Company: PBR
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001292814-25-002053
Chunk: 40

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 40
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 equity to be realized by future exports is set out below:

|                                         | Jan-Mar/2025 | Jan-Mar/2024 |
| Opening balance                         |      -98,094 |      -28,833 |
| Recognized in equity                    |       28,940 |       -9,966 |
| Reclassified to the statement of income |        4,228 |        3,452 |
| Other comprehensive income (loss)       |       33,168 |       -6,514 |
| Closing balance                         |      -64,926 |      -35,347 |

Additional hedging relationships may be revoked or additional
reclassification adjustments from equity to the statement of income may occur as a result of changes in forecasted export prices and export
volumes following future revisions of the Company’s business plans. Based on a sensitivity analysis considering a US$ 10/barrel
decrease in Brent prices stress scenario, when compared to the Brent price projections in the Business Plan 2025-2029, it would not indicate
a reclassification from equity to the statement of income.

A schedule of expected reclassification of cumulative foreign
exchange losses recognized in other comprehensive income to the statement of income as of March 31, 2025, is set out below:

|                      |     |        |         |         |         |        |              | Consolidated |         |
|                      |     |   2025 |    2026 |    2027 |    2028 |   2029 | From 2030 on |              |   Total |
| Expected realization |     | -9,705 | -13,513 | -14,099 | -10,319 | -8,601 |       -8,689 |              | -64,926 |

| b) | Derivative financial instruments not designated for hedge accounting |

In September 2019, Petrobras contracted a cross-currency swap
aiming to protect against exposure arising from the 7th issuance of debentures, for IPCA x CDI operations, maturing in September 2029
and September 2034, and for CDI x U.S. Dollar operations, maturing in September 2024 and September 2029. In September 2024, the notional
amount of the matured cross-currency swap was US$ 241 million.

The methodology used to calculate the fair value of this swap
operation consists of calculating the future value of the operations,