Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 2

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 2
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development, production, transport, distribution and trading of all forms of energy, as well as other related or similar activities.

Petrobras may perform any of the activities related to its
corporate purpose, directly, through its wholly-owned subsidiaries, controlled companies, alone or through joint ventures with third parties,
in Brazil or abroad.

The economic activities linked to its corporate purpose will
be developed by the company, in a free competition with other companies, according to market conditions, observing the other legal principles
and guidelines, such as the Petroleum Law (Law No. 9,478/97) and the Gas Law (Law nº 14.134/21). However, Petrobras may have its
activities, as long as they are in line with its corporate purpose, guided by the Union, in order to contribute to the public interest
that justified its creation, aiming at meeting the objective of the national energy policy, when:

I – established by law or regulation, as well as under
agreements provisions with a public entity that is competent to establish such obligation, abiding with the broad publicly stated of such
instruments; and

II – the cost and revenues thereof have been broken
down and disseminated in a transparent manner.

In this case, the Company’s Investment Committee
and Minority Shareholders Committee will evaluate and measure the difference between market conditions and the operating result or economic
return of the obligation assumed by the company, in such a way that the Union compensates, for each fiscal year, the difference between
market conditions and the operating result or economic return of the assumed obligation.

1.1. Highlights of the year

Petrobras presented positive operational results in 2024,
generating value for society and its shareholders. The debt was within the gross debt level established in the Strategic Plan 2024-2028
(SP 24-28), reaching US$ 60 billion.

Total oil and gas production in 2024 was 2.7 million barrels
of oil equivalent per day (boed), within the target established in SP 24-28. The main factors that resulted in this operational performance
were: i) entry into operation of two new platforms in the pre-salt layer - FPSO Maria Quitéria in the Jubarte field and the FPSO
Marechal Duque de Caxias in the Mero field; ii) reaching the maximum oil production capacity of the FPSO Sepetiba platform, in the Mero
field; and (iii)