Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 99

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 99
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 are accounted for by the equity method.

Business combination

A business combination is a transaction in which
the acquirer obtains control of another business, regardless it legal form. Acquisitions of businesses are accounted for using the acquisition
method when control is obtained. Combinations of entities under common control are accounted for at cost. The acquisition method requires
that the identifiable assets acquired and the liabilities assumed be measured at the acquisition-date fair value, with limited exceptions.

| 29. | Disposal of assets and other 
 transactions                 |

The major classes of assets and related liabilities
classified as held for sale are shown in the following table:

|                                                   |     | 12.31.2024 | 12.31.2023 |
|                                                   | E&P |      Total |      Total |
| Assets classified as held for sale                |     |            |            |
| Property, plant and equipment                     | 510 |        510 |        335 |
| Total                                             | 510 |        510 |        335 |
| Liabilities on assets classified as held for sale |     |            |            |
| Finance debt                                      |   − |          - |         99 |
| Provision for decommissioning costs               | 713 |        713 |        442 |
| Total                                             | 713 |        713 |        541 |

| a) | Cherne and Bagre fields |

On April 25, 2024, the Company signed an agreement
with Perenco Pétroleo e Gás Ltda (“Perenco”) for the sale of its entire interest in the Cherne and Bagre fields,
located in shallow waters of the Santos Basin.

The amount to be received is US$ 10, of which
US$ 1 was received at the transaction signing and the remainder will be received on the closing date.

| 29.2. | Transaction interrupted |

| a) | Uruguá and Tambaú 
 fields            |

On December 21, 2023, the Company signed agreements
with Enauta Energia S.A. for the sale of its entire interest in the Uruguá and Tambaú fields located in the post-salt layer
of the Santos basin.

On December 21, 2024, due to the non-completion
of the acquisition of the FPSO Cidade de Santos by Enauta, Petrobras notified Brava Energia S.A. (Enauta's parent company) of its decision
to terminate