Company: PBR
Filing Date: 2025-11-17
Form Type: 6-K
Source: 0001292814-25-004008
Chunk: 17

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-17
Form: 6-K
Chunk 17
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 management.

ANP -Brazilian National Petroleum, Natural
Gas and Biofuels Agency.

Average Domestic basic oil products price (US$/bbl)
- represents Petrobras' domestic sales revenues per unit of basic oil products, which are: diesel, gasoline, LPG, jet fuel, naphtha and
fuel oil.

Capital Expenditures – Capital
expenditures based on the cost assumptions and financial methodology adopted in our Business Plan, which include acquisition of PP&E
and intangible assets, acquisition of equity interests, as well as other items that do not necessarily qualify as cash flows used in investing
activities, comprising geological and geophysical expenses, research and development expenses, pre-operating charges, purchase of property,
plant and equipment on credit and borrowing costs directly attributable to works in progress.

CTA – Cumulative translation adjustment
– The cumulative amount of exchange variation arising on translation of foreign operations that is recognized in Shareholders’
Equity and will be transferred to profit or loss on the disposal of the investment.

Effect of average cost in the Cost of Sales
– In view of the average inventory term of 60 days, the crude oil and oil products international prices movement, as well as foreign
exchange effect over imports, production taxes and other factors that impact costs, do not entirely influence the cost of sales in the
current period, having their total effects only in the following period.

Free Cash Flow - Net cash provided by operating
activities less the sum of acquisition of PP&E and intangibles assets and acquisition of 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.

Gross Debt – Sum of current and non-current
finance debt and lease liability, this measure is not defined under the IFRS Accounting Standards.

Leverage –Ratio between the Net Debt
and the sum of Net Debt and Market Capitalization. Leverage is not a measure defined in the IFRS Accounting Standards and it is possible
that it may not be comparable to similar measures reported by other companies, however management believes that it is an appropriate supplemental
measure to assess our liquidity.

Lifting Cost - Crude oil and natural gas lifting
cost indicator, which considers expenditures occurred in the period