Company: PBR
Filing Date: 2025-05-15
Form Type: 6-K
Source: 0001292814-25-002093
Chunk: 14

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-15
Form: 6-K
Chunk 14
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eries. This segment also operates through partnerships with other companies, including interests in foreign companies in this segment.

F

Free cash flow: Corresponds to operating cash flow minus acquisitions of property, plant and equipment, intangible assets and equity interests. Free cash flow is not defined under the IFRS Accounting Standards and should not be considered in isolation or as a substitute for cash and cash equivalents calculated in accordance with IFRS Accounting Standards. It may not be comparable to free cash flow of other companies, however management believes that it is an appropriate supplemental measure to assess our liquidity and supports leverage management.

| Performance Report 1Q25 I 32 |

GLOSSARY

G

Gas & Low Carbon Energy (G&LCE): The segment covers the logistics and commercialization of natural gas and electricity, the transportation and commercialization of LNG, the generation of electricity through thermoelectric plants, as well as the processing of natural gas. It also includes renewable energy businesses, low carbon services (carbon capture, utilization and storage) and the production of biodiesel and its products.

I

Investments: Capital expenditures based on the cost assumptions and financial methodology adopted in our Strategic Plan, which include acquisition of PP&E, including expenses with leasing, intangibles assets, investment in investees and other items that do not necessarily qualify as cash flows used in investing activities, primarily geological and geophysical expenses, pre-operating charges, purchase of property, plant and equipment on credit and borrowing costs directly attributable to works in progress.

Investments in E&P: In the E&P segment, investment projects are classified as: a) production development; b) exploration and c) others. See the details:

| a) | Production Development (PD) |

Projects aimed at enabling the production
activities of new oil or gas fields, or the revitalization of fields already in production through new production systems and/or onshore
facilities.

This includes complementary development
projects intended to increase the recovery factor in fields with declining production, without the installation of new production systems.

Other projects in the Production Development
include: asset acquisition projects linked to new production systems; quantitative risk analysis wells in development areas; and investments
in the production development of non-operated fields.

| b) | Exploration (EXP) |

Exploration projects aim to incorporate
oil and gas reserves in a resilient way, from an economical and carbon emission perspective, generating value in the long-term. They are
classified into types such as: Geological Interpretation Regional Studies, Block, Discovery Appraisal,