Company: PBR
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001292814-25-002051
Chunk: 23

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 23
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-Mar/2025 | Jan-Mar/2024 |
| Impairment (losses) reversals                         |          -50 |            9 |
| Exploratory assets                                    |         -208 |            − |
| Impairment of equity-accounted investments            |            − |           17 |
| Net effect within the statement of income             |         -258 |           26 |
| Losses                                                |         -264 |           -5 |
| Reversals                                             |            6 |           31 |
| Statement of financial position                       | Jan-Mar/2025 | Jan-Mar/2024 |
| Property, plant and equipment                         |          -93 |           13 |
| Intangible assets                                     |         -165 |            − |
| Assets classified as held for sale                    |           -1 |            8 |
| Investments                                           |            1 |            5 |
| Net effect within the statement of financial position |         -258 |           26 |

The Company annually tests its assets for impairment
or when there is an indication that their carrying amount may not be recoverable, or that there may be a reversal of impairment losses
recognized in previous years. In the three-month period ended March 31, 2025, net impairment losses were recognized in the amount of US$ 258,
mainly due to the economic unfeasibility of blocks C-M-753 e C-M-789, located in the Santos basin, resulted in the recognition of a US$ 208
loss.

| 20. | Exploration and evaluation of 
 oil and gas reserves          |

Changes in the balances of capitalized costs directly
associated with exploratory wells pending determination of proved reserves and the balance of amounts paid for obtaining rights and concessions
for exploration of oil and natural gas (capitalized acquisition costs) are set out in the following table:

| Capitalized Exploratory Well Costs / Capitalized Acquisition Costs (1)                                   | Jan-Mar/2025 | Jan-Mar/2024 |
| Property plant and equipment                                                                             |              |              |
| Opening Balance                                                                                          |        1,475 |        1,512 |
| Additions                                                                                                |          243 |           89 |
| Write-offs                                                                                               |           -2 |          -23 |
| Translation adjustment                                                                                   |          107 |          -45 |
| Losses on exploration expenditures written off                                                           |          -44 |            − |
| Closing Balance                                                                                          |        1,779 |        1