Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 137

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 137
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eration Policy |

The Company’s policy on distributions to
shareholders, approved by the Company’s Board of Directors on July 28, 2023, defines the following:

| · | minimum distribution of US$ 4 billion for fiscal                                                                                           
 years when the average Brent price exceeds US$ 40 per barrel, which shall be distributed regardless of its level of indebtedness, provided 
 that the parameters set forth in the policy are observed. This distribution will be equal to both common and preferred shares, once it     
 exceeds the minimum value for preferred shares provided for in the Company's bylaws;                                                       |

| · | in the event of gross debt equal to or less than                                                                                         
 the maximum debt level defined in the strategic plan (US$ 75 billion in the 2025-2029 Business Plan), in addition to the existence of    
 net income attributable to shareholders of Petrobras, to be verified at the end of the year and approved by the Board of Directors, the  
 Company shall distribute to its shareholders 45% of the free cash flow, which is the difference between consolidated net cash provided   
 by operating activities and consolidated cash used in the acquisition of PP&E and intangible assets and on the acquisition of equity     
 interests, calculated in Brazilian reais, provided that the result of this calculation exceeds US$ 4 billion and does not compromise the 
 financial sustainability of the Company. This calculation will be applied on a quarterly basis;                                          |

| · | any amounts related to share repurchases, as disclosed                                                                      
 in the consolidated statement of cash flows, are be deducted from the amount resulting of the formula applied each quarter; |

| · | the Company may, in exceptional cases, distribute                                                                                      
 extraordinary remuneration to its shareholders, higher than the minimum mandatory dividends or than the amount calculated according to 
 this policy, provided that the financial sustainability of the Company is preserved;                                                   |

| · | the distribution of remuneration to shareholders 
 shall be made on a quarterly basis;              |

| · | the Company may exceptionally distribute dividends                                                                                    
 even if there is no net income for the year, in accordance with the rules provided for the Brazilian Corporation Law and the criteria 
 defined in this policy.                                                                                                               |

| 96 |

| NOTES TO THE FINANCIAL STATEMENTSPETROBRAS(In millions of reais, unless otherwise indicated) |

Petrobras seeks, through its shareholders remuneration
policy, to ensure short, medium and long-term financial sustainability, providing predictability to the dividend payments to