Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 138

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 138
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 shareholders.
Then, the payment of remuneration to shareholders must not compromise the company's short, medium and long-term financial sustainability.

| b) | Share Repurchase Program |

On August 3, 2023, the Board of Directors approved
a Share Repurchase Program, for the acquisition of up to 157.8 million preferred shares issued by the Company, on the Brazilian Stock
Exchange (B3), to be held in treasury with subsequent cancellation, without reduction of share capital. This program was carried in the
scope of the revised Shareholders Remuneration Policy, approved on July 28, 2023, with a maximum term of 12 months.

On August 4, 2024, the Program was closed, resulting
in the repurchase of 155,468,500 preferred shares in the amount of R$ 5,563, including transaction costs of R$ 2, of which:

| i. |     | 104,064,000                                                                                    
 preferred shares repurchased from August to December 2023 in the amount of R$ 3,644, including 
 transaction costs; and                                                                         |

| ii. |     | 51,404,500                                                                                  
 preferred shares repurchased from January to June 2024 in the amount of R$ 1,919, including 
 transaction costs.                                                                          |

On January 29, 2025, the Board of Directors approved
the cancellation of all treasury shares, without reducing the share capital (see note 36).

| c) | Proposed remuneration to the shareholders of Petrobras |

The remuneration to Petrobras shareholders for the
fiscal year 2024, in the amount of R$75,825, was calculated based on the policy formula of 45% of the free cash flow of 2024, which includes
the repurchase of shares, in addition to the distribution of extraordinary dividends, as follows:

Parent Company

|                                                                                                                                             |   2024 |   2023 |
| Dividends and interest on capital (1)                                                                                                       | 73,906 | 72,419 |
| Share repurchase program (2)                                                                                                                |  1,919 |  3,642 |
| Total capital remuneration reserve                                                                                                          | 75,825 | 76,061 |
| (1) The Annual General Shareholders’                                                                                                        
 Meeting of April 2024 changed the management's original proposal for the allocation of the 2023 fiscal year