| Trade and other receivables |
| 9. | Trade and other receivables |
| 9.1. | Trade and other receivables |
| Schedule of trade and other receivables, net |
|
|
| |
06.30.2026 |
12.31.2025 |
| Third parties |
|
|
| Receivables from contracts with customers |
4,813 |
4,641 |
| Other trade receivables |
|
|
| Receivables from divestments and Transfer of Rights Agreement |
822 |
1,132 |
| Lease receivables |
199 |
226 |
| Other receivables |
707 |
1,192 |
| Subtotal - Third parties |
6,541 |
7,191 |
| Related parties |
|
|
| Receivables from contracts with customers - Investees |
94 |
77 |
| Fuel trading subsidy program |
2,021 |
− |
| Subtotal - Related parties (note 28) |
2,115 |
77 |
| Total trade and other receivables, before ECL |
8,656 |
7,268 |
| Expected credit losses (ECL) - Third parties |
(1,848) |
(1,780) |
| Expected credit losses (ECL) - Related parties |
(3) |
(10) |
| Total trade and other receivables |
6,805 |
5,478 |
| Current |
6,252 |
4,627 |
| Non-current |
553 |
851 |
Trade and other receivables are generally classified
as measured at amortized cost, except for receivables with final prices linked to changes in commodity price after their transfer of control,
which are classified as measured at fair value through profit or loss, amounting to US$ 727 as of June 30, 2026 (US$ 402 as of December
31, 2025).
The balance of receivables from divestment and
Transfer of Rights Agreement is mainly related to the earnout of the Sépia and Atapu fields, totaling US$ 299 (US$ 398
as of December 31, 2025), from the sale of interest in the Roncador field, totaling US$ 121 (US$ 266 as of December 31, 2025),
the Potiguar cluster, totaling US$ 81 (US$ 157 as of December 31, 2025), and the Pampo and Enchova cluster, totaling US$ 85
(US$ 66 as of December 31, 2025).
The decrease in the balance of “Other receivables”
is mainly related to the Tupi Shared Reservoir, as described in Note 18.4.
| 9.2. | Aging of trade and other receivables
– third parties |
| Schedule of aging of trade and other receivables |
|
|
|
|
| |
06.30.2026 |
12.31.2025 |
| |
Trade and other receivables |
Expected credit losses |
Trade and other receivables |
Expected credit losses |
| Current |
4,462 |
(25) |
5,265 |
(88) |
| Overdue: |
|
|
|
|
| 1-90 days |
42 |
(23) |
66 |
(32) |
| 91-180 days |
44 |
(22) |
46 |
(25) |
| 181-365 days |
104 |
(98) |
129 |
(106) |
| More than 365 days |
1,889 |
(1,680) |
1,685 |
(1,529) |
| Total |
6,541 |
(1,848) |
7,191 |
(1,780) |
| 9.3. | Provision for expected credit
losses – third parties and related parties |
| Schedule of changes in credit losses provision |
|
|
| Changes |
Jan-Jun/2026 |
Jan-Jun/2025 |
| Opening balance |
1,790 |
1,641 |
| Additions |
47 |
93 |
| Reversals |
(52) |
(56) |
| Write-offs |
(8) |
(5) |
| Translation adjustment |
71 |
137 |
| Others |
3 |
− |
| Closing balance |
1,851 |
1,810 |
| Current |
438 |
376 |
| Non-current |
1,413 |
1,434 |
|