Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 41

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 41
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 natural gas in Brazil and
abroad, for the primary purpose of supplying its domestic refineries. The E&P segment also operates through partnerships with other
companies and includes holding interest in foreign entities operating in this segment.

As an energy Company with a focus on oil and gas,
intersegment sales revenue refers mainly to oil transfers to the Refining, Transportation and Marketing segment, aiming to supply the
Company's refineries and meet the domestic demand for oil products. These transactions are measured by internal transfer prices based
on international oil prices and their respective exchange rate impacts, taking into account the specific characteristics of the transferred
oil stream.

Additionally, the E&P segment obtains sales
revenue from transfers of natural gas to the Gas and Low Carbon Energy segment, which processes it in its industrial units. These transactions
are measured by internal transfer prices, based on the international prices charged for this commodity.

Revenue from sales to third parties mainly reflects
services rendered relating to E&P activities, sales of the E&P’s natural gas processing plants, as well as the oil and natural
gas operations carried out by subsidiaries abroad.

b)Refining, Transportation and Marketing (RT&M):
this segment covers the refining, logistics, transport, acquisition and exports of crude oil, as well as trading of oil products, in Brazil
and abroad. This segment also includes the petrochemical operations (which comprehends holding interests in petrochemical companies in
Brazil), and fertilizer production.

This segment carries out the acquisition of crude
oil from the E&P segment, imports oil for refinery slate, and acquires oil products in international markets taking advantage of the
existing price differentials between the cost of processing domestic oil and that of importing oil products. This segment also performs
the acquisition of natural gas from the G&LCE segment.

Intersegment revenues primarily reflect the sale
of oil products to the distribution business at market prices and the operations for the G&LCE and E&P segments at internal transfer
price.

Revenues from sales to third parties primarily reflect
the trading of oil products in Brazil and the export and trade of oil and oil products by foreign subsidiaries.

c)Gas and Low Carbon Energies (G&LCE): this
segment covers the activities of logistic and trading of natural gas and electricity, the transportation and trading of liquefied natural
gas (LNG), the generation of electricity by means of thermoelectric power plants, as well as natural gas processing. It also includes
renewable energy businesses, low carbon services