Company: PBR
Filing Date: 2025-05-15
Form Type: 6-K
Source: 0001292814-25-002093
Chunk: 9

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-15
Form: 6-K
Chunk 9
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 |  19.00 |  16.35 |             -10.7 |         3.8 |
| Lifting cost + Production taxes                                 |  20.07 |  19.21 |  20.05 |               4.5 |         0.1 |
| Lifting cost + Production taxes + Leases                        |  22.77 |  21.97 |  22.43 |               3.6 |         1.5 |
| (*) EBITDA margin and ROCE variations in percentage points.     |        |        |        |                   |             |

In 1Q25, the gross profit of E&P was
US$ 8.3 billion, an increase of 12.0% compared to 4Q24, which had a result of US$ 7.4 billion. This growth was primarily due to higher
production during the period and increased Brent prices, partially offset by a higher government take (production taxes).

The operating income in 1Q25 was US$ 7.5
billion, 139.1% higher than 4Q24. This growth reflects mainly the reduction in operating expenses, particularly due to the absence of
the decommissioning provision recorded in the previous quarter.

| Performance Report 1Q25 I 14 |

RESULTS BY SEGMENT

Lifting costs reported in 1Q25, excluding
production taxes and leases, were US$ 6.79/boe, representing a 7.1% increase compared to the last quarter. This increase is due to the
rise in costs for services related to integrity maintenance of assets, mainly due to the intensification of well interventions in Roncador,
Barracuda, and Marlim fields, as well as inspections and subsea maintenance in Búzios, Itapu, and Marlim Leste fields. Additionally,
there were higher expenditures in the Búzios field related to the new seabed monitoring contract. These effects were partially
offset by a lower volume of losses due to maintenance shutdowns, improved operational efficiency in the Santos Basin, the ramp-up of the
FPSO Marechal Duque de Caxias, and the production start-up of the FPSO Almirante Tamandaré in February 2025.

In the Pre-salt, lifting costs increased
11.0% due to higher expenditures in Búzios related to the new seabed monitoring