Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000660
Chunk: 1

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 1
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 results, among others. The terms "anticipates", "believes",                         
 "expects", "predicts", "intends", "plans", "projects", "aims", "should",                                                                         
 as well as other similar terms, are intended to identify such forecasts, which, of course, involve risks and uncertainties foreseen or           
 not foreseen by the company and, consequently, are not guarantees of the company's future results. Therefore, future results of the company's    
 operations may differ from current expectations, and the reader should not rely solely on the information contained herein. The Company          
 undertakes no obligation to update the presentations and forecasts in the light of new information or future developments. The figures           
 reported for 4Q24 onwards are estimates or targets. Additionally, this presentation contains some financial indicators that are not recognized   
 under BR GAAP or IFRS. These indicators do not have standardized meanings and may not be comparable to indicators with a similar description     
 used by other companies. We provide these indicators because we use them as measures of the company's performance; they should not be            
 considered in isolation or as a substitute for other financial metrics that have been disclosed in accordance with BR GAAP or IFRS. See          
 definitions of Free Cash Flow, Adjusted EBITDA and Net Debt in the Glossary and respective reconciliations in the Liquidity and Capital          
 Resources, Reconciliation of Adjusted EBITDA and Net Debt sections. Consolidated financial information prepared in accordance with International 
 Accounting Standard and audited by the independent auditors.                                                                                     |

| PETROBRAS | Performance Report | 4Q24 | 3 |

CEO’s Message

Dear shareholders and investors,

It is with great satisfaction that
I address you to present some of the many achievements we have obtained in 2024 and to talk a little about the near future of our Petrobras.

The excellent operational and financial
results of 2024 demonstrate, once again, our company's ability to generate value that is returned to society and our investors. I highlight
the operational generation of US$ 38 billion and the financial debt of US$ 23 billion, the lowest level since 2008.

The variation in profit that we report
is fundamentally due to, an accounting issue that does not affect our cash: the exchange rate variation of debts between Petrobras and
its subsidiaries abroad. The annual result was also impacted by the effects, in 2Q24, of the tax transaction that concluded
legal disputes amounting