Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 20

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 20
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| PN                     |   65 |   65 |
| APS                    |   72 |   58 |
| NZE                    |   42 |   25 |

According to the IEA, the APS scenario considers
that all climate commitments made by governments around the world, including Nationally Determined Contributions (NDCs), as well as long-term
net-zero targets, will be met in full and on time, with an increase of approximately 1.7C in temperature by 2100 (with a 50%
probability of occurrence). As for the NZE scenario, according to the IEA, it presents a pathway for the global energy sector to achieve
net-zero CO emissions by 2050, consistent with limiting the temperature increase to 1.5 °C (with at least a 50% probability
of occurrence).

The Business Plan also includes Company's actions
to achieve the carbon sustainability commitments, such as low-carbon Research and Development (R&D) projects and decarbonization projects
for operations. These actions aim to address transition risks as well as reflect climate opportunities.

The Company's accounting estimates did not incorporate
the effect of carbon pricing. Currently, due to uncertainties regarding the implementation and dynamics of the carbon market in Brazil,
the Company considers it necessary to await the regulation of Law No. 15,042 of 2024, which establishes the Brazilian Greenhouse Gas Emissions
Trading System (SBCE). This regulation will provide the necessary and sufficient details to reliably and reasonably assess the impact
on the cash flows of Petrobras's assets and its CGUs.

a.1) Potential effects on the value in use in impairment tests

When measuring the value in use of its assets,
the Company bases its cash flow projections on reasonable and supportable assumptions that represent management's best estimate of the
range of economic conditions.

A faster transition to a low-carbon economy than
projected in the Business Plan could result in Brent prices and demand for the Company’s products that are lower than the ones considered
to estimate the value in use of the Company’s assets for impairment testing purposes.

The reduction in the value in use of the Company's
assets may result in the recognition of losses due to the non-recoverability of the carrying amounts of these assets.

Given that the oil price is a variable that decisively
influences the recoverable amount of assets, the Company carried out a sensitivity analysis of the effect of using the Brent prices considered
in the APS and NZ