Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003833
Chunk: 42

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 42
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 for platform construction
milestones, considering the mismatch between the accrual and cash perspectives and expenses related to projects but not capitalized, such
as pre-FID expenditures. Performance Report 3Q25 I 41 GLOSSARY E Exploration & Production (E&P): The segment covers the exploration,
development and production of crude oil, NGL and natural gas in Brazil and abroad, with the main aim of supplying our domestic refineries.
This segment also operates through partnerships with other companies, including interests in foreign companies in this segment. F Free
cash flow: Corresponds to operating cash flow minus acquisitions of property, plant and equipment, intangible assets and equity interests.
Free cash flow is not defined under the IFRS Accounting Standards and should not be considered in isolation or as a substitute for cash
and cash equivalents calculated in accordance with IFRS Accounting Standards. It may not be comparable to free cash flow of other companies,
however management believes that it is an appropriate supplemental measure to assess our liquidity and supports leverage management. G
Gas & Low Carbon Energy (G&LCE): The segment covers the logistics and commercialization of natural gas and electricity, the transportation
and commercialization of LNG, the generation of electricity through thermoelectric plants, as well as the processing of natural gas. It
also includes renewable energy businesses, low carbon services (carbon capture, utilization and storage) and the production of biodiesel
and its products. I Investments: Capital expenditures based on the cost assumptions and financial methodology adopted in our Strategic
Plan, which include acquisition of PP&E, including expenses with leasing, intangibles assets, investment in investees and other items
that do not necessarily qualify as cash flows used in investing activities, primarily geological and geophysical expenses, pre-operating
charges, purchase of property, plant and equipment on credit and borrowing costs directly attributable to works in progress. Investments
in E&P: In the E&P segment, investment projects are classified as: a) production development; b) exploration and c) others. See
the details: a) Production Development (PD) Projects aimed at enabling the production activities of new oil or gas fields, or the revitalization
of fields already in production through new production systems and/or onshore facilities. This includes complementary development projects
intended to increase the recovery factor in fields with declining production, without the installation of new production systems. Other
projects in the Production Development include: asset acquisition projects linked to new production systems; quantitative risk analysis
wells in development