Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 127

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 127
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 Euro/Dollar                | Assets                              |                      941 |                  5,824 |                10 |                          188 |
|                            | Liabilities                         |                   -1,552 |                 -9,611 |               -16 |                         -310 |
|                            | Total                               |                     -611 |                 -3,787 |                -6 |                         -122 |
| Pound/Dollar               | Assets                              |                      934 |                  5,784 |                12 |                          187 |
|                            | Liabilities                         |                   -1,841 |                -11,402 |               -24 |                         -368 |
|                            | Total                               |                     -907 |                 -5,618 |               -12 |                         -181 |
| Pound/Real                 | Assets                              |                       21 |                    131 |                 4 |                           -2 |
|                            | Liabilities                         |                      -42 |                   -257 |                 1 |                           -8 |
|                            | Total                               |                      -21 |                   -126 |                 5 |                          -10 |
| Total at December 31, 2024 |                                     |                  -42,454 |               -262,891 |             1,278 |                       -8,497 |

| 33.4.2. | Risk management of products prices                 
 - crude oil and oil products and other commodities |

The Company is exposed to commodity price cycles,
and it may use derivative instruments to hedge exposures related to prices of products purchased and sold to fulfill operational needs
and in specific circumstances depending on business environment analysis and assessment of whether the targets of the Business Plan are
being met.

The Company, by use of its assets, positions and
market knowledge from its operations in Brazil and abroad, may seek to optimize some of its commercial operations in the international
market, with the use of commodity derivatives to manage price risk.

The probable scenario uses market references, used
in pricing models for oil, oil products and natural gas markets, and takes into account the closing price of the asset on December 31,
2024. Therefore, no effect is considered arising from outstanding operations in this scenario. The reasonably possible scenario reflects
the potential effects on the statement of income from outstanding transactions, considering a variation in the closing price of 20%. To
simulate the most unfavorable scenarios, the variation was applied to each asset according to open transactions: price decrease for long
positions and increase for short positions.

| Financial Instruments                           | Risk