Petrobras, Brazil's national oil company, recently concluded a seven-week dispute over dividends, resulting in the company agreeing to pay out $4.3 billion to its investors. This decision came alongside the announcement that Petrobras is set to pay 22 billion reais in extraordinary dividends and is also preparing to elect a new board. Additionally, Petrobras shareholders approved the payout of 50% of withheld dividends. The company, known for its mixed ownership model involving both government control and private investment, has been highlighted as a significant player in the global oil market, attracting top international funds.
A seven-week tug of war over Petrobras’s dividends wound up with the company delivering a $4.3 billion payout to investors https://t.co/fcMauiPp0B
#Brazil: Petrobras shareholders approve payout of 50% of withheld dividends #oott https://t.co/sAG2HTDRIO
Petrobras Investors Come Out Ahead After Drama Over Dividends in #Brazil Company set to pay 22 billion reais in extraordinary dividends Brazil’s national oil company also set to elect a new board #oott https://t.co/xUUgSghsry
A seven-week tug of war over Petrobras’s dividends wound up with the company delivering a $4.3 billion payout to investors https://t.co/MpKw54N8tG
Petrobras is a super interesting company. Controlled by Brazil but a massive oil producer that also has the world's top funds among investors Despite recent noise, I think this mixed model has worked well, both for Brazil & for investors betting on the country's vast oil wealth