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Employee benefits (Tables)
 6 Months Ended
Jun. 30, 2024
Employee Benefits  
Schedule of employee benefits
   
  06.30.2024 12.31.2023
Liabilities    
Short-term employee benefits 1,418 1,986
Termination benefits 102 143
Post-employment benefits 14,620 16,382
Total 16,140 18,511
Current 2,299 2,932
Non-current 13,841 15,579
Schedule of short term employee benefits
   
  06.30.2024 12.31.2023
Variable compensation programs 193 464
Accrued vacation and 13th salary 683 574
Salaries and related charges and other provisions 248 343
Profit sharing 294 605
Total 1,418 1,986
Current 1,379 1,944
Non-current (1) 39 42
(1)  Remaining balance relating to the four-year deferral of 40% of the PPP portion of executive officers and the upper management.
Schedule of recognized the statement of income
       
Expenses recognized in the statement of income Jan-Jun/2024 Jan-Jun/2023 Apr-Jun/2024 Apr-Jun/2023
Salaries, accrued vacations and related charges (1,867) (1,604) (943) (857)
Variable compensation programs  (1) (179) (271) (100) (131)
Profit sharing (1) (311) (67) (135) (32)
Management fees and charges (7) (5) (4) (3)
Total (2,364) (1,947) (1,182) (1,023)
(1)  It includes adjustments to provisions related to previous years.
Schedule of post employment benefits
   
  06.30.2024 12.31.2023
Liabilities    
Health Care Plan - Saúde Petrobras 8,758 9,662
Petros Pension Plan - Renegotiated (PPSP-R) 3,665 4,221
Petros Pension Plan - Non-renegotiated (PPSP-NR) 1,170 1,338
Petros Pension Plan - Renegotiated - Pre-70 (PPSP-R Pre 70) 459 519
Petros Pension Plan - Non-renegotiated - Pre-70 (PPSP-NR Pre 70) 410 461
Petros 2 Pension Plan (PP-2) 158 181
Total 14,620 16,382
Current 885 907
Non-current 13,735 15,475
Schedule of change in the discount rate
           
  Discount Rate

Expected changes in medical and hospital costs

 

    Medical Benefits Medical Benefits
      +100 bps -100 bps +100 bps -100 bps
Pension Obligation     (896) 1,092 1,215 (1,003)
Current Service cost and interest cost     (25) 30 87 (71)
             

 
Schedule of reconciliation of deficit
   
  PPSP-R (1) PPSP-NR (1)
Deficit registered by Petros 353 101
Ordinary and extraordinary future contributions - sponsor 4,735 1,392
Contributions related to the TFC - sponsor 791 477
Financial assumptions (interest rate and inflation), changes in fair value of plan assets and actuarial valuation method (1,139) (171)
Net actuarial liability recorded by the Company 4,740 1,799
(1)  It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.
Schedule of changes in the actuarial liabilities
         
          2024
  Pension Plans Health Care Plan Total
  PPSP-R (1) PPSP-NR (1) Petros 2 Saúde Petrobras-AMS  
Balance at December 31, 2023 4,740 1,799 181 9,662 16,382
Recognized in the Statement of Income 210 80 7 1,838 2,135
Past service cost − − − 1,291 1,291
Current service cost 4 1 − 115 120
Net interest 206 79 7 432 724
Recognized in Equity - other comprehensive income − − − (1,265) (1,265)
Remeasurement effects  (2) − − − (1,265) (1,265)
Cash effects (215) (66) (6) (195) (482)
Contributions paid (201) (59) (6) (195) (461)
Payments related to Term of financial commitment (TFC) (14) (7) − − (21)
Other changes (611) (233) (24) (1,282) (2,150)
Translation Adjustment (611) (233) (24) (1,282) (2,150)
Balance at June 30, 2024 4,124 1,580 158 8,758 14,620
(1)  It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.
(2)  Effects of the intermediate remeasurement on the health care plan, which changed the benefit costing.

 

 

           
          2023
  Pension Plans

Health

Care Plan

 Total
  PPSP-R (1) PPSP-NR (1) Petros 2

Saúde

Petrobras-AMS

  
Balance at December 31, 2022 3,890 1,380 163 5,813 11,246
Recognized in the Statement of Income 242 82 15 420 759
Current service cost 5 1 5 71 82
Net interest 237 81 10 349 677
Recognized in Equity - other comprehensive income 109 − − − 109
Remeasurement effects (2) 109 − − − 109
Cash effects (198) (60) (3) (190) (451)
Contributions paid (184) (54) (3) (190) (431)
Payments related to Term of financial commitment (TFC) (14) (6) − − (20)
Other changes 334 116 14 493 957
Others − − − 1 1
Translation Adjustment 334 116 14 492 956
Balance at June 30, 2023 4,377 1,518 189 6,536 12,620
(1)  It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.
(2)  It relates to a complement of 2022.
Schedule of net expenses relating to benefit plans
         
    Pension Plans Health Care Plan Total
  PPSP-R (1) PPSP-NR (1) Petros 2 Saúde Petrobras
Related to active employees (cost of sales and expenses) (2) (19) (5) (1) (508) (533)
Related to retirees (other income and expenses) (3) (191) (75) (6) (1,330) (1,602)
Net costs for Jan-Jun/2024 (210) (80) (7) (1,838) (2,135)
Related to active employees (cost of sales and expenses) (24) (4) (7) (147) (182)
Related to retirees (other income and expenses) (218) (78) (8) (273) (577)
Net costs for Jan-Jun/2023 (242) (82) (15) (420) (759)
(1)  It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.
(2)  It includes the effects of the intermediate remeasurement on the health care plan, which changed the benefit costing by US$ 291.
(3)  It includes the effects of the intermediate remeasurement on the health care plan, which changed the benefit costing by US$ 1,000.
           
    Pension Plans Health Care Plan Total
  PPSP-R (1) PPSP-NR (1) Petros 2 Saúde Petrobras
Related to active employees (cost of sales and expenses) (2) (11) (3) − (395) (409)
Related to retirees (other income and expenses) (3) (92) (36) (3) (1,162) (1,293)
Net costs for Apr-Jun/2024 (103) (39) (3) (1,557) (1,702)
Related to active employees (cost of sales and expenses) (12) (2) (4) (75) (93)
Related to retirees (other income and expenses) (112) (40) (4) (140) (296)
Net costs for Apr-Jun/2023 (124) (42) (8) (215) (389)
(1)  It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.
(2)  It includes the effects of the intermediate remeasurement on the health care plan, which changed the benefit costing by US$ 291.
(3)  It includes the effects of the intermediate remeasurement on the health care plan, which changed the benefit costing by US$ 1,000.