Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 140

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 140
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 Results of operations for oil and gas
producing activities

The Company’s results of operations from
oil and gas producing activities for the years ended December 31, 2024, 2023 and 2022 are shown in the following table. The Company transfers
substantially all of its Brazilian crude oil and gas production to the RT&M and G&LCE segments, respectively, in Brazil. The internal
transfer prices calculated by the Company’s model may not be indicative of the price the Company would have realized had this production
been sold in an unregulated spot market. Additionally, the prices calculated by the Company’s model may not be indicative of the
future prices to be realized by the Company. Gas prices used are those set out in contracts with third parties.

Production costs are lifting costs incurred to
operate and maintain productive wells and related equipment and facilities, including operating employees’ compensation, materials,
supplies, fuel consumed in operations and operating costs related to natural gas processing plants.

Exploration expenses include the costs of geological
and geophysical activities and projects without economic feasibility. Depreciation and amortization expenses relate to assets employed
in exploration and development activities. In accordance with Codification Topic 932 – Extractive Activities – Oil and Gas,
income taxes are based on statutory tax rates, reflecting allowable deductions. Interest income and expense are excluded from the results
reported in this table.

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| INDEX |

|                                            |         |         |         |        |        | Consolidated entities |    Equity 
    Method 
 Investees |
|                                            |  Brazil |         |         |        | Abroad |                 Total |           |
|                                            |         |   South 
 America |   North 
 America | Others |  Total |                       |           |
| December 31, 2024                          |         |         |         |        |        |                       |           |
| Net operation revenues:                    |         |         |         |        |        |                       |           |
| Sales to third parties                     |     175 |     133 |       − |      − |    133 |                   308 |       170 |
| Intersegment                               |  60,208 |       − |       − |      − |      − |                60,208 |         − |
|                                            |  60,383 |     133 |       − |      − |    133 |                60,516 |       170 |
| Production costs                           | -15,