xml:lang="en-US" id="id_14489302_3498420_2_1"> Plaintiff Related To Tax Fourteen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxFourteenMember" xlink:to="pbr_PlaintiffRelatedToTaxFourteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxNineMember" xlink:label="pbr_PlaintiffRelatedToTaxNineMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxNineMember_lbl" xml:lang="en-US" id="id_14489302_3498414_3_1"> Plaintiff related to tax nine. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxNineMember_lbl" xml:lang="en-US" id="id_14489302_3498414_1_1"> Plaintiff Related To Tax Nine [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxNineMember_lbl" xml:lang="en-US" id="id_14489302_3498414_2_1"> Plaintiff related to tax eight [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxNineMember" xlink:to="pbr_PlaintiffRelatedToTaxNineMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxOneMember" xlink:label="pbr_PlaintiffRelatedToTaxOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxOneMember_lbl" xml:lang="en-US" id="id_14489302_3498548_3_1"> Plaintiff related to tax one. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxOneMember_lbl" xml:lang="en-US" id="id_14489302_3498548_1_1"> Plaintiff Related To Tax One [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxOneMember_lbl" xml:lang="en-US" id="id_14489302_3498548_2_1"> Plaintiff Related To Tax One [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxOneMember" xlink:to="pbr_PlaintiffRelatedToTaxOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxSevenMember" xlink:label="pbr_PlaintiffRelatedToTaxSevenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxSevenMember_lbl" xml:lang="en-US" id="id_14489302_3498416_3_1"> Plaintiff related to tax seven. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxSevenMember_lbl" xml:lang="en-US" id="id_14489302_3498416_1_1"> Plaintiff Related To Tax Seven [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxSevenMember_lbl" xml:lang="en-US" id="id_14489302_3498416_2_1"> Plaintiff Related To Tax Seven [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxSevenMember" xlink:to="pbr_PlaintiffRelatedToTaxSevenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxSeventeenMember" xlink:label="pbr_PlaintiffRelatedToTaxSeventeenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxSeventeenMember_lbl" xml:lang="en-US" id="id_14489302_3553270_3_1"> Plaintiff related to tax seventeen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxSeventeenMember_lbl" xml:lang="en-US" id="id_14489302_3553270_1_1"> Plaintiff Related To Tax Seventeen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxSeventeenMember_lbl" xml:lang="en-US" id="id_14489302_3553270_2_1"> Plaintiff Related To Tax Seventeen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxSeventeenMember" xlink:to="pbr_PlaintiffRelatedToTaxSeventeenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxSixMember" xlink:label="pbr_PlaintiffRelatedToTaxSixMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxSixMember_lbl" xml:lang="en-US" id="id_14489302_3530720_3_1"> Plaintiff related to tax six. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxSixMember_lbl" xml:lang="en-US" id="id_14489302_3530720_1_1"> Plaintiff Related To Tax Six [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxSixMember_lbl" xml:lang="en-US" id="id_14489302_3530720_2_1"> Plaintiff Related To Tax Six [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxSixMember" xlink:to="pbr_PlaintiffRelatedToTaxSixMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxSixteenMember" xlink:label="pbr_PlaintiffRelatedToTaxSixteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxSixteenMember_lbl" xml:lang="en-US" id="id_14489302_3541157_3_1"> Plaintiff related to tax sixteen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxSixteenMember_lbl" xml:lang="en-US" id="id_14489302_3541157_1_1"> Plaintiff Related To Tax Sixteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxSixteenMember_lbl" xml:lang="en-US" id="id_14489302_3541157_2_1"> Plaintiff Related To Tax Sixteen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxSixteenMember" xlink:to="pbr_PlaintiffRelatedToTaxSixteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxTenMember" xlink:label="pbr_PlaintiffRelatedToTaxTenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxTenMember_lbl" xml:lang="en-US" id="id_14489302_3498413_3_1"> Plaintiff related to tax ten. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxTenMember_lbl" xml:lang="en-US" id="id_14489302_3498413_1_1"> Plaintiff Related To Tax Ten [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxTenMember_lbl" xml:lang="en-US" id="id_14489302_3498413_2_1"> Plaintiff Related To Tax Ten [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxTenMember" xlink:to="pbr_PlaintiffRelatedToTaxTenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxThirteenMember" xlink:label="pbr_PlaintiffRelatedToTaxThirteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxThirteenMember_lbl" xml:lang="en-US" id="id_14489302_3498421_3_1"> Plaintiff related to tax thirteen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxThirteenMember_lbl" xml:lang="en-US" id="id_14489302_3498421_1_1"> Plaintiff Related To Tax Thirteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxThirteenMember_lbl" xml:lang="en-US" id="id_14489302_3498421_2_1"> Plaintiff Related To Tax Thirteen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxThirteenMember" xlink:to="pbr_PlaintiffRelatedToTaxThirteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxThreeMember" xlink:label="pbr_PlaintiffRelatedToTaxThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxThreeMember_lbl" xml:lang="en-US" id="id_14489302_3498546_3_1"> Plaintiff related to tax three. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxThreeMember_lbl" xml:lang="en-US" id="id_14489302_3498546_1_1"> Plaintiff Related To Tax Three [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxThreeMember_lbl" xml:lang="en-US" id="id_14489302_3498546_2_1"> Plaintiff Related To Tax Three [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxThreeMember" xlink:to="pbr_PlaintiffRelatedToTaxThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxTwelveMember" xlink:label="pbr_PlaintiffRelatedToTaxTwelveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxTwelveMember_lbl" xml:lang="en-US" id="id_14489302_3498423_3_1"> Plaintiff related to tax twelve. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxTwelveMember_lbl" xml:lang="en-US" id="id_14489302_3498423_1_1"> Plaintiff Related To Tax Twelve [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxTwelveMember_lbl" xml:lang="en-US" id="id_14489302_3498423_2_1"> Plaintiff Related To Tax Twelve [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxTwelveMember" xlink:to="pbr_PlaintiffRelatedToTaxTwelveMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlaintiffRelatedToTaxTwoMember" xlink:label="pbr_PlaintiffRelatedToTaxTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlaintiffRelatedToTaxTwoMember_lbl" xml:lang="en-US" id="id_14489302_3498547_3_1"> Plaintiff related to tax two. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlaintiffRelatedToTaxTwoMember_lbl" xml:lang="en-US" id="id_14489302_3498547_1_1"> Plaintiff Related To Tax Two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlaintiffRelatedToTaxTwoMember_lbl" xml:lang="en-US" id="id_14489302_3498547_2_1"> Plaintiff Related To Tax Two [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlaintiffRelatedToTaxTwoMember" xlink:to="pbr_PlaintiffRelatedToTaxTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PlanAssetsAtFairValue" xlink:label="ifrs-full_PlanAssetsAtFairValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PlanAssetsAtFairValue_lbl" xml:lang="en-US" id="id_14489302_3422597_1_1"> Plan assets, at fair value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PlanAssetsAtFairValue_lbl" xml:lang="en-US" id="id_14489302_3422597_2_1"> Total fair value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PlanAssetsAtFairValue" xlink:to="ifrs-full_PlanAssetsAtFairValue_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PlanAssetsAtFairValueExcludingLoanAmount" xlink:label="pbr_PlanAssetsAtFairValueExcludingLoanAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PlanAssetsAtFairValueExcludingLoanAmount_lbl" xml:lang="en-US" id="id_14489302_3456120_3_1"> Plan assets at fair value excluding loan amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PlanAssetsAtFairValueExcludingLoanAmount_lbl" xml:lang="en-US" id="id_14489302_3456120_1_1"> Plan assets at fair value excluding loan amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PlanAssetsAtFairValueExcludingLoanAmount_lbl" xml:lang="en-US" id="id_14489302_3456120_2_1"> Quoted prices in active markets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PlanAssetsAtFairValueExcludingLoanAmount" xlink:to="pbr_PlanAssetsAtFairValueExcludingLoanAmount_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PlanAssetsMember" xlink:label="ifrs-full_PlanAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PlanAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3422437_1_1"> Plan assets [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PlanAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3422437_2_1"> Plan assets [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PlanAssetsMember" xlink:to="ifrs-full_PlanAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_POAndGBVMember" xlink:label="pbr_POAndGBVMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_POAndGBVMember_lbl" xml:lang="en-US" id="id_14489302_3553107_3_1"> PO and GBV. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_POAndGBVMember_lbl" xml:lang="en-US" id="id_14489302_3553107_1_1"> POAndGBV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_POAndGBVMember_lbl" xml:lang="en-US" id="id_14489302_3553107_2_1"> PO and GBV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_POAndGBVMember" xlink:to="pbr_POAndGBVMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_POGBVAndRiograndenseRefineryMember" xlink:label="pbr_POGBVAndRiograndenseRefineryMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_POGBVAndRiograndenseRefineryMember_lbl" xml:lang="en-US" id="id_14489302_3553141_3_1"> POGBV and Riograndense refinery. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_POGBVAndRiograndenseRefineryMember_lbl" xml:lang="en-US" id="id_14489302_3553141_1_1"> POGBV and Riograndense refinery [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_POGBVAndRiograndenseRefineryMember_lbl" xml:lang="en-US" id="id_14489302_3553141_2_1"> POGBV and Riograndense refinery [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_POGBVAndRiograndenseRefineryMember" xlink:to="pbr_POGBVAndRiograndenseRefineryMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PortfolioAllocationExcludingLoansLimitsPercent" xlink:label="pbr_PortfolioAllocationExcludingLoansLimitsPercent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PortfolioAllocationExcludingLoansLimitsPercent_lbl" xml:lang="en-US" id="id_14489302_3527072_3_1"> Portfolio allocation excluding loans limits percent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PortfolioAllocationExcludingLoansLimitsPercent_lbl" xml:lang="en-US" id="id_14489302_3527072_1_1"> Portfolio allocation excluding loans limits percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PortfolioAllocationExcludingLoansLimitsPercent_lbl" xml:lang="en-US" id="id_14489302_3527072_2_1"> % </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PortfolioAllocationExcludingLoansLimitsPercent" xlink:to="pbr_PortfolioAllocationExcludingLoansLimitsPercent_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PortfolioAllocationLimitsPercent" xlink:label="pbr_PortfolioAllocationLimitsPercent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PortfolioAllocationLimitsPercent_lbl" xml:lang="en-US" id="id_14489302_3527071_3_1"> Portfolio allocation limits percent. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PortfolioAllocationLimitsPercent_lbl" xml:lang="en-US" id="id_14489302_3527071_1_1"> Portfolio allocation limits percent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PortfolioAllocationLimitsPercent_lbl" xml:lang="en-US" id="id_14489302_3527071_2_1"> % </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_PortfolioAllocationLimitsPercent_lbl" xml:lang="en-US" id="id_14489302_3527071_12_1"> Percentage of portfolio allocation limits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PortfolioAllocationLimitsPercent" xlink:to="pbr_PortfolioAllocationLimitsPercent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PortionOfGainsLossesRecognisedWhenControlOfSubsidiaryIsLostAttributableToRecognisingInvestmentRetainedInFormerSubsidiary" xlink:label="ifrs-full_PortionOfGainsLossesRecognisedWhenControlOfSubsidiaryIsLostAttributableToRecognisingInvestmentRetainedInFormerSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PortionOfGainsLossesRecognisedWhenControlOfSubsidiaryIsLostAttributableToRecognisingInvestmentRetainedInFormerSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3422142_1_1"> Portion of gains (losses) recognised when control of subsidiary is lost, attributable to recognising investment retained in former subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PortionOfGainsLossesRecognisedWhenControlOfSubsidiaryIsLostAttributableToRecognisingInvestmentRetainedInFormerSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3422142_14_1"> Gain on remeasurement of investment retained with loss of control </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PortionOfGainsLossesRecognisedWhenControlOfSubsidiaryIsLostAttributableToRecognisingInvestmentRetainedInFormerSubsidiary" xlink:to="ifrs-full_PortionOfGainsLossesRecognisedWhenControlOfSubsidiaryIsLostAttributableToRecognisingInvestmentRetainedInFormerSubsidiary_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3421770_1_1"> Post-employment benefit expense, defined benefit plans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3421770_2_1"> Net expenses for the year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_lbl" xml:lang="en-US" id="id_14489302_3421770_14_1"> Pension and medical benefits - retirees </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:to="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_lbl" xml:lang="en-US" id="id_14489302_3422602_1_1"> Post-employment benefit expense, defined contribution plans </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_lbl" xml:lang="en-US" id="id_14489302_3422602_2_1"> Contribution for plan with defined contribution characteristics </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:to="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PostTaxDiscountRatesAppliedToCashFlowProjections" xlink:label="pbr_PostTaxDiscountRatesAppliedToCashFlowProjections"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PostTaxDiscountRatesAppliedToCashFlowProjections_lbl" xml:lang="en-US" id="id_14489302_3525409_3_1"> The post tax discount rate used to discount projected free cash flows and terminal value to their present values. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PostTaxDiscountRatesAppliedToCashFlowProjections_lbl" xml:lang="en-US" id="id_14489302_3525409_1_1"> Post Tax Discount Rates Applied To Cash Flow Projections </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PostTaxDiscountRatesAppliedToCashFlowProjections_lbl" xml:lang="en-US" id="id_14489302_3525409_2_1"> % Post-tax discount rate (excluding inflation) p.a. </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PostTaxDiscountRatesAppliedToCashFlowProjections" xlink:to="pbr_PostTaxDiscountRatesAppliedToCashFlowProjections_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PotiguarBasinMember" xlink:label="pbr_PotiguarBasinMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PotiguarBasinMember_lbl" xml:lang="en-US" id="id_14489302_3487705_3_1"> Potiguar basin. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PotiguarBasinMember_lbl" xml:lang="en-US" id="id_14489302_3487705_1_1"> Potiguar Basin [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PotiguarBasinMember_lbl" xml:lang="en-US" id="id_14489302_3487705_2_1"> Potiguar Basin [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PotiguarBasinMember" xlink:to="pbr_PotiguarBasinMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PoundSterlingPerDollarMember" xlink:label="pbr_PoundSterlingPerDollarMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PoundSterlingPerDollarMember_lbl" xml:lang="en-US" id="id_14489302_3498449_3_1"> Pound sterling per dollar. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PoundSterlingPerDollarMember_lbl" xml:lang="en-US" id="id_14489302_3498449_1_1"> Pound Sterling Per Dollar [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PoundSterlingPerDollarMember_lbl" xml:lang="en-US" id="id_14489302_3498449_2_1"> Pound Sterling/Dollar [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PoundSterlingPerDollarMember" xlink:to="pbr_PoundSterlingPerDollarMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PoundSterlingPerRealMember" xlink:label="pbr_PoundSterlingPerRealMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PoundSterlingPerRealMember_lbl" xml:lang="en-US" id="id_14489302_3498448_3_1"> Pound sterling per real. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PoundSterlingPerRealMember_lbl" xml:lang="en-US" id="id_14489302_3498448_1_1"> Pound Sterling Per Real [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PoundSterlingPerRealMember_lbl" xml:lang="en-US" id="id_14489302_3498448_2_1"> Pound Sterling/Real [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PoundSterlingPerRealMember" xlink:to="pbr_PoundSterlingPerRealMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PowerPlantsCelsoFurtadoAndRomuloAlmeidaMember" xlink:label="pbr_PowerPlantsCelsoFurtadoAndRomuloAlmeidaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PowerPlantsCelsoFurtadoAndRomuloAlmeidaMember_lbl" xml:lang="en-US" id="id_14489302_3492027_3_1"> Power plants Celso furtado and Romulo Almeida. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PowerPlantsCelsoFurtadoAndRomuloAlmeidaMember_lbl" xml:lang="en-US" id="id_14489302_3492027_1_1"> Power plants Celso Furtado and Romulo Almeida [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PowerPlantsCelsoFurtadoAndRomuloAlmeidaMember_lbl" xml:lang="en-US" id="id_14489302_3492027_2_1"> Power Plants Celso Furtado and Romulo Almeida [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PowerPlantsCelsoFurtadoAndRomuloAlmeidaMember" xlink:to="pbr_PowerPlantsCelsoFurtadoAndRomuloAlmeidaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PperGroup1Member" xlink:label="pbr_PperGroup1Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PperGroup1Member_lbl" xml:lang="en-US" id="id_14489302_3553131_3_1"> Pper 1 group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PperGroup1Member_lbl" xml:lang="en-US" id="id_14489302_3553131_1_1"> Pper 1 group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PperGroup1Member_lbl" xml:lang="en-US" id="id_14489302_3553131_2_1"> Pper 1 group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PperGroup1Member" xlink:to="pbr_PperGroup1Member_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PreferenceSharesDividendPercentageOnPreferredShareCapital" xlink:label="pbr_PreferenceSharesDividendPercentageOnPreferredShareCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PreferenceSharesDividendPercentageOnPreferredShareCapital_lbl" xml:lang="en-US" id="id_14489302_3523941_3_1"> Preference shares dividend percentage on preferred share capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PreferenceSharesDividendPercentageOnPreferredShareCapital_lbl" xml:lang="en-US" id="id_14489302_3523941_1_1"> Preference Shares Dividend Percentage On Preferred Share Capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PreferenceSharesDividendPercentageOnPreferredShareCapital_lbl" xml:lang="en-US" id="id_14489302_3523941_2_1"> Preference shares' dividend percentage on share capital </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PreferenceSharesDividendPercentageOnPreferredShareCapital" xlink:to="pbr_PreferenceSharesDividendPercentageOnPreferredShareCapital_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PreferenceSharesDividendPercentageOnPreferredSharesNetBookValue" xlink:label="pbr_PreferenceSharesDividendPercentageOnPreferredSharesNetBookValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PreferenceSharesDividendPercentageOnPreferredSharesNetBookValue_lbl" xml:lang="en-US" id="id_14489302_3523940_3_1"> Preference shares dividend percentage on preferred shares net book value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PreferenceSharesDividendPercentageOnPreferredSharesNetBookValue_lbl" xml:lang="en-US" id="id_14489302_3523940_1_1"> Preference Shares Dividend Percentage On Preferred Shares Net Book Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PreferenceSharesDividendPercentageOnPreferredSharesNetBookValue_lbl" xml:lang="en-US" id="id_14489302_3523940_2_1"> Preference shares' dividend percentage on net book value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PreferenceSharesDividendPercentageOnPreferredSharesNetBookValue" xlink:to="pbr_PreferenceSharesDividendPercentageOnPreferredSharesNetBookValue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PreferenceSharesMember" xlink:label="ifrs-full_PreferenceSharesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PreferenceSharesMember_lbl" xml:lang="en-US" id="id_14489302_3421773_1_1"> Preference shares [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PreferenceSharesMember_lbl" xml:lang="en-US" id="id_14489302_3421773_2_1"> Preference Shares [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PreferenceSharesMember" xlink:to="ifrs-full_PreferenceSharesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PreferredStock1Member" xlink:label="pbr_PreferredStock1Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PreferredStock1Member_lbl" xml:lang="en-US" id="id_14489302_3509985_3_1"> Preferred stock 1 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PreferredStock1Member_lbl" xml:lang="en-US" id="id_14489302_3509985_1_1"> Preferred stock 1 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PreferredStock1Member_lbl" xml:lang="en-US" id="id_14489302_3509985_2_1"> Preferred stock 1 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PreferredStock1Member" xlink:to="pbr_PreferredStock1Member_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PremiumPaidOnEarlyDebtRedemption" xlink:label="pbr_PremiumPaidOnEarlyDebtRedemption"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PremiumPaidOnEarlyDebtRedemption_lbl" xml:lang="en-US" id="id_14489302_3530568_3_1"> Premium Paid On Early Debt Redemption </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PremiumPaidOnEarlyDebtRedemption_lbl" xml:lang="en-US" id="id_14489302_3530568_1_1"> Premium Paid On Early Debt Redemption </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PremiumPaidOnEarlyDebtRedemption_lbl" xml:lang="en-US" id="id_14489302_3530568_2_1"> Net premium paid to bond holders </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PremiumPaidOnEarlyDebtRedemption" xlink:to="pbr_PremiumPaidOnEarlyDebtRedemption_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PresentationOfLeasesForLesseeAbstract" xlink:label="ifrs-full_PresentationOfLeasesForLesseeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PresentationOfLeasesForLesseeAbstract_lbl" xml:lang="en-US" id="id_14489302_3422144_1_1"> Presentation of leases for lessee [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PresentationOfLeasesForLesseeAbstract_lbl" xml:lang="en-US" id="id_14489302_3422144_2_1"> Presentation of leases for lessee [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PresentationOfLeasesForLesseeAbstract" xlink:to="ifrs-full_PresentationOfLeasesForLesseeAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:label="ifrs-full_PresentValueOfDefinedBenefitObligationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PresentValueOfDefinedBenefitObligationMember_lbl" xml:lang="en-US" id="id_14489302_3422145_1_1"> Present value of defined benefit obligation [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PresentValueOfDefinedBenefitObligationMember_lbl" xml:lang="en-US" id="id_14489302_3422145_2_1"> Present value of defined benefit obligation [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:to="ifrs-full_PresentValueOfDefinedBenefitObligationMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_PreviouslyEstimatedDevelopmentCostsIncurred" xlink:label="srt_PreviouslyEstimatedDevelopmentCostsIncurred"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_PreviouslyEstimatedDevelopmentCostsIncurred_lbl" xml:lang="en-US" id="id_14489302_3422146_1_1"> Previously Estimated Development Costs Incurred </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_PreviouslyEstimatedDevelopmentCostsIncurred_lbl" xml:lang="en-US" id="id_14489302_3422146_2_1"> Development cost incurred </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_PreviouslyEstimatedDevelopmentCostsIncurred" xlink:to="srt_PreviouslyEstimatedDevelopmentCostsIncurred_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PreviouslyStatedMember" xlink:label="ifrs-full_PreviouslyStatedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PreviouslyStatedMember_lbl" xml:lang="en-US" id="id_14489302_3422609_1_1"> Previously stated [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PreviouslyStatedMember_lbl" xml:lang="en-US" id="id_14489302_3422609_2_1"> Previously stated [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PreviouslyStatedMember" xlink:to="ifrs-full_PreviouslyStatedMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary" xlink:label="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3422150_1_1"> Principal place of business of subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3422150_2_1"> Place of subsidiary located </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary" xlink:to="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PrincipalRepaymentsAndAmortizationDesignatedAsHedgingInstrument" xlink:label="pbr_PrincipalRepaymentsAndAmortizationDesignatedAsHedgingInstrument"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PrincipalRepaymentsAndAmortizationDesignatedAsHedgingInstrument_lbl" xml:lang="en-US" id="id_14489302_3450532_3_1"> Principal repayments and amortization designated as hedging instrument. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PrincipalRepaymentsAndAmortizationDesignatedAsHedgingInstrument_lbl" xml:lang="en-US" id="id_14489302_3450532_1_1"> Principal Repayments And Amortization Designated As Hedging Instrument </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PrincipalRepaymentsAndAmortizationDesignatedAsHedgingInstrument_lbl" xml:lang="en-US" id="id_14489302_3450532_2_1"> Principal repayments / amortization </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PrincipalRepaymentsAndAmortizationDesignatedAsHedgingInstrument" xlink:to="pbr_PrincipalRepaymentsAndAmortizationDesignatedAsHedgingInstrument_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProbabilityOfDefaultAxis" xlink:label="ifrs-full_ProbabilityOfDefaultAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProbabilityOfDefaultAxis_lbl" xml:lang="en-US" id="id_14489302_3422151_1_1"> Probability of default [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProbabilityOfDefaultAxis_lbl" xml:lang="en-US" id="id_14489302_3422151_2_1"> Probability of default [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProbabilityOfDefaultAxis" xlink:to="ifrs-full_ProbabilityOfDefaultAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProbableScenarioMember" xlink:label="pbr_ProbableScenarioMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProbableScenarioMember_lbl" xml:lang="en-US" id="id_14489302_3487787_3_1"> Probable Scenario [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProbableScenarioMember_lbl" xml:lang="en-US" id="id_14489302_3487787_1_1"> Probable Scenario [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProbableScenarioMember_lbl" xml:lang="en-US" id="id_14489302_3487787_2_1"> Probable Scenario [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProbableScenarioMember" xlink:to="pbr_ProbableScenarioMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProbableStressedScenarioOfFiftyPercentageMember" xlink:label="pbr_ProbableStressedScenarioOfFiftyPercentageMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProbableStressedScenarioOfFiftyPercentageMember_lbl" xml:lang="en-US" id="id_14489302_3487798_3_1"> Probable Stressed Scenario Of Fifty Percentage [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProbableStressedScenarioOfFiftyPercentageMember_lbl" xml:lang="en-US" id="id_14489302_3487798_1_1"> Probable Stressed Scenario Of Fifty Percentage [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProbableStressedScenarioOfFiftyPercentageMember_lbl" xml:lang="en-US" id="id_14489302_3487798_2_1"> Probable Stressed Scenario of Fifty Percentage [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProbableStressedScenarioOfFiftyPercentageMember" xlink:to="pbr_ProbableStressedScenarioOfFiftyPercentageMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProbableStressedScenarioOfTwentyFivePercentageMember" xlink:label="pbr_ProbableStressedScenarioOfTwentyFivePercentageMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProbableStressedScenarioOfTwentyFivePercentageMember_lbl" xml:lang="en-US" id="id_14489302_3531060_3_1"> Probable Stressed Scenario Of Twenty Five Percentage [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProbableStressedScenarioOfTwentyFivePercentageMember_lbl" xml:lang="en-US" id="id_14489302_3531060_1_1"> Probable Stressed Scenario Of Twenty Five Percentage [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProbableStressedScenarioOfTwentyFivePercentageMember_lbl" xml:lang="en-US" id="id_14489302_3531060_2_1"> Probable Stressed Scenario Of Twenty Five Percentage [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProbableStressedScenarioOfTwentyFivePercentageMember" xlink:to="pbr_ProbableStressedScenarioOfTwentyFivePercentageMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProceedingsFromTaxSettlement" xlink:label="pbr_ProceedingsFromTaxSettlement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProceedingsFromTaxSettlement_lbl" xml:lang="en-US" id="id_14489302_3461252_3_1"> Proceedings from tax settlement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProceedingsFromTaxSettlement_lbl" xml:lang="en-US" id="id_14489302_3461252_1_1"> Proceedings from tax settlement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProceedingsFromTaxSettlement_lbl" xml:lang="en-US" id="id_14489302_3461252_2_1"> Proceedings from tax settlement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProceedingsFromTaxSettlement" xlink:to="pbr_ProceedingsFromTaxSettlement_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:label="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3422615_1_1"> Proceeds from borrowings, classified as financing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3422615_2_1"> Proceeds from financing </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:to="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromChangesInOwnershipInterestsInSubsidiaries" xlink:label="ifrs-full_ProceedsFromChangesInOwnershipInterestsInSubsidiaries"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromChangesInOwnershipInterestsInSubsidiaries_lbl" xml:lang="en-US" id="id_14489302_3422447_1_1"> Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromChangesInOwnershipInterestsInSubsidiaries_lbl" xml:lang="en-US" id="id_14489302_3422447_2_1"> Proceeds from sale of interest without loss of control </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromChangesInOwnershipInterestsInSubsidiaries" xlink:to="ifrs-full_ProceedsFromChangesInOwnershipInterestsInSubsidiaries_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations" xlink:label="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3421779_1_1"> Proceeds from disposal of non-current assets or disposal groups classified as held for sale and discontinued operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3421779_32_1"> Proceeds from sale of interest in entity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3421779_2_1"> Disposal of assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3421779_12_1"> Proceeds from disposal of assets - Divestment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations" xlink:to="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromDisposalOfOilAndGasAssets" xlink:label="ifrs-full_ProceedsFromDisposalOfOilAndGasAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromDisposalOfOilAndGasAssets_lbl" xml:lang="en-US" id="id_14489302_3422450_1_1"> Proceeds from disposal of oil and gas assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromDisposalOfOilAndGasAssets_lbl" xml:lang="en-US" id="id_14489302_3422450_2_1"> Proceeds from disposal of asset </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromDisposalOfOilAndGasAssets" xlink:to="ifrs-full_ProceedsFromDisposalOfOilAndGasAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProceedsFromDisposalsOfAssets" xlink:label="pbr_ProceedsFromDisposalsOfAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProceedsFromDisposalsOfAssets_lbl" xml:lang="en-US" id="id_14489302_3433415_3_1"> Proceeds from disposals of assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProceedsFromDisposalsOfAssets_lbl" xml:lang="en-US" id="id_14489302_3433415_1_1"> Proceeds from disposals of assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProceedsFromDisposalsOfAssets_lbl" xml:lang="en-US" id="id_14489302_3433415_2_1"> Proceeds from disposal of assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProceedsFromDisposalsOfAssets" xlink:to="pbr_ProceedsFromDisposalsOfAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProceedsFromIssuanceOfDebenture" xlink:label="pbr_ProceedsFromIssuanceOfDebenture"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProceedsFromIssuanceOfDebenture_lbl" xml:lang="en-US" id="id_14489302_3440200_3_1"> Proceeds from issuance of debenture. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProceedsFromIssuanceOfDebenture_lbl" xml:lang="en-US" id="id_14489302_3440200_1_1"> Proceeds from issuance of debenture </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProceedsFromIssuanceOfDebenture_lbl" xml:lang="en-US" id="id_14489302_3440200_2_1"> Issuance of debentures </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProceedsFromIssuanceOfDebenture" xlink:to="pbr_ProceedsFromIssuanceOfDebenture_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromIssuingOtherEquityInstruments" xlink:label="ifrs-full_ProceedsFromIssuingOtherEquityInstruments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromIssuingOtherEquityInstruments_lbl" xml:lang="en-US" id="id_14489302_3421783_1_1"> Proceeds from issuing other equity instruments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromIssuingOtherEquityInstruments_lbl" xml:lang="en-US" id="id_14489302_3421783_2_1"> Equity contributions </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssuingOtherEquityInstruments" xlink:to="ifrs-full_ProceedsFromIssuingOtherEquityInstruments_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProceedsFromPartnershipsAndDivestments" xlink:label="pbr_ProceedsFromPartnershipsAndDivestments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProceedsFromPartnershipsAndDivestments_lbl" xml:lang="en-US" id="id_14489302_3553222_3_1"> Proceeds from partnerships and divestments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProceedsFromPartnershipsAndDivestments_lbl" xml:lang="en-US" id="id_14489302_3553222_1_1"> Proceeds From Partnerships And Divestments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProceedsFromPartnershipsAndDivestments_lbl" xml:lang="en-US" id="id_14489302_3553222_2_1"> Proceeds from partnerships and divestments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProceedsFromPartnershipsAndDivestments" xlink:to="pbr_ProceedsFromPartnershipsAndDivestments_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProceedsFromSaleOfSubsidiary" xlink:label="pbr_ProceedsFromSaleOfSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProceedsFromSaleOfSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3445745_3_1"> Proceeds from sale of subsidiary. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProceedsFromSaleOfSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3445745_1_1"> Proceeds from sale of subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProceedsFromSaleOfSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3445745_2_1"> Proceeds from sale of subsidiary </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProceedsFromSaleOfSubsidiary" xlink:to="pbr_ProceedsFromSaleOfSubsidiary_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromSalesOfInterestsInAssociates" xlink:label="ifrs-full_ProceedsFromSalesOfInterestsInAssociates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromSalesOfInterestsInAssociates_lbl" xml:lang="en-US" id="id_14489302_3421785_1_1"> Proceeds from sales of interests in associates </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromSalesOfInterestsInAssociates_lbl" xml:lang="en-US" id="id_14489302_3421785_2_1"> Divestment of interests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromSalesOfInterestsInAssociates" xlink:to="ifrs-full_ProceedsFromSalesOfInterestsInAssociates_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod" xlink:label="ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3421786_1_1"> Proceeds from sales of investments accounted for using equity method </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3421786_2_1"> Sale of interest in subsidiary </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod" xlink:to="ifrs-full_ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProceedsReceivedInAdvance" xlink:label="pbr_ProceedsReceivedInAdvance"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProceedsReceivedInAdvance_lbl" xml:lang="en-US" id="id_14489302_3448488_3_1"> Proceeds received in advance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProceedsReceivedInAdvance_lbl" xml:lang="en-US" id="id_14489302_3448488_1_1"> Proceeds received in advance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProceedsReceivedInAdvance_lbl" xml:lang="en-US" id="id_14489302_3448488_2_1"> Proceeds from sale received in advance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProceedsReceivedInAdvance" xlink:to="pbr_ProceedsReceivedInAdvance_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProducingPropertiesRelatingToOilAndGasActivitiesAbroadSeveralCgusMember" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesAbroadSeveralCgusMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesAbroadSeveralCgusMember_lbl" xml:lang="en-US" id="id_14489302_3510311_3_1"> Producing properties relating to oil and gas activities Abroad (several CGUs) [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesAbroadSeveralCgusMember_lbl" xml:lang="en-US" id="id_14489302_3510311_1_1"> Producing properties relating to oil and gas activities Abroad (several CGUs) [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesAbroadSeveralCgusMember_lbl" xml:lang="en-US" id="id_14489302_3510311_2_1"> Producing properties relating to oil and gas activities Abroad (several CGUs) [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesAbroadSeveralCgusMember" xlink:to="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesAbroadSeveralCgusMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilSeveralCgusMember" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilSeveralCgusMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilSeveralCgusMember_lbl" xml:lang="en-US" id="id_14489302_3491946_3_1"> Producing properties relating to oil and gas activities in Brazil (several CGUs). </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilSeveralCgusMember_lbl" xml:lang="en-US" id="id_14489302_3491946_1_1"> Producing properties relating to oil and gas activities in brazil several CGUs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilSeveralCgusMember_lbl" xml:lang="en-US" id="id_14489302_3491946_2_1"> Producing properties relating to oil and gas activities in brazil several CGUs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilSeveralCgusMember" xlink:to="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilSeveralCgusMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilThreeCgusMember" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilThreeCgusMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilThreeCgusMember_lbl" xml:lang="en-US" id="id_14489302_3510917_3_1"> Producing properties relating to oil and gas activities in brazil three CGUs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilThreeCgusMember_lbl" xml:lang="en-US" id="id_14489302_3510917_1_1"> Producing properties relating to oil and gas activities in brazil three CGUs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilThreeCgusMember_lbl" xml:lang="en-US" id="id_14489302_3510917_2_1"> Producing properties relating to oil and gas activities in brazil three CGUs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilThreeCgusMember" xlink:to="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInBrazilThreeCgusMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRiachoDaForquilhaMember" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRiachoDaForquilhaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRiachoDaForquilhaMember_lbl" xml:lang="en-US" id="id_14489302_3553124_3_1"> Producing properties relating to oil and gas activities - in Riacho da Forquilha [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRiachoDaForquilhaMember_lbl" xml:lang="en-US" id="id_14489302_3553124_1_1"> Producing properties relating to oil and gas activities - in Riacho da Forquilha [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRiachoDaForquilhaMember_lbl" xml:lang="en-US" id="id_14489302_3553124_2_1"> Producing properties relating to oil and gas activities - in Riacho da Forquilha [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRiachoDaForquilhaMember" xlink:to="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRiachoDaForquilhaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRoncadorMember" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRoncadorMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRoncadorMember_lbl" xml:lang="en-US" id="id_14489302_3510315_3_1"> Producing properties relating to oil and gas activities in Roncador [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRoncadorMember_lbl" xml:lang="en-US" id="id_14489302_3510315_1_1"> Producing properties relating to oil and gas activities in Roncador [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRoncadorMember_lbl" xml:lang="en-US" id="id_14489302_3510315_2_1"> Producing properties relating to oil and gas activities in Roncador [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRoncadorMember" xlink:to="pbr_ProducingPropertiesRelatingToOilAndGasActivitiesInRoncadorMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProductionCost" xlink:label="pbr_ProductionCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProductionCost_lbl" xml:lang="en-US" id="id_14489302_3444847_3_1"> Production Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProductionCost_lbl" xml:lang="en-US" id="id_14489302_3444847_1_1"> Production Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProductionCost_lbl" xml:lang="en-US" id="id_14489302_3444847_2_1"> Production costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProductionCost" xlink:to="pbr_ProductionCost_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProductionSupplies" xlink:label="ifrs-full_ProductionSupplies"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProductionSupplies_lbl" xml:lang="en-US" id="id_14489302_3423107_1_1"> Current production supplies </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProductionSupplies_lbl" xml:lang="en-US" id="id_14489302_3423107_6_1"> Total products </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProductionSupplies" xlink:to="ifrs-full_ProductionSupplies_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProductionTax" xlink:label="pbr_ProductionTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProductionTax_lbl" xml:lang="en-US" id="id_14489302_3451082_3_1"> Production tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProductionTax_lbl" xml:lang="en-US" id="id_14489302_3451082_1_1"> Production tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_ProductionTax_lbl" xml:lang="en-US" id="id_14489302_3451082_14_1"> Production taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProductionTax" xlink:to="pbr_ProductionTax_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProductionTaxesMember" xlink:label="pbr_ProductionTaxesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProductionTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3486680_3_1"> Production taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProductionTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3486680_1_1"> Production Taxes [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProductionTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3486680_2_1"> Production taxes [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProductionTaxesMember" xlink:to="pbr_ProductionTaxesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_ProductOrServiceAxis" xlink:label="srt_ProductOrServiceAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ProductOrServiceAxis_lbl" xml:lang="en-US" id="id_14489302_3422158_1_1"> Product and Service [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_ProductOrServiceAxis_lbl" xml:lang="en-US" id="id_14489302_3422158_2_1"> Product and Service [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ProductOrServiceAxis" xlink:to="srt_ProductOrServiceAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProductsAndServicesAxis" xlink:label="ifrs-full_ProductsAndServicesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProductsAndServicesAxis_lbl" xml:lang="en-US" id="id_14489302_3422620_1_1"> Products and services [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProductsAndServicesAxis_lbl" xml:lang="en-US" id="id_14489302_3422620_2_1"> Products and services [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProductsAndServicesAxis" xlink:to="ifrs-full_ProductsAndServicesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_ProductsAndServicesDomain" xlink:label="srt_ProductsAndServicesDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ProductsAndServicesDomain_lbl" xml:lang="en-US" id="id_14489302_3422159_1_1"> Product and Service [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_ProductsAndServicesDomain_lbl" xml:lang="en-US" id="id_14489302_3422159_2_1"> Product and Service [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ProductsAndServicesDomain" xlink:to="srt_ProductsAndServicesDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProductsAndServicesMember" xlink:label="ifrs-full_ProductsAndServicesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProductsAndServicesMember_lbl" xml:lang="en-US" id="id_14489302_3423108_1_1"> Products and services [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProductsAndServicesMember_lbl" xml:lang="en-US" id="id_14489302_3423108_2_1"> Products and services [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProductsAndServicesMember" xlink:to="ifrs-full_ProductsAndServicesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLoss" xlink:label="ifrs-full_ProfitLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US" id="id_14489302_3423110_1_1"> Profit (loss) </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US" id="id_14489302_3423110_32_1"> Net Income (loss) for the year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US" id="id_14489302_3423110_33_1"> Net income for the year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US" id="id_14489302_3423110_2_1"> Net income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US" id="id_14489302_3423110_6_1"> Net income (loss) for the year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US" id="id_14489302_3423110_12_1"> Net income (loss) for the period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US" id="id_14489302_3423110_14_1"> Net income for the period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLoss_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3423113_1_1"> Profit (loss), attributable to non-controlling interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3423113_2_1"> Non-controlling interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3423113_6_1"> Non-controllinginterests </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3421790_1_1"> Profit (loss), attributable to owners of parent </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3421790_2_1"> Net income (loss) attributable to shareholders of Petrobras </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3421790_6_1"> Net income (loss) attributable to shareholders of Petrobras </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US" id="id_14489302_3421790_12_1"> Net income attributable to shareholders of Petrobras </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ifrs-full_ProfitLossBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3422161_1_1"> Profit (loss) before tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3422161_2_1"> Net income before income taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3422161_6_1"> Net income / (loss) before income taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossBeforeTax" xlink:to="ifrs-full_ProfitLossBeforeTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossFromContinuingOperations" xlink:label="ifrs-full_ProfitLossFromContinuingOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossFromContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3422163_1_1"> Profit (loss) from continuing operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossFromContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3422163_2_1"> Net income from continuing operations for the period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossFromContinuingOperations_lbl" xml:lang="en-US" id="id_14489302_3422163_6_1"> Net income (loss) from continuing operations for the year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromContinuingOperations" xlink:to="ifrs-full_ProfitLossFromContinuingOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3422164_1_1"> Profit (loss) from continuing operations attributable to non-controlling interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3422164_2_1"> Net income (loss) from continuing operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3422164_12_1"> Net income from continuing operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3422166_1_1"> Profit (loss) from discontinued operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3422166_2_1"> Net income (loss) from discontinued operations for the year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3422166_6_1"> Net income (loss) for the year from discontinued operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3422166_12_1"> Net income from discontinued operations for the period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations_lbl" xml:lang="en-US" id="id_14489302_3422166_14_1"> Net income from discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:to="ifrs-full_ProfitLossFromDiscontinuedOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3423115_1_1"> Profit (loss) from discontinued operations attributable to non-controlling interests </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3423115_2_1"> Net income (loss) from discontinued operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US" id="id_14489302_3423115_12_1"> Net income from discontinued operations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="ifrs-full_ProfitLossFromOperatingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossFromOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3422167_1_1"> Profit (loss) from operating activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossFromOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3422167_2_1"> Income before finance income (expense), results in equity-accounted investments and income taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossFromOperatingActivities_lbl" xml:lang="en-US" id="id_14489302_3422167_6_1"> Income before finance income (expense), results in equity-accounted investments and income taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromOperatingActivities" xlink:to="ifrs-full_ProfitLossFromOperatingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProfitRetentionReserveMember" xlink:label="pbr_ProfitRetentionReserveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProfitRetentionReserveMember_lbl" xml:lang="en-US" id="id_14489302_3487186_3_1"> Profit retention reserve. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProfitRetentionReserveMember_lbl" xml:lang="en-US" id="id_14489302_3487186_1_1"> Profit Retention Reserve [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProfitRetentionReserveMember_lbl" xml:lang="en-US" id="id_14489302_3487186_2_1"> Profit retention reserve [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProfitRetentionReserveMember" xlink:to="pbr_ProfitRetentionReserveMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProfitSharingDutyMonthlyAdvancePayments" xlink:label="pbr_ProfitSharingDutyMonthlyAdvancePayments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProfitSharingDutyMonthlyAdvancePayments_lbl" xml:lang="en-US" id="id_14489302_3456396_3_1"> Profit- sharing Duty monthly advance payments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProfitSharingDutyMonthlyAdvancePayments_lbl" xml:lang="en-US" id="id_14489302_3456396_1_1"> Profit- sharing Duty monthly advance payments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProfitSharingDutyMonthlyAdvancePayments_lbl" xml:lang="en-US" id="id_14489302_3456396_2_1"> Advances </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProfitSharingDutyMonthlyAdvancePayments" xlink:to="pbr_ProfitSharingDutyMonthlyAdvancePayments_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProfitSharingMember" xlink:label="pbr_ProfitSharingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProfitSharingMember_lbl" xml:lang="en-US" id="id_14489302_3494321_3_1"> Profit sharing. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProfitSharingMember_lbl" xml:lang="en-US" id="id_14489302_3494321_1_1"> Profit sharing [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProfitSharingMember_lbl" xml:lang="en-US" id="id_14489302_3494321_2_1"> Profit sharing [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProfitSharingMember" xlink:to="pbr_ProfitSharingMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProjectPostponedYear" xlink:label="pbr_ProjectPostponedYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProjectPostponedYear_lbl" xml:lang="en-US" id="id_14489302_3471229_3_1"> Project postponed year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProjectPostponedYear_lbl" xml:lang="en-US" id="id_14489302_3471229_1_1"> Project Postponed Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProjectPostponedYear_lbl" xml:lang="en-US" id="id_14489302_3471229_2_1"> Project postponed year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProjectPostponedYear" xlink:to="pbr_ProjectPostponedYear_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProjectsAxis" xlink:label="pbr_ProjectsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProjectsAxis_lbl" xml:lang="en-US" id="id_14489302_3475651_3_1"> Projects axis. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProjectsAxis_lbl" xml:lang="en-US" id="id_14489302_3475651_1_1"> Projects [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProjectsAxis_lbl" xml:lang="en-US" id="id_14489302_3475651_2_1"> Projects [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProjectsAxis" xlink:to="pbr_ProjectsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProjectsMember" xlink:label="pbr_ProjectsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProjectsMember_lbl" xml:lang="en-US" id="id_14489302_3504000_3_1"> Projects domain. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProjectsMember_lbl" xml:lang="en-US" id="id_14489302_3504000_1_1"> Projects [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProjectsMember_lbl" xml:lang="en-US" id="id_14489302_3504000_2_1"> Projects [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProjectsMember" xlink:to="pbr_ProjectsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="ifrs-full_PropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3423123_1_1"> Property, plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3423123_4_1"> Closing Balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3423123_5_1"> Beginning balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3423123_32_1"> Property,plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3423123_2_1"> Property, plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3423123_12_1"> Property, plant and equipment include assets under finance leases </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PropertyPlantAndEquipmentAndIntangibleAssetsMember" xlink:label="pbr_PropertyPlantAndEquipmentAndIntangibleAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PropertyPlantAndEquipmentAndIntangibleAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3478892_3_1"> Property, plant and equipment and intangible assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PropertyPlantAndEquipmentAndIntangibleAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3478892_1_1"> Property, plant and equipment and intangible assets [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PropertyPlantAndEquipmentAndIntangibleAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3478892_2_1"> Property, plant and equipment and intangible assets [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PropertyPlantAndEquipmentAndIntangibleAssetsMember" xlink:to="pbr_PropertyPlantAndEquipmentAndIntangibleAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PropertyPlantAndEquipmentAndOthersMember" xlink:label="pbr_PropertyPlantAndEquipmentAndOthersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PropertyPlantAndEquipmentAndOthersMember_lbl" xml:lang="en-US" id="id_14489302_3529984_3_1"> Property, plant and equipment and others. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PropertyPlantAndEquipmentAndOthersMember_lbl" xml:lang="en-US" id="id_14489302_3529984_1_1"> Property, plant and equipment and others [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PropertyPlantAndEquipmentAndOthersMember_lbl" xml:lang="en-US" id="id_14489302_3529984_2_1"> Others [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PropertyPlantAndEquipmentAndOthersMember" xlink:to="pbr_PropertyPlantAndEquipmentAndOthersMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:label="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis_lbl" xml:lang="en-US" id="id_14489302_3421798_1_1"> Property, plant and equipment by operating lease status [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis_lbl" xml:lang="en-US" id="id_14489302_3421798_2_1"> Property, plant and equipment by operating lease status [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:to="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:label="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember_lbl" xml:lang="en-US" id="id_14489302_3422625_1_1"> Property, plant and equipment by operating lease status [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember_lbl" xml:lang="en-US" id="id_14489302_3422625_2_1"> Property, plant and equipment by operating lease status [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember" xlink:to="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentMember" xlink:label="ifrs-full_PropertyPlantAndEquipmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentMember_lbl" xml:lang="en-US" id="id_14489302_3422628_1_1"> Property, plant and equipment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentMember_lbl" xml:lang="en-US" id="id_14489302_3422628_2_1"> Property, plant and equipment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentMember" xlink:to="ifrs-full_PropertyPlantAndEquipmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember" xlink:label="ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember_lbl" xml:lang="en-US" id="id_14489302_3422172_1_1"> Property, plant and equipment not subject to operating leases [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember_lbl" xml:lang="en-US" id="id_14489302_3422172_2_1"> Finance Leases [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember" xlink:to="ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PropertyPlantAndEquipmentOnCreditMember" xlink:label="pbr_PropertyPlantAndEquipmentOnCreditMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PropertyPlantAndEquipmentOnCreditMember_lbl" xml:lang="en-US" id="id_14489302_3553142_3_1"> Property, plant and equipment on credit [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PropertyPlantAndEquipmentOnCreditMember_lbl" xml:lang="en-US" id="id_14489302_3553142_1_1"> Property, plant and equipment on credit [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PropertyPlantAndEquipmentOnCreditMember_lbl" xml:lang="en-US" id="id_14489302_3553142_2_1"> Property, plant and equipment on credit [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PropertyPlantAndEquipmentOnCreditMember" xlink:to="pbr_PropertyPlantAndEquipmentOnCreditMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:label="ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember_lbl" xml:lang="en-US" id="id_14489302_3423132_1_1"> Property, plant and equipment subject to operating leases [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember_lbl" xml:lang="en-US" id="id_14489302_3423132_2_1"> Property, plant and equipment subject to operating leases [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:to="ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate_lbl" xml:lang="en-US" id="id_14489302_3422176_1_1"> Proportion of ownership interest in associate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate_lbl" xml:lang="en-US" id="id_14489302_3422176_2_1"> Ownership interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate_lbl" xml:lang="en-US" id="id_14489302_3422176_12_1"> Percentage of investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:to="ifrs-full_ProportionOfOwnershipInterestInAssociate_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProportionOfOwnershipInterestInAssociateHeldByNonsignatories" xlink:label="pbr_ProportionOfOwnershipInterestInAssociateHeldByNonsignatories"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProportionOfOwnershipInterestInAssociateHeldByNonsignatories_lbl" xml:lang="en-US" id="id_14489302_3527076_3_1"> Proportion of ownership interest in associate held by non-signatories. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProportionOfOwnershipInterestInAssociateHeldByNonsignatories_lbl" xml:lang="en-US" id="id_14489302_3527076_1_1"> Proportion of ownership interest in associate held by non-signatories </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProportionOfOwnershipInterestInAssociateHeldByNonsignatories_lbl" xml:lang="en-US" id="id_14489302_3527076_2_1"> Percentage of investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProportionOfOwnershipInterestInAssociateHeldByNonsignatories" xlink:to="pbr_ProportionOfOwnershipInterestInAssociateHeldByNonsignatories_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:label="ifrs-full_ProportionOfOwnershipInterestInJointVenture"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfOwnershipInterestInJointVenture_lbl" xml:lang="en-US" id="id_14489302_3423135_1_1"> Proportion of ownership interest in joint venture </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInJointVenture_lbl" xml:lang="en-US" id="id_14489302_3423135_2_1"> Ownership percentage in associates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:to="ifrs-full_ProportionOfOwnershipInterestInJointVenture_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3422633_1_1"> Proportion of ownership interest in subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3422633_32_1"> Percentage of ownership interest holds by the company in subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveTerseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3422633_33_1"> Proportion of ownership interest in subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3422633_2_1"> Interest proportion </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3422633_12_1"> Percentage of ownership </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProportionOfOwnershipInterestSoldInSubsidiary" xlink:label="pbr_ProportionOfOwnershipInterestSoldInSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProportionOfOwnershipInterestSoldInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3525949_3_1"> Proportion of ownership interest sold in subsidiary. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProportionOfOwnershipInterestSoldInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3525949_1_1"> Proportion Of Ownership Interest Sold In Subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProportionOfOwnershipInterestSoldInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3525949_2_1"> Proportion of ownership interest sold in subsidiary </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProportionOfOwnershipInterestSoldInSubsidiary" xlink:to="pbr_ProportionOfOwnershipInterestSoldInSubsidiary_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:label="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3423137_1_1"> Proportion of voting rights held in subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3423137_2_1"> Proportion of voting rights held in subsidiary </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:to="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvedDevelopedAndUndevelopedReservesVolume" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolume"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolume_lbl" xml:lang="en-US" id="id_14489302_3523157_3_1"> Proved developed and undeveloped reserves volume. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolume_lbl" xml:lang="en-US" id="id_14489302_3523157_1_1"> Proved developed and undeveloped reserves volume </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolume_lbl" xml:lang="en-US" id="id_14489302_3523157_4_1"> Ending balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolume_lbl" xml:lang="en-US" id="id_14489302_3523157_5_1"> Beginning balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolume_lbl" xml:lang="en-US" id="id_14489302_3523157_2_1"> Proved developed and undeveloped reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvedDevelopedAndUndevelopedReservesVolume" xlink:to="pbr_ProvedDevelopedAndUndevelopedReservesVolume_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvedDevelopedAndUndevelopedReservesVolumeExtensionsAndDiscoveries" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeExtensionsAndDiscoveries"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeExtensionsAndDiscoveries_lbl" xml:lang="en-US" id="id_14489302_3541103_3_1"> Proved developed and undeveloped reserves volume extensions and discoveries. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeExtensionsAndDiscoveries_lbl" xml:lang="en-US" id="id_14489302_3541103_1_1"> Proved developed and undeveloped reserves volume extensions and discoveries </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeExtensionsAndDiscoveries_lbl" xml:lang="en-US" id="id_14489302_3541103_2_1"> Extensions and discoveries </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvedDevelopedAndUndevelopedReservesVolumeExtensionsAndDiscoveries" xlink:to="pbr_ProvedDevelopedAndUndevelopedReservesVolumeExtensionsAndDiscoveries_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvedDevelopedAndUndevelopedReservesVolumeImprovedRecovery" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeImprovedRecovery"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeImprovedRecovery_lbl" xml:lang="en-US" id="id_14489302_3541104_3_1"> Proved developed and undeveloped reserves volume improved recovery. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeImprovedRecovery_lbl" xml:lang="en-US" id="id_14489302_3541104_1_1"> Proved developed and undeveloped reserves volume improved recovery </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeImprovedRecovery_lbl" xml:lang="en-US" id="id_14489302_3541104_2_1"> Improved Recovery </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvedDevelopedAndUndevelopedReservesVolumeImprovedRecovery" xlink:to="pbr_ProvedDevelopedAndUndevelopedReservesVolumeImprovedRecovery_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvedDevelopedAndUndevelopedReservesVolumeProduction" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeProduction"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeProduction_lbl" xml:lang="en-US" id="id_14489302_3541105_3_1"> Proved developed and undeveloped reserves volume production. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeProduction_lbl" xml:lang="en-US" id="id_14489302_3541105_1_1"> Proved developed and undeveloped reserves volume production </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeProduction_lbl" xml:lang="en-US" id="id_14489302_3541105_2_1"> Production for the year </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvedDevelopedAndUndevelopedReservesVolumeProduction" xlink:to="pbr_ProvedDevelopedAndUndevelopedReservesVolumeProduction_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvedDevelopedAndUndevelopedReservesVolumePurchasesOfReservesInPlace" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumePurchasesOfReservesInPlace"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumePurchasesOfReservesInPlace_lbl" xml:lang="en-US" id="id_14489302_3523156_3_1"> Proved Developed and Undeveloped Reserves Volume Purchases of Reserves in Place </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumePurchasesOfReservesInPlace_lbl" xml:lang="en-US" id="id_14489302_3523156_1_1"> Proved Developed and Undeveloped Reserves Volume Purchases of Reserves in Place </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumePurchasesOfReservesInPlace_lbl" xml:lang="en-US" id="id_14489302_3523156_2_1"> Purchases of reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvedDevelopedAndUndevelopedReservesVolumePurchasesOfReservesInPlace" xlink:to="pbr_ProvedDevelopedAndUndevelopedReservesVolumePurchasesOfReservesInPlace_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvedDevelopedAndUndevelopedReservesVolumeRevisionsOfPreviousEstimatesIncreaseDecrease" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeRevisionsOfPreviousEstimatesIncreaseDecrease"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeRevisionsOfPreviousEstimatesIncreaseDecrease_lbl" xml:lang="en-US" id="id_14489302_3541102_3_1"> Proved developed and undeveloped reserves volume revisions of previous estimates increase decrease. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeRevisionsOfPreviousEstimatesIncreaseDecrease_lbl" xml:lang="en-US" id="id_14489302_3541102_1_1"> Proved developed and undeveloped reserves volume revisions of previous estimates increase decrease </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeRevisionsOfPreviousEstimatesIncreaseDecrease_lbl" xml:lang="en-US" id="id_14489302_3541102_2_1"> Revisions of previous estimates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvedDevelopedAndUndevelopedReservesVolumeRevisionsOfPreviousEstimatesIncreaseDecrease" xlink:to="pbr_ProvedDevelopedAndUndevelopedReservesVolumeRevisionsOfPreviousEstimatesIncreaseDecrease_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvedDevelopedAndUndevelopedReservesVolumeSaleOfReservesInPlace" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeSaleOfReservesInPlace"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeSaleOfReservesInPlace_lbl" xml:lang="en-US" id="id_14489302_3523155_3_1"> Proved Developed and Undeveloped Reserves Volume Sale of Reserves in Place </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeSaleOfReservesInPlace_lbl" xml:lang="en-US" id="id_14489302_3523155_1_1"> Proved Developed and Undeveloped Reserves Volume Sale of Reserves in Place </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeSaleOfReservesInPlace_lbl" xml:lang="en-US" id="id_14489302_3523155_2_1"> Sales of reserves </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvedDevelopedAndUndevelopedReservesVolumeSaleOfReservesInPlace" xlink:to="pbr_ProvedDevelopedAndUndevelopedReservesVolumeSaleOfReservesInPlace_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvedDevelopedAndUndevelopedReservesVolumeTransfersByLossOfControl" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeTransfersByLossOfControl"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeTransfersByLossOfControl_lbl" xml:lang="en-US" id="id_14489302_3553238_3_1"> Proved developed and undeveloped reserves volume transfers by loss of control. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeTransfersByLossOfControl_lbl" xml:lang="en-US" id="id_14489302_3553238_1_1"> Proved developed and undeveloped reserves volume transfers by loss of control </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProvedDevelopedAndUndevelopedReservesVolumeTransfersByLossOfControl_lbl" xml:lang="en-US" id="id_14489302_3553238_2_1"> Transfers by loss of control </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvedDevelopedAndUndevelopedReservesVolumeTransfersByLossOfControl" xlink:to="pbr_ProvedDevelopedAndUndevelopedReservesVolumeTransfersByLossOfControl_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvisionForClassActionAgreement" xlink:label="pbr_ProvisionForClassActionAgreement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvisionForClassActionAgreement_lbl" xml:lang="en-US" id="id_14489302_3461218_3_1"> Provision for class action agreement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvisionForClassActionAgreement_lbl" xml:lang="en-US" id="id_14489302_3461218_1_1"> Provision for class action agreement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_ProvisionForClassActionAgreement_lbl" xml:lang="en-US" id="id_14489302_3461218_14_1"> Provision for the class action agreement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvisionForClassActionAgreement" xlink:to="pbr_ProvisionForClassActionAgreement_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvisionForDebtAcknowledgmentsOfSuppliersWithSubcontractors" xlink:label="pbr_ProvisionForDebtAcknowledgmentsOfSuppliersWithSubcontractors"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvisionForDebtAcknowledgmentsOfSuppliersWithSubcontractors_lbl" xml:lang="en-US" id="id_14489302_3456117_3_1"> Provision for debt acknowledgments of suppliers with subcontractors. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvisionForDebtAcknowledgmentsOfSuppliersWithSubcontractors_lbl" xml:lang="en-US" id="id_14489302_3456117_1_1"> Provision for debt acknowledgments of suppliers with subcontractors </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_ProvisionForDebtAcknowledgmentsOfSuppliersWithSubcontractors_lbl" xml:lang="en-US" id="id_14489302_3456117_14_1"> Provision for debt acknowledgments of suppliers with subcontractors </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="pbr_ProvisionForDebtAcknowledgmentsOfSuppliersWithSubcontractors_lbl" xml:lang="en-US" id="id_14489302_3456117_18_1"> Provision for debt assumed from suppliers with subcontractors </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvisionForDebtAcknowledgmentsOfSuppliersWithSubcontractors" xlink:to="pbr_ProvisionForDebtAcknowledgmentsOfSuppliersWithSubcontractors_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsAbstract" xlink:label="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsAbstract_lbl" xml:lang="en-US" id="id_14489302_3423142_1_1"> Provision for decommissioning, restoration and rehabilitation costs [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsAbstract_lbl" xml:lang="en-US" id="id_14489302_3423142_2_1"> Provision for Decommissioning, Restoration and Rehabilitation Costs [Abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsAbstract" xlink:to="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember" xlink:label="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember_lbl" xml:lang="en-US" id="id_14489302_3422181_1_1"> Provision for decommissioning, restoration and rehabilitation costs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember_lbl" xml:lang="en-US" id="id_14489302_3422181_2_1"> Provision for decommissioning, restoration and rehabilitation costs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember" xlink:to="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvisionForPotentialContractualPenalties" xlink:label="pbr_ProvisionForPotentialContractualPenalties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvisionForPotentialContractualPenalties_lbl" xml:lang="en-US" id="id_14489302_3461238_3_1"> Provision for potential contractual penalties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvisionForPotentialContractualPenalties_lbl" xml:lang="en-US" id="id_14489302_3461238_1_1"> Provision for potential contractual penalties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProvisionForPotentialContractualPenalties_lbl" xml:lang="en-US" id="id_14489302_3461238_2_1"> Provision for potential contractual penalties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvisionForPotentialContractualPenalties" xlink:to="pbr_ProvisionForPotentialContractualPenalties_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProvisionForTaxesOtherThanIncomeTaxMember" xlink:label="ifrs-full_ProvisionForTaxesOtherThanIncomeTaxMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProvisionForTaxesOtherThanIncomeTaxMember_lbl" xml:lang="en-US" id="id_14489302_3423143_1_1"> Provision for taxes other than income tax [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProvisionForTaxesOtherThanIncomeTaxMember_lbl" xml:lang="en-US" id="id_14489302_3423143_2_1"> Provision for taxes other than income tax [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionForTaxesOtherThanIncomeTaxMember" xlink:to="ifrs-full_ProvisionForTaxesOtherThanIncomeTaxMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvisionReversalsForDecommissioningCosts" xlink:label="pbr_ProvisionReversalsForDecommissioningCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvisionReversalsForDecommissioningCosts_lbl" xml:lang="en-US" id="id_14489302_3450555_3_1"> Provision reversals for decommissioning costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvisionReversalsForDecommissioningCosts_lbl" xml:lang="en-US" id="id_14489302_3450555_1_1"> Provision reversals for decommissioning costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProvisionReversalsForDecommissioningCosts_lbl" xml:lang="en-US" id="id_14489302_3450555_2_1"> Provision/(reversals) for decommissioning costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvisionReversalsForDecommissioningCosts" xlink:to="pbr_ProvisionReversalsForDecommissioningCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ProvisionsRelatingToCumulativeTranslatingAdjustments" xlink:label="pbr_ProvisionsRelatingToCumulativeTranslatingAdjustments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ProvisionsRelatingToCumulativeTranslatingAdjustments_lbl" xml:lang="en-US" id="id_14489302_3456073_3_1"> Provisions relating to cumulative translating adjustments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ProvisionsRelatingToCumulativeTranslatingAdjustments_lbl" xml:lang="en-US" id="id_14489302_3456073_1_1"> Provisions relating to cumulative translating adjustments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ProvisionsRelatingToCumulativeTranslatingAdjustments_lbl" xml:lang="en-US" id="id_14489302_3456073_2_1"> Cumulative translation adjustment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ProvisionsRelatingToCumulativeTranslatingAdjustments" xlink:to="pbr_ProvisionsRelatingToCumulativeTranslatingAdjustments_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ProvisionUsedOtherProvisions" xlink:label="ifrs-full_ProvisionUsedOtherProvisions"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProvisionUsedOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3423147_1_1"> Provision used, other provisions </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ProvisionUsedOtherProvisions_lbl" xml:lang="en-US" id="id_14489302_3423147_14_1"> Use of provision </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionUsedOtherProvisions" xlink:to="ifrs-full_ProvisionUsedOtherProvisions_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PublicFederalEmployeeConflictOfInterestLawMember" xlink:label="pbr_PublicFederalEmployeeConflictOfInterestLawMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PublicFederalEmployeeConflictOfInterestLawMember_lbl" xml:lang="en-US" id="id_14489302_3553165_3_1"> Public federal employee conflict of interest law. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PublicFederalEmployeeConflictOfInterestLawMember_lbl" xml:lang="en-US" id="id_14489302_3553165_1_1"> Public Federal Employee Conflict of Interest Law [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PublicFederalEmployeeConflictOfInterestLawMember_lbl" xml:lang="en-US" id="id_14489302_3553165_2_1"> Public federal employee conflict of interest law [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PublicFederalEmployeeConflictOfInterestLawMember" xlink:to="pbr_PublicFederalEmployeeConflictOfInterestLawMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_14489302_3422688_1_1"> Purchase of property, plant and equipment, classified as investing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US" id="id_14489302_3422688_14_1"> Acquisition of PP&E and intangibles assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3422689_1_1"> Purchase of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_lbl" xml:lang="en-US" id="id_14489302_3422689_14_1"> Acquisition of PP&E and intangibles assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:to="ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_PurchasesAndServicesMember" xlink:label="pbr_PurchasesAndServicesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_PurchasesAndServicesMember_lbl" xml:lang="en-US" id="id_14489302_3510431_3_1"> Purchases and services. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_PurchasesAndServicesMember_lbl" xml:lang="en-US" id="id_14489302_3510431_1_1"> Purchases and services [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_PurchasesAndServicesMember_lbl" xml:lang="en-US" id="id_14489302_3510431_2_1"> Purchases and services [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_PurchasesAndServicesMember" xlink:to="pbr_PurchasesAndServicesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_PY" xlink:label="country_PY"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_PY_lbl" xml:lang="en-US" id="id_14489302_3422660_1_1"> PARAGUAY </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_PY_lbl" xml:lang="en-US" id="id_14489302_3422660_2_1"> PARAGUAY [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_PY" xlink:to="country_PY_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_QuixadaPowerPlantMember" xlink:label="pbr_QuixadaPowerPlantMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_QuixadaPowerPlantMember_lbl" xml:lang="en-US" id="id_14489302_3491940_3_1"> Quixada Power plant. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_QuixadaPowerPlantMember_lbl" xml:lang="en-US" id="id_14489302_3491940_1_1"> Quixada power plant [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_QuixadaPowerPlantMember_lbl" xml:lang="en-US" id="id_14489302_3491940_2_1"> Quixada power plant [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_QuixadaPowerPlantMember" xlink:to="pbr_QuixadaPowerPlantMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RangeAxis" xlink:label="ifrs-full_RangeAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RangeAxis_lbl" xml:lang="en-US" id="id_14489302_3422662_1_1"> Range [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RangeAxis_lbl" xml:lang="en-US" id="id_14489302_3422662_2_1"> Range [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangeAxis" xlink:to="ifrs-full_RangeAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RangesMember" xlink:label="ifrs-full_RangesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RangesMember_lbl" xml:lang="en-US" id="id_14489302_3422700_1_1"> Ranges [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RangesMember_lbl" xml:lang="en-US" id="id_14489302_3422700_2_1"> Ranges [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangesMember" xlink:to="ifrs-full_RangesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RateregulatedActivitiesMember" xlink:label="ifrs-full_RateregulatedActivitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RateregulatedActivitiesMember_lbl" xml:lang="en-US" id="id_14489302_3422664_1_1"> Rate-regulated activities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RateregulatedActivitiesMember_lbl" xml:lang="en-US" id="id_14489302_3422664_2_1"> Rate-regulated activities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RateregulatedActivitiesMember" xlink:to="ifrs-full_RateregulatedActivitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RawMaterialsAndProductsForResale" xlink:label="pbr_RawMaterialsAndProductsForResale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RawMaterialsAndProductsForResale_lbl" xml:lang="en-US" id="id_14489302_3450615_3_1"> Raw Materials And Products For Resale. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RawMaterialsAndProductsForResale_lbl" xml:lang="en-US" id="id_14489302_3450615_1_1"> Raw Materials And Products For Resale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_RawMaterialsAndProductsForResale_lbl" xml:lang="en-US" id="id_14489302_3450615_14_1"> Raw material and products for resale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RawMaterialsAndProductsForResale" xlink:to="pbr_RawMaterialsAndProductsForResale_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RealEstatePropertiesMember" xlink:label="pbr_RealEstatePropertiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RealEstatePropertiesMember_lbl" xml:lang="en-US" id="id_14489302_3492102_3_1"> Real estate properties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RealEstatePropertiesMember_lbl" xml:lang="en-US" id="id_14489302_3492102_1_1"> Real estate properties [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RealEstatePropertiesMember_lbl" xml:lang="en-US" id="id_14489302_3492102_2_1"> Real estate properties [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RealEstatePropertiesMember" xlink:to="pbr_RealEstatePropertiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RealEstateProperty" xlink:label="pbr_RealEstateProperty"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RealEstateProperty_lbl" xml:lang="en-US" id="id_14489302_3445087_3_1"> Real estate property. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RealEstateProperty_lbl" xml:lang="en-US" id="id_14489302_3445087_1_1"> Real Estate Property </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RealEstateProperty_lbl" xml:lang="en-US" id="id_14489302_3445087_2_1"> Pension plan assets invested in real estate properties leased by public </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RealEstateProperty" xlink:to="pbr_RealEstateProperty_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RealizationOfDeemedCost" xlink:label="pbr_RealizationOfDeemedCost"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RealizationOfDeemedCost_lbl" xml:lang="en-US" id="id_14489302_3450443_3_1"> Realization of deemed cost. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RealizationOfDeemedCost_lbl" xml:lang="en-US" id="id_14489302_3450443_1_1"> Realization Of Deemed Cost </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_RealizationOfDeemedCost_lbl" xml:lang="en-US" id="id_14489302_3450443_14_1"> Realization of deemed cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RealizationOfDeemedCost" xlink:to="pbr_RealizationOfDeemedCost_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ReasonablyPossibleScenarioMember" xlink:label="pbr_ReasonablyPossibleScenarioMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ReasonablyPossibleScenarioMember_lbl" xml:lang="en-US" id="id_14489302_3510325_3_1"> Reasonably Possible Scenario [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ReasonablyPossibleScenarioMember_lbl" xml:lang="en-US" id="id_14489302_3510325_1_1"> Reasonably Possible Scenario [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ReasonablyPossibleScenarioMember_lbl" xml:lang="en-US" id="id_14489302_3510325_2_1"> Reasonably Possible Scenario [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ReasonablyPossibleScenarioMember" xlink:to="pbr_ReasonablyPossibleScenarioMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ReceiptsOfFinanceLeasesAnnualInterest" xlink:label="pbr_ReceiptsOfFinanceLeasesAnnualInterest"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ReceiptsOfFinanceLeasesAnnualInterest_lbl" xml:lang="en-US" id="id_14489302_3456083_3_1"> Receipts of finance leases annual interest. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ReceiptsOfFinanceLeasesAnnualInterest_lbl" xml:lang="en-US" id="id_14489302_3456083_1_1"> Receipts Of Finance Leases Annual Interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ReceiptsOfFinanceLeasesAnnualInterest_lbl" xml:lang="en-US" id="id_14489302_3456083_2_1"> Receipts Annual interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ReceiptsOfFinanceLeasesAnnualInterest" xlink:to="pbr_ReceiptsOfFinanceLeasesAnnualInterest_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ReceiptsOfFinanceLeasesFutureValue" xlink:label="pbr_ReceiptsOfFinanceLeasesFutureValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ReceiptsOfFinanceLeasesFutureValue_lbl" xml:lang="en-US" id="id_14489302_3456082_3_1"> Receipts of finance leases future value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ReceiptsOfFinanceLeasesFutureValue_lbl" xml:lang="en-US" id="id_14489302_3456082_1_1"> Receipts Of Finance Leases Future Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ReceiptsOfFinanceLeasesFutureValue_lbl" xml:lang="en-US" id="id_14489302_3456082_2_1"> Future value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ReceiptsOfFinanceLeasesFutureValue" xlink:to="pbr_ReceiptsOfFinanceLeasesFutureValue_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ReceivableFromTheElectricitySectorMember" xlink:label="pbr_ReceivableFromTheElectricitySectorMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ReceivableFromTheElectricitySectorMember_lbl" xml:lang="en-US" id="id_14489302_3491974_3_1"> Receivable from the electricity sector. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ReceivableFromTheElectricitySectorMember_lbl" xml:lang="en-US" id="id_14489302_3491974_1_1"> Receivable from the Electricity Sector [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ReceivableFromTheElectricitySectorMember_lbl" xml:lang="en-US" id="id_14489302_3491974_2_1"> Receivable from the Electricity Sector [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ReceivableFromTheElectricitySectorMember" xlink:to="pbr_ReceivableFromTheElectricitySectorMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_Receivables" xlink:label="pbr_Receivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_Receivables_lbl" xml:lang="en-US" id="id_14489302_3445380_3_1"> Receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_Receivables_lbl" xml:lang="en-US" id="id_14489302_3445380_1_1"> Receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_Receivables_lbl" xml:lang="en-US" id="id_14489302_3445380_2_1"> ceivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_Receivables_lbl" xml:lang="en-US" id="id_14489302_3445380_12_1"> Receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_Receivables" xlink:to="pbr_Receivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ReceivablesFromDivestments" xlink:label="pbr_ReceivablesFromDivestments"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ReceivablesFromDivestments_lbl" xml:lang="en-US" id="id_14489302_3461223_3_1"> Receivables from divestments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ReceivablesFromDivestments_lbl" xml:lang="en-US" id="id_14489302_3461223_1_1"> Receivables from divestments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ReceivablesFromDivestments_lbl" xml:lang="en-US" id="id_14489302_3461223_2_1"> Receivables from divestments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ReceivablesFromDivestments" xlink:to="pbr_ReceivablesFromDivestments_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ReceivablesMember" xlink:label="pbr_ReceivablesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ReceivablesMember_lbl" xml:lang="en-US" id="id_14489302_3507774_3_1"> Receivables [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ReceivablesMember_lbl" xml:lang="en-US" id="id_14489302_3507774_1_1"> Receivables [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ReceivablesMember_lbl" xml:lang="en-US" id="id_14489302_3507774_2_1"> Receivables [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ReceivablesMember" xlink:to="pbr_ReceivablesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ReceivablesOutsideScopeOfDaasMember" xlink:label="pbr_ReceivablesOutsideScopeOfDaasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ReceivablesOutsideScopeOfDaasMember_lbl" xml:lang="en-US" id="id_14489302_3495649_3_1"> Receivables outside scope of DAAs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ReceivablesOutsideScopeOfDaasMember_lbl" xml:lang="en-US" id="id_14489302_3495649_1_1"> Receivables outside scope of DAAs [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ReceivablesOutsideScopeOfDaasMember_lbl" xml:lang="en-US" id="id_14489302_3495649_2_1"> Receivables outside scope of DAAs [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ReceivablesOutsideScopeOfDaasMember" xlink:to="pbr_ReceivablesOutsideScopeOfDaasMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3423551_1_1"> Reclassification adjustments on cash flow hedges, before tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3423551_14_1"> Reclassified to the statement of income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax" xlink:to="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3422206_1_1"> Reclassification adjustments on cash flow hedges, net of tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3422206_14_1"> Reclassified to the statement of income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:to="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationAndOtherComprehensiveIncomeBeforeTax" xlink:label="pbr_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationAndOtherComprehensiveIncomeBeforeTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationAndOtherComprehensiveIncomeBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3448696_3_1"> Reclassification Adjustments on Exchange Differences on Translation and Other Comprehensive Income before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationAndOtherComprehensiveIncomeBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3448696_1_1"> Reclassification Adjustments on Exchange Differences on Translation and Other Comprehensive Income before Tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationAndOtherComprehensiveIncomeBeforeTax_lbl" xml:lang="en-US" id="id_14489302_3448696_2_1"> Reclassification of cumulative translation adjustment and other comprehensive income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationAndOtherComprehensiveIncomeBeforeTax" xlink:to="pbr_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationAndOtherComprehensiveIncomeBeforeTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" xlink:label="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3422718_1_1"> Reclassification adjustments on exchange differences on translation, net of tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3422718_2_1"> Reclassification of cumulative translation adjustment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3422718_12_1"> Reclassification of cumulative translation adjustments - CTA </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3422718_14_1"> Reclassified to the statement of income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" xlink:to="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan" xlink:label="ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_lbl" xml:lang="en-US" id="id_14489302_3423561_1_1"> Net defined benefit liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_lbl" xml:lang="en-US" id="id_14489302_3423561_2_1"> Liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_lbl" xml:lang="en-US" id="id_14489302_3423561_6_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan" xlink:to="ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RecognizedDeferredTaxAssetCredits" xlink:label="pbr_RecognizedDeferredTaxAssetCredits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RecognizedDeferredTaxAssetCredits_lbl" xml:lang="en-US" id="id_14489302_3450895_3_1"> Recognized deferred tax asset credits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RecognizedDeferredTaxAssetCredits_lbl" xml:lang="en-US" id="id_14489302_3450895_1_1"> Recognized Deferred Tax Asset Credits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_RecognizedDeferredTaxAssetCredits_lbl" xml:lang="en-US" id="id_14489302_3450895_14_1"> Recognized deferred tax assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RecognizedDeferredTaxAssetCredits" xlink:to="pbr_RecognizedDeferredTaxAssetCredits_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RecognizedDeferredTaxLiabilityCredits" xlink:label="pbr_RecognizedDeferredTaxLiabilityCredits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RecognizedDeferredTaxLiabilityCredits_lbl" xml:lang="en-US" id="id_14489302_3451015_3_1"> Recognized deferred tax liability credits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RecognizedDeferredTaxLiabilityCredits_lbl" xml:lang="en-US" id="id_14489302_3451015_1_1"> Recognized Deferred Tax Liability Credits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RecognizedDeferredTaxLiabilityCredits_lbl" xml:lang="en-US" id="id_14489302_3451015_2_1"> Recognized deferred tax credits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RecognizedDeferredTaxLiabilityCredits" xlink:to="pbr_RecognizedDeferredTaxLiabilityCredits_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RecognizedIncomeStatementOfTheYear" xlink:label="pbr_RecognizedIncomeStatementOfTheYear"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RecognizedIncomeStatementOfTheYear_lbl" xml:lang="en-US" id="id_14489302_3450842_3_1"> Recognized income statement of the year. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RecognizedIncomeStatementOfTheYear_lbl" xml:lang="en-US" id="id_14489302_3450842_1_1"> Recognized Income Statement Of The Year </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_RecognizedIncomeStatementOfTheYear_lbl" xml:lang="en-US" id="id_14489302_3450842_14_1"> Recognized in the statement of income for the period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RecognizedIncomeStatementOfTheYear" xlink:to="pbr_RecognizedIncomeStatementOfTheYear_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RecognizedShareholderEquity" xlink:label="pbr_RecognizedShareholderEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RecognizedShareholderEquity_lbl" xml:lang="en-US" id="id_14489302_3450843_3_1"> Recognized shareholder equity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RecognizedShareholderEquity_lbl" xml:lang="en-US" id="id_14489302_3450843_1_1"> Recognized Shareholder Equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_RecognizedShareholderEquity_lbl" xml:lang="en-US" id="id_14489302_3450843_14_1"> Recognized in shareholders' equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RecognizedShareholderEquity" xlink:to="pbr_RecognizedShareholderEquity_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract" xlink:label="ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract_lbl" xml:lang="en-US" id="id_14489302_3422228_1_1"> Reconciliation of accounting profit multiplied by applicable tax rates [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract_lbl" xml:lang="en-US" id="id_14489302_3422228_2_1"> Reconciliation of accounting profit multiplied by applicable tax rates [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract" xlink:to="ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xlink:label="ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit_lbl" xml:lang="en-US" id="id_14489302_3423177_1_1"> Recoverable amount of asset or cash-generating unit </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit_lbl" xml:lang="en-US" id="id_14489302_3423177_2_1"> Recoverable amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xlink:to="ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RecoverableIncomeTaxes" xlink:label="pbr_RecoverableIncomeTaxes"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RecoverableIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3450425_3_1"> Recoverable income taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RecoverableIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3450425_1_1"> Recoverable Income Taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RecoverableIncomeTaxes_lbl" xml:lang="en-US" id="id_14489302_3450425_2_1"> Recoverable income taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RecoverableIncomeTaxes" xlink:to="pbr_RecoverableIncomeTaxes_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RecurringFairValueMeasurementMember" xlink:label="ifrs-full_RecurringFairValueMeasurementMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RecurringFairValueMeasurementMember_lbl" xml:lang="en-US" id="id_14489302_3423178_1_1"> Recurring fair value measurement [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RecurringFairValueMeasurementMember_lbl" xml:lang="en-US" id="id_14489302_3423178_2_1"> Fair value measurement [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RecurringFairValueMeasurementMember" xlink:to="ifrs-full_RecurringFairValueMeasurementMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RefinariaDePetroleoRiograndenseSAMember" xlink:label="pbr_RefinariaDePetroleoRiograndenseSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RefinariaDePetroleoRiograndenseSAMember_lbl" xml:lang="en-US" id="id_14489302_3487538_3_1"> Refinaria de Petroleo Riograndense S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RefinariaDePetroleoRiograndenseSAMember_lbl" xml:lang="en-US" id="id_14489302_3487538_1_1"> Refinaria de Petroleo Riograndense S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RefinariaDePetroleoRiograndenseSAMember_lbl" xml:lang="en-US" id="id_14489302_3487538_2_1"> Refinaria de Petroleo Riograndense S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RefinariaDePetroleoRiograndenseSAMember" xlink:to="pbr_RefinariaDePetroleoRiograndenseSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RefiningTransportationAndMarketingMember" xlink:label="pbr_RefiningTransportationAndMarketingMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RefiningTransportationAndMarketingMember_lbl" xml:lang="en-US" id="id_14489302_3487788_3_1"> Refining transportation and marketing. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RefiningTransportationAndMarketingMember_lbl" xml:lang="en-US" id="id_14489302_3487788_1_1"> Refining Transportation And Marketing [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RefiningTransportationAndMarketingMember_lbl" xml:lang="en-US" id="id_14489302_3487788_2_1"> Refining Transportation And Marketing [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RefiningTransportationAndMarketingMember" xlink:to="pbr_RefiningTransportationAndMarketingMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RefiningTransportationAndMarketingSegmentMember" xlink:label="pbr_RefiningTransportationAndMarketingSegmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RefiningTransportationAndMarketingSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3492100_3_1"> Refining transportation and marketing segment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RefiningTransportationAndMarketingSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3492100_1_1"> Refining transportation and marketing segment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RefiningTransportationAndMarketingSegmentMember_lbl" xml:lang="en-US" id="id_14489302_3492100_2_1"> Refining Transportation and Marketing Segment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RefiningTransportationAndMarketingSegmentMember" xlink:to="pbr_RefiningTransportationAndMarketingSegmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RegulatoryEnvironmentsAxis" xlink:label="ifrs-full_RegulatoryEnvironmentsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RegulatoryEnvironmentsAxis_lbl" xml:lang="en-US" id="id_14489302_3422747_1_1"> Regulatory environments [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RegulatoryEnvironmentsAxis_lbl" xml:lang="en-US" id="id_14489302_3422747_2_1"> Regulatory environments [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RegulatoryEnvironmentsAxis" xlink:to="ifrs-full_RegulatoryEnvironmentsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RegulatoryEnvironmentsMember" xlink:label="ifrs-full_RegulatoryEnvironmentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RegulatoryEnvironmentsMember_lbl" xml:lang="en-US" id="id_14489302_3422748_1_1"> Regulatory environments [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RegulatoryEnvironmentsMember_lbl" xml:lang="en-US" id="id_14489302_3422748_2_1"> Regulatory environments [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RegulatoryEnvironmentsMember" xlink:to="ifrs-full_RegulatoryEnvironmentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RelatedPartiesMember" xlink:label="ifrs-full_RelatedPartiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RelatedPartiesMember_lbl" xml:lang="en-US" id="id_14489302_3422750_1_1"> Related parties [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RelatedPartiesMember_lbl" xml:lang="en-US" id="id_14489302_3422750_2_1"> Related parties [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RelatedPartiesMember" xlink:to="ifrs-full_RelatedPartiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RelatedPartyTransactionsAbstract" xlink:label="ifrs-full_RelatedPartyTransactionsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RelatedPartyTransactionsAbstract_lbl" xml:lang="en-US" id="id_14489302_3422751_1_1"> Related party transactions [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RelatedPartyTransactionsAbstract_lbl" xml:lang="en-US" id="id_14489302_3422751_2_1"> Related party transactions [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RelatedPartyTransactionsAbstract" xlink:to="ifrs-full_RelatedPartyTransactionsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RemainingContingentAmountToBeRecognized" xlink:label="pbr_RemainingContingentAmountToBeRecognized"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RemainingContingentAmountToBeRecognized_lbl" xml:lang="en-US" id="id_14489302_3450517_3_1"> Remaining contingent amount to be recognized. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RemainingContingentAmountToBeRecognized_lbl" xml:lang="en-US" id="id_14489302_3450517_1_1"> Remaining Contingent Amount To Be Recognized </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RemainingContingentAmountToBeRecognized_lbl" xml:lang="en-US" id="id_14489302_3450517_2_1"> Remaining contingent amount to be recognized </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RemainingContingentAmountToBeRecognized" xlink:to="pbr_RemainingContingentAmountToBeRecognized_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RemainingPayablesForUnitization" xlink:label="pbr_RemainingPayablesForUnitization"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RemainingPayablesForUnitization_lbl" xml:lang="en-US" id="id_14489302_3553113_3_1"> Remaining payables for unitization. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RemainingPayablesForUnitization_lbl" xml:lang="en-US" id="id_14489302_3553113_1_1"> Remaining payables for unitization </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_RemainingPayablesForUnitization_lbl" xml:lang="en-US" id="id_14489302_3553113_6_1"> Remaining payables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RemainingPayablesForUnitization" xlink:to="pbr_RemainingPayablesForUnitization_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RemeasurementEffectsRecognizedInOtherComprehensiveIncomeActuarialLiability" xlink:label="pbr_RemeasurementEffectsRecognizedInOtherComprehensiveIncomeActuarialLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RemeasurementEffectsRecognizedInOtherComprehensiveIncomeActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3456445_3_1"> Remeasurement effects recognized in other comprehensive income actuarial liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RemeasurementEffectsRecognizedInOtherComprehensiveIncomeActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3456445_1_1"> Remeasurement Effects Recognized In Other Comprehensive Income Actuarial Liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_RemeasurementEffectsRecognizedInOtherComprehensiveIncomeActuarialLiability_lbl" xml:lang="en-US" id="id_14489302_3456445_14_1"> Remeasurement effects recognized in OCI ** </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RemeasurementEffectsRecognizedInOtherComprehensiveIncomeActuarialLiability" xlink:to="pbr_RemeasurementEffectsRecognizedInOtherComprehensiveIncomeActuarialLiability_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RemoteScenarioMember" xlink:label="pbr_RemoteScenarioMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RemoteScenarioMember_lbl" xml:lang="en-US" id="id_14489302_3510327_3_1"> Remote Scenario [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RemoteScenarioMember_lbl" xml:lang="en-US" id="id_14489302_3510327_1_1"> Remote Scenario [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RemoteScenarioMember_lbl" xml:lang="en-US" id="id_14489302_3510327_2_1"> Remote Scenario [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RemoteScenarioMember" xlink:to="pbr_RemoteScenarioMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RepaymentOfPrincipalAndInterestOfBorrowings" xlink:label="pbr_RepaymentOfPrincipalAndInterestOfBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RepaymentOfPrincipalAndInterestOfBorrowings_lbl" xml:lang="en-US" id="id_14489302_3461292_3_1"> Repayment of principal and interest of borrowings. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RepaymentOfPrincipalAndInterestOfBorrowings_lbl" xml:lang="en-US" id="id_14489302_3461292_1_1"> Repayment of principal and interest of borrowings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RepaymentOfPrincipalAndInterestOfBorrowings_lbl" xml:lang="en-US" id="id_14489302_3461292_2_1"> Repayment of principal and interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RepaymentOfPrincipalAndInterestOfBorrowings" xlink:to="pbr_RepaymentOfPrincipalAndInterestOfBorrowings_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3423198_1_1"> Repayments of borrowings, classified as financing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3423198_14_1"> Repayment of principal </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RepaymentsOfInterestClassifiedAsFinancingActivities" xlink:label="pbr_RepaymentsOfInterestClassifiedAsFinancingActivities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RepaymentsOfInterestClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3450450_3_1"> Repayments of interest, classified as financing activities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RepaymentsOfInterestClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3450450_1_1"> Repayments of interest, classified as financing activities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_RepaymentsOfInterestClassifiedAsFinancingActivities_lbl" xml:lang="en-US" id="id_14489302_3450450_14_1"> Repayment of interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RepaymentsOfInterestClassifiedAsFinancingActivities" xlink:to="pbr_RepaymentsOfInterestClassifiedAsFinancingActivities_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ResearchAndDevelopmentExpense" xlink:label="ifrs-full_ResearchAndDevelopmentExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ResearchAndDevelopmentExpense_lbl" xml:lang="en-US" id="id_14489302_3422758_1_1"> Research and development expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ResearchAndDevelopmentExpense_lbl" xml:lang="en-US" id="id_14489302_3422758_14_1"> Research and development </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_ResearchAndDevelopmentExpense_lbl" xml:lang="en-US" id="id_14489302_3422758_18_1"> Research and development expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ResearchAndDevelopmentExpense" xlink:to="ifrs-full_ResearchAndDevelopmentExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfCashFlowHedgesMember" xlink:label="ifrs-full_ReserveOfCashFlowHedgesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfCashFlowHedgesMember_lbl" xml:lang="en-US" id="id_14489302_3422761_1_1"> Reserve of cash flow hedges [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfCashFlowHedgesMember_lbl" xml:lang="en-US" id="id_14489302_3422761_2_1"> Cash flow hedge highly probable future exports [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfCashFlowHedgesMember" xlink:to="ifrs-full_ReserveOfCashFlowHedgesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_lbl" xml:lang="en-US" id="id_14489302_3423592_1_1"> Reserve of exchange differences on translation [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_lbl" xml:lang="en-US" id="id_14489302_3423592_2_1"> Cumulative translation adjustment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember" xlink:to="ifrs-full_ReserveOfExchangeDifferencesOnTranslationMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:label="ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_lbl" xml:lang="en-US" id="id_14489302_3423599_1_1"> Reserve of remeasurements of defined benefit plans [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_lbl" xml:lang="en-US" id="id_14489302_3423599_2_1"> Actuarial gains (losses) on defined benefit pension plans [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlansMember" xlink:to="ifrs-full_ReserveOfRemeasurementsOfDefinedBenefitPlansMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RestatedMember" xlink:label="ifrs-full_RestatedMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RestatedMember_lbl" xml:lang="en-US" id="id_14489302_3423218_1_1"> Currently stated [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RestatedMember_lbl" xml:lang="en-US" id="id_14489302_3423218_2_1"> Currently stated [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RestatedMember" xlink:to="ifrs-full_RestatedMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ResultsBeforeIncometaxExpenses" xlink:label="pbr_ResultsBeforeIncometaxExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ResultsBeforeIncometaxExpenses_lbl" xml:lang="en-US" id="id_14489302_3530248_3_1"> Results before income tax expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ResultsBeforeIncometaxExpenses_lbl" xml:lang="en-US" id="id_14489302_3530248_1_1"> Results Before IncomeTax Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="pbr_ResultsBeforeIncometaxExpenses_lbl" xml:lang="en-US" id="id_14489302_3530248_19_1"> Income before income tax expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ResultsBeforeIncometaxExpenses" xlink:to="pbr_ResultsBeforeIncometaxExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ResultsOfOperations" xlink:label="pbr_ResultsOfOperations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ResultsOfOperations_lbl" xml:lang="en-US" id="id_14489302_3456169_3_1"> Results of operations. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ResultsOfOperations_lbl" xml:lang="en-US" id="id_14489302_3456169_1_1"> Results Of Operations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ResultsOfOperations_lbl" xml:lang="en-US" id="id_14489302_3456169_2_1"> Results of operations (excluding corporate overhead and interest costs) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ResultsOfOperations" xlink:to="pbr_ResultsOfOperations_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RetainedEarnings" xlink:label="ifrs-full_RetainedEarnings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US" id="id_14489302_3422771_1_1"> Retained earnings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US" id="id_14489302_3422771_2_1"> Retained earnings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarnings" xlink:to="ifrs-full_RetainedEarnings_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RetainedEarningsMember" xlink:label="ifrs-full_RetainedEarningsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xml:lang="en-US" id="id_14489302_3422911_1_1"> Retained earnings [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xml:lang="en-US" id="id_14489302_3422911_2_1"> Retained earnings [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarningsMember" xlink:to="ifrs-full_RetainedEarningsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RetireesMember" xlink:label="pbr_RetireesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RetireesMember_lbl" xml:lang="en-US" id="id_14489302_3487174_3_1"> Related to retirees. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RetireesMember_lbl" xml:lang="en-US" id="id_14489302_3487174_1_1"> Retirees [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RetireesMember_lbl" xml:lang="en-US" id="id_14489302_3487174_2_1"> Related to retirees [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RetireesMember" xlink:to="pbr_RetireesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:label="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis_lbl" xml:lang="en-US" id="id_14489302_3422913_1_1"> Retrospective application and retrospective restatement [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis_lbl" xml:lang="en-US" id="id_14489302_3422913_2_1"> Retrospective application and retrospective restatement [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis" xlink:to="ifrs-full_RetrospectiveApplicationAndRetrospectiveRestatementAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ReturnOnPlanAssetsDueToLowerInterestIncome" xlink:label="pbr_ReturnOnPlanAssetsDueToLowerInterestIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ReturnOnPlanAssetsDueToLowerInterestIncome_lbl" xml:lang="en-US" id="id_14489302_3456174_3_1"> Return on plan assets due to lower interest income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ReturnOnPlanAssetsDueToLowerInterestIncome_lbl" xml:lang="en-US" id="id_14489302_3456174_1_1"> Return On Plan Assets Due To Lower Interest Income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ReturnOnPlanAssetsDueToLowerInterestIncome_lbl" xml:lang="en-US" id="id_14489302_3456174_2_1"> Remeasurement: Return on plan assets due to lower interest income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ReturnOnPlanAssetsDueToLowerInterestIncome" xlink:to="pbr_ReturnOnPlanAssetsDueToLowerInterestIncome_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_Revenue" xlink:label="ifrs-full_Revenue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US" id="id_14489302_3422778_1_1"> Revenue </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US" id="id_14489302_3422778_2_1"> Sales revenues </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US" id="id_14489302_3422778_19_1"> Revenue </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Revenue" xlink:to="ifrs-full_Revenue_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_RevenueAbstract" xlink:label="ifrs-full_RevenueAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueAbstract_lbl" xml:lang="en-US" id="id_14489302_3422914_1_1"> Revenue [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevenueAbstract_lbl" xml:lang="en-US" id="id_14489302_3422914_2_1"> Net operation revenues: </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueAbstract" xlink:to="ifrs-full_RevenueAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RevenueMember" xlink:label="pbr_RevenueMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RevenueMember_lbl" xml:lang="en-US" id="id_14489302_3488113_3_1"> Revenue. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RevenueMember_lbl" xml:lang="en-US" id="id_14489302_3488113_1_1"> Revenue [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RevenueMember_lbl" xml:lang="en-US" id="id_14489302_3488113_2_1"> Revenue [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RevenueMember" xlink:to="pbr_RevenueMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RevenuesFromSalesOfDiesel" xlink:label="pbr_RevenuesFromSalesOfDiesel"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RevenuesFromSalesOfDiesel_lbl" xml:lang="en-US" id="id_14489302_3540989_3_1"> Revenues from sales of diesel. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RevenuesFromSalesOfDiesel_lbl" xml:lang="en-US" id="id_14489302_3540989_1_1"> Revenues from sales of diesel </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RevenuesFromSalesOfDiesel_lbl" xml:lang="en-US" id="id_14489302_3540989_2_1"> Revenues with respect to sales of diesel </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RevenuesFromSalesOfDiesel" xlink:to="pbr_RevenuesFromSalesOfDiesel_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ReversalOfDeferredTaxAsset" xlink:label="pbr_ReversalOfDeferredTaxAsset"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ReversalOfDeferredTaxAsset_lbl" xml:lang="en-US" id="id_14489302_3450865_3_1"> Reversal of deferred tax asset. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ReversalOfDeferredTaxAsset_lbl" xml:lang="en-US" id="id_14489302_3450865_1_1"> Reversal Of Deferred Tax Asset </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_ReversalOfDeferredTaxAsset_lbl" xml:lang="en-US" id="id_14489302_3450865_6_1"> Total Reversal Of Deferred Tax Asset </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ReversalOfDeferredTaxAsset" xlink:to="pbr_ReversalOfDeferredTaxAsset_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReversalOfImpairmentLoss" xlink:label="ifrs-full_ReversalOfImpairmentLoss"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReversalOfImpairmentLoss_lbl" xml:lang="en-US" id="id_14489302_3422928_1_1"> Reversal of impairment loss </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReversalOfImpairmentLoss_lbl" xml:lang="en-US" id="id_14489302_3422928_2_1"> Reversals of impairment </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReversalOfImpairmentLoss" xlink:to="ifrs-full_ReversalOfImpairmentLoss_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:label="ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3422802_1_1"> Reversal of impairment loss recognised in profit or loss, property, plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3422802_2_1"> Impairment reversal </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment" xlink:to="ifrs-full_ReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ReversalOfInventoryWritedown" xlink:label="ifrs-full_ReversalOfInventoryWritedown"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReversalOfInventoryWritedown_lbl" xml:lang="en-US" id="id_14489302_3423240_1_1"> Reversal of inventory write-down </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReversalOfInventoryWritedown_lbl" xml:lang="en-US" id="id_14489302_3423240_2_1"> Cost of sales to net realizable value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReversalOfInventoryWritedown" xlink:to="ifrs-full_ReversalOfInventoryWritedown_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ReversalOfOtherImpairmentLossMember" xlink:label="pbr_ReversalOfOtherImpairmentLossMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ReversalOfOtherImpairmentLossMember_lbl" xml:lang="en-US" id="id_14489302_3483464_3_1"> Reversal of other impairment loss. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ReversalOfOtherImpairmentLossMember_lbl" xml:lang="en-US" id="id_14489302_3483464_1_1"> Reversal of other impairment loss [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ReversalOfOtherImpairmentLossMember_lbl" xml:lang="en-US" id="id_14489302_3483464_2_1"> Reversal of other impairment loss [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ReversalOfOtherImpairmentLossMember" xlink:to="pbr_ReversalOfOtherImpairmentLossMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ReversalsOfDeferredIncomeTaxAssetsForUnusedTaxLosses" xlink:label="pbr_ReversalsOfDeferredIncomeTaxAssetsForUnusedTaxLosses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ReversalsOfDeferredIncomeTaxAssetsForUnusedTaxLosses_lbl" xml:lang="en-US" id="id_14489302_3461270_3_1"> Reversals of deferred income tax assets for unused tax losses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ReversalsOfDeferredIncomeTaxAssetsForUnusedTaxLosses_lbl" xml:lang="en-US" id="id_14489302_3461270_1_1"> Reversals of deferred income tax assets for unused tax losses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ReversalsOfDeferredIncomeTaxAssetsForUnusedTaxLosses_lbl" xml:lang="en-US" id="id_14489302_3461270_2_1"> Reversals of deferred income tax assets for unused tax losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ReversalsOfDeferredIncomeTaxAssetsForUnusedTaxLosses" xlink:to="pbr_ReversalsOfDeferredIncomeTaxAssetsForUnusedTaxLosses_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RevisionAndUnwindingOfDiscountOnProvisionForDecommissioningCosts" xlink:label="pbr_RevisionAndUnwindingOfDiscountOnProvisionForDecommissioningCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RevisionAndUnwindingOfDiscountOnProvisionForDecommissioningCosts_lbl" xml:lang="en-US" id="id_14489302_3450406_3_1"> Revision and unwinding of discount on provision for decommissioning costs . </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RevisionAndUnwindingOfDiscountOnProvisionForDecommissioningCosts_lbl" xml:lang="en-US" id="id_14489302_3450406_1_1"> Revision And Unwinding Of Discount On Provision For Decommissioning Costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_RevisionAndUnwindingOfDiscountOnProvisionForDecommissioningCosts_lbl" xml:lang="en-US" id="id_14489302_3450406_14_1"> Revision and unwinding of discount on the provision for decommissioning costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RevisionAndUnwindingOfDiscountOnProvisionForDecommissioningCosts" xlink:to="pbr_RevisionAndUnwindingOfDiscountOnProvisionForDecommissioningCosts_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_RevisionsOfPreviousQuantityEstimates" xlink:label="srt_RevisionsOfPreviousQuantityEstimates"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RevisionsOfPreviousQuantityEstimates_lbl" xml:lang="en-US" id="id_14489302_3422935_1_1"> Revisions of Previous Quantity Estimates </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_RevisionsOfPreviousQuantityEstimates_lbl" xml:lang="en-US" id="id_14489302_3422935_2_1"> Revisions of previous quantity estimates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RevisionsOfPreviousQuantityEstimates" xlink:to="srt_RevisionsOfPreviousQuantityEstimates_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RevolvingCreditFacilitiesMember" xlink:label="pbr_RevolvingCreditFacilitiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RevolvingCreditFacilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3504159_3_1"> Revolving credit facilities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RevolvingCreditFacilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3504159_1_1"> Revolving credit facilities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RevolvingCreditFacilitiesMember_lbl" xml:lang="en-US" id="id_14489302_3504159_2_1"> Revolving credit facilities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RevolvingCreditFacilitiesMember" xlink:to="pbr_RevolvingCreditFacilitiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RiachoDaForquilhaMember" xlink:label="pbr_RiachoDaForquilhaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RiachoDaForquilhaMember_lbl" xml:lang="en-US" id="id_14489302_3531228_3_1"> Riacho da Forquilha [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RiachoDaForquilhaMember_lbl" xml:lang="en-US" id="id_14489302_3531228_1_1"> Riacho da Forquilha [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RiachoDaForquilhaMember_lbl" xml:lang="en-US" id="id_14489302_3531228_2_1"> Riacho da Forquilha [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RiachoDaForquilhaMember" xlink:to="pbr_RiachoDaForquilhaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RiachueloMember" xlink:label="pbr_RiachueloMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RiachueloMember_lbl" xml:lang="en-US" id="id_14489302_3487753_3_1"> Riachuelo. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RiachueloMember_lbl" xml:lang="en-US" id="id_14489302_3487753_1_1"> Riachuelo [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RiachueloMember_lbl" xml:lang="en-US" id="id_14489302_3487753_2_1"> Riachuelo [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RiachueloMember" xlink:to="pbr_RiachueloMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RioDeJaneiroMember" xlink:label="pbr_RioDeJaneiroMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RioDeJaneiroMember_lbl" xml:lang="en-US" id="id_14489302_3482076_3_1"> Rio de Janeiro [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RioDeJaneiroMember_lbl" xml:lang="en-US" id="id_14489302_3482076_1_1"> Rio de Janeiro [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RioDeJaneiroMember_lbl" xml:lang="en-US" id="id_14489302_3482076_2_1"> Rio de Janeiro [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RioDeJaneiroMember" xlink:to="pbr_RioDeJaneiroMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RioGrandeDoNorteMember" xlink:label="pbr_RioGrandeDoNorteMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RioGrandeDoNorteMember_lbl" xml:lang="en-US" id="id_14489302_3496429_3_1"> Rio Grande do Norte. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RioGrandeDoNorteMember_lbl" xml:lang="en-US" id="id_14489302_3496429_1_1"> Rio Grande do Norte [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RioGrandeDoNorteMember_lbl" xml:lang="en-US" id="id_14489302_3496429_2_1"> Rio Grande do Norte [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RioGrandeDoNorteMember" xlink:to="pbr_RioGrandeDoNorteMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RioGrandeDoSulMember" xlink:label="pbr_RioGrandeDoSulMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RioGrandeDoSulMember_lbl" xml:lang="en-US" id="id_14489302_3482074_3_1"> Rio Grande do Sul [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RioGrandeDoSulMember_lbl" xml:lang="en-US" id="id_14489302_3482074_1_1"> Rio Grande do Sul [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RioGrandeDoSulMember_lbl" xml:lang="en-US" id="id_14489302_3482074_2_1"> RS [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RioGrandeDoSulMember" xlink:to="pbr_RioGrandeDoSulMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RioGrandeShipyardMember" xlink:label="pbr_RioGrandeShipyardMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RioGrandeShipyardMember_lbl" xml:lang="en-US" id="id_14489302_3491742_3_1"> Rio Grande Shipyard. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RioGrandeShipyardMember_lbl" xml:lang="en-US" id="id_14489302_3491742_1_1"> Rio Grande Shipyard [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RioGrandeShipyardMember_lbl" xml:lang="en-US" id="id_14489302_3491742_2_1"> Rio Grande Shipyard [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RioGrandeShipyardMember" xlink:to="pbr_RioGrandeShipyardMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RoncadorBVMember" xlink:label="pbr_RoncadorBVMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RoncadorBVMember_lbl" xml:lang="en-US" id="id_14489302_3553079_3_1"> Roncador BV. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RoncadorBVMember_lbl" xml:lang="en-US" id="id_14489302_3553079_1_1"> Roncador BV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RoncadorBVMember_lbl" xml:lang="en-US" id="id_14489302_3553079_2_1"> Roncador BV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RoncadorBVMember" xlink:to="pbr_RoncadorBVMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_RoncadorFieldMember" xlink:label="pbr_RoncadorFieldMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_RoncadorFieldMember_lbl" xml:lang="en-US" id="id_14489302_3510381_3_1"> Roncador field. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_RoncadorFieldMember_lbl" xml:lang="en-US" id="id_14489302_3510381_1_1"> Roncador field [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_RoncadorFieldMember_lbl" xml:lang="en-US" id="id_14489302_3510381_2_1"> Roncador field [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_RoncadorFieldMember" xlink:to="pbr_RoncadorFieldMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SalariesAndRelatedChargesMember" xlink:label="pbr_SalariesAndRelatedChargesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SalariesAndRelatedChargesMember_lbl" xml:lang="en-US" id="id_14489302_3553151_3_1"> Salaries and related charges. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SalariesAndRelatedChargesMember_lbl" xml:lang="en-US" id="id_14489302_3553151_1_1"> Salaries and related charges [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SalariesAndRelatedChargesMember_lbl" xml:lang="en-US" id="id_14489302_3553151_2_1"> Salaries and related charges [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SalariesAndRelatedChargesMember" xlink:to="pbr_SalariesAndRelatedChargesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SaleAndPurchaseAgreementExecutionAmount" xlink:label="pbr_SaleAndPurchaseAgreementExecutionAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SaleAndPurchaseAgreementExecutionAmount_lbl" xml:lang="en-US" id="id_14489302_3461298_3_1"> Sale and purchase agreement execution amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SaleAndPurchaseAgreementExecutionAmount_lbl" xml:lang="en-US" id="id_14489302_3461298_1_1"> Sale and purchase agreement execution amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SaleAndPurchaseAgreementExecutionAmount_lbl" xml:lang="en-US" id="id_14489302_3461298_2_1"> Sale and purchase agreement execution amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SaleAndPurchaseAgreementExecutionAmount" xlink:to="pbr_SaleAndPurchaseAgreementExecutionAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SaleOfOwnershipPercentage" xlink:label="pbr_SaleOfOwnershipPercentage"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SaleOfOwnershipPercentage_lbl" xml:lang="en-US" id="id_14489302_3525098_3_1"> Sale of ownership percentage. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SaleOfOwnershipPercentage_lbl" xml:lang="en-US" id="id_14489302_3525098_1_1"> Sale Of Ownership Percentage </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SaleOfOwnershipPercentage_lbl" xml:lang="en-US" id="id_14489302_3525098_2_1"> Sale of ownership percentage </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SaleOfOwnershipPercentage" xlink:to="pbr_SaleOfOwnershipPercentage_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SalesAbroadMember" xlink:label="pbr_SalesAbroadMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SalesAbroadMember_lbl" xml:lang="en-US" id="id_14489302_3487196_3_1"> Sales abroad. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SalesAbroadMember_lbl" xml:lang="en-US" id="id_14489302_3487196_1_1"> Sales Abroad [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SalesAbroadMember_lbl" xml:lang="en-US" id="id_14489302_3487196_2_1"> Sales abroad [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SalesAbroadMember" xlink:to="pbr_SalesAbroadMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts" xlink:label="srt_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts_lbl" xml:lang="en-US" id="id_14489302_3422817_1_1"> Sales and Transfers of Oil and Gas Produced, Net of Production Costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="srt_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts_lbl" xml:lang="en-US" id="id_14489302_3422817_14_1"> Sales and transfers of oil and gas, net of production cost </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts" xlink:to="srt_SalesAndTransfersOfOilAndGasProducedNetOfProductionCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SalesPriceForDiesel" xlink:label="pbr_SalesPriceForDiesel"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SalesPriceForDiesel_lbl" xml:lang="en-US" id="id_14489302_3448491_3_1"> Sales price for diesel. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SalesPriceForDiesel_lbl" xml:lang="en-US" id="id_14489302_3448491_1_1"> Sales Price for Diesel </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SalesPriceForDiesel_lbl" xml:lang="en-US" id="id_14489302_3448491_2_1"> Sales price for diesel per unit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SalesPriceForDiesel" xlink:to="pbr_SalesPriceForDiesel_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SalesToThirdParties" xlink:label="pbr_SalesToThirdParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SalesToThirdParties_lbl" xml:lang="en-US" id="id_14489302_3456135_3_1"> Sales to third parties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SalesToThirdParties_lbl" xml:lang="en-US" id="id_14489302_3456135_1_1"> Sales To Third Parties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_SalesToThirdParties_lbl" xml:lang="en-US" id="id_14489302_3456135_14_1"> Sales to third parties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SalesToThirdParties" xlink:to="pbr_SalesToThirdParties_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SalgoMember" xlink:label="pbr_SalgoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SalgoMember_lbl" xml:lang="en-US" id="id_14489302_3510386_3_1"> Salgo. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SalgoMember_lbl" xml:lang="en-US" id="id_14489302_3510386_1_1"> Salgo [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SalgoMember_lbl" xml:lang="en-US" id="id_14489302_3510386_2_1"> Salgo [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SalgoMember" xlink:to="pbr_SalgoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SaoMateusGroupMember" xlink:label="pbr_SaoMateusGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SaoMateusGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510352_3_1"> Sao Mateus group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SaoMateusGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510352_1_1"> Sao Mateus group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SaoMateusGroupMember_lbl" xml:lang="en-US" id="id_14489302_3510352_2_1"> Sao Mateus group [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SaoMateusGroupMember" xlink:to="pbr_SaoMateusGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SaupePetrochemicalComplexMember" xlink:label="pbr_SaupePetrochemicalComplexMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SaupePetrochemicalComplexMember_lbl" xml:lang="en-US" id="id_14489302_3487743_3_1"> Saupe petrochemical complex. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SaupePetrochemicalComplexMember_lbl" xml:lang="en-US" id="id_14489302_3487743_1_1"> Saupe Petrochemical Complex [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SaupePetrochemicalComplexMember_lbl" xml:lang="en-US" id="id_14489302_3487743_2_1"> Saupe petrochemical complex [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SaupePetrochemicalComplexMember" xlink:to="pbr_SaupePetrochemicalComplexMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ScenarioOneMember" xlink:label="pbr_ScenarioOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ScenarioOneMember_lbl" xml:lang="en-US" id="id_14489302_3496901_3_1"> Scenario one [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ScenarioOneMember_lbl" xml:lang="en-US" id="id_14489302_3496901_1_1"> Scenario one [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ScenarioOneMember_lbl" xml:lang="en-US" id="id_14489302_3496901_2_1"> Occurred exports [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ScenarioOneMember" xlink:to="pbr_ScenarioOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ScenarioTwoMember" xlink:label="pbr_ScenarioTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ScenarioTwoMember_lbl" xml:lang="en-US" id="id_14489302_3496902_3_1"> Scenario Two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ScenarioTwoMember_lbl" xml:lang="en-US" id="id_14489302_3496902_1_1"> Scenario Two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ScenarioTwoMember_lbl" xml:lang="en-US" id="id_14489302_3496902_2_1"> Exports no longer expected or not occurred [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ScenarioTwoMember" xlink:to="pbr_ScenarioTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ScheduleOfCondensedIncomeStatementAndCashFlowStatementTableTextBlock" xlink:label="pbr_ScheduleOfCondensedIncomeStatementAndCashFlowStatementTableTextBlock"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ScheduleOfCondensedIncomeStatementAndCashFlowStatementTableTextBlock_lbl" xml:lang="en-US" id="id_14489302_4062035_3_1"> Schedule of condensed income statement and cash flow statement [table text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ScheduleOfCondensedIncomeStatementAndCashFlowStatementTableTextBlock_lbl" xml:lang="en-US" id="id_14489302_4062035_1_1"> Schedule of Condensed Income Statement and Cash Flow Statement [table text block] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ScheduleOfCondensedIncomeStatementAndCashFlowStatementTableTextBlock_lbl" xml:lang="en-US" id="id_14489302_4062035_2_1"> Schedule of Condensed Income Statement and Cash Flow Statement </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ScheduleOfCondensedIncomeStatementAndCashFlowStatementTableTextBlock" xlink:to="pbr_ScheduleOfCondensedIncomeStatementAndCashFlowStatementTableTextBlock_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_SE" xlink:label="country_SE"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_SE_lbl" xml:lang="en-US" id="id_14489302_3423653_1_1"> SWEDEN </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_SE_lbl" xml:lang="en-US" id="id_14489302_3423653_2_1"> SWEDEN </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_SE" xlink:to="country_SE_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SecondInstallmentMember" xlink:label="pbr_SecondInstallmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SecondInstallmentMember_lbl" xml:lang="en-US" id="id_14489302_3482862_3_1"> Second installment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SecondInstallmentMember_lbl" xml:lang="en-US" id="id_14489302_3482862_1_1"> Second Installment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SecondInstallmentMember_lbl" xml:lang="en-US" id="id_14489302_3482862_2_1"> Second Installment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SecondInstallmentMember" xlink:to="pbr_SecondInstallmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SecondPaymentOfInterestOnCapitalMember" xlink:label="pbr_SecondPaymentOfInterestOnCapitalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SecondPaymentOfInterestOnCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3495654_3_1"> Second payment of interest on capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SecondPaymentOfInterestOnCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3495654_1_1"> Second Payment Of Interest On Capital [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SecondPaymentOfInterestOnCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3495654_2_1"> 2 nd payment of interest on capital [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SecondPaymentOfInterestOnCapitalMember" xlink:to="pbr_SecondPaymentOfInterestOnCapitalMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SecondRefiningUnitInRnestMember" xlink:label="pbr_SecondRefiningUnitInRnestMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SecondRefiningUnitInRnestMember_lbl" xml:lang="en-US" id="id_14489302_3491950_3_1"> Second refining unit in RNEST. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SecondRefiningUnitInRnestMember_lbl" xml:lang="en-US" id="id_14489302_3491950_1_1"> Second refining unit in RNEST [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SecondRefiningUnitInRnestMember_lbl" xml:lang="en-US" id="id_14489302_3491950_2_1"> Second refining unit in RNEST [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SecondRefiningUnitInRnestMember" xlink:to="pbr_SecondRefiningUnitInRnestMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SegmentConsolidationItemsAxis" xlink:label="ifrs-full_SegmentConsolidationItemsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentConsolidationItemsAxis_lbl" xml:lang="en-US" id="id_14489302_3423661_1_1"> Segment consolidation items [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SegmentConsolidationItemsAxis_lbl" xml:lang="en-US" id="id_14489302_3423661_2_1"> Segment consolidation items [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentConsolidationItemsAxis" xlink:to="ifrs-full_SegmentConsolidationItemsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_SegmentGeographicalDomain" xlink:label="srt_SegmentGeographicalDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SegmentGeographicalDomain_lbl" xml:lang="en-US" id="id_14489302_3423662_1_1"> Geographical [Domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_SegmentGeographicalDomain_lbl" xml:lang="en-US" id="id_14489302_3423662_2_1"> Geographical [Domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SegmentGeographicalDomain" xlink:to="srt_SegmentGeographicalDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SegmentsAxis" xlink:label="ifrs-full_SegmentsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentsAxis_lbl" xml:lang="en-US" id="id_14489302_3422831_1_1"> Segments [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SegmentsAxis_lbl" xml:lang="en-US" id="id_14489302_3422831_2_1"> Segments [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsAxis" xlink:to="ifrs-full_SegmentsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SegmentsMember" xlink:label="ifrs-full_SegmentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentsMember_lbl" xml:lang="en-US" id="id_14489302_3423663_1_1"> Segments [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SegmentsMember_lbl" xml:lang="en-US" id="id_14489302_3423663_2_1"> Segments [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsMember" xlink:to="ifrs-full_SegmentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SellingExpense" xlink:label="ifrs-full_SellingExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SellingExpense_lbl" xml:lang="en-US" id="id_14489302_3423664_1_1"> Selling expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_SellingExpense_lbl" xml:lang="en-US" id="id_14489302_3423664_14_1"> Selling </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_SellingExpense_lbl" xml:lang="en-US" id="id_14489302_3423664_18_1"> Selling expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SellingExpense" xlink:to="ifrs-full_SellingExpense_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SellingExpenses" xlink:label="pbr_SellingExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SellingExpenses_lbl" xml:lang="en-US" id="id_14489302_3444279_3_1"> Selling expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SellingExpenses_lbl" xml:lang="en-US" id="id_14489302_3444279_1_1"> Selling Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_SellingExpenses_lbl" xml:lang="en-US" id="id_14489302_3444279_14_1"> Selling expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SellingExpenses" xlink:to="pbr_SellingExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SemiannualCouponPaymentsRateOnPensionPlan" xlink:label="pbr_SemiannualCouponPaymentsRateOnPensionPlan"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SemiannualCouponPaymentsRateOnPensionPlan_lbl" xml:lang="en-US" id="id_14489302_3527073_3_1"> Semiannual coupon payments rate on pension plan. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SemiannualCouponPaymentsRateOnPensionPlan_lbl" xml:lang="en-US" id="id_14489302_3527073_1_1"> Semiannual coupon payments rate on pension plan </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SemiannualCouponPaymentsRateOnPensionPlan_lbl" xml:lang="en-US" id="id_14489302_3527073_2_1"> Semiannual coupon payments rate on pension plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SemiannualCouponPaymentsRateOnPensionPlan" xlink:to="pbr_SemiannualCouponPaymentsRateOnPensionPlan_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SergipeAlagosBasinMember" xlink:label="pbr_SergipeAlagosBasinMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SergipeAlagosBasinMember_lbl" xml:lang="en-US" id="id_14489302_3553116_3_1"> Sergipe-Alagos basin. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SergipeAlagosBasinMember_lbl" xml:lang="en-US" id="id_14489302_3553116_1_1"> Sergipe-Alagos basin [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SergipeAlagosBasinMember_lbl" xml:lang="en-US" id="id_14489302_3553116_2_1"> Sergipe-Alagos basin [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SergipeAlagosBasinMember" xlink:to="pbr_SergipeAlagosBasinMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ServiceConcessionRightsMember" xlink:label="ifrs-full_ServiceConcessionRightsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ServiceConcessionRightsMember_lbl" xml:lang="en-US" id="id_14489302_3422964_1_1"> Service concession rights [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ServiceConcessionRightsMember_lbl" xml:lang="en-US" id="id_14489302_3422964_2_1"> Rights and Concessions [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ServiceConcessionRightsMember" xlink:to="ifrs-full_ServiceConcessionRightsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ServicesAndOthersMember" xlink:label="pbr_ServicesAndOthersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ServicesAndOthersMember_lbl" xml:lang="en-US" id="id_14489302_3510305_3_1"> Services and others. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ServicesAndOthersMember_lbl" xml:lang="en-US" id="id_14489302_3510305_1_1"> Services and Others [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ServicesAndOthersMember_lbl" xml:lang="en-US" id="id_14489302_3510305_2_1"> Services and others [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ServicesAndOthersMember" xlink:to="pbr_ServicesAndOthersMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SeteBrasilParticipacoesSAMember" xlink:label="pbr_SeteBrasilParticipacoesSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SeteBrasilParticipacoesSAMember_lbl" xml:lang="en-US" id="id_14489302_3487580_3_1"> Sete Brasil Participacoes S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SeteBrasilParticipacoesSAMember_lbl" xml:lang="en-US" id="id_14489302_3487580_1_1"> Sete Brasil Participacoes S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SeteBrasilParticipacoesSAMember_lbl" xml:lang="en-US" id="id_14489302_3487580_2_1"> Sete Brasil Participacoes S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SeteBrasilParticipacoesSAMember" xlink:to="pbr_SeteBrasilParticipacoesSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ShareCapital" xlink:label="pbr_ShareCapital"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ShareCapital_lbl" xml:lang="en-US" id="id_14489302_3437180_3_1"> Share capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ShareCapital_lbl" xml:lang="en-US" id="id_14489302_3437180_1_1"> Share capital </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ShareCapital_lbl" xml:lang="en-US" id="id_14489302_3437180_2_1"> Subscribed and fully paid share capital </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ShareCapital" xlink:to="pbr_ShareCapital_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ShareCapitalTransactionsMember" xlink:label="pbr_ShareCapitalTransactionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ShareCapitalTransactionsMember_lbl" xml:lang="en-US" id="id_14489302_3482842_3_1"> Share capital transactions. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ShareCapitalTransactionsMember_lbl" xml:lang="en-US" id="id_14489302_3482842_1_1"> Share Capital Transactions [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ShareCapitalTransactionsMember_lbl" xml:lang="en-US" id="id_14489302_3482842_2_1"> Share capital transactions [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ShareCapitalTransactionsMember" xlink:to="pbr_ShareCapitalTransactionsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3422977_1_1"> Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3422977_6_1"> Share of other comprehensive income in equity-accounted investments, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTaxAbstract" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTaxAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTaxAbstract_lbl" xml:lang="en-US" id="id_14489302_3422844_1_1"> Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTaxAbstract_lbl" xml:lang="en-US" id="id_14489302_3422844_2_1"> Share of other comprehensive income in equity-accounted investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTaxAbstract" xlink:to="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodNetOfTaxAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3423683_1_1"> Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss, net of tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3423683_2_1"> Reclassified to the statement of income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3423274_1_1"> Share of other comprehensive income of associates and joint ventures accounted for using equity method that will not be reclassified to profit or loss, net of tax </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US" id="id_14489302_3423274_2_1"> Share of other comprehensive income (losses) in equity-accounted investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3423684_1_1"> Share of profit (loss) of associates and joint ventures accounted for using equity method </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3423684_2_1"> Results in equity-accounted investments </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US" id="id_14489302_3423684_12_1"> Results of equity-accounted investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SharePricePerShare" xlink:label="pbr_SharePricePerShare"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SharePricePerShare_lbl" xml:lang="en-US" id="id_14489302_3522675_3_1"> Share price per share. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SharePricePerShare_lbl" xml:lang="en-US" id="id_14489302_3522675_1_1"> Share price per share </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SharePricePerShare_lbl" xml:lang="en-US" id="id_14489302_3522675_2_1"> Share price </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SharePricePerShare" xlink:to="pbr_SharePricePerShare_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SharePurchaseAgreementAxis" xlink:label="pbr_SharePurchaseAgreementAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SharePurchaseAgreementAxis_lbl" xml:lang="en-US" id="id_14489302_3475547_3_1"> Share purchase agreement [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SharePurchaseAgreementAxis_lbl" xml:lang="en-US" id="id_14489302_3475547_1_1"> Share purchase agreement [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SharePurchaseAgreementAxis_lbl" xml:lang="en-US" id="id_14489302_3475547_2_1"> Share purchase agreement [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SharePurchaseAgreementAxis" xlink:to="pbr_SharePurchaseAgreementAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SharePurchaseAgreementDomain" xlink:label="pbr_SharePurchaseAgreementDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SharePurchaseAgreementDomain_lbl" xml:lang="en-US" id="id_14489302_3493264_3_1"> Share purchase agreement [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SharePurchaseAgreementDomain_lbl" xml:lang="en-US" id="id_14489302_3493264_1_1"> Share purchase agreement [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SharePurchaseAgreementDomain_lbl" xml:lang="en-US" id="id_14489302_3493264_2_1"> Share purchase agreement [domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SharePurchaseAgreementDomain" xlink:to="pbr_SharePurchaseAgreementDomain_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SharesIssuedUnderSecuritiesPurchaseAgreementAmount" xlink:label="pbr_SharesIssuedUnderSecuritiesPurchaseAgreementAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SharesIssuedUnderSecuritiesPurchaseAgreementAmount_lbl" xml:lang="en-US" id="id_14489302_3461812_3_1"> Shares issued under securities purchase agreement amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SharesIssuedUnderSecuritiesPurchaseAgreementAmount_lbl" xml:lang="en-US" id="id_14489302_3461812_1_1"> Shares issued under securities purchase agreement amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SharesIssuedUnderSecuritiesPurchaseAgreementAmount_lbl" xml:lang="en-US" id="id_14489302_3461812_2_1"> Share purchase agreement with Chevron USA, amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SharesIssuedUnderSecuritiesPurchaseAgreementAmount" xlink:to="pbr_SharesIssuedUnderSecuritiesPurchaseAgreementAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SharesParValue" xlink:label="pbr_SharesParValue"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SharesParValue_lbl" xml:lang="en-US" id="id_14489302_3450851_3_1"> Shares par value. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SharesParValue_lbl" xml:lang="en-US" id="id_14489302_3450851_1_1"> Shares Par Value </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SharesParValue_lbl" xml:lang="en-US" id="id_14489302_3450851_2_1"> Shares par value </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SharesParValue" xlink:to="pbr_SharesParValue_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ShipTakeOrPayAgreementsExpenses" xlink:label="pbr_ShipTakeOrPayAgreementsExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ShipTakeOrPayAgreementsExpenses_lbl" xml:lang="en-US" id="id_14489302_3456079_3_1"> Ship take or pay agreements expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ShipTakeOrPayAgreementsExpenses_lbl" xml:lang="en-US" id="id_14489302_3456079_1_1"> Ship Take or Pay Agreements Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ShipTakeOrPayAgreementsExpenses_lbl" xml:lang="en-US" id="id_14489302_3456079_2_1"> Ship/Take or Pay agreements </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ShipTakeOrPayAgreementsExpenses" xlink:to="pbr_ShipTakeOrPayAgreementsExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ShortPositionOrCrudeOilAndOilProductsMember" xlink:label="pbr_ShortPositionOrCrudeOilAndOilProductsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ShortPositionOrCrudeOilAndOilProductsMember_lbl" xml:lang="en-US" id="id_14489302_3487769_3_1"> Short position or crude oil and oil products. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ShortPositionOrCrudeOilAndOilProductsMember_lbl" xml:lang="en-US" id="id_14489302_3487769_1_1"> Short Position Or Crude Oil And Oil Products [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ShortPositionOrCrudeOilAndOilProductsMember_lbl" xml:lang="en-US" id="id_14489302_3487769_2_1"> Short position/Crude oil and oil products [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ShortPositionOrCrudeOilAndOilProductsMember" xlink:to="pbr_ShortPositionOrCrudeOilAndOilProductsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ShortPositionOrForeignCurrencyForwardsMember" xlink:label="pbr_ShortPositionOrForeignCurrencyForwardsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ShortPositionOrForeignCurrencyForwardsMember_lbl" xml:lang="en-US" id="id_14489302_3487778_3_1"> Short position or foreign currency forwards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ShortPositionOrForeignCurrencyForwardsMember_lbl" xml:lang="en-US" id="id_14489302_3487778_1_1"> Short Position Or Foreign Currency Forwards [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ShortPositionOrForeignCurrencyForwardsMember_lbl" xml:lang="en-US" id="id_14489302_3487778_2_1"> Short position/Foreign currency forwards [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ShortPositionOrForeignCurrencyForwardsMember" xlink:to="pbr_ShortPositionOrForeignCurrencyForwardsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShorttermBorrowings" xlink:label="ifrs-full_ShorttermBorrowings"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShorttermBorrowings_lbl" xml:lang="en-US" id="id_14489302_3422983_1_1"> Current borrowings </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShorttermBorrowings_lbl" xml:lang="en-US" id="id_14489302_3422983_2_1"> Finance debt </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShorttermBorrowings" xlink:to="ifrs-full_ShorttermBorrowings_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShorttermEmployeeBenefitsAccruals" xlink:label="ifrs-full_ShorttermEmployeeBenefitsAccruals"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShorttermEmployeeBenefitsAccruals_lbl" xml:lang="en-US" id="id_14489302_3423695_1_1"> Short-term employee benefits accruals </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShorttermEmployeeBenefitsAccruals_lbl" xml:lang="en-US" id="id_14489302_3423695_2_1"> Short-term benefits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShorttermEmployeeBenefitsAccruals" xlink:to="ifrs-full_ShorttermEmployeeBenefitsAccruals_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShorttermEmployeeBenefitsExpense" xlink:label="ifrs-full_ShorttermEmployeeBenefitsExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShorttermEmployeeBenefitsExpense_lbl" xml:lang="en-US" id="id_14489302_3423696_1_1"> Short-term employee benefits expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShorttermEmployeeBenefitsExpense_lbl" xml:lang="en-US" id="id_14489302_3423696_2_1"> Short term Employee Benefits Expense </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShorttermEmployeeBenefitsExpense" xlink:to="ifrs-full_ShorttermEmployeeBenefitsExpense_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShorttermEmployeeBenefitsExpenseAbstract" xlink:label="ifrs-full_ShorttermEmployeeBenefitsExpenseAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShorttermEmployeeBenefitsExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3423697_1_1"> Short-term employee benefits expense [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShorttermEmployeeBenefitsExpenseAbstract_lbl" xml:lang="en-US" id="id_14489302_3423697_2_1"> Short-term employee benefits expense [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShorttermEmployeeBenefitsExpenseAbstract" xlink:to="ifrs-full_ShorttermEmployeeBenefitsExpenseAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ShorttermEmployeeBenefitsExpenseTable" xlink:label="pbr_ShorttermEmployeeBenefitsExpenseTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ShorttermEmployeeBenefitsExpenseTable_lbl" xml:lang="en-US" id="id_14489302_3475033_3_1"> Shortterm employee benefits expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ShorttermEmployeeBenefitsExpenseTable_lbl" xml:lang="en-US" id="id_14489302_3475033_1_1"> Shortterm Employee Benefits Expense [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ShorttermEmployeeBenefitsExpenseTable_lbl" xml:lang="en-US" id="id_14489302_3475033_2_1"> Shortterm Employee Benefits Expense [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ShorttermEmployeeBenefitsExpenseTable" xlink:to="pbr_ShorttermEmployeeBenefitsExpenseTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents" xlink:label="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3423280_1_1"> Short-term investments, classified as cash equivalents </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents_lbl" xml:lang="en-US" id="id_14489302_3423280_2_1"> Short-term financial investments </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents" xlink:to="ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ShorttermLegalProceedingsProvision" xlink:label="ifrs-full_ShorttermLegalProceedingsProvision"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShorttermLegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3423281_1_1"> Current legal proceedings provision </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShorttermLegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3423281_2_1"> Current liabilities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ShorttermLegalProceedingsProvision_lbl" xml:lang="en-US" id="id_14489302_3423281_12_1"> Provisions for legal proceedings </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShorttermLegalProceedingsProvision" xlink:to="ifrs-full_ShorttermLegalProceedingsProvision_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ShortTermProvisionForProfitSharing" xlink:label="pbr_ShortTermProvisionForProfitSharing"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ShortTermProvisionForProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553160_3_1"> Short term provision for profit sharing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ShortTermProvisionForProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553160_1_1"> Short term provision for profit sharing </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="pbr_ShortTermProvisionForProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553160_4_1"> Closing balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="pbr_ShortTermProvisionForProfitSharing_lbl" xml:lang="en-US" id="id_14489302_3553160_5_1"> Opening balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ShortTermProvisionForProfitSharing" xlink:to="pbr_ShortTermProvisionForProfitSharing_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" xml:lang="en-US" id="id_14489302_3422992_1_1"> Associates [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" xml:lang="en-US" id="id_14489302_3422992_2_1"> Associates [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:to="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl" xml:lang="en-US" id="id_14489302_3423286_1_1"> Subsidiaries [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl" xml:lang="en-US" id="id_14489302_3423286_2_1"> Subsidiaries [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SocialContributionOnNetIncomeMember" xlink:label="pbr_SocialContributionOnNetIncomeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SocialContributionOnNetIncomeMember_lbl" xml:lang="en-US" id="id_14489302_3489766_3_1"> Social contribution on net income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SocialContributionOnNetIncomeMember_lbl" xml:lang="en-US" id="id_14489302_3489766_1_1"> Social Contribution On Net Income [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SocialContributionOnNetIncomeMember_lbl" xml:lang="en-US" id="id_14489302_3489766_2_1"> Social Contribution on Net Income (CSLL) [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SocialContributionOnNetIncomeMember" xlink:to="pbr_SocialContributionOnNetIncomeMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_SouthAmericaMember" xlink:label="srt_SouthAmericaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SouthAmericaMember_lbl" xml:lang="en-US" id="id_14489302_3422860_1_1"> South America [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_SouthAmericaMember_lbl" xml:lang="en-US" id="id_14489302_3422860_2_1"> South America [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SouthAmericaMember" xlink:to="srt_SouthAmericaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SpecialTaxSettlementProgramsPERTMember" xlink:label="pbr_SpecialTaxSettlementProgramsPERTMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SpecialTaxSettlementProgramsPERTMember_lbl" xml:lang="en-US" id="id_14489302_3510308_3_1"> Special tax settlement programs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SpecialTaxSettlementProgramsPERTMember_lbl" xml:lang="en-US" id="id_14489302_3510308_1_1"> Special Tax settlement programs - PERT [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SpecialTaxSettlementProgramsPERTMember_lbl" xml:lang="en-US" id="id_14489302_3510308_2_1"> Special tax settlement programs - PERT [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SpecialTaxSettlementProgramsPERTMember" xlink:to="pbr_SpecialTaxSettlementProgramsPERTMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount" xlink:label="srt_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount_lbl" xml:lang="en-US" id="id_14489302_3422999_1_1"> Standardized Measure of Discounted Future Net Cash Flow Relating to Proved Oil and Gas Reserves, Accretion of Discount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount_lbl" xml:lang="en-US" id="id_14489302_3422999_2_1"> Accretion of discount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount" xlink:to="srt_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesAccretionOfDiscount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesOther" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesOther"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesOther_lbl" xml:lang="en-US" id="id_14489302_3541114_3_1"> Standardized measure of discounted future net cash flow relating to proved oil and gas reserves other. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesOther_lbl" xml:lang="en-US" id="id_14489302_3541114_1_1"> Standardized measure of discounted future net cash flow relating to proved oil and gas reserves other </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesOther_lbl" xml:lang="en-US" id="id_14489302_3541114_2_1"> Other - unspecified </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesOther" xlink:to="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowRelatingToProvedOilAndGasReservesOther_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesBeginningBalance" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesBeginningBalance"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesBeginningBalance_lbl" xml:lang="en-US" id="id_14489302_3456158_3_1"> Standardized measure of discounted future net cash flows relating to proved oil and gas quantities beginning balance. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesBeginningBalance_lbl" xml:lang="en-US" id="id_14489302_3456158_1_1"> Standardized measure of discounted future net cash flows relating to proved oil and gas quantities beginning balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesBeginningBalance_lbl" xml:lang="en-US" id="id_14489302_3456158_2_1"> Beginning balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesBeginningBalance" xlink:to="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesBeginningBalance_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesClassifiedAsAssetsHeldForSale" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesClassifiedAsAssetsHeldForSale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesClassifiedAsAssetsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3461256_3_1"> Standardized measure of discounted future net cash flows relating to proved oil and gas quantities classified as assets held for sale. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesClassifiedAsAssetsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3461256_1_1"> Standardized measure of discounted future net cash flows relating to proved oil and gas quantities classified as assets held for sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesClassifiedAsAssetsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3461256_2_1"> Oil and gas production classified as held for sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesClassifiedAsAssetsHeldForSale" xlink:to="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesClassifiedAsAssetsHeldForSale_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesEndingBalance" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesEndingBalance"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesEndingBalance_lbl" xml:lang="en-US" id="id_14489302_3437430_3_1"> Standardized measure of discounted future net cash flows relating to proved oil and gas quantities ending balance. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesEndingBalance_lbl" xml:lang="en-US" id="id_14489302_3437430_1_1"> Standardized measure of discounted future net cash flows relating to proved oil and gas quantities ending balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesEndingBalance_lbl" xml:lang="en-US" id="id_14489302_3437430_6_1"> Ending balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesEndingBalance" xlink:to="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasQuantitiesEndingBalance_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserve" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserve"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserve_lbl" xml:lang="en-US" id="id_14489302_3541116_3_1"> Standardized measure of discounted future net cash flows relating to proved oil and gas reserve. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserve_lbl" xml:lang="en-US" id="id_14489302_3541116_1_1"> Standardized measure of discounted future net cash flows relating to proved oil and gas reserve </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserve_lbl" xml:lang="en-US" id="id_14489302_3541116_6_1"> Standardized measure of discounted future net cash flows </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserve" xlink:to="pbr_StandardizedMeasureOfDiscountedFutureNetCashFlowsRelatingToProvedOilAndGasReserve_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StatecontrolledNaturalGasDistributorsMember" xlink:label="pbr_StatecontrolledNaturalGasDistributorsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StatecontrolledNaturalGasDistributorsMember_lbl" xml:lang="en-US" id="id_14489302_3487517_3_1"> State-controlled natural gas distributors. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StatecontrolledNaturalGasDistributorsMember_lbl" xml:lang="en-US" id="id_14489302_3487517_1_1"> State-controlled natural gas distributors [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_StatecontrolledNaturalGasDistributorsMember_lbl" xml:lang="en-US" id="id_14489302_3487517_2_1"> State-controlled natural gas distributors [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StatecontrolledNaturalGasDistributorsMember" xlink:to="pbr_StatecontrolledNaturalGasDistributorsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StateLawDecreaseIn" xlink:label="pbr_StateLawDecreaseIn"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StateLawDecreaseIn_lbl" xml:lang="en-US" id="id_14489302_3469327_3_1"> State law decrease in. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StateLawDecreaseIn_lbl" xml:lang="en-US" id="id_14489302_3469327_1_1"> State law decrease in </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_StateLawDecreaseIn_lbl" xml:lang="en-US" id="id_14489302_3469327_2_1"> State Law/Decree </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StateLawDecreaseIn" xlink:to="pbr_StateLawDecreaseIn_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_StatementGeographicalAxis" xlink:label="srt_StatementGeographicalAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_StatementGeographicalAxis_lbl" xml:lang="en-US" id="id_14489302_3423303_1_1"> Geographical [Axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_StatementGeographicalAxis_lbl" xml:lang="en-US" id="id_14489302_3423303_2_1"> Geographical [Axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementGeographicalAxis" xlink:to="srt_StatementGeographicalAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StatementLineItems" xlink:label="pbr_StatementLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StatementLineItems_lbl" xml:lang="en-US" id="id_14489302_3426236_3_1"> Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StatementLineItems_lbl" xml:lang="en-US" id="id_14489302_3426236_1_1"> Statement [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_StatementLineItems_lbl" xml:lang="en-US" id="id_14489302_3426236_2_1"> Statement [LineItems] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StatementLineItems" xlink:to="pbr_StatementLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfCashFlowsAbstract" xlink:label="ifrs-full_StatementOfCashFlowsAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US" id="id_14489302_3423004_1_1"> Statement of cash flows [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US" id="id_14489302_3423004_2_1"> Statement of cash flows [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfCashFlowsAbstract" xlink:to="ifrs-full_StatementOfCashFlowsAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfChangesInEquityAbstract" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract_lbl" xml:lang="en-US" id="id_14489302_3422872_1_1"> Statement of changes in equity [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract_lbl" xml:lang="en-US" id="id_14489302_3422872_2_1"> Statement of changes in equity [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="ifrs-full_StatementOfChangesInEquityAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:label="ifrs-full_StatementOfComprehensiveIncomeAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfComprehensiveIncomeAbstract_lbl" xml:lang="en-US" id="id_14489302_3423005_1_1"> Statement of comprehensive income [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_StatementOfComprehensiveIncomeAbstract_lbl" xml:lang="en-US" id="id_14489302_3423005_2_1"> Statement of comprehensive income [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="ifrs-full_StatementOfComprehensiveIncomeAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatementOfFinancialPositionAbstract" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US" id="id_14489302_3422873_1_1"> Statement of financial position [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US" id="id_14489302_3422873_2_1"> Statement of financial position [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="ifrs-full_StatementOfFinancialPositionAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StatementScenarioAxis" xlink:label="pbr_StatementScenarioAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StatementScenarioAxis_lbl" xml:lang="en-US" id="id_14489302_3532714_3_1"> Statement scenario. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StatementScenarioAxis_lbl" xml:lang="en-US" id="id_14489302_3532714_1_1"> Statement scenario [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_StatementScenarioAxis_lbl" xml:lang="en-US" id="id_14489302_3532714_2_1"> Statement scenario [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StatementScenarioAxis" xlink:to="pbr_StatementScenarioAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StatementScenarioMember" xlink:label="pbr_StatementScenarioMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StatementScenarioMember_lbl" xml:lang="en-US" id="id_14489302_3532715_3_1"> Statement scenario [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StatementScenarioMember_lbl" xml:lang="en-US" id="id_14489302_3532715_1_1"> Statement scenario [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_StatementScenarioMember_lbl" xml:lang="en-US" id="id_14489302_3532715_2_1"> Statement scenario [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StatementScenarioMember" xlink:to="pbr_StatementScenarioMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StatementTable" xlink:label="pbr_StatementTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StatementTable_lbl" xml:lang="en-US" id="id_14489302_3426235_3_1"> Schedule reflecting a Statement of Income, Statement of Cash Flows, Statement of Financial Position, Statement of Shareholders Equity and Other Comprehensive Income, or other statement as needed. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StatementTable_lbl" xml:lang="en-US" id="id_14489302_3426235_1_1"> Statement [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_StatementTable_lbl" xml:lang="en-US" id="id_14489302_3426235_2_1"> Statement [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StatementTable" xlink:to="pbr_StatementTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StatutoryCorporateTaxRate" xlink:label="pbr_StatutoryCorporateTaxRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StatutoryCorporateTaxRate_lbl" xml:lang="en-US" id="id_14489302_3524686_3_1"> Statutory corporate tax rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StatutoryCorporateTaxRate_lbl" xml:lang="en-US" id="id_14489302_3524686_1_1"> Statutory Corporate Tax Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_StatutoryCorporateTaxRate_lbl" xml:lang="en-US" id="id_14489302_3524686_2_1"> Statutory corporate tax rates </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StatutoryCorporateTaxRate" xlink:to="pbr_StatutoryCorporateTaxRate_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_StatutoryReserveMember" xlink:label="ifrs-full_StatutoryReserveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatutoryReserveMember_lbl" xml:lang="en-US" id="id_14489302_3423008_1_1"> Statutory reserve [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_StatutoryReserveMember_lbl" xml:lang="en-US" id="id_14489302_3423008_2_1"> Statutory reserve [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatutoryReserveMember" xlink:to="ifrs-full_StatutoryReserveMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StrategicAllianceWithEquinorMember" xlink:label="pbr_StrategicAllianceWithEquinorMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StrategicAllianceWithEquinorMember_lbl" xml:lang="en-US" id="id_14489302_3496436_3_1"> Strategic alliance with Equinor [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StrategicAllianceWithEquinorMember_lbl" xml:lang="en-US" id="id_14489302_3496436_1_1"> Strategic alliance with Equinor [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_StrategicAllianceWithEquinorMember_lbl" xml:lang="en-US" id="id_14489302_3496436_2_1"> Strategic alliance with Equinor [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StrategicAllianceWithEquinorMember" xlink:to="pbr_StrategicAllianceWithEquinorMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_StructuredInvestmentsMember" xlink:label="pbr_StructuredInvestmentsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_StructuredInvestmentsMember_lbl" xml:lang="en-US" id="id_14489302_3492104_3_1"> Structured investments. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_StructuredInvestmentsMember_lbl" xml:lang="en-US" id="id_14489302_3492104_1_1"> Structured investments [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_StructuredInvestmentsMember_lbl" xml:lang="en-US" id="id_14489302_3492104_2_1"> Structured investments [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_StructuredInvestmentsMember" xlink:to="pbr_StructuredInvestmentsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SuapeAndCitepePetrochemicalPlantsMember" xlink:label="pbr_SuapeAndCitepePetrochemicalPlantsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SuapeAndCitepePetrochemicalPlantsMember_lbl" xml:lang="en-US" id="id_14489302_3553164_3_1"> Suape and citepe petrochemical plants. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SuapeAndCitepePetrochemicalPlantsMember_lbl" xml:lang="en-US" id="id_14489302_3553164_1_1"> Suape and Citepe petrochemical plants [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SuapeAndCitepePetrochemicalPlantsMember_lbl" xml:lang="en-US" id="id_14489302_3553164_2_1"> Suape and citepe petrochemical plants [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SuapeAndCitepePetrochemicalPlantsMember" xlink:to="pbr_SuapeAndCitepePetrochemicalPlantsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SuapePetrochemicalComplexMember" xlink:label="pbr_SuapePetrochemicalComplexMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SuapePetrochemicalComplexMember_lbl" xml:lang="en-US" id="id_14489302_3491952_3_1"> Suape Petrochemical complex. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SuapePetrochemicalComplexMember_lbl" xml:lang="en-US" id="id_14489302_3491952_1_1"> Suape Petrochemical Complex [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SuapePetrochemicalComplexMember_lbl" xml:lang="en-US" id="id_14489302_3491952_2_1"> Suape Petrochemical Complex [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SuapePetrochemicalComplexMember" xlink:to="pbr_SuapePetrochemicalComplexMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SummaryOfSignificantAccountingPoliciesLineItems" xlink:label="pbr_SummaryOfSignificantAccountingPoliciesLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SummaryOfSignificantAccountingPoliciesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430721_3_1"> Line items representing the summary of significant accounting policies. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SummaryOfSignificantAccountingPoliciesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430721_1_1"> Summary Of Significant Accounting Policies [Line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SummaryOfSignificantAccountingPoliciesLineItems_lbl" xml:lang="en-US" id="id_14489302_3430721_2_1"> Summary Of Significant Accounting Policies [Line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SummaryOfSignificantAccountingPoliciesLineItems" xlink:to="pbr_SummaryOfSignificantAccountingPoliciesLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SummaryOfSignificantAccountingPoliciesTable" xlink:label="pbr_SummaryOfSignificantAccountingPoliciesTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SummaryOfSignificantAccountingPoliciesTable_lbl" xml:lang="en-US" id="id_14489302_3474530_3_1"> Summary Of Significant Accounting Policies [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SummaryOfSignificantAccountingPoliciesTable_lbl" xml:lang="en-US" id="id_14489302_3474530_1_1"> Summary Of Significant Accounting Policies [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SummaryOfSignificantAccountingPoliciesTable_lbl" xml:lang="en-US" id="id_14489302_3474530_2_1"> Summary Of Significant Accounting Policies [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SummaryOfSignificantAccountingPoliciesTable" xlink:to="pbr_SummaryOfSignificantAccountingPoliciesTable_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SurplusDeficitInPlan" xlink:label="ifrs-full_SurplusDeficitInPlan"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SurplusDeficitInPlan_lbl" xml:lang="en-US" id="id_14489302_3423022_1_1"> Surplus (deficit) in plan </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SurplusDeficitInPlan_lbl" xml:lang="en-US" id="id_14489302_3423022_2_1"> Accumulated deficit of the plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SurplusDeficitInPlan" xlink:to="ifrs-full_SurplusDeficitInPlan_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_SwapContractMember" xlink:label="ifrs-full_SwapContractMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SwapContractMember_lbl" xml:lang="en-US" id="id_14489302_3423737_1_1"> Swap contract [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SwapContractMember_lbl" xml:lang="en-US" id="id_14489302_3423737_2_1"> Swap [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SwapContractMember" xlink:to="ifrs-full_SwapContractMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SyndicateOfBanksMember" xlink:label="pbr_SyndicateOfBanksMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SyndicateOfBanksMember_lbl" xml:lang="en-US" id="id_14489302_3484656_3_1"> Syndicate of banks [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SyndicateOfBanksMember_lbl" xml:lang="en-US" id="id_14489302_3484656_1_1"> Syndicate of banks [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SyndicateOfBanksMember_lbl" xml:lang="en-US" id="id_14489302_3484656_2_1"> Syndicate of banks [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SyndicateOfBanksMember" xlink:to="pbr_SyndicateOfBanksMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_SyntheticGasMember" xlink:label="srt_SyntheticGasMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SyntheticGasMember_lbl" xml:lang="en-US" id="id_14489302_3423330_1_1"> Synthetic Gas [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_SyntheticGasMember_lbl" xml:lang="en-US" id="id_14489302_3423330_2_1"> Synthetic Gas [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SyntheticGasMember" xlink:to="srt_SyntheticGasMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_SyntheticOilEquivalenMember" xlink:label="pbr_SyntheticOilEquivalenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_SyntheticOilEquivalenMember_lbl" xml:lang="en-US" id="id_14489302_3498026_3_1"> Synthetic Oil Equivalen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_SyntheticOilEquivalenMember_lbl" xml:lang="en-US" id="id_14489302_3498026_1_1"> Synthetic Oil Equivalen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_SyntheticOilEquivalenMember_lbl" xml:lang="en-US" id="id_14489302_3498026_2_1"> Synthetic oil equivalent [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_SyntheticOilEquivalenMember" xlink:to="pbr_SyntheticOilEquivalenMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd#srt_SyntheticOilMember" xlink:label="srt_SyntheticOilMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_SyntheticOilMember_lbl" xml:lang="en-US" id="id_14489302_3423023_1_1"> Synthetic Oil [Member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_SyntheticOilMember_lbl" xml:lang="en-US" id="id_14489302_3423023_2_1"> Synthetic Oil [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SyntheticOilMember" xlink:to="srt_SyntheticOilMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TangibleExplorationAndEvaluationAssetsMember" xlink:label="ifrs-full_TangibleExplorationAndEvaluationAssetsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TangibleExplorationAndEvaluationAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3423320_1_1"> Tangible exploration and evaluation assets [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TangibleExplorationAndEvaluationAssetsMember_lbl" xml:lang="en-US" id="id_14489302_3423320_2_1"> Exploration and production assets [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TangibleExplorationAndEvaluationAssetsMember" xlink:to="ifrs-full_TangibleExplorationAndEvaluationAssetsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TankersAndAuxiliaryVesselsMember" xlink:label="pbr_TankersAndAuxiliaryVesselsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TankersAndAuxiliaryVesselsMember_lbl" xml:lang="en-US" id="id_14489302_3487812_3_1"> Tankers and auxiliary vessels. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TankersAndAuxiliaryVesselsMember_lbl" xml:lang="en-US" id="id_14489302_3487812_1_1"> Tankers And Auxiliary Vessels [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TankersAndAuxiliaryVesselsMember_lbl" xml:lang="en-US" id="id_14489302_3487812_2_1"> Tankers and auxiliary vessels [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TankersAndAuxiliaryVesselsMember" xlink:to="pbr_TankersAndAuxiliaryVesselsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceCurrentTaxExpense" xlink:label="ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceCurrentTaxExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceCurrentTaxExpense_lbl" xml:lang="en-US" id="id_14489302_3423333_1_1"> Tax benefit arising from previously unrecognised tax loss, tax credit or temporary difference of prior period used to reduce current tax expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceCurrentTaxExpense_lbl" xml:lang="en-US" id="id_14489302_3423333_14_1"> Use of tax loss carry forwards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceCurrentTaxExpense" xlink:to="ifrs-full_TaxBenefitArisingFromPreviouslyUnrecognisedTaxLossTaxCreditOrTemporaryDifferenceOfPriorPeriodUsedToReduceCurrentTaxExpense_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxBenefitsFromDeductionOfInterestOnCapitalDistribution" xlink:label="pbr_TaxBenefitsFromDeductionOfInterestOnCapitalDistribution"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxBenefitsFromDeductionOfInterestOnCapitalDistribution_lbl" xml:lang="en-US" id="id_14489302_3448394_3_1"> Tax benefits from deduction of interest on capital distribution. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxBenefitsFromDeductionOfInterestOnCapitalDistribution_lbl" xml:lang="en-US" id="id_14489302_3448394_1_1"> Tax benefits from deduction of interest on capital distribution </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxBenefitsFromDeductionOfInterestOnCapitalDistribution_lbl" xml:lang="en-US" id="id_14489302_3448394_2_1"> Tax benefits from the deduction of interest on capital distribution </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxBenefitsFromDeductionOfInterestOnCapitalDistribution" xlink:to="pbr_TaxBenefitsFromDeductionOfInterestOnCapitalDistribution_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TaxContingentLiabilityMember" xlink:label="ifrs-full_TaxContingentLiabilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3423334_1_1"> Tax contingent liability [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TaxContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3423334_2_1"> Tax [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxContingentLiabilityMember" xlink:to="ifrs-full_TaxContingentLiabilityMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxDebtsAfterReliefsAndTaxEffects" xlink:label="pbr_TaxDebtsAfterReliefsAndTaxEffects"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxDebtsAfterReliefsAndTaxEffects_lbl" xml:lang="en-US" id="id_14489302_3528946_3_1"> Tax debts after reliefs and tax effects. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxDebtsAfterReliefsAndTaxEffects_lbl" xml:lang="en-US" id="id_14489302_3528946_1_1"> Tax debts after reliefs and tax effects </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxDebtsAfterReliefsAndTaxEffects_lbl" xml:lang="en-US" id="id_14489302_3528946_2_1"> Tax debts after reliefs and tax effects </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxDebtsAfterReliefsAndTaxEffects" xlink:to="pbr_TaxDebtsAfterReliefsAndTaxEffects_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxDisputes" xlink:label="pbr_TaxDisputes"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxDisputes_lbl" xml:lang="en-US" id="id_14489302_3465743_3_1"> Tax disputes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxDisputes_lbl" xml:lang="en-US" id="id_14489302_3465743_1_1"> Tax disputes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxDisputes_lbl" xml:lang="en-US" id="id_14489302_3465743_2_1"> Disputes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_TaxDisputes_lbl" xml:lang="en-US" id="id_14489302_3465743_12_1"> Tax amount in dispute </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxDisputes" xlink:to="pbr_TaxDisputes_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxEffectMember" xlink:label="pbr_TaxEffectMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxEffectMember_lbl" xml:lang="en-US" id="id_14489302_3486051_3_1"> Tax effect. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxEffectMember_lbl" xml:lang="en-US" id="id_14489302_3486051_1_1"> Tax Effect [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxEffectMember_lbl" xml:lang="en-US" id="id_14489302_3486051_2_1"> Tax Effect [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxEffectMember" xlink:to="pbr_TaxEffectMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxEffectOfAgreementWithUSAuthorities" xlink:label="pbr_TaxEffectOfAgreementWithUSAuthorities"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxEffectOfAgreementWithUSAuthorities_lbl" xml:lang="en-US" id="id_14489302_3553915_3_1"> Tax effect of agreement with US authorities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxEffectOfAgreementWithUSAuthorities_lbl" xml:lang="en-US" id="id_14489302_3553915_1_1"> Tax effect of agreement with US authorities </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_TaxEffectOfAgreementWithUSAuthorities_lbl" xml:lang="en-US" id="id_14489302_3553915_14_1"> Agreement with US authorities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxEffectOfAgreementWithUSAuthorities" xlink:to="pbr_TaxEffectOfAgreementWithUSAuthorities_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxEffectOfNondeductibleExpenses" xlink:label="pbr_TaxEffectOfNondeductibleExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxEffectOfNondeductibleExpenses_lbl" xml:lang="en-US" id="id_14489302_3434493_3_1"> Tax Effect of Non-deductible Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxEffectOfNondeductibleExpenses_lbl" xml:lang="en-US" id="id_14489302_3434493_1_1"> Tax Effect of Non-deductible Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_TaxEffectOfNondeductibleExpenses_lbl" xml:lang="en-US" id="id_14489302_3434493_14_1"> Income taxes - deductible expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxEffectOfNondeductibleExpenses" xlink:to="pbr_TaxEffectOfNondeductibleExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxEffectOfSettlements" xlink:label="pbr_TaxEffectOfSettlements"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxEffectOfSettlements_lbl" xml:lang="en-US" id="id_14489302_3454607_3_1"> Tax effect of settlement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxEffectOfSettlements_lbl" xml:lang="en-US" id="id_14489302_3454607_1_1"> Tax Effect of settlements </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="pbr_TaxEffectOfSettlements_lbl" xml:lang="en-US" id="id_14489302_3454607_19_1"> Total </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxEffectOfSettlements" xlink:to="pbr_TaxEffectOfSettlements_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxEffectOfSettlementsAfterReliefs" xlink:label="pbr_TaxEffectOfSettlementsAfterReliefs"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxEffectOfSettlementsAfterReliefs_lbl" xml:lang="en-US" id="id_14489302_3461269_3_1"> Tax Effect of settlements after reliefs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxEffectOfSettlementsAfterReliefs_lbl" xml:lang="en-US" id="id_14489302_3461269_1_1"> Tax Effect of settlements after reliefs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="pbr_TaxEffectOfSettlementsAfterReliefs_lbl" xml:lang="en-US" id="id_14489302_3461269_19_1"> Total - after reliefs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxEffectOfSettlementsAfterReliefs" xlink:to="pbr_TaxEffectOfSettlementsAfterReliefs_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TaxEffectOfTaxLosses" xlink:label="ifrs-full_TaxEffectOfTaxLosses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxEffectOfTaxLosses_lbl" xml:lang="en-US" id="id_14489302_3423027_1_1"> Tax effect of tax losses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TaxEffectOfTaxLosses_lbl" xml:lang="en-US" id="id_14489302_3423027_2_1"> Tax losses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectOfTaxLosses" xlink:to="ifrs-full_TaxEffectOfTaxLosses_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxesPeriodAxis" xlink:label="pbr_TaxesPeriodAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxesPeriodAxis_lbl" xml:lang="en-US" id="id_14489302_3549754_3_1"> Taxes period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxesPeriodAxis_lbl" xml:lang="en-US" id="id_14489302_3549754_1_1"> Taxes period [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxesPeriodAxis_lbl" xml:lang="en-US" id="id_14489302_3549754_2_1"> Taxes period [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxesPeriodAxis" xlink:to="pbr_TaxesPeriodAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxesPeriodMember" xlink:label="pbr_TaxesPeriodMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxesPeriodMember_lbl" xml:lang="en-US" id="id_14489302_3549755_3_1"> Taxes periods. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxesPeriodMember_lbl" xml:lang="en-US" id="id_14489302_3549755_1_1"> Taxes period [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxesPeriodMember_lbl" xml:lang="en-US" id="id_14489302_3549755_2_1"> Taxes period [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxesPeriodMember" xlink:to="pbr_TaxesPeriodMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxesYear2014To2017Member" xlink:label="pbr_TaxesYear2014To2017Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxesYear2014To2017Member_lbl" xml:lang="en-US" id="id_14489302_3553177_3_1"> Taxes year 2014 to 2017. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxesYear2014To2017Member_lbl" xml:lang="en-US" id="id_14489302_3553177_1_1"> Taxes year 2014 to 2017 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxesYear2014To2017Member_lbl" xml:lang="en-US" id="id_14489302_3553177_2_1"> Taxes year 2014 to 2017 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxesYear2014To2017Member" xlink:to="pbr_TaxesYear2014To2017Member_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxesYear2018Member" xlink:label="pbr_TaxesYear2018Member"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxesYear2018Member_lbl" xml:lang="en-US" id="id_14489302_3549521_3_1"> Taxes year 2018. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxesYear2018Member_lbl" xml:lang="en-US" id="id_14489302_3549521_1_1"> Taxes year 2018 [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxesYear2018Member_lbl" xml:lang="en-US" id="id_14489302_3549521_2_1"> Taxes year 2018 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxesYear2018Member" xlink:to="pbr_TaxesYear2018Member_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:label="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_lbl" xml:lang="en-US" id="id_14489302_3423029_1_1"> Tax expense other than income tax expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_lbl" xml:lang="en-US" id="id_14489302_3423029_2_1"> Other taxes </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_lbl" xml:lang="en-US" id="id_14489302_3423029_14_1"> Other taxes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:to="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxIncentiveReserveMember" xlink:label="pbr_TaxIncentiveReserveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxIncentiveReserveMember_lbl" xml:lang="en-US" id="id_14489302_3487185_3_1"> Tax incentive reserve. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxIncentiveReserveMember_lbl" xml:lang="en-US" id="id_14489302_3487185_1_1"> Tax Incentive Reserve [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxIncentiveReserveMember_lbl" xml:lang="en-US" id="id_14489302_3487185_2_1"> Tax incentives reserve [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxIncentiveReserveMember" xlink:to="pbr_TaxIncentiveReserveMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxIncentivesAdjustmentsToEffectiveTaxRate" xlink:label="pbr_TaxIncentivesAdjustmentsToEffectiveTaxRate"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxIncentivesAdjustmentsToEffectiveTaxRate_lbl" xml:lang="en-US" id="id_14489302_3448522_3_1"> Tax Incentives Adjustments To Effective Tax Rate. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxIncentivesAdjustmentsToEffectiveTaxRate_lbl" xml:lang="en-US" id="id_14489302_3448522_1_1"> Tax Incentives Adjustments To Effective Tax Rate </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxIncentivesAdjustmentsToEffectiveTaxRate_lbl" xml:lang="en-US" id="id_14489302_3448522_2_1"> Tax incentives </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxIncentivesAdjustmentsToEffectiveTaxRate" xlink:to="pbr_TaxIncentivesAdjustmentsToEffectiveTaxRate_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxIncentivesReserve" xlink:label="pbr_TaxIncentivesReserve"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxIncentivesReserve_lbl" xml:lang="en-US" id="id_14489302_3460123_3_1"> Tax incentives reserve. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxIncentivesReserve_lbl" xml:lang="en-US" id="id_14489302_3460123_1_1"> Tax incentives reserve </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxIncentivesReserve_lbl" xml:lang="en-US" id="id_14489302_3460123_2_1"> Tax incentives reserve </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxIncentivesReserve" xlink:to="pbr_TaxIncentivesReserve_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxIncentivesReserveReinvestmentsWithOwnResources" xlink:label="pbr_TaxIncentivesReserveReinvestmentsWithOwnResources"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxIncentivesReserveReinvestmentsWithOwnResources_lbl" xml:lang="en-US" id="id_14489302_3553178_3_1"> Tax incentives reserve reinvestments with own resources. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxIncentivesReserveReinvestmentsWithOwnResources_lbl" xml:lang="en-US" id="id_14489302_3553178_1_1"> Tax incentives reserve reinvestments with own resources </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxIncentivesReserveReinvestmentsWithOwnResources_lbl" xml:lang="en-US" id="id_14489302_3553178_2_1"> Tax incentives reserve reinvestments with own resources </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxIncentivesReserveReinvestmentsWithOwnResources" xlink:to="pbr_TaxIncentivesReserveReinvestmentsWithOwnResources_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxLiabilitiesSettlement" xlink:label="pbr_TaxLiabilitiesSettlement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxLiabilitiesSettlement_lbl" xml:lang="en-US" id="id_14489302_3461232_3_1"> Tax liabilities settlement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxLiabilitiesSettlement_lbl" xml:lang="en-US" id="id_14489302_3461232_1_1"> Tax liabilities settlement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxLiabilitiesSettlement_lbl" xml:lang="en-US" id="id_14489302_3461232_2_1"> Debts </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_TaxLiabilitiesSettlement_lbl" xml:lang="en-US" id="id_14489302_3461232_12_1"> Tax settlement, debts </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxLiabilitiesSettlement" xlink:to="pbr_TaxLiabilitiesSettlement_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxLiabilitiesSettlementPaid" xlink:label="pbr_TaxLiabilitiesSettlementPaid"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxLiabilitiesSettlementPaid_lbl" xml:lang="en-US" id="id_14489302_3461285_3_1"> Tax liabilities settlement paid. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxLiabilitiesSettlementPaid_lbl" xml:lang="en-US" id="id_14489302_3461285_1_1"> Tax liabilities settlement paid </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxLiabilitiesSettlementPaid_lbl" xml:lang="en-US" id="id_14489302_3461285_2_1"> Tax settlement, debts paid amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxLiabilitiesSettlementPaid" xlink:to="pbr_TaxLiabilitiesSettlementPaid_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxLiabilitiesSettlementPeriod" xlink:label="pbr_TaxLiabilitiesSettlementPeriod"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxLiabilitiesSettlementPeriod_lbl" xml:lang="en-US" id="id_14489302_3472851_3_1"> Tax liabilities settlement period. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxLiabilitiesSettlementPeriod_lbl" xml:lang="en-US" id="id_14489302_3472851_1_1"> Tax liabilities settlement period </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxLiabilitiesSettlementPeriod_lbl" xml:lang="en-US" id="id_14489302_3472851_2_1"> Tax liabilities settlement period </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxLiabilitiesSettlementPeriod" xlink:to="pbr_TaxLiabilitiesSettlementPeriod_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxLossCarryforwards" xlink:label="pbr_TaxLossCarryforwards"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxLossCarryforwards_lbl" xml:lang="en-US" id="id_14489302_3437801_3_1"> Tax loss carryforwards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxLossCarryforwards_lbl" xml:lang="en-US" id="id_14489302_3437801_1_1"> Tax loss carryforwards </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxLossCarryforwards_lbl" xml:lang="en-US" id="id_14489302_3437801_2_1"> Tax loss carry forwards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxLossCarryforwards" xlink:to="pbr_TaxLossCarryforwards_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxLossesCarryforwards" xlink:label="pbr_TaxLossesCarryforwards"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxLossesCarryforwards_lbl" xml:lang="en-US" id="id_14489302_3448521_3_1"> Tax Losses Carryforwards. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxLossesCarryforwards_lbl" xml:lang="en-US" id="id_14489302_3448521_1_1"> Tax Losses Carryforwards </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_TaxLossesCarryforwards_lbl" xml:lang="en-US" id="id_14489302_3448521_14_1"> Tax loss carryforwards (unrecognized tax losses) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxLossesCarryforwards" xlink:to="pbr_TaxLossesCarryforwards_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxLossesMember" xlink:label="pbr_TaxLossesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxLossesMember_lbl" xml:lang="en-US" id="id_14489302_3476722_3_1"> Tax losses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxLossesMember_lbl" xml:lang="en-US" id="id_14489302_3476722_1_1"> Tax losses [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxLossesMember_lbl" xml:lang="en-US" id="id_14489302_3476722_2_1"> Tax losses [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxLossesMember" xlink:to="pbr_TaxLossesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxReliefAmount" xlink:label="pbr_TaxReliefAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxReliefAmount_lbl" xml:lang="en-US" id="id_14489302_3461247_3_1"> Tax Relief Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxReliefAmount_lbl" xml:lang="en-US" id="id_14489302_3461247_1_1"> Tax Relief Amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxReliefAmount_lbl" xml:lang="en-US" id="id_14489302_3461247_2_1"> Amount of relief </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxReliefAmount" xlink:to="pbr_TaxReliefAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementAbstract" xlink:label="pbr_TaxSettlementAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementAbstract_lbl" xml:lang="en-US" id="id_14489302_3431892_3_1"> Tax settlement [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementAbstract_lbl" xml:lang="en-US" id="id_14489302_3431892_1_1"> Tax settlement [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementAbstract_lbl" xml:lang="en-US" id="id_14489302_3431892_2_1"> Tax settlement [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementAbstract" xlink:to="pbr_TaxSettlementAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementAmount" xlink:label="pbr_TaxSettlementAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementAmount_lbl" xml:lang="en-US" id="id_14489302_3467452_3_1"> Tax settlement amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementAmount_lbl" xml:lang="en-US" id="id_14489302_3467452_1_1"> Tax settlement amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementAmount_lbl" xml:lang="en-US" id="id_14489302_3467452_2_1"> Tax settlement amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementAmount" xlink:to="pbr_TaxSettlementAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementAmountPaid" xlink:label="pbr_TaxSettlementAmountPaid"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementAmountPaid_lbl" xml:lang="en-US" id="id_14489302_3461248_3_1"> Tax settlement amount paid. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementAmountPaid_lbl" xml:lang="en-US" id="id_14489302_3461248_1_1"> Tax settlement amount paid </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementAmountPaid_lbl" xml:lang="en-US" id="id_14489302_3461248_2_1"> Amount to be paid after benefit </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_TaxSettlementAmountPaid_lbl" xml:lang="en-US" id="id_14489302_3461248_12_1"> Tax settlement amount paid </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementAmountPaid" xlink:to="pbr_TaxSettlementAmountPaid_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementAmountPayable" xlink:label="pbr_TaxSettlementAmountPayable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementAmountPayable_lbl" xml:lang="en-US" id="id_14489302_3461284_3_1"> Tax settlement amount payable. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementAmountPayable_lbl" xml:lang="en-US" id="id_14489302_3461284_1_1"> Tax settlement amount payable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementAmountPayable_lbl" xml:lang="en-US" id="id_14489302_3461284_2_1"> Tax settlement amount payable </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementAmountPayable" xlink:to="pbr_TaxSettlementAmountPayable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementBenefitReceived" xlink:label="pbr_TaxSettlementBenefitReceived"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementBenefitReceived_lbl" xml:lang="en-US" id="id_14489302_3469328_3_1"> Tax Settlement benefit received. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementBenefitReceived_lbl" xml:lang="en-US" id="id_14489302_3469328_1_1"> Tax Settlement benefit received </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementBenefitReceived_lbl" xml:lang="en-US" id="id_14489302_3469328_2_1"> Benefits received </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementBenefitReceived" xlink:to="pbr_TaxSettlementBenefitReceived_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementDecreasedAmount" xlink:label="pbr_TaxSettlementDecreasedAmount"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementDecreasedAmount_lbl" xml:lang="en-US" id="id_14489302_3461262_3_1"> Tax settlement decreased amount. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementDecreasedAmount_lbl" xml:lang="en-US" id="id_14489302_3461262_1_1"> Tax settlement decreased amount </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementDecreasedAmount_lbl" xml:lang="en-US" id="id_14489302_3461262_2_1"> Tax settlement decreased amount </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementDecreasedAmount" xlink:to="pbr_TaxSettlementDecreasedAmount_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementExpense" xlink:label="pbr_TaxSettlementExpense"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementExpense_lbl" xml:lang="en-US" id="id_14489302_3448234_3_1"> Tax settlement expense. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementExpense_lbl" xml:lang="en-US" id="id_14489302_3448234_1_1"> Tax Settlement expense </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementExpense_lbl" xml:lang="en-US" id="id_14489302_3448234_2_1"> Disputes </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementExpense" xlink:to="pbr_TaxSettlementExpense_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementImpactsWithinTheStatementOfIncome" xlink:label="pbr_TaxSettlementImpactsWithinTheStatementOfIncome"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementImpactsWithinTheStatementOfIncome_lbl" xml:lang="en-US" id="id_14489302_3461271_3_1"> Tax settlement impacts within the statement of income. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementImpactsWithinTheStatementOfIncome_lbl" xml:lang="en-US" id="id_14489302_3461271_1_1"> Tax settlement impacts within the statement of income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementImpactsWithinTheStatementOfIncome_lbl" xml:lang="en-US" id="id_14489302_3461271_2_1"> Impacts within the statement of income </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="pbr_TaxSettlementImpactsWithinTheStatementOfIncome_lbl" xml:lang="en-US" id="id_14489302_3461271_19_1"> Impacts within the statement of income </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementImpactsWithinTheStatementOfIncome" xlink:to="pbr_TaxSettlementImpactsWithinTheStatementOfIncome_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementLineItems" xlink:label="pbr_TaxSettlementLineItems"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementLineItems_lbl" xml:lang="en-US" id="id_14489302_3431893_3_1"> Tax settlement. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementLineItems_lbl" xml:lang="en-US" id="id_14489302_3431893_1_1"> Tax settlement [line items] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementLineItems_lbl" xml:lang="en-US" id="id_14489302_3431893_2_1"> Tax settlement [line items] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementLineItems" xlink:to="pbr_TaxSettlementLineItems_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementProgramMember" xlink:label="pbr_TaxSettlementProgramMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementProgramMember_lbl" xml:lang="en-US" id="id_14489302_3510384_3_1"> Tax Settlement Program [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementProgramMember_lbl" xml:lang="en-US" id="id_14489302_3510384_1_1"> Tax Settlement Program [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementProgramMember_lbl" xml:lang="en-US" id="id_14489302_3510384_2_1"> Tax Settlement Program [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementProgramMember" xlink:to="pbr_TaxSettlementProgramMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementPrograms" xlink:label="pbr_TaxSettlementPrograms"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementPrograms_lbl" xml:lang="en-US" id="id_14489302_3461330_3_1"> Tax settlement program. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementPrograms_lbl" xml:lang="en-US" id="id_14489302_3461330_1_1"> Tax settlement programs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementPrograms_lbl" xml:lang="en-US" id="id_14489302_3461330_2_1"> Tax settlement programs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementPrograms" xlink:to="pbr_TaxSettlementPrograms_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementProgramsPRTMember" xlink:label="pbr_TaxSettlementProgramsPRTMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementProgramsPRTMember_lbl" xml:lang="en-US" id="id_14489302_3510306_3_1"> Tax settlement programs - PRT. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementProgramsPRTMember_lbl" xml:lang="en-US" id="id_14489302_3510306_1_1"> Tax settlement programs - PRT [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementProgramsPRTMember_lbl" xml:lang="en-US" id="id_14489302_3510306_2_1"> Tax settlement programs - PRT [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementProgramsPRTMember" xlink:to="pbr_TaxSettlementProgramsPRTMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementReductionBenefit" xlink:label="pbr_TaxSettlementReductionBenefit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementReductionBenefit_lbl" xml:lang="en-US" id="id_14489302_3448235_3_1"> Tax settlement reduction benefit. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementReductionBenefit_lbl" xml:lang="en-US" id="id_14489302_3448235_1_1"> Tax Settlement reduction benefit </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementReductionBenefit_lbl" xml:lang="en-US" id="id_14489302_3448235_2_1"> Reduction Benefit </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementReductionBenefit" xlink:to="pbr_TaxSettlementReductionBenefit_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TaxSettlementTable" xlink:label="pbr_TaxSettlementTable"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TaxSettlementTable_lbl" xml:lang="en-US" id="id_14489302_3473214_3_1"> Tax settlement [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TaxSettlementTable_lbl" xml:lang="en-US" id="id_14489302_3473214_1_1"> Tax settlement [table] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TaxSettlementTable_lbl" xml:lang="en-US" id="id_14489302_3473214_2_1"> Tax settlement [table] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TaxSettlementTable" xlink:to="pbr_TaxSettlementTable_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TechnicalRevisionsMember" xlink:label="pbr_TechnicalRevisionsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TechnicalRevisionsMember_lbl" xml:lang="en-US" id="id_14489302_3510331_3_1"> Technical Revisions [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TechnicalRevisionsMember_lbl" xml:lang="en-US" id="id_14489302_3510331_1_1"> Technical Revisions [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TechnicalRevisionsMember_lbl" xml:lang="en-US" id="id_14489302_3510331_2_1"> Technical Revisions [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TechnicalRevisionsMember" xlink:to="pbr_TechnicalRevisionsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_lbl" xml:lang="en-US" id="id_14489302_3423034_1_1"> Temporary difference, unused tax losses and unused tax credits [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_lbl" xml:lang="en-US" id="id_14489302_3423034_2_1"> Temporary difference, unused tax losses and unused tax credits [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:to="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember_lbl" xml:lang="en-US" id="id_14489302_3423035_1_1"> Temporary difference, unused tax losses and unused tax credits [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember_lbl" xml:lang="en-US" id="id_14489302_3423035_2_1"> Temporary difference, unused tax losses and unused tax credits [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember" xlink:to="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TermobahiaSAMember" xlink:label="pbr_TermobahiaSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TermobahiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487506_3_1"> Termobahia S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TermobahiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487506_1_1"> Termobahia S.A. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TermobahiaSAMember_lbl" xml:lang="en-US" id="id_14489302_3487506_2_1"> Termobahia S.A. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TermobahiaSAMember" xlink:to="pbr_TermobahiaSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TermoeletricaPotiguarSATEPMember" xlink:label="pbr_TermoeletricaPotiguarSATEPMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TermoeletricaPotiguarSATEPMember_lbl" xml:lang="en-US" id="id_14489302_3487574_3_1"> Termoeletrica Potiguar S.A.TEP. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TermoeletricaPotiguarSATEPMember_lbl" xml:lang="en-US" id="id_14489302_3487574_1_1"> Termoeletrica Potiguar S.A.TEP [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TermoeletricaPotiguarSATEPMember_lbl" xml:lang="en-US" id="id_14489302_3487574_2_1"> Termoeletrica Potiguar S.A.TEP [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TermoeletricaPotiguarSATEPMember" xlink:to="pbr_TermoeletricaPotiguarSATEPMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TermOfFinancialCommitmentPaidByCompanyFairValueOfPlanAssets" xlink:label="pbr_TermOfFinancialCommitmentPaidByCompanyFairValueOfPlanAssets"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TermOfFinancialCommitmentPaidByCompanyFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3456490_3_1"> Term of financial commitment paid by company fair value of plan assets. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TermOfFinancialCommitmentPaidByCompanyFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3456490_1_1"> Term Of Financial Commitment Paid By Company Fair Value Of Plan Assets </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TermOfFinancialCommitmentPaidByCompanyFairValueOfPlanAssets_lbl" xml:lang="en-US" id="id_14489302_3456490_2_1"> Term of financial commitment (TFC) paid by the Company </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TermOfFinancialCommitmentPaidByCompanyFairValueOfPlanAssets" xlink:to="pbr_TermOfFinancialCommitmentPaidByCompanyFairValueOfPlanAssets_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TermomacaeComercializadoraDeEnergiaLtdaMember" xlink:label="pbr_TermomacaeComercializadoraDeEnergiaLtdaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TermomacaeComercializadoraDeEnergiaLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487530_3_1"> Termomacae Comercializadora de Energia Ltda. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TermomacaeComercializadoraDeEnergiaLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487530_1_1"> Termomacae Comercializadora de Energia Ltda [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TermomacaeComercializadoraDeEnergiaLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487530_2_1"> Termomacae Comercializadora de Energia Ltda [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TermomacaeComercializadoraDeEnergiaLtdaMember" xlink:to="pbr_TermomacaeComercializadoraDeEnergiaLtdaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TermomacaeLtdaMember" xlink:label="pbr_TermomacaeLtdaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TermomacaeLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487515_3_1"> Termomacae Ltda. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TermomacaeLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487515_1_1"> Termomacae Ltda. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TermomacaeLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487515_2_1"> Termomacae Ltda. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TermomacaeLtdaMember" xlink:to="pbr_TermomacaeLtdaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TermsOfFinancialCommitmentBalance" xlink:label="pbr_TermsOfFinancialCommitmentBalance"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TermsOfFinancialCommitmentBalance_lbl" xml:lang="en-US" id="id_14489302_3456164_3_1"> Terms of financial commitment balance. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TermsOfFinancialCommitmentBalance_lbl" xml:lang="en-US" id="id_14489302_3456164_1_1"> Terms of financial commitment balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TermsOfFinancialCommitmentBalance_lbl" xml:lang="en-US" id="id_14489302_3456164_2_1"> Terms of financial commitment balance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TermsOfFinancialCommitmentBalance" xlink:to="pbr_TermsOfFinancialCommitmentBalance_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TextBlock1Abstract" xlink:label="pbr_TextBlock1Abstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TextBlock1Abstract_lbl" xml:lang="en-US" id="id_14489302_3431152_3_1"> Text block1 [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TextBlock1Abstract_lbl" xml:lang="en-US" id="id_14489302_3431152_1_1"> Text block1 [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TextBlock1Abstract_lbl" xml:lang="en-US" id="id_14489302_3431152_2_1"> Text Block [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TextBlock1Abstract" xlink:to="pbr_TextBlock1Abstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TextBlockAbstract" xlink:label="pbr_TextBlockAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TextBlockAbstract_lbl" xml:lang="en-US" id="id_14489302_3426207_3_1"> Text block [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TextBlockAbstract_lbl" xml:lang="en-US" id="id_14489302_3426207_1_1"> Text block [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TextBlockAbstract_lbl" xml:lang="en-US" id="id_14489302_3426207_2_1"> Text Block [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TextBlockAbstract" xlink:to="pbr_TextBlockAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ThirdInstallmentMember" xlink:label="pbr_ThirdInstallmentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ThirdInstallmentMember_lbl" xml:lang="en-US" id="id_14489302_3482864_3_1"> Third installment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ThirdInstallmentMember_lbl" xml:lang="en-US" id="id_14489302_3482864_1_1"> Third Installment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ThirdInstallmentMember_lbl" xml:lang="en-US" id="id_14489302_3482864_2_1"> Third Installment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ThirdInstallmentMember" xlink:to="pbr_ThirdInstallmentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ThirdPartiesAbroadMember" xlink:label="pbr_ThirdPartiesAbroadMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ThirdPartiesAbroadMember_lbl" xml:lang="en-US" id="id_14489302_3487784_3_1"> Third parties abroad. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ThirdPartiesAbroadMember_lbl" xml:lang="en-US" id="id_14489302_3487784_1_1"> Third Parties Abroad [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ThirdPartiesAbroadMember_lbl" xml:lang="en-US" id="id_14489302_3487784_2_1"> Third Parties Abroad [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ThirdPartiesAbroadMember" xlink:to="pbr_ThirdPartiesAbroadMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ThirdPartiesInBrazilMember" xlink:label="pbr_ThirdPartiesInBrazilMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ThirdPartiesInBrazilMember_lbl" xml:lang="en-US" id="id_14489302_3487786_3_1"> Third parties in brazil. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ThirdPartiesInBrazilMember_lbl" xml:lang="en-US" id="id_14489302_3487786_1_1"> Third Parties In Brazil [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ThirdPartiesInBrazilMember_lbl" xml:lang="en-US" id="id_14489302_3487786_2_1"> Third Parties In Brazil [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ThirdPartiesInBrazilMember" xlink:to="pbr_ThirdPartiesInBrazilMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ThirdPartiesMember" xlink:label="pbr_ThirdPartiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ThirdPartiesMember_lbl" xml:lang="en-US" id="id_14489302_3501633_3_1"> Third parties. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ThirdPartiesMember_lbl" xml:lang="en-US" id="id_14489302_3501633_1_1"> Third parties [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ThirdPartiesMember_lbl" xml:lang="en-US" id="id_14489302_3501633_2_1"> Third parties [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ThirdPartiesMember" xlink:to="pbr_ThirdPartiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ThirdPaymentOfInterestOnCapitalMember" xlink:label="pbr_ThirdPaymentOfInterestOnCapitalMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ThirdPaymentOfInterestOnCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3540998_3_1"> Third payment of interest on capital. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ThirdPaymentOfInterestOnCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3540998_1_1"> Third Payment Of Interest On Capital [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ThirdPaymentOfInterestOnCapitalMember_lbl" xml:lang="en-US" id="id_14489302_3540998_2_1"> 3 rd payment of interest on capital [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ThirdPaymentOfInterestOnCapitalMember" xlink:to="pbr_ThirdPaymentOfInterestOnCapitalMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_ThreeRPetroleumCompanyMember" xlink:label="pbr_ThreeRPetroleumCompanyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_ThreeRPetroleumCompanyMember_lbl" xml:lang="en-US" id="id_14489302_3553319_3_1"> 3R Petroleum Company. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_ThreeRPetroleumCompanyMember_lbl" xml:lang="en-US" id="id_14489302_3553319_1_1"> ThreeR Petroleum Company [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_ThreeRPetroleumCompanyMember_lbl" xml:lang="en-US" id="id_14489302_3553319_2_1"> 3R Petroleum Company [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_ThreeRPetroleumCompanyMember" xlink:to="pbr_ThreeRPetroleumCompanyMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TimeDepositsMember" xlink:label="pbr_TimeDepositsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TimeDepositsMember_lbl" xml:lang="en-US" id="id_14489302_3509090_3_1"> Time deposits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TimeDepositsMember_lbl" xml:lang="en-US" id="id_14489302_3509090_1_1"> Time deposits [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TimeDepositsMember_lbl" xml:lang="en-US" id="id_14489302_3509090_2_1"> Time deposits [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TimeDepositsMember" xlink:to="pbr_TimeDepositsMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_TO" xlink:label="country_TO"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_TO_lbl" xml:lang="en-US" id="id_14489302_3424006_1_1"> TONGA </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_TO_lbl" xml:lang="en-US" id="id_14489302_3424006_2_1"> TONGA </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_TO" xlink:to="country_TO_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TopOfRangeMember" xlink:label="ifrs-full_TopOfRangeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TopOfRangeMember_lbl" xml:lang="en-US" id="id_14489302_3423353_1_1"> Top of range [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TopOfRangeMember_lbl" xml:lang="en-US" id="id_14489302_3423353_2_1"> Top of range [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TopOfRangeMember" xlink:to="ifrs-full_TopOfRangeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TotalErenSAMember" xlink:label="pbr_TotalErenSAMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TotalErenSAMember_lbl" xml:lang="en-US" id="id_14489302_3553304_3_1"> Total Eren S.A. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TotalErenSAMember_lbl" xml:lang="en-US" id="id_14489302_3553304_1_1"> Total Eren S.A [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TotalErenSAMember_lbl" xml:lang="en-US" id="id_14489302_3553304_2_1"> Total Eren S.A [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TotalErenSAMember" xlink:to="pbr_TotalErenSAMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TradeAccountsReceivableNet" xlink:label="pbr_TradeAccountsReceivableNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TradeAccountsReceivableNet_lbl" xml:lang="en-US" id="id_14489302_3437544_3_1"> Trade accounts receivable net. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TradeAccountsReceivableNet_lbl" xml:lang="en-US" id="id_14489302_3437544_1_1"> Trade accounts receivable net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TradeAccountsReceivableNet_lbl" xml:lang="en-US" id="id_14489302_3437544_2_1"> Accounts receivables net of aforementioned advance </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TradeAccountsReceivableNet" xlink:to="pbr_TradeAccountsReceivableNet_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TradeAndOtherCurrentPayables" xlink:label="ifrs-full_TradeAndOtherCurrentPayables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherCurrentPayables_lbl" xml:lang="en-US" id="id_14489302_3424011_1_1"> Trade and other current payables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradeAndOtherCurrentPayables_lbl" xml:lang="en-US" id="id_14489302_3424011_2_1"> Trade payables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherCurrentPayables" xlink:to="ifrs-full_TradeAndOtherCurrentPayables_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TradeAndOtherCurrentReceivables" xlink:label="ifrs-full_TradeAndOtherCurrentReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherCurrentReceivables_lbl" xml:lang="en-US" id="id_14489302_3423049_1_1"> Trade and other current receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradeAndOtherCurrentReceivables_lbl" xml:lang="en-US" id="id_14489302_3423049_2_1"> Current </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradeAndOtherCurrentReceivables_lbl" xml:lang="en-US" id="id_14489302_3423049_12_1"> Trade and other receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherCurrentReceivables" xlink:to="ifrs-full_TradeAndOtherCurrentReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TradeAndOtherReceivables" xlink:label="ifrs-full_TradeAndOtherReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3423053_1_1"> Trade and other receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_TradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3423053_6_1"> Total trade receivables, net </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherReceivables" xlink:to="ifrs-full_TradeAndOtherReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TradeAndOtherReceivablesAbstract" xlink:label="ifrs-full_TradeAndOtherReceivablesAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherReceivablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3423358_1_1"> Trade and other receivables [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradeAndOtherReceivablesAbstract_lbl" xml:lang="en-US" id="id_14489302_3423358_2_1"> Trade and other receivables [abstract] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherReceivablesAbstract" xlink:to="ifrs-full_TradeAndOtherReceivablesAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:label="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_lbl" xml:lang="en-US" id="id_14489302_3423359_1_1"> Receivables due from related parties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_lbl" xml:lang="en-US" id="id_14489302_3423359_2_1"> Trade receivables from contracts with costumers </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:to="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TradeAndOtherReceivablesGross" xlink:label="pbr_TradeAndOtherReceivablesGross"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TradeAndOtherReceivablesGross_lbl" xml:lang="en-US" id="id_14489302_3456487_3_1"> Trade and other receivables, gross. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TradeAndOtherReceivablesGross_lbl" xml:lang="en-US" id="id_14489302_3456487_1_1"> Trade and other receivables, gross </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbr_TradeAndOtherReceivablesGross_lbl" xml:lang="en-US" id="id_14489302_3456487_6_1"> Total trade receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TradeAndOtherReceivablesGross" xlink:to="pbr_TradeAndOtherReceivablesGross_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TradeReceivables" xlink:label="ifrs-full_TradeReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3423360_1_1"> Trade receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_TradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3423360_4_1"> Ending balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_TradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3423360_5_1"> Beginning balance </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_TradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3423360_32_1"> Trade receivables from contracts with costumers </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3423360_2_1"> Trade receivable </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_TradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3423360_6_1"> Total </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradeReceivables_lbl" xml:lang="en-US" id="id_14489302_3423360_12_1"> Trade receivables </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeReceivables" xlink:to="ifrs-full_TradeReceivables_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TradeReceivablesAgreement" xlink:label="pbr_TradeReceivablesAgreement"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TradeReceivablesAgreement_lbl" xml:lang="en-US" id="id_14489302_3448398_3_1"> Trade receivables agreement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TradeReceivablesAgreement_lbl" xml:lang="en-US" id="id_14489302_3448398_1_1"> Trade receivables agreement </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TradeReceivablesAgreement_lbl" xml:lang="en-US" id="id_14489302_3448398_2_1"> Agreements in 2018 </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TradeReceivablesAgreement" xlink:to="pbr_TradeReceivablesAgreement_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TradeReceivablesAxis" xlink:label="pbr_TradeReceivablesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TradeReceivablesAxis_lbl" xml:lang="en-US" id="id_14489302_3475705_3_1"> Trade receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TradeReceivablesAxis_lbl" xml:lang="en-US" id="id_14489302_3475705_1_1"> Trade Receivables [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TradeReceivablesAxis_lbl" xml:lang="en-US" id="id_14489302_3475705_2_1"> Trade Receivables [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TradeReceivablesAxis" xlink:to="pbr_TradeReceivablesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TradeReceivablesCashReceived" xlink:label="pbr_TradeReceivablesCashReceived"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TradeReceivablesCashReceived_lbl" xml:lang="en-US" id="id_14489302_3456108_3_1"> Trade receivables cash received. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TradeReceivablesCashReceived_lbl" xml:lang="en-US" id="id_14489302_3456108_1_1"> Trade receivables cash received </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TradeReceivablesCashReceived_lbl" xml:lang="en-US" id="id_14489302_3456108_2_1"> Amounts received </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TradeReceivablesCashReceived" xlink:to="pbr_TradeReceivablesCashReceived_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TradeReceivablesDomain" xlink:label="pbr_TradeReceivablesDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TradeReceivablesDomain_lbl" xml:lang="en-US" id="id_14489302_3490448_3_1"> Trade receivables domain. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TradeReceivablesDomain_lbl" xml:lang="en-US" id="id_14489302_3490448_1_1"> Trade Receivables [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TradeReceivablesDomain_lbl" xml:lang="en-US" id="id_14489302_3490448_2_1"> Trade Receivables [domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TradeReceivablesDomain" xlink:to="pbr_TradeReceivablesDomain_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TradeReceivablesFromSales" xlink:label="pbr_TradeReceivablesFromSales"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TradeReceivablesFromSales_lbl" xml:lang="en-US" id="id_14489302_3456114_3_1"> Trade receivables from sales. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TradeReceivablesFromSales_lbl" xml:lang="en-US" id="id_14489302_3456114_1_1"> Trade receivables from sales </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TradeReceivablesFromSales_lbl" xml:lang="en-US" id="id_14489302_3456114_2_1"> Sales </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TradeReceivablesFromSales" xlink:to="pbr_TradeReceivablesFromSales_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TradeReceivablesInterest" xlink:label="pbr_TradeReceivablesInterest"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TradeReceivablesInterest_lbl" xml:lang="en-US" id="id_14489302_3448382_3_1"> Trade receivables interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TradeReceivablesInterest_lbl" xml:lang="en-US" id="id_14489302_3448382_1_1"> Trade receivables interest </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TradeReceivablesInterest_lbl" xml:lang="en-US" id="id_14489302_3448382_2_1"> Interest </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TradeReceivablesInterest" xlink:to="pbr_TradeReceivablesInterest_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TradeReceivablesMember" xlink:label="ifrs-full_TradeReceivablesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeReceivablesMember_lbl" xml:lang="en-US" id="id_14489302_3424016_1_1"> Trade receivables [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradeReceivablesMember_lbl" xml:lang="en-US" id="id_14489302_3424016_2_1"> Trade receivables [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeReceivablesMember" xlink:to="ifrs-full_TradeReceivablesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TradingSecurities1" xlink:label="pbr_TradingSecurities1"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TradingSecurities1_lbl" xml:lang="en-US" id="id_14489302_3444493_3_1"> Trading securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TradingSecurities1_lbl" xml:lang="en-US" id="id_14489302_3444493_1_1"> Trading securities 1 </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TradingSecurities1_lbl" xml:lang="en-US" id="id_14489302_3444493_2_1"> Trading securities </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TradingSecurities1" xlink:to="pbr_TradingSecurities1_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TransactionPriceAllocatedToRemainingPerformanceObligations" xlink:label="ifrs-full_TransactionPriceAllocatedToRemainingPerformanceObligations"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TransactionPriceAllocatedToRemainingPerformanceObligations_lbl" xml:lang="en-US" id="id_14489302_3423059_1_1"> Transaction price allocated to remaining performance obligations </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TransactionPriceAllocatedToRemainingPerformanceObligations_lbl" xml:lang="en-US" id="id_14489302_3423059_2_1"> Transaction price allocated to remaining performance obligations </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TransactionPriceAllocatedToRemainingPerformanceObligations" xlink:to="ifrs-full_TransactionPriceAllocatedToRemainingPerformanceObligations_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToCivilMattersContingentLiabilityFourMember" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityFourMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityFourMember_lbl" xml:lang="en-US" id="id_14489302_3488931_3_1"> Transactions related to civil matters contingent liability four. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityFourMember_lbl" xml:lang="en-US" id="id_14489302_3488931_1_1"> Transactions related to civil matters contingent liability four [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityFourMember_lbl" xml:lang="en-US" id="id_14489302_3488931_2_1"> Transactions related to civil matters contingent liability four [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToCivilMattersContingentLiabilityFourMember" xlink:to="pbr_TransactionsRelatedToCivilMattersContingentLiabilityFourMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToCivilMattersContingentLiabilityOneMember" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityOneMember_lbl" xml:lang="en-US" id="id_14489302_3488994_3_1"> Transactions related to civil matters contingent liability one. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityOneMember_lbl" xml:lang="en-US" id="id_14489302_3488994_1_1"> Transactions Related To Civil Matters Contingent Liability One [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityOneMember_lbl" xml:lang="en-US" id="id_14489302_3488994_2_1"> Transactions Related To Civil Matters Contingent Liability One [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToCivilMattersContingentLiabilityOneMember" xlink:to="pbr_TransactionsRelatedToCivilMattersContingentLiabilityOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToCivilMattersContingentLiabilityThreeMember" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityThreeMember_lbl" xml:lang="en-US" id="id_14489302_3488929_3_1"> Transactions related to civil matters contingent liability three. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityThreeMember_lbl" xml:lang="en-US" id="id_14489302_3488929_1_1"> Transactions related to civil matters contingent liability three [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityThreeMember_lbl" xml:lang="en-US" id="id_14489302_3488929_2_1"> Transactions related to civil matters contingent liability three [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToCivilMattersContingentLiabilityThreeMember" xlink:to="pbr_TransactionsRelatedToCivilMattersContingentLiabilityThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToCivilMattersContingentLiabilityTwoMember" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488930_3_1"> Transactions related to civil matters contingent liability two. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488930_1_1"> Transactions related to civil matters contingent liability two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToCivilMattersContingentLiabilityTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488930_2_1"> Transactions related to civil matters contingent liability two [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToCivilMattersContingentLiabilityTwoMember" xlink:to="pbr_TransactionsRelatedToCivilMattersContingentLiabilityTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToContingentPaymentAxis" xlink:label="pbr_TransactionsRelatedToContingentPaymentAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToContingentPaymentAxis_lbl" xml:lang="en-US" id="id_14489302_3475657_3_1"> The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table. Transactions related to contingent payment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToContingentPaymentAxis_lbl" xml:lang="en-US" id="id_14489302_3475657_1_1"> Transactions related to contingent payment [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToContingentPaymentAxis_lbl" xml:lang="en-US" id="id_14489302_3475657_2_1"> Transactions related to contingent payment [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToContingentPaymentAxis" xlink:to="pbr_TransactionsRelatedToContingentPaymentAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToContingentPaymentMember" xlink:label="pbr_TransactionsRelatedToContingentPaymentMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToContingentPaymentMember_lbl" xml:lang="en-US" id="id_14489302_3503731_3_1"> Transactions related to contingent payment. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToContingentPaymentMember_lbl" xml:lang="en-US" id="id_14489302_3503731_1_1"> Transactions related to contingent payment [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToContingentPaymentMember_lbl" xml:lang="en-US" id="id_14489302_3503731_2_1"> Transactions related to contingent payment [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToContingentPaymentMember" xlink:to="pbr_TransactionsRelatedToContingentPaymentMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityOneMember" xlink:label="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityOneMember_lbl" xml:lang="en-US" id="id_14489302_3488939_3_1"> Transactions related to environmental matters contingent liability one. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityOneMember_lbl" xml:lang="en-US" id="id_14489302_3488939_1_1"> Transactions related to environmental matters contingent liability one [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityOneMember_lbl" xml:lang="en-US" id="id_14489302_3488939_2_1"> Transactions related to environmental matters contingent liability one [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityOneMember" xlink:to="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityThreeMember" xlink:label="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityThreeMember_lbl" xml:lang="en-US" id="id_14489302_3553254_3_1"> Transactions related to environmental matters contingent liability three. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityThreeMember_lbl" xml:lang="en-US" id="id_14489302_3553254_1_1"> Transactions related to environmental matters contingent liability three [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityThreeMember_lbl" xml:lang="en-US" id="id_14489302_3553254_2_1"> Transactions related to environmental matters contingent liability three [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityThreeMember" xlink:to="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityTwoMember" xlink:label="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488940_3_1"> Transactions related to environmental matters contingent liability two. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488940_1_1"> Transactions related to environmental matters contingent liability two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488940_2_1"> Transactions related to environmental matters contingent liability two [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityTwoMember" xlink:to="pbr_TransactionsRelatedToEnvironmentalMattersContingentLiabilityTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToLabourMattersContingentLiabilityOneMember" xlink:label="pbr_TransactionsRelatedToLabourMattersContingentLiabilityOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToLabourMattersContingentLiabilityOneMember_lbl" xml:lang="en-US" id="id_14489302_3488997_3_1"> Transactions related to labour matters contingent liability one. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToLabourMattersContingentLiabilityOneMember_lbl" xml:lang="en-US" id="id_14489302_3488997_1_1"> Transactions Related To Labour Matters Contingent Liability One [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToLabourMattersContingentLiabilityOneMember_lbl" xml:lang="en-US" id="id_14489302_3488997_2_1"> Transactions Related To Labour Matters Contingent Liability One [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToLabourMattersContingentLiabilityOneMember" xlink:to="pbr_TransactionsRelatedToLabourMattersContingentLiabilityOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToLabourMattersContingentLiabilityTwoMember" xlink:label="pbr_TransactionsRelatedToLabourMattersContingentLiabilityTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToLabourMattersContingentLiabilityTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488992_3_1"> Transactions related to labour matters contingent liability two. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToLabourMattersContingentLiabilityTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488992_1_1"> Transactions Related To Labour Matters Contingent Liability Two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToLabourMattersContingentLiabilityTwoMember_lbl" xml:lang="en-US" id="id_14489302_3488992_2_1"> Transactions Related To Labour Matters Contingent Liability Two [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToLabourMattersContingentLiabilityTwoMember" xlink:to="pbr_TransactionsRelatedToLabourMattersContingentLiabilityTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToOtherCivilMattersContingentLiabilityMember" xlink:label="pbr_TransactionsRelatedToOtherCivilMattersContingentLiabilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToOtherCivilMattersContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3488936_3_1"> Transactions related to other civil matters contingent liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToOtherCivilMattersContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3488936_1_1"> Transactions related to other civil matters contingent liability [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToOtherCivilMattersContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3488936_2_1"> Transactions related to other civil matters contingent liability [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToOtherCivilMattersContingentLiabilityMember" xlink:to="pbr_TransactionsRelatedToOtherCivilMattersContingentLiabilityMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToOtherEnvironmentalMattersContingentLiabilityMember" xlink:label="pbr_TransactionsRelatedToOtherEnvironmentalMattersContingentLiabilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToOtherEnvironmentalMattersContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3488937_3_1"> Transactions related to other environmental matters contingent liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToOtherEnvironmentalMattersContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3488937_1_1"> Transactions related to other environmental matters contingent liability [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToOtherEnvironmentalMattersContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3488937_2_1"> Transactions related to other environmental matters contingent liability [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToOtherEnvironmentalMattersContingentLiabilityMember" xlink:to="pbr_TransactionsRelatedToOtherEnvironmentalMattersContingentLiabilityMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToOtherLabourMattersContingentLiabilityMember" xlink:label="pbr_TransactionsRelatedToOtherLabourMattersContingentLiabilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToOtherLabourMattersContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3488980_3_1"> Transactions related to other labour matters contingent liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToOtherLabourMattersContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3488980_1_1"> Transactions Related To Other Labour Matters Contingent Liability [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToOtherLabourMattersContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3488980_2_1"> Transactions Related To Other Labour Matters Contingent Liability [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToOtherLabourMattersContingentLiabilityMember" xlink:to="pbr_TransactionsRelatedToOtherLabourMattersContingentLiabilityMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToOtherTaxContingentLiabilityMember" xlink:label="pbr_TransactionsRelatedToOtherTaxContingentLiabilityMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToOtherTaxContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3498418_3_1"> Transactions related to other tax contingent liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToOtherTaxContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3498418_1_1"> Transactions Related To Other Tax Contingent Liability [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToOtherTaxContingentLiabilityMember_lbl" xml:lang="en-US" id="id_14489302_3498418_2_1"> Transactions Related To Other Tax Contingent Liability [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToOtherTaxContingentLiabilityMember" xlink:to="pbr_TransactionsRelatedToOtherTaxContingentLiabilityMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityEighteenMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityEighteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityEighteenMember_lbl" xml:lang="en-US" id="id_14489302_3498408_3_1"> Transactions related to tax contingent liability eighteen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityEighteenMember_lbl" xml:lang="en-US" id="id_14489302_3498408_1_1"> Transactions Related To Tax Contingent Liability Eighteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityEighteenMember_lbl" xml:lang="en-US" id="id_14489302_3498408_2_1"> Transactions Related To Tax Contingent Liability Eighteen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityEighteenMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityEighteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityEightMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityEightMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityEightMember_lbl" xml:lang="en-US" id="id_14489302_3498399_3_1"> Transactions Related To Tax Contingent Liability Eight. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityEightMember_lbl" xml:lang="en-US" id="id_14489302_3498399_1_1"> Transactions Related To Tax Contingent Liability Eight [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityEightMember_lbl" xml:lang="en-US" id="id_14489302_3498399_2_1"> Transactions Related To Tax Contingent Liability Eight [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityEightMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityEightMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityElevenMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityElevenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityElevenMember_lbl" xml:lang="en-US" id="id_14489302_3498402_3_1"> Transactions related to tax contingent liability eleven. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityElevenMember_lbl" xml:lang="en-US" id="id_14489302_3498402_1_1"> Transactions Related To Tax Contingent Liability Eleven [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityElevenMember_lbl" xml:lang="en-US" id="id_14489302_3498402_2_1"> Transactions Related To Tax Contingent Liability Eleven [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityElevenMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityElevenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityFifteenMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFifteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFifteenMember_lbl" xml:lang="en-US" id="id_14489302_3498405_3_1"> Transactions related to tax contingent liability fifteen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFifteenMember_lbl" xml:lang="en-US" id="id_14489302_3498405_1_1"> Transactions Related To Tax Contingent Liability Fifteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFifteenMember_lbl" xml:lang="en-US" id="id_14489302_3498405_2_1"> Transactions related to tax contingent liability fifteen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityFifteenMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityFifteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityFiveMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFiveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFiveMember_lbl" xml:lang="en-US" id="id_14489302_3498396_3_1"> Transactions related to tax contingent liability five. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFiveMember_lbl" xml:lang="en-US" id="id_14489302_3498396_1_1"> Transactions Related To Tax Contingent Liability Five [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFiveMember_lbl" xml:lang="en-US" id="id_14489302_3498396_2_1"> Transactions Related To Tax Contingent Liability Five [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityFiveMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityFiveMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityFourMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFourMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFourMember_lbl" xml:lang="en-US" id="id_14489302_3487823_3_1"> Transactions Related To Tax Contingent Liability Four. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFourMember_lbl" xml:lang="en-US" id="id_14489302_3487823_1_1"> Transactions Related To Tax Contingent Liability Four [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFourMember_lbl" xml:lang="en-US" id="id_14489302_3487823_2_1"> Transactions Related To Tax Contingent Liability Four [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityFourMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityFourMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityFourteenMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFourteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFourteenMember_lbl" xml:lang="en-US" id="id_14489302_3498404_3_1"> Transactions related to tax contingent liability fourteen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFourteenMember_lbl" xml:lang="en-US" id="id_14489302_3498404_1_1"> Transactions Related To Tax Contingent Liability Fourteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityFourteenMember_lbl" xml:lang="en-US" id="id_14489302_3498404_2_1"> Transactions Related To Tax Contingent Liability Fourteen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityFourteenMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityFourteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityNineMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityNineMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityNineMember_lbl" xml:lang="en-US" id="id_14489302_3498400_3_1"> Transactions Related To Tax Contingent Liability Nine. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityNineMember_lbl" xml:lang="en-US" id="id_14489302_3498400_1_1"> Transactions Related To Tax Contingent Liability Nine [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityNineMember_lbl" xml:lang="en-US" id="id_14489302_3498400_2_1"> Transactions Related To Tax Contingent Liability Nine [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityNineMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityNineMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityNineteenMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityNineteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityNineteenMember_lbl" xml:lang="en-US" id="id_14489302_3498409_3_1"> Transactions related to tax contingent liability nineteen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityNineteenMember_lbl" xml:lang="en-US" id="id_14489302_3498409_1_1"> Transactions Related To Tax Contingent Liability Nineteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityNineteenMember_lbl" xml:lang="en-US" id="id_14489302_3498409_2_1"> Transactions Related To Tax Contingent Liability Nineteen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityNineteenMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityNineteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityOneMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityOneMember_lbl" xml:lang="en-US" id="id_14489302_3487819_3_1"> Transactions Related To Tax Contingent Liability One. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityOneMember_lbl" xml:lang="en-US" id="id_14489302_3487819_1_1"> Transactions Related To Tax Contingent Liability One [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityOneMember_lbl" xml:lang="en-US" id="id_14489302_3487819_2_1"> Transactions Related To Tax Contingent Liability One [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityOneMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilitySevenMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySevenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySevenMember_lbl" xml:lang="en-US" id="id_14489302_3498398_3_1"> Transactions Related To Tax Contingent Liability Seven. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySevenMember_lbl" xml:lang="en-US" id="id_14489302_3498398_1_1"> Transactions Related To Tax Contingent Liability Seven [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySevenMember_lbl" xml:lang="en-US" id="id_14489302_3498398_2_1"> Transactions Related To Tax Contingent Liability Seven [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilitySevenMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilitySevenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilitySeventeenMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySeventeenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySeventeenMember_lbl" xml:lang="en-US" id="id_14489302_3498407_3_1"> Transactions related to tax contingent liability seventeen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySeventeenMember_lbl" xml:lang="en-US" id="id_14489302_3498407_1_1"> Transactions Related To Tax Contingent Liability Seventeen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySeventeenMember_lbl" xml:lang="en-US" id="id_14489302_3498407_2_1"> Transactions Related To Tax Contingent Liability Seventeen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilitySeventeenMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilitySeventeenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilitySixMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySixMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySixMember_lbl" xml:lang="en-US" id="id_14489302_3498397_3_1"> Transactions related to tax contingent liability six. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySixMember_lbl" xml:lang="en-US" id="id_14489302_3498397_1_1"> Transactions Related To Tax Contingent Liability Six [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySixMember_lbl" xml:lang="en-US" id="id_14489302_3498397_2_1"> Transactions Related To Tax Contingent Liability Six [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilitySixMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilitySixMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilitySixteenMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySixteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySixteenMember_lbl" xml:lang="en-US" id="id_14489302_3498406_3_1"> Transactions related to tax contingent liability sixteen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySixteenMember_lbl" xml:lang="en-US" id="id_14489302_3498406_1_1"> Transactions Related To Tax Contingent Liability Sixteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilitySixteenMember_lbl" xml:lang="en-US" id="id_14489302_3498406_2_1"> Transactions related to tax contingent liability sixteen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilitySixteenMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilitySixteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityTenMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTenMember_lbl" xml:lang="en-US" id="id_14489302_3498401_3_1"> Transactions related to tax contingent liability ten. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTenMember_lbl" xml:lang="en-US" id="id_14489302_3498401_1_1"> Transactions Related To Tax Contingent Liability Ten [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTenMember_lbl" xml:lang="en-US" id="id_14489302_3498401_2_1"> Transactions Related To Tax Contingent Liability Ten [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityTenMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityTenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityThirteenMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityThirteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityThirteenMember_lbl" xml:lang="en-US" id="id_14489302_3498403_3_1"> Transactions related to tax contingent liability thirteen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityThirteenMember_lbl" xml:lang="en-US" id="id_14489302_3498403_1_1"> Transactions Related To Tax Contingent Liability Thirteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityThirteenMember_lbl" xml:lang="en-US" id="id_14489302_3498403_2_1"> Transactions Related To Tax Contingent Liability Thirteen [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityThirteenMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityThirteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityThreeMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityThreeMember_lbl" xml:lang="en-US" id="id_14489302_3487821_3_1"> Transactions Related To Tax Contingent Liability Three. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityThreeMember_lbl" xml:lang="en-US" id="id_14489302_3487821_1_1"> Transactions Related To Tax Contingent Liability Three [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityThreeMember_lbl" xml:lang="en-US" id="id_14489302_3487821_2_1"> Transactions Related To Tax Contingent Liability Three [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityThreeMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityTwelveMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwelveMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwelveMember_lbl" xml:lang="en-US" id="id_14489302_3530011_3_1"> Transactions related to tax contingent liability twelve. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwelveMember_lbl" xml:lang="en-US" id="id_14489302_3530011_1_1"> Transactions Related To Tax Contingent Liability Twelve [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwelveMember_lbl" xml:lang="en-US" id="id_14489302_3530011_2_1"> Transactions Related To Tax Contingent Liability Twelve [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityTwelveMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityTwelveMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityTwentyMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyMember_lbl" xml:lang="en-US" id="id_14489302_3498410_3_1"> Transactions related to tax contingent liability twenty. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyMember_lbl" xml:lang="en-US" id="id_14489302_3498410_1_1"> Transactions Related To Tax Contingent Liability Twenty [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyMember_lbl" xml:lang="en-US" id="id_14489302_3498410_2_1"> Transactions Related To Tax Contingent Liability Twenty [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityTwentyOneMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyOneMember_lbl" xml:lang="en-US" id="id_14489302_3498411_3_1"> Transactions related to tax contingent liability twenty one. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyOneMember_lbl" xml:lang="en-US" id="id_14489302_3498411_1_1"> Transactions Related To Tax Contingent Liability Twenty One [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyOneMember_lbl" xml:lang="en-US" id="id_14489302_3498411_2_1"> Transactions Related To Tax Contingent Liability Twenty One [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyOneMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityTwentyTwoMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyTwoMember_lbl" xml:lang="en-US" id="id_14489302_3553250_3_1"> Transactions Related To Tax Contingent Liability Twenty Two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyTwoMember_lbl" xml:lang="en-US" id="id_14489302_3553250_1_1"> Transactions Related To Tax Contingent Liability Twenty Two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyTwoMember_lbl" xml:lang="en-US" id="id_14489302_3553250_2_1"> Transactions Related To Tax Contingent Liability Twenty Two [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyTwoMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityTwentyTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsRelatedToTaxContingentLiabilityTwoMember" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwoMember_lbl" xml:lang="en-US" id="id_14489302_3487820_3_1"> Transactions Related To Tax Contingent Liability Two. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwoMember_lbl" xml:lang="en-US" id="id_14489302_3487820_1_1"> Transactions Related To Tax Contingent Liability Two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsRelatedToTaxContingentLiabilityTwoMember_lbl" xml:lang="en-US" id="id_14489302_3487820_2_1"> Transactions Related To Tax Contingent Liability Two [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsRelatedToTaxContingentLiabilityTwoMember" xlink:to="pbr_TransactionsRelatedToTaxContingentLiabilityTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransactionsWithJointVenturesAssociatesGovernmentEntitiesAndPensionPlansMember" xlink:label="pbr_TransactionsWithJointVenturesAssociatesGovernmentEntitiesAndPensionPlansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransactionsWithJointVenturesAssociatesGovernmentEntitiesAndPensionPlansMember_lbl" xml:lang="en-US" id="id_14489302_3491977_3_1"> Transactions with joint ventures, associates, government entities and pension plans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransactionsWithJointVenturesAssociatesGovernmentEntitiesAndPensionPlansMember_lbl" xml:lang="en-US" id="id_14489302_3491977_1_1"> Transactions with joint ventures, associates, government entities and pension plans [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransactionsWithJointVenturesAssociatesGovernmentEntitiesAndPensionPlansMember_lbl" xml:lang="en-US" id="id_14489302_3491977_2_1"> Transactions with joint ventures, associates, government entities and pension plans [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransactionsWithJointVenturesAssociatesGovernmentEntitiesAndPensionPlansMember" xlink:to="pbr_TransactionsWithJointVenturesAssociatesGovernmentEntitiesAndPensionPlansMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransferDueToSpinoff" xlink:label="pbr_TransferDueToSpinoff"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransferDueToSpinoff_lbl" xml:lang="en-US" id="id_14489302_3553181_3_1"> Transfer due to spin-off. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransferDueToSpinoff_lbl" xml:lang="en-US" id="id_14489302_3553181_1_1"> Transfer due to spin-off </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransferDueToSpinoff_lbl" xml:lang="en-US" id="id_14489302_3553181_2_1"> Transfer due to spin-off </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransferDueToSpinoff" xlink:to="pbr_TransferDueToSpinoff_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransferDueToSplitOfPetrosPlanActurialLiability" xlink:label="pbr_TransferDueToSplitOfPetrosPlanActurialLiability"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransferDueToSplitOfPetrosPlanActurialLiability_lbl" xml:lang="en-US" id="id_14489302_3448403_3_1"> Transfer due to split of Petros plan acturial liability. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransferDueToSplitOfPetrosPlanActurialLiability_lbl" xml:lang="en-US" id="id_14489302_3448403_1_1"> Transfer due to split of Petros plan acturial liability </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransferDueToSplitOfPetrosPlanActurialLiability_lbl" xml:lang="en-US" id="id_14489302_3448403_2_1"> Transfer due to split of Petros plan </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_TransferDueToSplitOfPetrosPlanActurialLiability_lbl" xml:lang="en-US" id="id_14489302_3448403_14_1"> Transfer due to split of Petros plan </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransferDueToSplitOfPetrosPlanActurialLiability" xlink:to="pbr_TransferDueToSplitOfPetrosPlanActurialLiability_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransferOfOwnershipInterestPercentageToSubsidiary" xlink:label="pbr_TransferOfOwnershipInterestPercentageToSubsidiary"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransferOfOwnershipInterestPercentageToSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3525089_3_1"> Transfer of ownership interest percentage to subsidiary. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransferOfOwnershipInterestPercentageToSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3525089_1_1"> Transfer Of Ownership Interest Percentage To Subsidiary </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransferOfOwnershipInterestPercentageToSubsidiary_lbl" xml:lang="en-US" id="id_14489302_3525089_2_1"> Transfer of company's stake to subsidiary </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransferOfOwnershipInterestPercentageToSubsidiary" xlink:to="pbr_TransferOfOwnershipInterestPercentageToSubsidiary_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransfersByLossOfControl" xlink:label="pbr_TransfersByLossOfControl"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransfersByLossOfControl_lbl" xml:lang="en-US" id="id_14489302_3553274_3_1"> Transfers by loss of control. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransfersByLossOfControl_lbl" xml:lang="en-US" id="id_14489302_3553274_1_1"> Transfers by loss of control </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransfersByLossOfControl_lbl" xml:lang="en-US" id="id_14489302_3553274_2_1"> Transfers by loss of control </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransfersByLossOfControl" xlink:to="pbr_TransfersByLossOfControl_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransfersToAssetsHeldForSale" xlink:label="pbr_TransfersToAssetsHeldForSale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransfersToAssetsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3465033_3_1"> Transfers to assets held for sale. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransfersToAssetsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3465033_1_1"> Transfers to assets held for sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransfersToAssetsHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3465033_2_1"> Transfer of assets held for sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransfersToAssetsHeldForSale" xlink:to="pbr_TransfersToAssetsHeldForSale_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransferToHeldForSale" xlink:label="pbr_TransferToHeldForSale"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransferToHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3447658_3_1"> Transfer to held for sale. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransferToHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3447658_1_1"> Transfer To Held For Sale </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransferToHeldForSale_lbl" xml:lang="en-US" id="id_14489302_3447658_2_1"> Transfer to held for sale </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransferToHeldForSale" xlink:to="pbr_TransferToHeldForSale_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TranspetroFleetOfVesselsMember" xlink:label="pbr_TranspetroFleetOfVesselsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TranspetroFleetOfVesselsMember_lbl" xml:lang="en-US" id="id_14489302_3491956_3_1"> Transpetro's fleet of vessels. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TranspetroFleetOfVesselsMember_lbl" xml:lang="en-US" id="id_14489302_3491956_1_1"> Transpetro's fleet of vessels [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TranspetroFleetOfVesselsMember_lbl" xml:lang="en-US" id="id_14489302_3491956_2_1"> Transpetro's fleet of vessels [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TranspetroFleetOfVesselsMember" xlink:to="pbr_TranspetroFleetOfVesselsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransportadoraAssociadaDeGasSaMember" xlink:label="pbr_TransportadoraAssociadaDeGasSaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransportadoraAssociadaDeGasSaMember_lbl" xml:lang="en-US" id="id_14489302_3553227_3_1"> Transportadora Associada De Gas SA. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransportadoraAssociadaDeGasSaMember_lbl" xml:lang="en-US" id="id_14489302_3553227_1_1"> Transportadora Associada De Gas SA [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransportadoraAssociadaDeGasSaMember_lbl" xml:lang="en-US" id="id_14489302_3553227_2_1"> Transportadora Associada De Gas SA [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransportadoraAssociadaDeGasSaMember" xlink:to="pbr_TransportadoraAssociadaDeGasSaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransportadoraAssociadaDeGasSATAGMember" xlink:label="pbr_TransportadoraAssociadaDeGasSATAGMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransportadoraAssociadaDeGasSATAGMember_lbl" xml:lang="en-US" id="id_14489302_3487626_3_1"> Transportadora Associada de Gas S.A.-TAG. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransportadoraAssociadaDeGasSATAGMember_lbl" xml:lang="en-US" id="id_14489302_3487626_1_1"> Transportadora Associada De Gas S A- T A G [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransportadoraAssociadaDeGasSATAGMember_lbl" xml:lang="en-US" id="id_14489302_3487626_2_1"> Transportadora Associada De Gas S A- T A G [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransportadoraAssociadaDeGasSATAGMember" xlink:to="pbr_TransportadoraAssociadaDeGasSATAGMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TransportadoraBrasileiraGasodutoBrasilBoliviaMember" xlink:label="pbr_TransportadoraBrasileiraGasodutoBrasilBoliviaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TransportadoraBrasileiraGasodutoBrasilBoliviaMember_lbl" xml:lang="en-US" id="id_14489302_3487524_3_1"> Transportadora Brasileira Gasoduto Brasil-Bolivia. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TransportadoraBrasileiraGasodutoBrasilBoliviaMember_lbl" xml:lang="en-US" id="id_14489302_3487524_1_1"> Transportadora Brasileira Gasoduto Brasil Bolivia [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TransportadoraBrasileiraGasodutoBrasilBoliviaMember_lbl" xml:lang="en-US" id="id_14489302_3487524_2_1"> Transportadora Brasileira Gasoduto Brasil Bolivia [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TransportadoraBrasileiraGasodutoBrasilBoliviaMember" xlink:to="pbr_TransportadoraBrasileiraGasodutoBrasilBoliviaMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TreasuryShares" xlink:label="ifrs-full_TreasuryShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TreasuryShares_lbl" xml:lang="en-US" id="id_14489302_3424026_1_1"> Treasury shares </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TreasuryShares_lbl" xml:lang="en-US" id="id_14489302_3424026_2_1"> Shares held in treasury </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TreasuryShares_lbl" xml:lang="en-US" id="id_14489302_3424026_14_1"> Treasury shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TreasuryShares" xlink:to="ifrs-full_TreasuryShares_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TreasurySharesCommonShares" xlink:label="pbr_TreasurySharesCommonShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TreasurySharesCommonShares_lbl" xml:lang="en-US" id="id_14489302_3468614_3_1"> Treasury Shares Common Shares </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TreasurySharesCommonShares_lbl" xml:lang="en-US" id="id_14489302_3468614_1_1"> Treasury Shares Common Shares </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TreasurySharesCommonShares_lbl" xml:lang="en-US" id="id_14489302_3468614_2_1"> Shares held in treasury </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TreasurySharesCommonShares" xlink:to="pbr_TreasurySharesCommonShares_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TreasurySharesMember" xlink:label="ifrs-full_TreasurySharesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TreasurySharesMember_lbl" xml:lang="en-US" id="id_14489302_3424027_1_1"> Treasury shares [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TreasurySharesMember_lbl" xml:lang="en-US" id="id_14489302_3424027_2_1"> Treasury shares [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TreasurySharesMember" xlink:to="ifrs-full_TreasurySharesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TreasurySharesPreferredShares" xlink:label="pbr_TreasurySharesPreferredShares"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TreasurySharesPreferredShares_lbl" xml:lang="en-US" id="id_14489302_3468613_3_1"> Treasury Shares Preferred Shares </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TreasurySharesPreferredShares_lbl" xml:lang="en-US" id="id_14489302_3468613_1_1"> Treasury Shares Preferred Shares </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TreasurySharesPreferredShares_lbl" xml:lang="en-US" id="id_14489302_3468613_2_1"> Shares held in treasury </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TreasurySharesPreferredShares" xlink:to="pbr_TreasurySharesPreferredShares_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TrilhaMember" xlink:label="pbr_TrilhaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TrilhaMember_lbl" xml:lang="en-US" id="id_14489302_3487745_3_1"> Trilha. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TrilhaMember_lbl" xml:lang="en-US" id="id_14489302_3487745_1_1"> Trilha [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TrilhaMember_lbl" xml:lang="en-US" id="id_14489302_3487745_2_1"> Trilha [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TrilhaMember" xlink:to="pbr_TrilhaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TupiBVMember" xlink:label="pbr_TupiBVMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TupiBVMember_lbl" xml:lang="en-US" id="id_14489302_3510319_3_1"> Tupi BV. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TupiBVMember_lbl" xml:lang="en-US" id="id_14489302_3510319_1_1"> Tupi BV [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TupiBVMember_lbl" xml:lang="en-US" id="id_14489302_3510319_2_1"> Tupi BV [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TupiBVMember" xlink:to="pbr_TupiBVMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TwentyNineteenMember" xlink:label="pbr_TwentyNineteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TwentyNineteenMember_lbl" xml:lang="en-US" id="id_14489302_3537419_3_1"> Twenty Nineteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TwentyNineteenMember_lbl" xml:lang="en-US" id="id_14489302_3537419_1_1"> Twenty Nineteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TwentyNineteenMember_lbl" xml:lang="en-US" id="id_14489302_3537419_2_1"> For 2019 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TwentyNineteenMember" xlink:to="pbr_TwentyNineteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TwentyTwentyMember" xlink:label="pbr_TwentyTwentyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TwentyTwentyMember_lbl" xml:lang="en-US" id="id_14489302_3537420_3_1"> Twenty Twenty [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TwentyTwentyMember_lbl" xml:lang="en-US" id="id_14489302_3537420_1_1"> Twenty Twenty [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TwentyTwentyMember_lbl" xml:lang="en-US" id="id_14489302_3537420_2_1"> As of 2020 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TwentyTwentyMember" xlink:to="pbr_TwentyTwentyMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TwoThousandEighteenMember" xlink:label="pbr_TwoThousandEighteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TwoThousandEighteenMember_lbl" xml:lang="en-US" id="id_14489302_3480348_3_1"> Two thousand eighteen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TwoThousandEighteenMember_lbl" xml:lang="en-US" id="id_14489302_3480348_1_1"> Two thousand eighteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TwoThousandEighteenMember_lbl" xml:lang="en-US" id="id_14489302_3480348_2_1"> 2018 [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TwoThousandEighteenMember" xlink:to="pbr_TwoThousandEighteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TwoThousandNineteenMember" xlink:label="pbr_TwoThousandNineteenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TwoThousandNineteenMember_lbl" xml:lang="en-US" id="id_14489302_3480349_3_1"> Two thousand nineteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TwoThousandNineteenMember_lbl" xml:lang="en-US" id="id_14489302_3480349_1_1"> Two thousand nineteen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TwoThousandNineteenMember_lbl" xml:lang="en-US" id="id_14489302_3480349_2_1"> 2019 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TwoThousandNineteenMember" xlink:to="pbr_TwoThousandNineteenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TwoThousandSeventeenMember" xlink:label="pbr_TwoThousandSeventeenMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TwoThousandSeventeenMember_lbl" xml:lang="en-US" id="id_14489302_3480353_3_1"> Two thousand seventeen. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TwoThousandSeventeenMember_lbl" xml:lang="en-US" id="id_14489302_3480353_1_1"> Two thousand seventeen [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TwoThousandSeventeenMember_lbl" xml:lang="en-US" id="id_14489302_3480353_2_1"> 2017 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TwoThousandSeventeenMember" xlink:to="pbr_TwoThousandSeventeenMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TwoThousandTwentyMember" xlink:label="pbr_TwoThousandTwentyMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TwoThousandTwentyMember_lbl" xml:lang="en-US" id="id_14489302_3480350_3_1"> Two thousand twenty. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TwoThousandTwentyMember_lbl" xml:lang="en-US" id="id_14489302_3480350_1_1"> Two thousand twenty [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TwoThousandTwentyMember_lbl" xml:lang="en-US" id="id_14489302_3480350_2_1"> 2020 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TwoThousandTwentyMember" xlink:to="pbr_TwoThousandTwentyMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TwoThousandTwentyOneMember" xlink:label="pbr_TwoThousandTwentyOneMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TwoThousandTwentyOneMember_lbl" xml:lang="en-US" id="id_14489302_3480351_3_1"> Two thousand twenty one. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TwoThousandTwentyOneMember_lbl" xml:lang="en-US" id="id_14489302_3480351_1_1"> Two thousand twenty one [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TwoThousandTwentyOneMember_lbl" xml:lang="en-US" id="id_14489302_3480351_2_1"> 2021 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TwoThousandTwentyOneMember" xlink:to="pbr_TwoThousandTwentyOneMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TwoThousandTwentyThreeMember" xlink:label="pbr_TwoThousandTwentyThreeMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TwoThousandTwentyThreeMember_lbl" xml:lang="en-US" id="id_14489302_3509719_3_1"> Two thousand twenty three. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TwoThousandTwentyThreeMember_lbl" xml:lang="en-US" id="id_14489302_3509719_1_1"> Two Thousand Twenty Three [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TwoThousandTwentyThreeMember_lbl" xml:lang="en-US" id="id_14489302_3509719_2_1"> 2023 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TwoThousandTwentyThreeMember" xlink:to="pbr_TwoThousandTwentyThreeMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TwoThousandTwentyTwoMember" xlink:label="pbr_TwoThousandTwentyTwoMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TwoThousandTwentyTwoMember_lbl" xml:lang="en-US" id="id_14489302_3483580_3_1"> Two thousand twenty two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TwoThousandTwentyTwoMember_lbl" xml:lang="en-US" id="id_14489302_3483580_1_1"> Two thousand twenty two [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TwoThousandTwentyTwoMember_lbl" xml:lang="en-US" id="id_14489302_3483580_2_1"> 2022 [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TwoThousandTwentyTwoMember" xlink:to="pbr_TwoThousandTwentyTwoMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TypeOfArrangement1Axis" xlink:label="pbr_TypeOfArrangement1Axis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TypeOfArrangement1Axis_lbl" xml:lang="en-US" id="id_14489302_3475652_3_1"> Type of arrangement 1 axis. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TypeOfArrangement1Axis_lbl" xml:lang="en-US" id="id_14489302_3475652_1_1"> Type of arrangement 1 [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TypeOfArrangement1Axis_lbl" xml:lang="en-US" id="id_14489302_3475652_2_1"> Type of arrangement 1 [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TypeOfArrangement1Axis" xlink:to="pbr_TypeOfArrangement1Axis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TypeOfArrangementMember" xlink:label="pbr_TypeOfArrangementMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TypeOfArrangementMember_lbl" xml:lang="en-US" id="id_14489302_3503998_3_1"> Type of arrangement domain. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TypeOfArrangementMember_lbl" xml:lang="en-US" id="id_14489302_3503998_1_1"> Type of arrangement [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TypeOfArrangementMember_lbl" xml:lang="en-US" id="id_14489302_3503998_2_1"> Type of arrangement [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TypeOfArrangementMember" xlink:to="pbr_TypeOfArrangementMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TypesOfAgreementAxis" xlink:label="pbr_TypesOfAgreementAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TypesOfAgreementAxis_lbl" xml:lang="en-US" id="id_14489302_3475548_3_1"> Types of agreement [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TypesOfAgreementAxis_lbl" xml:lang="en-US" id="id_14489302_3475548_1_1"> Types of agreement [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TypesOfAgreementAxis_lbl" xml:lang="en-US" id="id_14489302_3475548_2_1"> Types of agreement [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TypesOfAgreementAxis" xlink:to="pbr_TypesOfAgreementAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_TypesOfAgreementDomain" xlink:label="pbr_TypesOfAgreementDomain"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_TypesOfAgreementDomain_lbl" xml:lang="en-US" id="id_14489302_3494283_3_1"> Types of agreement [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_TypesOfAgreementDomain_lbl" xml:lang="en-US" id="id_14489302_3494283_1_1"> Types of agreement [domain] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_TypesOfAgreementDomain_lbl" xml:lang="en-US" id="id_14489302_3494283_2_1"> Types of agreement [domain] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_TypesOfAgreementDomain" xlink:to="pbr_TypesOfAgreementDomain_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfCustomersAxis" xlink:label="ifrs-full_TypesOfCustomersAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfCustomersAxis_lbl" xml:lang="en-US" id="id_14489302_3424452_1_1"> Types of customers [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfCustomersAxis_lbl" xml:lang="en-US" id="id_14489302_3424452_2_1"> Types of customers [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfCustomersAxis" xlink:to="ifrs-full_TypesOfCustomersAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfCustomersMember" xlink:label="ifrs-full_TypesOfCustomersMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfCustomersMember_lbl" xml:lang="en-US" id="id_14489302_3424034_1_1"> Types of customers [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfCustomersMember_lbl" xml:lang="en-US" id="id_14489302_3424034_2_1"> Types of customers [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfCustomersMember" xlink:to="ifrs-full_TypesOfCustomersMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfHedgesAxis" xlink:label="ifrs-full_TypesOfHedgesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfHedgesAxis_lbl" xml:lang="en-US" id="id_14489302_3424036_1_1"> Types of hedges [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfHedgesAxis_lbl" xml:lang="en-US" id="id_14489302_3424036_2_1"> Types of hedges [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfHedgesAxis" xlink:to="ifrs-full_TypesOfHedgesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfHedgesMember" xlink:label="ifrs-full_TypesOfHedgesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfHedgesMember_lbl" xml:lang="en-US" id="id_14489302_3424454_1_1"> Hedges [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfHedgesMember_lbl" xml:lang="en-US" id="id_14489302_3424454_2_1"> Hedges [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfHedgesMember" xlink:to="ifrs-full_TypesOfHedgesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfInsuranceContractsAxis" xlink:label="ifrs-full_TypesOfInsuranceContractsAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfInsuranceContractsAxis_lbl" xml:lang="en-US" id="id_14489302_3423080_1_1"> Types of insurance contracts [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfInsuranceContractsAxis_lbl" xml:lang="en-US" id="id_14489302_3423080_2_1"> Types of insurance contracts [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfInsuranceContractsAxis" xlink:to="ifrs-full_TypesOfInsuranceContractsAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfInterestRatesAxis" xlink:label="ifrs-full_TypesOfInterestRatesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfInterestRatesAxis_lbl" xml:lang="en-US" id="id_14489302_3424455_1_1"> Types of interest rates [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfInterestRatesAxis_lbl" xml:lang="en-US" id="id_14489302_3424455_2_1"> Types of interest rates [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfInterestRatesAxis" xlink:to="ifrs-full_TypesOfInterestRatesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfRateregulatedActivitiesAxis" xlink:label="ifrs-full_TypesOfRateregulatedActivitiesAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfRateregulatedActivitiesAxis_lbl" xml:lang="en-US" id="id_14489302_3424037_1_1"> Types of rate-regulated activities [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfRateregulatedActivitiesAxis_lbl" xml:lang="en-US" id="id_14489302_3424037_2_1"> Types of rate-regulated activities [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRateregulatedActivitiesAxis" xlink:to="ifrs-full_TypesOfRateregulatedActivitiesAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfRisksAxis" xlink:label="ifrs-full_TypesOfRisksAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfRisksAxis_lbl" xml:lang="en-US" id="id_14489302_3424456_1_1"> Types of risks [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfRisksAxis_lbl" xml:lang="en-US" id="id_14489302_3424456_2_1"> Types of risks [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksAxis" xlink:to="ifrs-full_TypesOfRisksAxis_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_TypesOfRisksMember" xlink:label="ifrs-full_TypesOfRisksMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfRisksMember_lbl" xml:lang="en-US" id="id_14489302_3423384_1_1"> Risks [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TypesOfRisksMember_lbl" xml:lang="en-US" id="id_14489302_3423384_2_1"> Risks [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfRisksMember" xlink:to="ifrs-full_TypesOfRisksMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UEGAraucariaLtdaMember" xlink:label="pbr_UEGAraucariaLtdaMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UEGAraucariaLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487570_3_1"> UEG Araucaria Ltda. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UEGAraucariaLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487570_1_1"> UEG Araucaria Ltda. [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UEGAraucariaLtdaMember_lbl" xml:lang="en-US" id="id_14489302_3487570_2_1"> UEG Araucaria Ltda. [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UEGAraucariaLtdaMember" xlink:to="pbr_UEGAraucariaLtdaMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UfnIIIMember" xlink:label="pbr_UfnIIIMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UfnIIIMember_lbl" xml:lang="en-US" id="id_14489302_3553122_3_1"> UFN III [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UfnIIIMember_lbl" xml:lang="en-US" id="id_14489302_3553122_1_1"> UFN III [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UfnIIIMember_lbl" xml:lang="en-US" id="id_14489302_3553122_2_1"> UFN III [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UfnIIIMember" xlink:to="pbr_UfnIIIMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UndiscountedFinanceDebtMember" xlink:label="pbr_UndiscountedFinanceDebtMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UndiscountedFinanceDebtMember_lbl" xml:lang="en-US" id="id_14489302_3494860_3_1"> Undiscounted Finance Debt [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UndiscountedFinanceDebtMember_lbl" xml:lang="en-US" id="id_14489302_3494860_1_1"> Undiscounted Finance Debt [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UndiscountedFinanceDebtMember_lbl" xml:lang="en-US" id="id_14489302_3494860_2_1"> Undiscounted Finance Debt [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UndiscountedFinanceDebtMember" xlink:to="pbr_UndiscountedFinanceDebtMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UnitizationAgreementsMember" xlink:label="pbr_UnitizationAgreementsMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UnitizationAgreementsMember_lbl" xml:lang="en-US" id="id_14489302_3553114_3_1"> Unitization agreements. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UnitizationAgreementsMember_lbl" xml:lang="en-US" id="id_14489302_3553114_1_1"> Unitization Agreements [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UnitizationAgreementsMember_lbl" xml:lang="en-US" id="id_14489302_3553114_2_1"> Unitization agreements [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UnitizationAgreementsMember" xlink:to="pbr_UnitizationAgreementsMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UnitsOfProductionMethodMember" xlink:label="pbr_UnitsOfProductionMethodMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UnitsOfProductionMethodMember_lbl" xml:lang="en-US" id="id_14489302_3486719_3_1"> Units of production method. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UnitsOfProductionMethodMember_lbl" xml:lang="en-US" id="id_14489302_3486719_1_1"> Units of Production Method [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UnitsOfProductionMethodMember_lbl" xml:lang="en-US" id="id_14489302_3486719_2_1"> Units of production method [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UnitsOfProductionMethodMember" xlink:to="pbr_UnitsOfProductionMethodMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UniversityOfRioDeJaneiroMember" xlink:label="pbr_UniversityOfRioDeJaneiroMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UniversityOfRioDeJaneiroMember_lbl" xml:lang="en-US" id="id_14489302_3553148_3_1"> University of Rio de Janeiro. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UniversityOfRioDeJaneiroMember_lbl" xml:lang="en-US" id="id_14489302_3553148_1_1"> University of Rio de Janeiro [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UniversityOfRioDeJaneiroMember_lbl" xml:lang="en-US" id="id_14489302_3553148_2_1"> University of Rio de Janeiro [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UniversityOfRioDeJaneiroMember" xlink:to="pbr_UniversityOfRioDeJaneiroMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeRecognizedInEquity" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeRecognizedInEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeRecognizedInEquity_lbl" xml:lang="en-US" id="id_14489302_3447591_3_1"> Unrealized gains / (losses) on securities measured at fair value through other comprehensive income recognized in equity. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeRecognizedInEquity_lbl" xml:lang="en-US" id="id_14489302_3447591_1_1"> Unrealized gains / (losses) on securities measured at fair value through other comprehensive income recognized in equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeRecognizedInEquity_lbl" xml:lang="en-US" id="id_14489302_3447591_14_1"> Recognized in equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeRecognizedInEquity" xlink:to="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeRecognizedInEquity_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossAbstract" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossAbstract_lbl" xml:lang="en-US" id="id_14489302_3431833_3_1"> Unrealized gains / (losses) on securities measured at fair value through other comprehensive income that will be reclassified to profit and loss [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossAbstract_lbl" xml:lang="en-US" id="id_14489302_3431833_1_1"> Unrealized gains / (losses) on securities measured at fair value through other comprehensive income that will be reclassified to profit and loss [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossAbstract_lbl" xml:lang="en-US" id="id_14489302_3431833_2_1"> Unrealized gains (losses) on equity instruments measured at fair value through other comprehensive income (IAS 39) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossAbstract" xlink:to="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossRecognizedInEquity" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossRecognizedInEquity"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossRecognizedInEquity_lbl" xml:lang="en-US" id="id_14489302_3447592_3_1"> Unrealized gains / (losses) on securities measured at fair value through other comprehensive income that will be reclassified to profit and loss recognized in equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossRecognizedInEquity_lbl" xml:lang="en-US" id="id_14489302_3447592_1_1"> Unrealized gains / (losses) on securities measured at fair value through other comprehensive income that will be reclassified to profit and loss recognized in equity </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossRecognizedInEquity_lbl" xml:lang="en-US" id="id_14489302_3447592_14_1"> Recognized in equity </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossRecognizedInEquity" xlink:to="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillBeReclassifiedToProfitAndLossRecognizedInEquity_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitAndLossAbstract" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitAndLossAbstract"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitAndLossAbstract_lbl" xml:lang="en-US" id="id_14489302_3431832_3_1"> Unrealized gains / (losses) on securities measured at fair value through other comprehensive income that will not be reclassified to profit and loss [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitAndLossAbstract_lbl" xml:lang="en-US" id="id_14489302_3431832_1_1"> Unrealized gains / (losses) on securities measured at fair value through other comprehensive income that will not be reclassified to profit and loss [abstract] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitAndLossAbstract_lbl" xml:lang="en-US" id="id_14489302_3431832_2_1"> Unrealized gains (losses) on equity instruments measured at fair value through other comprehensive income (IFRS 9) </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitAndLossAbstract" xlink:to="pbr_UnrealizedGainsLossesOnSecuritiesMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitAndLossAbstract_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UnrecognizedDeferredTaxAssetCredits" xlink:label="pbr_UnrecognizedDeferredTaxAssetCredits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UnrecognizedDeferredTaxAssetCredits_lbl" xml:lang="en-US" id="id_14489302_3450896_3_1"> Unrecognized deferred tax asset credits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UnrecognizedDeferredTaxAssetCredits_lbl" xml:lang="en-US" id="id_14489302_3450896_1_1"> Unrecognized Deferred Tax Asset Credits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_UnrecognizedDeferredTaxAssetCredits_lbl" xml:lang="en-US" id="id_14489302_3450896_14_1"> Unrecognized deferred tax assets </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UnrecognizedDeferredTaxAssetCredits" xlink:to="pbr_UnrecognizedDeferredTaxAssetCredits_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UnrecognizedDeferredTaxCredits" xlink:label="pbr_UnrecognizedDeferredTaxCredits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UnrecognizedDeferredTaxCredits_lbl" xml:lang="en-US" id="id_14489302_3450990_3_1"> Unrecognized deferred tax credits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UnrecognizedDeferredTaxCredits_lbl" xml:lang="en-US" id="id_14489302_3450990_1_1"> Unrecognized Deferred Tax Credits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UnrecognizedDeferredTaxCredits_lbl" xml:lang="en-US" id="id_14489302_3450990_2_1"> Unrecognized tax carry forwards </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UnrecognizedDeferredTaxCredits" xlink:to="pbr_UnrecognizedDeferredTaxCredits_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UnrecognizedDeferredTaxLiabilitiesCredits" xlink:label="pbr_UnrecognizedDeferredTaxLiabilitiesCredits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UnrecognizedDeferredTaxLiabilitiesCredits_lbl" xml:lang="en-US" id="id_14489302_3451016_3_1"> Unrecognized deferred tax liabilities credits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UnrecognizedDeferredTaxLiabilitiesCredits_lbl" xml:lang="en-US" id="id_14489302_3451016_1_1"> Unrecognized Deferred Tax Liabilities Credits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UnrecognizedDeferredTaxLiabilitiesCredits_lbl" xml:lang="en-US" id="id_14489302_3451016_2_1"> Unrecognized deferred tax credits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UnrecognizedDeferredTaxLiabilitiesCredits" xlink:to="pbr_UnrecognizedDeferredTaxLiabilitiesCredits_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UnscheduledStoppagesAndPreOperatingExpenses" xlink:label="pbr_UnscheduledStoppagesAndPreOperatingExpenses"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UnscheduledStoppagesAndPreOperatingExpenses_lbl" xml:lang="en-US" id="id_14489302_3456064_3_1"> Unscheduled stoppages and pre operating expenses. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UnscheduledStoppagesAndPreOperatingExpenses_lbl" xml:lang="en-US" id="id_14489302_3456064_1_1"> Unscheduled Stoppages And Pre Operating Expenses </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_UnscheduledStoppagesAndPreOperatingExpenses_lbl" xml:lang="en-US" id="id_14489302_3456064_14_1"> Unscheduled stoppages and pre-operating expenses </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UnscheduledStoppagesAndPreOperatingExpenses" xlink:to="pbr_UnscheduledStoppagesAndPreOperatingExpenses_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UnwindingOfDiscountOnProvisionsForDecommissioningCosts" xlink:label="pbr_UnwindingOfDiscountOnProvisionsForDecommissioningCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UnwindingOfDiscountOnProvisionsForDecommissioningCosts_lbl" xml:lang="en-US" id="id_14489302_3531424_3_1"> Unwinding of discount on provisions for decommissioning costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UnwindingOfDiscountOnProvisionsForDecommissioningCosts_lbl" xml:lang="en-US" id="id_14489302_3531424_1_1"> Unwinding Of Discount On Provisions For Decommissioning Costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_UnwindingOfDiscountOnProvisionsForDecommissioningCosts_lbl" xml:lang="en-US" id="id_14489302_3531424_14_1"> Unwinding of discount on the provision for decommissioning costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UnwindingOfDiscountOnProvisionsForDecommissioningCosts" xlink:to="pbr_UnwindingOfDiscountOnProvisionsForDecommissioningCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UruguaGroupMember" xlink:label="pbr_UruguaGroupMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UruguaGroupMember_lbl" xml:lang="en-US" id="id_14489302_3530025_3_1"> Urugua group. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UruguaGroupMember_lbl" xml:lang="en-US" id="id_14489302_3530025_1_1"> Urugua Group [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UruguaGroupMember_lbl" xml:lang="en-US" id="id_14489302_3530025_2_1"> Urugua Group [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UruguaGroupMember" xlink:to="pbr_UruguaGroupMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd#country_US" xlink:label="country_US"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_US_lbl" xml:lang="en-US" id="id_14489302_3424474_1_1"> UNITED STATES </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_US_lbl" xml:lang="en-US" id="id_14489302_3424474_2_1"> United States [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_US" xlink:to="country_US_lbl"/>
<loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd#currency_USD" xlink:label="currency_USD"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_USD_lbl" xml:lang="en-US" id="id_14489302_3423397_1_1"> United States of America, Dollars </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="currency_USD_lbl" xml:lang="en-US" id="id_14489302_3423397_2_1"> United States of America, Dollars [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_USD" xlink:to="currency_USD_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbons" xlink:label="pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbons"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbons_lbl" xml:lang="en-US" id="id_14489302_3472247_3_1"> Useful lives drilling activities for oil natural gas and other liquid hydrocarbons. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbons_lbl" xml:lang="en-US" id="id_14489302_3472247_1_1"> Useful Lives Drilling Activities For Oil Natural Gas And Other Liquid Hydrocarbons </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbons_lbl" xml:lang="en-US" id="id_14489302_3472247_2_1"> Useful lives drilling activities for oil natural gas and other liquid hydrocarbons </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbons" xlink:to="pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbons_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbonsSubjectedToCertainCondition" xlink:label="pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbonsSubjectedToCertainCondition"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbonsSubjectedToCertainCondition_lbl" xml:lang="en-US" id="id_14489302_3472246_3_1"> Useful lives drilling activities for oil natural gas and other liquid hydrocarbons subjected to certain condition. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbonsSubjectedToCertainCondition_lbl" xml:lang="en-US" id="id_14489302_3472246_1_1"> Useful Lives Drilling Activities For Oil Natural Gas And Other Liquid Hydrocarbons Subjected To Certain Condition </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbonsSubjectedToCertainCondition_lbl" xml:lang="en-US" id="id_14489302_3472246_2_1"> Useful lives drilling activities for oil natural gas and other liquid hydrocarbons certain condition </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbonsSubjectedToCertainCondition" xlink:to="pbr_UsefulLivesDrillingActivitiesForOilNaturalGasAndOtherLiquidHydrocarbonsSubjectedToCertainCondition_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UsefulLivesOfGoodwill" xlink:label="pbr_UsefulLivesOfGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UsefulLivesOfGoodwill_lbl" xml:lang="en-US" id="id_14489302_3469284_3_1"> Useful lives of goodwill. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UsefulLivesOfGoodwill_lbl" xml:lang="en-US" id="id_14489302_3469284_1_1"> Useful lives of goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UsefulLivesOfGoodwill_lbl" xml:lang="en-US" id="id_14489302_3469284_2_1"> Estimated useful life in years, goodwill </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UsefulLivesOfGoodwill" xlink:to="pbr_UsefulLivesOfGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UsefulLivesOrAmortisationPeriodIntangibleAssetsOtherThanGoodwill" xlink:label="pbr_UsefulLivesOrAmortisationPeriodIntangibleAssetsOtherThanGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UsefulLivesOrAmortisationPeriodIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3472119_3_1"> Useful lives or amortisation period, intangible assets other than goodwill. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UsefulLivesOrAmortisationPeriodIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3472119_1_1"> Useful lives or amortisation period, intangible assets other than goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UsefulLivesOrAmortisationPeriodIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3472119_2_1"> Estimated useful life in years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UsefulLivesOrAmortisationPeriodIntangibleAssetsOtherThanGoodwill" xlink:to="pbr_UsefulLivesOrAmortisationPeriodIntangibleAssetsOtherThanGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment" xlink:label="ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3424475_1_1"> Useful lives or depreciation rates, property, plant and equipment </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3424475_2_1"> Estimated useful life </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_14489302_3424475_12_1"> Weighted average of useful life in years </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment" xlink:to="ifrs-full_UsefulLivesOrDepreciationRatesPropertyPlantAndEquipment_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UseOfDeferredTaxAndJudicialDeposit" xlink:label="pbr_UseOfDeferredTaxAndJudicialDeposit"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UseOfDeferredTaxAndJudicialDeposit_lbl" xml:lang="en-US" id="id_14489302_3450557_3_1"> Use of deferred tax and judicial deposit. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UseOfDeferredTaxAndJudicialDeposit_lbl" xml:lang="en-US" id="id_14489302_3450557_1_1"> Use of deferred tax and judicial deposit </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_UseOfDeferredTaxAndJudicialDeposit_lbl" xml:lang="en-US" id="id_14489302_3450557_2_1"> Use of deferred tax and judicial deposit for the payment of contingency </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UseOfDeferredTaxAndJudicialDeposit" xlink:to="pbr_UseOfDeferredTaxAndJudicialDeposit_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_UseOfTaxCredits" xlink:label="pbr_UseOfTaxCredits"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_UseOfTaxCredits_lbl" xml:lang="en-US" id="id_14489302_3450844_3_1"> Use of tax credits. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_UseOfTaxCredits_lbl" xml:lang="en-US" id="id_14489302_3450844_1_1"> Use Of Tax Credits </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_UseOfTaxCredits_lbl" xml:lang="en-US" id="id_14489302_3450844_14_1"> Use of tax credits </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_UseOfTaxCredits" xlink:to="pbr_UseOfTaxCredits_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_USSecuritiesAndExchangeCommissionMember" xlink:label="pbr_USSecuritiesAndExchangeCommissionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_USSecuritiesAndExchangeCommissionMember_lbl" xml:lang="en-US" id="id_14489302_3540979_3_1"> U.S. securities and exchange commission. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_USSecuritiesAndExchangeCommissionMember_lbl" xml:lang="en-US" id="id_14489302_3540979_1_1"> U.S. Securities and Exchange Commission [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_USSecuritiesAndExchangeCommissionMember_lbl" xml:lang="en-US" id="id_14489302_3540979_2_1"> U.S. securities and exchange commission [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_USSecuritiesAndExchangeCommissionMember" xlink:to="pbr_USSecuritiesAndExchangeCommissionMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ValuationTechniquesMember" xlink:label="ifrs-full_ValuationTechniquesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ValuationTechniquesMember_lbl" xml:lang="en-US" id="id_14489302_3423403_1_1"> Valuation techniques [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ValuationTechniquesMember_lbl" xml:lang="en-US" id="id_14489302_3423403_2_1"> Valuation techniques [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ValuationTechniquesMember" xlink:to="ifrs-full_ValuationTechniquesMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_lbl" xml:lang="en-US" id="id_14489302_3423404_1_1"> Valuation techniques used in fair value measurement [axis] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_lbl" xml:lang="en-US" id="id_14489302_3423404_2_1"> Valuation techniques used in fair value measurement [axis] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:to="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_VariableIncomeSecuritiesMember" xlink:label="pbr_VariableIncomeSecuritiesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_VariableIncomeSecuritiesMember_lbl" xml:lang="en-US" id="id_14489302_3492101_3_1"> Variable income securities. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_VariableIncomeSecuritiesMember_lbl" xml:lang="en-US" id="id_14489302_3492101_1_1"> Variable income securities [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_VariableIncomeSecuritiesMember_lbl" xml:lang="en-US" id="id_14489302_3492101_2_1"> Variable income securities [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_VariableIncomeSecuritiesMember" xlink:to="pbr_VariableIncomeSecuritiesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_VitoriaTenThousandDrillingRigMember" xlink:label="pbr_VitoriaTenThousandDrillingRigMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_VitoriaTenThousandDrillingRigMember_lbl" xml:lang="en-US" id="id_14489302_3510668_3_1"> Vitoria ten thousand drilling rig. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_VitoriaTenThousandDrillingRigMember_lbl" xml:lang="en-US" id="id_14489302_3510668_1_1"> Vitoria Ten Thousand Drilling Rig [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_VitoriaTenThousandDrillingRigMember_lbl" xml:lang="en-US" id="id_14489302_3510668_2_1"> Vitoria 10,000 drilling rig [Member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_VitoriaTenThousandDrillingRigMember" xlink:to="pbr_VitoriaTenThousandDrillingRigMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_VoluntarySeparationIncentivePlansMember" xlink:label="pbr_VoluntarySeparationIncentivePlansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_VoluntarySeparationIncentivePlansMember_lbl" xml:lang="en-US" id="id_14489302_3510362_3_1"> Voluntary separation incentive plans. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_VoluntarySeparationIncentivePlansMember_lbl" xml:lang="en-US" id="id_14489302_3510362_1_1"> Voluntary separation incentive plans [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_VoluntarySeparationIncentivePlansMember_lbl" xml:lang="en-US" id="id_14489302_3510362_2_1"> Voluntary separation incentive plans [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_VoluntarySeparationIncentivePlansMember" xlink:to="pbr_VoluntarySeparationIncentivePlansMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_WaterInjectionMember" xlink:label="pbr_WaterInjectionMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_WaterInjectionMember_lbl" xml:lang="en-US" id="id_14489302_3510332_3_1"> Water Injection [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_WaterInjectionMember_lbl" xml:lang="en-US" id="id_14489302_3510332_1_1"> Water Injection [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_WaterInjectionMember_lbl" xml:lang="en-US" id="id_14489302_3510332_2_1"> Water Injection [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_WaterInjectionMember" xlink:to="pbr_WaterInjectionMember_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_WeightedAverageMember" xlink:label="ifrs-full_WeightedAverageMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageMember_lbl" xml:lang="en-US" id="id_14489302_3424498_1_1"> Weighted average [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WeightedAverageMember_lbl" xml:lang="en-US" id="id_14489302_3424498_2_1"> Weighted Average [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageMember" xlink:to="ifrs-full_WeightedAverageMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_WeightedAverageNumberOfCommonAndPreferredSharesOutstanding" xlink:label="pbr_WeightedAverageNumberOfCommonAndPreferredSharesOutstanding"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_WeightedAverageNumberOfCommonAndPreferredSharesOutstanding_lbl" xml:lang="en-US" id="id_14489302_3469177_3_1"> Weighted average number of common and preferred shares outstanding. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_WeightedAverageNumberOfCommonAndPreferredSharesOutstanding_lbl" xml:lang="en-US" id="id_14489302_3469177_1_1"> Weighted Average Number Of Common And Preferred Shares Outstanding </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_WeightedAverageNumberOfCommonAndPreferredSharesOutstanding_lbl" xml:lang="en-US" id="id_14489302_3469177_2_1"> Weighted average number of outstanding shares </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_WeightedAverageNumberOfCommonAndPreferredSharesOutstanding" xlink:to="pbr_WeightedAverageNumberOfCommonAndPreferredSharesOutstanding_lbl"/>
<loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2018-03-16/full_ifrs/full_ifrs-cor_2018-03-16.xsd#ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember" xlink:label="ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember_lbl" xml:lang="en-US" id="id_14489302_3424500_1_1"> Wholly or partly funded defined benefit plans [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember_lbl" xml:lang="en-US" id="id_14489302_3424500_2_1"> Wholly or partly funded defined benefit plans [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember" xlink:to="ifrs-full_WhollyOrPartlyFundedDefinedBenefitPlansMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_WithholdingIncomeTaxesMember" xlink:label="pbr_WithholdingIncomeTaxesMember"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_WithholdingIncomeTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3486681_3_1"> Withholding income taxes. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_WithholdingIncomeTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3486681_1_1"> Withholding Income Taxes [member] </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_WithholdingIncomeTaxesMember_lbl" xml:lang="en-US" id="id_14489302_3486681_2_1"> Withholding income taxes [member] </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_WithholdingIncomeTaxesMember" xlink:to="pbr_WithholdingIncomeTaxesMember_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_WithholdingIncomeTaxPaidOnBehalfOfThirdParties" xlink:label="pbr_WithholdingIncomeTaxPaidOnBehalfOfThirdParties"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_WithholdingIncomeTaxPaidOnBehalfOfThirdParties_lbl" xml:lang="en-US" id="id_14489302_3446992_3_1"> Withholding Income Tax Paid on Behalf of Third Parties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_WithholdingIncomeTaxPaidOnBehalfOfThirdParties_lbl" xml:lang="en-US" id="id_14489302_3446992_1_1"> Withholding Income Tax Paid on Behalf of Third Parties </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_WithholdingIncomeTaxPaidOnBehalfOfThirdParties_lbl" xml:lang="en-US" id="id_14489302_3446992_2_1"> Withholding income tax paid on behalf of third-parties </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_WithholdingIncomeTaxPaidOnBehalfOfThirdParties" xlink:to="pbr_WithholdingIncomeTaxPaidOnBehalfOfThirdParties_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_WritedownsOfOtherExpensesNet" xlink:label="pbr_WritedownsOfOtherExpensesNet"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_WritedownsOfOtherExpensesNet_lbl" xml:lang="en-US" id="id_14489302_3450497_3_1"> Writedowns of other expenses net. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_WritedownsOfOtherExpensesNet_lbl" xml:lang="en-US" id="id_14489302_3450497_1_1"> Writedowns Of Other Expenses Net </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_WritedownsOfOtherExpensesNet_lbl" xml:lang="en-US" id="id_14489302_3450497_2_1"> Other expenses written off </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_WritedownsOfOtherExpensesNet" xlink:to="pbr_WritedownsOfOtherExpensesNet_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_WriteoffOfCapitalizedCosts" xlink:label="pbr_WriteoffOfCapitalizedCosts"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_WriteoffOfCapitalizedCosts_lbl" xml:lang="en-US" id="id_14489302_3446710_3_1"> Writeoff of capitalized costs. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_WriteoffOfCapitalizedCosts_lbl" xml:lang="en-US" id="id_14489302_3446710_1_1"> Writeoff of Capitalized Costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_WriteoffOfCapitalizedCosts_lbl" xml:lang="en-US" id="id_14489302_3446710_2_1"> Wrote off capitalized costs </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbr_WriteoffOfCapitalizedCosts_lbl" xml:lang="en-US" id="id_14489302_3446710_12_1"> Wrote off of capitalized costs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_WriteoffOfCapitalizedCosts" xlink:to="pbr_WriteoffOfCapitalizedCosts_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_WriteOffOfIntangibleAssetsOtherThanGoodwill" xlink:label="pbr_WriteOffOfIntangibleAssetsOtherThanGoodwill"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_WriteOffOfIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3467128_3_1"> Write off of intangible assets other than goodwill. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_WriteOffOfIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3467128_1_1"> Write off Of Intangible Assets Other Than Goodwill </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbr_WriteOffOfIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US" id="id_14489302_3467128_2_1"> Write-offs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_WriteOffOfIntangibleAssetsOtherThanGoodwill" xlink:to="pbr_WriteOffOfIntangibleAssetsOtherThanGoodwill_lbl"/>
<loc xlink:type="locator" xlink:href="pbr-20181231.xsd#pbr_WrittenOffAllowanceForImpairmentOfTradeAndOtherReceivables" xlink:label="pbr_WrittenOffAllowanceForImpairmentOfTradeAndOtherReceivables"/>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbr_WrittenOffAllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456194_3_1"> Written off allowance for impairment of trade and other receivables. </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbr_WrittenOffAllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456194_1_1"> Written off allowance for impairment of trade and other receivables </label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbr_WrittenOffAllowanceForImpairmentOfTradeAndOtherReceivables_lbl" xml:lang="en-US" id="id_14489302_3456194_14_1"> Write-offs </label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbr_WrittenOffAllowanceForImpairmentOfTradeAndOtherReceivables" xlink:to="pbr_WrittenOffAllowanceForImpairmentOfTradeAndOtherReceivables_lbl"/>
</labelLink>
</linkbase>

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