Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 113

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 113
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 than the maximum debt level defined in the strategic plan (US$ 75,000 in 
 the 2025-2029 Business Plan), in addition to the existence of net income attributable to shareholders of Petrobras, to be verified at   
 the end of the year, the Company shall distribute to its shareholders 45% of the difference between consolidated net cash provided by   
 operating activities and consolidated cash used in the acquisition of PP&E and intangible assets and on the acquisition of equity       
 interests, calculated in Brazilian reais, provided that the result of this calculation exceeds                                          
 US$ 4,000 and does not compromise the financial sustainability of the Company. This calculation will be applied on a quarterly basis;   |

| · | any amounts related to share repurchases, as disclosed                                                                      
 in the consolidated statement of cash flows, are be deducted from the amount resulting of the formula applied each quarter; |

| · | the Company may, in exceptional cases, distribute                                                                                      
 extraordinary remuneration to its shareholders, higher than the minimum mandatory dividends or than the amount calculated according to 
 this policy, provided that the financial sustainability of the Company is preserved;                                                   |

| · | the distribution of remuneration to shareholders 
 shall be made on a quarterly basis;              |

| · | the Company may exceptionally distribute dividends                                                                                    
 even if there is no net income for the year, in accordance with the rules provided for the Brazilian Corporation Law and the criteria 
 defined in this policy.                                                                                                               |

Petrobras seeks, through its shareholders remuneration
policy, to ensure short, medium and long-term financial sustainability, providing predictability to the dividend payments to shareholders.

| b) | Share Repurchase Program |

On August 3, 2023, the Board of Directors approved
a Share Repurchase Program, for the acquisition of up to 157.8 million preferred shares issued by the Company, on the Brazilian Stock
Exchange (B3), to be held in treasury with subsequent cancellation, without reduction of share capital. This program was carried in the
scope of the revised Shareholders Remuneration Policy.

On August 4, 2024, the Program was closed, resulting
in the repurchase of 155,468,500 preferred shares in the amount of US$ 1,116, including transaction costs (US$ 407 thousand), of
which:

| i. | 104,064,000                                                                                                           
 preferred shares repurchased from August to December 2023 in the amount of US$