Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 121

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 121
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                            2025 |
| Swap - Short position/Soybean oil (3)               |          − |             -1 |          − |                          − | Level 2              |                               - |
| Total open derivative transactions                  |            |                |       -101 |                         20 |                      |                                 |
| (1) Amounts in US$ and R$ are presented in million. |            |                |            |                            |                      |                                 |
| (2) Notional value in thousands of bbl.             |            |                |            |                            |                      |                                 |
| (3) Notional value in thousands of tons.            |            |                |            |                            |                      |                                 |

Commercial derivatives require guarantees, accounted
for as other assets and/or other liabilities.

|                       |     |            | Guarantees given as collateral |
|                       |     | 31.12.2024 |                     12.31.2023 |
| Commodity derivatives |     |         69 |                             18 |

Equity

|                                              |         |         | Cumulative losses in other comprehensive income (shareholders’ equity) |
|                                              |    2024 |    2023 |                                                                   2022 |
| Hedge accounting                             |         |         |                                                                        |
| Cash flow hedge on exports - Note 33.4.1 (a) | -30,845 | -18,210 |                                                                -26,527 |
| Deferred income taxes                        |  10,485 |   6,190 |                                                                  9,020 |
| Total                                        | -20,360 | -12,020 |                                                                -17,507 |

| 100 |

| INDEX |

| 33.4. | Market risks |

| 33.4.1. | Foreign exchange risk management |

By managing its foreign exchange risk, the Company
takes into account the cash flows derived from its operations as a whole. This concept is especially applicable to the risk relating to
the exposure of the Brazilian Real against the U.S. dollar, in which future cash flows in U.S. dollar, as well as cash flows in Brazilian
Real affected by the fluctuation between both currencies, such as cash flows derived from diesel and gasoline sales in the domestic market,
are assessed in an integrated manner.

Accordingly, the financial risk management mainly
involves structured actions encompassing the business of the Company.

Changes in the Real/U.S. dollar spot rate, as well
as foreign