Petroleo Brasileiro SA Petrobras (Petrobras) has publicly addressed inaccuracies in a news article published by Valor Econômico, which suggested that the company had indicated the possibility of paying extraordinary dividends. In a clarification issued on March 15, 2024, Petrobras stated that at no point did it promise or signal any direction towards the payment of extraordinary dividends during an event with analysts and investors held on January 30 and 31, 2024. The company emphasized that the presentation material, which is available on its investor website and has been filed with the CVM and the SEC, merely outlined the dividend process based on public information and did not suggest any future payments. Petrobras highlighted that dividend decisions are made following a standard framework that considers...Show More

Petroleo Brasileiro SA Petrobras (Petrobras) has publicly addressed inaccuracies in a news article published by Valor Econômico, which suggested that the company had indicated the possibility of paying extraordinary dividends. In a clarification issued on March 15, 2024, Petrobras stated that at no point did it promise or signal any direction towards the payment of extraordinary dividends during an event with analysts and investors held on January 30 and 31, 2024. The company emphasized that the presentation material, which is available on its investor website and has been filed with the CVM and the SEC, merely outlined the dividend process based on public information and did not suggest any future payments. Petrobras highlighted that dividend decisions are made following a standard framework that considers various factors, including financial results and market prospects, and that maintaining this process does not imply a commitment to future dividend payments. The company also noted that analysts' reports predicting extraordinary dividends have been circulating since October 2023, based on their own assessments, over which Petrobras has no control. The company reiterated its commitment to transparency and compliance with governance practices, stating that it does not disclose material non-public information during meetings with analysts and investors.