Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 136

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 136
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 Brazilian Corporation Law         
 and to the Shareholders Remuneration Policy, limited to the share capital, with the purpose of ensuring resources for the payment of dividends, 
 interest on capital or other form of shareholder remuneration provided for by law, its anticipations, shares                                    
 repurchases authorized by law, absorption of losses and, as a remaining purpose, incorporation into the share capital.                          |

| 95 |

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

Tax incentives reserve

Government grants are recognized in the statement
of income and are appropriated from retained earnings to the tax incentive reserve pursuant to article 195-A of Brazilian Corporation
Law. This reserve may only be used to offset losses or increase share capital.

As of December 31, 2024, this reserve referring
to a subsidy incentive for investments, granted by the Superintendencies for Development of the Northeast Region of Brazil (SUDENE) and
of the Amazon (SUDAM).

Profit retention reserve

It includes funds intended for capital expenditures,
primarily in oil and gas exploration and development activities, as per the capital budget of the Company, pursuant to article 196 of
the Brazilian Corporation Law.

32.4.2. Distributions to shareholders

Distributions to shareholders are made by means
of dividends, interest capital and share repurchases based on the limits defined in the Brazilian Corporation Law, in the Company’s
bylaws and in the shareholders remuneration policy.

Pursuant to Brazilian Corporation Law, the Company’s
shareholders are entitled to receive minimum mandatory dividends (and/or interest on capital) of 25% of the adjusted net income for the
year in proportion to the number of common and preferred shares held by them.

To the extent the Company proposes dividend distributions,
preferred shares have priority in dividend distribution, which is based on the highest of 3% of the preferred shares’ net book value
or 5% of the preferred share capital. Preferred shares participate under the same terms as common shares in capital increases resulting
from the capitalization of profit reserves or retained earnings. However, this priority does not necessarily grant dividend distributions
to the preferred shareholders in the event of loss for a year.

The payment of dividends may be made only to preferred
shareholders if the priority dividends absorb all the adjusted net income for the year or reach an amount equal to or greater than the
mandatory minimum dividend of 25%.

| a) | Shareholders Remun