Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 108

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 108
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 the total
financing, notably a Financing agreement with China Development Bank (CDB).

The loans obtained by structured entities are collateralized
based on the projects’ assets, as well as liens on receivables of the structured entities.

Bonds issued by the Company in the capital market
are unsecured.

The global notes issued by the Company in the capital
market through its wholly-owned subsidiary Petrobras Global Finance B.V. – PGF are unsecured. However, Petrobras fully, unconditionally
and irrevocably guarantees these notes.

Accounting policy for loans and finance debt

Loans and finance debt are initially recognized
at fair value less transaction costs that are directly attributable to its issue and subsequently measured at amortized cost using the
effective interest method.

When the contractual cash flows of a financial
liability measured at amortized cost are renegotiated or modified and this change is not substantial, its gross carrying amount will reflect
the discounted present value of its cash flows under new terms using the original effective interest rate. The difference between the
book value immediately prior to such modification and the new gross carrying amount is recognized as gain or loss in the statement of
income. When such modification is substantial, the original liability is extinguished and a new liability is recognized, impacting the
statement of income of the period.

| 31. | Lease liability |

The Company is the lessee in agreements primarily
including oil and gas producing units, drilling rigs and other exploration and production equipment, vessels and support vessels, helicopters,
land and buildings. Changes in the balance of lease liabilities are presented below:

|                                       |   Lessors 
 in Brazil | Lessors 
  abroad |  Total |
| Balance at December 31, 2023          |     6,792 |  27,007 | 33,799 |
| Remeasurement / new contracts         |     1,589 |   8,128 |  9,717 |
| Payment of principal and interest (1) |    -2,649 |  -5,192 | -7,841 |
| Interest expenses                     |       529 |   1,765 |  2,294 |
| Foreign exchange losses               |       716 |   6,986 |  7,702 |
| Translation adjustment                |    -1,493 |  -7,068 | -8,561 |
| Transfers                             |         − |      39 |     39 |
| Balance