Company: PBR
Filing Date: 2025-11-17
Form Type: 6-K
Source: 0001292814-25-004008
Chunk: 13

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-17
Form: 6-K
Chunk 13
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of the FPSO Marechal Duque de Caxias in Mero field; (iv) maintenance of peak production of the FPSO Sepetiba in Mero field; (v) new wells
from complementary projects in the Campos and Santos Basins; (vi) lower volumes of losses due to maintenance shutdowns; (vii) higher operational
efficiency in Santos Basin; and, (viii) higher NGL production due to the start-up of the UPGN at the Boaventura Energy Complex / Route
3. These factors were partially offset by declining potential in mature fields.

| 13 |

Refining, Transportation and Marketing

Financial information

| US$ million                                              | Jan-Sep/2025 | Jan-Sep/2024 | Change (%) |
| Sales revenues                                           |       61,867 |       65,990 |       -6.2 |
| Gross profit                                             |        4,033 |        4,947 |      -18.5 |
| Income (Expenses)                                        |       -2,362 |       -2,318 |        1.9 |
| Operating income                                         |        1,671 |        2,629 |      -36.4 |
| Net income attributable to the shareholders of Petrobras |        1,167 |        1,309 |      -10.8 |
| Average refining cost (US$ / barrel) – Brazil            |         2.85 |         2.70 |        5.6 |
| Average domestic basic oil products price (US$/bbl)      |        84.68 |        91.76 |       -7.7 |

In the period Jan-Sep/2025, Refining, Transportation
and Marketing gross profit was US$ 914 million lower than in the period Jan-Sep/2024 mainly due to a decrease in international margins
of gasoline and to lower Brent prices, since the realized inventory was previously purchased at higher prices, in contrast to the effect
of the Brent price appreciation during the period Jan-Sep/2024. The decrease in operating income for the period Jan-Sep/2025 mainly reflects
the reduction in gross profit.

The average refining cost in the period Jan-Sep/2025
was US$ 2.85/bbl, 5.6% higher than in the period Jan-Sep/2024, mainly due to an increase in maintenance expenses and revitalization activities
in our refineries, partially offset