Petrobras paid almost R$500 billion in dividends to shareholders in the last six years

247 – Petrobras distributed a total of R$446.4 billion in dividends to shareholders between 2018 and 2023. This amount includes the payment of extraordinary dividends of R$21.9 billion recently approved, in addition to the R$14.2 billion in ordinary dividends for the fourth quarter of 2023. With the possibility of an additional payment of R$21.9 billion this year, the total value could reach R$468.3 billion, according to report of Value.

The distribution of R$446.4 billion in dividends by Petrobras has generated debates about the remuneration policy for the state-owned company’s investors. The issue becomes more relevant considering President Lula’s promises to reduce the drain on resources from Petrobras.

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The Petrobras Ordinary General Assembly (AGO), held on April 25, was the stage where these decisions were made. During the event, the allocation of R$94.3 billion in shareholder remuneration was approved, referring to the year 2023. This amount includes advance payments approved in the same year and paid until March 2024, totaling R$58.2 billion.

The remainder of the amount, approximately R$36.1 billion, will be distributed now, divided between R$14.2 billion in ordinary dividends and R$21.9 billion in extraordinary dividends. These decisions reflect not only the company’s financial policy, but also its relationship with the government and the market.

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However, opinions differ on the distribution of dividends. While some analysts consider the practice to be positive for shareholders and the company’s financial stability, others believe that it could compromise future investments and Petrobras’ ability to face market challenges.

Furthermore, groups such as the Institute for Strategic Studies of Petroleum, Natural Gas and Biofuels (Ineep) and the Single Federation of Oil Workers (FUP) have expressed concern about the long-term impacts of this dividend distribution policy, emphasizing the importance of reinvestment in the company and in strategic sectors for the country.