Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 36

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 36
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7 reversal of cost of sales in 2023), primarily due
to changes in international prices of crude oil and oil products.

At December 31, 2024, the Company had pledged crude
oil and oil products volumes as collateral for the Term of Financial Commitment (TFC) related to Pension Plans PPSP-R, PPSP-R Pre-70 and
PPSP-NR Pre-70 signed by Petrobras and Fundação Petrobras de Seguridade Social – Petros Foundation in 2008,
in the estimated amount of US$ 761 (US$ 986 at December 31, 2023).

Accounting policy for inventories

| 34 |

| INDEX |

Inventories are determined by the weighted average
cost method adjusted to the net realizable value when it is lower than their carrying amount.

Net realizable value is the estimated selling price
of inventory in the ordinary course of business, less estimated cost of completion and estimated expenses to complete its sale, considering
the purpose for which the inventories are held. Inventories with identifiable sales contracts have a net realizable value based on the
contracted price, as, for example, in offshore operations (without physical tanking, with loading onto the ship and direct unloading at
the customer) or auctions. Other items in inventory have a net realizable value based on general selling prices, considering the most
reliable evidence available at the time of the estimate.

The net realizable value of inventories is determined
by grouping similar items with the same characteristic or purpose. Changes in sales prices after the reporting date of the financial statements
are considered in the calculation of the net realizable value if they confirm the conditions existing on that reporting date.

| 16. | Trade payables |

|                         | 12.31.2024 | 12.31.2023 |
| Third parties in Brazil |      3,657 |      3,624 |
| Third parties abroad    |      2,409 |      1,176 |
| Related parties         |         16 |         13 |
| Total                   |      6,082 |      4,813 |

Forfaiting

The Company has a program to encourage the development
of the oil and gas production chain called “Mais Valor”(More Value), operated by a partner company on a 100% digital
platform.

By using this platform, the suppliers who want
to anticipate their receivables may launch a reverse auction,