Company: PBR
Filing Date: 2025-11-28
Form Type: 6-K
Source: 0001292814-25-004085
Chunk: 4

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-28
Form: 6-K
Chunk 4
---
 current oil production forecastfor 2025 is around 2.4 million bpd, with an expectation to end the year in the upper band
of the2.3 million bpd target, with a ±4% range. 15 Responsibility for capex execution + US$ 2.5 billion in revenues/year + US$
1 billion in ocf/year + US$ 1 billion in taxes/year + 100 Mbpd ≈ Each extra unit of oil, gas, or fuels we produce increases revenue
and taxes. By accelerating project operations, we bring revenue forward. This growth strategy will translate into long-term dividends.
16 Viviane de Castro Salles (CENPES) 17 Investments in the energy transition will be more focused on bioproducts over this five-year period,
especially ethanol, biodiesel,and biomethane,in addition to diesel with renewable content (Diesel R5), SAF and biobunker Commitment to
a Just Energy Transition Ensuring access to energy is critical for promoting the well-being of Brazilian society Sharing results with
society Our investments have the potential to generate and sustain 311,000 direct and indirect jobs We will generate dividends for private
and government shareholders Our investments represent 5% of total investments in Brazil. In addition, forecast tax payments to municipalities,
states, and the federal government amount to R$ 1.4 trillion Andrew Henrique Neri, Member of the Petrobras Autonomy and Income Program
18 19 FINANCIAL STRATEGY Ivana Xavier (Corporate Affairs) 19 20 Current Landscape •Decline in international prices •Short-term
cash flow pressure Our Competitive Edge •Unique, resilient portfolio withhigh returns and fast cashgeneration Key Drivers •
Value generation through investments,while preserving the dividend policy anddebt levels OUR VALUE PROPOSITION Amid challenges and opportunities,
we look to the future CAPITAL DISCIPLINEOptimization of expenditures and enhanced governance for the approval of projects and value generation,
with aligned incentives PRODUCTIONOptimized allocation of resources and project risk mitigation, leading to higher production We reduced
our Brent breakeven for neutral net debt 21 Brent breakeven* US$/bbl * Brent breakeven is the oil price needed to honor our financial
obligations with no net debt addition Notes:-2025 Brent breakeven impacted by leasing additions (US$ 12.9 billion). -Expected lease additions:
US$ 5.9 billion (2026), US$ 6.7 billion (202