Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 81

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 81
---
’s maintenance policy; |

| · | assumptions and financial forecasts approved by management                              
 for the period corresponding to the expected life cycle of each different business; and |

| · | discount rates derived from the Company’s post-tax                                                                                            
 weighted average cost of capital (WACC), adjusted by specific risk-premiums in case of projects postponed for an extended period, or by       
 specific country-risks, in case of assets abroad. The use of post-tax discount rates in determining value in use does not result in different 
 recoverable amounts if pre-tax discount rates had been used.                                                                                  |

The cash flow projections used to measure the value
in use of the CGUs, at December 31, 2024, were mainly based on the following updated assumptions for average Brent prices and Brazilian
real/U.S. dollar average exchange rates:

At December 31, 2024, average Brent prices and
Brazilian real/U.S. dollar average exchange rates used were:

| Business Plan 2025-2029                                                        | 2025 | 2026 | 2027 | 2028 | 2029 | Long term Average |
| Average Brent (US$/barrel)                                                     |   83 |   77 |   74 |   71 |   68 |                65 |
| Average Brazilian Real (excluding inflation) - Real /U.S. dollar exchange rate | 5.00 | 4.92 | 4.87 | 4.83 | 4.79 |              4.64 |

At December 31, 2023, average Brent prices and
Brazilian real/U.S. dollar average exchange rates used were:

| 72 |

| INDEX |

| Strategic Plan 2024-2028                                                       | 2024 | 2025 | 2026 | 2027 | 2028 | Long term Average |
| Average Brent (US$/barrel)                                                     |   80 |   78 |   75 |   73 |   70 |                65 |
| Average Brazilian Real (excluding inflation) - Real /U.S. dollar exchange rate | 5.05 | 5.04 | 5.03 | 4.98 | 4.90 |              4.65 |

At December 31, 2022, average Brent prices and
Brazilian real/U.S. dollar average exchange rates used were:

| Strategic Plan 2023-2027                                                       | 2023 | 2024