Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003833
Chunk: 43

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 43
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 areas; and investments in the production development of non-operated fields. Performance Report 3Q25 I 42 GLOSSARY
b) Exploration (EXP) Exploration projects aim to incorporate oil and gas reserves in a resilient way, from an economical and carbon emission
perspective, generating value in the long-term. They are classified into types such as: Geological Interpretation Regional Studies, Block,
Discovery Appraisal, Ring Fence (RF), Reservoir Data Acquisition (RDA) and Extended Well Tests (EWT). c) Others Projects required to implement
essential infrastructure needed to enable other investment projects, as well as operations. Examples include upgrades to operational infrastructure,
scheduled shutdowns, acquisition of capital goods, IT and communications improvements, inspections and pipeline replacements due to SCC-CO₂,
new platforms pre-operational costs, among others. L Leverage: Ratio between the Net Debt and the sum of Net Debt and Shareholders’
Equity. Leverage is not a measure defined in the IFRS Accounting Standards and it is possible that it may not be comparable to similar
measures reported by other companies, however management believes that it is an appropriate supplemental measure to assess our liquidity.
Lifting Cost: An indicator that represents the lifting cost per barrel of oil equivalent, considering the ratio between production and
costs. It includes expenses for the execution and maintenance of production. Costs related to the leasing of third-party platforms, production
taxes, and depreciation, depletion, and amortization are not considered in this indicator. Lifting Cost + Leases: An indicator that includes
costs related to the leasing of third-party platforms in the calculation of Lifting Cost, Costs related to production taxes and depreciation,
depletion, and amortization are not considered. Lifting Cost + Production Taxes: An indicator that includes costs related to production
taxes in the calculation of Lifting Cost, Costs related to the leasing of third-party platforms and depreciation, depletion, and amortization
are not considered. Lifting Cost + Production Taxes + Leases: An indicator that includes costs related to the leasing of third-party platforms
and production taxes in the calculation of Lifting Cost, Costs related to depreciation, depletion, and amortization are not considered.
LTM Adjusted EBITDA: Sum of the last 12 months (Last Twelve Months) of Adjusted EBITDA. This metric is not foreseen in the international
accounting standards - IFRS Accounting Standards and it is possible that it is not comparable with similar indexes