Company: PBR
Filing Date: 2025-08-08
Form Type: 6-K
Source: 0001292814-25-002976
Chunk: 31

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-08
Form: 6-K
Chunk 31
---
 as expenses:

| 42 |

|                                    |     | Jan-Jun/2025 | Jan-Jun/2024 |
| Variable payments                  |     |          473 |          528 |
| Up to 1 year maturity              |     |            6 |           54 |
| Variable payments x fixed payments |     |          11% |          14% |

At June 30, 2025, the nominal amounts of lease
agreements for which the lease term has not commenced, as they relate to assets under construction or not yet available for use, is US$ 60,613
(US$ 65,034 at December 31, 2024).

The sensitivity analysis of financial instruments
subject to exchange variation is presented in note 26.4.1.

| 25. | Equity |

| 25.1. | Share capital |

As of June 30, 2025 and December 31, 2024, subscribed
and fully paid share capital, net of issuance costs, was US$ 107,101. The table below shows the composition of shares, in each period,
all registered, book-entry and with no par value.

|                                  |     06.30.2025 |     12.31.2024 |
| Common shares                    |  7,442,231,382 |  7,442,454,142 |
| Preferred shares                 |  5,446,501,379 |  5,602,042,788 |
| Subscribed and fully paid shares | 12,888,732,761 | 13,044,496,930 |

Preferred shares have priority on returns of capital,
do not grant any voting rights and are non-convertible into common shares.

On January 29, 2025, the Board of Directors approved
the cancellation of a total of 155,764,169 treasury shares, without reducing the share capital. The effects of this cancellation were
reflected in capital reserve (US$ 2) and profit retention reserve, within profit reserves (US$ 1,116).

On April 16, 2025, the Annual General Shareholders
Meeting approved a proposal to update the Company's Bylaws to reflect the current number of shares.

| 25.2. | Profit Reserves |

The following table presents the final balance
of profit reserves as disclosed in the Statements of changes in shareholders’ equity:

|                                 |  Legal | R&D reserve