Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 130

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 130
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,413 |                     7,503 |      1,875 |                 1,115 |
| AA                                       |        315 |                       593 |        876 |                   651 |
| A                                        |      1,098 |                     6,890 |        999 |                   464 |
| BBB                                      |          − |                        20 |          − |                     − |
| Other ratings abroad                     |        215 |                     3,251 |      1,026 |                     − |
| Investment grade - local rating (Brazil) |      1,642 |                     1,966 |      1,944 |                 4,113 |
| AAA.br                                   |      1,642 |                     1,966 |      1,944 |                 4,113 |
| Other ratings in Brazil                  |          1 |                         7 |          − |                     − |
|                                          |      3,271 |                    12,727 |      4,845 |                 5,228 |

As of December 31, 2024, the Brazilian sovereign
risk is BB, the best level within the speculative grade category, with effect on the rating of Brazilian banks abroad, which represent
most of the Company’s balance of other ratings abroad, including cash.

These financial assets, which are not past due nor considered to be credit impaired, present fair valuesequivalent to or do not differ significantly from their carrying amounts.

| b) | Trade and other receivables |

Most of Petrobras's clients do not have a risk
rating granted by rating agencies. Thus, for the definition and monitoring of credit limits, management evaluates the customer's field
of activity, commercial relationship, financial relationship with Petrobras and its financial statements, among other aspects.

More information on the effect of this risk assessment
is available in notes 14.2 and 14.3, which present the provision for expected credit losses and the respective accounting policy.

| 34. | Related-party transactions |

The Company has a related-party transactions policy,
which is annually revised and approved by the Board of Directors in accordance with the Company’s bylaws.

In order to ensure the goals of the Company are
achieved and to align them with transparency of processes and corporate governance best practices, this policy guides Petrobras while
entering into related-party transactions and dealing with potential conflicts of interest on these transactions, based on the following
assumptions and provisions: competitiveness, compliance