Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 111

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 111
---
998 |           43,038 |                         2,934 | 72,641 |
| Balance at January 1, 2024    | 12,846 |       3,397 |                8,428 |          1,998 |           43,038 |                         2,934 | 72,641 |
| Additional dividends proposed |      − |           − |               -4,244 |              − |                − |                        -2,934 | -7,178 |
| Transfer to reserves          |      − |           − |                    − |            130 |                − |                             − |    130 |
| Dividends                     |      − |           − |               -4,184 |              − |           -1,440 |                         1,477 | -4,147 |
| Balance at December 31, 2024  | 12,846 |       3,397 |                    − |          2,128 |           41,598 |                         1,477 | 61,446 |

Legal reserve

It represents the accumulated balance of 5% of
the net income for each year, calculated pursuant to article 193 of the Brazilian Corporation Law, limited to 20% of the share capital
(calculated in Brazilian reais). The balance of this reserve may only be used to compensate losses or increase capital and reached the
legal limit on December 31, 2023.

Statutory reserves

In accordance with the Company's Bylaws, the constitution
of the statutory reserves below must be considered in the proposal for distribution of net income, observing the following order of priority:

| · | Capital remuneration reserve: may be constituted                                                                                                
 through the appropriation of up to 70% of the adjusted net income for the year, subject to article 202 of the Brazilian Corporation Law         
 and to the Shareholders Remuneration Policy, limited to the share capital, with the purpose of ensuring resources for the payment of dividends, 
 interest on capital or other form of shareholder remuneration provided for by law, its anticipations, shares repurchases authorized by          
 law, absorption of losses and, as a remaining purpose, incorporation into the share capital.                                                    |

Tax incentives reserve

Government grants are recognized in the statement
of income and are appropriated from retained earnings to the tax incentive reserve pursuant to article 195-A of Brazilian Corporation
Law. This reserve may only be used to offset losses or increase share capital.

As of