Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 16

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 16
---
not guarantees of future performance by the Company and are subject to assumptions that may prove incorrect and to risks and uncertainties
that are difficult to predict.

| a) | Transition risk to low carbon economy |

Transition risks arise from efforts to the transition
to a low-carbon economy. In this category, the Company has identified the following risks that can reasonably be expected to affect its
cash flows, access to financing or cost of capital:

direct GHG emissions, which occur from energy sources that are
owned or controlled by the Company.

Indirect GHG emissions, which come from energy sources purchased
and consumed by the Company, which occur at the facilities where the energy sources are generated.

| 15 |

| INDEX |

| Risk                                                                                                                                           | Description                                                                                                                                                                | Time length (2)     |
| Market                                                                                                                                         | Increasing demand for energy and products with lower                                                                                                                       
 carbon intensity leading to a reduction in oil demand, a consequent decline in prices of fossil fuel products. Preference for fossil fuel                                  
 products with lower GHG intensity in production processes.                                                                                                                 
 In Brazil: the demand for our products may be affected,                                                                                                                    
 for example, by the increase in demand for alternative fuels, also stimulated by public policies such as the Fuel of the Future Law(1)                                     
 program, among others.                                                                                                                                                     | Medium to long-term |
| Technological                                                                                                                                  | Loss of competitiveness due to the non-implementation or implementation of inefficient or non-effective technologies to reduce emissions from our operations and products. | Medium to long-term |
| Regulatory                                                                                                                                     | Stricter regulations for controls over GHG emissions                                                                                                                       
 and other requirements related to climate change, which may cause operational restrictions and financial penalties for our activities.                                     
 In Brazil, one example is the regulation for the adoption                                                                                                                  
 of a carbon pricing instrument, considering Law No. 15,042 in 2024, which establishes the Brazilian Greenhouse Gas Emissions Trading System                                
 (SBCE), resulting in additional costs for our operations.                                                                                                                  | Medium to long-term |
| Legal and Reputational                                                                                                                         | Litigation and/or reputational damage due to non-compliance with climate commitments.                                                                                      | Medium-term         |
| (1) Legislation that aligns a series of initiatives                                                                                            
 to stimulate and guide the production of biofuels and reduce greenhouse gas (GHG) emissions, encompassing the National Program for Sustainable 
 Aviation Fuel (ProBioQAV), the National Green Diesel Program (PNDV), and the National