Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 15

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 15
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 signed amendments and new agreements
in 2022 with partners in the Atapu and Sépia fields. These agreements provide, in addition to the compensation already received
upon signature, possible additional amounts receivable that may be owed to the Company, according to the conditions described in note
29.3.

Additionally, over the last few years the Company
has sold assets considered non-strategic and established partnerships in E&P assets aiming, among other objectives, at sharing risks
and developing new technologies. Such transactions were carried out through partnerships (note 27) and divestments, with procedures aligned
with current legislation and regulatory bodies. In some of these transactions, contingent receipts are also provided for, subject to contractual
clauses (note 29.3).

| 5. | Climate Change |

Climate change may result in both negative and
positive effects for the Company. Potential negative effects of climate change for the Company are referred to as climate-related risks
(climate risks). Conversely, potential positive effects arising from climate change for the Company are referred to as climate-related
opportunities.

Climate risks are categorized as: (i) climate-related
transition risks (transition risks); and (ii) climate-related physical risks (physical risks).

| 5.1. | Potential effects of climate  
 risks on accounting estimates |

Accounting estimates are monetary amounts in financial
statements that are subject to measurement uncertainty.

The following information used in relevant accounting
estimates of the Company is largely determined based on the assumptions and projections of the Petrobras Business Plan (PN):

| • | value                                                          
 in use for impairment of assets testing purposes (note 4.2.1); |

| • | timing                                                                          
 and costs used in measuring the provision for decommissioning costs (note 4.6); |

| • | highly                                                                                                            
 probable future exports used in cash flow hedge accounting involving the Company’s future exports (note 4.8); and |

| • | useful                                                                                                                    
 life of PP&E and intangible assets used in measuring depreciation, depletion and amortization expenses (notes 23 and 24). |

As presented in the following topic, the Company considered the effects related to climate risks in its Business Plan approved by the Board of Directors, which is updated annually, including actions to achieve its climate commitments and its long-term ambition to neutralize Greenhouse Gas (GHG) emissions in activities under its control (scopes 11 and 22) by 2050.

The aforementioned ambition and commitments are