Company: PBR
Filing Date: 2025-11-17
Form Type: 6-K
Source: 0001292814-25-004008
Chunk: 5

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-17
Form: 6-K
Chunk 5
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 million income in Jan-Sep/2024), resulting
in nominal income taxes computed based on Brazilian statutory corporate tax rates (34%) of US$ 8,091 million in Jan-Sep/2025 compared
to a US$ 4,996 million in Jan-Sep/2024.

Net Income attributable to shareholders of Petrobras

Net income attributable to shareholders of Petrobras
was US$ 16,735 million for the period Jan-Sep/2025, a US$ 6,427 million increase compared to a net income attributable to shareholders
of Petrobras of US$ 10,308 million for the period Jan-Sep/2024, as explained above, mainly due to higher net finance income (US$ 3,034
million of income in Jan-Sep/2025 compared to US$ 9,089 million of expenses in Jan-Sep/2024) and lower expenses (US$ 11,016
million of expenses in Jan-Sep/2025 compared to US$ 11,900 million of expenses in Jan-Sep/2024), partially offset by lower gross profit (US$ 31,617 million in Jan-Sep/2025 compared to US$ 35,989 million in Jan-Sep/2024) and higher income taxes expenses (US$ 6,995 million of expenses in Jan-Sep/2025 compared to US$ 4,325 million of expenses in Jan-Sep/2024).

| 6 |

CAPITAL EXPENDITURES (CAPEX)

| CAPEX (US$ million)                    | Jan-Sep/2025 | Jan-Sep/2024 | Change (%) |
| Exploration and Production (1)         |       11,894 |        9,034 |       31.7 |
| Refining, Transportation and Marketing |        1,520 |        1,262 |       20.5 |
| Gas and Low Carbon Energies            |          227 |          297 |      -23.5 |
| Corporate and Other businesses         |          365 |          298 |       22.5 |
| Total                                  |       14,006 |       10,891 |       28.6 |

(1) In Jan-Sep/2024, there is US$ 21 million of signature
bonuses related to the Pelotas Blocks.

In line with our Business Plan, our Capital Expenditures
were primarily directed toward investment projects which Management believes are most profitable, relating to oil and gas production.

In