Company: PBR
Filing Date: 2025-08-22
Form Type: 6-K
Source: 0001292814-25-003142
Chunk: 4

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-22
Form: 6-K
Chunk 4
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of income in Jan-Jun/2025 compared to US$ 8,808 million of expenses in Jan-Jun/2024) and lower expenses (US$ 7,775 million of
expenses in Jan-Jun/2025 compared to US$ 8,295 million of expenses in Jan-Jun/2024), partially offset by lower gross profit (US$ 20,400
million in Jan-Jun/2025 compared to US$ 23,984 million in Jan-Jun/2024) and higher income taxes expenses (US$ 4,765 million
of expenses in Jan-Jun/2025 compared to US$ 2,120 million of expenses in Jan-Jun/2024).

| 6 |

CAPITAL EXPENDITURES (CAPEX)

| CAPEX (US$ million)                    | Jan-Jun/2025 | Jan-Jun/2024 | Change (%) |
| Exploration and Production             |        7,224 |        5,239 |       37.9 |
| Refining, Transportation and Marketing |          916 |          809 |       13.2 |
| Gas and Low Carbon Energies            |          121 |          201 |      -39.8 |
| Corporate and Other businesses         |          235 |          187 |       25.7 |
| Total                                  |        8,496 |        6,436 |       32.0 |

In line with our Business Plan, our Capital Expenditures
were primarily directed toward investment projects which Management believes are most profitable, relating to oil and gas production.

In Jan-Jun/2025, Capital Expenditures in the E&P segment
totaled US$ 7,224 million, representing 85.0% of the CAPEX of the Company, a 37.9% increase when compared to US$ 5,239 million
in Jan-Jun/2024, mainly due to the development of large projects in the pre-salt layer of the Santos Basin, especially in the Búzios
and Atapu Fields. CAPEX in Jan-Jun/2025 were mainly concentrated on: (i) the development of production in the pre-salt layer of the Santos
Basin (US$ 3.7 billion); (ii) the development of production in the pre-salt and post-salt layers of the Campos Basin (US$ 1.5
billion); and (iii) exploratory investments (US$