Company: PBR
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001292814-25-002053
Chunk: 27

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-13
Form: 6-K
Chunk 27
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                                |
| Geological and geophysical expenses                                             |     |    -533 |                           -407 |
| Exploration expenditures written off (includes dry wells and signature bonuses) |     |  -1,202 |                           -248 |
| Contractual penalties on local content requirements                             |     |     -32 |                            -11 |
| Other exploration expenses                                                      |     |     -44 |                             -4 |
| Total expenses                                                                  |     |  -1,811 |                           -670 |
| Cash used in:                                                                   |     |         |                                |
| Operating activities                                                            |     |     577 |                            411 |
| Investment activities                                                           |     |   1,410 |                            630 |
| Total cash used                                                                 |     |   1,987 |                          1,041 |

20.1 Collateral for crude oil exploration
concession agreements

The Company has granted collateral to ANP in connection with
the performance of the Minimum Exploration Programs established in the concession agreements for petroleum exploration areas in the total
amount of R$ 7,742 (R$ 7,740 as of December 31, 2024), which is still in force as of March 31, 2025, net of commitments undertaken. As
of March 31, 2025, the collateral comprises future crude oil production capacity from Marlim and Buzios producing fields, already in production,
pledged as collateral, in the amount of R$ 7,670 (R$ 7,669 as of December 31, 2024) and bank guarantees of R$ 72 (R$ 71 as of December
31, 2024).

| 21. | Investments |

21.1 Changes in investment (Parent Company)

|                                            | Controlled companies | Joint operations | Jointly controlled companies | Associates 
        (1) |   Total |
| Balance at December 31, 2024               |              365,419 |              145 |                          124 |        710 | 366,398 |
| Investments                                |                   62 |                − |                           11 |          − |      73 |
| Restructuring, capital decrease and others |                 -110 |                − |                            − |          − |    -110 |
| Results of equity-accounted investments    |                4,941 |               11 |                           23 |        321 |   5,296 |
| Translation adjustment                     |              -27,152 |