Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 46

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 46
---
 Company assumes that the credit risk on the
trade receivable has not increased significantly since initial recognition if the receivable is considered to have low credit risk at
the reporting date. Low credit risk is determined based on external credit ratings or internal methodologies.

| 37 |

| NOTES TO THE FINANCIAL STATEMENTSPETROBRAS(In millions of reais, unless otherwise indicated) |

In the absence of controversy or other issues that may result
in the suspension of collection, the Company assumes that a default occurs whenever the counterparty does not comply with the legal obligation
to pay its debts when due or, depending on the instrument, when it is at least 90 days past due.

| 15. | Inventories |

|                                             |            | Consolidated |            | Parent Company |
|                                             | 12.31.2024 |   12.31.2023 | 12.31.2024 |     12.31.2023 |
| Crude oil                                   |     16,379 |       16,341 |     12,751 |         12,419 |
| Oil products                                |     13,382 |       10,631 |     12,735 |          9,410 |
| Intermediate products                       |      2,627 |        3,076 |      2,627 |          3,076 |
| Natural gas and Liquefied Natural Gas (LNG) |        628 |          379 |        628 |            328 |
| Biofuels                                    |        134 |           61 |         25 |             24 |
| Fertilizers                                 |          7 |            7 |          8 |              8 |
| Total products                              |     33,157 |       30,495 |     28,774 |         25,265 |
| Materials, supplies and others              |      8,393 |        6,689 |      8,000 |          6,347 |
| Total                                       |     41,550 |       37,184 |     36,774 |         31,612 |

Oil inventories can be traded in their raw state, as well
as consumed in the production process of their oil products.

Oil products mainly comprise diesel, gasoline, jet fuel and
naphtha, and are generally traded.

Intermediate products are formed by streams of products that
have already passed through at least