Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003845
Chunk: 58

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 58
---
1,317 |
|                                                          | Liabilities                         |             -1,764 |   -9,384 |              -292 |                       -1,877 |
|                                                          | Total                               |               -526 |   -2,798 |               -87 |                         -560 |
| Pound/Dollar                                             | Assets                              |                995 |    5,294 |               100 |                        1,059 |
|                                                          | Liabilities                         |             -1,948 |  -10,360 |              -196 |                       -2,072 |
|                                                          | Total                               |               -953 |   -5,066 |               -96 |                       -1,013 |
| Renminbi /Dollar                                         | Assets                              |                  3 |       18 |                 − |                            4 |
|                                                          | Liabilities                         |               -496 |   -2,639 |               -30 |                         -528 |
|                                                          | Total                               |               -493 |   -2,621 |               -30 |                         -524 |
| Others (1)                                               | Assets                              |                 28 |      147 |                22 |                           -3 |
|                                                          | Liabilities                         |                -55 |     -294 |               -22 |                          -59 |
|                                                          | Total                               |                -27 |     -147 |                 − |                          -62 |
| Total                                                    |                                     |            -43,319 | -230,365 |           -11,012 |                      -46,105 |
| (1) Pound sterling/real, euro/real and peso/U.S. dollar. |                                     |                    |          |                   |                              |

| 63 |

| This interim financial information should be read together with the Company’s audited annual financial statements(Expressed in millions of reais, unless otherwise indicated) |

| 26.4.2 | Risk management of products prices                 
 - crude oil and oil products and other commodities |

The Company is exposed to commodity price cycles,
and it may use derivative instruments to hedge exposures related to prices of products purchased and sold to fulfill operational needs
and in specific circumstances depending on business environment analysis and assessment of whether the targets of the Business Plan are
being met.

The Company, by use of its assets, positions and
market knowledge from its operations in Brazil and abroad, may seek to optimize some of its commercial operations in the international
market, with the use of commodity derivatives to manage price risk.

The probable scenario