Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 126

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 126
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rate) may affect the Company's results, due to the market value of these swap contracts. In preparing a sensitivity analysis for these
curves, a parallel shock was estimated based on the average maturity of these swap contracts, in the scope of the Company’s Risk
Management Policy, which resulted in a 618 basis points effect on the estimated interest rate. The effect of this sensitivity analysis,
keeping all other variables constant, is shown in the following table:

| Financial Instruments |     | Reasonably possible scenario |
| SWAP CDI x USD        |     |                          -10 |

| c) | Sensitivity analysis for foreign       
 exchange risk on financial instruments |

The sensitivity analysis only covers the exchange
rate variation and maintains all other variables constant. The probable scenario is referenced on external sources like Focus bulletin
and Thomson Reuters, making use of the exchange rate forecast for the end of the following year, as follows:

| · | U.S. dollar x real - a 3.15% appreciation of the 
 real;                                            |

| · | euro x U.S. dollar - a 1.03% depreciation of the 
 euro;                                            |

| · | pound sterling x U.S. dollar - a 1.32% depreciation 
 of the pound sterling.                              |

The reasonably possible scenario has the same references
and considers the risk of depreciation of a 20% depreciation of the closing exchange rate of the year against the reference currency,
except for assets and liabilities of foreign subsidiaries, when transacted in a currency equivalent to their respective functional currencies.

| 103 |

| INDEX |

| Risk                       | Financial Instruments               | Exposure at   12.31.2024 | Exposure in R$ million | Probable Scenario | Reasonably possible scenario |
| Dollar/Real                | Assets                              |                    7,616 |                 47,159 |              -240 |                        1,523 |
|                            | Liabilities                         |                 -113,943 |               -705,569 |             3,594 |                      -22,789 |
|                            | Exchange rate - Cross currency swap |                     -488 |                 -3,023 |                15 |                          -98 |
|                            | Cash flow hedge on exports          |                   65,900 |                408,073 |            -2,078 |                       13,180 |
|                            | Total                               |                  -40,915 |               -253,360 |             1,291 |                       -8,184 |
|