Petrobras informs on Board of Directors' Statement on dividend distribution

Source: www.gulfoilandgas.com 4/19/2024, Location: South America

Petrobras informs that the Company's Board of Directors, at a meeting held today, in continuity with its process of clarification on the destination of the remaining profit for the 2023 financial year and the possibility of distributing extraordinary dividends, during the presentation to monitor the execution of the 2024-2028+ Strategic Plan, took note of the explanations and data presented by the Finance and Investor Relations Department.

Considering dynamic scenarios, such as the evolution of Brent, the exchange rate and other factors, the Board of Directors considered, by majority vote, that the clarifications and updates on the Company's financing in the short, medium and long term and the preservation of governance were satisfactory, so that: (i) any decision by the Annual General Meeting (AGM), scheduled for April 25, 2024, other than the Management proposal of March 7, 2024, to distribute, as extraordinary dividends, up to 50% of the remaining net income (after allocations to legal reserves and the payment of ordinary dividends), would not compromise the Company's financial sustainability; (ii) any distribution of the remaining 50% by the Company, as interim dividends, will be evaluated by the Board of Directors during the current fiscal year.
Finally, the Company clarifies that this statement does not constitute a change to the management proposal published on March 7, 2024, which remains valid and in force.


Canada >>  5/24/2024 - Permian Resources Corporation (“Permian Resources”) (NYSE: PR) announces that, in connection with its post-merger integration of Earthstone Energy Inc...
Netherlands/Holland >>  5/24/2024 - Shell plc (the ‘Company’) announces that on 23 May, 2024 it purchased the following number of Shares for cancellation. ...

Netherlands/Holland >>  5/24/2024 - LyondellBasell (NYSE: LYB) announced its board of directors has declared a quarterly dividend of $1.34 per share, representing a 7 percent increase ov...
Norway >>  5/24/2024 - Equinor ASA (OSE: EQNR, NYSE: EQNR) announced on 7 February 2024 an ordinary cash dividend per share of USD 0.35 and an extraordinary cash dividend pe...

Norway >>  5/24/2024 - DNO ASA, the Norwegian oil and gas operator, today completed the private placement of USD 400 million of new five-year senior unsecured bonds with a c...
Norway >>  5/24/2024 - Dividend information
Reference is made to the Q1 2024 Presentation released 24 May 2024.

BW Offshore Limited (“BW Offshore”) pro...





Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.