<SEC-DOCUMENT>0001292814-25-002246.txt : 20250528
<SEC-HEADER>0001292814-25-002246.hdr.sgml : 20250528
<ACCEPTANCE-DATETIME>20250527174147
ACCESSION NUMBER:		0001292814-25-002246
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250331
FILED AS OF DATE:		20250528
DATE AS OF CHANGE:		20250527

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PETROBRAS - PETROLEO BRASILEIRO SA
		CENTRAL INDEX KEY:			0001119639
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15106
		FILM NUMBER:		25990167

	BUSINESS ADDRESS:	
		STREET 1:		AVENIDA REPUBLICA DO CHILE 65
		CITY:			RIO DE JANERIO RJ BR
		STATE:			D5
		ZIP:			20035-900
		BUSINESS PHONE:		55-21-534-4477

	MAIL ADDRESS:	
		STREET 1:		AVENIDA REPUBLICA DO CHILE 65
		CITY:			RIO DE JANERIO RJ BR
		STATE:			D5
		ZIP:			20035-900

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRAZILIAN PETROLEUM CORP
		DATE OF NAME CHANGE:	20000717
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>pbr20250527_6k.htm
<DESCRIPTION>6-K
<TEXT>
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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-indent: 7.1pt">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>Washington, D.C.
20549</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>FORM 6-K</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">Report of Foreign Private
Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 of the</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">Securities Exchange
Act of 1934</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>For the month of
May, 2025</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>Commission File Number
1-15106</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>PETR&Oacute;LEO BRASILEIRO
S.A. &ndash; PETROBRAS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">(Exact name of registrant
as specified in its charter)</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 14pt">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>Brazilian Petroleum
Corporation &ndash; PETROBRAS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">(Translation of Registrant's
name into English)</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 14pt">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>Avenida Henrique Valadares, 28 &ndash; 9th floor&nbsp;<BR>
20231-030 &ndash; Rio de Janeiro, RJ<BR>
Federative Republic of Brazil</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">(Address of principal
executive office)</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">Indicate by check mark
whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">Form 20-F ___X___ Form
40-F _______</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">Indicate by check mark
whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt/11.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Yes _______ No___X____</P>

<P STYLE="font: 11pt/11.75pt Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

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<P STYLE="text-align: center; font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 8pt"></P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0">&nbsp;</P>

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  <TR>
    <TD>
    <P STYLE="font: 36pt Arial,sans-serif; margin: 0; color: #006298"><B>Financial Information</B></P>
    <P STYLE="font: 36pt Arial,sans-serif; margin: 0; color: #006298"><B>Jan-Mar/2025</B></P>
    <P STYLE="font: 28pt Petrobras Sans,sans-serif; margin: 0; color: #FDC82F"><B>&mdash;</B></P>
    <P STYLE="font: 22pt Petrobras Sans,sans-serif; margin: 0; color: #675C53"><I>&nbsp;</I></P></TD></TR>
  </TABLE>
<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 11pt/115% Calibri,sans-serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>B3: PETR3 (ON) | PETR4 (PN)</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>NYSE: PBR (ON) | PBRA (PN)</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>www.petrobras.com.br/ir</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>petroinvest@petrobras.com.br</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>+ 55 21 3224-1510</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>Disclaimer</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify; color: #767171"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; text-align: justify; margin-right: 0; margin-left: 0; color: #767171">This presentation
contains some financial indicators that are not recognized by GAAP or the IFRS Accounting Standards. The indicators presented herein do
not have standardized meanings and may not be comparable to indicators with a similar description used by others. We provide these indicators
because we use them as measures of company performance and liquidity; they should not be considered in isolation or as a substitute for
other financial metrics that have been disclosed in accordance with the IFRS Accounting Standards. See definitions of Adjusted EBITDA,
LTM Adjusted EBITDA, Adjusted Cash and Cash Equivalents, Net Debt, Gross Debt, Free Cash Flow, and Leverage in the Glossary and their
reconciliations in the sections Liquidity and Capital Resources, Reconciliation of LTM Adjusted EBITDA, Net Debt/LTM Adjusted EBITDA Metrics
and Consolidated Debt.</P>


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<P STYLE="font: 11pt/115% Calibri,sans-serif; margin: 0 0 10pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><B>TABLE OF CONTENTS</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="width: 90%; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_001">CONSOLIDATED RESULTS</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 10%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_002">Key Financial Information</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">4</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_003">Sales Revenues</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">4</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_004">Cost of Sales</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">5</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_005">Income (Expenses)</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">5</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_006">Net finance (expense) income</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">6</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_007">Income taxes</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">6</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_008">Net Income attributable to shareholders of Petrobras</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">6</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_009">CAPITAL EXPENDITURES (CAPEX)</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">7</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_010">LIQUIDITY AND CAPITAL RESOURCES</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">8</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_011">CONSOLIDATED DEBT</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">9</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><A HREF="#a_012">RECONCILIATION OF ADJUSTED EBITDA, LTM ADJUSTED EBITDA AND NET DEBT/LTM ADJUSTED EBITDA METRICS</A></P></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-left: 17.55pt; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_013">Adjusted EBITDA and Net cash provided by operating activities &ndash; OCF</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 17.55pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">10</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-left: 17.55pt; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_014">LTM Adjusted EBITDA</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-left: 17.55pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">11</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-bottom: 6pt; padding-left: 3.5pt; text-align: justify; font-family: Calibri,sans-serif; line-height: 115%"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_015">Adjusted Cash and Cash Equivalents, Gross Debt, Net Debt, Net Cash provided by Operating Activities (LTM OCF), LTM Adjusted EBITDA, Gross Debt Net of Cash and Cash Equivalents/LTM OCF and Net Debt/LTM Adjusted EBITDA Metrics</A>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">12</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_016">RESULTS BY OPERATING BUSINESS SEGMENTS</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_017">Exploration and Production (E&amp;P)</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif; text-indent: 22pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif">13</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_018">Refining, Transportation and Marketing</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">14</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 22pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_019">Gas and Low Carbon Energies</A><FONT STYLE="font-size: 9pt; background-color: white">&nbsp;</FONT></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">15</FONT></TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif"><A HREF="#a_020">GLOSSARY</A></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif">16</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 12pt Petrobras Sans,sans-serif; margin: 6pt 0; text-align: justify"><A NAME="a_001"></A>CONSOLIDATED RESULTS</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">The main functional currency of the Petrobras Group (the
&ldquo;Company&rdquo;) is the Brazilian real, which is the functional currency of the parent company and its Brazilian subsidiaries. As
the presentation currency of the Petrobras Group is the U.S. dollar, the results of operations in Brazilian reais are translated into
U.S. dollars using the average exchange rates prevailing during the period (average exchange rate of R$/US$&nbsp;5.85 in Jan-Mar/2025
compared to R$/US$&nbsp;4.95 in Jan-Mar/2024).</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B><A NAME="a_002"></A>Key Financial Information</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="white-space: nowrap; border-right: white 1pt solid; border-bottom: #006298 1pt solid; background-color: #006299; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #006298 1pt solid; white-space: nowrap; background-color: #006299; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #006298 1pt solid; white-space: nowrap; background-color: #006299; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024 </B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #006298 1pt solid; background-color: #006299; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>Change </B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>(%)</B></P></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sales revenues</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">21,073</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">23,768</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(11.3)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Cost of Sales</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(10,685)</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(11,511)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(7.2)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gross profit</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>10,388</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>12,257</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(15.2)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Income (expenses)</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(3,112)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(3,273)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(4.9)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net income attributable to the shareholders of Petrobras</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">5,974</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">4,782</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">24.9</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net cash provided by operating activities</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>8,498</B></FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>9,386</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(9.5)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Adjusted EBITDA</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>10,446</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>12,127</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(13.9)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average Brent crude (US$/bbl) <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">75.66</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">83.24</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(9.1)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average Domestic basic oil products price (US$/bbl)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">86.58</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">96.13</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(9.9)</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">(1) <FONT STYLE="color: windowtext">Source: Refinitiv.</FONT></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #006298 1pt solid; white-space: nowrap; background-color: #006299; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #006298 1pt solid; white-space: nowrap; background-color: #006299; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>03.31.2025</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: white 1pt solid; border-bottom: #006298 1pt solid; background-color: #006299; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>12.31.2024</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #006298 1pt solid; background-color: #006299; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>Change </B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>(%)</B></P></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gross Debt</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>64,491</B></FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>60,311</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>6.9</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net Debt</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>56,034</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black"><B>52,240</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>7.3</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net Debt/LTM Adjusted EBITDA ratio</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; white-space: nowrap; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1.45</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: black">1.29</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">12.4</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman,serif; white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="width: 64%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    </TR>
  </TABLE>
<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B><A NAME="a_003"></A>Sales Revenues</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006299 1pt solid; border-left: white 1pt solid; background-color: #365F91; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; background-color: #365F91; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; background-color: #365F91; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024 </B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; background-color: #365F91; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>Change </B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>(%)</B></P></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Diesel</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6,570</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">7,076</FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(7.2)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gasoline</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,964</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,205</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(7.5)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Liquefied petroleum gas (LPG)</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">733</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">758</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3.3)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Jet fuel</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,123</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,184</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(5.2)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Naphtha</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">410</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">427</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(4.0)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Fuel oil (including bunker fuel)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">165</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">344</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(52.0)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Other oil products</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">931</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,019</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(8.6)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Subtotal Oil Products</B></FONT></TD>
    <TD STYLE="border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>12,896</B></FONT></TD>
    <TD STYLE="border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>14,013</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(8.0)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Natural gas</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">885</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,322</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(33.1)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Crude oil</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,405</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,229</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">14.3 </FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Renewables and nitrogen products</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">53</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">31</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">71.0 </FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Breakage</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">48</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">140</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(65.7)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Electricity</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">139</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">128</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8.6 </FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Services, agency and others</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">166</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">247</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(32.8)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total domestic market</B></FONT></TD>
    <TD STYLE="border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>15,592</B></FONT></TD>
    <TD STYLE="border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>17,110</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(8.9)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Exports </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">5,369</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6,398</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(16.1)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Crude oil</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,810</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">4,911</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(22.4)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Fuel oil (including bunker fuel)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,184</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,322</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(10.4)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Other oil products and other products</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">375</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">165</FONT></TD>
    <TD STYLE="background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">127.3 </FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sales abroad <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">112</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">260</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(56.9)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total foreign market</B></FONT></TD>
    <TD STYLE="border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>5,481</B></FONT></TD>
    <TD STYLE="border-top: #006299 1pt solid; border-bottom: #006299 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>6,658</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(17.7)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Sales revenues</B></FONT></TD>
    <TD STYLE="border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>21,073</B></FONT></TD>
    <TD STYLE="border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>23,768</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(11.3)</B></FONT></TD>
    </TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 64%; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">(1) <FONT STYLE="color: windowtext">Sales revenues from
    operations outside of Brazil, including trading and excluding exports.</FONT></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0">&nbsp;</P></TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; font: 10pt Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; font: 10pt Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 12%; padding-right: 3pt; padding-left: 3pt; font: 10pt Times New Roman,serif">&nbsp;</TD>
    </TR>
  </TABLE>
<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Sales revenues were US$&nbsp;21,073 million
for the period Jan-Mar/2025, a 11.3% decrease (US$&nbsp;2,695 million) when compared to US$&nbsp;23,768 million for the period Jan-Mar/2024,
mainly due to:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Calibri,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 10pt">a US$&nbsp;1,117 million decrease
in domestic market oil products revenues, which derives from a US$&nbsp;1,453 million decrease in average domestic basic oil products
prices following the reduction in average international prices for diesel and gasoline, which was partially offset by a US$&nbsp;336 million
increase in sales volumes; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 0 35.7pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Calibri,sans-serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 10pt">a US$&nbsp;1,100 million decrease
in exported crude oil revenues, of which US$&nbsp;797 million relates to a decrease in sales volumes, and US$&nbsp;303 million relates
to a decrease in the average price of crude oil exports following the depreciation of average Brent crude prices.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B><A NAME="a_004"></A>Cost of Sales </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD COLSPAN="2" STYLE="border-top: white 1pt solid; border-right: white 1pt solid; border-left: white 1pt solid; font: 10pt Times New Roman,serif; background-color: #365F91; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-right: white 1pt solid; font: 10pt Times New Roman,serif; background-color: #365F91; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="border-top: white 1pt solid; border-right: white 1pt solid; font: 10pt Times New Roman,serif; background-color: #365F91; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; background-color: #365F91; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>Change </B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>(%)</B></P></TD>
    </TR>
  <TR>
    <TD STYLE="width: 63%; border-bottom: Black 1pt solid; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Raw material, products for resale, materials and third-party services<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(5,099)</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(5,929)</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(14.0)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>&nbsp;&nbsp;Acquisitions</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(3,579)</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(4,308)</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(16.9)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Crude oil imports</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,116)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,206)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(4.1)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Oil products imports</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,189)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,663)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(28.5)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Natural gas imports</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(274)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(439)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(37.6)</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>&nbsp;&nbsp;Third-party services and others</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(1,520)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(1,621)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(6.2)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Depreciation, depletion and amortization</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(2,513)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(2,649)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(5.1)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Production taxes</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(2,803)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(3,030)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(7.5)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Employee compensation</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(399)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(441)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(9.5)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Inventory turnover</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>129</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>538</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(76.0)</B></FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(10,685)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(11,511)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(7.2)</B></FONT></TD>
    </TR>
  <TR>
    <TD COLSPAN="5" STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 7pt; color: black">(1) It Includes short-term leases. </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Cost of sales was US$&nbsp;10,685 million
for the period Jan-Mar/2025, a 7.2% decrease (US$&nbsp;826 million) when compared to US$&nbsp;11,511 million for the period Jan-Mar/2024,
mainly due to a US$&nbsp;474 million decrease in oil products imports, which derives from a US$&nbsp;782 million decrease in average oil
products import prices following the reduction in average international prices, which was partially offset by a US$&nbsp;308 million increase
in import volumes.</P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B><A NAME="a_005"></A>Income (Expenses) </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 64%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006299 1pt solid; border-left: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>Change </B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>(%)</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Selling expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,090)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,333)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(18.2)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">General and administrative expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(444)</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(447)</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(0.7)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Exploration costs</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(313)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(135)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">131.9</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Research and development expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(202)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(183)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">10.4</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Other taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(123)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(140)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(12.1)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Impairment (losses) reversals, net</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(50)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">9</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Other income and expenses, net</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(890)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,044)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(14.8)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(3,112)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(3,273)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #006299 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(4.9)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 4pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Selling expenses were US$&nbsp;1,090 million
for the period Jan-Mar/2025, an 18.2% decrease (US$&nbsp;243 million) compared to US$&nbsp;1,333 million for the period Jan-Mar/2024,
mainly due to lower logistical expenses related to natural gas transportation and lower volumes of crude oil exports.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Exploration costs were US$&nbsp;313 million
for the period Jan-Mar/2025, a 131.9% increase (US$&nbsp;178 million) compared to US$&nbsp;135 million for the period Jan-Mar/2024, mainly
due to exploration expenditures written off related to blocks C-M-753 and C-M-789 in the Campos Basin, reflecting the assessment of the
projects' lack of economic feasibility, which resulted in the decision not to proceed with their development.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-align: justify">Other income and expenses, net was a US$&nbsp;890
million expense in Jan-Mar/2025, a 14.8% decrease (US$&nbsp;154 million) compared to a US$&nbsp;1,044 million expense for the period Jan-Mar/2024,
mainly due to (i) higher income from early termination and changes to cash flow estimates of leases (a US$&nbsp;157 million income in
Jan-Mar/2025 compared to a US$&nbsp;69 million income in Jan-Mar/2024), and (ii) lower losses with legal, administrative and arbitration
proceedings (a US$&nbsp;201 million expense in Jan-Mar/2025 compared to a US$&nbsp;281 million expense in Jan-Mar/2024).</P>


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<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B><A NAME="a_006"></A>Net finance (expense) income </B></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: #365F91">
    <TD STYLE="width: 64%; border-top: white 1pt solid; border-right: white 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: white 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: white 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>Change </B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: center; color: white"><B>(%)</B></P></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; border-top: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Finance income</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>297</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>552</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(46.2)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Income from investments and marketable securities (Government Bonds) </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">223</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">432</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(48.4)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Other finance income</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">74</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">120</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(38.3)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Finance expenses</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(983)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(1,072)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(8.3)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Interest on finance debt</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(466)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(554)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(15.9)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Unwinding of discount on lease liability</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(622)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(547)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">13.7</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Capitalized borrowing costs</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">449</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">376</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">19.4</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Unwinding of discount on the provision for decommissioning costs</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(319)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(272)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">17.3</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Other finance expenses </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(25)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(75)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(66.7)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Foreign exchange gains (losses) and indexation charges</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>2,434</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(1,419)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>-</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Foreign exchange gains (losses) </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,036</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(881)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Real x U.S. dollar</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,077</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(912)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Other currencies</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(41)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">31</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Reclassification of hedge accounting to the Statement of Income</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(722)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(697)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3.6</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-indent: 9pt">Indexation to the Selic interest rate of anticipated dividends
    and dividends</P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-indent: 9pt">payable</P></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: right">(64)</P></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: right">&nbsp;</P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: right">(70)</P></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(8.6)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Recoverable taxes inflation indexation income </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">58</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">49</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">18.4</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Other foreign exchange gains and indexation charges, net </FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">126</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">180</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(30.0)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-indent: 9pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>1,748</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(1,939)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>-</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">Net finance (expense) income was a income of US$&nbsp;1,748
million for the period Jan-Mar/2025, an increase of US$&nbsp;3,687 million compared to an expense of US$&nbsp;1,939 million for the period
Jan-Mar/2024, mainly due to a foreign exchange gain of US$&nbsp;3,077 million in Jan-Mar/2025, as compared to a US$&nbsp;912 million loss
in Jan-Mar/2024 reflecting a 7.3% appreciation of the real/US$&nbsp;exchange rate in Jan-Mar/2025 (03/31/2025: R$ 5.74/US$, 12/31/2024:
R$ 6.19/US$) compared to a 3.2% depreciation in Jan-Mar/2024 (03/31/2024: R$ 5.00/US$, 12/31/2023: R$ 4.84/US$).</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B><A NAME="a_007"></A>Income taxes</B></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">Income tax was an expense of US$&nbsp;3,111 million in
Jan-Mar/2025, compared to an expense of US$&nbsp;2,147 million in Jan-Mar/2024. The increase was mainly due to higher net income before
income taxes (US$&nbsp;9,106 million of income in Jan-Mar/2025 compared to a US$&nbsp;6,952 million income in Jan-Mar/2024), resulting
in nominal income taxes computed based on Brazilian statutory corporate tax rates (34%) of US$&nbsp;3,096 million in Jan-Mar/2025 compared
to a US$&nbsp;2,363 million in Jan-Mar/2024.</P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B><A NAME="a_008"></A>Net Income attributable to shareholders of Petrobras
</B></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 6pt 0; text-align: justify">Net income attributable to shareholders of Petrobras
was US$&nbsp;5,974 million for the period Jan-Mar/2025, a US$&nbsp;1,192 million increase compared to a net income attributable to shareholders
of Petrobras of US$&nbsp;4,782 million for the period Jan-Mar/2024, as explained above, mainly due to higher net finance income (US$&nbsp;1,748
million of income in Jan-Mar/2025 compared to US$&nbsp;1,939 million of expenses in Jan-Mar/2024) and lower expenses (US$&nbsp;3,112 million
of expenses in Jan-Mar/2025 compared to US$&nbsp;3,273 million of expenses in Jan-Mar/2024), partially offset by lower gross profit (US$&nbsp;10,388
million in Jan-Mar/2025 compared to US$&nbsp;12,257 million in Jan-Mar/2024) and higher income tax expenses (US$&nbsp;3,111 million of
expenses in Jan-Mar/2025 compared to US$&nbsp;2,147 million of expenses in Jan-Mar/2024).<BR STYLE="clear: both">
</P>


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<P STYLE="font: bold 12pt Petrobras Sans,sans-serif; margin: 6pt 0; text-align: justify"><A NAME="a_009"></A>CAPITAL EXPENDITURES (CAPEX)</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: #365F91">
    <TD STYLE="width: 64%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>CAPEX (US$&nbsp;million)</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Exploration and Production </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,502</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,472</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">41.7</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Refining, Transportation and Marketing</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">405</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">362</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">11.9</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gas and Low Carbon Energies</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">55</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">108</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(49.1)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Corporate and Other businesses</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">104</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">101</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3.0</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total </B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>4,066</B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>3,043</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">33.6</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">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.</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">In Jan-Mar/2025, Capital Expenditures in the E&amp;P
segment totaled US$&nbsp;3,502 million, representing 86.1% of the CAPEX of the Company, a 41.7% increase when compared to US$&nbsp;2,472
million in Jan-Mar/2024, mainly due to the development of large projects in the pre-salt layer of the Santos Basin, especially in the
B&uacute;zios and Atapu Fields. CAPEX in Jan-Mar/2025 were mainly concentrated on: (i) the development of production in the pre-salt
layer of the Santos Basin (US$&nbsp;2.0 billion); (ii) the development of production in the pre-salt and post-salt layers of the Campos
Basin (US$&nbsp;2.1 billion); and (iii) exploratory investments (US$&nbsp;0.3 billion).</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: bold 11pt Petrobras Sans,sans-serif; margin: 0 0 12pt"><A NAME="a_010"></A>LIQUIDITY AND CAPITAL RESOURCES</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: #365F91">
    <TD STYLE="width: 76%; border-left: white 1pt solid; font: 10pt Times New Roman,serif; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: white 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: white 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Adjusted Cash and Cash Equivalents at the beginning of the period</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>8,071</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>17,902</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Government bonds, bank deposit certificates and time deposits with maturities of more than three months at the beginning of the period </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(4,800)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(5,175)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Cash and cash equivalents at the beginning of the period</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>3,271</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>12,727</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net cash provided by operating activities</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>8,498</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>9,386</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Acquisition of PP&amp;E and intangibles assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3,962)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,838)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Acquisition of equity interests</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Proceeds from disposal of assets &ndash; (Divestments)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">463</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">569</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Financial compensation from co-participation agreement</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">355</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">397</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Dividends received</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">7</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">24</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Divestment (Investment) in marketable securities</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,370</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,475)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net cash used in investing activities</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: right"><B>(1,767)</B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: right"><B>&nbsp;</B></P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt">
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: right"><B>(3,324)</B></P>
    <P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: right"><B>&nbsp;</B></P></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(=) Net cash provided by operating and investing activities</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>6,731</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>6,062</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 30pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Proceeds from finance debt</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">500</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 30pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Repayments of finance debt</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(969)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,601)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net change in finance debt</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(469)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,599)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Repayment of lease liability</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,094)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,918)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Dividends paid to shareholders of Petrobras </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,882)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3,455)</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Dividends paid to non-controlling interest</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(26)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(57)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Share repurchase program </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(232)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 20pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Changes in non-controlling interest</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">39</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">93</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net cash used in financing activities</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(5,432)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(7,168)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Effect of exchange rate changes on cash and cash equivalents</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">125</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(74)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Cash and cash equivalents at the end of the period</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>4,695</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>11,547</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Government bonds, bank deposit certificates and time deposits with maturities of more than three months at the end of the period&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,762</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6,645</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Adjusted Cash and Cash Equivalents at the end of the period</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>8,457</B></FONT></TD>
    <TD STYLE="border-top: #006298 1pt solid; border-bottom: #006298 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>18,192</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Reconciliation of Free Cash Flow</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net cash provided by operating activities</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8,498</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">9,386</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Acquisition of PP&amp;E and intangible assets</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3,962)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2,838)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Acquisition of equity interests</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Free Cash Flow <SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="border-bottom: #006298 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>4,536</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: #006298 1.5pt outset; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>6,547</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">(1) Free Cash Flow (FCF) is in accordance with the new
Shareholder Remuneration Policy (&ldquo;Policy&rdquo;), approved in July 2023, which is the result of the equation: FCF = net cash provided
by operating activities less the sum of acquisition of PP&amp;E and intangible assets and acquisition of equity interests.</P>

<P STYLE="font: 5pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9.5pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">As of March 31, 2025, Cash and cash equivalents
amounted to US$&nbsp;4,695 million and Adjusted Cash and Cash Equivalents totaled US$&nbsp;8,457 million.</P>

<P STYLE="font: 9.5pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">The three-month period ended March 31, 2025 had
net cash provided by operating activities of US$&nbsp;8,498 million and positive Free Cash Flow of US$&nbsp;4,536 million. This level
of cash generation, together with proceeds from disposal of assets (divestments) of US$&nbsp;463 million, financial compensation from
co-participation agreements of US$&nbsp;355 million, dividends received of US$&nbsp;7 million, divestment in marketable securities of
US$&nbsp;1,370 million and proceeds from finance debt of US$&nbsp;500 million, were allocated to: (a) debt prepayments and payments of
principal and interest due in the period of US$&nbsp;969 million; (b) repayment of lease liability of US$&nbsp;2,094 million; (c) dividends
paid to shareholders of Petrobras of US$&nbsp;2,882 million; and (d) acquisition of PP&amp;E and intangibles assets of US$&nbsp;3,962
million.</P>

<P STYLE="font: 9.5pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify">In the three-month period ended March 31, 2025,
the Company repaid several finance debts, in the amount of US$&nbsp;969 million.</P>

<P STYLE="font: 9.5pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify">In the three-month period ended March 31, 2025,
the Company raised US$&nbsp;500 million, notably a long term proceeds in the domestic banking market, in the amount of US$&nbsp;495 million.</P>


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<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 11pt Petrobras Sans,sans-serif; margin: 0 0 12pt"><A NAME="a_011"></A>CONSOLIDATED DEBT</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: #365F91">
    <TD STYLE="width: 64%; border: white 1pt solid; font: 10pt Times New Roman,serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Debt (US$&nbsp;million)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 10pt Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>03.31.2025</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 10pt Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>12.31.2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 10pt Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Capital Markets</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">14,557</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">14,490</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">0.5</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Banking Market</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">7,247</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6,519</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">11.2</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Development banks</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">538</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">508</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">5.9</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Export Credit Agencies</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,356</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,508</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(10.1)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 10pt; text-indent: 0.4pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Others</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">135</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">137</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1.5)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Finance debt</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>23,833</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>23,162</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>2.9</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Lease liability</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>40,658</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>37,149</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>9.4</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Gross Debt</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>64,491</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>60,311</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>6.9</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Adjusted Cash and Cash Equivalents</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8,457</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8,071</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">4.8</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net Debt</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>56,034</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>52,240</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>7.3</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Leverage: Net Debt / (Net Debt + Market Capitalization) </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">39%</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">39%</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average interest rate (% p.a.)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6.9</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">6.8</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1.5</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Weighted average maturity of outstanding debt (years)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">12.19</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">12.52</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2.6)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 12pt; text-align: justify">As of March 31, 2025, the Company has maintained
its liability management strategy to improve the debt profile and to adapt to the maturity terms of the Company&rsquo;s long-term investments.</P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-size: 10pt">Gross Debt increased
6.9% (US$&nbsp;4,180 million) to US$&nbsp;64,491 million as of March 31, 2025 from US$&nbsp;60,311 million as of December 31, 2024, due
to: (i) higher lease liabilities in the period (a US$&nbsp;3,509 million increase), primarily driven by the start-up of the leased FPSO
Almirante Tamandar&eacute; (B&uacute;zios 7) and the extension of the FPSO Cidade de Angra dos Reis agreement through 2030; and to (ii)
higher finance debt (a US$&nbsp;671 million increase), mainly due to the </FONT><FONT STYLE="font-size: 9.5pt">long term proceeds raised
in the domestic banking market, in the amount of US$&nbsp;495 million</FONT><FONT STYLE="font-size: 10pt">. Gross Debt was maintained
lower than the maximum level of US$&nbsp;75,000 million, with convergence to the level of US$&nbsp;65,000 million defined in the 2025-2029
Business Plan, mainly due to debt prepayments and scheduled repayments. </FONT></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">As of March 31, 2025, Net Debt increased by 7.3%
(US$&nbsp;3,794 million), reaching US$&nbsp;56,034 million, compared to US$&nbsp;52,240 million as of December 31, 2024, mainly due to
a US$&nbsp;3,509 million increase in lease liabilities in the period.</P>


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<P STYLE="font: bold 11pt Petrobras Sans,sans-serif; margin: 0; text-indent: 0in"><A NAME="a_012"></A>RECONCILIATION OF ADJUSTED EBITDA, LTM ADJUSTED EBITDA
AND NET DEBT/LTM ADJUSTED EBITDA METRICS</P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">LTM Adjusted EBITDA reflects the sum of the last
twelve months of Adjusted EBITDA, which is computed by using the net income before net finance (expense) income, income taxes, depreciation,
depletion and amortization adjusted by items not considered part of the Company&rsquo;s primary business, which include results in equity-accounted
investments, results on disposal and write-offs of assets, impairment and results from co-participation agreements in bid areas.&#9;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">LTM Adjusted EBITDA represents an alternative to the Company's
operating cash generation. This measure is used to calculate the metric Net Debt/LTM Adjusted EBITDA, to support management&rsquo;s assessment
of liquidity and leverage.</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-indent: 28.35pt"><B><A NAME="a_013"></A>Adjusted EBITDA and Net cash provided
by operating activities &ndash; OCF </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: #365F91">
    <TD STYLE="width: 64%; border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; border-right: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-right: white 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net income </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">5,995</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">4,805</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">24.8</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net finance income (expense)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,748)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,939</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Income taxes</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,111</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,147</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">44.9</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Depreciation, depletion and amortization</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,247</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,362</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3.4)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Results in equity-accounted investments</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(82)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">93</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Impairment losses (reversals)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">50</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(9)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Results on disposal/write-offs of assets </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(57)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(162)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(64.8)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Results from co-participation agreements in bid areas</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(70)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(48)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">45.8</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Adjusted EBITDA</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>10,446</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>12,127</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(13.9)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Allowance (reversals) for credit loss on trade and other receivables</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(20)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">30</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Trade and other receivables</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">172</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">604</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(71.5)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Inventories</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(359)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(627)</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(42.7)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Trade payables</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(539)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">407</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Taxes payable</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1,466)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3,143)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(53.3)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Others</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">264</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(12)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net cash provided by operating activities &ndash; OCF</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>8,498</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>9,386</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(9.5)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><B>&nbsp;</B></P>


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<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-indent: 28.35pt"><B><A NAME="a_014"></A>LTM Adjusted EBITDA and LTM Net cash provided
by operating activities &ndash; OCF </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Times New Roman,serif; background-color: #006298; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 12pt; color: white"><B><SUP>US$&nbsp;million</SUP></B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Last twelve months (LTM) at</FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DBDBDB">
    <TD STYLE="width: 48%; font: 10pt Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 10%; border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">03.31.2025</FONT></TD>
    <TD STYLE="border-bottom: rgb(31,73,125) 1.5pt outset; vertical-align: bottom; width: 10%; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">12.31.2024</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Apr-Jun/2024</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Jul-Sep/2024</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Oct-Dec/2024</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 8%; border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Jan-Mar/2025</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Net income (loss)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">8,795</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">7,605</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(325)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">5,891</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(2,766)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">5,995</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Net finance (expense) income </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">11,420</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">15,107</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">6,869</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">281</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">6,018</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(1,748)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Income taxes</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">4,501</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">3,537</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(27)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">2,205</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(788)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">3,111</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #DBDBDB; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Depreciation, depletion and amortization</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">12,364</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">12,479</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">3,138</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">2,983</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">2,996</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; background-color: #D9D9D9; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">3,247</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Results in equity-accounted investments</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">452</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">627</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">188</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">23</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">323</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(82)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Impairment losses (reversals)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">1,590</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">1,531</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(37)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">1,577</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">50</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Results on disposal/write-offs of assets </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(123)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(228)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(124)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">97</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(39)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(57)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Results from co-participation agreements in bid areas</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(281)</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(259)</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(55)</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(156)</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(70)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>Adjusted EBITDA</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>38,718</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>40,399</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>9,627</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>11,480</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>7,165</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>10,446</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Allowance (reversals) for credit loss on trade and other receivables</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">210</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">260</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">18</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">6</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">206</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(20)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Trade and other receivables</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">1,390</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">1,822</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">855</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">163</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">200</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">172</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Inventories</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(27)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(295)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">272</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">59</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(359)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Trade payables</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">40</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">986</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(165)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">392</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">352</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(539)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Taxes payable</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(8,218)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(9,895)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(3,440)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(1,180)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(2,132)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">(1,466)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">Others</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">4,983</FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">4,707</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">1,920</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">445</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">2,354</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt">264</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>Net cash provided by operating activities - OCF</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>37,096</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>37,984</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>9,087</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>11,307</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>8,204</B></FONT></TD>
    <TD STYLE="border-bottom: #1F497D 1.5pt outset; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 8pt"><B>8,498</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; text-indent: 28.35pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><B>&nbsp;</B></P>


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<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify"><B><A NAME="a_015"></A>Adjusted Cash and Cash Equivalents, Gross
Debt, Net Debt, Net Cash provided by Operating Activities (LTM OCF), LTM Adjusted EBITDA, Gross Debt Net of Cash and Cash Equivalents/LTM
OCF and Net Debt/LTM Adjusted EBITDA Metrics </B></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">The Net Debt/LTM Adjusted EBITDA metric is an important
metric that supports our management in assessing the liquidity and leverage of Petrobras Group. This ratio is an important measure for
management to assess the Company&rsquo;s ability to pay off its debt, mainly because our Business Plan 2025-2029 defines US$&nbsp;75 billion
as the maximum level for our Gross Debt, with convergence to the level of US$&nbsp;65 billion.</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">The following table presents the reconciliation
of this metric to the most directly comparable measure derived from the IFRS Accounting Standards captions, which is in this case the
Gross Debt Net of Cash and Cash Equivalents/Net Cash provided by operating activities ratio:</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman,serif; background-color: #365F91; text-align: center"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 12pt; color: white"><B>US$&nbsp;million</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 76%; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="width: 12%; font: 10pt Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 12%; font: 10pt Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="background-color: #365F91">
    <TD STYLE="font: 10pt Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>03.31.2025</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>12.31.2024</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Cash and cash equivalents</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">4,695</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,271</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Government bonds, bank deposit certificates and time deposits (maturity of more than three months)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3,762</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">4,800</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Adjusted Cash and Cash equivalents</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>8,457</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>8,071</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Finance debt</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">23,833</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">23,162</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Lease liability</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">40,658</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">37,149</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Current and non-current debt - Gross Debt</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>64,491</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>60,311</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net Debt</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>56,034</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>52,240</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net cash provided by operating activities - LTM OCF</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,096 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,984 </B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Allowance for credit loss on trade and other receivables</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(210)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(260)</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Trade and other receivables</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,390)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,822)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Inventories</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27 </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295 </FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Trade payables</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(986)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Taxes payable</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,218 </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,895 </FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Others</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,983)</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,707)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>LTM Adjusted EBITDA</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,718 </B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40,399 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Gross Debt net of cash and cash equivalents/LTM OCF ratio</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>1.61</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>1.50</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Net Debt/LTM Adjusted EBITDA ratio</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>1.45</B></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>1.29</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>




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<P STYLE="font: 12pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify"><B><A NAME="a_016"></A>RESULTS BY OPERATING BUSINESS SEGMENTS </B></P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><B><A NAME="a_017"></A>Exploration and Production (E&amp;P)</B></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Financial information</B></P>

<P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 64%; border-left: white 1pt solid; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sales revenues</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">15,067</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">16,077</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(6.3)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gross profit</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8,270</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">9,463</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(12.6)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Income (Expenses)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(738)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(630)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">17.1 </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Operating income </FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">7,532</FONT></TD>
    <TD STYLE="white-space: nowrap; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8,833</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(14.7)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net income attributable to the shareholders of Petrobras</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">4,987</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">5,846</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(14.7)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Average Brent crude (US$/bbl)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>75.66</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>83.24</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(9.1)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Production taxes &ndash; Brazil</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>2,800</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>2,981</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(6.1)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Royalties</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,805</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,871</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3.5)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Special Participation</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">987</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,101</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(10.4)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;Retention of areas</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">8</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">9</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(11.1)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 1pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt; color: white"><B><SUP>[1]</SUP></B></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">In the period Jan-Mar/2025, the gross profit for
the E&amp;P segment was US$&nbsp;8,270 million, a decrease of 12.6% compared to the period Jan-Mar/2024, mainly due to the reduction in
sales revenues which reflect lower Brent prices, in addition to decreased crude oil and NGL production.</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">Operating income was US$&nbsp;7,532&nbsp;million
in the Jan-Mar/2025 period, a decrease of 14.7% compared to the period Jan-Mar/2024, mainly due to exploration expenditures written off
related to blocks C-M-753 and C-M-789 in the Campos Basin, reflecting the assessment of the projects' lack of economic feasibility, which
resulted in the decision not to proceed with their development.</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">In the period Jan-Mar/2025, the production taxes
were US$&nbsp;2,800 million, a decrease of 6.1% compared to the period from Jan-Mar/2024 caused primarily by the lower prices.</P>

<P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Operational information </B></P>

<P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 64%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Production in thousand barrels of oil equivalent per day (mboed)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Crude oil, NGL and natural gas &ndash; Brazil</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,740</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,742</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(0.1)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Crude oil and NGL (mbbl/d)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,214</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,236</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(1.0)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 10pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Natural gas (mboed)</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">526</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">507</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3.7</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Crude oil, NGL and natural gas &ndash; Abroad</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">31</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">33</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(6.1)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; border-bottom: #006299 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>Total (mboed)</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>2,771</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #006299 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>2,776</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt"><B>(0.2)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">Production of crude oil, NGL and natural gas was
2,771 mboed in the period Jan-Mar/2025, representing a decrease of 0.2% compared to Jan-Mar/2024,&nbsp;mainly due natural decline of mature
fields in the Campos and Santos Basins, lower operational efficiency in the Campos Basin, in addition to the&nbsp;decommissioning of the
FPSO Cidade de Niter&oacute;i and Cidade de Santos platforms. Partially offset&nbsp;by the lower volume of losses from maintenance outages,
start-up of new wells from complementary projects in the Campos and Santos Basins, start of production of the FPSO Almirante Tamandar&eacute;,
the increase in capacity of the FPSO P-71 and the ramp-up of the FPSOs Sepetiba, Maria Quit&eacute;ria and Marechal Duque de Caxias.</P>



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<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B><A NAME="a_018"></A>Refining, Transportation and Marketing</B></P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Financial information</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 64%; border-left: white 1pt solid; border-right: white 1pt solid; border-bottom: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sales revenues</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">19,989</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">22,190</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(9.9)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gross profit</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,211</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,207</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(45.1)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Income (Expenses)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(736)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(836)</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(12.0)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Operating income </FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">475</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,371</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(65.4)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net income attributable to the shareholders of Petrobras</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">367</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">775</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(52.6)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average refining cost (US$&nbsp;/ barrel) &ndash; Brazil</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2.62</FONT></TD>
    <TD STYLE="white-space: nowrap; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2.63</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(0.4)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average domestic basic oil products price (US$/bbl)</FONT></TD>
    <TD STYLE="border-bottom: #006299 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">86.58</FONT></TD>
    <TD STYLE="border-bottom: #006299 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">96.13</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: #006299 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(9.9)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 12pt 0">In the period Jan-Mar/2025, Refining, Transportation and Marketing
gross profit was US$&nbsp;996 million lower than in the period Jan-Mar/2024 mainly due to a decrease in international margins, especially
diesel and gasoline.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 12pt 0">The decrease in operating income for the period Jan-Mar/2025 reflects
the reduction in gross profit, partially offset by lower selling expenses, which were higher in the period Jan-Mar/2024 due to the greater
volume of oil exported.</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">The average refining cost in the period Jan-Mar/2025 was
US$&nbsp;2.62/bbl, 0.4% lower than in the period Jan-Mar/2024, with effects of a relatively devalued local currency in 2025 reducing the
costs in dollar terms mainly in personnel, compensated by higher investments in maintenance and revitalization activities in our refineries.</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Operational information </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 64%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Thousand barrels per day (mbbl/d)</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Total production volume </FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,706</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,753</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2.7)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Domestic sales volume</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,696</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,648</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2.9</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Crude distillation capacity</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,813</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,813</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Refining plants utilization factor <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">90%</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">92%</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(2.0)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average crude oil throughput</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,618</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,628</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(0.6)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average NGL throughput</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">44</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">48</FONT></TD>
    <TD STYLE="padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(8.3)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="border-bottom: #006298 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Domestic crude oil over average crude oil throughput <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">92%</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">91%</FONT></TD>
    <TD STYLE="border-bottom: #006298 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1.0</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 7pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">(1) Changes presented in percentage points.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">Domestic sales in the period Jan-Mar/2025 were
1,696 mbbl/d, an increase of 2.9% compared to the period Jan-Mar/2024.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">Gasoline sales volume increased 3.1% in Jan-Mar/2025
compared to Jan-Mar/2024 mainly due to the lower competitiveness in price of hydrous ethanol compared to gasoline. Diesel sales volume
increased 6.2% between periods, driven by stronger economic activity and a rise in soybean and corn harvests.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">Total production of oil products for the period
Jan-Mar/2025 was 1,706 mbbl/d, 2.7% lower than Jan-Mar/2024. In the first three months of 2025 the utilization factor of our refineries
was lower than in the same period of the previous year, mainly due to the turnaround at RNEST refinery, which was performed in the period
from January to March 2025.</P>


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<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Petrobras Sans,sans-serif; margin: 0 0 10pt"><B><A NAME="a_019"></A>Gas and Low Carbon Energies&nbsp; </B></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Financial information</B></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: #006299">
    <TD STYLE="width: 74%; border-left: white 1pt solid; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>US$&nbsp;million</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #006298 1pt solid; border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #006298 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sales revenues</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,860</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">2,422</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(23.2)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Gross profit</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">735</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,245</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(41.0)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Income (expenses)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(779)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(889)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(12.4)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Operating income (loss)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(44)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">356</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Net income (loss) attributable to the shareholders of Petrobras</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(28)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">242</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Average natural gas sales price &ndash; Brazil (US$/bbl)</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">56.75</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">67.88</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(16.4)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">In Jan-Mar/2025, the sales revenues reduction in relation
to Jan-Mar/2024 was due to the lower average natural gas sales price due to the drop in the Brent price, the lower volume of natural gas
sold to non-thermoelectric segment, the entry of new agents in this market and the expiration of thermal availability contracts.</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">The lower operating income in Jan-Mar/2025 compared to
Jan-Mar/2024 is mainly due to the lower gross profit despite lower sales expenses.</P>

<P STYLE="font: 10pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>Operational information </B></P>

<P STYLE="font: 11pt Petrobras Sans,sans-serif; margin: 0"><B>&nbsp;</B></P>

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  <TR STYLE="background-color: #365F91">
    <TD STYLE="width: 64%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt">&nbsp;</TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2025</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Jan-Mar/2024</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt; color: white"><B>Change (%)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sale of Thermal Availability at Auction (ACR)- Average MW</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">714</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1,186</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(39.8)</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Sale of electricity - average MW </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">606</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">442</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">37.1</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">National gas delivered - million m&sup3;/day</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">29</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">30</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(3.3)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Regasification of liquefied natural gas - million m&sup3;/day</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">1</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(66.7)</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman,serif; padding-right: 3pt; padding-left: 3pt"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">Import of natural gas from Bolivia - million m&sup3;/day</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">11</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">15</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 3pt; padding-left: 3pt; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Petrobras Sans,sans-serif; font-size: 9pt">(26.7)</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">In Jan-Mar/2025, Petrobras thermal availability
sales decreased by 39.8% compared to Jan-Mar/2024, due to the expiration of contracts. In the same period, energy sales increased by 37.1%
due to a less favorable hydrological scenario and with the increase in electricity export opportunities.</P>

<P STYLE="font: 10pt/115% Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">On the natural gas supply side, domestic gas
production in Jan-Mar/2025 remained stable compared to Jan-Mar/2024, operational events mitigated the effect of the greater availability
of gas from Route 3 pipeline. As a result of lower demand, there was a decrease in natural gas imports.</P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 6pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"></P>

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  <TD STYLE="width: 48%">
<P STYLE="font: bold 11pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><A NAME="a_020"></A>GLOSSARY</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>ACL - </B><I>Ambiente de Contrata&ccedil;&atilde;o
Livre</I> (Free contracting market) in the electricity system.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>ACR - </B><I>Ambiente de Contrata&ccedil;&atilde;o
Regulada</I> (Regulated contracting market) in the electricity system.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Adjusted Cash and Cash Equivalents - </B>Sum of
cash and cash equivalents, government bonds, bank deposit certificates and time deposits with maturities of more than 3 months from the
date of acquisition, considering the expected realization of those financial investments in the short-term. This measure is not defined
under the IFRS Accounting Standards and should not be considered in isolation or as a substitute for cash and cash equivalents computed
in accordance with the IFRS Accounting Standards. It may not be comparable to adjusted cash and cash equivalents of other companies. However,
management believes that it is an appropriate supplemental measure to assess our liquidity and supports leverage management and uses this
measure in the calculation of Net Debt.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify"><B>Adjusted EBITDA </B>Net income plus net finance (expense)
income; income taxes; depreciation, depletion and amortization; results in equity-accounted investments; impairment; results on disposal/write-offs
of assets; and results from co-participation agreements in bid areas. Adjusted EBITDA is not a measure defined by the IFRS Accounting
Standards and it is possible that it may not be comparable to similar measures reported by other companies. However, management believes
that it is an appropriate supplemental measure to assess our liquidity and supports leverage management.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>ANP - </B>Brazilian National Petroleum, Natural
Gas and Biofuels Agency.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Average Domestic basic oil products price (US$/bbl)</B>
- represents Petrobras' domestic sales revenues per unit of basic oil products, which are: diesel, gasoline, LPG, jet fuel, naphtha and
fuel oil.</P>

<P STYLE="font: 8pt/115% Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Capital Expenditures &ndash;</B> Capital
expenditures based on the cost assumptions and financial methodology adopted in our Business Plan, which include acquisition of PP&amp;E
and intangible assets, acquisition of equity interests, as well as other items that do not necessarily qualify as cash flows used in investing
activities, comprising geological and geophysical expenses, research and development expenses, pre-operating charges, purchase of property,
plant and equipment on credit and borrowing costs directly attributable to works in progress.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>CTA</B> &ndash; Cumulative translation adjustment
&ndash; The cumulative amount of exchange variation arising on translation of foreign operations that is recognized in Shareholders&rsquo;
Equity and will be transferred to profit or loss on the disposal of the investment.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Effect of average cost in the Cost of Sales</B>
&ndash; In view of the average inventory term of 60 days, the crude oil and oil products international prices movement, as well as foreign
exchange effect over imports, production taxes and other factors that impact costs, do not entirely influence the cost of sales in the
current period, having their total effects only in the following period.</P>
</TD>
  <TD STYLE="width: 4%">&nbsp;</TD>
  <TD STYLE="width: 48%">
<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Free Cash Flow -</B> Net cash provided by operating
activities less the sum of acquisition of PP&amp;E and intangibles assets and acquisition of equity interests. Free cash flow is not defined
under the IFRS Accounting Standards and should not be considered in isolation or as a substitute for cash and cash equivalents calculated
in accordance with IFRS Accounting Standards. It may not be comparable to free cash flow of other companies. However, management believes
that it is an appropriate supplemental measure to assess our liquidity and supports leverage management.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 6pt; text-align: justify"><B>Gross Debt</B> &ndash; Sum of current and non-current
finance debt and lease liability, this measure is not defined under the IFRS Accounting Standards.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Leverage &ndash; </B>Ratio between the Net Debt
and the sum of Net Debt and Market Capitalization. Leverage is not a measure defined in the IFRS Accounting Standards and it is possible
that it may not be comparable to similar measures reported by other companies, however management believes that it is an appropriate supplemental
measure to assess our liquidity.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Lifting Cost -</B> Crude oil and natural gas lifting
cost indicator, which considers expenditures occurred in the period.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>LTM Adjusted EBITDA</B> &ndash; Adjusted EBITDA
for the last twelve months.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>OCF - </B>Net Cash provided by (used in) operating
activities (operating cash flow)</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Operating income (loss) - </B>Net income (loss)
before finance (expense) income, results in equity-accounted investments and income taxes.</P>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Net Debt &ndash; </B>Gross Debt less Adjusted
Cash and Cash Equivalents. Net Debt is not a measure defined in the IFRS Accounting Standards and should not be considered in isolation
or as a substitute for total long-term debt calculated in accordance with the IFRS Accounting Standards. Our calculation of Net Debt
may not be comparable to the calculation of Net Debt by other companies. Management believes that Net Debt is an appropriate supplemental
measure that helps investors assess our liquidity and supports leverage management.</P>
<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify"><B>Results by Business Segment &ndash;</B> The information
by the company's business segment is prepared based on available financial information that is directly attributable to the segment or
that can be allocated on a reasonable basis, being presented by business activities used by the Executive Board to make resource allocation
decisions and performance evaluation.</P>
    <P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0; text-align: justify">When calculating segmented results, transactions with third
    parties, including jointly controlled and associated companies, and transfers between business segments are considered. Transactions between
    business segments are valued at internal transfer prices calculated based on methodologies that take into account market parameters, and
    these transactions are eliminated, outside the business segments, for the purpose of reconciling the segmented information with the consolidated
    financial statements of the company.</P></TD></TR>
</TABLE>

<P STYLE="font: 8pt Petrobras Sans,sans-serif; margin: 0 0 3pt; text-align: justify">&nbsp;</P>




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<P STYLE="font: 11pt/107% Petrobras Sans,sans-serif; margin: 0 0 8pt"></P>

<P STYLE="font: 14.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt">Date:&nbsp;May 27, 2025</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>PETR&Oacute;LEO BRASILEIRO S.A&ndash;PETROBRAS<BR>
<BR>
</B>By: /s/&nbsp;<FONT STYLE="color: #222222; background-color: white">Fernando Sabbi Melgarejo</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">______________________________</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; color: #222222"><FONT STYLE="background-color: white">Fernando Sabbi Melgarejo</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">Chief Financial Officer and Investor Relations
Officer</P>

<P STYLE="font: 11pt/12.65pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Petrobras Sans,sans-serif; margin: 0 0 8pt">&nbsp;</P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
