Petrobras to distribute up to $55bn in dividends by 2029 [Yahoo! Finance]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Yahoo! Finance
business strategy, aiming to maintain its commitment to returning cash to investors, as reported by Bloomberg The company stated in a recent securities filing that it may also disburse up to $10bn in extraordinary dividends during this period. Payment of an additional 20bn reais ($3.4bn) in extraordinary dividends to shareholders has also been approved by the company. Analysts have responded positively to the continued shareholder payouts, with 83% rating the stock as a buy, according to Bloomberg data. Petrobras has confirmed a 9% increase in its strategic plan to $111bn, though it has reduced estimated capital spending for 2025 to $18.5bn from $21bn. A significant portion of the expenditure, $77.3bn, is allocated to exploration and production projects both within and outside the country. The business plan includes ten new offshore production units, with an additional five vessels planned post-2029. Petrobras is also considering six more production vessels, including a 12
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