Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000660
Chunk: 12

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 12
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 end of period                                                                                           |  3,271 |  8,694 | 12,727 |   3,271 |  12,727 |
| Government bonds, bank deposit certificates and time deposits with maturities of more than 3 months at the end of period (*)             |  4,800 |  6,187 |  5,175 |   4,800 |   5,175 |
| Adjusted cash and cash equivalents at the end of period                                                                                  |  8,071 | 14,881 | 17,902 |   8,071 |  17,902 |
| Reconciliation of Free Cash Flow                                                                                                         |        |        |        |         |         |
| Net cash provided by operating activities                                                                                                |  8,204 | 11,307 | 11,669 |  37,984 |  43,212 |
| Acquisition of PP&E and intangible assets                                                                                                | -4,429 | -4,443 | -3,594 | -14,644 | -12,114 |
| Acquisition of equity interests                                                                                                          |     -9 |     -7 |     -2 |     -22 |     -24 |
| Free cash flow (**)                                                                                                                      |  3,766 |  6,857 |  8,073 |  23,318 |  31,074 |
| (*) Includes government bonds, bank deposit certificates and time deposits                                                               
 of companies classified as held for sale.                                                                                                
 (**) Free cash flow (FCF) is in accordance with the new Shareholder Remuneration                                                         
 Policy (“Policy”) approved on 07/28/2023 and corresponds to operating cash flow minus acquisitions of property, plant and                
 equipment, intangible assets and equity interests. For comparative purposes, figures prior to 2Q23 have been adjusted in accordance with 
 the new Policy.                                                                                                                          |        |        |        |         |         |

| PETROBRAS | Performance Report | 4Q24 | 14 |

Liquidity and capital resources

As of December 31, 2024, cash and cash equivalents
totaled US$ 3.3 billion and adjusted cash and cash equivalents totaled US$ 8.1 billion.

In 4Q24, funds generated by operating activities
reached US$ 38.0 billion and free cash flow totaled US$ 23.3 billion. This level of