Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 19

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 19
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. This regulation will
provide the necessary and sufficient details to reliably and reasonably assess the impact on the cash flows of Petrobras's assets and
its CGUs.

a.1) Potential effects on the value in use in impairment tests

When measuring the value in use of its assets,
the Company bases its cash flow projections on reasonable and supportable assumptions that represent management's best estimate of the
range of economic conditions.

A faster transition to a low-carbon economy than
projected in the Business Plan could result in Brent prices and demand for the Company’s products that are lower than the ones considered
to estimate the value in use of the Company’s assets for impairment testing purposes.

The reduction in the value in use of the Company's
assets may result in the recognition of losses due to the non-recoverability of the carrying amounts of these assets.

Given that the oil price is a variable that decisively
influences the recoverable amount of assets, the Company carried out a sensitivity analysis of the effect of using the Brent prices considered
in the APS and NZE scenarios, for the impairment test of the Company's E&P assets in Brazil.

Using the prices in the APS and NZE scenarios to
perform a sensitivity analysis on projected gross revenues deducted of production taxes, net of income taxes, and keeping unchanged all
other components, variables, assumptions and data for calculating the recoverable amount, the Company's E&P segment, regarding the
impairment loss recognized by the Company, as disclosed in note 25, would have additional impairment reversal of US$ 438 in the APS scenario
and additional impairment losses US$ 11,224 in the NZE scenario, concentrated in the Campos basin fields.

The Company does not consider this sensitivity
analysis, based on APS and NZE Brent price scenarios, to be the best estimates to determine expected effects on the recoverable amount
of assets, sales revenues or net income.

Considering that the Company did not incorporate
in its accounting estimates the carbon price effects, the Company carried out a sensitivity analysis of the effect of GHG emissions pricing
costs on the impairment test of assets in the E&P segment in Brazil, considering a monetary charge per ton of CO emission
starting from 2030, and the existence of free emission allowances.

In this context, using a base price of US$ 10/CO
in 2030, US$ 49.7/CO in 2035, US$ 68/CO in 2040, US$