Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 18

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 18
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unities.

Climate risks are categorized as: (i) climate-related
transition risks (transition risks); and (ii) climate-related physical risks (physical risks).

| 5.1. | Potential effects of climate  
 risks on accounting estimates |

Accounting estimates are monetary amounts in financial
statements that are subject to measurement uncertainty.

The following information used in relevant accounting
estimates of the Company is largely determined based on the assumptions and projections of the Petrobras Business Plan (PN):

| · | value in use for impairment of assets testing purposes 
 (note 4.2.1);                                          |

| · | timing and costs used in measuring the provision 
 for decommissioning costs (note 4.6);            |

| · | highly probable future exports used in cash flow                        
 hedge accounting involving the Company’s future exports (note 4.8); and |

| · | useful life of PP&E and intangible assets used                                    
 in measuring depreciation, depletion and amortization expenses (notes 23 and 24). |

| 20 |

| NOTES TO THE FINANCIAL STATEMENTSPETROBRAS(In millions of reais, unless otherwise indicated) |

As specified in the following topic, the company
considered the impacts related to climate risks in its Business Planning approved by the Board of Directors, updated each year, which
includes actions to achieve its climate commitments and its ambition to neutralize its net operational emissions of Greenhouse Gases (GHG)
(scopes 1[1] and 2[2]) by 2050.

The ambition and commitments above do not constitute
guarantees of future performance by the company and are subject to assumptions that may not materialize and to risks and uncertainties
that are difficult to predict.

| a) | Transition risk to low carbon economy |

Transition risks arise from efforts to the transition
to a low-carbon economy. In this category, the Company has identified the following risks that can reasonably be expected to affect its
cash flows, access to financing or cost of capital:

| Risk                                                                                                                                          | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Time length (2)      |
| Market                                                                                                                                        | Increased demand for low-carbon energy and products and preference for fossil fuels with lower greenhouse gas (GHG) intensity in production processes, leading to reduced demand for oil and a consequent drop in the prices of fossil fuels. In Brazil, demand for our products may be affected, for example, by increased demand for alternative fuels, also stimulated by Public Policies integrated into