Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 51

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 51
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 those used in the annual remeasurement made
as of December 31, 2023.

Annual revision of the health care plan

At December 31, 2024, this obligation was revised
using the updated actuarial assumptions, which results are shown in note 18.3.2.

Pension plans

The Company’s post-retirement plans are managed
by Petros Foundation (Fundação Petrobras de Seguridade Social), a nonprofit legal entity governed by private law
with administrative and financial autonomy.

Pension plans in Brazil are regulated by the National
Council for Supplementary Pension (Conselho Nacional de Previdência Complementar – CNPC), which establishes all guidelines
and procedures to be adopted by the plans for their management and relationship with stakeholders.

Petros Foundation periodically carries out revisions
of the plans and, when applicable, establishes measures aiming at maintaining the financial sustainability of the plans.

The net obligation with pension plans recorded
by the Company is measured in accordance with the requirements of IFRS which has a different measurement methodology to that applicable
to pension funds in Brazil, which are regulated by the CNPC.

The main difference between these methodologies
is that, in the CNPC criterion, Petros Foundation considers the future cash flows of normal and extraordinary sponsor’s contributions,
discounted to present value, while the Company considers these cash flows as they are realized. In addition, Petros Foundation sets the
real interest rate based on profitability expectations and on parameters set by PREVIC - Superintendência Nacional de Previdência Complementar (National Supplementary Pension Authority), while the Company uses a rate that combines the maturity profile of the obligations
with the yield curve of government bonds. Regarding the plan assets, Petros Foundation marks government bonds at market or on the curve,
while the Company marks them at market value.

The major post-retirement pension benefits sponsored
by the Company are:

| · | Petros Plan - Renegotiated (PPSP-R); |

| · | Petros Plan - Renegotiated - Pre-70 (PPSP-R Pre-70); |

| · | Petros Plan - Non-renegotiated (PPSP-NR); |

| · | Petros Plan - Non-renegotiated - Pre-70 (PPSP-NR 
 Pre-70);                                         |

| · | Petros 2 Plan (PP-2); and |

| · | Petros 3 Plan (PP-3) |

PPSP-R, PPSP-NR, PP