Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 102

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 102
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 Thus, there are cases in which reversals of impairment are limited to the amount of losses previously recorded, making the column "(Impairment) reversal" not representing the comparison between the columns "Carrying Amount" and "Recoverable Amount".

In assessing the recoverability of property, plant and equipment
and intangible assets, tested individually or grouped in cash-generating units - CGU, the company considered the following projections:

| · | Useful life based on the expected use of the assets or set of assets that make up the CGU, considering 
 the company's maintenance policy;                                                                      |

| · | Assumptions and budgets approved by Management for the period corresponding to the expected life cycle, 
 due to the characteristics of the businesses; and                                                       |

| · | Discount rates derived from the Company’s post-tax weighted average cost of capital (WACC), adjusted                                      
 by specific risk-premiums in case of projects postponed for an extended period, or by specific country-risks, in case of assets abroad.   
 The use of post-tax discount rates in determining value in use does not result in different recoverable amounts if pre-tax discount rates 
 had been used.                                                                                                                            |

The estimates of the key assumptions in the cash flow projections
to determine the value in use of the CGUs in 2024 were:

| Strategic Plan 2025-2029                      | 2025 | 2026 | 2027 | 2028 | 2029 | Long Term Average |
| Average Brent in real terms (US$ barrel)      |   83 |   77 |   74 |   71 |   68 |                65 |
| Average exchange rate in real terms - R$ /US$ | 5.00 | 4.92 | 4.87 | 4.83 | 4.79 |              4.64 |

In 2023, the projections used in the impairment tests were:

| Strategic Plan 2024-2028                      | 2024 | 2025 | 2026 | 2027 | 2028 | Long Term Average |
| Average Brent in real terms (US$ barrel)      |   80 |   78 |   75 |   73 |   70 |                65 |
| Average exchange rate in real terms - R$ /US$ | 5.05 | 5.04 | 5.03 | 4.98 | 4.90 |