Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 120

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 120
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 operations with commodity derivatives, for which a three-month period is applied, due to the short-term
nature of these transactions.

The effects of derivative financial instruments
and hedge accounting are set out as follows.

| 98 |

| INDEX |

| 33.1. | Statement of income |

|                                                    |        |        | Gains/ (losses) recognized in the statement of income |
|                                                    |   2024 |   2023 |                                                  2022 |
| Exchange rate risk                                 |        |        |                                                       |
| Cross-currency Swap CDI x Dollar - Note 33.4.1 (b) |    -96 |     81 |                                                   211 |
| Cash flow hedge on exports - Note 33.4.1 (a)       | -2,992 | -3,763 |                                                -4,871 |
| Interest rate risk                                 |        |        |                                                       |
| Swap Pounds sterling x dollar                      |      − |      − |                                                  -297 |
| Swap IPCA X CDI - 33.4.1 (b)                       |    -78 |     25 |                                                   -50 |
| Others                                             |      − |      − |                                                     5 |
| Recognized in Net finance income (expense)         | -3,166 | -3,657 |                                                -5,002 |
| Price risk (commodity derivatives)                 |        |        |                                                       |
| Recognized in other income and expenses            |     42 |     11 |                                                  -256 |
| Total                                              | -3,124 | -3,646 |                                                -5,258 |

The effects on the statement of income of derivative
financial instruments reflect outstanding transactions and transactions closed during the years.

| 99 |

| INDEX |

| 33.2. | Statement of comprehensive income |

|                                              |         |        | Gains/ (losses) recognized in the statement of comprehensive income |
|                                              |    2024 |   2023 |                                                                2022 |
| Hedge accounting                             |         |        |                                                                     |
| Cash flow hedge on exports - Note 33.4.1 (a) | -12,635 |  8,317 |                                                              10,094 |
| Deferred income taxes                        |   4,295 | -2,830 |                                                              -3,432 |
| Total                                        |  -8,340 |  5,487 |                                                               6,662 |