Company: PBR
Filing Date: 2025-08-08
Form Type: 6-K
Source: 0001292814-25-002974
Chunk: 46

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-08
Form: 6-K
Chunk 46
---
 of certain obligations denominated in U.S. dollars (hedging instruments).

The carrying amounts, the fair value as of June
30, 2025, and a schedule of expected reclassifications to the statement of income of cumulative losses recognized in other comprehensive
income (shareholders’ equity) based on a US$ 1.00 / R$ 5.4571 exchange rate are set out below:

|                                                                                                    |                                                                                      | Present value of hedging instrument 
 notional value at                   
 06.30.2025                          |                        |             |         |
| Hedging Instrument                                                                                 | Hedged Transactions                                                                  | Nature                              
 of the Risk                         | Maturity               
 Date                   | US$ million |      R$ |
| Foreign exchange gains and losses on proportion of non-derivative financial instruments cash flows | Foreign exchange gains and losses of highly probable future monthly exports revenues | Foreign Currency                    
 – Real vs U.S. Dollar               
 Spot Rate                           | July 2025 to June 2035 |      70,052 | 382,279 |

| Changes in the present value of hedging instrument notional value                                       | US$ million |      R$ |
| Amounts designated as of December 31, 2024                                                              |      65,900 | 408,073 |
| Additional hedging relationships designated, designations revoked and hedging instruments re-designated |      16,495 |  94,522 |
| Exports affecting the statement of income                                                               |      -6,413 | -37,215 |
| Principal repayments / amortization                                                                     |      -5,930 | -34,112 |
| Foreign exchange variations                                                                             |           − | -48,989 |
| Amounts designated as of June 30, 2025                                                                  |      70,052 | 382,279 |
| Nominal value of hedging instrument (finance debt and lease liability) at June 30, 2025                 |      92,116 | 502,689 |

In the six-month period ended June 30, 2025, the
Company recognized a R$ 749 gain within foreign exchange gains (losses) due to ineffectiveness (a R$ 467 loss in the same period
of 2024).

The average ratio of future exports for which cash
flow hedge accounting was designated to the highly probable future exports is 77.82%.

A roll-forward schedule of cumulative foreign exchange
losses recognized in equity to be realized by