Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 72

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 72
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066 |      -10,251 |
| Fair value of plan assets at the end of the year                                |     49,387 |      14,558 |         5,691 |                − |       69,636 |
| (1) Includes the balance of PPSP-R pre-70 and PPSP-NR pre-70 plans.             |            |             |               |                  |              |

Investment management of pension plan assets

Petros Foundation prepares annually Investment
Policies (PI) specific to each plan, following two models:

| (i) | for Petros 2, the achievement of the actuarial goal 
 with the lowest value at risk; and                  |

| (ii) | for defined benefit plans, the minimal mismatch in                      
 net cash flows, conditioned to the achievement of the actuarial target. |

Pension plans assets follow a long-term investment
strategy based on the risks assessed for each different class of assets and provide for diversification, in order to lower portfolio risk.
The portfolio profile must comply with the Brazilian National Monetary Council (Conselho Monetário Nacional– CMN)
regulations.

Petros Foundation establishes investment policies
for 5-year periods, reviewed annually, using an asset liability management model (ALM) to address net cash flow mismatches of the benefit
plans, based on liquidity and solvency parameters.

Pension plan assets by type of asset are set
out as follows:

|                                                  |                                 |                 |            |      |                  | Consolidated |
|                                                  |                                 |                 |            | 2024 |                  |         2023 |
| Type of asset                                    | Quoted prices in active markets | Unquoted prices | Total fair 
      value |    % | Total fair value |            % |
| Receivables                                      |                               − |           5,908 |      5,908 |   9% |            7,096 |          10% |
| Fixed income                                     |                          11,022 |          38,084 |     49,106 |  78% |           52,815 |          76% |
| Government bonds                                 |                              34 |          38,069 |     38,103 |      |           45,747 |              |
| Fixed income funds                               |                           7,194 |               − |      7,194 |      |            3,804 |              |
| Other investments                                |