Company: PBR
Filing Date: 2025-05-28
Form Type: 6-K
Source: 0001292814-25-002246
Chunk: 11

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-28
Form: 6-K
Chunk 11
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         -736 |         -836 |      -12.0 |
| Operating income                                         |          475 |        1,371 |      -65.4 |
| Net income attributable to the shareholders of Petrobras |          367 |          775 |      -52.6 |
| Average refining cost (US$ / barrel) – Brazil            |         2.62 |         2.63 |       -0.4 |
| Average domestic basic oil products price (US$/bbl)      |        86.58 |        96.13 |       -9.9 |

In the period Jan-Mar/2025, Refining, Transportation and Marketing
gross profit was US$ 996 million lower than in the period Jan-Mar/2024 mainly due to a decrease in international margins, especially
diesel and gasoline.

The decrease in operating income for the period Jan-Mar/2025 reflects
the reduction in gross profit, partially offset by lower selling expenses, which were higher in the period Jan-Mar/2024 due to the greater
volume of oil exported.

The average refining cost in the period Jan-Mar/2025 was
US$ 2.62/bbl, 0.4% lower than in the period Jan-Mar/2024, with effects of a relatively devalued local currency in 2025 reducing the
costs in dollar terms mainly in personnel, compensated by higher investments in maintenance and revitalization activities in our refineries.

Operational information

| Thousand barrels per day (mbbl/d)                        | Jan-Mar/2025 | Jan-Mar/2024 | Change (%) |
| Total production volume                                  |        1,706 |        1,753 |       -2.7 |
| Domestic sales volume                                    |        1,696 |        1,648 |        2.9 |
| Crude distillation capacity                              |        1,813 |        1,813 |          - |
| Refining plants utilization factor (1)                   |          90% |          92% |       -2.0 |
| Average crude oil throughput                             |        1,618 |        1,628 |       -0.6 |
| Average NGL throughput                                   |           44 |           48 |       -8.3 |
| Domestic crude oil over average crude oil throughput (1) |          92% |          91% |        1.0 |

(1) Changes