Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 14

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 14
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    and dissatisfaction regarding our business strategy, in particular, those related to portfolio
                          management and its implications for the workforce;                      
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–                                      human                                    
    resources policies regarding remuneration, benefits and number of employees;
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–                               workers'                            
    contributions to cover the deficit of the pension plan (Petros);
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–                               implementation                            
    of regulations recently created for health care and pension plans; and
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–          changes       
    in labor legislation.
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 Strikes, work stoppages or other forms of labor demands at any of our facilities or in our major suppliers, contractors or their facilities or in sectors of society that affect our business may impair our ability to continue our operations and complete our projects, adversely impacting our results and our financial condition.
 1.m) Our business may be materially and adversely affected by the emergence of epidemics or pandemics, such as COVID-19. 
 Epidemics and pandemics caused by infectious agents, such as the COVID-19 pandemic, can impact the health of our workforce, our partners and suppliers, as well as demand the redesign of routines, procedures and organization of work in general, and may consequently affect the continuity of various activities and our productivity. The operation of facilities such as platforms, refineries, terminals, among others may be impacted, as well as the full functioning of the supply chain. In addition, such public health events may affect oil prices and demand, which, consequently, may negatively impact our results and financial condition.

Annual Report and Form 20-F 2024 |

1.n) We do not maintain insurance against business interruption in operations in Brazil and most of our assets are not insured against war or sabotage. 
 We generally do not maintain insurance coverage for business interruptions of any nature for our operations in Brazil, including business interruptions caused by labor disputes. If, for instance, our workers or those of our main suppliers, vendors and service providers were to strike, the resulting work stoppages could have an adverse effect on us. In addition, as a general rule, there is no insurance for our assets in case of war or sabotage. Therefore, an attack or incident that causes the interruption of operations may have a material adverse effect on our results and financial condition.
 Additionally, our insurance policies do not cover all types of risks and liabilities in the area of safety, environment, health, government fees, fines or punitive damages, which may impact our results. We cannot guarantee that incidents will not occur in the future, that there will be insurance to cover the