Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 91

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 91
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 of a final decision. In compliance with CAM rules, the lawsuit is confidential and only available to those
involved in the original arbitration proceeding.

On September 11, 2024, in the arbitration that
was intended to be collective, a final arbitration ruling was handed down, in favor of Petrobras, extinguishing the referred arbitration,
without resolution on the merits, due to the applicant's active illegitimacy to act as a procedural substitute. The arbitration is confidential,
having become final on November 29, 2024.

In turn, on January 9, 2025, in another of these
arbitrations initiated by several foreign investors, a final arbitration award was handed down in favor of Petrobras. The sentence dismissed
the request, accepting one of the defense theses presented by Petrobras, recognizing that, based on Brazilian law, there is no legal permit
that authorizes investors to bring an action for compensation against the Company for indirect damages, such as those related to the devaluation
of the value of shares. This arbitration is confidential, as are the others in progress.

Petrobras will continue to defend itself in this
and other arbitrations.

Accounting policy for provisions for legal proceedings, contingent liabilities and contingent assets

The Company recognizes provisions for legal, administrative
and arbitration proceedings when the technical assessment of its legal advisors and the judgment of management consider that it is more
likely than not that a present obligation exists and the other conditions to recognize a provision are met, including that it is probable
that an outflow of resources will be required to settle the obligation.

Contingent liabilities are not recognized but are disclosed
in notes when the likelihood of outflows is possible, including those whose amounts cannot be estimated, considering the best information
available to the date of the issuance of these financial statements.

The methodology used to estimate the provisions is described
in note 4.5.

Contingent assets are not recognized, but are disclosed in
notes when the inflow of economic benefits is considered probable and the amount is considered material. However, if the inflow of economic
benefits is virtually certain, which, in general, considers the final and unappealable decision, and if the value can be reliably measured,
the related asset is not a contingent asset anymore and it is recognized.

| 20. | Provision for decommissioning 
 costs                         |

The table below details the provision for decommissioning costs
amount per production area:

|                               |            | Consolid