Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 3

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 3
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), Law 13,303 of June 30, 2016 and its Bylaws.

Petrobras’ shares are listed on the Brazilian
stock exchange (B3) in the Level 2 of Corporate Governance special listing segment and, therefore, the Company, its shareholders, its
managers and fiscal council members are subject to provisions under its regulation (Level 2 Regulation - Regulamento de Listagem do Nível 2 de Governança Corporativa da Brasil Bolsa Balcão – B3). The provisions of the Level 2 Regulation
shall prevail over statutory provisions in the event of harm to the rights of public offers investors provided for in the Company's Bylaws,
except when otherwise determined by other regulation.

The Company is dedicated to prospecting, drilling,
refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks,
as well as oil products, natural gas and other liquid hydrocarbons. In addition, Petrobras carries out energy related activities, such
as research, development, production, transport, distribution and trading of all forms of energy, as well as other related or similar
activities.

Petrobras may perform any of the activities related
to its corporate purpose, directly, through its wholly-owned subsidiaries, controlled companies, alone or through joint ventures with
third parties, in Brazil or abroad.

The economic activities linked to its business
purpose shall be undertaken by the Company in free competition with other companies according to market conditions, in compliance with
the other principles and guidelines of Laws no. 9,478/97 and 14,134/21 (oil and gas regulations, respectively). However, Petrobras may
have its activities, provided they are in compliance with its corporate purpose, guided by the Brazilian Federal Government to contribute
to the public interest that justified its creation, aiming to meet national energy policy objectives when:

I – established by law or regulation, as
well as provided for under a contract, covenant, or adjustment agreed upon with a public entity that is competent to establish such obligation,
abiding by the broad publicity of such instruments; and

II – the cost and revenues thereof have been
broken down and disseminated in a transparent manner.

In this case, the Company’s Investment Committee
and Minority Shareholders Committee, exercising their advisory role to the Board of Directors, shall assess and measure the difference
between such market conditions and the operating result or economic return of the transaction, based on technical and economic criteria
for