Company: PBR
Filing Date: 2025-11-17
Form Type: 6-K
Source: 0001292814-25-004008
Chunk: 6

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-17
Form: 6-K
Chunk 6
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 Jan-Sep/2025, Capital Expenditures in the E&P segment
totaled US$ 11,894 million, representing 85.0% of the CAPEX of the Company, a 31.7% increase when compared to US$ 9,034 million
in Jan-Sep/2024, mainly due to the development of large projects in the pre-salt layer of the Santos Basin, especially in the Búzios,
Atapu and Sepia Fields. CAPEX in Jan-Sep/2025 were mainly concentrated on: (i) the development of production in the pre-salt layer of
the Santos Basin (US$ 6.5 billion); (ii) the development of production in the pre-salt and post-salt layers of the Campos Basin (US$ 2.7
billion); and (iii) exploratory investments (US$ 1.3 billion).

| 7 |

LIQUIDITY AND CAPITAL RESOURCES

| US$ million                                                                                                                            | Jan-Sep/2025 | Jan-Sep/2024 |
| Adjusted Cash and Cash Equivalents at the beginning of the period                                                                      |        8,071 |       17,902 |
| Government bonds, bank deposit certificates and time deposits with maturities of more than three months at the beginning of the period |       -4,800 |       -5,175 |
| Cash and cash equivalents at the beginning of the period                                                                               |        3,271 |       12,727 |
| Net cash provided by operating activities                                                                                              |       25,885 |       29,780 |
| Acquisition of PP&E and intangibles assets                                                                                             |      -12,933 |      -10,215 |
| Acquisition of equity interests                                                                                                        |           -4 |          -13 |
| Proceeds from disposal of assets – (Divestments)                                                                                       |          554 |          791 |
| Financial compensation from co-participation agreement                                                                                 |          355 |          397 |
| Dividends received                                                                                                                     |          105 |          121 |
| Divestment (Investment) in marketable securities                                                                                       |        2,830 |       -1,179 |
| Net cash used in investing activities                                                                                                  |       -9,093 |      -10,098 |
| (=) Net cash provided by operating and investing activities                                                                            |       16,792 |       19,682 |
| Proceeds