Company: PBR
Filing Date: 2025-11-28
Form Type: 6-K
Source: 0001292814-25-004085
Chunk: 5

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-28
Form: 6-K
Chunk 5
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7), US$ 6.3 billion (2028), US$ 4.5 billion (2029), andUS$ 6.4 billion (2030). -Brent breakeven
reflects the Implementation Target portfolio (US$ 91 billion in capex). -Sensitivity: For 2026, a R$ 0.50 change in the FX rate implies
a ~US$ 5.0 change in the Brent breakeven. Projected average dollar for 2025: R$ 5.7. -11-3-18-28259482025FXCapexProductionLeasesOthers20262030
21 Our portfolio of investment opportunities amounts to US$ 109 billion 9 5 5 Under Evaluation US$ 18 billion US$ 91 billion Exploration
& Production Refining, Transportation and Marketing Gas & Low Carbon Energies Corporate 22 69 16 4 2 Under Implementation Note:
Projections subject to variation of +/-5%. 78 20 9 2 Total Portfolio US$ 109 billion -1-746-41109111BP2025-29PeriodAdjustmentFXInflationNew
ProjectsProjectreassessmentsOthers*BP 2026-30 Total Portfolio: Business Plan 2025–29 vs 2026–30 23 US$ billion * Includes
assumption of lower project execution risk.New projects: Primarily complementary and current projects in E&P, plus RTM initiatives
focused on fleet renewal, logisticsexpansion, and biorefining projects.. 91 98 13 Under Implementation Under Evaluation 18 Under Implementation
Under Evaluation 24 14.8 15.4 14.4 12.7 11.9 3.2 4.0 4.2 2.6 1.9 1.0 1.2 1.3 0.3 0.2 0.5 0.5 0.6 0.4 0.3 2026 2027 2028 2029 2030 24 19.4
21.0 20.5 16.1 14.3 16.9 17.2 17.1 12.6 11.3 Cash Capex* Capex Under Implementation of US$ 91 billion * Excludes primarily leases, geology
and geophysics expenses, and the cash and