On August 8, 2024, Petroleo Brasileiro SA Petrobras (Petrobras) announced that its Board of Directors has approved the payment of R$ 13.57 billion in interim and intermediate dividends, along with interest on equity (JCP), to its shareholders. This equates to R$ 1.05320017 per outstanding common and preferred share. The decision aligns with the company's Remuneration Policy for Shareholders, which allows for a distribution of 45% of the free cash flow, given that the gross debt is at or below US$ 65 billion and there are positive accumulated results. Despite the semester's accumulated result being R$ 20.6 billion, the total dividend payment for the semester reached R$ 27.0 billion, necessitating the use of R$ 6.4 billion from the capital remuneration reserve. After this distribution, the reserve will have...Show More

On August 8, 2024, Petroleo Brasileiro SA Petrobras (Petrobras) announced that its Board of Directors has approved the payment of R$ 13.57 billion in interim and intermediate dividends, along with interest on equity (JCP), to its shareholders. This equates to R$ 1.05320017 per outstanding common and preferred share. The decision aligns with the company's Remuneration Policy for Shareholders, which allows for a distribution of 45% of the free cash flow, given that the gross debt is at or below US$ 65 billion and there are positive accumulated results. Despite the semester's accumulated result being R$ 20.6 billion, the total dividend payment for the semester reached R$ 27.0 billion, necessitating the use of R$ 6.4 billion from the capital remuneration reserve. After this distribution, the reserve will have a balance of R$ 15.5 billion. The dividends and JCP will be paid in two installments in November and December 2024. The record date for shareholders is set for August 21, 2024, on B3, and August 23, 2024, for ADR holders on the NYSE. The payments will be adjusted by the Selic rate for the purpose of calculating the deduction at the 2025 Annual General Meeting for the 2024 fiscal year.