Company: PBR
Filing Date: 2025-08-08
Form Type: 6-K
Source: 0001292814-25-002976
Chunk: 37

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-08
Form: 6-K
Chunk 37
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48,989 |
| Amounts designated as of June 30, 2025                                                                  |      70,052 |    382,279 |
| Nominal value of hedging instrument (finance debt and lease liability) at June 30, 2025                 |      92,116 |    502,689 |

In the six-month period ended June 30, 2025, the
Company recognized a US$ 130 gain within foreign exchange rate gains (losses) due to ineffectiveness (a US$ 90 loss in the same
period of 2024).

The average ratio of future exports for which cash
flow hedge accounting was designated to the highly probable future exports is 77.82%.

A roll-forward schedule of cumulative foreign exchange
rate losses recognized in equity to be realized by future exports is set out below:

| 47 |

|                                         | Jan-Jun/2025 | Jan-Jun/2024 |
| Opening balance                         |      -30,845 |      -18,210 |
| Recognized in equity                    |        8,304 |       -8,649 |
| Reclassified to the statement of income |        1,220 |        1,297 |
| Other comprehensive income (loss)       |        9,524 |       -7,352 |
| Closing balance                         |      -21,321 |      -25,562 |

Additional hedging relationships may be revoked
or additional reclassification adjustments from equity to the statement of income may occur as a result of changes in forecasted export
prices and export volumes following future revisions of the Company’s business plans. A sensitivity analysis considering a US$ 10/barrel
decrease in Brent prices stress scenario, when compared to the Brent price projections in the Business Plan 2025-2029, would not indicate
a reclassification from equity to the statement of income.

A schedule of expected reclassification of cumulative
foreign exchange rate losses recognized in other comprehensive income to the statement of income as of June 30, 2025, is set out below:

|                      |   2025 |   2026 |   2027 |   2028 |   2029 | 2030 onwards |   Total |
| Expected realization | -2,653 | -5,242 | -5,542 | -3,732 | -3,217 |         -935 | -21,321 |

| b) | Derivative financial instruments    
 not designated