Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 48

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 48
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, with loading onto the ship and direct unloading at
the customer) or auctions. Other items in inventory have a net realizable value based on general selling prices, considering the most
reliable evidence available at the time of the estimate.

The net realizable value of inventories is determined by grouping
similar items with the same characteristic or purpose. Changes in sales prices after the reporting date of the financial statements are
considered in the calculation of the net realizable value if they confirm the conditions existing on that reporting date.

| 38 |

| NOTES TO THE FINANCIAL STATEMENTSPETROBRAS(In millions of reais, unless otherwise indicated) |

| 16. | Trade payables |

|                                |            | Consolidated |            | Parent Company |
|                                | 12.31.2024 |   12.31.2023 | 12.31.2024 |     12.31.2023 |
| Third parties in Brazil        |     22,644 |       17,544 |     21,401 |         16,376 |
| Third parties abroad           |     14,917 |        5,691 |      8,879 |          2,705 |
| Related parties (note 34.1)    |         98 |           67 |      9,461 |          7,568 |
| Balance in current liabilities |     37,659 |       23,302 |     39,741 |         26,649 |

On December 31, 2024, the average payment term in Brazil is
31 days (32 days in 2023), while for suppliers abroad the average term is 31 days for imported products and 25 days for other goods and
services (58 days for imported products and 26 days for other goods and services in 2023), approximately.

The increase in the balance of trade payables in 2024, of R$
14,357, refers mainly to the acquisition of materials for investment, maritime transport and vessel operations and technical services
and well drilling, data processing equipment and use license; the partnership agreement with the equalization/unitization of E&P fields;
and the largest installment purchases net of oil and oil product payments.

Forfaiting

The Company has a program to encourage the development
of the oil and gas production chain called “Mais Valor”(More Value), operated by a partner company on a 100% digital
platform