Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000660
Chunk: 18

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 18
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 costs with materials and services related to maintenance and conservation. The processed throughput was slightly higher
in the year-over-year comparison (+0.8%), which, combined with the exchange rate effect, partially offset the increase in absolute costs.

Regarding the comparison between
the quarters, the RTM gross profit was 21% higher than that of 3Q24, mainly due to higher margins on oil products in the domestic market.
Adjusting for the effect of inventory turnover of $383 million in Q4 2024 and $186 million in Q3 2024, the RTM gross profit would have
been US$ 1,115 million in Q4 2024 and US$ 1,050 million in Q3 2024.

It is worth noting that in Q4
2024, higher margins were observed in the domestic market, mainly for diesel, following the increase in international margins for this
oil product. The sales volume in the domestic market was lower, primarily for diesel, due to seasonality with the end of the grain harvest
and reduced industrial activity, and for LPG due to higher temperatures and lower industrial activity. On the other hand, there was a
higher sales volume of gasoline and jet fuel, driven by the seasonality of the year-end holiday period.

In 4Q24, the operating income
was 23% higher than in Q3 2024, reflecting the increase in gross profit, partially offset by the rise in operating expenses.

Finally, in 4Q24, the refining
cost in dollars per barrel was 13% lower than in 3Q24. There were notable reductions in expenses with materials and services related to
the maintenance and conservation of operational units, along with the exchange rate effect that contributed to the decrease in the absolute
dollar value during the period. Throughput did not vary significantly between the quarters.

| PETROBRAS | Performance Report | 4Q24 | 19 |

Results by business segment

Gas and Low Carbon Energies

Table 9 – G&LCE results

|                                                                                                                                    |       |       |       |        |        | Variation (%) (1) |             |             |
| US$ million                                                                                                                        |  4Q24 |  3Q24 |  4Q23 |   2024 |   2023 |       4Q24 X 3Q24 | 4Q24 X 4Q23 | 2024 X 2023 |
| Sales revenues