Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 154

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 154
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 − |                     − |
| Other ratings abroad             |      1,331 |                    15,741 |      6,355 |                     − |
| Investment grade - local rating  |     10,163 |                     9,520 |     12,038 |                19,911 |
| AAA.br                           |     10,163 |                     9,520 |     12,038 |                19,911 |
| Other ratings in Brazil          |          8 |                        32 |          − |                     2 |
|                                  |     20,254 |                    61,613 |     30,002 |                25,311 |

As of December 31, 2024, the Brazilian sovereign risk is BB,
the best level within the speculative grade category, with effect on the rating of Brazilian banks abroad, which represent most of the
Company’s balance of other ratings abroad, including cash.

These financial assets, which are not past due nor considered
to be credit impaired, present fair values equivalent to
or do not differ significantly from their carrying amounts.

| b) | Trade and other receivables |

Most of Petrobras's clients do not have a risk rating granted
by rating agencies. Thus, for the definition and monitoring of credit limits, management evaluates the customer's field of activity, commercial
relationship, financial relationship with Petrobras and its financial statements, among other aspects.

More information on the effect of this risk assessment is
available in notes 14.2 and 14.3, which present the provision for expected credit losses and the respective accounting policy.

| 34. | Related-party transactions |

The Company has a related-party transactions policy, which
is annually revised and approved by the Board of Directors in accordance with the Company’s bylaws.

In order to ensure the goals of the Company are achieved and
to align them with transparency of processes and corporate governance best practices, this policy guides Petrobras while entering into
related-party transactions and dealing with potential conflicts of interest on these transactions, based on the following assumptions
and provisions: competitiveness, compliance, transparency, fairness and commutability.

Transactions that meet the materiality criteria established
in the policy and entered into with: i) the Federal Government, including its agencies and foundations; ii) the Petros Foundation; iii)
the Petrobras Health Association; iv) companies controlled by Petrobras, if the Federal Government or its Entities or an authority of
the public entity to which Petro