Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 128

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 128
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On December 31, 2024, the fair value of the Company's
finance debt is mainly determined and categorized into a fair value hierarchy as follows:

| • |     | Level                                                                                    
 1- quoted prices in active markets for identical liabilities, when applicable, amounting 
 to R$ 69,193 of December 31, 2024 (R$ 67,639 of December 31, 2023); and                  |

| • |     | Level                                                                                      
 2 – discounted cash flows based on discount rate determined by interpolating spot rates    
 considering financing debts indexes proxies, taking into account their currencies and also 
 Petrobras’ credit risk, amounting to R$ 68,356 as of December 31, 2024 (R$ 74,348 as       
 of December 31, 2023).                                                                     |

Regarding the Interest Rate Benchmark Reform (IBOR
Reform), there was a necessity to amend the Company's contracts referenced in these indexes, considering the end of the publication of
LIBOR (London Interbank Offered Rate) in dollars (US$), of one, three and six months.

As of December 31, 2024, approximately 18% of the
Company's finance debt has been indexed to SOFR (Secured Overnight Financing Rate) and has the CSA (Credit Spread Adjustment) negotiated
with the creditors serving as a parameter.

The totality of the renegotiations
performed have been solely for the replacement of the LIBOR benchmark and were necessary as a direct consequence of the reform of
the reference interest rate. In these renegotiated cash flows, the change of the index was economically equivalent to the previous
basis. Thus, the changes were prospective with the recognition of interest at the new index in the applicable periods.

| 90 |

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

The sensitivity analysis for financial instruments
subject to foreign exchange variation is set out in note 33.4.1.

A maturity schedule of the Company’s
finance debt (undiscounted), including face value and interest payments is set out as follows:

|                                                                                            |        |        |        |        |        |                     |            | Consolidated |
| Maturity                                                                                   |   2025 |   2026 |   2027 |   2028 |   2029 | 2030 and thereafter | 12.31.