Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000660
Chunk: 14

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 14
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5 |         9.5 |
| Deep and ultra-deep post-salt                                   |  21.56 |  20.41 |  14.37 |  20.03 |  14.84 |               5.6 |        50.0 |        35.0 |
| Onshore and shallow waters                                      |  19.00 |  16.74 |  16.15 |  17.22 |  15.67 |              13.5 |        17.7 |         9.9 |
| Lifting cost + Production taxes                                 |  19.21 |  19.49 |  19.78 |  19.73 |  19.69 |              -1.4 |        -2.9 |         0.2 |
| Lifting cost + Production taxes + Leases                        |  21.97 |  21.94 |  22.05 |  22.24 |  21.76 |               0.1 |        -0.4 |         2.2 |
| (*) EBITDA margin and ROCE variations in percentage points.     |        |        |        |        |        |                   |             |             |

In 2024, the E&P gross profit
was US$ 35.7 billion, a 10% decrease compared to 2023, mainly due to the decrease in Brent prices and lower production. Nevertheless, we met the oil production targets established in the Strategic Plan 2024-2028+, considering the range of ± 4%.

The annual operating profit was
US$ 28.1 billion, 18% lower than in 2023, mainly due to higher provisions expenses related to decommissioning of fields that are in the
process of being returned and tax expenses recorded in 2Q24, as well as lower revenue from divestments.

| PETROBRAS | Performance Report | 4Q24 | 17 |

Results by business segment

In 4Q24, the E&P gross profit
was US$ 7.4 billion, a 21% decrease compared to 3Q24, mainly due to the decrease in Brent prices and lower production.

The operating profit in 4Q24 was
US$ 3.1 billion, 62% lower than in 3Q24, reflecting the increase in operating expenses,