Company: PBR
Filing Date: 2025-11-28
Form Type: 6-K
Source: 0001292814-25-004085
Chunk: 8

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-28
Form: 6-K
Chunk 8
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 Capacity Mbpd Capex full life BP 2025-29 US$ billion WI Petrobras Buzios 6 (P-78)
180 5.2 89% Búzios 7 (Alm. Tamandaré) 225 2.2 89% Búzios 8 (P-79) 180 5.7 89% Búzios 9 (P-80) 225 6.3 89%
Búzios 10 (P-82) 225 7.5 89% Búzios 11 (P-83) 225 6.8 89% Atapu 2 (P-84) 225 6.4 66% Sépia 2 (P-85) 225 4.7 55% Mero
4 (Alexandre de Gusmão) 180 1.3 39% Total 46.1 TOTALBP 2026-30 -2% US$ 45.2 billion Of the nine listed projects, three retain the
same bdgetin the 2026–30 Plan, one shows a 1.6% increase, and five deliver an average optimization of -3.7% High-return portfolio
IRR –AVERAGE INTERNAL RATE OF RETURN (US$ IN REAL TERMS) % 30 23 15 Exploration & Production Refining, Transportation and Marketing
Gas & Low Carbon Energies >10 31 • Transporte Marítimo • Transporte Terrestre • Comercialização
• Corporativo • Tarifa de movimentaçãode gás • Custode Produçãodo Óleoe Gás
• Custode Produçãodo Refino • CustoE&P nãoAssoc. à Produção • Demais G&EBC
• Outros Leaseexpenses ManagerialViewUS$65billion CorporateViewUS$65billion OPEX Base year 2024 US$ billion COGS Operating expenses
One-off events Depreciation Government Take Feedstock Flexibility MANAGEABLE OPERATING EXPENSES ANDLEASES1 US$ 19.5 billion 1Does not
consider leases in capex Others Commercialization Other Gas, Power Ground Transportation Refining Production Cost Non-production E&P
Cost Corporate Marine Transportation Gas Transportation Tariffs Oil & Gas Production Cost Manageable Operating ExpensesUS$ 17.2 billion
Manageable operating expenses: levers