Company: PBR
Filing Date: 2025-11-28
Form Type: 6-K
Source: 0001292814-25-004081
Chunk: 10

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-28
Form: 6-K
Chunk 10
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) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein |

The main financeability assumptions for
the Plan, related to the Implementation Target Portfolio, are: (i) Minimum cash balance of US$ 6 billion; (ii) Dividends according to
the current policy; (iii) Gross Debt limit of US$ 75 billion, converging to a level of US$ 65 billion.

The Plan projects a resilient cash flow,
with a Brent breakeven for net debt neutrality of US$ 59 per barrel in 2026 and US$ 48 per barrel in 2030. The BP 2026-30 includes the
following annual projections for Operating Cash Flow (OCF), Investment Cash Flow (Cash Capex), and Leasings, related to the Total Portfolio:

All capital investment projects are approved
for the execution phase only when they present a positive NPV across all three Plan scenarios[4].

The graph below consolidates Sources and
Uses of cash, highlighting the balance between building the future (Investments), debt control, and shareholder returns. Considering the
Total Portfolio, free cash flow allows for an estimate of ordinary dividends ranging from US$ 45 billion to US$ 50 billion.

[4] Exploratory projects (including participation in auctions), ongoing investments (such as maintenance), as well as partnerships, acquisitions, and divestments follow specific approval processes.

| www.petrobras.com.br/irFor more information:PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor RelationsEmail: petroinvest@petrobras.com.br/acionistas@petrobras.com.brAv. Henrique Valadares, 28 – 9th floor – 20231-030 – Rio de Janeiro, RJ.Tel.: 55 (21) 3224-1510/9947 This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934