Company: PBR
Filing Date: 2025-08-08
Form Type: 6-K
Source: 0001292814-25-002976
Chunk: 36

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-08
Form: 6-K
Chunk 36
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            |                                                                        |
| Cash flow hedge on exports - Note 26.4.1 (a) |     |    -21,321 |                                                                -30,845 |
| Deferred income taxes                        |     |      7,247 |                                                                 10,485 |
| Total                                        |     |    -14,074 |                                                                -20,360 |

| 26.4. | Market risks |

| 26.4.1. | Foreign exchange rate risk management |

| a) | Cash flow hedge involving the 
 Company’s future exports      |

The Company uses hedge accounting for the risk
arising from foreign exchange rate variations of “highly probable future exports” (hedged item) by means of foreign exchange
rate variations of proportions 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$ million |
| Foreign exchange rate gains and losses on proportion of non-derivative financial instruments cash flows | Foreign exchange rate 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$ million |
| 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 rate variations                                                                        |           - |    -