{"id":23965,"date":"2024-11-22T05:49:54","date_gmt":"2024-11-22T09:49:54","guid":{"rendered":"https:\/\/energiesnet.com\/espanol\/?p=23965"},"modified":"2024-11-26T11:56:15","modified_gmt":"2024-11-26T15:56:15","slug":"petrobras-approves-3-4-billion-in-extra-dividends-and-unveils-111-billion-strategic-plan","status":"publish","type":"post","link":"https:\/\/energiesnet.com\/espanol\/petrobras-approves-3-4-billion-in-extra-dividends-and-unveils-111-billion-strategic-plan\/","title":{"rendered":"Petrobras Approves $3.4 Billion in Extra Dividends and Unveils $111 Billion Strategic Plan"},"content":{"rendered":"\n
\"Petrobras
Petrobras informs that its Board of Directors (CA), in a meeting held today, approved the payment of extraordinary dividends in the amount of R$ 20 billion.<\/figcaption><\/figure>\n\n\n\n

Reporting by Fabio Teixeira and Andre Romani, Reuters <\/p>\n\n\n\n

RIO\/SAO PAULO
EnergiesNet.com 11 21 2024 <\/p>\n\n\n\n

Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab<\/a> approved on Thursday a payout of 20 billion reais ($3.4 billion) in extraordinary dividends to shareholders, and it lowered the minimum cash level required for its $111 billion strategic plan.<\/p>\n\n\n\n

Petrobras said in a securities filing that around 15.6 billion reais of the payout would come out of a capital reserve<\/a> that held cash investors had expected would be doled out months ago, as extraordinary dividends for the 2023 period.<\/p>\n\n\n\n

The disbursement of the 2023 funds settles a matter that rocked Petrobras earlier this year, when its shares sank a day after its board in March voted to withhold extra dividends expected for 2023, a decision many saw as political interference<\/a> from Brazil’s government.<\/p>\n\n\n\n

In a separate securities filing, Petrobras said its board approved on Thursday a $111 billion investment plan for 2025-2029, in line with what company management had proposed<\/a>, but with a minimum cash level of $6 billion, down from $8 billion in the previous 2024-2028 plan.<\/p>\n\n\n\n

In October, Chief Financial Officer Fernando Melgarejo had said Petrobras was considering a change in its minimum cash level and would distribute excess cash to shareholders.<\/p>\n\n\n\n

The remaining 4.4 billion reais announced on Thursday are dividends from profits accumulated this year up to September, the company added. The total payout represents 1.55 real ($0.27) per share, according to Petrobras.<\/p>\n\n\n\n

<\/p>\n\n\n\n

STRATEGIC PLAN<\/h2>\n\n\n\n

<\/p>\n\n\n\n

Petrobras said in its new strategic plan that its \u00abrobust\u00bb free cash flow supports an ordinary dividend forecast of $45 billion-$55 billion for the next five years, and said there is room for up to $10 billion in extra dividends for the period.<\/p>\n\n\n\n

Of the $111 billion in investments approved for the five-year period, $77 billion would be disbursed by Petrobras for exploration and production activities, topping the $73 billion earmarked for the segment in the previous plan.<\/p>\n\n\n\n

It also outlines about $20 billion for the Refining, Transportation, Marketing, Petrochemicals and Fertilizers segment, while projecting production of about 3.2 million barrels per day of oil equivalent in the period.<\/p>\n\n\n\n

Low-carbon initiatives gained a boost in the new plan, with $16.3 billion flagged, about 42% more than under the previous plan, Petrobras said.<\/p>\n\n\n\n

($1 = 5.8144 reais)<\/p>\n\n\n\n

Reporting by Fabio Teixeira in Rio de Janeiro and Andre Romani in Sao Paulo; Editing by Kylie Madry, David Gregorio and Leslie Adler.<\/p>\n\n\n\n

reuters.com 11 21 2024<\/p>\n","protected":false},"excerpt":{"rendered":"

Reporting by Fabio Teixeira and Andre Romani, Reuters RIO\/SAO PAULO EnergiesNet.com 11 21 2024 Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab approved on Thursday a payout of 20 billion reais ($3.4 billion) in extraordinary dividends to shareholders, and it lowered the minimum cash level required for its $111 billion strategic plan. Petrobras said in a …<\/p>\n

Petrobras Approves $3.4 Billion in Extra Dividends and Unveils $111 Billion Strategic Plan<\/span> Leer m\u00e1s »<\/a><\/p>\n","protected":false},"author":2,"featured_media":23966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-23965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t