Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 148

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 148
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 to shareholders
 Our Board of Directors proposed a distribution to shareholders in 2024 in the amount of US$13,457 million. This distribution (US$13,076 million through the payment of dividends and interest on capital, and US$381 million through the share repurchase program) was calculated in Brazilian reais, in the amount of R$75,825 million, representing 45% of our Free Cash Flow for 2024, according to the shareholders remuneration policy, converted to U.S. dollars based on the exchange rate prevailing at the date of approval for each anticipation and on the closing exchange rate for the complementary dividends.
 For more information on our shareholder remuneration policy, see “Shareholder Information – Shareholders’ Rights” in this annual report and Note 32.4 to our audited consolidated financial statements.
 
Debt Service Obligations
 As of December 31, 2024, our debt maturity profile includes, for the next five years, US$36,424 million in finance debt and lease liability (nominal amounts).
 
<{self.tag} alt="{self.alt}" src="{self.src}">AMORTIZATION PROFILE (1) (US$ million) 
 
 (1) Amounts composed by Lease nominal future payments and Finance debt principal.
 
Finance Debt
 In 2024, we repaid the principal and interest on several finance debts, in the amount of US$8,454 million, notably: (i) repurchase and withdraw of US$2,512 of securities in the international capital market; and (ii) pre-payment of US$250 of loans in the international banking market.

Annual Report and Form 20-F 2024 |
Lease Liabilities
 We are the lessee in agreements that primarily include oil and gas producing units, drilling rigs and other exploration and production equipment, vessels and support vessels, helicopters, land and buildings.
 Payments in certain lease agreements vary due to changes in facts or circumstances occurring after their inception other than the passage of time. These payments are not included in the measurement of the lease obligations.
 In addition, there are nominal amounts of lease agreements for which the lease term has not commenced, as they relate to assets under construction or not yet available for use. As of December 31, 2024, these agreements amount to US$65,034 million (US$65,358 million on December 31, 2023).
 For information on changes in the balance of lease liabilities and on leases by class of underlying assets,